Bagir Share Discussion Threads

[harrissen] 22/8/2018 22:27

daicaprice
22 Aug '18 - 21:20 - 1063 of 1065
0   0  0



Good luck with that, TERN is my pension pot.

DC
………;……̷0;……R30;…….

TERN is an enigma incredibly high risk on it's own.
If you stick some of this in your pot as well it will soften the blow somewhat if TERN/DA does fail to deliver.

[harrissen] 22/8/2018 22:20

The August bank holiday is this weekend so in my opinion tomorrow and Friday are the only days left to get in below 3.5p as Bagir must surely release the RNS next Tuesday for it to have full impact on the share price stating the deal with Shandong Ruyi is in the bag

[daicaprice] 22/8/2018 21:20

Good luck with that, TERN is my pension pot.

DC

[moneymunch] 22/8/2018 21:17

Lol Stephanie you clueless sad pathetic creature, why don't you grow up and deal with your jealousy and envy...ha ha ha...it can't be good for you to continually display your bitterness and inadequacies...Ho Ho Ho. :-)

Ps Good luck DC...if we hit 3.5p by end of August I'll sell £20k and put it into Msys in time for their results 3/9/18...I reckon their revenues will be up and so I'm expecting a decent bounce from their lowly 1.55p share price ..but will be holding the majority of my Bagr for much higher returns...Gl :-)

[daicaprice] 22/8/2018 20:49

3.5p is nailed, it’s whether you want to hang on in there for tidy dosh that is the question? I personally will take 3.5p in the short term and watch for weakness after that.

DC

[stephen2010] 22/8/2018 20:19

Sub 2p by Friday. Be warned :)

[stephen2010] 22/8/2018 20:19

The bear trap has been set. Watch out for that spike :)

[moneymunch] 22/8/2018 18:46

Lol...give it time douglas dog breath, you sicko ...the herd will be here soon enough.....my 2.5m plus ( average 2.4p ) are held tightly for great things...3.5p just for starters.....Double figures on the horizon thereafter more than possible with one of the World's largest textile apparel manufactures at the helm.....ha ha ha ha ...Gla Holders... Upward momentum has resumed, 3p to be tested in the coming days...On and UP!!!....;-)

[moneymunch] 22/8/2018 16:07

Your call and whatever makes you comfortable, profit takers etc will be mopped up as the share price continues its upward momentum in anticipation ....and the deal looks like a done deal imho and Bagir's share price is likely to re-rate to 3.5p plus on receipt of the full $16.5m cash in their bank account....Gl :-)

[noirua] 22/8/2018 15:56

Not one hundred percent sure about this run out of the blue so reduced risk.

[moneymunch] 22/8/2018 15:45

Great to see the share price on the move....this has always been a no brainer, and potentially a multi-bag when Shandong unveil their plans and start filling Bagir's order book with new business and supply contracts....it's going to be BIG!!! :-)

[noirua] 22/8/2018 15:41

Hopefully moving on now. OK for longer term holders as there may still be some shorter termers there to be shaken out - nothing new quite yet.

[moneymunch] 22/8/2018 15:26

Make that 2.5p....Shandong Ruyi are paying $16.5m for a 54% controlling stake in Bagir, Shandong Ruyi is China’s biggest textile apparel manufactures and one of the World's largest, the potential upturn in Bagir's fortunes is likely to be transformational as new and existing business is transferred to Bagir's Ethiopian factory...the upside in share price could be many multiples of 3.5p in the not too distant...Gla holders Exciting times ahead:-)

[moneymunch] 22/8/2018 15:05

2.4p if you want some. ...Looking good....Gla :-)

[moneymunch] 22/8/2018 07:41

3.5p just for starters and much more to come as Shandong develops and expands Bagir's 100% owned Ethiopian factory to service Shandong’s global textile empire. 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

[harrissen] 22/8/2018 07:21

UPDATE NOW DUE WITHIN THE NEXT 7 WORKING DAYS!!!

RNS Number : 9551U

Bagir Group Ltd

18 July 2018


Update on Strategic Partnership

Bagir (AIM

"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."

[moneymunch] 19/8/2018 09:36

Shandong Ruyi is expected to make substantial cost savings from the deal. Itzthak said the numbers spoke for themselves: In China the cost make per suit is $18, which is not duty-free , when it comes to the US, theres an added 28% on top of costs. But the cost per suit in Ethiopia is between $3-$5, and its duty-free to the US and Europe.

[moneymunch] 19/8/2018 09:31

Bagir ahead of the curve with their 100% owned Ethiopian manufacturing base, and no doubt the main reason for Shandond's interest. Gla Holders ;-)


Currently the textile and apparel sector in Ethiopia employs 47.000 people. According to government plans the number of skilled labor will increase to 350.000 within the next 5 years in 12 industrial parks. Two of the already operating industrial parks are environmentally friendly. The Ethiopian government has declared economic initiatives through opening state owned companies to foreign investors or shareholders. This will help the country in professionalization of the state owned companies and bring in foreign currency. This initiative and the recent peace process with the neighbouring country Eritrea has brought positive echo from various governments of the world including the UN, IGAD (Intergovernmental Authority on Development) and Africa Union.

Ethiopia plans to establish itself as a new center for the international textile industry. For 2018, the government expects an export volume of $1 billion. According to the plans of the Ethiopian government, by 2025 the country should reach a middle-income status and become the largest production hub in Africa. In addition, a lot of investments for the infrastructure are already made and are still planned. Tax advantages and cheap loans should attract investors. Europe and the U.S. are supporting trade with favorable customs conditions and infrastructure projects. Investors benefit from low wages and energy costs. ASFWs conference takes up the topic of investment by a panel presented by the government of Ethiopia.

[moneymunch] 19/8/2018 09:28

Fair value will prevail on receipt of the full $16.m cash in the next few weeks and with Shandong at the helm with their 54% controlling stake, must have big plans for Bagir's 100% owned Ethiopian factory, including significant new commercial opportunities to service Shandong's global apparel empire. Gla Holders ;-)



The Directors' rationale for the transaction is as follows:

-- Shandong Ruyi has substantial retail/textile investments globally and is therefore well positioned to provide Bagir with significant new commercial opportunities.

-- The new capital will:

o be used partly to expand significantly the suit trouser and establish the jacket production lines in the Company's duty free and cost-competitive Ethiopian manufacturing base

o enhance R&D and innovation activities

o provide the working capital to support the growth