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Wass, so you think it's an hooky company with dare I say false revenues, assets etc. All the past 60 years since it's inception it's been misleading investors, buyers and even suppliers!!!
Also from next month if not sooner people will start taking positions to see if the deal comes off. I hope it does finally get over the line and 3.5p is the new bottom. Now you cannot say it won't and I cannot say it will until it's announced, I guarantee you though people will start taking up positions waiting on the outcome driving the share price higher
I would only see value if Bagir were a genuine company.
No PR campaign
No pictures of people working in the factory
It's all words no action....
"Fundamentally" I see value from here. Why are you here?
Markdods..why is the share price 94% down with positive statistics?....
And why do you think buys are balanced with sells?....
Do you ever wonder....or are you a new stooge selling this to trap people
Another trade mark buy - the man just keeps going !
P.
Wass, can I borrow your crystal ball? You seem to be so certain but you know nothing. From mid year RNS "Operationally, the Group continues to focus on reducing costs where practical and is planning to make further reductions to the operational cost base during H2 2019. Our Ethiopian manufacturing site is producing 3,500 trousers per day and is on track to increase output to 4,000 trousers per day by the end of 2019. The Company has increased its focus on its wholly owned manufacturing site in Egypt as well as increasing production capacity in Vietnam." all which we find out how it reflects for 2019 in a couple of weeks year end.
What makes you think too many people have brought at this price? I have seen very little buying other than ben ezry buying and his buys have been matched pretty evenly by sells?
Yes the word "Should" doesn't mean it will ...like I said before the share price is heavily manipulated and promising figures don't mean ****. Which is why its a scam.
Too many people have bought at this price and its not going above 0.70
it's just going to sit between 0.4 and 0.7 until people sell at a loss.
"Fundamentally this share should be a lot more"
Well said cmg3100
It’s still only 6 buys today not exactly screaming buy to me
https://www.themds.com/companies/smcp-expands-in-europe-maje-opens-store-in-ibiza.html
SMCP group has multiplied by five its turnover since 2010, reaching 1 billion euros in sales in 2018 and a EBITDA margin of 16.9%. In its most recent fiscal year, the group’s revenue reached 1.1 billion euros, up 11.3%, fueled by growth in Asia Pacific, where company’s sales rose 28%. The company is owned by Shandong Ruyi, a Chinese group founded in 1972 and with interests throughout the value chain, from raw materials to fashion brands. One of its latest acquisitions was Invista, the largest manufacturer of synthetic fibers and owner of Lycra.
Wass, why do you buy shares.....cos you're bored or maybe as you want to make some money. Perhaps you might be a short term trader or long term investor but the ultimate goal is to make some decent return on your original investment. It's gotta be worth the risk than leaving it in the bank....with current interest rates!!!
Here comes the real teaser.....not all shares come up trump's but that's why we invest...we weigh up the risks of investment to get a much better return.
Have a great Monday.
And sentiment can change in a flash with the right RNS.
I can say what and do what I like. At £1.6m MCAP with three factories Egypt, Vietnam and Ethiopia doesn't matter how much gloom you try to put on this share it's a screaming buy I've seen AIM shell's with the same MCAP as this, the asset value aim listing worth multiple where we are sentiment = why we're here.
Fundamentally this share should be a lot more than it is now. But that doesn't its going to hit 1p just bcoz we think. And people here don't to know if you're buying more of this scam shares..... nobody's knows how low this can go...so please don't say this bottomed out and trap more ppl's money....
Fingers crossed our seller is out of ammo , this should move back to 0.6-0.7 again maybe a long overdue bounce back into the 1s ..
Bottomed out? I'll be buying more end of the month.
Trade mark buy from the main man, hope he knows something positive !
Good luck to those few that are left.
Prime
If Ruyi actually commit to the remainder of the monies including machinery, then you might see the PR wheels move quite rapidly.
Ruyi might just use the Vietnam contract as a benchmark before furnishing Bagir's bank account of the remainder. They may also be advised that it's going into private hands in the not too distant future so hold fire.
I agree the website actually looks really professional and user friendly. Not sure how quickly or often it gets updated though. At least the sales numbers are looking good but trouble is most investors will not be buying here till a massive pr campaign (if there is one) but if there is the sp will be much higher by the time they are buying. Till then the sp can only drift lower while no news is happening
https://www.bagirgroup.com/ looks decent. Radio silence from BOD has been bad though not helped the SP one bit. Hopefully things will change soon.
Even bagirs twitter Page doesn’t look good on the company. Last post was 2016... ruyi posting every few days. Just makes it look like they aren’t interested... how is any investor going to get excited
Looks like Ruyi are doing pretty good to me, everyone writing the deal off I wouldn't be so confident.