Bagir Share Discussion Threads

[moneymunch] 06/9/2018 12:09

Lol no they're not....they're trying to but the scumbag efforts are entirely futile....Gl :-)

[moneymunch] 06/9/2018 12:09

Lol no they're not....they're trying to but the scumbag efforts are entirely futile....Gl :-)

[zed250] 06/9/2018 12:07

2.3p on the sell side? Derampers are scaring folks to buy

[big brother8] 06/9/2018 12:03

MONEYMUNCH

[moneymunch] 06/9/2018 12:03

Lol....WATCH AND WEEP CREEP!!! ;-)

[big brother8] 06/9/2018 11:59

MONEYMUNCH

[moneymunch] 06/9/2018 11:56

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."

[moneymunch] 06/9/2018 11:49

would prevent or might reasonably be expected to prevent the Group from complying with its obligations under applicable laws, including AIM Rule 13;

- exercise its voting rights to procure a de-listing of the Company's shares from trading on AIM; or

- exercise its voting rights to procure or seek to procure any amendment to the Company's articles of association.

A good sign when de-rampers are about ;)

[big brother8] 06/9/2018 11:20

MONEYMUNCH

[big brother8] 06/9/2018 11:20

MONEYMUNCH

[honour among thieves] 06/9/2018 10:57

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 10:56

It was trading at 1.5p before the chinese.

Shareholders should be happy if they get 2.5p.

alas, now chinaman owns 54% means delisting is a reality.


So why become a majority shareholder with 54% if the reasons are not for taking the company private.


Delisting is extremely likely

[big brother8] 06/9/2018 10:55

MONEYMUNCH

[honour among thieves] 06/9/2018 10:54

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 09:51

Ps Beaufort man...spot on mate, or should I say dot on mate!!! Gl :-)

[moneymunch] 06/9/2018 09:50

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.