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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 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: 2,387		"NDIIKONI"
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Realtreaty		#8 Posted : Monday, August 22, 2016 9:11:09 PM
Rank: Elder Joined: 8/16/2011 Posts: 2,387		majimaji wrote: Woolworths and Deacons, what is the difference? one has WOOL while the other has BACON
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watesh		#9 Posted : Monday, August 22, 2016 9:43:47 PM
Rank: Veteran Joined: 8/10/2014 Posts: 992 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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