Bagir Share Discussion Threads

[theaviator] 19/7/2018 08:44

Id v much doubt it!

[joosepi] 19/7/2018 08:38

Yesterday's ramping team having a day of by the look of it

[moneymunch] 19/7/2018 08:24

Me too Urigem, infact i won't mind too much if we end the day slightly down to provide the step down in the chart for the next leg up.....3.5p at the very least is nailed on, and maybe much much more with further development news etc from China's leading global textile manufacturer. Gl ;-)

[urigem] 19/7/2018 08:13

If we can get 2.5 on the offer i will add, its a bit of a no brainer.

[moneymunch] 19/7/2018 08:12

That would be very nice, they pushed the share price up to encourage profit takers.....they want your shares!!! ;-)

[urigem] 19/7/2018 08:11

MM
EXACTLY, THERE IS A BIG DIFFERENCE BETWEEN A SPIKE AND A RE RATE!

[urigem] 19/7/2018 08:09

mms hoovering up loads of PI sells first thing, i think 4p plus is on its way

[moneymunch] 19/7/2018 08:09

Bagri's current market cap is £8.5m......they're going to receive over $16.5m on top of cash already in the bank....a no brainer if there ever was one!!! Gla ;-)

Shandong Ruyi is a leading Asian global textile manufacturer and under the proposed strategic partnership will invest $16.5 million to acquire c.54% of the Company's enlarged issued share capital and will subscribe for 359,560,310 new Ordinary Shares at approximately 3.5p per share as of today's exchange rate.

Further details are contained in Bagir's announcement of 23 November 2017.

The Company is pleased to announce that Shandong Ruyi has committed to complete the transaction by 31 August 2018 and has also paid a further $1.65 million, which has been received by the Company on 17 July 2018, in addition to the initial payment of $1.65 million that was received on 9 January 2018.

Chief Executive Officer of Bagir, Eran Itzhak, said "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. We are delighted to confirm the completion date and announce Shandong Ruyi's further financial commitment to the transaction."

[urigem] 19/7/2018 08:05

might get an early push down, but clear this is going places north of 3!

[moneymunch] 19/7/2018 08:02

This is worth 3.5p at the very least, and now with China's largest global textile manufacturer owning 54% of the company, potentially the sky is the limit. Gla ;-)

[urigem] 19/7/2018 07:53

pre market looking strong ;)

[harrissen] 19/7/2018 03:00

THE SHARE CENTRE


Bagir Group (BAGR)

Last updated 18 July 2018 5:30pm



BUY.

2.75p- +1.30p

+89.66%

Day high-3.29p

Day low-1.60p

Previous close-1.45p (17 Jul 2018)

P/E-3.70 Market cap£8.5m

[noirua] 19/7/2018 01:26

Founded in 1972, Shandong Ruyi Group is one of the largest textile manufacturers in China. Headquartered in Jining, Shandong, the group operates 13 domestic industrial parks and boasts some of the largest production lines and advanced technologies in China. Shandong Ruyi Group also operates over 4,000 points of sales (POS) that services a global customer base spread across six different continents.

[turbotrader2] 18/7/2018 18:02

You are all deluded

[urigem] 18/7/2018 16:42

The company appears to have a high NAV, I don't see a big gap to fill .4p nothing surprises me on AIM , but can see this rising strongly again tomorrow IMO, still trading at a significant discount

[buffskins] 18/7/2018 16:30

What a sad git.

[theaviator] 18/7/2018 16:29

Plenty of stock. I wonder how I know that eh? lolOkay off to beach for me. Hope all did well and traded wisely. GL

[theaviator] 18/7/2018 16:28

I am saying that 90% of times gaps get filled mate. Also a v common occurance re the Chinese. Defo worth reading the small print! Not for me if that is any help to you.

[buffskins] 18/7/2018 16:27

well Mr. Aviator. There is hardly any stock around, me thinks this will be rising and rising fast.