Accrol Share Discussion Threads

[dozey3] 12/10/2017 19:54

Stuffee: agree your 237. The vendors should cough up big time for misleading the market. If an impending H&S law suit is not relevant to flotation then wtf is? I believe that here we have a basically sound business, screwed by mistakes of previous owner/directors.

[deltrotter] 12/10/2017 19:16

That doesn't dignify a response

[bookbroker] 12/10/2017 19:13

Del - do you mean that a manager meaningfully tortured a member of staff by forcing his hand into grinder!

[stuffee] 12/10/2017 18:04

I suggest the likely fine by the Health & Safety Executive is not dependent just on the value of the poor employee's digit but is an assessment of its view on Accrol's penalty for operating dangerous kit, for which Accrol have pleaded guilty. The employee may well have a separate action for negligence (probably for a more modest sum).

Accrol's Admission Document, for which its directors, advised by Zeus, took responsibility, states that appropriate warranties and indemnities were given by the vendor shareholders. Since Accrol have admitted the offence, the management can not claim ignorance at the time of the IPO. I therefore suggest the Hussain family, the pocketers of £20m from the IPO, directly and indirectly, should be pursued for full recovery; a warranty claim might well be for a far higher amount than just the fine, based on investors' likely losses. Zeus may well also be in firing line.

I should warn that this may well take years to settle.

[value viper] 12/10/2017 17:26

subject to a discount of 33% ; of the total imposed ; so £3 million (!) would become £2 million : £550k to £368k at VERY best

[deltrotter] 12/10/2017 17:24

No it's not. It is also meant to act as a deterrent to stop company's playing with workers lives.

[hjrose] 12/10/2017 17:19

A helluva of a fine for a tip of a finger

[mfhmfh] 12/10/2017 17:04

The fine could be 2/3 of £550,000 if the company is lucky.

[value viper] 12/10/2017 16:59

how much is a small bit of index finger worth ? £3 million ?!?
no wonder the net debt is on the rise even with a 30% discount for being honest ?!
didn't think we were talking (potentially) this kind of money
....and this incident wasnt mentioned at all until now.....how does Zeus deal with ?

[sharesoc] 10/10/2017 19:24

There is a recent blog post by Roger Lawson on 'Accrol and Pricing Power' which can be found on our website here:

[1pvh] 09/10/2017 12:28

Sorry for repeat post

[1pvh] 09/10/2017 12:28

I got my divvis last week ?

[keyno] 09/10/2017 11:26

Sorry - mine rec'd too. Am spouting nonsense - not for the first or last time! Apols and thanks for replies.

[1pvh] 09/10/2017 11:22

Already received my divvis last week?

[wormhasturned] 09/10/2017 11:17

Unlikely, there does not seem to be much in the kitty, that statement suggests cash is critical, and the whole situation is in the hands of the bankers to the company, and whether North Edge et al are prepared to underwrite a fund-raising. Things have moved extraordinarily quick since July, things looking a bit bleak.

[keyno] 09/10/2017 10:40

Will the dividend due tomorrow be honoured?

[iomhere] 09/10/2017 09:01

CWA1
If it's the piece I read on small caps, costs have increased but earnings haven't kept pace.
Personally I shouldn't have thought the supermarkets would want to squeeze the life out of ACRL unless of course they have a better reliable option open to them. I've no idea what forms in a banker's mind since a few wobbly debts supports lending at more favourable rates for them.

[cwa1] 09/10/2017 08:20

Morning jonwig

That appears to be subscription only. Is there anything compelling or new in it?

Cheers

[bsdjj] 09/10/2017 07:49

The original founding shareholders should put their hands in their pockets. Wonder if it will happen....

[value viper] 09/10/2017 07:42

rights issue or more likely cost effective placing coming then ; if so, dilution to PIs
still, looks like it will survive (?!) ; wonder how much they gonna need
what a nightmare
co has misled investors imv and should be investigation (but there won't be)

[discodave4] 06/10/2017 18:48

shawzieNever held here, was on my watch list up until the prelims & CEO departing.Hope when it starts to trade again that the impact to holders is not too bad.DD

[shawzie] 06/10/2017 16:54

DiscoDave 4
I note that you no longer hold Accrol shares and after my previous posts, I also exited Accrol at 141p.
For existing shareholders, I hope that this company can be turned around and it should have a successful future.

[shawzie] 06/10/2017 16:33

2012 Lancashire Telegraph
A MAN got his hand stuck in a paper machine at a Blackburn factory.

Paramedics called for officers to attend Accrol Papers Ltd in Davyfield Road, at 7pm on Sunday, after the 25-year-old was injured.

A police spokesman said that the man was taken to the Royal Blackburn Hospital suffering from ‘non-life-threatening injuries’, and a file would be passed to the Health and Safety Executive (HSE).

There is no longer any police involvement.

A spokesman for HSE said that the incident report had not yet been recieved, and as such, an no investigation into the accident had begun.


A spokesman for Accrol Papers Ltd declined to comment on the incident.

Established in 1993, Accrol Papers Ltd is one of Europe’s largest independent soft tissue converters with manufacturing capacity at the purpose-built plant in Blackbun, in excess of 60,000 tonnes per annum.

Paper products including toilet rolls, kitchen towels and facial tissues.

[shawzie] 06/10/2017 16:31

2015
NIGHT-SHIFT workers at a Blackburn paper plant were evacuated when a toilet roll machine caught fire in the early hours of yesterday.

Four Lancashire Fire and Rescue crews attended the blaze at Accrol, in Roman Road, just before 3am.

About 20 staff were forced to leave a building towards the rear of the site after the fire was discovered in equipment that converts paper into toilet rolls.

Watch manager John Riley said: “The factory was occupied at the time and the fire was discovered by an employee, who raised the alarm and the factory was evacuated.


“There was heavy smoke-logging and crews spent several hours ventilating the building using ventilation fans. The cause of the fire is still under investigation but not thought to be suspicious.”

Two crews from Blackburn station, one from Darwen and one from Hyndburn, were in attendance at the scene for about three hours.

A statement from the company said: “In the early hours of Monday, September 14, Accrol experienced a fire on one its production lines.

“No-one was hurt and Accrol staff executed all procedures in an exemplary fashion.

“The Fire Brigade attended the site and contained the fire within minutes, leading to no damage to the building or stock.

“We would like to thank the Fire Brigade and its staff for their speed of response and the professional manner within which they dealt with this incident.”

Accrol was celebrating in May after announcing a recruitment drive to create 100 new jobs after its annual sales broke the £100 million mark.