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Philg65 you sure know how to lead people on. This could delist and you'll still be here talking rubbish. 3.5 p is a dream.
Yeah Phil, I hope BAGR has factored all this one ....
P.
Prime, good point. I doubt Ruyi will extend favourable terms if being sued. They may want to offset the raw materials against any costs that are being banded about as part of the contract breach.
Does any one have thoughts on the raw material credit extension ?
Will BAGR pay them back of withhold now?
Prime
How can I lose my bet....I wanted it to get to 1p just to keep your bell end quiet!!!
Trust me, this will be more than 3.5p by year end!!!!
Gaf11 you said it won't be 1p for years... Wow.
Iknowverylittle and Philg65 you lose the bet. Like I said keep believing the bull****. At least everyone's been put out of their misery with the deal not going through.
I also bet that our HNWI is enjoying today, he will know more about the business than us and I can't believe that he won't be taking the opportunity to pick up more shares at this suppressed price.
whatever about the legal costing nothing, it'll cost little at worst - the poster suggesting millions is miles of for eg imhof -and I agree that SR could easily settle for a decent number and quickly .. It may even - intentionally - be a play to focus their minds into getting them to end up just completing on a deal with Bagr in some shape or form...eg revised terms that's still a nice win from Bagir.. so, perversely, an SR deal of some shape or form from here may be more likely today than it was yesterday, imho.
The derampers are out in force here this morning.. their prerogative of course.. but I clearly see this as a strongly progressive RNS in the round and put my money where my mouth is and added here and, altogether, I'm decently more confident in this share today than I was yesterday.... just my opinion of course and DYOR
''Looking ahead, the Company is finalising a plan to establish a new production line in Ethiopia to manufacture suit jackets which requires an additional investment of approximately $0.5m. The new line will be capable of producing 250 suit jackets per day.''
This can be funded in multiple ways.. eg from existing revenue, from a commercial loan or from a placing.
On a scheme of things it's a very small number and the payback potentially very quick at 250 suit jackets a day output
It won't cost anything. It's a basic breach of contract. Plus ruyi will settle fast. Everyone's suing them right now.
Company states needs 0.5 million funding
Few will be happy to take it on no win no fee....I think.
Rui news is no news really.....pretty much expeceted,but at least now is confirmed....as for the trading update,this is looking positive,and again numbers confirmed....
Silly intial SP to start with,but recovered fast.....the company will continue to focus on increasing sales togetger with tight spending control which will lead to better times....BUT, not as fast as some (and myself....) would expected,and liked....will hold for the duration....GLA.
this will cost the company multi millions to take this company to the courts.
Got to buy some more at last now at .58 p .. so bounced a bit from open but I’m still very surprised this is not decently higher than yesterdays close
I’ve been trying to add some more but can’t get a quote and deal price on Barclays - even on small quantity - for 20 mins now .. strange ... and this should have gone up and not down at open I strongly believe
Wish they had timed that RNS for next Friday not today would of been all over this for more shares. Meh!
Strong not string RNS of course
Surprised the s/p Opened down though and so I just added some at .48 p .. I expect/hope for a rally from here when people fully absorb this RNS versus the extremely low M/c here
Just think we r suing shandong. Not the other way round.
Watch the mm's try mug people bet you can't buy many.
I’m impressed with the operational progress here and believe we now have a high quality CEO in charge , which is hugely important.
I also understand they wouldn’t take legal action without being clear they have a very good case .. could be a nice windfall one way or other off the back of this
Come on mr market, this s/p is just far far too low versus the progressive reality on the ground now !!!
marketanalyst1: The Shandong Ruyi deal was always thrown in for free as it was not priced in by the market. So no change to the current fundamentals. The company is still undervalued on a gargantuan scale. ...................................................... Here's a recap of my previous post that demonstrates the undervaluation: . 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 £1m; 2.7x 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, here are 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 still profoundly mispriced. Ruyi was always a bonus (not priced-in). And today's trading update was pretty positive: "Company continued to generate good sales growth for the 12 months to 31 December 2019, up 9 % to $ 59 .4 m (2018: $54.6m) and expects to deliver a return to positive adjusted EBITDA." "The trial order for a large UK retail client will be completed and delivered during March 2020 with a $0.85m suit order for 2020 already secured from this customer." In the meantime, Israeli millionaire Ben Ezry continues to build on his significant stake.
Shandong will settle for bucks. Note the small print. All other conditions for investment had been satisfied. Easy multibags from these levels.
But what happens to the credit extensions?
p.