Bagir Share Discussion Threads

[moneymunch] 09/10/2018 11:59

This will be transformational for Bagir and its shareholders....Bagir is all set for very bright and rosy future. Gla holders:-)

[moneymunch] 09/10/2018 11:46

Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce that at the Extraordinary General Meeting ("AGM") held earlier today, all resolutions were duly passed. The resolutions to effect the Proposed Investment by Shandong Ruyi, being resolution 1, 2 and 4 were passed with 100% of votes cast in favour of the resolutions.

Completion of the Proposed Investment is now conditional upon satisfaction (or, where applicable, waived by Bagir and/or Shandong Ruyi Technology Group) of the obtaining of all necessary approvals by each of the China Provincial Development and Reform Commission, the Department of Commerce and the State Administration of Foreign Exchange and the receipt of the Cash Payment from Shandong Ruyi. On completion of the remaining conditions, application will be made for the New Ordinary Shares to be admitted to trading on AIM.

The Board looks forward to updating the market on the completion of the Proposed Investment shortly.

Eran Itzhak, Chief Executive Officer of Bagir, said, "As we expected, today's EGM has confirmed that shareholders of Bagir are strongly supportive of Shandong Ruyi, the global textile manufacturer and retailer, investing $16.5 million into the Company to become the majority shareholder and close commercial partner. The future potential of Bagir has as a result been significantly expanded and as a management team we are looking forward to developing the business alongside our new global partner."

Capitalised terms used in this announcement will have the same meanings as defined in the circular published on 3 September 2018.

[moneymunch] 09/10/2018 11:37

3p gone...this time for good!!!??? Gla holders Tick Tock Boom!!! :-)

[letmepass] 09/10/2018 11:37

Is the deal done

[bignads] 09/10/2018 09:13

EGM is at 10 - expect confirmation of the deal around 11.

[moneymunch] 08/10/2018 17:16

Perfectly poised for transformational deal news...only a few trading hours away. Gl :-)

[bignads] 08/10/2018 16:46

Disappointing price action today considering what awaits us tomorrow. Part of that was the negativity in the market, partly that a lot of traders' strategies appear to be sell out ahead of news.

A mistake in my view as the news tomorrow will be just the start of a significant rerate.

Should be good.

[moneymunch] 08/10/2018 12:35

An extra 360m shares to Ruyi at 3.5p a share for a 54% controlling stake on top of the existing 310m shares which means the % of shares in free float drops significantly......Gla Holders...The deal is transformational for Bagir's prospects and potential as Ruyi takes full advantage of the duty free Ethiopian manufacturing base....All doors soon to be wide open for Bagir including China's....Ker-Ching!!! :-)

Significant Shareholders - as at 31 July 2018

Shares Not in Public Hands

Insofar as it is aware, as at 31 July 2018, 56.78% of the Company's AIM securities were not in public hands

[letmepass] 08/10/2018 12:24

Let's talk more when it breaks 3p

[moneymunch] 08/10/2018 12:11

5p would be great....3.5p for $16.5m cash but what value for one of the World's largest textile apparel manufactures influence and direction....Double figures on the horizon. Gl:-)

[letmepass] 08/10/2018 12:07

Third time at 3p. If it can break it should see a big push to 5p

[moneymunch] 08/10/2018 12:06

Sub 3p is history....:-)

[letmepass] 08/10/2018 11:28

3p going this time. Great consolidation at this level should see a great rise with news

[moneymunch] 08/10/2018 11:11

On and UP!!! ;-)

[moneymunch] 08/10/2018 10:49

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] 08/10/2018 10:46

Nice one bignads, the outcome of tomorrow's 10am EGM should be known a few hours later imho...Bagir are all set for the BIG time with Ruyi on board, every door will soon be open to Bagir including China...Gl :-)

[bignads] 08/10/2018 10:38

Buys coming in fast now - would expect this to be 3.2-3.4 by close of play tonight...

bring it on.

[bignads] 08/10/2018 10:24

...and another £5000...

[bignads] 08/10/2018 10:20

Just went in for another £7500 worth. Stocking up when others are getting cold feet...

[moneymunch] 08/10/2018 06:39

All eyes on Bagir this week, the Ruyi deal will be transformational for all concerned and i wouldn't be surprised if Ruyi have got some good news lined up in the coming days to drive their investment and Bagir's share price significantly higher than the the 3.5p a share they're paying for their 54% controlling stake.. Gla Holders , Excitement building. ;-)

"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."

[moneymunch] 07/10/2018 08:53

This is going to be MASSIVE imho and maybe sooner rather than later....the AIM tiddler Bagir will soon be on the World's stage under the guidance, direction and influence of the multi-billion dollar Ruyi, the World's leading textile apparel
conglomerate......this will be double figures soon enough as Bagir and Ruyi's development plans for the accelerated expansion and production of the Ethiopian manufacturing base are implemented. Gla ;-)

...............................

- 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] 05/10/2018 19:58

Ps Roll on Monday....sub 3p will be HISTORY...Ho Ho Ho:-)

[moneymunch] 05/10/2018 17:16

Yes indeed, infact maybe 5p plus to be tested next week...4p plus at the very least...Gla holders....Roll on Tuesday:-)

[letmepass] 05/10/2018 16:00

Can 3p ever broken. Hahaha