Member Info for laxeymouth

5 years of lukewarm & infrequent Rns , zero publicity (ever, no poddys , investor shows or even a lil' Directors talk then wham bam thank you Mam back into the (private) hands of the 'Fam' .

As would of been the plan from Day 1 of IPO.

Thanks for playing.

I'm disappointed that this has held such a high mcap during C19 . I would of liked to seen a bit of serious value ie low 20s or teens but que sara .

As ever , you need to be careful of no news shares combined with such a high BoD ownership.

Ownership = votes.

They could take this private or delist in a heartbeat and there's nothing you can do about it & there's no better way of doing it than running the SP into the ground , shedding bagholders leaving no serious objectors.

Good news via Rns will be narrated in the most lukewarm terms yet bad news will be screamed from the rooftops.

They ipo on Aim in order to pay down debt or gain a serious war chest then the 5 year downward spiral compounded by only bad news begins its journey to eventual delist.

Remember a, 3p offer to someone who bought at 2p is a handsome result. Not so to a LTH.

Not saying that's what this is , AND , I'm actually a fan BUT there are a few flags here that makes me happy to sit & watch for now.

Good luck all.

Synergies are important here (that's why Ruyi will pay 3.5p !) and I think with the installments,the credit lines and Ruyi's obvious reluctance to walk away shows we are far too entrenched for this deal not to happen.

Clothes will get more expensive and fast fashion will eventually 'enjoy' a huge backlash against production methods and exploitative wages from the cotton picker to cutter to the cashier. Trade wars may come and go but it'll be a long time until clothes are getting made in NYC or London.. Wages will rise in Ethiopia & Vietnam in the same way they rose in Bangladesh and indeed in China itself but developing countries will always be the destination of choice in the rag trade which makes Bagir pretty well placed. Let's not forget Ruyi only sell high end and have never been a 3 for a £1 merchant.

Don't forget our fully owned premises in Eypyt ,a Country which is desperate to join the apparel party.

We are an almost break even Company with a returning CEO..

All in all .. Our (nearly) new man and his brand new vision along with the cheeky little bonus he has cannily wrote in for himself to seal a deal that imo is pretty nailed on.. will be worth every penny of that if he repair this SP.

He has plenty to work with as there is nothing about this company which suggests 1.8m mcap and that's with or without Ruyi.

A trading update, an equipment delivery date or indeed another cash installment will change things in an instant here.

All possible. All ,imo, likely.

I note mateys bonus is linked to the Ruyi deal BUT the Rns also says ".... any other change of control"
That makes sense because if LV or anyone want to operate in a developing country you need to secure premises,hundreds of staff, local knowledge,local suppliers and it's far better to buy one that was 'made earlier'.

Hell, let's just weigh in all our assets across 3 territories and stick our order book on top as a sweetener .. quite sure there's enough there for 30m of anyones money.

With an AGM coming up , there's worse times to buy.. its never taken much to move this and with our recent generous sellers there should be a lot more liquidity that usual so maybe not as much NT at times of peak demand.

I know this view isn't in keeping with current mood but there's plenty value here and regards a 'placing' the SP needs to be over 1p nominal value for them to do that.

I wonder what a, post Ruyi deal, world looks like for Bagir SP when the freefloat here is getting pounded by investors worldwide given the publicity the deal will get in the industry.

Like say, not in keeping with general mood but I'm sure we'll have some cheer soon.

I know a bottom when I see one.

Gla

I am probably too positive for this bb & that is understandable given i/we totally expected this deal to have been done & dusted by now , 3p to have been a distant memory and SR holding a controlling stake bringing contracts galore.

https://fashionunited.uk/news/business/bagir-sees-strong-start-to-2019-extends-deadline-of-shandong-ruyi-deal/2019062043787

Nice article above in a non hysterical tone spells out exactly where Bagir/SR are currently, from a publication which has covered 100's of industry takeovers.

