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Lol....I'm away up North for a few days, and hopefully not too long before the sp heads there too....Gla....On and Up!!! :-)

Lol....a Very Merry Christmas indeed imho....the majority of the weak worried and impatient are long gone, Canaccord's portfolio management is done, and the BIG buyers are lining up in anticipation of transformational deal news and will have to buy in pretty soon or miss out......and no doubt once the profit takers are done on deal completion, plenty of smart Money and major players will flow in for Bagir's one way trajectory ride from small cap minnow to mid cap leading player.....FILL YA BOOTS.....Upward momentum has resumed!!! :-)

Afternoon pick up just like yesterday with any luck......sooner or later news is going to drop and this current bargain low will be a distant memory.....C'mon Ruyi.....show us the MONEY!!! :-)

Cheers Sundaysun, i'm convinced that this will be one of the rising stars in 2019 under Ruyi's guidance and influence....it really is a big deal for little old Bagir and one of the best risk reward opportunities around for transformational returns from this current bargain low. Gl ;-)

Bagir 's current annual sales revenue are c$50m and they've been busy implementing cost cutting measures and stream lining production operations at their factories in Vietnam and Egypt and have already made significant progress in expanding operations at their duty free Ethiopian manufacturing base where production will be ramped up and accelerated with Ruyi's $16.5m cash injection.

The massive Chinese market will also be wide open to Bagir, enhanced by Ruyi's recent strategic partnership with the giant Chinese JD.com and it's 300 million online customers, and so the numbers could eventually be jaw dropping. ...in the meantime we should see the sp pushing higher as buying volume picks up in anticipation of imminent deal news....Excitement building for all Shareholders....and those that don't hold at the moment better get a move on , or will very likely miss out on the re-rate on confirmation of Ruyi's 54% controlling stake and receipt of $16.5m cash.... Gla Holders....it's going to be BIG.....Tick Tock BOOM!!! :-)

CEO Eran Itzhak said: "Alongside our trading performance which reflects the investment we have been making in expanding our Ethiopian production capacity, we have made significant progress since the year end with the strategic partnership with Shandong Ruyi. This will support the growth of the business, in particular the expansion of the Ethiopian manufacturing site. This investment together with being in partnership with Shandong Ruyi will undoubtedly be transformative for Bagir."

The Chinese textile manufacturer approached Bagir in June 2017 with conversations initially centred around the Ethiopian operations before widening to the whole business.

Shandong Ruyi is expected to make substantial cost savings from the deal. Itzthak said the numbers spoke for themselves: In China the cost make per suit is $18, which is not duty-free , when it comes to the US, theres an added 28% on top of costs. But the cost per suit in Ethiopia is between $3-$5, and its duty-free to the US and Europe.

https://www.drapersonline.com/news/bagir-takes-aim-at-high-end-market-with-shandong-ruyi-deal/7027739.article

Addis Ababa hosting Africa-China business forum

Africa China Business Forum

November 27,2018

Addis Ababa is hosting Africa-China business forum and it will kick off today, according information from the Ministry of Foreign Affairs of Ethiopia.

The forum is co-organized by Ethiopian Chamber of Commerce and Sectoral Association and China International Exhibition Center.

It is expected to provide Chinese companies which have already presence in the continent with the opportunity to promote their products and services in addiction to creating opportunities for partnership between Chinese companies and the African ones.

China has a huge investment in Ethiopia in textile manufacturing and construction sector, especially infrastructure development.

Ps yrabsmurruc, I reckon it's going to cost you a lot more than 2.15p if you want some tomorrow if you're not quick off the mark. Gl :-)

The Bid was 1.80p and the Ask was at 2.00p when both trades of 550k and 350k were executed , which suggests both trades were buys ( hence the upward move in sp ) , the Bid had moved up to 1.90p and the Ask to 2.10p when the 180k went through, and then the Bid moved up to 2.00p and the Ask to 2.20p by the time both of the larger trades had been reported, and so as you say , it would have cost 2.15p to buy thereafter......All bodes well for more tomorrrow with and deal news getting closer.... Gl ;-)

A couple of late reported trades for 350k and 550k, made to look like sells ( this time around) with the bid moved to 2p, but more likely buys given the price and the timing....Gla :-)

All good things come to those who wait Stuart....Chinese regulatory approval used to take ages, now it only takes a couple of months.......those that hold will be well rewarded....Shortly!!! Gl ;-)

Get real Stuart and stop showing your ignorance....the time frame of the deal is on still on track...it takes up to two months for Chinese Regulatory approval, the EGM for shareholder approval happened 9/10/18 and so what part don't you understand????

There's going to be lots of punters who wished they hadn't gave their shares up so cheaply....Gla holders....hold on tight for a sudden and significant re-rate....On and Up!!! :-)

Chinese whispers......BOOM!!! :-)

Lol....On and Up....Transformational deal news anytime now....Bagir will soon be on a one way trajectory from small cap minnow to mid cap leading player. Tick Tock Boom!!! :-)

It would appear that Bagir has slipped under the radar and is currently out of investor focus.....and Canaccord's portfolio management hasn't helped......but this will all change when deal news arrives especially given the uncertainty and concerns on deal completion that some might have....a sudden and significant re-rate on confirmation, very likely. Gl :-)

Lol...Christmas is coming and so is Bagir's transformatiional deal news......one to two months for Chinese regulatory approval and so news at anytime from now on in......;-)

Transformational deal news fast approaching....Bagir is all set for double figures in the coming weeks and months under the guidance and influence of one of the World's largest textile apparel manufacturers. Bagir will very likely be one of the rising stars of 2019 imho...... Gla Holders....Multibag ahead!!! ;-)

Cheers primesymian, I reckon this is going to be far bigger than most realise and certainty bigger than the current bargain low sp suggests , which is ludicrously low given the implications of what Ruyi will mean for Bagir's business and the fact that deal news must now be very close....it's the no brainer of no brainers imho, and I now intend to hold the majority of my shares for the foreseeable.....the development and expansion of the 100% owned duty free Ethiopian manufacturing base is reason enough but the prospect of Ruyi promoting Bagir to the Chinese market and the potential increase in sales, new business and supply contracts will no doubt take Bagir to another level....it's going to be BIG!!! ...Gl :-)

Industrial giants are pushing forward is by stepping up global acquisitions.

In February, textile manufacturer Shandong Ruyi announced the decision to purchase the Swiss luxury clothing brand Bally International in an agreement.

The year before, it acquired British clothing manufacturer Aquascutum for $117 million.

Ruyi’s first acquisition of a globally renowned brand came in 2010, and the company now owns a raft of world famous names such as Renown Incorporated, from Japan, and the SMCP Group in France.

“Acquisitions are win-win decisions,” said Li Yunpeng, Ruyi’s brand promotion director.

Through the purchase of foreign brands, Ruyi is able to enrich its own supply lines and learn more about brand building, while also giving the brands greater access to the Chinese market, Li said.

“In terms of manufacturing techniques or production quality, there is little difference between our Chinese products and these brands. The culture and design embedded in their DNA are what we should catch up with,” Li said.

With its acquisitions, Ruyi is looking to integrate its professional garment-designing resources, Li said.