Member Info for Moneymunch

Lol, rub it in as much as you like Tony when we get to 3.5p, 4p, 5p , 6p......and all the way to double figures thereafter. Gla holders....3p plus coming on a half decent half yearly report.....On and Up!!!:'l

The last 4 Interim results arrived by Rns 13th, 15th, 25th and 11th September........anytime now then.......and a decent bounce up if they make good reading. Gla Holders....Hold on tight regardless for the inevitable re-rate on share holder approva for Ruyi's 54% controlling stake and $16.5m cash.. ;-)

ps i reckon sub 2.5p could now be history from now on in with any luck, and those wanting in , better get a move on. ;-)

No surprise given the spread and so how much to buy in those amounts....2.6 and 2.7 plus??? Gl ;-)

What big sells ??? :-)

Ps it's still 2.5p plus to buy, and it won't take many buyers to push this higher....only 15 working days to D Day and if the expected half yearly report is OK then a big jump more than likely in run up to EGM.....Ker-Ching!!! Gla :-)

Lol Tony although I was surprised the sp fell so low yesterday, those that sold there shares cheaply will now have to pay far more from now on in imho, and the modest fluctuations in sp are meaningless at this stage of proceedings for those that are holding for shareholder approval and beyond.....Tick Tock Boom!!! :-)

Ethiopia: Bolstering Chinese Investment in Ethiopia's Textile Sector
Tagged:

18/9/18

press release

Major Chinese textile companies are stepping up sourcing and investment plans in Ethiopia following a visit to the African country by a delegation of industry representatives organized by the International Trade Centre.

During their 26-28 August visit to Addis Ababa, eleven delegates from the China Chamber of Commerce for Textiles (CCCT) met with heads of local textile companies and leaders of Ethiopian Textile and Garment Manufacturers Association as well as with high-level government officials. They struck sourcing agreements and explored investment partnerships with Ethiopia-based partners.

The visit was part of ITC's Partnership for Investment and Growth in Africa (PIGA) project, and was one in a sequence of events aimed at boosting private investment from China in African economies.

The CCCT has a membership comprising over 12,000 textile companies in China. Its recent delegation to Ethiopia included the heads of four large-scale firms, who were excited about the prospects for more Chinese investment in Ethiopia, particularly as manufacturing costs rise in China.

https://allafrica.com/stories/201809170601.html

Bouncing off the bottom???....and If the Half Yearly Report is OK, then this could go some in run up to EGM. Gla ;-)

to go before EGM.!!! Gla ;-)

Dare i say it, but i think we've seen the bottom dependent on the Half Yearly Report. i reckon most were expecting last week and so a few sold out yesterday , perhaps thinking the perceived delay indicates that it won't make good reading, although no doubt another challenging period, the cost saving and cost cutting measures Bagir have implemented hopefully means that the report will be reasonable and confirms continued profitably....any way regardless. EGM day only 3 weeks away to $16.5m cash in the bank and Ruyi's 54% controlling stake, and Trumps latest raft of Tariffs has got be be highly significant to Ruyi and Bagir's Ethiopian base. Gla Holder...Tick Tock Boom!!! ;-)

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

The value of Bagir's 100% owned US and Europe duty free Ethiopian manufacturing base has just increased exponentially to China's Shandong Ruyi....no doubt they will be ramping up production to bypass the latest raft of tariffs on textile and apparel.....Bagir are all set for the BIG TIME!!!. Gla Holders ;-)

US imposes new tariffs on $200bn of Chinese goods

18/9/18

The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing.

The higher import taxes will apply to almost 6,000 items, marking the biggest round of US tariffs so far.

Handbags, rice and textiles will be included, but some items expected to be targeted such as smart watches and high chairs have been excluded.

China has previously vowed to retaliate against any further US tariffs.

The taxes will take effect from 24 September, starting at 10% and increasing to 25% from the start of next year unless the two countries agree a deal.

https://www.bbc.com/news/business-45555749

come to those who wait.....Gla Holders......Tick Tock...............................................Boom!!! ;-)

Every chance Tony and fingers crossed. Gl ;-)

ps arghhh.... Half Yearly Report due now.;-)

and surely someone is buying them....stock transfer underway......Sooner or later this is going to go big time . Gla :-)

Lol Tony, yet the sp remains stubbornly firm.....now where's that block buyer??? Gl :-)

Even so, most unusual and maybe something brewing indeed futuredelighter and does almost look like the transfer of stock....very interesting, especially with the HY Report expected imminently. Gla :'l

ps is someone purposely supplying the block buyer????!!!! ;-)

Lol Tony, i'm already full loaded...and no one is getting sub 2.5p ( unless the HY Report is dire ), especially in volume, and if that's what you're waiting for , then you're going to be sorely disappointed imho. Gl ;-)

They want your shares imho...Hold on tight for the inevitable re-rate. Gla ;-)

Further details of the recommended Proposals, extracted from the Circular, are set out below.

Eran Itzhak, Chief Executive Officer of Bagir said:

"We are delighted to be putting this proposal to our shareholders as we believe it to be transformative, creating a platform from which Bagir has the potential to become a significant player in our market of apparel manufacturing."