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Home Afrika Limited (NSE: HAFR)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

Overview of Home Afrika Limited

Home Afrika Limited is a leading Kenya-based real estate company listed on the Nairobi Securities Exchange (NSE). Home Afrika Limited is involved in the development and sale of real estate properties.

As property development company Home Afrika Limited provides quality, sustainable and affordable housing for communities in Kenya and other countries in the East Africa sub-region. These include.

Today, Home Afrika Limited’s portfolio of products and services are diversified in more sectors of the financial value chain and include the following: residential and commercial buildings, housing developments, golf estates and hotel apartments. The company supplies housing projects through alliance partnerships with government, private sector and development partners.

The history of Home Afrika Limited goes back to 2008 when it was founded, and it was listed on 1 January 2013.

Home Afrika Limited has its head offices at Morningside Park, Ngong Road near Adams Arcade, Nairobi.

Home Afrika Limited constructs homes in Tanzania, Rwanda, Angola, Zimbabwe, Nigeria and Ghana. These markets are covered by regional offices in Nairobi, Johannesburg and Abuja, Karuri.

Dan Ochieng Awendo id the founder, managing director and executive non-independent director of Home Afrika Limited

Home Afrika Limited’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol HAFR.

Home Afrika Limited forms part of the Financials Sector of the Nairobi Securities Exchange (NSE).

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Home Afrika Limited Logo

Home Afrika Limited Stock Performance

The current price for Home Afrika Limited stocks on the Nairobi Securities Exchange (NSE) is 0.39 Kenyan Shilling (KES).

An analysis of financial data of Home Afrika Limited showed that the company has a total market capitalisation of 158 Million KES, with a Price/Earning ratio of -0.57 and earnings per share of -0.68 KES.  A total of 405 Million shares were outstanding.

Home Afrika Limited showed decreases in profits for the 2021 mid-year period that ended in June.

Home Afrika Limited reported revenue of 28.20 million KES, down from 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.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Home Afrika Limited stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Home Afrika Limited, analysts forecast further improved performance for the Financials sector with market share growing as trading volumes increase.

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Highlights of Home Afrika Limited in 2021

Home Afrika Limited started the current financial year (2021) with a share price of 0.42 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has lost 7.14 % in value on its price valuation, ranking 46th on the NSE where its year-to-date performance is concerned.

Home Afrika Limited is currently the 21st most-traded stock on the NSE and it has experienced a total trading volume of more than 5.54 million shares, which were finalised in 967 deals and were valued at a total of 2.11 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 87,897 shares in each trading session.

During the same period a volume high of 669,800 was achieved on 30 August.

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 participating daily. To buy, sell or trade Home Afrika Limited stocks on the Nairobi Securities Exchange (NSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “HAFR”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. 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 plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

 

FAQs

The Nairobi Securities Exchange (NSE)was established in 1954 as the leading stock exchange in East Africa and offers world class trading facilities for local and foreign investors looking to gain exposure to the country’s rising economy.

The bourse is based in the capital of Kenya, one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya and is overseen by a board of directors. In 2014, the NSE demutualised and became listed on the main board of its own exchange.

In 2011, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices for the creation of index tracking funds and derivative products and as performance benchmarks.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.