Bagir Share Discussion Threads

[moneymunch] 20/12/2018 18:30

Lol, a couple of sad pathetic troll gimps, bitter and twisted and consumed by jealousy and envy.... ha ha ha ha, they're going to hate it when Bagir's deal news arrives...ho ho ho ho .....Gla Holders...anytime now!!! ;-)

[moneymunch] 19/12/2018 21:49

Lol...Elclap, you sad lonely old troll....still bitter and twisted on missing out on Ukog's stellar rise and consumed by jealousy and envy on the £120k profit I made...ha ha ha ha ha...a smack in your red squirming face that still hurts...Ho Ho Ho Ho Ho...:-)))))

[elcapital2018] 19/12/2018 21:32

ukog DOWN 90% and falling

MYSYS DOWN 75% from 4 to 1

You are a clown

[moneymunch] 19/12/2018 21:25

A good time to buy back in then...watch and weep creep...Ho Ho Ho Ho Ho Ho, you sad troll gimp....:-)

[elcapital2018] 19/12/2018 21:19

ukog DOWN 90% and falling

MYSYS DOWN 75% from 4 to 1

You are a clown

[moneymunch] 19/12/2018 21:17

Ps time to buy Ukog and Msys me thinks....C'mon Ruyi show us the MONEY!!! Tick Tock Boom!!! :-)

[elcapital2018] 19/12/2018 21:16

ukog DOWN 90% and falling

MYSYS DOWN 75% from 4 to 1

You are a clown

[moneymunch] 19/12/2018 21:15

Lol Elclap you bitter and twisted little troll, try and find something more useful to do with you sad and fading existence....another lonely Christmas for you I expect...Ho Ho Ho Ho Ho Ho Ho:-)

[elcapital2018] 19/12/2018 21:08

ukog DOWN 90% and falling

MYSYS DOWN 75% from 4 to 1

You are a clown

[moneymunch] 17/12/2018 08:20

Lol Stephanie, bitter and twisted and consumed by jealousy and envy, the sad pathetic troll creature who hasn't got a clue....Ha ha ha ha ha ha ....Gla Holders Transformational deal news is coming.....;-)

[moneymunch] 15/12/2018 10:32

Cheers jamdan, no guarantees in this game of course, but the risk reward looks firmly in our favour, and so game on just as soon as Bagir receives the full payment of $16.5m cash and Ruyi take their 54% controlling stake in the business, Bagir will be on a one way trajectory from small cap tiddler to a leading player under Ruyi's direction and influence.....they're one of the world's largest textile manufacturers with global aspirations in the luxury apparel market and i can't think of many other Aim listed companies where such a heavy weight has taken control.....you can imagine the market response if an oil or banking/financial major, and or leading technology/software player had the same intentions as Ruyi on a similar size Aim listed company.....this really is a big deal for Bagir's future earnings and so every chance full market appreciation will follow on confirmation that the deal is signed and delivered.....Gl ;-)

[jamdan1] 15/12/2018 09:49

No one can knock your conviction moneymunch. Hope your right as I've got a few quid riding on this deal coming* through

[moneymunch] 15/12/2018 09:14

All good things come to those who wait......the patient and impatient are/were expecting news imminently , ever since the EGM for shareholder approval 9th October, and so whenever buying volume picked up during that time, those invested were hoping that this was an indication that Rns deal news was on it's way.... the fact that we're still awaiting news suggests that Chinese regulatory approval takes a tad longer than anticipated, and i'm sure Bagir's statement that the deal would be concluded "shortly" would have been on direction from Ruyi's expectations.

The following article suggests up to two months for regulatory approval, and so the time it took Ruyi to forward the application following EGM approval ( they could have taken at least a week or more for all we know ) and the time it takes Chinese regulators to respond suggests that we're still in the 2 month time frame.

Chinese regulatory approval used to take a lot longer......it's now been accelerated to take up to 2 months......so anytime now imho.....Gla holders.... ;-)

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

Points to Remember in Outbound M&A Deals by ... - Mizuho Bank

2 Feb 2016 - Shandong Ruyi Group acquired Renown, an apparel ... commercial department and/or the State Administration of Foreign. Exchange, etc., in ...

Accelerating outbound M&A deals by Chinese companies

Boosted by deregulations in China

In addition, application procedures were streamlined, and the time required was drastically reduced to approximately one or two months.



