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Deacons HY 2011 results
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VituVingiSana
#21 Posted : Wednesday, August 03, 2011 11:25:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Oh, well... we will see in a 2-3 years. I invested a little in it. Not sure why ;-) but I based it on what I saw as 'potential' growth that I saw for Gap while in the USA.

Gap had multiple brands like Old Navy, Gap, Banana Republic, etc [Different scenarios also apply!]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Thiong'o
#22 Posted : Wednesday, January 18, 2012 5:16:09 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
With current bear run Deacons still plan listing.
http://www.capitalfm.co....g-on-the-nse-this-year/
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Cde Monomotapa
#23 Posted : Wednesday, January 18, 2012 6:47:40 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Thiong'o wrote:
With current bear run Deacons still plan listing.
http://www.capitalfm.co....g-on-the-nse-this-year/

Let it be done.
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QW25081985
#24 Posted : Wednesday, January 18, 2012 7:18:59 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
another britak in the making ! i hope wazuas have learnt the disadvantage of rushing into ipos !!!!!
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sizzla
#25 Posted : Thursday, January 19, 2012 7:36:57 AM
Rank: Member

Joined: 6/10/2006
Posts: 201
Location: Nairobi
KenyanLyrics wrote:
the deal wrote:
@KenyaLyrics Deacons sales per square foot is Sh7680 Do you know how much one pair of jeans cost in Woolworth or Mr Price Deacons? Also remember they have 25 mega shops across E.A. Please next time you window shop check the prices too or buy something...LOL...read more here http://www.contrarianinvestingkenya.info

I just find it strange that such an empty retail store has actually reached IPO stage. Stranger still, no Wazuans seem to be asking questions about it...


@KenyanLyrics i concur that the customer numbers aren't that impressive but believe me, 10 serious customers can easily clock 1m in daily sales at a single Woolworths Store (Sarit and Yaya).

I actually had a brief stint with them back in 2006 and i can attest that the prices are slightly more than triple the purchase cost.
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jaggernaut
#26 Posted : Thursday, January 19, 2012 10:31:26 AM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
the deal wrote:
@KenyaLyrics Deacons sales per square foot is Sh7680 Do you know how much one pair of jeans cost in Woolworth or Mr Price Deacons? Also remember they have 25 mega shops across E.A. Please next time you window shop check the prices too or buy something...LOL...read more here http://www.contrarianinvestingkenya.info


I don't know when someone will adopt the 'Equity model' in the clothes business. I believe there's a huge market for new clothes but the prices quoted in those stores in the malls are just ridiculous. As someone has said items are priced upto 3 times the cost price. Why can't we have stores selling clothes at prices that many can afford. For those who have been to the UK I mean something akin to the chain store 'Primark' or 'TK Maxx' where you can get clothes at very affordable prices e. g. a nice pair of jeans at £5 or a polo shirt at £3. A single Primark store handles thousands of customers per day and stores are located in all towns in the UK so you can imagine their sales per day.
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  | | Edit by user: Thursday, January 19, 2012 11:04 AM | Reason: Not specified
youcan'tstopusnow
#27 Posted : Thursday, January 19, 2012 2:02:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
jaggernaut, yes. There is a market dying to be explored.
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#28 Posted : Sunday, February 12, 2012 12:39:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Deacons to close shop in Tanzania over endless losses
http://www.theeastafrica.../-/hu89f3z/-/index.html
GOD BLESS YOUR LIFE
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  | | Edit by user: Sunday, February 12, 2012 12:41 PM | Reason: Not specified
youcan'tstopusnow
#29 Posted : Sunday, February 12, 2012 1:05:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kwani the feasibility study, if any was done, didn't highlight all the difficulties of operating .in a market like Tanzania?Sad
GOD BLESS YOUR LIFE
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guru267
#30 Posted : Sunday, February 12, 2012 3:58:42 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
Deacons to close shop in Tanzania over endless losses
http://www.theeastafrica.../-/hu89f3z/-/index.html


Great move... Tanzania is an investors worst nightmare... Without these losses profits should shoot up wildly...
Mark 12:29
Deuteronomy 4:16
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