Bagir Share Discussion Threads

[honour among thieves] 12/9/2018 12:56

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely likely.

Now will it crash to 0.2p or 0.25p?

We just have to wait for the rns.








As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately







MONEYMUNCH

[moneymunch] 12/9/2018 08:51

It's going to be BIG, and transformational for all invested. Gla ;-)

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring is pleased to announce that further to its announcement on 23 November 2017, that it had agreed terms with Shandong Ruyi Technology Group for a proposed investment and strategic partnership under which Shandong Ruyi will invest $16.5 million into the Company in return for 359,560,310 New Ordinary Shares representing 53.7 per cent of the Company's Enlarged Share Capital. The Company has today posted a circular to its shareholders containing further details of the Proposed Investment and notice to convene an Extraordinary General Meeting at which the resolutions required to enact the Proposals will be tabled.

The Proposed Investment values each New Ordinary Share at approximately 3.5 pence per Ordinary Share and represents a premium of 155 per cent. to the mid-price at 12:10 on 20 November 2017, being the point at which trading in the Ordinary Shares was suspended ahead of the announcement of the Proposed Investment on 23 November 2017.

The Board considers the Proposals and the passing of the Resolutions to be in the best interests of the Company, its Shareholders and its Depositary Interest Holders as a whole for the reasons set out below:

-- The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

-- Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

-- The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

-- The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation.

Accordingly, the Directors unanimously recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting as the Directors, who have an interest in Ordinary Shares, have irrevocably undertaken to do in respect of their own and connected persons beneficial shareholding.

The Extraordinary General Meeting is to be held at the offices of N+1 Singers, One Bartholomew Lane, London EC2N 2AX at 10:00 a.m. on 9 October 2018.

The circular will shortly be available to view at the Group's website hxxp://www.bagir.com/html/Rule.html.

Capitalised terms used but not defined in this announcement have the meanings set out in the circular and in the appendix to this announcement. Further details of the recommended Proposals, extracted from the Circular, are set out below.

Eran Itzhak, Chief Executive Officer of Bagir said:

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing."

[moneymunch] 12/9/2018 08:44

Half Yearly Report tomorrow imho....3p calling....Excitement building....Gla ;-)

[moneymunch] 11/9/2018 12:05

If not sooner....;-)

[moneymunch] 11/9/2018 11:36

Half yearly report expected this week, and so high chance of 3p plus on positive data, especially in run up to EGM for shareholder approval for Ruyi's $16.5m and 54% controlling stake. Gla :-)

[moneymunch] 11/9/2018 06:02

Bagir ahead of the curve with their 100% owned Ethiopian factory already up and running and about to get a $16.5m cash injection from Ruyi who will be keen to develop, expand and increase production. Bagir's order book will very likely soon, be full to the brim with new business and supply contracts which no doubt will be transformational for Bagir's sales revenues and profitability. Gla ;-)

China Is Turning Ethiopia Into a Giant Fast-Fashion Factory

The project is Beijing’s big experiment in outsourcing, and a $10 billion shot in the arm for the African nation

Hawassa Industrial Park did go up quickly, thanks to a state-owned Chinese construction company that banged out 56 identical hangar-size, red-and-gray metal sheds devoted to textile production in nine months, for $250 million, according to the Ethiopian Investment Commission.

Lured by tax incentives, promises of infrastructure investment, and ultracheap labor, countries the Western world once outsourced production to, particularly China and Sri Lanka, are now the middlemen ramping up production here for Guess, Levi’s, H&M, and other labels.

These industrialists like Ethiopia because the government wants them as much as they want cheap labor and tax breaks. The Hawassa Industrial Park’s inauguration is only the most recent part of a vast centralized scheme: Since 2014, Ethiopia has opened four giant, publicly owned industrial parks; it plans eight more by 2020.

The industrialists who set up shop here are exempt from income tax for their first five years of business and absolved from duties or taxes on the import of capital goods and construction supplies. Ethiopia can swing such largesse because it gets lots and lots of money from China: $10.7 billion in loans from 2010 to 2015, according to the China-Africa Research Initiative at the Johns Hopkins University School of Advanced International Studies.

Right now much of the money is being spent on lucrative contracts for Chinese companies that, with help from Ethiopian labor, are building dams, roads, and cellular networks. This infrastructure, the Ethiopian government says, will allow the country to join the global middle class. “The plan is to create a total of 2 million jobs in manufacturing by the end of 2025,” says the Ethiopian Investment Commission’s Belachew Mekuria

[moneymunch] 10/9/2018 15:30

Momentum building, excitement building....Tick Tock Boom!!! Gla holders:-)

[honour among thieves] 10/9/2018 13:12

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely likely.

Now will it crash to 0.2p or 0.25p?

We just have to wait for the rns.








