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Deacons slides to KES 38m loss FY12
muganda
#11 Posted : Monday, June 17, 2013 5:19:33 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Pardon where my memory fails, but is there a stock with such a litany of broken promises:
- IPO within a year
- vibrant OTC trade at CDSC
- venturing into school uniforms
- looking to make new like acquisitions
- new target market segment of middle income

Well heck, it was a private placement spoof. By Wahome and Desimone no less. What the hell was I thinking?

mwekez@ji
#12 Posted : Wednesday, June 19, 2013 12:09:43 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji
#13 Posted : Wednesday, June 19, 2013 12:22:04 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Would like to know how much these Deacons shares are trading at following the massive dilution (completion of the joint venture with Woolworths SA). Somebody in OTC? The current shareholders are really screwed!
VituVingiSana
#14 Posted : Wednesday, June 19, 2013 12:31:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Uchumi is for the masses. Buy 'em cheap, pile 'em high, sell 'em cheap... And hopefully don't sell 'em too cheap!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#15 Posted : Wednesday, June 19, 2013 1:15:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
Uchumi is for the masses. Buy 'em cheap, pile 'em high, sell 'em cheap... And hopefully don't sell 'em too cheap!


CBS VVS, expound pls. dint get that
VituVingiSana
#16 Posted : Wednesday, June 19, 2013 8:40:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
mwekez@ji wrote:
VituVingiSana wrote:
Uchumi is for the masses. Buy 'em cheap, pile 'em high, sell 'em cheap... And hopefully don't sell 'em too cheap!


CBS VVS, expound pls. dint get that
It's an American thing... Walmart style or discount store... Instead of catering to the snooty classes, you pile 'em high [so none of the Deacons style 10 shirts making 100% gross margins] & sell 'em cheap [make 20% but stock 100 shirts]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
the deal
#17 Posted : Wednesday, June 19, 2013 8:52:33 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
Uchumi is for the masses. Buy 'em cheap, pile 'em high, sell 'em cheap... And hopefully don't sell 'em too cheap!


CBS VVS, expound pls. dint get that
It's an American thing... Walmart style or discount store... Instead of catering to the snooty classes, you pile 'em high [so none of the Deacons style 10 shirts making 100% gross margins] & sell 'em cheap [make 20% but stock 100 shirts]

Simple: Kenya is not SA, Nam or Bots...middle class here is still small...spending power still small...and the pricing....they wont make it!
mwekez@ji
#18 Posted : Wednesday, June 19, 2013 8:55:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
VituVingiSana wrote:
Uchumi is for the masses. Buy 'em cheap, pile 'em high, sell 'em cheap... And hopefully don't sell 'em too cheap!


CBS VVS, expound pls. dint get that
It's an American thing... Walmart style or discount store... Instead of catering to the snooty classes, you pile 'em high [so none of the Deacons style 10 shirts making 100% gross margins] & sell 'em cheap [make 20% but stock 100 shirts]


Cheer CBS. I get now it ;-)
VituVingiSana
#19 Posted : Thursday, June 20, 2013 12:19:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@mwekezaji

http://www.cookbrothers.com/
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mwekez@ji
#20 Posted : Thursday, June 20, 2013 8:57:04 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:


;-) stack em deep and sell em cheap
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