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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.
Great thanks for that Mark
Prime
Thank you to the @marketanalyst1 all credit to him or her.
Great post. Still sitting with an average of just over 1p. Very hopefull of being in the blue soon.
Screw it averaged down a bit.
Picked up a few, weren't that easy to get hold of
Had to average down to 0.8p today.
The higher it goes the harder it will be to buy.
Many have averages 1p +
Glad I averaged it down below 1p today
Re-posting again from Advfn- marketanalyst1: Anyone heard of the Bagir Group? You know, the 59-year old, London-listed, Israel-headquartered, global innovative tailor? It specialises in developing, manufacturing and marketing of high quality men and women’s clothing. Anyone? Well, if I were to tell you that the Bagir Group is currently the most promising recovery play on the AIM market you’d probably charge me with irrational exuberance having unduly escalated its intrinsic value. Alternatively, if I told you that the £1.7m-capped Bagir Group not only registered a 32% increase in revenues for the six months ended 30 June 2019, but is also on course to smash current market forecasts with projected, year-end (2019) revenues coming in at £45.78m ($59m) you might, quite rightly, sit up and listen. Better still, when I tell you that, at £1.7m (0.60p), and less its current cash balance of £1.54m, means the market is valuing Bagir at a nonsensical and wholly irrational valuation of £200,000 you might bark the unsavoury but apt remark, “What the ….!” And so you should. To value a £45m per annum revenue-generating company, with gross margins of 11.9%, and a positive adjusted EBITDA performance of £770,000 ($1.0m), at £200,000 is nothing short of vacuous nonsense. And it is for this reason that hardened businessman and serial investor Ben Ezry (Shlomo Haim) is tripping over himself to snap-up as many shares as he can. By the way, and for those unaware, Ben Ezry is one of the richest people that have emerged from the Israeli high-tech sector. And as K1ingkonggb aptly puts it, there's three likely outcomes with monsieur Ezry's stakebuilding. I'm going for a down and outright offer for the business. This is in line with his modus operandi: buy, build, and sell. Thus, I have only three words: Follow the money.
So undervalued and worth so much more than 2mill
Marketanalyst nailed it , the disconnect in value here is huge ! I’ve been buying for a while after first buying 250k for .89 which I thought was a steal . Have since added 1m + and now average 0.72.. very happy to hold and see what happens gla