As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately







MONEYMUNCH

[futuredlighter] 10/9/2018 11:37

are Bagir ready for a rise?

i think so

[moneymunch] 10/9/2018 07:22

There is a block buyer who is building a stake as we've witnessed over the last week or so....no doubt there's a few pi's who have sold out or reduced their holding in the expectation that the share price was going to fall back to 2p and even lower as was the case following the 18/7/18 Rns confirming completion date for the Ruyi deal, but at that time there was still uncertainty because we all knew that an EGM was required for shareholder approval, and so this time around following the 3/9/18 Rns confirming EGM notice, there is much more certainty that the deal and payment of the full $16.5m will happen, just as long as the shareholders give their approval, as Ruyi have obviously provided all necessary legal documentation for the deal to proceed....

.....and so those expecting any substantial drop to buy back in cheaper run the risk of missing out as the share price holds firm , especially if we have an upbeat half yearly report( expected imminently ) which could see a significant rise as well as further block buying from the stake builder along with other buying pressure from those who want back in and those that want in in time for the EGM...less than 4 weeks away...

...i'm expecting plenty of upside from now in, in run up to EGM, and the only reason for any significant downside from the current share price is if the half yearly report isn't good, but with the cost cutting and saving measures Bagir have implemented including development of their manufacturing bases in Ethiopia , Egypt and Vietnam, then there's every chance that the report will be full of positives including the groups profitability , and so a big bounce if it makes good reading..

...and sustained demand for shares thereafter in anticipation of the transformational opportunity for Bagir's fortunes on shareholder approval. Gla Holders...a Very exciting period ahead....Bagir is all set for the big time with one of the Worlds leading textile apparel manufactures on board. ;-)

[moneymunch] 10/9/2018 07:18

Lol...NO THEY CAN'T DELIST!!!

Gla Holders...Bagir is all set for the Big time under the guidance and influence of one of the World's leading textile apparel manufactures....this is one of the best risk reward opportunities for transformational upside around. ;-)

RNS 3/9/18

In addition, Shandong Ruyi undertakes that it shall not and none of its associates shall, inter alia:

- take any action which would prevent or might reasonably be expected to prevent the Group from complying with its obligations under applicable laws, including AIM Rule 13;

- exercise its voting rights to procure a de-listing of the Company's shares from trading on AIM; or

- exercise its voting rights to procure or seek to procure any amendment to the Company's articles of association.

[honour among thieves] 10/9/2018 06:49

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely likely.

Now will it crash to 0.2p or 0.25p?

We just have to wait for the rns.








As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately







MONEYMUNCH

[big brother8] 09/9/2018 21:42

MONEYMUNCH

[big brother8] 09/9/2018 21:42

MONEYMUNCH

[moneymunch] 09/9/2018 07:28

Morning Zed, a sure sign that Bagir's share price is going skywards in due course, and they're determined to deter investors before it does. Gl ;-)

ps a potential big week ahead on an upbeat half yearly report that's expected soon. ;-)

[zed250] 08/9/2018 23:02

Seems like a total gang is attacking moneymunch and Bagir shareprice. Don’t know what moneymunch has done to them and why they are suppressing and giving doubts about Bagr

[big brother8] 08/9/2018 20:09

MONEYMUNCH

[moneymunch] 08/9/2018 15:30

There is a block buyer who is building a stake as we've witnessed over the last week or so....no doubt there's a few pi's who have sold out or reduced their holding in the expectation that the share price was going to fall back to 2p and even lower as was the case following the 18/7/18 Rns confirming completion date for the Ruyi deal, but at that time there was still uncertainty because we all knew that an EGM was required for shareholder approval, and so this time around following the 3/9/18 Rns confirming EGM notice, there is much more certainty that the deal and payment of the full $16.5m will happen, just as long as the shareholders give their approval, as Ruyi have obviously provided all necessary legal documentation for the deal to proceed....

.....and so those expecting any substantial drop to buy back in cheaper run the risk of missing out as the share price holds firm , especially if we have an upbeat half yearly report which could see a significant rise as well as further block buying from the stake builder along with other buying pressure from those who want back in and those that want in in time for the EGM...only 4 weeks away...

...i'm expecting plenty of upside from now in, in run up to EGM, and the only reason for any significant downside from the current share price is if the half yearly report isn't good, but with the cost cutting and saving measures Bagir have implemented including development of their manufacturing bases in Ethiopia , Egypt and Vietnam, then there's every chance that the report will be full of positives including the groups profitability , and so a big bounce if it makes good reading..

...and sustained demand for shares thereafter in anticipation of the transformational opportunity for Bagir's fortunes on shareholder approval. Gla Holders...a Very exciting period ahead....Bagir is all set for the big time with one of the Worlds leading textile apparel manufactures on board. ;-)