Bagir Share Discussion Threads

[qs99] 09/3/2017 07:33

agreed and N1+ note I have seen is pretty upbeat on a 12 month look forward....DYOR but this is not returns over night, this is investing for recovery and may take 12 months to start to see the real benefits IMO....but I do think from that RNS that there may be some significant contract wins to RNS in nearer term as that is what they hint at....DYOR etc...and IMO! GLA

[daicaprice] 09/3/2017 07:17

Happy to give it time for the real gains, some big buys today that didn't look like pi's.

DC

[qs99] 08/3/2017 16:08

also liked the piece about discussing new contracts with several significant new clients...DYOR but news on that could produce some good upside IMO...as I said above, early days IMO in the recovery mode, but a good start IMO delivered underlying EBITDA, debt free and upbeat about prospects....let's see...

[qs99] 08/3/2017 15:22

Disappointing! Brokers seem upbeat tho imo / DYOR as I say imo this is early days in delivering recovery DYOR

[t0pgrader] 08/3/2017 11:13

Err - what happened to the 58% gain?

[qs99] 08/3/2017 10:13

Yup early days in recovery IMO and happy to continue to hold and add a few GLA

[pre] 08/3/2017 09:10

what a loss there...buyers this morning impatiently selling at a loss...plenty jumping ship already in just over an hour of trading.

[daicaprice] 08/3/2017 08:55

Mr 85,258 is one hell of a trader!!

[daicaprice] 08/3/2017 08:49

3.5m bought @6p before the inevitable shake and the 20%ers out.

DC

[qs99] 08/3/2017 08:26

yup, no stock around IMO....10p beckons GLA

[qs99] 08/3/2017 08:24

boom (sorry couldn't resist)

[qs99] 08/3/2017 08:22

nice moves....cash in bank, EBITDA moving along, good sales volumes IMO, costs taken out, should IMO see this drift much higher ahead of anticipated uplift in future EBITDA levels....today is just the start IMO...gla...

[colin12345678] 08/3/2017 08:21

very nice upside is massive i took some on them results cannot buy a thing at the moment

[daicaprice] 08/3/2017 08:05

Nice final results, profit, no debt, cash in bank and new contracts on the way.

DC

[daicaprice] 27/2/2017 15:14

Down on a delayed trade, could do with some new contract news.

DC

[market master] 07/2/2017 08:21

Overhang appears to have cleared stock getting tighter. Only 110k available at full ask 4.75

[daicaprice] 06/2/2017 16:26

Nice volume today and we see a bit of blue.

DC

[market master] 06/2/2017 15:31

Looks like the right time to start buying here!

[daicaprice] 06/2/2017 08:19

Increased production, some new contracts to be announced with monetary value would get the price moving.

DC

[qs99] 16/12/2016 10:44

if you like this sort of business, which I am holding a small amount of, take a look at COA....decent RNS this morning IMO....cheers and gla and DYOR!

[daicaprice] 29/11/2016 08:30

Great news and the first of many new contracts.

DC

[market master] 29/11/2016 08:00

Bagir Group Ltd

29 November 2016

29 November 2016

Bagir Group Ltd.

("Bagir" or the "Company")

Bagir announces Ethiopia manufacturing milestone

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce the successful completion of its first international contract from its manufacturing site in Ethiopia. The first order, which is from the leading global high street retailer H&M, was for tailored trousers, and has been completed and shipped to the US. More orders for other destinations are now in production.

In July this year Bagir announced the restructuring of its manufacturing facilities to focus on just three production centers in Vietnam, Egypt and Ethiopia, with the sites in Vietnam and Egypt fulfilling the majority of the total manufacturing output in the immediate future and Ethiopia representing an important but longer-term opportunity for the Company. Ethiopia benefits from highly competitive production costs, incentives for investors, low energy costs, proximity to the European market and duty-free export status for sales to both the EU and USA.

The Company holds a 50% joint venture interest in its site in Ethiopia, covering 50,000 sqm and employing 450 people. Quality remains at the heart of what Bagir aspires to and so over the last 18 months Bagir has re-located key members of its management team to Ethiopia in order to ensure that the garments produced there meet international quality control standards. This first 'test' order by H&M demonstrates the high-quality levels of the garments being produced in Ethiopia as well the potential of Bagir's manufacturing strategy in Ethiopia.

Eran Itzhak, Bagir CEO said:

"To produce formal trousers for export to the US is an important milestone achieved for the Ethiopian site. Alongside tariff free trade and low-production costs, the site has good connectivity for onward distribution and we are confident Ethiopia will become an increasingly important part of our manufacturing base as quite simply it can produce top quality garments for less."

For further information, please contact: