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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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jerry wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 So my sale at 31/= early this year was ok? I needed the cash badly then! still trading at a premium price of kes 40.. buyer beware. but we are getting close to its real price
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/-
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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The optimist wrote:HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/- when is the rights issue. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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kyt wrote:The optimist wrote:HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/- when is the rights issue. iam sure from next week we might hear their end year numbers well calculated to create enough appetite and a clear road map to the rights "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,657 Location: NAIROBI
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The offer will open on February 19 and run till March 13, Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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Ericsson wrote:The offer will open on February 19 and run till March 13, the share is excited, whats the ratio or its 1:1 ??I think they created more shares than they currently have "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,657 Location: NAIROBI
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@mlenyama 1 for every 2. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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mlennyma wrote:Ericsson wrote:The offer will open on February 19 and run till March 13, the share is excited, whats the ratio or its 1:1 ??I think they created more shares than they currently have Am unable to post an image. view the announcement from the Business Daily here
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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1:2 @mlemanyma LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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it is possible this guys might just decide to take all money raised incase of an over subscription "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,657 Location: NAIROBI
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Fair value will be around 24 after the rights issue. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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Ericsson wrote:Fair value will be around 24 after the rights issue. do you imply the rights is expensive by 6 shillings?Nic and uchumi may be a lesson to learn "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 8/17/2007 Posts: 294
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Corporate Finance 101: When a company doing a rights issue it is a signal that it has projects to undertake that are profitable and will increase shareholder value. on the other hand when a company pays out a huge dividend it is a signal that the company has no more projects to undertake and has no use for the cash. this is a BUY for me
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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obiero wrote:jerry wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 So my sale at 31/= early this year was ok? I needed the cash badly then! still trading at a premium price of kes 40.. buyer beware. but we are getting close to its real price @30, we must re-enter! thats where the value lies and since some guys bought the monkey at 45 or higher, it will be a real bargain
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/8/2007 Posts: 808
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Boss you will zero at 3 unless you own some. Nig shareholder likely to help themselves.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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lets wait and see, mimi nitaingia na kichwa na miguu LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 7/3/2014 Posts: 245
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A back of the hand calculation gives 60 bob as the breakeven point for buyers who got in today and want to exit cum rights. How high will the price go past 60 or will it even get there ? I guess thats how we will find out how well the rights issue will do. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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kyt wrote:lets wait and see, mimi nitaingia na kichwa na miguu Iv never tried to buy traded rights. What are the odds of being able to own some via direct purchase when the rights start trading??
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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it's a bit dilutive. post rights and even during the period of uncertainty I don't see it going below 36.00. I'm sure the big boys will be more than happy to increase their holding from those who will lapse the rights. I'm only wondering what the allocation ratio will be coz I sold everything except 100 shares and hope to apply for extra rights The investor's chief problem - and even his worst enemy - is likely to be himself
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Housing Finance: HFCK a diamond in the rough
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