Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Founded in 1972, Shandong Ruyi Group is one of the largest textile manufacturers in China and ranks among the Top 100 Chinese multi-national enterprises. The group predominately engages in textile offerings and owns a fully-integrated value chain with operations spanning across raw materials cultivation, textiles processing, and design and sale of brands & apparel. Headquartered in Jining, Shandong, the hometown of Confucius and Mencius, Shandong Ruyi Group operates 13 domestic industrial parks and boasts some of the largest production lines and advanced technologies in China. Shandong Ruyi Group also has significant distribution with more than 4,000 points of sales (POS) network that services a global customer base spread across 6 different continents. Shandong Ruyi Group has over 20 subsidiaries, with three listed subsidiaries in China, France and Japan. The Directors of Bagir believe that through forming this strategic partnership with Shandong Ruyi Group together with the significant increase in capital, the transaction has the potential to transform the Company and its ability to compete and win major apparel manufacturing contracts from the world's largest retailers.
It's not just $16.5million though. Think about the experience and contacts that shangdong ruyi will provide. They are a massive company.
Today or tomorrow BAGR is getting $1.65million
About to blow.with good reason.
Is first payment today?
Should fly past 3p. One of the biggest Chinese company's has just bought 50% of the company at 3.5p
Blow 3p today on the bid
Nice start to the day.
Finally a bit of blue.
Some more hefty buys this morning. It's going to shoot up very soon
My recommendation is buy as many as you can afford. Short term - strong buy. Long term - very strong buy
I can't believe it's not multiples of this price already. Just keep reading the RNS. It makes you want to buy more and more. Might get confirmation tomorrow of the first payment
Another plus must be the tax losses accumulated over the past few years which way exceed the total capitalisation. Difficult to work out with the big finance credit, but worth a lot of money when they start to make real profits.
Shangdong ruyi buys trinity ltd for $285m a wholesaler and retailer of menswear 10th november 2017.I wonder who will be supplying them in the future ?
The duty free tax tax advantage imo is not priced in here .shangdong wlll also have access to cheaper raw materials also A real win win for both parties ,with factories running at full capacity has to be the aim.
Will try for a top up on monday if possible.hopefully at or around this price
And that's for only 50% of the company. I sometimes really struggle to work out fair market cap on some shares. This is is so simple. They've invested nearly double our market cap for 50% of the company. And they are going to want good return on their investment. Fair value is many multiples of today's shareprice
And a further 15 million post shareholder approval
$1.65 million. And that's only 10% of it. Such an obvious buy. Grab what you can. Not going to stick around these levels for long
Imo an all share buyout will be on the cards .see some large buying over the next few weeks .
Will have access to the duty free advantage into u.s and european markets.cheaper labour costs and functioning facility..A smart move.cheaper than building an operation from scratch.certainly been busy this month dyor.
Roy ashursta consultant to the ethiopian investment commission has forecast that garment exports from ethiopia ,will surge from $150m in 2016 to $1billion in 2018.Bolstered by the development of new industrial cities and major buyers like LVMH, already sourcing from the east african country.Average wage costs in ethiopia are $60 per month,
China is cutting import tariffs on 187 consumer goods including clothing to help spur spending and economic growth.The finance ministry said tariffs will drop from an average 17.3% to 7.7%.The cut will take effect from the beginning of december.
Yes decent buy.big mark up next week at least to the new investors buy in price.
Roll on next week