14.11.1625 Apr 2019 13:30
old article by Gervais WIlliams....
Bagir
The final stock mentioned by Williams is Bagir, a supplier of clothing to the retail sector.This is a company that he commented suffered extensively in share price and profit terms three years ago when its biggest customer Marks And Spencer, changed its buying habits.That sent the valuation plummeting, from 65p to closer to 3p. He remarked that the company cleared its debt by swooping it for shares.He noted that, despite the change in its relationship with M&S, the company now has sales of £50 million, ‘is almost ungeared and after things going very wrong, but things have turned around superbly.
gla!