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Deacons E.A HY16 Loss
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Pesa Nane
#1 Posted : Friday, August 19, 2016 5:52:29 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Bad results, ugly presentation, poor formatting (what happened to fashion?)


Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Friday, August 19, 2016 6:10:50 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Performance:
Group Revenue up 8%
Revenue growth driven by Uganda ops and new KE stores at THE Hub and Garden City

Net Operating Margin: 48% thanks to supply chain efficiencies, better inventory management, favourable forex (SA Rand to Ksh)

Expenses up massive 19%
Expenses driven by development of 6 new stores in Kenya and Uganda, escalating rents

Higher finance costs due to high bank interest rates smile
However, "debt has subsequently been paid down"
Pesa Nane plans to be shilingi when he grows up.
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Gatheuzi
#3 Posted : Friday, August 19, 2016 6:26:57 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Tough business for them. In tough economic times "fashion" always takes a hit.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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mkate_nusu
#4 Posted : Friday, August 19, 2016 10:51:42 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Gatheuzi wrote:
Tough business for them. In tough economic times "fashion" always takes a hit.

very poor results. KQ and Mumias league
KEGN, KPLC, KQ, SCOM
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majimaji
#5 Posted : Monday, August 22, 2016 9:04:02 AM
Rank: Veteran


Joined: 4/4/2007
Posts: 1,162

Woolworths and Deacons, what is the difference?
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Pesa Nane
#6 Posted : Monday, August 22, 2016 3:16:36 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
majimaji wrote:

Woolworths and Deacons, what is the difference?

Deacons EA limited is the NSE listed company and had a stake in Woolworths Kenya Proprietary LTD. The 49% Woolworths (K) stake was sold of to Woolworths Mauritius in December 2015
Pesa Nane plans to be shilingi when he grows up.
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Realtreaty
#7 Posted : Monday, August 22, 2016 9:03:38 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,357
Laughing out loudly Laughing out loudly Laughing out loudly "NDIIKONI" Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
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Realtreaty
#8 Posted : Monday, August 22, 2016 9:11:09 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,357
majimaji wrote:

Woolworths and Deacons, what is the difference?



Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly one has WOOL while the other has BACONd'oh! d'oh!
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watesh
#9 Posted : Monday, August 22, 2016 9:43:47 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 989
Location: Kenya
majimaji wrote:

Woolworths and Deacons, what is the difference?

Deacons used to own Woolworths but the South Africans bought full stake in Woolworths. Now they are competitors
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Metch
#10 Posted : Saturday, December 31, 2016 1:08:44 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Profit warning DN pg.11 today 31 DEC 16.
Start!
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obiero
#11 Posted : Saturday, December 31, 2016 1:12:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,782
Location: nairobi
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.

And who exactly didn't expect this profit warning

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Metch
#12 Posted : Saturday, December 31, 2016 1:59:45 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Laughing out loudly
obiero wrote:
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.

And who exactly didn't expect this profit warning

Laughing out loudly Laughing out loudly
Start!
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Pesa Nane
#13 Posted : Wednesday, January 04, 2017 11:14:47 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.


Pesa Nane plans to be shilingi when he grows up.
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watesh
#14 Posted : Wednesday, January 04, 2017 6:03:40 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 989
Location: Kenya
Pesa Nane wrote:
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.



One big mistake they did this year was poor advertising. The TV ads and billboards all said "Come shop at Deacons". None of their shops is called Deacons. They should have used Mr Price instead and focus on Mr Price's products available. That way they would have avoided any confusion caused to potential customers.

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obiero
#15 Posted : Wednesday, January 04, 2017 6:08:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,782
Location: nairobi
watesh wrote:
Pesa Nane wrote:
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.



One big mistake they did this year was poor advertising. The TV ads and billboards all said "Come shop at Deacons". None of their shops is called Deacons. They should have used Mr Price instead and focus on Mr Price's products available. That way they would have avoided any confusion caused to potential customers.


Don't even recall seeing an advert

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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watesh
#16 Posted : Thursday, January 05, 2017 5:30:49 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 989
Location: Kenya
obiero wrote:
watesh wrote:
Pesa Nane wrote:
Metch wrote:
Profit warning DN pg.11 today 31 DEC 16.



One big mistake they did this year was poor advertising. The TV ads and billboards all said "Come shop at Deacons". None of their shops is called Deacons. They should have used Mr Price instead and focus on Mr Price's products available. That way they would have avoided any confusion caused to potential customers.


Don't even recall seeing an advert

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly EXACTLY MY POINT!!! Poor marketing strategy. They didnt grab people's attention
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