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

The perceived delay has caused the impatient and those that are concerned if the deal will ever be concluded , to sell up , hence the current low sp, which almost looks to be priced that there is a problem and the deal will not happen, although as far as i'm concerned , we're still firmly in the expected time frame and Ruyi have continued to show their commitment with 2 x $1.65m cash payments and the legal contracts that Bagir were awaiting from Ruyi for the EGM to go ahead.........Transformational deal news is coming imho.....and the share price will re-rate accordingly from this rockbottom bargain low.......this really is a massive deal for Bagir and Ruyi will transform Bagir's fortunes......it's still a no-brainer imho and those that hold will be well rewarded, especially in the coming year as expansion plans are implemented and new business and supply contracts roll in thereafter, and once the deal is confirmed it shouldn't take too long before Bagir has access to the massive Chinese market including Ruyi's recent strategic partnership with the giant Chinese JD.com and it's 300 million online customers ....Gla Holders....Hold on tight for transformational returns......it's going to be BIG!!! ;-)

[moneymunch] 14/12/2018 05:55

It seems pretty clear why Ruyi wants a 54% controlling stake in Bagir, and it's not just the attraction and advantage of the 100% owned Duty Free Ethiopian factory, Bagir are an Israeli business and so maybe Ruyi have got big plans for Egyptian production as well as Ethiopia.....Gla holders.....it's going to be BIG!!! ;-)

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

14/12/18

Egypt is particularly attractive as a result of its Qualifying Industrial Zones (QIZ), a programme that allows Egyptian manufacturers to export garments to the US duty-free if at least 10.5 percent of products used in a garment are Israeli

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

China's investment in Suez Canal zone tells success story of economic partnership: Egyptian official

2018-09-01 23:57:56

Taha revealed that four contracts on new Chinese investment in the Egyptian economic zone are expected to be signed during Sisi's visit in Beijing.

"One of them is about the establishment of a factory for China's textile giant Shandong Ruyi Technology Group with huge investments and thousands of job opportunities," Taha pointed out.

[moneymunch] 14/12/2018 05:44

All bases covered.....Gla Holders ;-)

Tax-free incentive

Egypt is particularly attractive as a result of its Qualifying Industrial Zones (QIZ), a programme that allows Egyptian manufacturers to export garments to the US duty-free if at least 10.5 percent of products used in a garment are Israeli.

The zones were established by the US Congress in 1996 to "normalise relations" between Egypt and Israel, and has generated over $8.6bn in exports since 2004, according to the Readymade Garment Export Council of Egypt (RMGEC).

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

Billions from China

Key to Egypt expanding significantly will be Chinese investment. “The US says it is coming to Egypt as an alternative to China, and we can see the Chinese are interested in investing in Egypt,” said Sherin Hosni, executive director of the RMGEC.

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

Yet while Egypt offers favourable investment terms to foreign companies - Turkish and South Korean firms are already established at QIZs – Egyptian companies may feel the squeeze and are looking to move south.

“Ethiopia is giving us more options,” said the production manager of a family-run Egyptian textile company who wanted anonymity because he also feared repercussions he could face in Egypt for speaking to journalists.

“In two or three years' time, Chinese companies could kill the market here, and are tax-free to get set up, while we don’t have that advantage. We are going to move to Ethiopia as electricity is half the price, wages are as low as $30 a month, land is free (at industrial zones), and they also have an FTA with the USA.”

[moneymunch] 14/12/2018 05:43

21/9/18

The Group is focused on its three core manufacturing geographies in Vietnam, Egypt and Ethiopia. These three manufacturing facilities, in particular Ethiopia, over the medium-longer term, give the Group a competitive advantage in the production of textiles for export to the EU and US. This competitive advantage is centered on the facilities benefiting from duty free status for sales into the EU and US (except Vietnam), highly competitive production costs and local government support for the textile industry. The Company intends to reduce the number of third party production sites in Vietnam from three to two, it will continue to manufacture from its wholly owned site in Ethiopia and from its 50:50 joint venture and subcontractor in Egypt.

The Company signed a lease extension in August 2018 for the building and its facilities for the Group's 50:50 joint venture manufacturing facility in Egypt, from May 2020 to July 2022. The Company has also signed a sub-contracting agreement with its Egypt joint venture partner, for additional production capacity in the Egypt joint venture partner's wholly owned Egyptian manufacturing site, locking in capacity and production costs for 500 suits and 200 trousers per working day from 2019 until July 2022. These developments will ensure the Group's ability to fulfill volume orders from the USA from this duty free country, at competitive prices, supporting the USA market growth strategy.

The site in Ethiopia which the Group now owns in its entirety is considered by the Directors to be fundamental to the future growth prospects of the Group. The Ethiopian facility produces suit trousers, with a current production rate of approximately 2,500 trousers per day, which is expected to grow to 3,200 trousers per day by the end of the year.

The USA is the Company's largest market and the Company will increase its focus on the USA where the average transaction size is larger.

[moneymunch] 13/12/2018 15:41

Grrrrrr...sub 2p's back....but only briefly...C'mon Ruyi, show us the MONEY!!! :-)