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BAGR Bagir Group Ltd.

0.475
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bagir Group Ltd. LSE:BAGR London Ordinary Share IL0011317216 ORD ILS0.04 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.475 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bagir Share Discussion Threads

Showing 1826 to 1839 of 2975 messages
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DateSubjectAuthorDiscuss
25/9/2018
04:42
On and UP!!! ;-)
moneymunch
25/9/2018
04:37
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."

moneymunch
25/9/2018
04:20
THEY CAN'T DELIST!!! HA HA HA HA HA HA HA HO HO HO HO HO HO......ONLY 10 MORE TRADING DAYS TO EGM......FILL YA BOOTS!!! ;-))))))))))

Gla Holders...Bagir is all set for the Big time under the guidance and influence of one of the World's leading textile apparel manufactures....this is one of the best risk reward opportunities for transformational upside around. ;-)

RNS 3/9/18

In addition, Shandong Ruyi undertakes that it shall not and none of its associates shall, inter alia:

- take any action which 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.

moneymunch
24/9/2018
21:39
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 likely.

Now will it crash to 0.2p or 0.25p?

We just have to wait for the rns.








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

honour among thieves
24/9/2018
15:03
Right place , right time.....no doubt Ruyi will want to take advantage of Bagir 's duty free Ethiopian factory as soon as. Gla :-)

 Major Chinese textile firms are stepping up sourcing and investment plans in Ethiopia as increasing trade tensions between the US and Beijing create an incentive for the South Asian country to look for alternative sourcing destinations.

moneymunch
24/9/2018
09:05
big week ahead

what way will she go?

futuredlighter
22/9/2018
07:35
TICK TOCK BOOM!!!

EGM FAST APPROACHING!!!......UPward momentum from now on in.... Gla Holders;-)



Bagir Interim Loss Deepens As Awaits "Transformative" Chinese Investor

LONDON (Alliance News) - Tailoring firm Bagir Group Ltd said Friday its half-year loss widened ...

21 September, 2018 | 9:22AM

LONDON (Alliance News) - Tailoring firm Bagir Group Ltd said Friday its half-year loss widened sharply as revenue fell, but costs of sales remained stubbornly stable, as it continues to await completion of a "transformative" investment.

For the six months ended June, pretax loss deepened to USD3.6 million from USD307,000 a year prior. This was after revenue fell to USD24.8 million from USD28.1 million previously.

Profit was also hurt by a flat cost of sales despite the declining revenue. Cost of sales remained fairly stable at USD23.1 million from USD23.5 million the year prior.

"During the first half of 2018, the company had a positive sales performance in line with management's expectations," Bagir Chief Executive Officer Eran Itzhak said. "Sales have been positive yet the group has continued to experience operational delays and increased production costs, which have reduced profitability and gross margin."

"Alongside our trading performance, which reflects the investment we have been making in expanding our Ethiopian production capacity, we have made significant progress since the year end with the strategic partnership with Shandong Ruyi, a global leader in textiles, which, subject to shareholder approval, will result in Shandong Ruyi investing USD16.5 million into Bagir to support of the growth of the business in particular the expansion of the Ethiopian manufacturing site," Itzhak added.

In November, Bagir announced a strategic partnership with China-based textile manufacturer Shangdong Ruyi alongside a USD16.5 million proposed investment.

In order to facilitate the Shangdong Ruyi investment, Bagir will issue 359.6 million shares at a price of 3.5 pence each, which will give the Chinese firm a 54% stake. The price was more than two-and-a-half times Bagir's share price at the time.

The deal faces a shareholder vote on October 9.

"This investment together with being in partnership with Shandong Ruyi will undoubtedly be transformative for Bagir," Itzhak said.

Shares in Bagir were 3.3% higher at 2.68 pence on Friday.

moneymunch
21/9/2018
07:43
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."

moneymunch
21/9/2018
07:37
About to go blue big time
letmepass
21/9/2018
07:26
3p calling!!! ;-)
moneymunch
21/9/2018
07:24
FILL YA BOOTS!!! Bagir is all set for the BIG TIME!!! Gla Holders....;-)
moneymunch
21/9/2018
07:21
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 likely.

Now will it crash to 0.2p or 0.25p?

We just have to wait for the rns.








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

honour among thieves
21/9/2018
07:20
FILL YA BOOTS!!! Bagir is all set for the BIG TIME!!! Gla Holders....;-)
moneymunch
21/9/2018
07:19
MONEYMUNCH
big brother8
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