Member Info for jdosso

Will be due on 14th September 2018.. will be something to look forwards to

I was wondering when the trading update might be.. for some reason I thought it might be in september but may have got confused with another stock...

A trading update would really get things interesting.. the 3200 TRS production lines in Ethiopia should now be up and running.

Exactly lol

Yes a the very least Ruyi has effectively valued this company at £21M with their offer to buy a controling stake of 54%

Completion anytime before, just waiting for the EGM notice

Fortunately as of 18 July 2018, 56.78% of the Company's AIM securities were not in public hands.

Major shareholders have significant holdings and will be keen to see a return on their investment in Bagir

This is my take on it, the market overreacted when the Update on Strategic Partnership was released on the 18th June. why? while Ruyi has offered to invest $16.5 million and acquire c.54% of the Company's enlarged issued share capital and committed to complete the transaction by 31 August 2018, while paying a further $1.65M there isnt a cast iron guarantee that this will happen.. there is a risk that the deal could fall through.

Bagir shareholders still need to accept the deal in the EGM which will be announced shortly.

While there is a risk, I have a strong belief that this deal will be accepted.. why? the major shareholders who invested in the intial 50% ownership of Nazereth garnments, and to acquire the remaining 50% did so by buying shares at 3.5p on two separate occasions.. the 3.5p deal is significant, as it means that Ruyi are not buying 54% of the company at a discounted rate, their current holdings will not be diluted either.

ADVFN posters have combined holding of approximately 19 million, ~ 6% holding

barenboim properties is linked to Marc Zalcman, the Non-Executive Director

I think its safe to say the overhang has been cleared, but the games played by MMs this morning was odd..

I love it when a plan comes together! time to load up, shame the MMs are taking the **** at the moment.. still unable to buy in large amount. short of stock perhaps?

I cant buy much, goes NT anything over £230!!

+44 (0) 20 3151 7008 is the number to use

https://www.belex.com/en/news/made-in-ethiopia-the-birth-of-a-textile-industry/

Bagir Group Ltd. recently acquired the remaining 50% (having acquired 50% in 2014) of Nazareth Garments – the clothing producer established by the Ethiopian government in 1991. Nazareth Garments is located 100km southeast of Addis Ababa (in Adama, in the Oromia region) and produces uniforms, work clothes and casualwear. The Israeli group looks set to become the most important manufacturer in Ethiopia, thanks to tax incentives and low production costs.

Looks like the brakes are off

Nice find!

Once the deal with Shangdong Ruyi completes, employees will have the right to exercise their share option plans immediately. According to the terms of the share options granted, the vesting of 30,362,075 options will be accelerated and become immediately exercisable upon takeover event or change of control of the Company.

The range of exercise prices for share options outstanding as of 31 December 2017 USD 0.01 for 294,250 options, USD 1.8 for 132,500 options, USD 0.048 for 29,662,075 options. and 0.04 for 700,000 options.

Unfortunately for the board, the SP well under the exercise price and therefore are unable to take advantage of the option plan at the moment.. However it does mean the board has an incentive to drive the SP up..

for example if the SP reaches 9.6p, employees will be able to buy at 4.8p and make a substantial 100% gain .

in addition to this In October 2016, the Board of Directors granted 6,705,362 options to the Company's CEO, and 5,238,874 options to the Company's CFO and another 17,803,050 options to several key employees and options will be exercisable at an exercise price of GBP 0.035

Yup agreed the large late trades were sells

Given the windfall once the deal completes on the 31st August, the board may consider a buyback to reduce availability in public hands. Their main priority will be to spend the additional capital in Ethiopia to get the production lines at full capacity

I am surprised we've not seen a holdings announcement yet, its due imminently.