In business, the adage I'd testify to is 'good news travels fast, and bad news slithers'

So on page 5 of Business Daily, Deacons Half Year 2011 results, much earlier than their last results...
Showing 38% growth in turnover, leading to a 51% growth in profit before tax (73% after tax) backed largely by the new store revenue (4 new ones).

So only thing to look up to is another 4 planned new stores by end of 2011.



Sad to see EPS decline from 1.51 to 1.45 due to the increase in new ordinary shares. This share would be pummelled if it was introduced to the market Now.

Analysis of those Deacons numbers coming here http://contrarianinvestingkenya.info

You are welcome, i'm looking at their numbers now...but if you are a shareholder please tell them to be disclosing more info i.e cash flow statement sawa

sawa. I am a shareholder. This will be passed on at the appropriate time

operating margin/net profit margins are all the same...Deacons should disclose more info on their operations..i would have given you more insights...i was keen on their cash flow statement sadly it was nowhere to be seen...inventories compared to revenues sheds more light I.e margins could be low cos deacons is forced to clear stock at giveaway prices indicating issues with the pricing...margins could be low due to high fixed costs I.e rent...loans...do you want me to go on.......

Ok net profit margins it is...Olympia and Deacons have the same net profit margins...Olympia sells building materials...Deacons sells Clad...

@KL - Which stores do you go to? And when?

These stores depend on traffic from specific 'clients' who shop at certain times...

I pass by the Deacons stores in Village Market, Westgate, town and Sarit regularly, and occasionally see the ones in Junction and Prestige. I have never seen more than 10 customers in a store at any given time. The busiest one I've seen is the Mr. Price in town, which has moderate, but steady walk-in traffic.

Comparing this to my experience with clothes stores from abroad, the traffic in those stores was like a feeding frenzy! People leaving with hands full of bags, lining up outside the store in the morning... I remember during my short tour, how once I had to settle for a small size Grant Hill basketball jersey, because the XXL ones were sold out. Another time during winter I found it hard to find those puffy jackets in the store cause they were sold out. This experience of mine just makes me wonder where Deacons are getting their money from, because it doesn't seem to me like they have a good amount of walk-in traffic :-/

I so disagree.



..apparently they are turning to Baby wear and accessories in a big way.. the franchise deal confirms the rumor
http://www.businessdaily...8/-/rr9b87/-/index.html
..a walk down biashara street lets you know how much business comes with babies!! when was the last time you saw Napkins?? A shop in buru is stocked only with diapers!!

Theyre not doing Ok...theyre struggling to do OK...bdw buying Deacons at Sh62.5 is a rip off...