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Deacons HY18
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun  plus he still owes me 100k + interest  Lol. Let me help look for the quote, seems like something you would say.. Let him back up his words with $100! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Angelica _ann wrote:wukan wrote:The CEO earns 23m a year to run this thing to the ground and burn shareholders and bondholders to recognition. Kenya has a peculiar way of rewarding mediocrity There are bondholders in here, whah Corporate governance in Kenya goes back to the dogs. Pole kwao!!!! Pain. Was this firm also listed by introduction and not by IPO? There is a pattern here on our soko mjinga(NSE).... Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Fyatu wrote:Angelica _ann wrote:wukan wrote:The CEO earns 23m a year to run this thing to the ground and burn shareholders and bondholders to recognition. Kenya has a peculiar way of rewarding mediocrity There are bondholders in here, whah Corporate governance in Kenya goes back to the dogs. Pole kwao!!!! Pain. Was this firm also listed by introduction and not by IPO? There is a pattern here on our soko mjinga(NSE).... A production of the tough economic times,when you saw empty malls,just know they were the next casualties Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed.
BBI will solve it :)
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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2012 wrote:I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:2012 wrote:I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Angelica _ann wrote:Ericsson wrote:2012 wrote:I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? Jumia online is doing fine ????? Read the below; https://www.businessdail...6688-baq1s7z/index.html
E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Lots of complaints about Jumia. Jumia is a platform and not the seller for many of the items so quality control may be an issue. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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I remember Centum trying to buy a stake in Deacons and then backed out. Was intelligent of them. They must have seen this coming I guess
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Horton wrote:I remember Centum trying to buy a stake in Deacons and then backed out. Was intelligent of them. They must have seen this coming I guess But they bought KREP Bank Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:2012 wrote:I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? Jumia online is doing fine ????? Read the below; https://www.businessdail...6688-baq1s7z/index.html
E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation. Top line growth looks magnificent... Any link to detailed results "Jumia’s sales grew 41.8 per cent to Sh62.95 billion on the back of higher customer numbers"
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Rank: Member Joined: 6/15/2013 Posts: 301
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Ericsson wrote:Angelica _ann wrote:Ericsson wrote:2012 wrote:I still don't understand why Deacons did not go online. Their core business should have been online since they had already built trust from customers. Huge opportunity missed. Ask Safaricom and its masoko then you'll realise online isn't that lucrative in Kenya How come Kilimall and Jumia online seem to be doing just fine? Jumia online is doing fine ????? Read the below; https://www.businessdail...6688-baq1s7z/index.html
E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier. The loss does not give an indication of the company’s bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation. It looks E Commerce is a tough business to venture into. High capital, high turnover but loss making. It took Amazon almost 15years before they recently started raking in profits.
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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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Fyatu wrote:Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Mtumba business is thriving that is where the masses are they should have tested the waters with something like deacons mtumba stores located huko ndani ya maesto or one big one in the major cities.With the resources at their disposal they could have easily pulled this off. lakini those stores in the malls sijuikuendaaje people would have become suspicious but doesn't matter anyway that model has failed.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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madollar wrote:Fyatu wrote:Where do the real middle class(hapana ile bandia) buy their clothes in Kenya? I buy mine anywhere and usually wear them for a minimum of three years before thinking of buying new ones and/or brand new second hannds,or not unless mama watoto buys me some. Deacons made a big error mismanaging Mr. Price franchise by overpricing and under-stocking and eventually leting it go Mtumba business is thriving that is where the masses are they should have tested the waters with something like deacons mtumba stores located huko ndani ya maesto or one big one in the major cities.With the resources at their disposal they could have easily pulled this off. lakini those stores in the malls sijuikuendaaje people would have become suspicious but doesn't matter anyway that model has failed. Deacons: 1. Too expensive compare to Babyshop Dxb the prices were sometimes double or triple. Seems like their target was the 1% vs the mindorrro crass 2. Staff extremely hostile. 3. A lot of products were not available. They filled their shops with useless items
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name?
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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the deal wrote:VituVingiSana wrote:Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name? @the deal you didn't search hard enough
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:the deal wrote:VituVingiSana wrote:Dear @thedeal, If you can find and post the so-called quote I made that "this is the next Gap" [please post the entire quote/post so it is in context] then I will admit it AND donate $100 to a charity that plants trees. Please provide the date and thread of the quote as well. If you cannot find the so-called quote you said I made that "this is the next Gap" then as an apology, please send $100 to the same charity as indicated above. I shall provide info of this charity as soon as we have the answer. This is line with my new resolution of discussing the merits and demerits of investments. Sincerely, VVS P.S. Doesn't apply to @Obiero (& KQ) coz I want a little fun plus he still owes me 100k + interest Chief @VVS I have searched Wazua universe...Apologies and what is charities name? @the deal you didn't search hard enough @Obiero - Wachana kelele ya chura. Help @thedeal if you can. Don't forget you owe me KES 100,000 + interest + penalties. @Sparkly will confirm, I came through with my payment even though it took some time so as to remain "anonymous" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Deacons shareholders give the nod for Sh450m loan search https://www.businessdail...2600-ufvwlnz/index.html
>>> Who is going to give Deacons 450mn as a loan? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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I am even wondering Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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