I see we got a buy recommendation on britishbulls.com today
Looks like Noked Equity are trying to buy back in. I have no idea where this little flurry came from, all of a sudden loads of buys. Must be a leak me thinks. RNS in the morning?
So in the last 2 days there has been 650k shares sold and 3.6 million bought. MMs must have had a little stockpile, think they’ve run out though full ask being paid 2.8. I had initially set 4-5p as a top slice target but Year high 6.25 is looking more likely.
Was it a leak or a twitter pump or what? Nothing all day then a miniherd.
What’s happened here then? Could be fine dining tonight.
I wonder can we go a full day without a single trade.
Static despite strong buying. Wouldn’t be surprised to see a large delayed sell. I don’t think Noked are completely out yet.
Haha Sopbel! That was exactly what I thought! Got another 58000. Can’t believe that actually averages me down.
Just topped up. If RNS today/tomorrow confirms deposit has arrived, it’ll never be as low again. Must admit the delay is making me sweat a bit.
Whoever said you need patience on AIM wasn’t joking.
Fingers crossed gaf. Surely deposit has arrived by now.
Should be RNS tomorrow, hopefully to say deposit has cleared. How long can it take for money to transfer from Chinese Banks?
Gige, Barinboim currently largest shareholder - Israeli. Miton Asset Management 2nd. They’re not stupid either. They are the the 2 largest shareholders of this company, already no debt and profitable, they do not NEED to do this deal, but in their own words, will help them achieve their goals much more quickly and with more certainty. Now I wonder what their goals are? Hardly to lose money. They make up over 40% of shares and Noked used to have the balance of power. Now they have no influence so have left.
Not a bad day for Bagir. Now the seller is slowing down we are getting closer to where the SP should be - 3.5p is what Shangdong Ruyi are paying for just over half the company. Bagir are already profitable and have no debt, but will be able to achieve their aims much more quickly and with more certainty with Shangdong Ruyi on board. We have good news galore in store, each should provide a significant boost to SP. Remember, year high is 6p before any of this good news, and SP is only suppressed due to a disgruntled shareholder Noked Equity who have been offloading their 7%holding and are nearly out. Check the Holdings RNSs. The volume of sells over the past month suggests there are no other significant sellers. 1. Confirmation of $1.65 million deposit due in next day or 2 2. Chinese deal to be approved by shareholders -a given 3. Remaining $15million (yes, 15 MILLION) when approved by shareholders. 4. Updates re the known expansion of the low cost and duty free (exports to US and EU) Ethiopian plant. This is the reason the Chinese are involved. 5. Orders from Shangdong Ruyi and subsidiaries. 6. Announce commencement of progressive dividend plan as per website. Someone list the negatives for me, I can’t see any.
And days like today show the potential. 30% gain with no news. Just anticipation of RNS confirming deposit of $1.65 mill. I expect 4-5p when it arrives ‘late December’, so anytime now
The Seller was Noked Equity, check out the RNSs showing them selling. I reckon they might have around 4 million shares still to sell, when they’re gone, there will be nothing to keep the SP down. In fact, they have helped a lot of us get in on the cheap, should be grateful.
Was hoping for 7am RNS. Oh well, should be something this week.
Maybe we’ll get it for Chinese New Year! Happy Christmas guys.
Does feel odd today. 1 share bought then a 10% drop in SP on a relatively small sell. Was that the final shake before we get RNS?
Excitement building now as RNS due re receipt of 1.65 million dollar deposit. ‘Shandong Ruyi anticipates that this will be received by Bagir by late December‘. Bring on the re rate.