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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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http://www.standardmedia...x-jumps-to-sh1-7-billion
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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What are you smoking? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@obiero, 1.7B was for FY15. Quote: Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Gatheuzi wrote:@obiero, 1.7B was for FY15. Quote: Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014. We have to excite the market
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,063 Location: Nairobi
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Not too bad considering all the upheavals in the banking sector. http://www.businessdaily...0108-o29wvgz/index.html
The NPLs haven't risen as much as other lenders and that's a huge plus for HFCK. Could that be thanks to what they finance i.e. houses/buildings? [You cannot steal a house. Of course, there's always the USIU-type saga where 3 people claim the same property!] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/21/2014 Posts: 184
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obiero wrote:Gatheuzi wrote:@obiero, 1.7B was for FY15. Quote: Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014. We have to excite the market  There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities???? 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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Rank: Member Joined: 8/17/2007 Posts: 294
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Angelica _ann wrote:Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities???? govt securities can instantly be liquidated but going to the market to issue a bond can take 8months....
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Rank: Chief Joined: 1/3/2007 Posts: 18,063 Location: Nairobi
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Angelica _ann wrote:Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities???? Short term. When you receive a dividend you want to re-invest, do you run out and buy shares immediately or leave the funds in a current/savings account until you find something to buy? Loans take time to make. Perhaps the Bond was to invest in a new housing project to be paid for over time or in stages. @Instinct is right coz it takes ages to issue a bond in Kenya. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Gatheuzi wrote:@obiero, 1.7B was for FY15. Quote: Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014. 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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Rank: Member Joined: 8/17/2007 Posts: 294
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Rank: Member Joined: 5/21/2014 Posts: 184
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instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... Kumbe hii ni burukenge...?  There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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actuarywahisa wrote:instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... Kumbe hii ni burukenge...? No wonder inashuka hivyo tu 9 Bob inakuja
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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I now realize that no matter how well you do your research about a company, unless you are an insider, there is always an element of gambling involved. A few weeks back I would have sworn that HFCK was among the best companies at the NSE. There is no way of verifying information presented to investors because auditors can be bribed.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mkondoa Macho wrote:I now realize that no matter how well you do your research about a company, unless you are an insider, there is always an element of gambling involved. A few weeks back I would have sworn that HFCK was among the best companies at the NSE. There is no way of verifying information presented to investors because auditors can be bribed. I asked a question here last year during the britam Mauritius scandal. Can the son be clean when the father is dirty? The day britam acquired 46% ownership the followed by the above mentioned scandal, I washed my hands The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:Mkondoa Macho wrote:I now realize that no matter how well you do your research about a company, unless you are an insider, there is always an element of gambling involved. A few weeks back I would have sworn that HFCK was among the best companies at the NSE. There is no way of verifying information presented to investors because auditors can be bribed. I asked a question here last year during the britam Mauritius scandal. Can the son be clean when the father is dirty? The day britam acquired 46% ownership the followed by the above mentioned scandal, I washed my hands This bad omen news will hit Britam like an hurricane forcing it down to sub 10 bob by Friday before its early projected January 2017..... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... On the very day that I scooped meself some more!!! Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,063 Location: Nairobi
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Pesa Nane wrote:instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... On the very day that I scooped meself some more!!! Pole sana. If you do not trust the management, just avoid the stock [as a long-term investment] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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VituVingiSana wrote:Pesa Nane wrote:instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... On the very day that I scooped meself some more!!! Pole sana. If you do not trust the management, just avoid the stock [as a long-term investment] My take is simple, lots begs explaining here. A confirmation of a hint I bumped upon two yrs down the line. Lots more lurks behind this revelation. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,063 Location: Nairobi
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muandiwambeu wrote:VituVingiSana wrote:Pesa Nane wrote:instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul.... On the very day that I scooped meself some more!!! Pole sana. If you do not trust the management, just avoid the stock [as a long-term investment] My take is simple, lots begs explaining here. A confirmation of a hint I bumped upon two yrs down the line. Lots more lurks behind this revelation. Toboa! P.S. If anyone hears anything about I&M ... please let me know! Equity too but I am not as invested in it as I&M Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Housing Finance: HFCK a diamond in the rough
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