Equity-hfck train. [Mwenyekiti]
Thursday, March 13, 2008 09:43
I also do think that HFCK is overpriced. It is currently trading on a P/E of over 50!. Even companies with phenomenon growth such as Equity itself (116%) and Access Kenya ( 300%) are at a P/E of 22 and 31 respectively. Even with expected injection of capital, dont expect supernormal growth until may be after 2years considering the motgage industry is slow as the growth rate is also controlled by availability of the so called lower end market houses,whic will not be build overnight. But then this is my view...
The right time to buy a share is when nobody wants it.
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fundamentals v/s speculation [jammo]
Thursday, March 13, 2008 09:25
@tmatekwa
@sober
HFCK has been largely in a holding pattern as it was starved of Capital for expansion. Equity Britak et al have taken a stake and are looking to put capital to work through HFCK into the mortgage market.
There is plenty of scope and Investors are getting in now at the ground floor....plus equity's already pointed whea they r directin bulk of the money arsenal they have n HFCK guys can't stop smilling
Bdaily today...equity is eyeing nyaga..
Rather than speculate on rights or no rights...fundamentally..with the relationship between the two..is HFCK healthier now or not?..do prices reflect these?
jammo-stocksfreak@kenyahiohio!!
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Equity-hfck train. [Sober]
Thursday, March 13, 2008 09:08
on HFCK it was because of the rumoured rights issue.
not the equity thing.
A ship in harbour is safe,but that is not what ships are built for. St. Bede
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Equity-hfck train. [tmatekwa]
Wednesday, March 12, 2008 15:10
This hfck shares seem to be over priced for nothing.
die trying
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