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||Market Cap (m)
|Household Goods & Home Construction
Accrol Gp Share Discussion Threads
Showing 26 to 48 of 50 messages
|The CEO purchase gave me the confidence to hold my majority after top slicing.Just bought the slice back on that statement.|
|Unexpected update but welcome, interims brought forward to early from mid Jan per the website a good sign too, they're on the ball.|
|The CEO purchase post Brexit and the currency hedging provides comfort.
"We remain confident in the outlook for the full year and that the strong cash flows generated by the business will support our progressive dividend policy and underpin our continued growth."|
|Yep seems to be spluttering a bit and Interims not till mid Jan.
Unfavourable fx could be bothering peeps, they did say they hedged after the Brexit result but didn't say how much so we're left guessing. The CEO purchase a couple of months back was substantial so I don't think there's trouble ahead but maybe a bit flatter than anticipated?, then again lots prices will be going up in the new year so they'll probably be able to offset most of the currency hit. Imo.|
|Shame but that's me out. Looks like trend up broken for the time being|
|Dipped my toe here.Boring but solid growth ahead.
I could be accused of bottom fishing but that is not the case here :o)|
|CEO spent £130k on shares - nice vote of confidence. Price action looking very good IMO|
|RNS increasing capacity with new premises in anticipation of growing orders from both discounters and majors. Unfussy confident communicators I like these.|
|No dividends to be paid this side of year end April 2017 MrMark01.|
|good loo rolls too. picked up a pack of 9 from b&m for £2
no tripple velvet, but means the mrs doesn't use half a roll every time to makes a visit ;)|
|boring old share, just keeps going up... making profits and paying divi's...
boring boring boring...|
|Breaking out to a new high.|
|Thanks - just discovered that myself ! Much better|
|The majority of debt is being paid off by the £60m+ from the recent listing. Ratio should be more like 1x to 1.5x at year end.|
|I like the story, but the thing that caught my eye was debt which is 4x profits which seems a bit high. Anyone any views on this?|
|Investor's Chronicle still have this as a buy.|
|From the equity development note:
"Although Accrol sources its parent reels from overseas suppliers, both it and UK mills are both subject to relatively similar forex exposure risk. Around 70% of the cost of producing a parent reel is pulp and a similar proportion of the cost of Accrol’s finished goods is tissue, both generally traded in USD. In order to hedge this risk operationally Accrol’s sources via a smaller number of mills and typically, takes over 50% of their output. That provides it with some scope to use its leverage with suppliers to push down the USD/tonne rate to protect its margins."
In other words, Brexit may cause some major short term margin pressure on the business once their current hedges expire. With most their costs of material in USD and the large movement since Brexit, they are going to have to push price increases through to 'discount' chain customers.
This is easier said than done in my experience and may have a material impact on future profitability.|
|and today all buys at 114.9p....but showing as sells|
|joined in this morning. all buys at 115p|
|ED have updated their note, no target price but PER 10 with 5% divi well covered seems good value.
|Good set of results, surprised there's no movement.|
|Up you go...
Maiden results out 22nd July. GLA|
|Big dirty small cap spread though...|