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From an outsider looking in - FWIW I think a truce needs to be called. This Covid Pandemic isn't helping anyone's mental health added constant with negativity justfified or not thrown into the mix when all shares are down / falling is a pretty low blow. We should all be trying to help each other through this not kicking a man when he's down its the last thing anyone needs especially at times like this. Stay safe all.
https://balancepower.co.uk/projects/ Birmingham 1 - 5MW ready for construction?
Ben Ezry shopping again even when the markets gone bonkers. Glad I'm not in any oil stocks at the moment.
0.70 for £50 worth imagine when volume gets here.
If I get anything else back I'll post here.
Thought I'd email Chris Chen at Ruyi -
I replied not affiliated with any media but interested in what's happening
"Hi, Mark,
I am very glad to receive your email, just one more quick question: Which media are you from?
Best regards,
Chris
Chris Chen
Global Head of Media Relations | Ruyi Holding Group
Email: Chris.Chen@chinaruyi.com
Web: www.chinaruyi.com
Tel: +86 18436321367(CN) | +1 9377163876(US)"
Definitely feels like the tide has turned at last moving in the right direction.
The completion extension was given to March 31st could it come sooner now? I'm checking for that RNS every morning, no doubt the SP will be be suspended on announcement. Good luck guys even our Wass.
Cheers Jim good summary.
Summary from Jim Price on twitter.
FY revenue $59.4m
Small orange diamondPositive EBITDA
Small orange diamondMCAP £2.1m
Small orange diamondNominal share value 1p
Small orange diamondGood prospects for winning further orders
Small orange diamondIn "friendly" negotiations with Ruyi Group
Small orange diamondFully resourced to support its current activities
Small orange diamondOpen market buyer holds 13%
Now we need sentiment to change hopefully it will, I'm feeling more positive 28 days to go.
Revenue going up costs coming down profit will come. The year end results could be sooner than later i'm hoping end of this week or early next.
Last few years year end results have been on 22nd March 2016 - 8th March 2017 - 7th March 2018 - 4th April 2019 - 2020?
That's fine but he can have my shares for 3p each. He needs to buy another 15%.
Reposting for anyone no read marketanalyst1 from Advfn 13/2/2020
11:28marketanalyst1: Private investors would be wise to note the following; • Richland Resources is an AIM cash shell with circa £280,000 cash and is valued at £1m; 3.6x cash value. • Nu-Oil and Gas is an AIM cash shell with circa £380,000 cash and is valued at £2m; 5.2x cash value. • Bould Opportunities was an AIM cash shell with circa £800,000 cash and was valued at £2.8m; 3.5x cash value. • Bagir Group is a well-established (59-year old) innovative clothing manufacturer with circa £1.54m cash, £45m annual revenues, and gross margins of 11.9%, is currently valued at £1.6m; 1.05x cash value, and zero consideration given to its considerable design, development and manufacturing business that boasts net assets of £10.98m ($14.2m). So, based on the above, let’s have a look at three, hypothetical, valuation scenarios: 1. As an ‘AIM cash shell’, Bagir would be valued at £5.39m (3.5x cash value) or 1.70p per share. 2. As a company looking to put itself up for sale, and return cash to the shareholders, Bagir’s BOD would assign a base ‘sale price’ of £10.98m (net asset value) or 3.53p per share. 3. As a company within the textiles, apparel and luxury goods industry (sporting an average PE ratio of 21.1x), Bagir’s current PE ratio sits at 0.5x. However, were it to be valued in line with its peers, Bagir would command a market cap in excess of £65m or 20.93p per share. Thus, on all three scenarios, Bagir is profoundly mispriced.
Good to see he's still buying less shares available to go around. Hopefully year end this week and we can finally start to get to a sensible SP level.
Agree there.
Profit is key "The gross margin for the six months ended 30 June 2019 was 11.8%, compared with 6.7% for the first half of 2018. Largely as a result of the cost reduction program the Company completed in 2018. The Company made an operating gain of $0.2m" $200k half year in June 2019 the year end approaches could have results next week if they make another $200k for second half ( hoping more with the extra suit production increase) say $400k profit though = £308200 or about 22% profit to the current MCAP of £1.63m bonkers.
Hoping when Ezry finally shows his hand again with the next TR1 people will start to take notice.
Opportunity is there maybe something in this "The trial order for a large UK retail client will be completed and delivered during March 2020 with a $0.85m suit order for 2020 already secured from this customer. In addition, based upon the new business pipeline there are good prospects for winning further orders from new customers during the current year." testing the water?