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HF Group Plc (NSE: HFCK)

Nigel Firth
Nigel Frith trader
Updated 28 May 2024

What is HF Group Plc

HF Group Plc was previously known as HF Group Limited and is a holding company involved in mortgage lending, provision of corporate and retail banking, property development and bancassurance services.

HF Group Plc’s history started in 1965 when it was established to promote a savings culture and home ownership among the citizens of the newly independent Kenya. Some of the major investors in the new company were the Commonwealth Development Corporation (CDC), whose shareholding at one stage was as much as 60%, and the Government of Kenya, which also owned 50% of the company. CDC has since divested from Housing Finance Limited and the Kenyan Government has significantly reduced its shareholding too.

The Housing Finance Company of Kenya listed on the Nairobi Stock Exchange in 1992 and started to trade under the symbol HFCK. In 2002 the company adopted the name of Housing Finance Limited (HFL).

In 2014, HFCK started a restructure of its operations and the integration of a new wholly owned subsidiary under the name “HFC Limited” and transferred the company’s banking and mortgage finance business to the newly incorporated subsidiary, HFC Limited.

HF Group Plc has its headquarters in Nairobi, Kenya.  The current CEO of HF Group Plc is Robert Kibaara and the company forms part of the Mortgage Banking Industry, Banks Sector.

Today, HF Group Plc has a differentiated portfolio and operates through two segments: Retail and Corporate. The retail segment is split into Retail mortgages consisting of Retail loans and advances and Retail deposits. The Corporate segment is split into Schemes mortgages, projects, including provision of lending to property developers for construction of residential houses for sale, construction of office blocks, schools, hospitals and other related infrastructure; short-term loans, and corporate deposits, aimed at sourcing for deposits from corporate organizations.

HF Group Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol HFCK.

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HF Group Plc

HF Group Plc Stock Performance

The current price for HF Group Plc stocks is 3.79 KES. The company has a overall market capitalization of 1,457.69 million KES. A total of 384.61 million shares are outstanding.

HFCK closed its trading day on Friday 10 September 2021 at 3.79 KES per share on the Nairobi Securities Exchange (NSE), showing a 1.6% gain over its previous closing price of 3.73 KES.

An analysis of financial data of HF Group Plc showed that profits increased from the first half of the year indicating a growth. With an increase of earnings per share and steady profits within the period, investors who want to buy or sell HF GROUP PLC stocks can be confident about profitable dividends and earnings in years to come.

According to an analysis on the live chart of HF GROUP PLC, some analysts forecast a further improved performance for the banks sector with its market share growing as trading volumes may increase.

Highlights of HF Group Plc in 2021

HF Group Plc started the current year with a share price of 3.32 KES, and it has grown 14 % in value on its price valuation, ranking the shares 17th on NSE due to its year-to-date performance.

HF Group Plc is currently seen as the 28th most-traded stock on the Nairobi Securities Exchange (NSE) since it has experienced a total trading volume of more than 1.71 million shares, which were finalised in 595 deals, and valued at a total of 6.56 million KES over a three months period from June to September 2021, with an average of 27,205 shares in each trading session. A highest volume of 352,000 was achieved on 27 August and the lowest of 200 on 16 August, in the same period.

HF Group Plc experienced a 52 week change of 2.86 KES to 5.48 KES.

How to buy HF Group Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade HF Group Plc stocks, traders and investors should follow a few easy steps:

  • 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 plan.
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  • Find the symbol of the share that you want to buy, in this case, ” HFCK “.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange is the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

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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.