focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thank you to the @marketanalyst1 all credit to him or her.
Great thanks for that Mark
Prime
Worthy repost from Advfn - marketanalyst1: Private investors would be wise to note the following; • Richland Resources is an AIM cash shell with circa £280,000 cash and is valued at £1m; 3.6x cash value. • Nu-Oil and Gas is an AIM cash shell with circa £380,000 cash and is valued at £2m; 5.2x cash value. • Bould Opportunities was an AIM cash shell with circa £800,000 cash and was valued at £2.8m; 3.5x cash value. • Bagir Group is a well-established (59-year old) innovative clothing manufacturer with circa £1.54m cash, £45m annual revenues, and gross margins of 11.9%, is currently valued at £1.6m; 1.05x cash value, and zero consideration given to its considerable design, development and manufacturing business that boasts net assets of £10.98m ($14.2m). So, based on the above, let’s have a look at three, hypothetical, valuation scenarios: 1. As an ‘AIM cash shell’, Bagir would be valued at £5.39m (3.5x cash value) or 1.70p per share. 2. As a company looking to put itself up for sale, and return cash to the shareholders, Bagir’s BOD would assign a base ‘sale price’ of £10.98m (net asset value) or 3.53p per share. 3. As a company within the textiles, apparel and luxury goods industry (sporting an average PE ratio of 21.1x), Bagir’s current PE ratio sits at 0.5x. However, were it to be valued in line with its peers, Bagir would command a market cap in excess of £65m or 20.93p per share. Thus, on all three scenarios, Bagir is profoundly mispriced. And yes, the stock market is not always the perfect arbiter of value. However, for as sure as night follows day, the market will soon move to correct the mispricing. In the meantime, head honcho Micha Ronen, a seasoned turnaround expert, is rapidly restoring value to Bagir and attracting new, high net worth investors.
Its not going bust is it when they've clearly stated shes still there into may 2020 and they looking for new chair. Plus michel didn't signal anything bad in his closing statement. He didn't really thank her either lol. Basically hes got his company back.
Anything 0.55 is a buy from our man - little buying spree .
Prime
Cash and cash equivalents at 30 June 2019 amounted to $1.6m, (31 December 2018 $3.1m).
Trade payables include $1.5m for fabric purchased from Shandong Ruyi which is payable on 31 March 2020 (as at 25 September $3.0m). So operating gain $200k + $1.6m cash as of mid year plus remaining year cost cutting and profits say they make another $200k that's $2m in cash to pay $3m hardly go bust owing worse case $1m.
How does that profit pay ruyi back there only in profit because of the materials on credit. That is tiny profit so 60 million revenues doesn't make no difference
With the wool from Ruyi and the operational advantage and on target for $60m revenue, how much more profit? 2 weeks to go.
The gross margin for the six months ended 30 June 2019 was 11.8%, compared with 6.7% for the first half of 2018. Largely as a result of the cost reduction program the Company completed in 2018. The Company made an "OPERATING GAIN" of $0.2m (H1 2018: loss of $2.7m) and had positive cash flows from operating activities of $0.3m (H1 2018: negative cash flow of $6.7m).
How have you come to that conclusion?
Going bust or private the signs all there. Bagr have no money to pay the wool and materials seen this many times before imo
More Ben Ezry buys? = Less shares available when and if things turn around, holding onto to mine until the very end **** or bust.
Well needed clear out me thinks and explains her total disinterest at the meeting.
Prime
Now we just need an rns to tell us someone from shandong ruyi to take the chairman position next month and she can help with the transition until may 20 lol
Finally, an RNS that isn't a holdings one!
I hope so but don't see it happening to be honest.
I agree that the media and PR isn't great but that might be down to clauses in the contracts with third parties.
You never see the likes of big retailers showing off their suppliers...I can assure you on that. Believe me, I want my original investment back plus a little bit of icing on top.
Let's see what evolves over the next couple of months.
I was talking about worker pictures in the factory. In 60 years there's not a single picture of the factory or supposed factories. If you look at all other big companies they have pictures and videos on their media accounts. The PR campaign for this company is non existent on all social media platforms.
So Wass, the last 60 years of being in business doesn't count for anything then.....
I find it incredulous that you can even request pics etc.....I can always send a pic of me trying to get into a suit...... :P
I'm all for balance away from fan club members only posts on BB's and respect fully negativity being posted here - the s/p has fallen off multiple cliffs one after the other so why not - but I do think your posting is progressing from reasoned negativity towards more and more wildly/outrageously deramping wass_mo. I'm quick to call out uber ramaping when I see it - as most dangerous thing to peoples wealth in this AIM game imho - and so feel I should equivalently quickly call out uber deramping: I'm now seeing your posts as moving from the usefully negative to the uselessly rubbish wass..
Philg65 answer to your question is yes. Do you have any proof that the factories are operational?.. Pictures etc
Have you heard of KOOVS. Same thing happened there?
The Company has made use of the opportunity offered by Shandong Ruyi to acquire 335,000 meters of wool and wool blend fabrics worth $3.0m with payment not due until 30 March 2020 thereby creating an excellent commercial opportunity. With that opportunity could we see a profit for 2019!? I wouldn't rule it out with the extra cost cutting that's happened plus the increase to 4000 suits from 3500 from Ethiopia factory. Just over two weeks to year end if announced at the beginning of March. and we will know. I wish us all luck.
"fake information".......best you watch your words on here as that could be deemed as libel.
The Ruyi deal isn't down to Bagir but down to the Chinese if they want to continue with their commitment. They have already obliged with a reasonable non refundable deposit. Check the last trading statement from Bagir and you're find that they are looking at their options:
"We have agreed a new date for completion of the transaction with Shandong Ruyi and we are collaborating together to support potentially one of their clients with a large production order from Vietnam. At the same time we are focused on developing the Group on a standalone basis"!
Well i hope it goes up. So i can break even and cash out. But i don't see it going up. Bagir not posting an update clearly demonstrates they are running out excuses about the ruyi deal. I think everyone's cottoned on that they have been leading people on with their fake information.