Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
250000 shares at 2.02p. Maybe Noked are done selling?
MMs loading up on cheap 2p shares from seller. They know know they can sell for multiples of this price when imminent RNS lands.
I agree 10bag. What I don’t understand is why current IIs aren’t scooping up these shares at 2.1-2.2p. The SP is so obviously artificially suppressed by Noked throwing a hissy fit. And the other shareholders are obviously keen to a deal with the Chinese otherwise why bother doing a deal in the first place. I would buy the remaining shares if I could. Bargain. Cash > MC says it all.
Yes Taff, they crossed 2.7% at some point yesterday, and with 1.1 million shares gone today they are under 2.35%. Possibly under 2% as they sold 2 million yesterday and we don’t know what time they crossed 2.7% threshold. All this selling and SP has held up. From my perspective this is good news as it confirms the Chinese deal will definitely go through, otherwise why the tantrum? I hope I get paid before RNS lands so can top up before Noked run out of shares and SP hits 5-6p. Already £19k+ in here.
Delayed 500000 buy. Background seller but a background buyer too.
Interesting MMs happy to soak these up without dropping SP. Even they know they’ll get a great return on them. They’ll disappear in no time when RNS confirms deposit of $1.65million has arrived.
Noked Equity are offloading. Less than 7 million shares left at this price, then these will rocket.
As I said, less than 13% shares in public hands when Chinese get on board and Noked are completely sold. These will soar when Nokeds last 10mill are gone. There’s another 400,000 today. They’ll be gone by end of this week if RNS lands.
The total shares held by private investors is low. The total shares held by ‘significant shareholders’ that are named on the website is around 79%. Even if Noked Equity sell their entire holding, it’s still 75%. When Shangdong are issued new shares, there will be less than 13% shares in private investors hands. When SP starts to go up, it will go fast. It has twice spiked 50% on no significant news. I think it will have a sustained rise when the deposit arrives. imo
Can someone at BAGR check the bank statement today to see if the Shangdong Ruyi deposit has arrived? It’s my birthday so some good news would be nice!
SP was up 50% at one point and that’s with no RNS, what’s SP gonna do when the money arrives? Can’t see it sinking under 3p again when it does.
Believe the hype
Isn’t taking much to tick up now sellers are gone. When RNS drops confirming deposit has arrived this will rocket.
That’s what I’m thinking doghouse. Plus no debt so potential for massive dividends. Company takeover definitely on the cards but won’t be cheap as the likes of Barinboim and Miton will want a handsome profit. Probably why Chinese are only getting half, they want to extend into duty free Ethiopia so would probably have bought the whole company if they could.
Hope your right Taff. I’m £20k in here. C’mon in everyone, the waters lovely.
Looks like someone accidentally bought 300 shares instead of £300 worth as topped up immediately afterwards. Cost them £12 transaction fees instead of 6
I think it’s probably to do with the possibility of the deal falling through. Once the cash arrives, shareholders have to approve the deal, but surely this is just formality? SP hit 3.4p on the back of MOU last week, which was a no news story. What’s it gonna hit when the $1mil deposit arrives. I dunno but gotta be 5p+ (6p yr high). Maybe double that, who knows!
Bagir chief executive Eran Itzthak told Drapers that “significant commercial opportunities” could arise from Shandong Ruyi’s proposed acquisition. Among these is the potential to begin supplying some of Shandong’s stable of brands, which includes a majority stake in Aquascutum and, if approved in coming weeks, a controlling stake in Hong Kong menswear group Trinity.
https://www.drapersonline.com/news/bagir-takes-aim-at-high-end-market-with-shandong-ruyi-deal/7027739.article Old news now but only discovered this article today. Plans to double revenue. Cost to make a suit $18 in China, $3 in Ethiopia. Profits going to be huge down the line here.
DYOR You will see they had disastrous IPO, with largest customer M&S reducing orders within weeks of IPO. Never really managed to replace the orders and have spent the last few years in transition. Now have reduced costs 30%, have returned to profit, even with falling revenue but as always seem blighted by failing to secure orders. This is why the Chinese Deal is so lucrative. Some of the new funds are allocated to developing the low cost Ethiopian plant, and Shangdong have already stated their intent to ‘exploit’ the Ethiopian base to gain low cost duty free access to US and EU. That sounds like orders are no longer going to be a problem. And research how this industry is forecast to be worth 2billion/yr in Ethiopia over the next couple years. Would be interested to hear a pessimists take on it. I would like to know why people sell under 2p at the moment.