Bugatti wrote:Guys=4 me i caution you not to buy the shares otherwise it will end up like Everedy paka
based on the folowing
1)How many of you or people buy clothes from these shops.(for me i cannot since i dont like put on something which everyone will end up having on the streets kama Kenya uniform)
Most people prefer mitumba coz they are unique in fashion
ANSWER: Just like you don't like wearing 'uniform', there are people who prefer new clothes. As the economy grows, Kenyans become richer, the disposable income also increases. Hii pesa itajipata Deacons.
Prices for the same clothes are too high for nothing
ANSWER: This is relative. Others believe cheap is expensive.
3)Hata wakileta kwa IPO i will never touch the same.If the prices of BBK,Centum,NIC which are shares i own and are from reputable blue chip companies are stagering Deacons ni nini?Nani atanunua.If you guys are wise investors i think this is not a share to discuss!!!!
You cannot compare Deacons with Eveready. Deacons actually has a market to serve. And this market will get larger in the coming years. Their expansion strategy is also laudable. It is also the first of its kind on the NSE. With Uchumi also to return soon, this is great for the NSE as people get to invest in different sectors of the Kenyan economy
GOD BLESS YOUR LIFE