Bagir Share Discussion Threads

[dave4545] 27/2/2019 09:13

1.59p offer now

1.599p paid as well.

Heading back to 1.7-2p levels soon enough

[dave4545] 26/2/2019 12:51

451k buy has took a lot of size out of the offer today.

150k max buy online now but it's at 1.495p so a good price.

[dave4545] 25/2/2019 12:23

As soon as the offer went to 1.5p there was nothing offered online.

Seems to be a real squeeze today. Maybe at 1.5p bid or higher the mm's will get some
sellers but right now there is not a bean of stock available

[dave4545] 25/2/2019 09:30

75k max online buy now at 1.4p

[dave4545] 22/2/2019 11:38

1.4p offer never thought that would show again this week.

Thanks to 300k seller

[mister md] 21/2/2019 14:15

50% off / Half price Sale must end soon ;)

[dave4545] 21/2/2019 11:37

Stock starting to get tight. 500k online offer yesterday now 250k left at 1.475p

[dave4545] 20/2/2019 20:36

So you have the potential investment at 3.5p against Chinese red tape.

Considering the size of this deal is quite tiny against some of their other deals over the years I think Shandong will get the green light and thus Bagir will get the funding at 3.5p and thus again the price will go nuts if the price is still continuing to trade at a massive discount that it is atm.

Remember it's still a profitable business now and has received machinery for free which will boost output so limited downside and multi-bagger upside.

[lw425] 20/2/2019 20:17

Some of the recent notable acquisitions and/or investments made by the Shandong Ruyi Group include:

· SMCP SAS - The Shandong Ruyi Group acquired a controlling stake of SMCP SAS for €1.4 billion in April 2016. SMCP SAS is a high fashion conglomerate, based in France, with over 1,200 stores across 36 countries consisting of apparel and accessories brands Sandro, Maje and Claudie Pierlot. Following the acquisition SMCP SAS accelerated its global expansion plans and in October 2017 listed on the Euronext Stock Exchange;

· Invista's Apparel & Advanced Textiles business - The Shandong Ruyi Group acquired the Apparel & Advanced Textiles business, a US focused manufacturer and retailer with brands including Lycra and Coolmax, from INVISTA, a subsidiary of Koch Industries Inc., in October 2017 for $2.7 billion;

· Aquascutum - The Shandong Ruyi Group acquired British heritage brand Aquascutum from YGM Trading Limited for $117 million in March 2017; and

· Trinity Limited - The Shandong Ruyi Group acquired 51% of Trinity Limited for HK$2.2 billion in November 2017. Trinity Limited is a Hong Kong based businesses, listed on the Hong Kong Stock Exchange, and operates as a menswear wholesale and retail retailer across China, Hong Kong and Macau, Taiwan and Europe and owns a number of international high profile brands, including Gieves and Hawkes, Kent and Curwen, Cerrutti 1881 and D'URBAN.

In addition to acquiring controlling stakes at the retail end of the textile value chain the Shandong Ruyi Group has also invested heavily in manufacturing, with recent notable investments including:

· The Shandong Ruyi Group, in May 2017, announced a $410 million investment to renovate the vacant 1.4 million-square-foot cotton spinning Sanyo factory in Arkansas; and

· The Shandong Ruyi Group, in October 2017, announced it had signed a Memorandum of Understanding with the Kano State Government to invest $600 million in order to establish a textile industrial park in Nigeria.

[dave4545] 20/2/2019 17:44

!FOLLOWFEED


The Company's Ethiopian facility has existing capacity to produce up to 3,500 suit trousers per day. The addition of the new manufacturing equipment will form the base of a new production line to manufacture suit jackets which, together with an additional investment of approximately $1.5 million from the Company, will be capable of producing 500 suit jackets per day. The additional investment is expected to take place after the completion of the investment by Shandong Ruyi and the Company expects that the suit jacket line will be fully operative by the end of H1 2020. This will be the first stage of the Company's medium term investment plans to increase the capacity of the Ethiopian facility to approximately 3,000 full suits per day using the remaining investment proceeds of $13.2 million from Shandong Ruyi, which are expected to be received no later than 30 May 2019 (following the $3.3 million non-refundable deposit already received by the Company).

So who is the mystery stake builder from Israel SHLOMO.CKHAIM.BEN EZRY

[dave4545] 20/2/2019 14:30

I bought the 2 x 250k and 375k

Bargain, as you say all your need is patience, the spike will come here again

[mister md] 20/2/2019 10:29

this seems to have woken up again - bit of patience needed ?

[k1ngkonggb] 15/2/2019 16:09

phowdo,

I doubt it very much. If a big institution wants out (as per the RNS), then they want out. Looks like they want to invest elsewhere, so be it. Just by the very nature that Ruyi has invested into machinery is a massive plus and once signed on the dotted line for the rest of the investment then this will re-rate.

[phowdo] 15/2/2019 11:45

Looks like continued selling here.

Perhaps punters are finally wising up to the fact that Israeli companies listed on the LSE are not to be trusted. See also PLUS.

[lw425] 14/2/2019 17:50

Makes one wonder how high the share price can go once Shandong start passing on some juicy contracts.

