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HFCK HY 16
Realcement
#21 Posted : Wednesday, August 10, 2016 10:40:02 AM
Rank: Member


Joined: 7/21/2014
Posts: 100
Location: Ghana
Confirmed......
No interim dividend
Ericsson
#22 Posted : Wednesday, August 10, 2016 10:42:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Share price amongst the biggest losers today.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#23 Posted : Wednesday, August 10, 2016 10:47:56 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
Ericsson wrote:
Share price amongst the biggest losers today.

too early to conclude
"Don't let the fear of losing be greater than the excitement of winning."
Realtreaty
#24 Posted : Wednesday, August 10, 2016 11:51:18 AM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
Interim Dvdd kept for us in the freezer Sad Sad !!!
Aguytrying
#25 Posted : Wednesday, August 10, 2016 2:23:02 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
The lack of interim has spooked the market. Its not business as usual in company
The investor's chief problem - and even his worst enemy - is likely to be himself
wukan
#26 Posted : Wednesday, August 10, 2016 3:44:35 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
The forward P/E at this price level is good news. But in a bear good news is sold
nzalela
#27 Posted : Wednesday, August 10, 2016 3:46:46 PM
Rank: New-farer


Joined: 4/11/2016
Posts: 30
Location: Nairobi

How does this loan loss provision work? Your bad loans go up by 1.2 billion but your loan loss provisions only go up by 21.6 million??????

They provision 305 million for bad loans worth 5.3 billion that is 5.75% while in the same market other banks like Barclays cover their bad loans with 30% loan loss provisions. Their collateral is not selling fast enough because of a slowing down real estate market and to make it worse a 7 billion bond redemption is due next year.

May God be with HFCK shareholders.
Pesa Nane
#28 Posted : Wednesday, August 10, 2016 6:50:48 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
littledove wrote:

they also have a bond which is due for payment next year


Bond money sitting in T-Bills earning a decent income


Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#29 Posted : Wednesday, August 10, 2016 6:57:00 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
You can always know what shares one holds based on posts on wazua. smile

Though I support Bwana Marangu fully on HFCK.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Boris Boyka
#30 Posted : Thursday, August 11, 2016 7:02:27 AM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Angelica _ann wrote:
You can always know what shares one holds based on posts on wazua. smile

Though I support Bwana Marangu fully on HFCK.

Laughing out loudly Laughing out loudly Laughing out loudly @Anne You're hitting @Realteaty hard Long time how are you?
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
hisah
#31 Posted : Thursday, August 11, 2016 3:53:22 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Rosy results brushed aside by Mr Market as HF breaks out of the descending triangle on the 3 month cartoon. Breaking below the 19.00 handle support opens up a test of 15.00 handle and lower depending on the expected sharp plunge. Triangle/wedge breakouts are powerful thrust moves!

NBK had a similar setup last year with 15.00 as the support handle. When it caved in the sharp plunge sent the price sub 10 in a rush.

This bear has a big appetite for financials!!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
lochaz-index
#32 Posted : Thursday, August 11, 2016 5:02:34 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
hisah wrote:
Rosy results brushed aside by Mr Market as HF breaks out of the descending triangle on the 3 month cartoon. Breaking below the 19.00 handle support opens up a test of 15.00 handle and lower depending on the expected sharp plunge. Triangle/wedge breakouts are powerful thrust moves!

NBK had a similar setup last year with 15.00 as the support handle. When it caved in the sharp plunge sent the price sub 10 in a rush.

This bear has a big appetite for financials!!

The bear frequently hands this stock a good beat down any time it visits town. I would expect no different this time around. In fact I have been surprised it has managed to hang on for so long near 20.

Hfck also happens to have a thinner liquidity ratio than Nbk! Its business model is different from the normal banks but a 1% margin borders on dangerous living.

What happened to the mortgage case where a borrower had a claim of 700m+ against hfck? Was it settled out of court (doesn't seem so) or did hfck appeal the decision?
The main purpose of the stock market is to make fools of as many people as possible.
Ericsson
#33 Posted : Friday, August 12, 2016 12:56:52 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Eish stock price at 17.45.
More than 10% drop since release of half year results on Tuesday.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
kimanimsc
#34 Posted : Friday, August 12, 2016 1:09:37 PM
Rank: Member


Joined: 5/4/2015
Posts: 241
Location: Kahno
Ericsson wrote:
Eish stock price at 17.45.
More than 10% drop since release of half year results on Tuesday.


Low @ 16.75
Supply @ 17.00
demand @ 16.80
obiero
#35 Posted : Friday, August 12, 2016 1:42:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
obiero wrote:
Othelo wrote:
obiero wrote:
lochaz-index wrote:
obiero wrote:
littledove wrote:
Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing

check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses

Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields.

Co-sign

I like that, being smoked out smile

The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies

I will not be shocked to see KES 15

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
mlennyma
#36 Posted : Friday, August 12, 2016 1:49:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
obiero wrote:
obiero wrote:
Othelo wrote:
obiero wrote:
lochaz-index wrote:
obiero wrote:
littledove wrote:
Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing

check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses

Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields.

Co-sign

I like that, being smoked out smile

The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies

I will not be shocked to see KES 15

it might settle at 12
"Don't let the fear of losing be greater than the excitement of winning."
Ebenyo
#37 Posted : Friday, August 12, 2016 1:56:03 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
obiero wrote:
[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing


They need to save kshs 10 bilion to give back to the bondholders as maturity is next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit.Maybe traders have factored this in mind and thats why the price have dipped.
Towards the goal of financial freedom
hisah
#38 Posted : Friday, August 12, 2016 2:29:46 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
lochaz-index wrote:
hisah wrote:
Rosy results brushed aside by Mr Market as HF breaks out of the descending triangle on the 3 month cartoon. Breaking below the 19.00 handle support opens up a test of 15.00 handle and lower depending on the expected sharp plunge. Triangle/wedge breakouts are powerful thrust moves!

NBK had a similar setup last year with 15.00 as the support handle. When it caved in the sharp plunge sent the price sub 10 in a rush.

This bear has a big appetite for financials!!

The bear frequently hands this stock a good beat down any time it visits town. I would expect no different this time around. In fact I have been surprised it has managed to hang on for so long near 20.

Hfck also happens to have a thinner liquidity ratio than Nbk! Its business model is different from the normal banks but a 1% margin borders on dangerous living.

What happened to the mortgage case where a borrower had a claim of 700m+ against hfck? Was it settled out of court (doesn't seem so) or did hfck appeal the decision?

Was that case concluded? If not, then the bear still has some mauling to do on this counter Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Pesa Nane
#39 Posted : Friday, August 12, 2016 8:12:44 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
kimanimsc wrote:
Ericsson wrote:
Eish stock price at 17.45.
More than 10% drop since release of half year results on Tuesday.


Low @ 16.75
Supply @ 17.00
demand @ 16.80 smile

Batch 2, Check!
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#40 Posted : Friday, August 12, 2016 8:20:24 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ebenyo wrote:
obiero wrote:
[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing


They need to save kshs 10 bilion to give back to the bondholders as maturity is next year Last Quarter of next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit Bond repayment cash is sitting on govt. paper ready to settle. Ksh. 3.7Bn.Maybe traders have factored this in mind and thats why the price have dipped.
Pesa Nane plans to be shilingi when he grows up.
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