Bagir Share Discussion Threads

[moneymunch] 27/8/2018 10:57

During 2017 Bagir agreed three key transactions which are expected to form the basis of the company's future success," Bagir Chief Executive Officer Eran Itzhak said. "The proposed agreement with Shandong Ruyi being the most material and potentially transforming."

In November, Bagir announced a strategic partnership with China-based textile manufacturer Shangdong Ruyi. As part of the deal, Shangdong Ruyi proposed to invest USD16.5 million in Bagir to accelerate development of its Ethiopian manufacturing facilities.

"From a trading perspective Bagir experienced a challenging year, however, good progress was achieved in developing our key manufacturing sites together with further cost saving initiatives which will ensure we remain profitable and positioned to accelerate especially once the USD16.5 million investment from Shandong Ruyi is completed", Itzhak added.

"2017 was undoubtedly a strategically important year for the business. Looking ahead for 2018, trading conditions are likely to be similar to those experienced in 2017 meaning that the actions taken to reduce costs will be important in order to ensure that the company remains profitable. Alongside this, Bagir will be working to complete the agreement with Shandong Ruyi and invest behind the potential of our manufacturing bases, particularly Ethiopia, so that the Bagir is in the best possible place to be able to compete for the key apparel manufacturing contracts from the worlds' largest retailers."

[pjballsorts61] 26/8/2018 11:23

When did share holder's VOTE for the take over???

[moneymunch] 26/8/2018 09:54

With the escalating trade war between the US and China, Bagir's 100% owned DUTY FREE Ethiopian factory, already up and running and in production, is no doubt one of the main reasons for Ruyi's interest and commitment to completing the strategic partnership with Bagir, and so given the circumstances Ruyi could take full advantage and RAMP UP production immediately with a flow of new business and orders which would be transformational for Bagir and its shareholders....Gla Holders...D Day fast approaching.....EXCITEMENT BUILDING in anticipation of deal completion expected this coming week...On and UP!!! ;-)

US - CHINA TRADE WAR

Action-time for China?

For Chinese textile entrepreneurs, it is time for action. First, a prolonged trade war would mean US cotton would become costlier, requiring a change in raw material sourcing strategy. Chinese mills would be forced to increase imports from other cotton exporting countries like India, Brazil, Australia and Uzbekistan.

Second, entrepreneurs would have to accelerate the process of setting up manufacturing units in other countries like Vietnam and Ethiopia. Once this is done, higher tariffs on Chinese products would not affect exports of goods made by Chinese companies to the United States, unless these countries also get embroiled in trade wars with the United States by that time.

[moneymunch] 26/8/2018 07:33

$16.5m for Bagir...small change for Ruyi.....Gla Holders ;-)

Acquisitive Chinese textile and clothing giant Shandong Ruyi is stretching deeper into the UK high street on a two-year buying spree. In March 2016, it bought French firm SMCP, which operates Sandro, Maje – which each have 12 UK stores – and Claudie Pierlot, from private equity firm KKR for €1.3bn (£1.1bn).

British brand Aquascutum was sold to Jining Ruyi Investment Co, a holding company of Shandong Ruyi Technology Group, for $117m (£95m) in March last year. Previous owner YGM Trading said the sale was prompted by the need for further investment to enhance the label’s competitiveness. In November 2017 Shandong Ruyi paid HK$2.2bn (£213.5m) for a controlling stake in menswear group Trinity, which retails and wholesales high-end menswear brands including Kent & Curwen, Gieves & Hawkes and Cerruti 1881.

It bought a majority stake in Swiss brand Bally for an undisclosed sum in February.

"On February 9, Chinese Textile and Garment producer Shandong Ruyi Group completed the acquisition of luxury brand Bally. The transaction details have not been disclosed publicly, but an insider told Bloomberg the price paid was around $700 million."

[pjballsorts61] 25/8/2018 14:53

Munskin SHUT UP YOU TIT.

[pjballsorts61] 25/8/2018 14:50

Munskin SHUT UP YOU TIT.

[stephen2010] 25/8/2018 13:51

I look on the biggest loosers list and you are always on one of the threads lingering like a bad smell spouting your cut and paste posts like your an expert in the stock. Quite funny really. Like like a bottom feeder

[pjballsorts61] 25/8/2018 10:17

Munskin SHUT UP YOU TIT.

[moneymunch] 25/8/2018 09:02

Bagir's 100% owned duty free Ethiopian factory, already up and running and in production, is no doubt the main reason for Ruyi's interest and commitment to completing the strategic partnership with Bagir, and so given the circumstances Ruyi could take full advantage immediately, which suggests that the deal is a done deal imho. gla ;-)

Action-time for China?

For Chinese textile entrepreneurs, it is time for action. First, a prolonged trade war would mean US cotton would become costlier, requiring a change in raw material sourcing strategy. Chinese mills would be forced to increase imports from other cotton exporting countries like India, Brazil, Australia and Uzbekistan.

Second, entrepreneurs would have to accelerate the process of setting up manufacturing units in other countries like Vietnam and Ethiopia. Once this is done, higher tariffs on Chinese products would not affect exports of goods made by Chinese companies to the United States, unless these countries also get embroiled in trade wars with the United States by that time.

[moneymunch] 25/8/2018 07:55

A done deal!!!??? Gla holders ;-)

18/7/18

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."

[moneymunch] 25/8/2018 06:53

Lol so says no balls, who claimed he held 10.5m shares on the spike, and sold the lot at a significant loss....the last batch of 3.5m at the give away price of 1.81p....ha ha ha ha ha ....what a mug.......Gla Holders...Shandon Ruyi have already made two commitment payments of $1.65 in January and again in July ( ie last month ), and given the escalating trade war between the US and China, Ruyi will be covering all eventualities as Trump gets ready for a $200 Billion Dollar trade war.....Bagir's duty free Ethiopian factory offers Ruyi the perfect opportunity to reduce manufacturing costs but more importantly , side step the looming trade war and so Ruyi no doubt would be keen to exploit and utilise Bagir's factory to full capacity and beyond....No guarantees that the deal will happen of course but there lies the transformational opportunity, and given the circumstances, the risk reward looks firmly in our favour imho....and we're going to find out next week....ho ho ho.....and if Ruyi confirm deal completion and full payment of the $16.5m balance thereafter, then Bagir's share price is likely to rise significantly.....3.5p just for starters and potentially much much more with one of the World's largest textile apparel manufactures taking a 54% controlling stake....the expansion of Bagir's Ethiopian factory and the flow of new business and orders from Ruyi to Bagir could eventually see the share price many multiples of 3.5p in due course.... Exciting times for those INVESTED!!! ;-)))))

[pjballsorts61] 24/8/2018 22:21

Munskin it's got BPC written all over this share!

[moneymunch] 24/8/2018 14:16

Ps and why are 90% of your posts under your username Stephanie, posted and directed at me on share forums where I'm invested and you are not????

[moneymunch] 24/8/2018 14:12

Lol Stephanie...who follows who???

[babbler] 24/8/2018 13:52

I tipped that at 14p..I'm tipping bagr at current price. Imo.

[moneymunch] 24/8/2018 13:12

In the meantime....deal completion fast approaching.....Momentum building and 3p plus in sight....On and UP!!! Gla Holders ;-)