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Home Afrika

Buy Home Afrika stocks

Home Africa (NSE: HAFR) Stocks

What is Home Afrika Limited?

Home Afrika Limited Ord 1.00 (Home Afrika Limited) is a Kenya-based company that traces its history to 2008 when it was incorporated by real estate practitioners and professionals, initially starting as an investment group before incorporating the company as a fully-fledged limited liability company.

Home Afrika Limited is involved in property development where housing and commercial properties are concerned. Home Afrika Limited has an extensive portfolio of properties that include:

  • Morningside Office Park
  • Migaa
  • Mitini Scapes
  • Tamarind Tree Residence
  • Lakeview Heights
  • Llango

 

The Morningside Office Park has more than 30 office suites, conference facilities, and 200 Two-level parking spaces on a basement, lower ground, and rooftop garden level. Migaa is a gated community that was developed and integrated with a Golf Estate on more than 770 acres of land in Kiambu.

Mitini Scapes is a housing development project that is spread across the Migaa Golf Gated Estate, with Tamarind Tree Residence a contemporary residence on 10 acres of land. Tamarind Tree Residence contains 300 furnished apartments while Lakeview Heights is a mixed-use development.

Lakeview Heights is located on RIAT Hills in Kisumu County, and it spreads across 90 acres. Llango is another mixed-use development that is based in Tiwi, Kwale, spread across 200 acres of land.

Home Afrika Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol HAFR. Today, Home Afrika Limited forms part of the Real Estate Operations Industry and the Financials sector.

The executive leadership of Home Afrika Limited consists of Linus Wang’ombe Gitahi as the Non-Executive Independent Chairman, Peter Mungai as the Non-Executive Chairman of the Board, Dan Ochieng Awendo as the Founder, Managing Director, and the Executive Non-Independent Director, and Joshua Kihoro as the Chief Financial Officer.

 

Home Afrika Limited Performance

The current share price for Home Afrika Limited stocks is 0.37 KES and the company has a total market capitalization of 158 million KES, with a P/E ratio of -0.57 KES and earnings per share of -0.68 KES, and a total of 405 million shares outstanding.

In an analysis of financial data, Home Afrika Limited showed significant decreases in profits for the 2022 mid-year period that ended in June. Gross profits/(loss) was (3.71) million KES, down from the 52.44 million KES that was reported for December 2020.

The revenue that Home Afrika Limited reported was 28.20 million KES, down from the 269.10 million KES reported for December, with operating income/(loss) of (147.94) million KES and Net income after taxes of (222.84) million KES.

The diluted EPS excluding ExtraOrd items was (0.45) KES, with diluted normalised EPS of (0.45) KES for the period, which means that those who want to buy or sell HAFR shares may not receive any dividends or returns for the period because of the poor performance in finances.

According to an analysis on the live chart of HAFR, it is difficult for analysts to forecast whether Home Afrika Limited will improve on its financials. HAFR stocks show short-term and long-term decreases in the value of up to 7.14% year-to-date, which does not bode well for existing or prospective shareholders.


Highlights of Home Afrika Limited in 2022

Home Afrika Limited started the year with a share price of 0.42 but it has since lost 7.14% from this initial price valuation, ranking it 46th on the Nairobi Securities Exchange where year-to-date performance is a concern, adding to investors’ worries about the forecast on share performance short-term as well as long-term, especially where dividends and returns are concerned.

Home Afrika Limited is the 21st most-traded stock on the Nairobi Securities Exchange. During the past three months, HAFR stocks have experienced a trading volume of 5.07 million shares, closed in 959 deals, with a combined value of 1.95 million KES.

The average number of shares traded in each session was 110,324 during the period and HAFR achieved a trading volume high of 666,800 at the end of August, with a low of 1,000 experienced at the beginning of August.

Over the past 10 trading days, HAFR stocks have experienced trading volumes that range between 4,500 and 166,1000 shares, which shows that there is enough liquidity in the stock market for those who want to buy or sell HAFR stocks.

 

How to buy Home Afrika Limited stocks Step-by-step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade HAFR stocks, traders and investors can follow these simple steps:

  • Find the share that you want to purchase, in this case, “HAFR”.
  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Make your first share purchase through the broker.
  • Build and diversify your portfolio when you buy more shares.


FAQ

 

What type of company is Home Afrika Limited?

Home Afrika Limited is the only publicly traded developer in Kenya, involved in real estate development in both housing and commercial properties across the region.

 

In which industry and sector does Home Afrika Limited operate?

Home Afrika Limited forms part of the Real Estate Operations Industry and the Financials sector.

 

On which stock exchange does Home Afrika Limited have shares for sale?

Home Afrika Limited trades its equity on the Nairobi Securities Exchange (NSE) under the stock symbol HAFR.

 

What is the price of HAFR shares today?

The current price of HAFR shares is 0.37 KES .

 

Is Home Afrika Limited a good investment?

No, Home Afrika Limited is currently not a feasible investment option because of poor share performance as well as significant decreases in overall financial performance for the past 6 months. While trading volumes are strong, HAFR shows substantial decreases in value over the short- and the long-term.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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