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Deacons HY18
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Pesa Nane
#41 Posted : Thursday, March 07, 2019 4:13:51 PM
Rank: Elder


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

Who is going to give Deacons 450mn as a loan?


Stagemanaged!
- SGM vs AGM
- venue??
- No. of voters vs total shareholders (nb: 123m floated shares)



Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#42 Posted : Thursday, March 07, 2019 4:56:00 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
This is truly stage-managed kabsaaaa .......... tells you even the Administrator manenos is not a 'clean' affair.

'Minority' poleni tena Sad Sad Sad , kujeni KCB, BAT, Stanchart, Equity, BBK.
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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S.Mutaga III
#43 Posted : Thursday, March 07, 2019 8:00:19 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
I don't invest in loss making companies so I would pass this one. You don't need to be a genius to know some things.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Ericsson
#44 Posted : Friday, March 08, 2019 12:50:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Angelica _ann wrote:
This is truly stage-managed kabsaaaa .......... tells you even the Administrator manenos is not a 'clean' affair.

'Minority' poleni tena Sad Sad Sad , kujeni KCB, BAT, Stanchart, Equity, BBK.


Majority of the debt is owed to NIC Bank.
NIC Bank owner and association is who?
That is the puzzle
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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jmbada
#45 Posted : Friday, March 08, 2019 6:08:57 PM
Rank: Member


Joined: 1/1/2011
Posts: 396
Ericsson wrote:
Angelica _ann wrote:
This is truly stage-managed kabsaaaa .......... tells you even the Administrator manenos is not a 'clean' affair.

'Minority' poleni tena Sad Sad Sad , kujeni KCB, BAT, Stanchart, Equity, BBK.


Majority of the debt is owed to NIC Bank.
NIC Bank owner and association is who?
That is the puzzle

What is the puzzle? NIC ownership is public information. Including as part of the merger discussions. There is nothing unclean about a heavily indebted company being taken over by its lenders, whether directly or by proxy (i.e. administrators). KQ is significantly owned by its prior lenders and guarantors, and this will always be the case. Shareholders are placed at the back of the line when a business fails, even behind suppliers and employees.
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maka
#46 Posted : Tuesday, May 21, 2019 11:53:59 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Cash-strapped clothing and footwear retailer Deacons (East Africa) PLC  (Under Administration) has announced Expression of Interest to sell its business and assets in whole or in part in a public notice.
possunt quia posse videntur
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KaunganaDoDo
#47 Posted : Tuesday, May 21, 2019 4:42:56 PM
Rank: Member


Joined: 8/6/2018
Posts: 299
maka wrote:
Cash-strapped clothing and footwear retailer Deacons (East Africa) PLC  (Under Administration) has announced Expression of Interest to sell its business and assets in whole or in part in a public notice.


What a Sad ending to the Giant of Fashion....I used to time their Expensive, Beatiful Clothes whenever they were ON SALE. A nice jacket could go for 15K and the same would be sold away at 1K during clearance. They sold more units on SALE than on arms length commercial transaction. Death of Nakumatt quickened their demise. Sleep Faithful Heart, your hard day's work is Gone, Sleep Happy Soul, for all must sleep at once
RIP
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obiero
#48 Posted : Tuesday, May 21, 2019 6:57:04 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,517
Location: nairobi
KaunganaDoDo wrote:
maka wrote:
Cash-strapped clothing and footwear retailer Deacons (East Africa) PLC  (Under Administration) has announced Expression of Interest to sell its business and assets in whole or in part in a public notice.


What a Sad ending to the Giant of Fashion....I used to time their Expensive, Beatiful Clothes whenever they were ON SALE. A nice jacket could go for 15K and the same would be sold away at 1K during clearance. They sold more units on SALE than on arms length commercial transaction. Death of Nakumatt quickened their demise. Sleep Faithful Heart, your hard day's work is Gone, Sleep Happy Soul, for all must sleep at once
RIP

This same prayer be reserved for
arm, death by debt
britam, securities collapse
cables, death by debt
carbacid, chinese competition
cargeneral, economic downturn
centum, founding father
crown, wild swings
deacons, mrp rip
eapc, scandalous scandal
eveready, death by debt
express, sgr takeover
ftg, non starter
home afrika, bandia firm
kapch, agricultural cartels
kenre, management wrangles
kenya power, boardroom boogy
kurwitu, bandia firm
mumias, death by debt
olympia, bandia firm
sameer, bandia firm
sanlam, victim of circumstances
uchumi, customer abandonme
unga, utopian dreams

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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