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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#cha-ching! .... 
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:#cha-ching! .... Any fear from land act? ama you are buying the fear? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:mwekez@ji wrote:#cha-ching! .... Any fear from land act? ama you are buying the fear? Banks remain well covered. Fearing not. Niko in the buying side of this counter
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@mwekez@ji lets forget the risk premium stuff which HFCK also has for a minute! mwekez@ji on Sept 17th wrote:Housing Finance which lowered its base-rate to 18 per cent from 23 per cent said it expected more take-up of mortgages especially for the middle and lower end of the market and is scaling up development to meet demand from these market segments. WAS IT 23%?? mwekez@ji on Sept 18th wrote:@guru, while S&L was charging its existing customers over 19%p.a (19%+risk premium). HF was charging at an effective rate of 16%. Strong statement made by HF right there at the tough times. OR WAS IT 16%?? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:@mwekez@ji lets forget the risk premium stuff which HFCK also has for a minute! mwekez@ji on Sept 17th wrote:Housing Finance which lowered its base-rate to 18 per cent from 23 per cent said it expected more take-up of mortgages especially for the middle and lower end of the market and is scaling up development to meet demand from these market segments. WAS IT 23%?? mwekez@ji on Sept 18th wrote:@guru, while S&L was charging its existing customers over 19%p.a (19%+risk premium). HF was charging its at an effective rate of 16%. Strong statement made by HF right there at the tough times. OR WAS IT 16%?? BOTH! 1st applying to new customers. 2nd applying to existing customers. BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter .
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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When u get the div. Cheque or eft pls alert me men of good will. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter Are you saying that a banker with a mortgage in Runda will pay the same effective rate as a civil servant with a mortgage in umoja? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter Are you saying that a banker with a mortgage in Runda will pay the same effective rate as a civil servant with a mortgage in umoja? What a question! You should know there are special classes of borrowers who enjoy lower rate than the effective rate that is made public.
BOTTOM LINE: 1. HF does not load risk premium on the effective rate 2. HF will continue to be the preferred mortgage lender 3. HF will continue winning market share .
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:I continue to fancy the volume spread. 2,014,300 shares traded today. Last week 1M shares were traded. Closed @13.25/- The rebound will be snappish when it comes.  This is quite fanciable volume show. #Buy, buy this diamond
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Top five banks (KCB, Equity, BBK, Co-op & StanChart) charge highest interest rate on loans http://www.businessdailyafrica....98/-/n6k0qs/-/index.html#HFCK, the preferred one stop mortgage shop!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:guru267 wrote:mwekez@ji wrote:BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter Are you saying that a banker with a mortgage in Runda will pay the same effective rate as a civil servant with a mortgage in umoja? What a question! You should know there are special classes of borrowers who enjoy lower rate than the effective rate that is made public.
BOTTOM LINE: 1. HF does not load risk premium on the effective rate 2. HF will continue to be the preferred mortgage lender 3. HF will continue winning market share . Does no one in HFCK pay above the effective rate?? Just curious! Where did you find out about HFs lack of a risk premium?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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Another day to pile up the diamond,so help me God. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@ guru. karibu 0.25 member The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:guru267 wrote:mwekez@ji wrote:BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter Are you saying that a banker with a mortgage in Runda will pay the same effective rate as a civil servant with a mortgage in umoja? What a question! You should know there are special classes of borrowers who enjoy lower rate than the effective rate that is made public.
BOTTOM LINE: 1. HF does not load risk premium on the effective rate 2. HF will continue to be the preferred mortgage lender 3. HF will continue winning market share . Does no one in HFCK pay above the effective rate?? Just curious! Where did you find out about HFs lack of a risk premium?? @guru, KYI - Know Your Investments Housing Finance reduces lending rate to 18 per cent “Ours is an effective rate and it’s the level at which we lend to customers as opposed to the base rate. The lower cost of borrowing will help to turnaround our loan book,” said Frank Ireri Housing Finance managing director. Most banks have cut their base rate—which means that their real lending rates are higher since they charge a premium to borrowers that is added onto the quoted rate based on the evaluation of the customers’ default risk. http://www.businessdailyafrica....14/-/uotnai/-/index.html
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:Another day to pile up the diamond,so help me God. My cash is tied up!! I would be the highest bidder today until i buy my lot, praying it stays there for while, but i do not see it. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Lol the first thing I see when I open Wazua is this thread being kept active by one person who is re-sharing old news. @mweke needs to relax this stock will go up. Yesterday it breached a key support level of Ksh14 thus the steep fall. Buyers & sellers are active at this levels. Buyers need to overpower sellers for the stock to move up otherwise it will get punished further since nobody wants to be stuck in a falling bus in a bull market. Its not all about fundamentals all the time. When you buy a stock be prepared for it to fall the way you expect to go up otherwise no need for sleepless nights if you are sure you made the right investment.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal, this thread is trending on wazua sprit
to educate, inform, learn from others; within the limit of what we know, in any chosen area irrespective of our differences.
.... and personally i've learnt a load of things from others.
So, snap out of that cocoon you are in!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:@the deal, this thread is trending on wazua sprit
to educate, inform, learn from others; within the limit of what we know, in any chosen area irrespective of our differences.
.... and personally i've learnt a load of things from others.
So, snap out of that cocoon you are in! It reminds me alot of kcb at 15.00 we know how that turned out. @ the deal. The only sleepless nights at present are wondering how to buy more. up and down mvements are temporary The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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2 days later my dividend lands pap by post.what a morale to buy more! "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 8/14/2010 Posts: 28 Location: Limuru
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@mwekezaji, who are the share registrars of HFCK? Could you please provide their contacts? Thanks. L-TOWNS OWN SINCE '90
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