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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.
Have to say I don’t think novella as financial pr are doing a very good job. Ruyi pr team look much better
Looks like Ruyi are doing pretty good to me, everyone writing the deal off I wouldn't be so confident.
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
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.
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
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.
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.
It’s still only 6 buys today not exactly screaming buy to me
"Fundamentally this share should be a lot more"
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.
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?
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.
Another trade mark buy - the man just keeps going !
P.
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
"Fundamentally" I see value from here. Why are you here?
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....
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
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!!!
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.
"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"!
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.
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?
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..