Bagir Share Discussion Threads

[moneymunch] 05/9/2018 18:37

Ps Don't be surprised to wake up one day and find Bagir's share price at 50p plus...Ho Ho Ho...3p for starters soon....double figures coming. :-)

[moneymunch] 05/9/2018 18:31

Lol you numptie, is that the best you can come up with..ha ha ha ha....:-)

Ps here's a recent example of the Ruyi effect you oaf...:-)

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.


FASHION

Trinity blooms under Shandong Ruyi

Retail Asia

28/08/2018

AsiaInternationalTrinity


Menswear retailer Trinity has announced double-digit same-store sales growth in its first half year.

The period coincides with Shandong Ruyi International Fashion Industry Investment Holding taking a controlling interest in the group last April.

[honour among thieves] 05/9/2018 18:13

As the Chinese have a Majority shareholding

Can they delist it with the help of other bigger shareholders? For sure such resolutions will pass as they have block YES vote of 54%.


Voting for such resolution means they could regain the capital invested right?

What would be the point of taking majority ownership if that was not main reasons, surely anyone can work this out.

Don't be surprised wake up one morning and seeing a rns about an EGM for delisting. That would cut the share price price to 0.5p something immediately

[moneymunch] 05/9/2018 14:52

What I really like about Bagir at the moment is that any downside is really limited with the Ruyi deal now looking like a done deal imho, and so the risk reward is firmly in our favour, and the potential upside could be multiples of current share price as Ruyi takes Bagir forward....we're not waiting or reliant on drilling results or clinical trial results etc that could make or break, we're waiting on shareholder approval for a deal that will be transformational for Bagir and its shareholders fortunes.....this really is a big deal for all concerned, and at this stage it looks a done deal, and I'm sure Ruyi have big plans for Bagir's development and expansion that will take us to double figures soon enough. Gl :-)

3/9/18

The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

-- Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

-- The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

-- The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation.

[moneymunch] 04/9/2018 19:32

..Resolution 9 is the facility for Bagir to raise funds through a share placing of up to 10% of the issued number of shares, just like every other listrd company and they have just confirmed that they haven't reinstated this facility......3p plus tomorrow anyone???? ;-)

[moneymunch] 04/9/2018 19:13

It essentially confirms that it's a done deal imho, and so it's about time the market woke up to the significance of such a transformational deal for Bagir's prospects and potential, and with Ruyi on board with their 54% controlling stake, they're heading for the BIG TIME, a one way trajectory from a small cap company to a mid cap leading player, in the not too distant. Gla Holders......3p plus coming just for starters:-)

[moneymunch] 04/9/2018 18:43

Ps and with the dis-application of resolution 9, maybe a hint from Bagir and a sure sign that all major shareholders are in approval and Bagir will soon have the full $16.5m cash in the bank and Ruyi will have their 54% controlling stake. Gla :-)

[moneymunch] 04/9/2018 18:28

No placing fund raise required.....Gl :-)

[noirua] 04/9/2018 17:41

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce that at the Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed with the exception of Resolution 9, being a general dis-application of the pre-emptive right under the articles of association with respect to issuing and allotting ordinary shares for up to approximately 10% of the Company's issued share capital.

[moneymunch] 04/9/2018 13:10

Cheers futuredelighter, I intend to, the lowlife snide sewer rat trolls ( my fan club ) certainly won't stop me. Gl :-)

Ps We should have the half yearly report in the next week or two which could add value if Bagir are in profit, although the long hot Spring/Summer may have impacted sales across Europe, and then all eyes on the EGM where the Ruyi deal should be rubber stamped, followed by the full payment of the $16.5m cash...full market appreciation will arrive sooner or later and Bagir's share price will re-rate accordingly.....Ruyi will have big plans to transform Bagir's fortunes :-)

[futuredlighter] 04/9/2018 12:18

keep posting Moneymunch

i agree a re-rate is due

[moneymunch] 04/9/2018 10:55

Lol slopgrader, are you a Bagir shareholder and how many l-t holders do you know....Gla Holders ..this will re-rate big time soon enough. ;-)

[costax1654x] 04/9/2018 09:08

buy SBTX (RNS next week),And Dish (RNS next week)

[moneymunch] 04/9/2018 08:01

Last chance to get in sub 3p this week i reckon. Gla ;-)

[moneymunch] 04/9/2018 05:26

3/9/18

-- The use of the investment by Shandong Ruyi, to directly target expediting the development and expansion of the manufacturing facility in Ethiopia, will significantly accelerate the timetable for the operational potential in Ethiopia to be realised enabling the facility to attract and compete for major apparel manufacturing contracts from large international retailers which generate an acceptable level of return to Bagir.

-- Shandong Ruyi, as a result of its significant international textile and retail investments, is well positioned to provide the Group with significant new commercial opportunities.

-- The strategic partnership has the potential to have a transformational effect on the operations and the prospects of the Group from which all Shareholders and Depositary Interest Holders will benefit.

-- The strategic partnership with Shandong Ruyi will increase the Company's own profile and reputation.


Eran Itzhak, Chief Executive Officer of Bagir said:

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing."

[moneymunch] 04/9/2018 05:21

Half Yearly Report now due this month.....should make interesting reading to see how many corners have been turned since Results were published in March, and should make exciting reading with Ruyi now on board and what near, mid and long term development and expansion plans they will have for the business. Gla Holders.....sub 3p will not last for long. ;-)


07 March 2018, 14:52
Source - SMW

Tailoring provider Bagir Group swung to an annual loss amid falling revenue.

The company booked a net loss of $2.91m, compared to a $9.87m profit in the previous year.

Revenue fell to $51.1m, from $64.1m in 2016, and was offset by operating, administrative and financing expenses.

March 2018

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] 03/9/2018 19:32

Munskin deal done then so you say everyday!!!!!fantastic market reaction red day and that even after your constant paid ramping!

[moneymunch] 03/9/2018 18:47

So says the berk who bragged he held 10.5m shares and sold 3.5m at 1.81p.....and how on earth is it a shambles....Bagir have been awaiting Ruyi to complete the transaction by supplying the necessary details to enable the EGM to take place, Ruyi made a further $1.85m payment in july to show they were still committed to the deal.....the ball is now in Bagir's court, hence the EGM for shareholder approval, and on approval the full payment of the $16.5m will be made.....this deal is totally transformational for Bagir's prospects and potential....that much is obvious.....and those who are holding their shares will be well rewarded. Gla Holders ;-)

[pjballsorts61] 03/9/2018 18:39

They should of put forward a vote weeks ago!Deadline for deal has been broken!what a shambles.

[moneymunch] 03/9/2018 18:36

...and the Ruyi effect...Bagir's fortunes will be on an UPWARD trajectory very soon....Gla holders....:-)

FASHION

Trinity blooms under Shandong Ruyi

Retail Asia

28/08/2018

AsiaInternationalTrinity

Menswear retailer Trinity has announced double-digit same-store sales growth in its first half year.

The period coincides with Shandong Ruyi International Fashion Industry Investment Holding taking a controlling interest in the group last April.

[moneymunch] 03/9/2018 18:35

Lol...Nice one Theaviator....i'm expecting a sudden and significant re-rate in due course. Gl ;-)

ps $16.5m for a 54% controlling stake in Bagir...Small change for Ruyi...;-)

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 £1.1bn.

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 labels 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."

[theaviator] 03/9/2018 18:28

I can agree to that one lol Had a banter with him on oex bb. Class A and watched his game for ages. Now he is out of here am happy to share a chart with you all. Things looking okay tbh imho Hope it is of use.https://imgur.com/IYpT4yl