Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The Company has made use of the opportunity offered by Shandong Ruyi to acquire 335,000 meters of wool and wool blend fabrics worth $3.0m with payment not due until 30 March 2020 thereby creating an excellent commercial opportunity. With that opportunity could we see a profit for 2019!? I wouldn't rule it out with the extra cost cutting that's happened plus the increase to 4000 suits from 3500 from Ethiopia factory. Just over two weeks to year end if announced at the beginning of March. and we will know. I wish us all luck.
Also from next month if not sooner people will start taking positions to see if the deal comes off. I hope it does finally get over the line and 3.5p is the new bottom. Now you cannot say it won't and I cannot say it will until it's announced, I guarantee you though people will start taking up positions waiting on the outcome driving the share price higher
"Fundamentally" I see value from here. Why are you here?
Wass, can I borrow your crystal ball? You seem to be so certain but you know nothing. From mid year RNS "Operationally, the Group continues to focus on reducing costs where practical and is planning to make further reductions to the operational cost base during H2 2019. Our Ethiopian manufacturing site is producing 3,500 trousers per day and is on track to increase output to 4,000 trousers per day by the end of 2019. The Company has increased its focus on its wholly owned manufacturing site in Egypt as well as increasing production capacity in Vietnam." all which we find out how it reflects for 2019 in a couple of weeks year end.
"Fundamentally this share should be a lot more"
https://www.themds.com/companies/smcp-expands-in-europe-maje-opens-store-in-ibiza.html
SMCP group has multiplied by five its turnover since 2010, reaching 1 billion euros in sales in 2018 and a EBITDA margin of 16.9%. In its most recent fiscal year, the group’s revenue reached 1.1 billion euros, up 11.3%, fueled by growth in Asia Pacific, where company’s sales rose 28%. The company is owned by Shandong Ruyi, a Chinese group founded in 1972 and with interests throughout the value chain, from raw materials to fashion brands. One of its latest acquisitions was Invista, the largest manufacturer of synthetic fibers and owner of Lycra.
And sentiment can change in a flash with the right RNS.
I can say what and do what I like. At £1.6m MCAP with three factories Egypt, Vietnam and Ethiopia doesn't matter how much gloom you try to put on this share it's a screaming buy I've seen AIM shell's with the same MCAP as this, the asset value aim listing worth multiple where we are sentiment = why we're here.
Bottomed out? I'll be buying more end of the month.
https://www.bagirgroup.com/ looks decent. Radio silence from BOD has been bad though not helped the SP one bit. Hopefully things will change soon.
Looks like Ruyi are doing pretty good to me, everyone writing the deal off I wouldn't be so confident.
Highlight 2019: Ruyi Group Records Strong Development and Growth.
https://www.businesswire.com/news/home/20200207005342/en/Highlight-2019-Ruyi-Group-Records-Strong-Development
Ruyi has reached significant strategic cooperation with several domestic and overseas enterprises in the recent year.
Wouldn't expect a reply straight away, as for being fake company that's funny.
As long as it's acknowledged that's a start. Everyone else should spam him more the merrier :)
I tried to email investor relations at bagir but it bounced back, looks like they've moved to o365 and as I'm not on the allowed list it got returned... Helpful then. In the end managed to email timr@novella-comms.com, just venting about lack of news share holder support. I'll post reply here if I get one back.
The deal isn't off until we're told simple as that, guess either way it's just speculation. With what's been happening in China it might actually enforce the case for factories outside of their country. Previous year end results 7th March 2018 + 4th April 2019 Micha Ronen as CEO previously held the roles of Chief financial officer hopefully get year end out in March so few weeks to wait, estimated $60m revenue cost cutting happening Ethiopian manufacturing site is producing 3,500 trousers per day and is on track to increase output to 4,000 trousers per day by the end of 2019. Ezry stake building, sooner or later the herd will work it out. Current MCAP £1.63m too low.
Read what you wrote, it's laughable! So you're saying the someone has bought 11% of Bagir under a false name haha, keep toking the wacky backy next you'll be saying the earth is flat. Pmsl.
Do you actually believe the nonsense you write? And you wonder why your posts get removed haha.
https://www.bagirgroup.com/ working fine
Ethiopia = zero infections be good to have a factory there.. 2 + 2 = more waiting lol.