Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The only thick one is you, supposedly!! have shares but always spouting negative BS, the only thick one is you everyone can see straight through you. As for Bagir, now a profit making company done a 180 degree turn around from last year what can't you see is positive in that? Oh yeah no pictures of a factory.. Jog on you cretin, you're not very good at this and get shot down everytime you spout your BS.
What's the betting Ezry has been snapping these up today wouldn't be surprised if he goes for a takeover. Can take my 1m for 2p a share.
Wish they had timed that RNS for next Friday not today would of been all over this for more shares. Meh!
Watch the mm's try mug people bet you can't buy many.
marketanalyst1: The Shandong Ruyi deal was always thrown in for free as it was not priced in by the market. So no change to the current fundamentals. The company is still undervalued on a gargantuan scale. ...................................................... Here's a recap of my previous post that demonstrates the undervaluation: . 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 £1m; 2.7x 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, here are 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 still profoundly mispriced. Ruyi was always a bonus (not priced-in). And today's trading update was pretty positive: "Company continued to generate good sales growth for the 12 months to 31 December 2019, up 9 % to $ 59 .4 m (2018: $54.6m) and expects to deliver a return to positive adjusted EBITDA." "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 the meantime, Israeli millionaire Ben Ezry continues to build on his significant stake.
It's not going to take much to really get this going. Up 7% 1m buy yesterday hidden as a sell another 1m today, TR1 tomorrow?
People need to hold on for longer than five minutes. TR1 has to be close now.
Wonder if Ezry buying more?
Nice 900k buy.
Need to break 0.75 then 1p is on the cards, was a good week hopefully the tide has turned. Would expect a TR1 next week, then all being well year end results early March then through March build up to Shandong Ruyi on or off would of thought we'd be well north of 1p by then. I just hope it finally happens, November 2017 first announced until March 2020 is this it? Fingers crossed guys.
I'd expect a TR1 next week for Ben Ezry probably now over 15%, hold onto your shares.
Re-posting again from Advfn- marketanalyst1: Anyone heard of the Bagir Group? You know, the 59-year old, London-listed, Israel-headquartered, global innovative tailor? It specialises in developing, manufacturing and marketing of high quality men and women’s clothing. Anyone? Well, if I were to tell you that the Bagir Group is currently the most promising recovery play on the AIM market you’d probably charge me with irrational exuberance having unduly escalated its intrinsic value. Alternatively, if I told you that the £1.7m-capped Bagir Group not only registered a 32% increase in revenues for the six months ended 30 June 2019, but is also on course to smash current market forecasts with projected, year-end (2019) revenues coming in at £45.78m ($59m) you might, quite rightly, sit up and listen. Better still, when I tell you that, at £1.7m (0.60p), and less its current cash balance of £1.54m, means the market is valuing Bagir at a nonsensical and wholly irrational valuation of £200,000 you might bark the unsavoury but apt remark, “What the ….!” And so you should. To value a £45m per annum revenue-generating company, with gross margins of 11.9%, and a positive adjusted EBITDA performance of £770,000 ($1.0m), at £200,000 is nothing short of vacuous nonsense. And it is for this reason that hardened businessman and serial investor Ben Ezry (Shlomo Haim) is tripping over himself to snap-up as many shares as he can. By the way, and for those unaware, Ben Ezry is one of the richest people that have emerged from the Israeli high-tech sector. And as K1ingkonggb aptly puts it, there's three likely outcomes with monsieur Ezry's stakebuilding. I'm going for a down and outright offer for the business. This is in line with his modus operandi: buy, build, and sell. Thus, I have only three words: Follow the money.
Many have averages 1p +
Thank you to the @marketanalyst1 all credit to him or her.
Worthy repost from Advfn - marketanalyst1: 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. And yes, the stock market is not always the perfect arbiter of value. However, for as sure as night follows day, the market will soon move to correct the mispricing. In the meantime, head honcho Micha Ronen, a seasoned turnaround expert, is rapidly restoring value to Bagir and attracting new, high net worth investors.
Cash and cash equivalents at 30 June 2019 amounted to $1.6m, (31 December 2018 $3.1m).
Trade payables include $1.5m for fabric purchased from Shandong Ruyi which is payable on 31 March 2020 (as at 25 September $3.0m). So operating gain $200k + $1.6m cash as of mid year plus remaining year cost cutting and profits say they make another $200k that's $2m in cash to pay $3m hardly go bust owing worse case $1m.
With the wool from Ruyi and the operational advantage and on target for $60m revenue, how much more profit? 2 weeks to go.
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 (H1 2018: loss of $2.7m) and had positive cash flows from operating activities of $0.3m (H1 2018: negative cash flow of $6.7m).
How have you come to that conclusion?
More Ben Ezry buys? = Less shares available when and if things turn around, holding onto to mine until the very end **** or bust.