Accrol Share Discussion Threads

[jswjsw] 17/1/2018 13:48

I think Simon Cawkwell better step out of the woodwork and tell us what he thinks about this now.
Having missed Molins but followed his recommendation on this, I am now losing quite heavily.

[thaiger] 17/1/2018 10:42

Have you tried the cheap toilet rolls at Tesco.....there are real rubbish.....need to use twice as much! You get what you pay for!

[camerongd53] 16/1/2018 16:24

I just wonder if Tesco are not acting in the National Interest

The EU producers may be trying to put Accrol out of business for maarket control purposes.

If it is a hard brexit as consumers we could be paying a lot more including avoidable tariffs for bogroll because of the shortsighted tendancies of our supposed national champion supermarkets.

No doubt if required the supermarkets will have a well oiled PR dept to smooth over the flak in a few years time

[yf23_1] 16/1/2018 15:47

This is going bust, have you seen the cheap toilet rolls Tesco have, seem to come from France (£2 for 12 rolls) and Italy (Renova). They are not usual stock but promo stock acquired on the cheap. So, looks like Europe dumping excess stock. How long will that carry on.

[bookbroker] 06/1/2018 10:21

Brown underpants for holders then!

[vatpaul] 06/1/2018 09:42

will warn once more

[shawzie] 06/1/2018 09:38

I have - but results will show just how risky.

[ptgint] 05/1/2018 11:32

Can we take the Standard Life Aberdeen increased stake as a vote of confidence ?

[thaiger] 29/12/2017 16:23

Placing shares admitted on 11th December as per RSN!

[value viper] 08/12/2017 13:41

i don't think it's completely clear but it seems the placing is going ahead so do we assume they have their £18 million @ 50p...??....a few buyers seems to suggest others are presuming the same.

[prettygreen] 05/12/2017 22:34

September - All ok.
October - Shares suspended, we “forgot” to mention the works accident and big fine.
November - Another profit warning and the price plummets, we need £18m (and that might not be enough!). Mounting debts and complete shambles
No position here now as I bailed out when they returned from suspension but I wouldn't trust this lot to run a whelk stall. I can hear a flushing noise in the distance - could it be Accrol disappearing down the pan..... 💩 🚽

[value viper] 05/12/2017 11:06

looks like they may just get the dosh they need (@ 50p) judging from the market in the stock currently

[deuchar] 02/12/2017 13:54

Cheap as chips

[value viper] 01/12/2017 12:44

hhhmmmm....interesting to see some supporters (?) adding into the important meeting a week today...........................

[castleford tiger] 29/11/2017 08:41

the number of times this was pumped. I had e mails daily.
tiger

[stuffee] 28/11/2017 20:55

AZ

I don't feel there's any chance the placing will be pulled due to share price fall.

If there was no fund raising, I guess share price would be 34p lower.

I don't have too much sympathy for NorthEdge. They've been closely involved with Accrol for three years and must have been fully aware of its dodgy prospects and liabilities when the Admission document relating to the IPO was published a year ago. They did trouser over £10m from the IPO by selling overvalued shares to new subscribers who maybe were misled by lack of disclosure.

It appears all the placees have agreed to subscribe and thus have effectively underwritten the placing.

[value viper] 28/11/2017 20:44

If instis don't back fund raise they lose their entire investments...will they do that ? not clear which instis will / won't potentially support ; to get it away at 50p would be a big vote of positivity in mgment ; maybe they have to reduce price of fundraise.....Dunno how this is gonna play out.....

[albert zog] 28/11/2017 12:59

I don't know the legal stuff but rationally why would you buy new equity at a 50pc premium to the old equity ? I don't think it's underwritten either

[jonwig] 28/11/2017 12:28

@ albert - can the placing be pulled just because of the share price action? There's a list of conditions attached to the placing (20/11 RNS) but the behaviour of the share price isn't one of them. A placing normally completes in a day or two (so by the 22nd or so).

I'm not being dogmatic - just asking!

[albert zog] 28/11/2017 08:19

Share price of 34p. The 50p placing isn’t going to happen. NorthEdge will be spitting. It’s the staff I feel for. Totally legged over.

[horndean eagle] 27/11/2017 11:21

Simon Thompson is generally a very big fan of Zeus Ipos. He will tip a lot of them. Mainly because they fall into low pe and high yield. Its a mixed bag with Zeus. Some do really well. Others blow up really badly. Generally its good to be wary of P/E exiting investments offering big dividends.

[vatpaul] 25/11/2017 12:03

zeus knew it was a pup.Simon Thompsonin their pocket

[jonwig] 25/11/2017 10:26

In this week's IC podcast, Simon Thompson analyses where to pitch the blame for this fiasco, and comes down pretty squarely on management, who were either guilty of deliberate deceit, or thought the accident immaterial and not worth putting into the prospectus. He concludes incompetence, including lack of financial controls.

He also reckons Zeus can hardly be blamed if they weren't informed. I'd be wary of generalising about Zeus from this.

It then got me thinking ... suppose a company in my home town were considering an IPO. I'd be interested natuarally, and look through the archives of our local paper for some history. I might even contact the paper, citing this as an example of what can happen.