Bagir Share Discussion Threads

[theaviator] 18/7/2018 16:21

You mean be one of the latest involuntary LTH's Sid. Always depends how you look at things eh? The pumpers will be long gone, volume diminishes and share price retraces. The way it is mate sadly

[theaviator] 18/7/2018 16:18

Exactly, gaps mostly get filled. Feel free to check my history matey. May take a while and who knows when but.... As a parallel from today check out KOD. Chinese invested there at .38 Look where share price is now. Just saying!

[sidjameslaugh] 18/7/2018 16:18

Too much dilution for that to happen but a major business doesn’t invest at 3.5 for no reason. I’ll hold for a few years to see 10p plus.

[sidjameslaugh] 18/7/2018 16:14

There is. Look at the five year chart. :)

[theaviator] 18/7/2018 16:08

Theres a gap to fill isnt there! ;)

[urigem] 18/7/2018 15:52

Will be happy with a settle anywhere around these levels today. 10p is just silly - at least for a single trading day. Big churn today and will be a big volume day tomorrow but I find it hard for anyone to call this a spike - even now you're being offered a 30% discount

[theaviator] 18/7/2018 15:50

Shirl did mate.

[theaviator] 18/7/2018 15:48

Well it isnt at 10p 4por even 3.5 Shirl and was never going to be today or by Friday! pmsfl

[buffskins] 18/7/2018 15:41

B1, stop being a bell end

[urigem] 18/7/2018 15:41

100million shares changed hands today so far!

[urigem] 18/7/2018 15:22

I feel at this stage these should be sitting at 10-30 % premium to placing price. However mid term these look very low priced with the cash and partner on hand. Not sure what will happen over the coming weeks, but hard not to add this to my holdings

[duck_and_dive] 18/7/2018 15:09

hxxp://morningstar.co.uk/uk/news/AN_1531904460110978400/shandong-ruyi-to-complete-usd17-million-bagir-investment-by-end-august-(alliss).aspx


News Shandong Ruyi To Complete USD17 Million Bagir Investment By End-August (ALLISS) LONDON (Alliance News) - Shares in Bagir Group Ltd jumped 72% Wednesday after Shandong Ruyi ...
Alliance News18 July, 2018 | 10:01AMEmail Form
LONDON (Alliance News) - Shares in Bagir Group Ltd jumped 72% Wednesday after Shandong Ruyi Technology Group Ltd committed to complete its USD16.5 million investment in the tailor as part of a strategic investment by the end of August.

Shares in Bagir were 84% higher at 2.67 pence on Wednesday, though leaving them still 11% lower compared to a year ago.

In November, Bagir announced a strategic partnership with China-based textile manufacturer Shangdong Ruyi alongside a USD16.5 million proposed investment.

In order to facilitate the Shangdong Ruyi investment, Bagir will issue 359.6 million shares in the company at a price of 3.5 pence each, which will give the Chinese firm a 54% stake. The price was more than two-and-a-half times Bagir's share price at the time.

On Wednesday, Bagir explained Shangdong Ruyi has committed to completing the equity investment by the end of August. On Tuesday, it paid a further USD1.7 million to Bagir in addition to the initial USD1.7 million paid in January.

"Shandong Ruyi is a global leader in our sector and their decision to become our partner and majority shareholder fundamentally changes the future prospects of Bagir," Bagir Chief Executive Officer Eran Itzhak said. "We are delighted to confirm the completion date and announce Shandong Ruyi's further financial commitment to the transaction."

At the time the deal was announced, Bagir had said the investment would be used to "significantly" expand trouser and jacket production lines in Ethiopia. It will also be used to enhance research & development as well as provide working capital to support growth.

By Ahren Lester; [e-mail]