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Accrol Gp Share Discussion Threads
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|Good to see this on the up again,,,,took advantage of the dip tho :-)|
|Does anyone have a handle on competitors? Are there other processors in the U.K. or are finished products mostly imported?
My small holding is part of an IHT exempt portfolio. From what I read management are on the ball with modern production facilities. Just hope they can keep Lidl's custom because it is more crowded each week.
Considering a top up whilst things are quiet.|
Accrol Opens New Manufacturing Facility In Lancashire
LONDON (Alliance News) - UK tissue converter Accrol Group Holdings PLC said on Thursday it has opened its new 168,000 square feet manufacturing facility in Leyland, Lancashire.
The facility has two tissue converting lines, which will increase Accrol's total converting capacity to 143,000 tonnes a year. Although manufacturing had already begun in January, output is expected to increase as new shift patterns are added over the next few weeks, creating 80 new jobs.
This will bring the total number of employees at Accrol to 600, although the new facility has space to install four more converting lines.
Accrol Chief Executive Officer Steve Crossley said: "This new facility marks another milestone in Accrol's development, increasing our total production capacity by 25,000 tonnes to 143,000 tonnes per annum."
Shares in Accrol were up by 2.5% at 144.00 pence on Thursday.
By Dayo Laniyan; email@example.com|
|Up again :-)|
|Thanks very much for that feedback JBT, and yes we seem to be recovering nicely.|
|Seems that presentation prompted some buying today :-)|
|Thanks for posting that JBT|
|Steve Crossley came across well last night. He explained the business in a straightforward way and came across as a no-nonsense, clear-sighted manager. I doubt any of the info was new but what struck me was the commitment to ramping up production capacity. Clearly, this is required if they are to increase sales into the leading multiples. It makes me think that they must be confident of securing new contracts in this area.
After further research, I am encouraged by the debt restructuring associated with the IPO. There were high interest loans (PIK bonds) outstanding to the owners which have been repaid and SC confirmed the remaining finance is at much more advantageous rates. Interest paid will drop sharply in the cash flow statement from FY2018, boosting the free cash flow yield, and supporting a generous dividend and further reductions in net debt (in the absence of any acquisitions).
The slightly annoying aspect I didn't realise last night was the rather generous management incentive programme (MIP) which pays out 12% of value added in excess of 130p per share. At least this won't pay out until 2019 so plenty of incentive there.
This year's numbers (y/e April 2017) will be muddied by the flotation mid-year and associated costs (including debt restructuring) so it will be necessary to look through this.
Clearly there are risks - not least the possible loss of a major customer. But churn rates are currently low at around 2% and their track record has been good in recent years.
I would be surprised if the PE sellers (who still have 15%) do not sell the rest of their stake at some point but they are locked in for the time being and this could be one reason why the valuation still looks quite modest.
I've taken an initial stake but with room to add more on any market weakness.
DYOR and by all means let me know if you disagree!|
|Afraid not paleje, however I've taken advantage of this dip and topped up
Excellent divi here so happy to hold
"We remain committed to enhancing shareholder value and to the progressive dividend policy"|
|Anyone any feedback on the presentation?
Can't be anything actually new but sense of confidence can sometimes show through, I thought Steve Crossley came across pretty well at the video presentation a while back. Perhaps a trading update next month, no history to go on.|
|Nice turnaround here :-)|
|If you would like to hear Steve Crossley, Chief Executive Officer, present on behalf of Accrol he will be appearing at our next investor forum on the evening of Wednesday 29th of March. Also appearing will be the management of Watkin Jones and Molins.
To learn more about the forum and to register for free please follow this link: hxxps://www.eventbrite.co.uk/e/equity-development-investor-forum-march-2017-tickets-32226603639
The Equity Development team|
|Buyer's in on the dip !|
|Took a few more today !|
|Share price heading back to 120p to give a yield of about 5%?|
|And again today :-)|
|Yep, ticking up nicely, including the xd.|
|Buyers pushing the share price in the right direction :-)|
|Gervais Williams is a fan...
|Simon Thompson has tipped these today with 155-160 target
|Yes I think you're right CWA1. If there were any doubts yesterday should have quelled them, I can't see them shooting much further at this stage but prospects good in my view. For those who didn't see the webinar:-
- FY divi 6p virtually a certainty
- Hedging in place for YE 2018
- Possible market share increase with consumer spending squeeze
- Europe expansion prospect exciting I thought and unexpected
- Level playing field with competitors re necessary price increases
- Diverse raw material sourcing
- Diverse customer base
- Very on the ball and open management, really important this one
- Great sector unless we all stop using the loo, getting colds and spilling stuff
- CEO plans to increase holding
Main points from memory.
Wouldn't surprise me if ST updates, he has covered them a couple of times.|
|Frothy stuff, wonder if it is just recognition of decent results a bit delayed?|
|I too was was well impressed melody, a nice move up on the back of it this morning :-)|
|Excellent start from this one, long may it continue!|