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HF Group 1Q17
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muandiwambeu
#11 Posted : Tuesday, May 30, 2017 10:36:47 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Sir Jones wrote:
Pesa Nane wrote:
Sir Jones wrote:
mlennyma wrote:
The diamond became a monkey

This is the time we all need new visionary management at HF. Why should some African managers hold on to an office even when they know that they have exhausted what they can offer to an enterprise.
@Obiero and other elders in this forum. What rights do minority shareholders have to push a revolutionary agenda in this company.

Is there anyone reading this who can talk to Mr.Frank Ireri and his team for possible stepdown to allow new minds and ideas here?

They are doing so well that they paid themselves almost Ksh. 6million in the 3 months compared to a million in 1Q16.

Clearly this tells you how our system and culture is rotten.

This is disgusting. Being corrupt is not intrinsic to any culture, its by indoctrination. Any, the rotten mayaiscontinue to spew the stench inside here.
,Behold, a sower went forth to sow;....
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Ericsson
#12 Posted : Tuesday, May 30, 2017 11:16:07 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Obiero loves such firms;amekaa kidete na Housing Finance shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#13 Posted : Tuesday, May 30, 2017 11:35:52 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
Ericsson wrote:
Obiero loves such firms;amekaa kidete na Housing Finance shares

Hehe.. HF is a big disappointment

KQ ABP 4.26
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murchr
#14 Posted : Wednesday, May 31, 2017 5:30:17 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Very disappointing
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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mlennyma
#15 Posted : Wednesday, May 31, 2017 9:49:49 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
murchr wrote:
Very disappointing

House construction has very many loopholes for swindling money
"Don't let the fear of losing be greater than the excitement of winning."
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actuarywahisa
#16 Posted : Wednesday, May 31, 2017 10:21:48 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
mlennyma wrote:
The diamond became a monkey


There was no diamond here. It was glass all along.
#MburntToCongnition
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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moneydust
#17 Posted : Wednesday, May 31, 2017 11:22:32 AM
Rank: Member

Joined: 1/31/2007
Posts: 304
obiero wrote:
Ericsson wrote:
Obiero loves such firms;amekaa kidete na Housing Finance shares

Hehe.. HF is a big disappointment


I have never believed in this firm,chiefly because Kenyans are not mortgage takers simply on the basis of affordability.
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heri
#18 Posted : Wednesday, May 31, 2017 1:05:33 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
moneydust wrote:
obiero wrote:
Ericsson wrote:
Obiero loves such firms;amekaa kidete na Housing Finance shares

Hehe.. HF is a big disappointment


I have never believed in this firm,chiefly because Kenyans are not mortgage takers simply on the basis of affordability.


on the contrary, for me i thought with all their economies of scale advantage, experience they would be making good money from selling houses either cash or through mortgage atleast until recently when i think they has been a serious slow down in the property market.
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lochaz-index
#19 Posted : Thursday, June 01, 2017 12:24:47 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Like clock work, problems are piling on Hfck with disconcerting haste. NPLs rising at such a rapid pace (72%) in such a short while is a very big red flag. Lots of subprime lending (or worse) was undertaken by the bank - family bank too with the latter seemingly in murkier waters - which needs funding and must be flushed out eventually.

If that rate of default doesn't go down soon, recovery will take ages and tortuous at that.
The main purpose of the stock market is to make fools of as many people as possible.
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obiero
#20 Posted : Thursday, June 01, 2017 8:36:00 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
heri wrote:
moneydust wrote:
obiero wrote:
Ericsson wrote:
Obiero loves such firms;amekaa kidete na Housing Finance shares

Hehe.. HF is a big disappointment


I have never believed in this firm,chiefly because Kenyans are not mortgage takers simply on the basis of affordability.


on the contrary, for me i thought with all their economies of scale advantage, experience they would be making good money from selling houses either cash or through mortgage atleast until recently when i think they has been a serious slow down in the property market.



The stock was proper but it's management got greedy

KQ ABP 4.26
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