Member Info for Moneymunch

Transformational deal news coming, confirmation of Ruyi's 54% controlling stake and receipt of $16.5m cash in the bank at 3.5p a share will see a significant re-rate from this bargain low......Bagir is all set for the BIG TIME under the direction and influence and one of the World's largest textile apparel manufactures.....Double figures on the horizon in the coming months as production is ramped up at Bagir's 100% owned duty free Ethiopian factory and the massive Chinese market is opened up to Bagir with a flow of new business and supply contracts...Ruyi will be keen to see their investment and Bagir's share price rise exponentially...Exciting times ahead.....Tick Tock BOOM!!! ;-)

Lol Tony, plenty doubting your integrity when you spend your time trying to dissuade and deter.....Canaccord have finished selling imho hence their holdings Rns yesterday, and transformational deal news could drop at anytime. Bagir's CEO stated "shortly " 9th October, and so sooner rather than later. Gla holders Ruyi will transform Bagir's fortunes and those that hold will do very well indeed.:-)

Lol Tony, you're trying too hard...doesn't level 2 give you that info??? Anyway, I reckon Canaccord raised a few quid for their discretionary client/purposes and ha e no plans to sell any more, hence yesterday's holding Rns.....in the meantime I can see the sp heading upwards in anticipation of deal news...coming soon....Tick Tock Boom!!!! :-)

Lol Tony, you're displaying lowlife snide tendencies and are obviously not to be trusted!!! Gla Holders.....a transformational deal news this month...very likely , and a significant re-rate on confirmation. ;-)

and those not in...like Tony....will no doubt wish they were....Gla holders On and Up!!!! :-)

Lol Tony, stop bull shitting, it's obvious you don't hold a single share......at second glance the 1m trade was probably a sell...it looks to me that when the Rns was logged, a couple 1m buys went through from those that are privy to that sort of info, and then two 1m sells followed when they realised that it wasn't the deal Rns they were expecting but a holdings Rns instead.....and as I stated earlier if Canaccord were still selling, then they wouldn’t have released the holdings Rns today, they were under no obligation on a 1% reduction from 13.8% to 12.8% and we're mostly likely raising cash for bonuses or other interests from Hargreaves portfollio as both companies are integrated......deal news could drop at anytime, and confirmation will see this re-rate accordingly......and those not will no doubt wish they were....Ho Ho Ho:-)

And another 1m late reported buy....that makes 3 today along with the 700k buy.....all bodes well. Gla :-)

Of course they could have sold more before informing the market that they had sold 1% of their 13.8%...and so the fact they did release the Rns, probably means that they're done.....Gla holders...Deal news could drop at anytime and so get ready for a significant re-rate, and continued upward momentum as buying volume increases in anticipation. :-)

Lol Tony, at least we know you're not holding any....Ho Ho Ho.....quiet on the rise and only make an appearance on the negative....ha ha ha......the 1m sell this morning followed a 1m buy 20 minutes or so beforehand, and so both trades could be related....we've also had another 1m buy and another buy for 700k which you've failed to mention , and so plenty buying in anticipation of imminent deal news...Canaccord Genuity bought out Hargreaves for £79.5m and the integration of both businesses is expected to continue through to 2019, and so every chance that Canaccord have been releasing some cash across Hargreaves portfollio for Xmas bonuses etc....they could have sold much more if they had wanted to before informing the market, and still hold 12.8%......and so I reckon they've finished selling....Transformational deal news coming soon and those not in will wish they were and those that want in will have get a move on as the sp continues its upward momentum in anticipation.....Tick Tock Boom!!! :-)

Canaccord Genuity bought out Hargreaves Hale ( who originally held 13.8% ) earlier this year , they've sold 1% as of 26th October, no doubt to release some cash from Hargreaves portfollio for their own reasons, and presumably if they were planning to sell more , could have continued selling if they had wanted to before informing the market . Gla :-)

Not too long to go before the Chinese market will be wide open to Bagir..the upside in the coming months could see multiples of Ruyi's 3.5p a share buy price....Tick Tock Boom!!! :-)

The partnership will also see Ruyi and JD expanding their existing efforts to bring Ruyi’s portfolio brands to JD’s over 300 million customers. Ruyi already operates several flagship stores on JD.com, including Cerruti 1881, Kent and Curwen, and D’Urban, and will add stores for Sandro, Maje, Aquascutum, and its other brands on JD’s platforms.

Commenting on the partnership, Yafu Qiu, chairman of the board of Ruyi Holding Group, said in a press release: “This wide-ranging partnership agreement will help upgrade Ruyi’s capabilities across the online and offline spectrum. JD’s unrivalled expertise in e-commerce and advanced logistics capabilities makes it a great partner for Ruyi as we take a world class fashion group into the future.”

https://fashionunited.uk/news/business/jd-com-signs-boundaryless-retail-tech-deal-with-rudi/2018091038766

It's going to be BIG....Bagir are all set for some serious upside with China's largest textile apparel manufacture leading the way. :-)

9/10/18

The Board looks forward to updating the market on the completion of the Proposed Investment shortly.

Eran Itzhak, Chief Executive Officer of Bagir, said, "As we expected, today's EGM has confirmed that shareholders of Bagir are strongly supportive of Shandong Ruyi, the global textile manufacturer and retailer, investing $16.5 million into the Company to become the majority shareholder and close commercial partner. The future potential of Bagir has as a result been significantly expanded and as a management team we are looking forward to developing the business alongside our new global partner."

Will Tony and Eddie get positive know the 1m buy and tick up in sp...Ho Ho Ho;-)

Gla holders....Transformational deal news one day closer.....get ready for a significant move....On and Up!!! :-)

The point he's making is the time it took for the intial payment to be signed off which would have been needed before payment......and so news November more than likely. Gla;-)

Ps I'll be surprised if we don't get a pick up in buying volume in the coming days to take advantage of the current bargain low in anticipation. :-)

Courtesy of Bignads on Advfn......Tick Tock ;-)

I'd expect the deal to complete at a similar timeframe to that of the initial payment of the non-returnable deposit, the timeline of which was:

23 Nov 2017 - Deal (Ruyi's investment in Bagir) announced
30 Nov 2017 - Ruyi instructs bank to transfer the deposit ($1.65m)
4 Jan 2017 - Deposit received

Completion of money transfer took 6 weeks.

So, assuming that Ruyi was ready to get the ball rolling on Bagir gaining shareholder approval at the EGM on 9 October, and that similar regulatory hoops have to be jumped through as for the original cash transfer (clearances from the regulators), then I would expect the deal to complete by, at the latest, 20 November 2018 (6 weeks).

However, it is reasonable to assume that the EGM deal was anticipated and that plans were in place to expedite the process, in which case, we should see the deal completed in the next ten or so working days.

Lol :-)

Lol :-)

ps i'm expecting news tomorrow , if that helps???? Fill Ya Boots!!!....a sudden and significant re-rate when deal news lands ;-)

Lol Tony, you asking advice from someone who has forgotten that the sp has spiked to 3p plus three times since July.....Ha ha ha Gl;-)

Lol Tony, the 1m trade was bang in between the bid and the offer and so could have been a buy as there's was a .5m buy on that day....all in the mix regardless.....alllthough it would be nice to see the sp higher I have no concerns about the outcome and the expected re-rate ahead on receipt of the $16.5m cash....the sp has dropped on small selling volume and nothing else....hold on tight and enjoy the ride, deal news could drop at anytime. Gl ;-)