Where the hell are they going to get the extra deposits? Govt is swallowing all the extra cash. Whatever little is left akina KenGen want to take. I seriously doubt that they can keep this gwroth up.

This is one counter I have never understood and wouldn`t touch it with a 10ft pole.

HFCK gradually has attracted a lot of attention from the market because of what Equity and Co have done. But unless one wants to hold on to it for a really long time it is not a counter to entertain. Escape when you can. Won't get in now even at 5/-

RUCHWARSTEVE -super surfing

There is no question that there is a lot of potential in HF. As some of you have observed,this is what JM of Equity and Britak/BAAM have latched onto. The question is how soon how can this potential be realised? Given the supply side constraints of housing in the country it is great to see the innovations coming through such as Makao to enable the lower middle class develop their own houses.

However,my own view is that we need to see something more RADICAL coming from Housing/Equity. For instance,why can't Equity TAKEOVER Housing? As they already own 24.9% while BRITAK has a 7.5% shareholding (which in turn owns 11.32% of Equity),it would only require them to buy an additional 18.6% to gain control. At current prices this would only require Kshs 642 million. However,the deal would not necessarily even require cash - as they could arrange a share swap. I believe that most HF shareholders would willingly exchange their shares for Equity Bank shares. Similarly,BRITAK/BAAM could cede their shares in HF to Equity Bank for more shares in Equity.

If such a deal were to happen,the benefits of HF alignment with Equity would crystallise much faster. While HF could continue as a separate brand,they would have access to much lower costs of deposits and would at the same time lower their operating expenses (due to sharing costs) while also accessing a much larger clientele. On the other hand Equity Bank would acquire a banking asset with the lowest Price to Book ratios among listed banks. This would also increase its Total Asset Base and leapfrog the likes of CoopBank and CFC Stanbic in size. The expertise garnered from HF's experience over the years could also come in handy as Equity expands across the region. A marriage made in heaven??


Opportunity calls but few respond.

how far up can this stock get

gladie

it all depends with the demand

work smart