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I’m not so sure, the Chinese hold significant shares at what, 3p or something, directors also have options at higher still I believe?. This company is not unique in the sense it’s trading under value, long waits on any share, especially AIM shares simply plummet whilst waiting. I certainly wouldn’t vote to sell the company for 1.5p! With the free cash, order list and taking into account debts, looking at turnaround and orders my personal figures value this higher.. but who knows, I thought the deal would have gone through by now, and although we are waiting it doesn’t feel as certain as it did, but it’s been hard times globally, a large new client would see this fly, the deal being agreed would see this fly, buyers at these levels would be very happy and the 3p base would seem just that. I think its a hard call until we know the deal is off or on. Without it the company is still ok. Bad news and things staying the same this’ll drop and return to around here until new orders etc, deal and machinery and it’ll be a quick return to the 2-3p zone and beyond. The Chinese know this, so does the recent buyer!! Here’s hoping.
I'm still significantly involved here.. and if this goes to .5p /below I'll top up towards bringing my average price down
IF the Vietnam and Ethiopia - and even Egypt - Bagr factories are being made ongoingly more efficient then there is of course a chance of meaningful s/p improvement here .. one way or other.
Even including SR woes, a deal has a half decent chance of still happening with them imho, if it makes clear business sense for them.. and this interim US /China trade deal pushing a fuller deal further out - and big tariff reductions still dependent on that fuller deal - perhaps actually makes garment production outside China - for Chinese co's - more interesting for longer into the future now than before this interim deal was announced ?
But my guess remains that any deal with SR might well be on less favourable terms than first announced.. as the s/p versus the originally announced deal price then and now is massively worse. eg Buy the co outright for 1.5p a share for might get voted through as new generation big shareholders have say sub 1p average prices now.
S&P withdrew their rating and Moody's is on watch neg and about 1 place from default. Houlihans need to pull their finger out and refi the whole lot with some headroom to pay fines and Bagir!
With backing from big brother ...I think it will stay afloat!
Prime
Eh where. Shandong just improved their rating I thought when the govt took a stake
The news out of Shandong is dire .. bonds rated close to default, lawsuits being thrown at them and now they have issues buying cotton due to outstanding claims. It's a massive company which will probably find a way out, but it's not a pretty picture from their most important client. Shandong need to sell some assets urgently and refinance their debt .. they are over 7x leveraged at the moment which is manageable in a low rate environment but very bad if credit markets tighten.
I could not resist....220,725 buy is mine....what is it with this share, i keep wanting to buy more!
Prime.
I agree....very tempted for another nibble, just don't know where the floor is.....so trying to stay disciplined and not bite too soon.
good luck to the few that are left.
A few big ish sells the last 2 days- nice to see some buys today.
My average is around 1.7ish. Didn't intend to top up any more, but would like to average down.
I reached my top limit for my holding here,and will hold it tight for the duration....HOWEVER, will not be tempted to add anymore untill further proper news....no signs for it as yet,and the company keeps schtum with tight radio silence... the markst obviously is not impressed.
Someone losing patience by the looks of things. I’m fully loaded here but I might be tempted for another top up if the ask goes sub 0.55...
Cant see anything happening till next month now tbh! May do a final top up end of the month!
Still holding. Cant post messages every day when nothing's happening.
Wass_mo are you invested in Bagr??
Where's all the rampers gone
It's bound to happen on Monday, after 2 years I've finally given up and cut my losses, so sods law should come into play now.
GLA
So basically its not going to happen? It is setback after setback and they aren't exactly playing ball.
Ok many thanks
only the materials, machines not arrived yet....
good luck.
p.
The extension of the unconditional completion date to 31 March 2020 is conditional on Ruyi providing to Bagir all fabrics and the manufacturing equipment by the end of September 2019.
With reference to the above, does anyone know if this happened? Thanks
This is one of the things I mentioned to Tessa at the AGM. She said she'd mention it to the board that it would be good for them to own more of the business.. I think she's full of sh*t to be honest, she just wanted to go and have a gin and tonic at the airport before flying back to Tel Aviv. It's very poor when directors feel that awarding options is sufficient - PIs would much rather see them buying on the open market as it is their actual money.
I don't think they hold many
Do the directors hold any stock? Thanks
We have come to rest at this level , no volume it seems either way . Looks like something from the bod may be required to fire things up / or maybe a buying spree from our Israeli friend .
We shall see but think it’s only a matter of time before we are back in the 1.2-1.8 range again . Gla