Member Info for jdosso

Yep odd.. I think the build up will commence once the EGM date has been confirmed

From RNS 23rd November 2017  An initial payment of $1.65m to be paid within 3 business days which is non-refundable in the event that Shandong Ruyi Group fails to secure Chinese regulatory consent but is refundable if Bagir's shareholders do not approve the transaction. The balance of the funds are to be paid post-shareholder approval. From RNS 9th January 2018 Bagir (AIM: BAGR), a designer, creator and provider of innovative tailoring, is pleased to confirm that it has now received the $1.65m initial deposit payment from Shandong Ruyi Group. From RNS 18th July 2018 The Company is pleased to announce that Shandong Ruyi has committed to complete the transaction by 31 August 2018 and has also paid a further $1.65 million, which has been received by the Company on 17 July 2018, in addition to the initial payment of $1.65 million that was received on 9 January 2018.

RNS states that Ruyi payments are none refundable if Ruyi don't complete the deal.

Here's the newspaper article to back up the Ruyi and Philip Green Topshop link https://www.thetimes.co.uk/article/philip-green-plots-sell-out-to-chinese-textiles-giant-shandong-ruyi-6rfr693vw

I don't doubt that but I was referring 455683 at 1.91

Finished by a distressed seller

Yeah I'd go along with that my view was two lots of $1.65M payments have already been received so the strong desire is there to complete. From memory an RNS stated that the paperwork was all but pretty much complete, just waiting on Ruyi to put forward a name for their nominated director to sit on the board.

I am not too bothered bout the deal, its done deal as far as I am concerned. I am more interested and excited to hear about the partnership's future plans for the Ethiopian site and as you say awaiting those juicy contracts to roll in.

To think that Bagir and Ruyi are committed to complete the deal by August 31st which is only 4 weeks away. The deal could actually in theory be complete within 2 weeks of the EGM notice announcement which could land anytime.

Blimey now only 2.1 to buy

Yup always the way, it was only two weeks ago people were paying 3.38p on the back of the previous rise. it wouldn't surprise me if we get another 100%+ rise on completion of the Ruyi deal.

I'd be surprised if we are not back up or close to 2.6p by the end of the week.

Just goes to show, buy when others are fearful.

Cash strapped or stupid, this stock with the Chinese backing has the potential to go double figures in the next 12 ~ 18 months. this was around 4 ~ 6p not so long ago and dropped due to bagir unable to secure large orders purely because production lines were unable to produce at the volumes required to secure these large orders. With the additional investment and Ruyi muscle that will soon turn around.

There's your 8 grand ;)

It appears so, the majority of trades this week has been PI trades..

Given that the SP was at 1.6p when it was announced that Shandong Ruyi has committed to complete the transaction by 31 August 2018.. Yes there will be dilution and I've used the following to come up with a fair bottom end valuation when the deal completes.. However given that this is a transformational deal for the Bagir Group I am expecting this to quickly rerate back to 4p and 6p within the next 12 months.. if we receive further news about the deal and future plans this is likely to go much higher..

0.016 310,542,881 £4,968,686
0.035 359,560,310 £12,584,611
MCAP £17,553,297 revised SP = 0.03

waiting patiently here as this will soon hit 3.5p 4p 8p 12p ;)

Well done Tony, a great find! Sounds like the Shandong Ruyi is a done deal, that's fantastic!

1,270,934 (SP 2.36) is a late reported Buy from yesterday at 11:03:06 where previous buy took place at 10:55:47 @ 2.3

1,114,000 (SP 2.25) is a late reported Sell from yesterday at 08:27:44 where a buy took place at 08:26:06 @ 2.37

past trading updates

13-Sep-17 07:00 RNS Half-year Report
15-Sep-16 13:20 RNS Half-year Report
25-Sep-15 07:00 RNS Interim Results