I also point to Tessa's comments in the interims regarding the deal & the delay = "The Company has no reason to believe that this intention has changed" , and , regards the equipment delivery and delay = "The Company will provide further updates on the discussions as and when there is more clarity on a delivery date... "

Madness that people sell for 0.55 at 85% discount to SR purchase point leaving Bagir with a £1.8m mcap. Or can buy for £500 what will cost Ruyi £3k!

Yep the final payment is worth x5 our Mcap ..

BUT ..

Ruyi have already given $3.3m over 18 mths which given current exchange rates is basically x2 mcap.

The equipment promised to us is worth almost our entire mcap.

The current 'trial' in Vietnam for Ruyi customer is obviously worth multiples of mcap should Bagir land it (£3m worth of fabrics & cotton is a huge order)

Micha had an extra month not covered in interims in which we can land orders to be completed before Xmas so that'll be another £4m in revs,which yep, is also 2 x our current mcap.

Then we have the deal itself .. strange how those credit terms end at the end of March.. inline with the deal completion date.

We only owe SR 1.5m now not 3.0m so it wouldn't surprise me if it ends up either another installment or indeed part of final payment (there may be even more credit to come because surely that is one way of getting round Chinese cash controls)

Businesses buy other businesses because of something called synergies (the compatibilities and financial benefits of working together becomes too valuable to the bigger company not to be secured)

https://www.scmp.com/lifestyle/fashion-beauty/article/3035927/us-china-trade-war-accelerates-apparel-factories-shift

https://www.wsj.com/articles/for-manufacturers-in-china-breaking-up-is-hard-to-do-11566397989

Synergies.

Miton have just merged with proactive and have promised a 'robust balance sheet' ..
So that's likely to involve cutting their dogs.

Btwtfdik?

I know BAGR have more substance in their fingernail then most AIM dogs could dream of.
More work than they've EVER had and IPO'd @ a much higher price & mcap WITH 20m debt!!
Which is now gone !

30m backlog ... 50m revs ... Established presence in 3 countries.

Oh .. commercial deals & $16m deal with China's biggest fashion house that MAY still go through.

2m mcap?

C'Mon?

You need to see the value wood for the trees here.

GLA.

Coldly worded results..

Fairly sure they have mates buying here.

Did I read they have tendered for four separate 'company maker' contracts way above their usual $10m average?

There's no freefloat here really. . Plenty cash and quite a niche market in which they're well established.

The world isn't getting any saner it's nice to see an investment which allows you to almost bank on Chaos.

(When the SP goes up of course.. :))

Bounced nicely though.

Gla.

Thank you .
Nice to have a comprehensive list rather than keep 'discovering' investments. :)
Can't believe how much this share is packing for a 2/3m mcap.
Still, if picking the bottom is 90% of a successful investment then we've certainly done that.
Gla.

https://twitter.com/OrioleResources/status/1153283053797728257?s=19

11% ?

Not so bleak now huh? ;)) Well held guys. .

Gaining weight healthily and daily like a rescued puppy.. Lovely to see.

This deal was signed hours before the deal deadline expired https://www.bloomberg.com/news/articles/2019-02-01/chinese-luxury-firm-closes-long-delayed-2-billion-lycra-deal Which suggests the cash didn't solidify until late on. Maybe that's why there's been installments here Maybe why Ruyi only went for half of Bagir (at First) It's not regulation approvals Bagir are waiting for it's the cash. Futher proof of this, is the extended credit terms from Ruyi and the equipment donation. Seems they are confident about it going through yet are almost apologetic about the delay, which is at Ruyis end and NOT waiting for regulatory approvals. As per Bagir final results. ". All other conditions relating to the proposed investment have been completed." Below is a fresh read which not only confirms again it's the dollar not the rubber stamp that Bagir are waiting for. But that's not the only reason to read it. The other reason is to understand the sheer scale of who is about to absorb Bagir completely. https://www.voguebusiness.com/companies/luxury-goods-conglomerate-china-lvmh Ruyi are paying 3.5p for controlling stake so therefore cannot buy more any cheaper than that as per the law within the takeover code This is way underpriced regardless of Ruyi involvement with turnovers of north of £50m, operational in 3 Countries, an actual brand, suppliers to the Ethiopian police and airlines all over the world, debt free and a multi million backlog of work to plough through. A real company!! And Aim still can't tell the difference! It will when Ruyi get in the driving seat. Gla.

