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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 12/4/2009 Posts: 10,715 Location: NAIROBI
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obiero wrote:Ericsson wrote:Loss of ksh.95mn in HY2019 Very big improvement, but that information needs a link verification. Seems too good to be true Loss of ksh.94.314mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,715 Location: NAIROBI
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McGill wrote:Ericsson wrote:Loss of ksh.95mn in HY2019 Where did you get this? Confirmed Loss of ksh.94.314mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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Back from the dead? 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,910
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Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...262568-3lx2lp/index.htmlIn 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: 3/9/2010 Posts: 320 Location: kenya
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[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info 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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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 12/4/2009 Posts: 10,715 Location: NAIROBI
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Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,910
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Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. 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: Veteran Joined: 7/3/2007 Posts: 1,634
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Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? I get abit suspicious when a company that was going down the drain suddenly starts pumping out good news.Maybe I've been in the NSE for far too long.
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Rank: Chief Joined: 1/3/2007 Posts: 18,139 Location: Nairobi
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Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,715 Location: NAIROBI
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VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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cyruskulei wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. A rally building up. If only they report a profit in Q3 then sky is the new floor
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:cyruskulei wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. A rally building up. If only they report a profit in Q3 then sky is the new floor What is exchange bar whispering? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:cyruskulei wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. A rally building up. If only they report a profit in Q3 then sky is the new floor WARNING: It could be the last nail on the casket after final rites by the usual morticians. Nothing to celebrate here. Those who have made some money on this last rally dump and run & run. #Bitcoin is the safest haven right now.  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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obiero wrote:cyruskulei wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. A rally building up. If only they report a profit in Q3 then sky is the new floor @obiero, your obsession with junk counters is worrying. Have you not learnt anything from KQ? Steer clear of zombies on the NSE
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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snifadog wrote:obiero wrote:cyruskulei wrote:obiero wrote:Ericsson wrote:VituVingiSana wrote:Wakanyugi wrote:Angelica _ann wrote:Ericsson wrote:Wakanyugi wrote:cyruskulei wrote:[quote=Angelica _ann]Looks like some good work going on after Ireri left. HF reduces bad loans by Sh2bn in 6 months https://www.businessdail...62568-3lx2lp/index.html[/quote] Demand is building up on this counter. I dont know if there are some good news coming? Any one with info Cleaning up the loan book etc? Looks to me like preparation for a sale or merger. HFCK is a good candidate, say for large retail bank looking to beef up its mortgage function. Meba are you listening? Meba not interested,was once there. Co-op might be a good candidate to snap it. Coop, with its governance and management structure, don't think would go for mortgage business full throttle. They are abit conservative to me , bordering on docile. They seem to be in some comfort zone. Of course Giddi's vision prevails x100. l Then it is likely to be an overseas bank, ala SBM. With licence issuing frozen, this is the only way for a multinational bank to enter the local market. Unless Diamond Trust finds the appetite? Can the DTB & HFCK culture easily mesh? SBM is still digesting Chase. Does it really want to take another bank with dirty books? Unless it is a 100% buyout, why deal with 1000s of shareholders? Acquisition of HFCK will most likely be a 100% buyout that will lead to delisting It doesn’t seem like a fully distressed bank going by its bond repayment record There are lots of possibilities on this counter. Remember they created recently 500m new ordinary shares. They could be up for grabs to the best investor. A rally building up. If only they report a profit in Q3 then sky is the new floor @obiero, your obsession with junk counters is worrying. Have you not learnt anything from KQ? Steer clear of zombies on the NSE I don’t have much to learn but to teach. Turnaround stocks make some people wealthy. It has happened in Kenya, in Africa, globally. It’s not a strategy for everyone, so I excuse your tantrum
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Housing Finance: HFCK a diamond in the rough
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