[lw425] 14/2/2019 17:49

Some of the recent notable acquisitions and/or investments made by the Shandong Ruyi Group include:

· SMCP SAS - The Shandong Ruyi Group acquired a controlling stake of SMCP SAS for €1.4 billion in April 2016. SMCP SAS is a high fashion conglomerate, based in France, with over 1,200 stores across 36 countries consisting of apparel and accessories brands Sandro, Maje and Claudie Pierlot. Following the acquisition SMCP SAS accelerated its global expansion plans and in October 2017 listed on the Euronext Stock Exchange;

· Invista's Apparel & Advanced Textiles business - The Shandong Ruyi Group acquired the Apparel & Advanced Textiles business, a US focused manufacturer and retailer with brands including Lycra and Coolmax, from INVISTA, a subsidiary of Koch Industries Inc., in October 2017 for $2.7 billion;

· Aquascutum - The Shandong Ruyi Group acquired British heritage brand Aquascutum from YGM Trading Limited for $117 million in March 2017; and

· Trinity Limited - The Shandong Ruyi Group acquired 51% of Trinity Limited for HK$2.2 billion in November 2017. Trinity Limited is a Hong Kong based businesses, listed on the Hong Kong Stock Exchange, and operates as a menswear wholesale and retail retailer across China, Hong Kong and Macau, Taiwan and Europe and owns a number of international high profile brands, including Gieves and Hawkes, Kent and Curwen, Cerrutti 1881 and D'URBAN.

In addition to acquiring controlling stakes at the retail end of the textile value chain the Shandong Ruyi Group has also invested heavily in manufacturing, with recent notable investments including:
· The Shandong Ruyi Group, in May 2017, announced a $410 million investment to renovate the vacant 1.4 million-square-foot cotton spinning Sanyo factory in Arkansas; and
· The Shandong Ruyi Group, in October 2017, announced it had signed a Memorandum of Understanding with the Kano State Government to invest $600 million in order to establish a textile industrial park in Nigeria.

[daicaprice] 13/2/2019 18:40

The AIM punters and pump and dumpers don’t like Chinese investment any more, I see it as an opportunity down here.

DC

[lw425] 13/2/2019 18:17

It's amazing this share didn't rise more today. The free machinery is worth 25% of the market cap alone.

Roll on the 13m investment at 3.5p!

[mister md] 13/2/2019 09:06

bought a chunk at 1.5p. Seems the deal is going through at least

[daicaprice] 13/2/2019 09:05

No brainier down here in my view but I thought that @2.3p !!!

DC

[mister md] 13/2/2019 08:50

odd price action. Still wondering whether to take a punt at these levels.

[daicaprice] 13/2/2019 08:04

It should be testing 12 month highs on that update and new news but I suspect we will be lucky to see 2p.

DC

[moneymunch] 13/2/2019 07:04

Strategic partner Shandong Ruyi to provide

manufacturing equipment and improved credit terms





Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to announce, that Shandong Ruyi Technology Group ("Shandong Ruyi"), a strategic partner, further to the previously announced $16.5 million proposed investment in Bagir, will provide the Company suit jacket manufacturing equipment for exclusive and indefinite use in its Ethiopian manufacturing facility. The manufacturing equipment, which consists of nearly new and second-hand machinery, is being provided to Bagir for nil consideration. The manufacturing equipment provided has an estimated market value of approximately $1.3 million. The manufacturing equipment is expected to be delivered to the Company's Ethiopian manufacturing site during 2019.

The Company's Ethiopian facility has existing capacity to produce up to 3,500 suit trousers per day. The addition of the new manufacturing equipment will form the base of a new production line to manufacture suit jackets which, together with an additional investment of approximately $1.5 million from the Company, will be capable of producing 500 suit jackets per day. The additional investment is expected to take place after the completion of the investment by Shandong Ruyi and the Company expects that the suit jacket line will be fully operative by the end of H1 2020. This will be the first stage of the Company's medium term investment plans to increase the capacity of the Ethiopian facility to approximately 3,000 full suits per day using the remaining investment proceeds of $13.2 million from Shandong Ruyi, which are expected to be received no later than 30 May 2019 (following the $3.3 million non-refundable deposit already received by the Company).

In addition, Shandong Ruyi, an existing supplier of Bagir, has granted an extension of 90 days to their usual credit payment terms on the acquisition of up to 500,000 meters of wool and wool blend fabrics at market value. This extension to Shandong Ruyi's credit terms will last until 30 June 2019.

Shandong Ruyi is a related party of the Company for the purposes of the AIM Rules by virtue of the investment agreement signed between Shandong Ruyi and Bagir on 31 August 2018. The Directors consider, having consulted with the Company's nominated adviser, N+1 Singer, that the terms of transactions detailed above are fair and reasonable insofar as the Company's shareholders are concerned.

Chief Executive Officer, Eran Itzhak, said: "We are delighted to commence our close strategic partnership with Shandong Ruyi. The machinery provided will accelerate both Bagir and Shandong Ruyi's commitment to take advantage of the manufacturing opportunity in Ethiopia. This, together with the new favourable payment terms for fabric, also shows the obvious advantages to Bagir of partnering with one of the world's leading textile manufactures."

[dave4545] 05/2/2019 10:44

Cannot believe people were selling this last week at 1.1p, all you need is a bit of patience and one by one your stocks will come good.