Thank you Primey for your kind comments You might like this..;)) We were waiting for approvals.. "....The Proposals are conditional, amongst other things, on: (i) the passing by the Shareholders and Depositary Interest Holders of resolutions (ii) the Proposed Investment receiving approval from each of the China Provincial Development and Reform Commission, the Department of Commerce and the State Administration of Foreign Exchange; and (iii) Admission becoming effective following the receipt of the Cash Payment from Shandong Ruyi.. . " Then the delay... https://jingdaily.com/shandong-ruyi-delay/ "Shandong Ruyi remains confident about the completion of the transaction and the new completion date will provide ample time for all parties...." Then came the equipment.. and now look how the language has changed.. On 31 December 2018, a new unconditional completion date, of 30 May 2019, was announced for Shandong Ruyi to make the remaining cash payment of $13.2m. .>>>***All other conditions relating to the proposed investment have been completed***<<< Just waiting for the $13.2m cheque now and it is simple as that. Gla.

I don't post often and can't add to the decent posts here of late all i can do is underline some of what has been written, mainly.. The recent donation of almost new equipment by Ruyi totalling £1m as recent as EIGHT (lol) weeks ago would suggest the deal is very much still on.. Not to mention the £3m in two installments.. Or an EGM.. .(!) No one can say this deal isn't the real thing nor say we haven't been kept informed reasonably well every step of the way. It just takes time, this isn't a two bob outfit and things will be done properly. This is the equivalent of a tiny explorer getting picked up by Rio Tinto. A cashed up global behemoth. Soon to have a new share issue and a new market cap mainly in cash and oh, 50% owned by the biggest show in Town. And then... ..."Following Completion, Shandong Ruyi will, together with the existing management of the Group, conduct a detailed review of the operations and business strategy of the Group with a view to improving the performance of the Group and to developing a corporate strategy to broaden the income stream of the Group. Subject to the result of the review, Shandong Ruyi will consider all possible options to improve the existing operations and business of the Group or to seek new business opportunities to improve the Group's financial position and prospects, including possible co-operations with the Shandong Ruyi Group to leverage on its wide range of operations globally.." That should tell you that you are in the right place and i expect ii's to gobble up the remaining float. I do have a working theory to why there's no rush.. I assure you this plant is for the future and no where is getting cheaper than Ethiopia anytime soon so a few months feet drag is actually a good thing. China run Africa so don't sweat the approvals and Ruyi other aquisitions have all went through after a similar time so i dont worry about this. Didn't stop em' throwing us a million quids worth of equipment in the meantime did it...? (there's a clue to my theory in RNS 25/7/16 to why i think no one is forcing the issue and why just a few months delay has benefitted us. Good luck guys. There's a lot to look forward to

March is almost upon us but it literally seems as though Christmas was a fortnight ago The market has decided to let us all accumalate at this price for whatever reason. I won't shout multibags here simply because i am sensitive to the fact that LTHs have been through the wringer and personally hate it when a newb comes on the BB, in at his bargain price, thinking they know it all, telling deeply researched people how it's going to be.. But.. I see a motivated BoD who have navigated through a world of shit and have kept you informed throughout it all and have never 'hid'. I see 2k Bopd with a fully funded vision to seriously add to that via a BoD who are proven to be more than capable. Everyone loves T&T. I see a Mcap sat on it's arse just waiting for heavy newsflow, which is coming. A 50-75% bump here, is practically nailed on for anybody with the sense/patience to wait 2-3 months and a bigger prize to those who stick around. There are lots of stockmarket gifts around atm and lots of "free money" if you look hard enough. TXP is one of them. Buy.hold.repeat. Gla.

