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Deacons IPO.. public share offer?
muganda
#71 Posted : Tuesday, November 30, 2010 5:38:18 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@gathinga
1. Whole offer is a public offer requiring Capital Markets Authority as detailed in Info Memorandum. So extension naturally requires their permission

2. CDSC Registrars is a wholly owned subsidiary of CDSC that aims to leverage its system to serve other markets and OTC e.g. Rwanda. Touted as an advantage when listing of shares occurs in over 1 yrs time

3. I hear some funds/foreigners needed a bit more time. But this extension, considering they had initially warned of early closure of offer, does require an open mind to swallow.

I decided to buy a few. It so happens, like advertising I have a love for fashion. And what is life if not lived with some passion...
VituVingiSana
#72 Posted : Tuesday, November 30, 2010 9:01:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
@muganda's explanation is the same one I got... I picked up a few too... Why not?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwanahisa
#73 Posted : Wednesday, December 01, 2010 4:19:21 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I looked at this one and I think it holds some promise. But in a world of scarce resources and many investment choices, I decided to give it a miss. I will however be following up on it on the OTC market in future.
Bugatti
#74 Posted : Wednesday, December 01, 2010 4:36:07 PM
Rank: New-farer

Joined: 10/14/2010
Posts: 50
Location: Nairobi Kenya
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

2)Prices for the same cothers are too high for nothing

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!!!!
kasheshe
#75 Posted : Wednesday, December 01, 2010 4:59:11 PM
Rank: New-farer

Joined: 8/6/2010
Posts: 26
For me this share has the same characteristics as the Scangroup IPO. The first in fasion like Scangroup was to advertising. I have looked through their expansion plan and their accounts and decided i wont die to pick up a few. After all everything in life is a risk and the shares are only 32m with very reputable anchor investors like Sedfund, Aureos and Baba Jimmi!
Lifestyle is changing and they are going big on the regional market.Applause
youcan'tstopusnow
#76 Posted : Wednesday, December 01, 2010 7:34:59 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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
VituVingiSana
#77 Posted : Wednesday, December 01, 2010 10:13:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Some folks thought that 24hr Nakumatt stores would not survive... Now there are all over including Mombasa & Kisumu...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
alikujia
#78 Posted : Wednesday, December 01, 2010 10:37:06 PM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
do they have exclusive distribution for those SA designs? Hope they are not going to create a fashion hype only to endup opening the eyes for the mitumba importers to dump the same at very affordable price.

I think the investor bug is quite tinklish,... dont know if its the right word -- but otherwise how would you explain pple going for deacons when they have over half of the 50 alternatives at nse at very good prices, at the moment, including the kplc.

But its good because we need more companies to list
alikujia
#79 Posted : Wednesday, December 01, 2010 10:40:14 PM
Rank: Member

Joined: 5/27/2010
Posts: 324
Location: nrb
Wazua admin, i cant scroll down down the box when typing a new message/reply. is that problem unique to my setup?
muganda
#80 Posted : Tuesday, December 07, 2010 4:44:05 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
I see a quarter-page advert on pg 27 Daily Nation - no refunds! with 87% of the offer taken up to raise Kes 700m.

Category
Staff took up 100% of their pool
Individual and corporate took up 108% in their pool

Qualified institutional investors come in at 75%
Existing shareholders responded with 79%


I was in the individual pool, and I don't get a refund. Can't help wondering whether the result in the more informed category pools is something to worry about? buyers remorse

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