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HFCK FY 2018
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doubletap
#31 Posted : Wednesday, April 03, 2019 8:07:39 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
obiero wrote:
doubletap wrote:
Anyone with the low down on what ails this company? What lies in the horizon are they not selling houses or what's up with mortgages? Anyone

High NPL and reduced lending, implying high provisions expense and low interest income respectively. The firm has however started
aggressive offload of houses at 30% discount which should claw back some losses. It has also launched into retail banking on the financial supermarket model


Always thought there houses were on the higher side in terms of price and finishing.
Houses for sale are this prices already discounted?
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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cyruskulei
#32 Posted : Thursday, April 04, 2019 9:42:32 AM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
doubletap wrote:
obiero wrote:
doubletap wrote:
Anyone with the low down on what ails this company? What lies in the horizon are they not selling houses or what's up with mortgages? Anyone

High NPL and reduced lending, implying high provisions expense and low interest income respectively. The firm has however started
aggressive offload of houses at 30% discount which should claw back some losses. It has also launched into retail banking on the financial supermarket model


Always thought there houses were on the higher side in terms of price and finishing.
Houses for sale are this prices already discounted?


It appears they have proposed a bonus of 1:1.

https://www.nse.co.ke/li...meeting-for-hf-group-plc
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Ericsson
#33 Posted : Thursday, April 04, 2019 9:54:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
cyruskulei wrote:
doubletap wrote:
obiero wrote:
[quote=doubletap]Anyone with the low down on what ails this company? What lies in the horizon are they not selling houses or what's up with mortgages? Anyone

High NPL and reduced lending, implying high provisions expense and low interest income respectively. The firm has however started
aggressive offload of houses at 30% discount which should claw back some losses. It has also launched into retail banking on the financial supermarket model


Always thought there houses were on the higher side in terms of price and finishing.
Houses for sale are this prices already discounted?


It appears they have proposed a bonus of 1:1.

https://www.nse.co.ke/li...eeting-for-hf-group-plc[/quote]

Not really,the shares may be created in preparation of an upcoming rights issue or sale to a strategic investor.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#34 Posted : Thursday, April 04, 2019 10:53:41 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
cyruskulei wrote:
doubletap wrote:
obiero wrote:
[quote=doubletap]Anyone with the low down on what ails this company? What lies in the horizon are they not selling houses or what's up with mortgages? Anyone

High NPL and reduced lending, implying high provisions expense and low interest income respectively. The firm has however started
aggressive offload of houses at 30% discount which should claw back some losses. It has also launched into retail banking on the financial supermarket model


Always thought there houses were on the higher side in terms of price and finishing.
Houses for sale are this prices already discounted?


It appears they have proposed a bonus of 1:1.

https://www.nse.co.ke/li...eeting-for-hf-group-plc[/quote]

Not really,the shares may be created in preparation of an upcoming rights issue or sale to a strategic investor.


That is just creation of shares for future use, rights issue most likely, or bought by a 'strategic' partner next likely ...... hakuna bonus hapo smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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  | | Edit by user: Thursday, April 04, 2019 11:27 AM | Reason: Not specified
Fyatu
#35 Posted : Thursday, April 04, 2019 11:18:32 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement
Dumb money becomes dumb only when it listens to smart money
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Ericsson
#36 Posted : Thursday, April 04, 2019 1:30:37 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Fyatu wrote:
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement



And then be told to subscribe to another rights issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#37 Posted : Thursday, April 04, 2019 1:33:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Fyatu wrote:
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement

But we lost 100%, if nothing comes of the current bidding process for shareholders, and HFCK shareholders have only lost 80%-90?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#38 Posted : Thursday, April 04, 2019 1:58:49 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Fyatu wrote:
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement

But we lost 100%, if nothing comes of the current bidding process for shareholders, and HFCK shareholders have only lost 80%-90?


I am optimistic we will get something from ARM. Rhino is already retailing huku mashinani.
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#39 Posted : Thursday, April 04, 2019 2:36:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Fyatu wrote:
VituVingiSana wrote:
Fyatu wrote:
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement

But we lost 100%, if nothing comes of the current bidding process for shareholders, and HFCK shareholders have only lost 80%-90?


I am optimistic we will get something from ARM. Rhino is already retailing huku mashinani.
That is good news. Bondholders may get something but I am not too sure about shareholders.
I have provisioned my ARM shares so anything we get will be a pure profit. I would like this to be over ASAP. The shares show up on my myStocks account but at Shs 0.00 = Value 0.00 as should be.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#40 Posted : Thursday, April 04, 2019 5:17:56 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Fyatu wrote:
To imagine that some wazuans overbought the rights issue of this monkey at a whooping kshs.30 just the other day in 2015 makes me derive solace for my errors @ARMcement


HF story of potential, success was discussed here...

Diamond in the Ruff

Their problem was overdistributing profits to shareholders knowing well their profits were driven by debt.

Insufficient reserves retained for the proverbial rainy day.
Life is short. Live passionately.
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