Bagir Share Discussion Threads

[big brother8] 06/9/2018 07:46

MONEYMUNCH

[honour among thieves] 06/9/2018 07:45

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[big harry1] 06/9/2018 07:43

Crazy share

delisting?

[joshondale] 06/9/2018 07:23

I looked at this and spent an evening after the last RNS going through some figures and as AIM shares go it looks decent.

[moneymunch] 06/9/2018 07:21

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] 06/9/2018 07:14

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[honour among thieves] 06/9/2018 07:13

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[honour among thieves] 06/9/2018 07:13

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] 06/9/2018 07:10

FILL YA BOOTS....THEY DON'T WANT YOU INVESTED!!!! ;-))))))

[moneymunch] 06/9/2018 07:10

Ps here's a recent example of the Ruyi effect on a company they took a controlling stake, they've also made several high profile acquisitions of major listed fashion/brand companies and have never delisted any one of them!!! The lowlife detractors will stop at nothing in their desperation to undermine and deter investors...a sure sign of good things to come...Tick Tock Boom!!...:-)

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.

[moneymunch] 06/9/2018 07:08

KER-CHING!!! Get ready for some serious upside. Bagir is on a one way trajectory from small cap company to a mid cap leading player with one of the World's largest textile apparel manufactures taking a 54% controlling stake in the business....Bagir's order book will be full to the brim with new business and supply contracts to service Ruyi's global textile apparel empire.....ON and UP!!! ;-)

Proposed Strategic Partnership with Shandong Ruyi and $16.5 million investment

Posting of Circular and Notice of Extraordinary General Meeting



Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring is pleased to announce that further to its announcement on 23 November 2017, that it had agreed terms with Shandong Ruyi Technology Group for a proposed investment and strategic partnership under which Shandong Ruyi will invest $16.5 million into the Company in return for 359,560,310 New Ordinary Shares representing 53.7 per cent of the Company's Enlarged Share Capital. The Company has today posted a circular to its shareholders containing further details of the Proposed Investment and notice to convene an Extraordinary General Meeting at which the resolutions required to enact the Proposals will be tabled.



The Proposed Investment values each New Ordinary Share at approximately 3.5 pence per Ordinary Share and represents a premium of 155 per cent. to the mid-price at 12:10 on 20 November 2017, being the point at which trading in the Ordinary Shares was suspended ahead of the announcement of the Proposed Investment on 23 November 2017.



The Board considers the Proposals and the passing of the Resolutions to be in the best interests of the Company, its Shareholders and its Depositary Interest Holders as a whole for the reasons set out below:

· 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.

Accordingly, the Directors unanimously recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting as the Directors, who have an interest in Ordinary Shares, have irrevocably undertaken to do in respect of their own and connected persons beneficial shareholding.

The Extraordinary General Meeting is to be held at the offices of N+1 Singers, One Bartholomew Lane, London EC2N 2AX at 10:00 a.m. on 9 October 2018.



The circular will shortly be available to view at the Group's website



Capitalised terms used but not defined in this announcement have the meanings set out in the circular and in the appendix to this announcement. Further details of the recommended Proposals, extracted from the Circular, are set out below.



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."

[honour among thieves] 06/9/2018 06:49

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

[honour among thieves] 06/9/2018 06:37

UK mug punters gonna get killed here. Israelis and Chinamen are laughing and I am laughing too. LOL

54% Controlling stake means very high probability of delisting agenda is extremely like.

Now will crash to 0.2p or 0.25p?

We just have to wait for the rns.

[big brother8] 06/9/2018 06:36

MONEYMUNCH

[moneymunch] 06/9/2018 05:59

Not long to go before one of the World's largest textile apparel manufactures, a multi-billion dollar Chinese State backed company, takes a 54% controlling stake in an Aim listed company with a current market cap of £8m.....now i can't think of many other similar opportunities, still under the radar to many, where at a stroke of a pen Shandong Ruyi could transform Bagir's fortunes by re-directing and transferring some of their multi-million dollar global supply contracts to Bagir's 100% owned Ethiopian manufacturing base, the most cost effective any where in the World......

In China the cost make per suit is $18, which is not duty-free , when it comes to the US, there's 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 )

....can you imagine the market response if a multi-billion dollar global company was planning to take control of an Aim listed tiddler in the Software and Computer, or Oil and Gas or Financial sectors etc ????.....

Shandong Ruyi's initial $16.5m investment priced at 3.5p a share, is just the start in the rise of Bagir's fortunes , the real upside will follow as Shandong unveil their plans for the development and expansion of the Ethiopian factory and the implications this will have on transforming Bagir's future sales revenues and potential growth.....3.5p just for starters and many multiple of 3.5p more than possible. Gla Holders...exciting Times!!! ;-)

[moneymunch] 06/9/2018 05:57

The Chinese textile manufacturer approached Bagir in June 2017 with conversations initially centred around the Ethiopian operations before widening to the whole business.

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] 06/9/2018 05:54

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] 06/9/2018 05:54

The Proposed Investment values each New Ordinary Share at approximately 3.5 pence per Ordinary Share and represents a premium of 155 per cent. to the mid-price at 12:10 on 20 November 2017, being the point at which trading in the Ordinary Shares was suspended ahead of the announcement of the Proposed Investment on 23 November 2017.

The Board considers the Proposals and the passing of the Resolutions to be in the best interests of the Company, its Shareholders and its Depositary Interest Holders as a whole for the reasons set out below:

-- 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.

Accordingly, the Directors unanimously recommend that you vote in favour of the Resolutions to be proposed at the Extraordinary General Meeting as the Directors, who have an interest in Ordinary Shares, have irrevocably undertaken to do in respect of their own and connected persons beneficial shareholding.

The Extraordinary General Meeting is to be held at the offices of N+1 Singers, One Bartholomew Lane, London EC2N 2AX at 10:00 a.m. on 9 October 2018.

The circular will shortly be available to view at the Group's website hxxp://www.bagir.com/html/Rule.html.

Capitalised terms used but not defined in this announcement have the meanings set out in the circular and in the appendix to this announcement. Further details of the recommended Proposals, extracted from the Circular, are set out below.

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."

[big brother8] 05/9/2018 22:44

MONEYMUNCH

[big brother8] 05/9/2018 22:43

MONEYMUNCH