so who are the brokers for this private placement?

Kestrel Capital; prospectus available from tomorrow; launch was today.
Listing in 12 months is ambitious though, too ambitious perhaps.

Let me say also that we need to give @obiero a break man. Judge comments made without prior reference to his other posts.

http://www.youtube.com/watch?v=REG_CKoVlb0 - Muchiri's interview on ABN about the Deacons IPO.

Lets give the man obiero a break and lets get back to the issue mentioned in the title aka DEACONS. Facts n figures thats what we need.

@Obiero

Go guy, let them know the truth. We Africans of low intelligence compared to the others killed our cotton industry by allowing in second hand cloths, people lost jobs, poverty multiplied, gangsters became more and someone here dares defend second hand clothes?

Why wont Kenya export second hand shoes, spoons and books to Mexico, US etc.

Kenyans today even buy second hand underwear (Menyereri, Sindilia, Shikilia, Kamata, Bikers, Scooters, socks, kazas, bottom bulger, hip band, slimming belt, Cellulite smoother, boobs cage,....). We buy second hand cars. Soon, we will import second hand food. So, can we simply agree we are the second hand generation?

We even think in a second hand manner. Ati we cannot elect a poor man cauze he will spend more time enriching himself.

The truth, the rich (those who mostly got rich through ill gotten wealth) will device all means to ensure the poor remain poor so that they can have more cheap labour available, more easy to buy voters, more rich-guy worshipers, more boot lickers, ........

Instead of thinking how we can all be rich so that we don't buy second hand cloths, we ask for more cheap things (I agree some second hand cloths have better quality than local products) so that we can save the money for (you name it) beer, sodas, bottled water, quencher, cigarettes and other things that destroy your health.

What was that in the media yesterday? That Kenya has lost 250 billion in the Goldenberg and other scandals. Enough money to kick start Kenya for
the millennium goals and vision 2030. Was it not the rich who were on watch when the money disappeared? Actually, the poor, if he was to steal, would go for small money, the rich have been going for billions. Hallo, its control mechanisms that matter, not whether you are rich or poor.

Deacons IPO is a good idea but why bring it at the same time as KPLC rights.

I have dealt with Muchiri Wahome before at Norfolk towers and Sarit. He is not one of the best in the clothing industry and investment strategy. Actually, he is a short sighted CEO but hardworking.

What matters however are the simple questions you would ask before you throw your money around.

1. Usually, people buy into your company after it has shown ability to generate profits. If Deacons has been making good profits, why has it not used the same to expand quickly before floating the same to the market?

2. Why use other people's funds to prop up the company and then quickly bring it to the stock exchange?

It means, someone wants to call it quits before things are bad.

It also means someone has realized that the NSE has a considerable chunk of blind investors who it can rip from.