Nice post and as balanced as ever. Thank you. Lot of £100 mcap oilies would be grateful.to be in this position.

Can't be disappointed with that boys... Already pumping 2k bopd And fully funded for a huge summer With the stickiest money in town.. 14m mcap in a friendly country..? Hello?

https://clubofmozambique.com/news/mateus-magala-exits-electricity-of-mozambique/?platform=hootsuite "The next chairman of EDM is expected to be appointed at next week’s Council of Ministers meeting."

Interesting link which shows the importance of EDM Chair and its careful selection & also notes the careful selection of a energy watchdog panel running in tandem to the Chair selection and some interesting comments regards Dam construction in our area. It would be nice to think though if these 'jobs' were posted late August then we could be well through the interview process by now. Hanno reaching out , shareholder loans , battery storage ,Tariffs agreed , jda completed , head start with the PPA , we are in pole position , all lovely jubbly... yada yada .. So what we waiting for then? We are waiting for somebody to say 'yes' Someone needed to provide our ultra serious partners with the reassurances they require. No one in place to give those assurances (as yet) This is the invisble catalyst. https://allafrica.com/stories/201808270495.html

Battery storage, no workshops and shareholder loans are all well and nice but are merely a sideshow as it's all about the EDM CEO. I check daily and it would be nice to think they will name a replacement soon but it can't be just anyone running a public utility in Africa. Carlos Yum was my favourite but apparently this is unlikely now which makes sense as that would of already happened. We await Mr Clean and when he arrives I expect JDA to be signed within a month of his butt hitting that seat. Until then everything else is noise .. including me. This remains on . Very On.

We know we have the most perfectly placed project, the most advanced in the region. We know about the strength of and keeness of our behemoth household name Partners and each of their plethora of reasons to want this as badly as us. We know of MIREMEs and EDMs need for this kind of project via their very own White papers. We know of the £1bn kickback to the Government purse and the hundreds of real jobs created along with the permanent benefits that electrification brings. We know of shareholder loans,BoD with skin and AFC never picking losers .. We know of our monster coal resource in a previously inaccessible area but now in 2018 it's the frikkin Grasmere of African coal. We know EDM was riddled with corruption from top to bottom , we know of their £5 toilet rolls , failure to collect monies owed and their over managed gravy train . https://clubofmozambique.com/news/products-for-edm-were-charged-up-to-4-times-above-market-price-ceo/ Mateus Magala was drafted in temporarily from the ADB as an Elliott Ness type to clean it up. Now he's returned to the bank , EDM are looking for a Nelson Mandela type figure. http://www.1maomz.com/en/2018/08/13/right-man-in-the-right-place/ Now we need EDM to name his replacement because our Partners need assurances from EDM in order to take this project forward. Assurances basically stating this project won't get "Africa-ed" after our partners commit multi million dollars to it. Given the history of EDM , their new guy will have to be squeaky clean as Mateus and finding that person is what the delay is. EDM and MIREME can announce all the white papers and 20 year visions they want to, but assurances given to INDIVIDUAL projects can only be given by the new man because any decisions made by a stand in , could be open to all sorts of accusations in the future. You can't have Bernie Madoff in charge of Patisserie Valerie when it relists and it's a similar situation over at electricidade de moçambique. The day of the announcement of his replacement is a huge catalyst here. In Hanno we trust but the Shareholder loan is a sideshow and regards battery storage and other assets I will say this .. Aimies need to focus on their one and only hole .. A real pet peeve of mine. Until you are producing and have millions coming in, to spend on acquisitions then there's a lot to be said for a one trick pony. If we start chasing projects here , there and everywhere then where does that leave us? Kibo? Can we please close this project first? Our Partners aren't going anywhere and have probably priced a bit of wastage into their timelines and after all it's they who have requested these assurances , so are fully aware it's a waiting game until there's a new broom at EDM. Hanno himself said in the podcast that this is the case and has been doing some sterling PR work trying to hold us all together , proving to me that it's all to play f