Accrol Share Discussion Threads

[clocktower] 18/10/2023 18:35

Once it is built, maybe they will build another factory by it to serve other countries.

[djk46664] 18/10/2023 15:56

Can anyone explain the logic behind building a Paper Machine outside the UK ? Most Tissue companies have the Paper Mill literally yards from the Converting lines to save the cost of transporting Parent Reels

I see they mention lower energy costs of a new Paper Machine but surely this cannot compensate from transporting over 60.000 tonnes of paper into the UK ??

[scemer] 18/10/2023 12:04

Depends how long northedge have been in maybe they don't like the paper mill expansion

[stevieweebie2] 18/10/2023 11:56

There we go, Northedge sold!
and , Lombard incresaed again.

[clocktower] 18/10/2023 09:24

As long as it keeps going in this direction, only those short will be very unhappy.

Upwards and onwards to 35p target.

[superbobo] 18/10/2023 09:17

They hold the majority into managed funds, not the type of institution which could make a bid for an entire company.

If a P/E company or a hedge fund were holding 25% I would be happier tbh. Lets see who has been on the selling side. Whoever sold 50m shares at 25p must think something is not quite right.

[arbus5000] 17/10/2023 18:46

if they had bought anymore they'd have to put in a bid for the whole company.

[stevieweebie2] 17/10/2023 17:47

Lombard again increasing

[scemer] 17/10/2023 17:29

Super that's just what I thought let's see if we get to know

[superbobo] 17/10/2023 15:37

Interesting to see that almost 50m shares have changed hands. Clearly a very significant change of ownership. Would be interesting to see who were the involved parties.

[clocktower] 17/10/2023 15:35

Nice to see the start of the recovery here.

[stevieweebie2] 17/10/2023 09:24

Well done even the 200 is rolling over now. poor management here condidering some of the profits that I know are being made in this sector share price should have doubled not halved, I expect your distinctly unimpressed Darrin.

[clocktower] 13/10/2023 15:06

Over sold at 27/27.5p imo.

[tomps2] 05/10/2023 08:57

Accrol Group (ACRL) Full Year 2023 results presentation - October 23

Accrol Group CEO, Gareth Jenkins and CFO, Chris Welsh present final results for the year ended 30 April 2023, followed by Q&A. A strong growth in both revenue and profit, driven by increasing market share and volumes. FY24 EBITDA now expected to be ahead of previous Board expectations, driven by accelerating margin recovery.

Watch the video here:

Or listen to the podcast here:

[darrin1471] 02/10/2023 14:50

Wilko sales were pro-forma so no financial loss from Wilko going bust.
Wilko sales will be picked up by other discount retailers who ACRL already supply.

[darrin1471] 02/10/2023 14:40

"Total cash consideration £10m – including working capital"
"Total investment costs including land, building and machinery are expected to be less than £50m with the business owning the land and building"

I scribbled down some numbers from the Q&A. They will need checking in a few days when the Q&A recording goes online.

Initial cash cost of the mill to ACRL is £5m working capital and £5m in deposits for machines, land and building etc. Heavily back ended.
Projected total cost of £55m includes £15m local mortgage for land/building and £30m loan for machinery both of which will be paid for from additional EBITDA earnt by the mill.

Accrol are the largest buyer of bulk reels in Europe, possibly the world because they do not have their own mill.

[tomps2] 29/9/2023 14:03

Accrol Group Holdings (ACRL) FY23 webinar

Monday, 2 October, 1:00pm

Accrol, the UK’s leading independent tissue converter,will host an online investor presentation and Q&A session, following the release its Final Results for the year ended 30 April 2023 on Tuesday, 26 September 2023.

Register here: bit.ly/ACRL_FY23_webinar

[darrin1471] 29/9/2023 10:21

I will be sending in questions for the live Q&A on Monday.
If anybody is unable to join live, what questions would they like asking?

[deanowls] 29/9/2023 09:46

It shows the back up of what the ceo said. It would take 100m to get to where they are now. Shows the underlying value here.

[stevesham] 29/9/2023 06:42

When you have a company investing 100's of millions in a UK mill targeting 5% of the UK market, I do wonder how this will impact the tissue market and pricing, I know Metsa are mainly B2B, however, they are going to need to fill that capacity, and I am certain price will play it's part (downwards)

[djk46664] 28/9/2023 20:56

Am I reading this correctly - the paper mill total cost is circa £50m - they will use £10m cash reserves but will have to borrow £40m to fund the rest ?

[darrin1471] 28/9/2023 10:13

Annual report available online:



An online investor presentation and Q&A session will take place on Monday, 2 October at 1.00pm. Anyone wishing to participate should register for the event with PI World

[darrin1471] 26/9/2023 12:48

"The mill improves the Groups EBITDA performance to high teens."

At the previous half year presentation Gareth and CFO talked of EBITDA in teens of revenue and gross margins back to normal which could be up to 30%


A change in language from teens (which I took as 13-14%) to high teens (which I take as 17%+)

[darrin1471] 26/9/2023 12:39

£10m over 2 years does not seem significant considering ACRL have recently spent £20m on capex automation.
I'm struggling to get my head around the difference between a £10m "cash consideration" and total investment costs of "less than £50m".

[catch007] 26/9/2023 12:27

The Mill funding £10m is glossed over simply paid as debt or cash however it does represent a high hurdle for the business in the short term. In time this new development will be a prime asset and be highly accretive.