Member Info for jdosso

That's when BAGR was supplying M&S imagine the potential supplying Ruyi

was 3.5p now 3.6p at today's exchange rate..

Exactly

The way I see it.. Ruyi are committed to complete the deal with Bagr by 31st August. The deal will then requires shareholders approval, following approval money will be transferred middle of September.

I suggest you read second paragraph in RNS dated 23rd May 2018.

In that case expect the SP to tank further south if the EGM isn't issued today or first thing tomorrow morning.

Yes requires an EGM and shareholders approval. 31st is not a hard deadline.. Ruyi are committed to complete the deal by 31st August but egm could could drop anytime between now and around 31st August.. EGM notice requires 14 clear days.. allow 48 hours for distributing EGM notice..

I suspect the momentum will arrive as soon as the EGM notice lands and not before. It seems apparent there are plenty watching this share but waiting for confirmation of the Ruyi deal before buying in, but they will likely pay a higher premium. I am very confident and its not long to wait now..

Dont knock it, an awful lot of money can be made from Textiles and Apparel. I suspect things will get interesting next week..GLA

AST.. so they released a RNS this week to suggest they were essentially winding down operations, today they announce permit is imminent.. smells very fishy to me!!

Juicy? Give it a rest..

not sure why you just pasted that to justify not worth risking out... I'd be highlighting the point that they also paid an additional $1.65M on 18th July on top of the $1.65M already paid at the beginning of the year... Both none refundable if Ruyi are unable to commit to the deal and if that's not commitment I don't know what is..

The £3.3 will only be refundable if BAGR shareholders vote against the deal at the EGM. Which in my opinion is unlikely given the transformational opportunities ahead.

The £64k was a PI sell..

I am looking forwards for Bagir updating the market re new large volume orders which is likely to eclipse Marks and Spencer back in the day before the IPO listing.

Hungry for fashion, technology and all-things-luxury, China’s insatiable appetite for shopping and its incredible purchasing power is a stranger to no one. The 1.3 billion people-strong nation is always cited as one of the biggest retail destination of the world, sitting in close competition with the US and European states.

Though the last few years have seen quite a bit of retail downfall and store closures, the consumption heat seems to be picking up again. With several new global brands entering the market, and the pre-existing ones announcing expansion plans, it appears that a strong and steady retail rebound is on its way in China. Research reports from major consulting firms also corroborate this change. Bain & Company’s projections for 2018 state a 20-22 per cent growth and the Boston Consulting Group believes that China will account for 70 per cent of the world’s luxury growth by 2024!

Many studies have been conducted to find the reason behind the downfall and what is steering the rollback. The most obvious reason was that brands opened up stores too quickly without studying the shopper’s habits, and thus forgot about e-commerce. A rookie mistake, since online retail has a stronger adoption in China than in any other country. The consumers are accustomed to seamless omni-channel servicing and hassle-free digital payment system. This was disregarded by brands that ran mindlessly after the Chinese consumer, who is not just well travelled but expects personalisation in everything from marketing to conversation.

Another factor that worked against European brands was that the Chinese often prefer to buy their luxury products from its source destination. A notion that has both- a romantic and a very logical economic reason behind it as well as a fear of buying into China’s infamous fakes market.

International brands missed an important China opportunity but corrections are in full swing! Fashion e-tailer JD.com has partnered with Saint Laurent to manage in China launch and has invested in London-based Farfetch. Alibaba is launching its own luxury platform (Burberry is already on board) and has announced several efforts to remove branded fakes from its platform. Tod’s became the world’s first high-end brand to launch a luxury product exclusively on social media site WeChat’s Mini program and Hermès opened a pop-up store on the platform.

Having understood their shortcomings well, retailers are now building a rounded out bricks-to-clicks infrastructure and even launching exclusive collections and curated sizes for the Chinese buyer.

Thanks to better stores and optimised pricing of products, people (approximately 62 per cent, according to a report from Chinese outlet Fortune) bought their luxury goods from China itself in 2017. This is also because of the rising touristic popularity of Hong Kong, Macau, and Shanghai as travel retail destinations.

An important trend coming to the surface is the rise of ‘premium’ brands. While in

I suspect the latter and onto the main market, in 12 to 24 months. Certainly not something that will happen over night. Need to see a significant improvement to the adjusted EBITDA and that will improve with Ruyi at the helm

Volume might come.. now being ramped on twitter

Doubt it Tony, need volume for that and volume will either arrive on the next update from Bagir or as we approach August 31st.

the drop tempted quite a few buyers, ticked up, the demand is there for a bargain!

bid updated, so now you can sell ;)