Accrol Share Discussion Threads

[salchow] 20/11/2017 09:35

jonwig - Stockopedia's site is paid for but I think you can always access PP's comments for free. I am not a holder here. The problem to me having had clients who served supermarkets was that they were almost exclusively providing supermarket and discounter labels rather than having much of their own brand. This can leave you in a very difficult place.

[eastbourne1982] 20/11/2017 08:15

Placing at 50p, seems very high to me.

[jonwig] 20/11/2017 08:04

HSBC are basically telling them to turn the business to breakeven starting 1 May 2018 and cash profitable for the full year to April 2019.

@ discodave - I thought Stockopedia was a paid-for site? My irony was a bit heavy, admitted!

[discodave4] 19/11/2017 18:28

It's free jonwig and tbh many would pay.........personally have learnt a lot reading PP's small cap report in stocko.If a placing is at 50p then it would reaffirm somewhat that the vendors and advisors at IPO were indeed laughing all the way to the bank!.Hope for holders sake that it's not such a heavily discounted placing.DD

[jonwig] 19/11/2017 14:24

@ paulypilot - thanks for the incisive analysis. And folks pay to read your stuff!

@ Kamitora - won't be long before they get a workaround.

[kamitora] 19/11/2017 13:01

jonwig - thanks for the link tip.

[opodio] 19/11/2017 12:03

10p be about right

[keyno] 19/11/2017 11:38

Thanks for your reply jonwig. You've confirmed what I've been thinking too. I suppose bog rolls are quite appropriate a symbol here really in view of what has happened ................

[jonwig] 19/11/2017 11:30

Keyno - usually it means both. But raising £18m by a rights issue would be lengthy and expensive. More likely would be an institutional placing at a bargain price for the investors. The bit about support from banks by debt rescheduling suggests they aren't at the point of a debt-for-equity swap just yet.

The new CEO will be getting a pretty performance bonus if he brings off a recovery.

[keyno] 19/11/2017 11:21

Does "stock market investors" mean PI's or just II's can anybody tell me? I'm not registered with The Times and have no intention of so doing. Many thanks.

As I've already posted I'm still confused as to why the new man from DS Smith took the job on. Perhaps he is now wondering the same thing!

The columnist in Telegraph yesterday whose name escapes me (Rosser?) [Edit: Rossier] has these in his portfolio has given an estimate of 40p for them when they eventually re-surface.

Perhaps the ex-DS Smith man will be better negotiating price increases with Lidl etc than his predecessor.

[pyemckay] 19/11/2017 11:10

80p drop this week then.

[jonwig] 19/11/2017 09:49

Kamitora - re your link bug: it's ADVFN's way of punishing us non-paying users. If you capitalise at least one of h, t, t, p it will work ...

[haroldthegreat] 19/11/2017 09:17

Cutting 89 staff will save approx 2 million

[kamitora] 19/11/2017 08:12

Lidl’s loo roll maker Accrol flushes out £18m rescue

Accrol, which makes toilet rolls for Lidl and other retailers, is poised to unveil plans to raise new funds in an effort to escape a cash crisis.

The company will this week ask for £18m from stock market investors. New shares are likely to be priced at 50p each; Accrol listed on AIM in June last year at 100p.

hxxps://www.thetimes.co.uk/edition/business/lidls-loo-roll-maker-accrol-flushes-out-18m-rescue-phv3kcbbm
⬆
(ADVFN link bug - replace with https)

[dozey3] 11/11/2017 16:24

Doesn’t look good, but much depends on the level of the fine. Hardly makes sense in the U.K. to cause foreclosure on a manufacturer and employer by fixing a penalty at an excessive level, especially when the co is suitably contrite and under new management. However judiciary and politicians are not renowned for common sense, and I fear for shareholders (including me).

[jonwig] 25/10/2017 14:52

It's the directors who are put on notice, not the company. The FCA hasn't been as robust as it should have in my experience of past issues.

As for the NOMAD, Zeus are not the most highly regarded firm in this capacity. Maybe they didn't ask enough questions? Didn't a poster here dig up a local press report from before the IPO about the accident? yes - This from post #173 (1 May 2012 indeed) ...

[dozey3] 25/10/2017 14:43

...and the nomad responsible for overseeing it and uncovering these embarrassing oversights.

[stuffee] 25/10/2017 12:47

Grabster

I suggest any fine on the company, effectively borne by the current shareholders, would be immoral in the extreme. It is the shareholders who sold out at the IPO, principlly the Hussain family, who should bear all the liability.

[grabster] 25/10/2017 11:02

If the company also gets hit by a stockmarket fine (if found guilty of concealing material info at ipo), what sort of level is that additional fine likely to be at?

[ianfnelson76] 24/10/2017 08:22

*twiddles fingers*

How long until we get some news, d'you think?

[albert zog] 13/10/2017 13:08

NorthEdge partner Dan Wright has left too, to pursue other interests .... in an eerie coincidence. He was a key driver of the original ipo. The whole thing stinks. What's the betting, something else crops up.

[stuffee] 13/10/2017 09:11

D3

Just to emphasise what I believe to have been seriously misleading statements in Accrol's Admission Document, I set out below what the Directors, advised by the heroes from Zeus, stated. The accident happened in May 2016, before its IPO.

11. Litigation
There are no governmental, legal or arbitration proceedings in which any Group Company is involved or (so
far as the Directors and the Proposed Directors are aware) which are pending or threatened by or against any
Group Company, in each case which may have, or have had in the twelve months immediately preceding the
date of this Document, a significant effect on the Company’s and/or the Group’s financial position or profitability.