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Have to say I don’t think novella as financial pr are doing a very good job. Ruyi pr team look much better
Highlight 2019: Ruyi Group Records Strong Development and Growth.
https://www.businesswire.com/news/home/20200207005342/en/Highlight-2019-Ruyi-Group-Records-Strong-Development
Ruyi has reached significant strategic cooperation with several domestic and overseas enterprises in the recent year.
That guy is irrelevant. Trust me he don't care. He sees shareholders as a nuisance
Lol I already spoke to him. Didn't u realise. He basically said can't talk. Bye
Into the 40s now as predicted 30s anyone
Into the 40s now as predicted 30s anyone
Wouldn't expect a reply straight away, as for being fake company that's funny.
Markdods u getting anything. They are fake email addresses. Everything about this company is fake we've been lead on by scammers. Who have created the bagir website to make it seem legit. Good luck
As long as it's acknowledged that's a start. Everyone else should spam him more the merrier :)
Lol that guy won't tell you anything.
I tried to email investor relations at bagir but it bounced back, looks like they've moved to o365 and as I'm not on the allowed list it got returned... Helpful then. In the end managed to email timr@novella-comms.com, just venting about lack of news share holder support. I'll post reply here if I get one back.
The AGM resolution passed was:
''Transaction Bonus: USD 100,000, upon completion of the Ruyi transaction or any other change of control;''
So DND is right.
And all these shares finding new homes at such low prices means any low ball offer has a clear chance of succeeding imho.
Generally, Bagir is extraordinarily difficult share to be long, indeed I play a lot of AIM names and the approx. 8 months of ongoing drip selling to obliterate this s/p by steady increment is fairly unique in my experience .. sure I've seen swift AIM share collapses regularly.. but against a backdrop of a company that seems to have steadied the ship and maybe even turning itself around slowly and with a large buyer hoovering up shares in the wings all the time, for this share price to have been so decimated by ongoing increment is strange/worrying indeed.
Ps: At this stage an offer in or around 1p even would be almost palatable to me .. for closure and move on.. bitterly granted.
Let's hope the bid is above 1p.......even that won't be enough to break even!
Nope your wrong it says or any material change for the bonus to be paid hense a low ball offer would net the 100k and still keep the high paying job
Yup taking it private by the looks of things hense silence from CEO for months plus funds needed. Bagr owe ruyi for the wool and materials now so it's turned round the other way hense large share holders getting out for the last year
He only gets the bonus if the Ruyi deal goes ahead, if that does the SP will be 4p plus (8 bag from these silly prices)
And the CEO got his £100k bonus......hmmmmmmmmm
One reason, if Ezry is going for a low bid offer for the company?
Yes, seems like crazy selling! people selling now are at a loss so makes no sense (unless they think this will go much lower)...
0.30 coming
40s coming ouch
Every single buy has a large reply , where are all these shares coming from because no one is declaring a tr1 reduction . The selling has been constant for months .. truely puzzled ! But it cannot carry on indefinitely, eventually they will run out of ammo ! Hold tight !
The deal isn't off until we're told simple as that, guess either way it's just speculation. With what's been happening in China it might actually enforce the case for factories outside of their country. Previous year end results 7th March 2018 + 4th April 2019 Micha Ronen as CEO previously held the roles of Chief financial officer hopefully get year end out in March so few weeks to wait, estimated $60m revenue cost cutting happening 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. Ezry stake building, sooner or later the herd will work it out. Current MCAP £1.63m too low.
dnd writes: ''Most of bagr orders in Vietnam are China so will hit hard''
But if the orders are from International retailers to Chinese manufacturers, and international demand remains broadly unaffected by Coronavirus, then those International retailers still need the product asap and as many Chinese clothes factories are shut those orders are backlogging and so some orders - maybe not current but future ones as the factories will be catching up current ones when back on line -to be passed on to Vietnam factories.. ( or Egypt or Ethiopia factories) eg Bagir's ?
Also I'm actually reasonably hopefully that the result in a few weeks time will be further progressive
I’m actually of the opinion that a confirmation of the ruyi deal being off could raise the sp from this level ! If the bod wake up and throw us a bone with any positive news 1p will come and go very quick .
Hope all the lths hold tight and remain patient. Gla
60p. Or. 0.60 ?