Bagir Share Discussion Threads

[bad robot] 15/5/2014 11:36

Who invested in this IPO? Must be investor champs

[acta_topup] 15/5/2014 09:37

Yes - who is going to put money into new listings on AIM after this???

[knigel] 15/5/2014 09:35

Didn't this company raise money from the IPO?

[islam1] 15/5/2014 09:30

is there no such things as the FSA?

[addict] 15/5/2014 09:06

Aright old stitch up.

[acta_topup] 15/5/2014 08:54

A complete con from start to finish. AIM is becoming more of a laughing stock everyday. But fraud is no laughing matter surely?

[lateralam] 15/5/2014 08:46

Jeez, talk about a race to the bottom! good for a decent short I reckon...

[sanks] 15/5/2014 08:41

Wondering if its worth a shaggers punt at 2p for the skirtlift to 7p

[stegrego] 15/5/2014 08:19

This floated exactly ONE month ago.

Shows the dangers of having so few customers. I think it's M&S who were about 30 percent.

Shows the quality of some recent floats.

Could this be the fastest float / suspension / bust ever?

Disgrace.

[pugugly] 15/5/2014 08:19

Is this yet another example of an overseas company taking UK investors for a ride? Perhaps the authorities should consider calling in the advisors, broker and the company to verify the completeness of the prospectus.

Or maybe a lesson for all potential investors to avoid participating in this type of listing.

[simon gordon] 15/5/2014 07:17

Blooming heck:

The Company has experienced an unexpected reduction in the volume of purchase orders and a reduction in margins on retained revenue from its largest customer (the "Customer") predominantly for the fourth quarter of the year. The Company also notes that there can now be no certainty that the Customer's previous order patterns with the Company will be sustained.

Following these reductions in purchase orders, the Company now expects revenue for the year ending 31 December 2014 to be approximately $100m to $104m and EBITDA to be approximately $4m to $6m. Accordingly, the Company has commenced the process of obtaining a waiver from its debt providers regarding its banking covenants.

In light of the above, the Company intends to adjust its operating structure and costing model as appropriate to help ensure the efficient allocation of the Company's resources and to look to achieve material cost reductions. Furthermore, the Company is pursuing additional business with existing customers while continuing to source new business which may compensate for part of the loss of revenue, but at this stage the outcome of these actions cannot be certain.

Commenting, Danny Taragan, Chief Executive of Bagir Group, said:

"Clearly the reduction in purchase orders and the reduction in margins on revenue is a major disappointment, however the Company plans to take the necessary actions to help mitigate these issues."

[philanderer] 29/4/2014 00:12

As a dodo ;-)

[stegrego] 17/4/2014 12:15

Good shareholder list but not sure on the rating here. Seems quite high even with the debt repayment savings.

[philanderer] 15/4/2014 20:38

Telegraph market report:

"..Turning to Aim, Bagir Group , a tailoring company that counts Marks & Spencer and Arcadia as customers, enjoyed a strong debut on the junior market, with its shares rising to 62½p from the 56p placing price. The group raised £20m from the float that it will use to cut debt."

[philanderer] 15/4/2014 20:38

Israeli tailoring firm Bagir Group Ltd has completed a successful initial public offering (IPO) of its shares at London´s alternative stock market, the Alternative Investment Market (AIM). The suits maker Bagir Group is being advised by N+1 Singer in an IPO that has raised 21 million pounds.

Bagir Group reached a valuation of 28 million pounds and its shares will start trading on Tuesday.

Company website: