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Member Info for QuickQuck

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Member Since: Fri, 7th Sep 2018

Number of Share Chat Posts (all time): 204
Number of Share Chat Posts (last 30 days): 20

Last Posted: Mon 12:13

Post Distribution over the last 30 days

Mon 12:13

You still in then Adam?
Thu 10:13

To be fair I don't think it's looking encouraging for Tuesday, or at least for completion on Tuesday surly well need another EGM now before anything can be completed.
I have a horrible feeling we're just waiting for the announcement of more delays!
6 Jun '19

And yet this would appear to be the case!
4 Jun '19

Should be, it's a good company. But unfortunately if the deal falls through it's going to be well sub 1p for a while!

I've gone from being 99% sure of this going through too 60-40 against.

After 18 months of this you can't help but feel that Ruyi are just keeping them on the hook while they decide if they still want or need them!
4 Jun '19

I think the deal is now hanging on by the skin of its teeth, personally I read the Rns as "the deal might" as,
if we can salvage something from it,

and not if we still even need it, as others have suggested!

That being said I honestly think without the deal Bagir should be growing substantially on there own, but if the deal goes belly up unfairly we're looking at sub 1 p for a while.

With that in mind I've reduced my holding to an amount I can comfortably hold onto for a couple of years while the company grows naturally and if the deal happens, all the better.
If it goes sub 1p I'll be adding like made!
31 May '19

That would be good Hinks but unfortunately its always the big boys that set the rules.
You can't really say much more than when an unconditional completion date becomes as fluid as the Ocean!
31 May '19

Yes still possible,but it reads like there holding on by there fingernails like the rest of us as the potential is so good they don't want to let go, but Ruyi are that big they can play them for as long as they like
31 May '19

Nothing about that RNS reads optimistically to me at all!
30 May '19

Well let's hope this share makes us a few bob tomorrow because I'm going to need a hair transplant and a lot of hair dye for what's left!
30 May '19

No news has got to be good news!
Unless it's the news news!
30 May '19


29 May '19

To be fair Justin Waite probably doesn't want to ask that because he doesn't want to look an idiot, baths doubled in the last 4 months!
29 May '19

I agree Primsey,
although it will have to be announced as soon as it happens so could be any time tomorrow!

24 May '19

This Time next week the stress will be over and the real fun can begin!
24 May '19

Thanks for that primesy, I thought I'd moved forward in time for a second!
23 May '19

Missed the end!

it’s now simply just a case of waiting for the final payment to arrive. The share price has been recovering strongly over the past couple of months as investors are waking up to the situation. With the deal expected to close by the end of the month now certainly looks like a good time to invest.
23 May '19

Sorry that didn't work! Nice article in uk investor

Founded in 1961 AIM listed Bagir Group Ltd is a maker of innovative tailored garments for men and women throughout the world. Their clothes are sold by leading private retail labels and under well-known retail brands such as H&M and Brooks Brothers. If you have ever bought a suit from either of those stores there is a good chance Bagir made it.

Bagir has had its fair share of troubles in recent times which began with the loss of Marks & Spencer back in 2014. At the time Marks & Spencer was its largest customer and revenues and margins have struggled since the loss.

With the end of the month approaching Bagir looks set to finally turn the corner and put the recent turmoil behind it. Back in November 2017 Bagir announced a Strategic Partnership with Chinese based Shandong Ruyi one of the world’s largest textile manufacturers. As part of the Strategic Partnership Shandong Ruyi is set to invest $16.5 million to acquire c.54%1 of Bagir’s enlarged share capital at a price of 3.5p per share. Although the Strategic Partnership was announced back in 2017 due to regulatory delays (a common occurrence in China) the deal has yet to close. All regulatory hurdles related to the deal have now been passed and all other conditions have been completed, all that Bagir is waiting for now is for Shandong Ruyi to make the final payment following that the deal will be closed, the deadline for completion is the 30th of May so the deal is expected to close imminently.

The Strategic Partnership will be transformational for Bagir as it vastly improves its ability to compete and win major apparel manufacturing contracts from the world’s largest retailers. Shandong Ruyi has been on an acquisition spree of late as it looks to transform itself from a textile manufacture into a global provider of affordable luxury, the opportunity is there for Bagir to become a key supplier to many of Shandong Ruy’s purchased brands.

The regulatory delays which held up the strategic partnership have presented a significant opportunity for investors, with Bagir’s share price currently hovering around the 2p mark it’s still well below Shandong Ruyi’s purchase price of 3.5p. Even at 3.5p Bagir still looks significantly undervalued, if as widely expected contracts start to flow through from Shandong Ruyi’s partner companies I would expect the share price to re-rate significantly and they could certainly be headed back towards the pre Marks & Spencer loss prices.

You may ask if Shandong Ruyi are buying in at 3.5p why do the shares currently sit at 2p, I believe the current undervaluation exists because the market had doubts that the deal would actually close and the longer the delay dragged on the more worried investors became. But as per recent announcements these doubts have now been eased, with all the conditions of the deal now completed it’s now simply ju
21 May '19

Somebody wants in now!
20 May '19

Is it just me or does everyone have to have a little chuckle when n2m signs off imho?

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