Bagir Share Discussion Threads

[urigem] 20/7/2018 08:29

March 18

Bagir's strategy remains focused on creating internationally competitive manufacturing bases to combine with the Company's innovative tailoring capabilities, with the aim of then winning more major apparel manufacturing contracts from the world's largest retailers. To that end, Bagir has re-aligned its manufacturing bases to three key markets: Egypt; Ethiopia and Vietnam. The Directors believe that Ethiopia represents a unique opportunity to establish a market leading base over the medium to longer term.

However, strategically the Company's future has been potentially transformed by the agreement with Shandong Ruyi and their proposed $16.5 million investment into the business. Details of this agreement and progress towards seeking shareholders' approval are contained below.

The Board believes that an important element in Shandong Ruyi seeking to form a partnership with Bagir was the 100% ownership of the Ethiopian manufacturing base which the Group signed in February 2017. Gaining total control of this important asset has enabled the Company to accelerate its development and investment plans and this is expected to continue once the new capital is received from Shangdong Ruyi. Ethiopia offers significant commercial advantages as a manufacturing base given its tariff free trade and low production costs combined with good connectivity for onward distribution. The potential is clear and most recently the Company has invested in 3200 TRS production lines which are expected to be fully operational in 2018.

[urigem] 20/7/2018 08:22

November 17

The Company reaffirms the view that its first mover advantage in Ethiopia is potentially transformative to its medium-to-long term prospects. The planned development of machinery for the 3200 TRS production lines in order to be able to produce larger volume orders remains on schedule to be installed by the end of 2017 and to be fully operational during 2018.

Bagir also announces it is in advanced negotiations with a leading global textile manufacturer, to form a strategic partnership which would involve a significant investment into the Company with the aim of expanding the Company's manufacturing base in Ethiopia and significantly accelerating the timetable for achieving this location's operational potential. There is no certainty that the negotiations will result in a firm agreement and further announcements will be made at the appropriate time.

[senn1] 20/7/2018 08:20

You just have to sit back and wait a few weeks get in at these levels Transformational the boss of zzNsgir said once completed just join the dots

People traders spout there stuff to get in but they want in. And can see the bigger picture.

Strong but

Senn

[urigem] 20/7/2018 08:15

Senn

Agree, I glad i have come across BAGR, transformational once gone through, this is defying logic at the moment. however once out of the way and plans with ethiopia are deployed this will be multiples of the current price imo. looking very positive for the company

[senn1] 20/7/2018 07:41

Chinese to flood bagir with orders through there Ethiopian outlet is why the Chinese want Bagir great for this company watch the big orders flow soon

Trade war no tariffs in Ethiopia reason smell the coffee this will be way past 20p come year end imho

Senn

[moneymunch] 19/7/2018 19:45

Fill YA BOOTS...3.5p plus coming...Gla holders:-)

[noirua] 19/7/2018 19:07

Shandong Ruyi may be interested in the AIM market quote for Bagir and use it eventually to go on to a main market quote. With full control they may want to see a much larger market cap. So the story has really not yet begun.
Maybe bullish mentions of 5p and 10p are far wide of the mark and in the longer term quite negative.

[le baboon] 19/7/2018 19:06

ooh ooh ooh eee eee eee aah aah aah





ooh ooh ooh eee eee eee aah aah aah

5p

ooh ooh ooh eee eee eee aah aah aah
5p
ooh ooh ooh eee eee eee aah aah aah
5p

[urigem] 19/7/2018 18:52

All good .... I am looking forward to how this pans out. TA was really my thing.I have been writing fx bots in MQL4-5 for years now, but think that since Twitter trump Brexit Lehman etc it's all become pointless .. News moves to fast and can get shafted 24/7 if you rely on TA - especially in forex , where it used to be soooo easy 10 15 years ago

[theaviator] 19/7/2018 18:52

Even if it was 1.47 and open 1.6 that is still a gap! It was 1.42 though. Check our SRES chat where I was slated re the gap at .13 the other week. Filled! Yehahhh $$$$$$$

[theaviator] 19/7/2018 18:49

It is incorrect but heyho. Pull up tradingview and look at daily. A gap is a gap mate.

[theaviator] 19/7/2018 18:47

Say hi to those bunnies from me mate.

[senn1] 19/7/2018 18:45

Indeed ta on aim choc firegaurd springs to mind sit back and wait be 4p or more once deal is done.

[theaviator] 19/7/2018 18:44

Pmsfl Urigem. You have made my day dude. I havent cried with chuckles for a long time

[urigem] 19/7/2018 18:42

TA on AIM - FFS

[urigem] 19/7/2018 18:39

Bit - we all know there wasn't a gap.. Well a very small one .. About 20%