API is a leading manufacturer of specialised materials for packaging.

API's foil, holographic and laminate products have a worldwide reputation for quality and technical excellence.

At API we have always been guided by the spirit of innovation. Our industry ‘firsts’ have, time and again, been true ground-breakers.

The pursuit of new ideas was forged when Associated Paper Industries was established in the 1950s, a time of industrial pioneering. Since then API has acquired a range of businesses with strong products and a wealth of experience so that today it is a leading producer of specialised materials for use in the manufacture of packaging for premium branded goods.

Proud though we are of our heritage, we constantly look to the future. We invest heavily in people, technology and equipment, ensuring we deliver high quality, innovative products as efficiently as possible.

Whatever challenge you set us, API will endeavour to deliver an exceptional product backed up with the service you need.


http://www.apigroup.com/

Now nearing the end of its auction process for bids for the company and we should have news on this in the next few weeks. There is no guarantee that an offer will be made for the company, it looks increasingly likely. Should see upside of 100p if a takeover materialises.

On the move this aft, hope for the bid news.

Perhaps news tomorrow. Great rise today.

Update on Formal Sale Process
RNS
RNS Number : 3452W
API Group PLC
25 January 2013







Press release
25 January 2013




API Group plc



Update on Formal Sale Process





The Board of API Group plc ("Board") (AIM:API), a leading manufacturer of specialist foils and packaging materials, notes the recent share price movement and speculation in relation to the potential sale of the Group.



The Company's last announcement on 29th November 2012 regarding the status of the formal sale process indicated that interested parties were being provided with access to management and due diligence information. That process continues with the aim of securing a firm offer which can be considered by the Board and then, if appropriate, put to shareholders. Indicative proposals received to date have been below the closing mid-market price of API shares of 90p on 24th January 2013.



The Board wishes to emphasize that there can be no certainty that any formal offer will be made for the Company, or even proposed, or as to the level of any proposal or offer that may be made. The Board reserves the right to alter any aspect of the formal sale process or to terminate it at any time and in such cases will make an announcement as appropriate. The Board also reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.



Further announcements will be made in due course, as and when appropriate.

:-)

Final Results

RNS


RNS Number : 3021G

API Group PLC

05 June 2013


API Group plc


("API" or the "Group")


Final Results



API Group plc (AIM:API), a leading manufacturer of specialist foils and packaging materials, announces its final results for the year ended 31 March 2013.



Financial Highlights


Pre exceptional profit before tax increased 35% to £6.8m (2012: £5.1m).


Diluted earnings per share (pre exceptional) up 36% to 8.7 pence (2012: 6.4 pence).


Revenues marginally lower at £112.4m (2012: £113.9m).


Pre exceptional operating profits ahead by 23% to £8.5m (2012: £6.9m).


·

Exceptional costs of £1.0m for fees and expenses relating to formal sale process and reorganisation costs (2012: £nil).


·

Cash generated from operations of £9.2m (2012: £10.4m).


·

Intention to commence dividend payments after the next interim results in November.


·

Net debt down further, to £2.6m (2012: £3.6m).




Operational Highlights




·

Strong profits growth from Laminates and the two Foils businesses, partially offset by decline at Holographics.


·

Cash generation and balance sheet strength supports capital expenditure to improve operational efficiencies and exploit growth opportunities. Capital additions in 2013 of £5.1m (2012: £3.5m).


·

Bulk shipments now commenced on major Laminates supply contract. Continued build-up in volumes expected throughout the new financial year.





Commenting on the results, Richard Wright, Non-Executive Chairman of API Group plc, said:

"The Board is pleased to report another year of significant profit growth. The Group's balance sheet strength and cash flow performance has started to provide significant flexibility for capital investment in growth projects and operational improvements and the resumption of dividend payments.



The Group has demonstrated resilience in the face of challenging economic circumstances and the Board remains confident in the prospect for further progress in the year ahead."



- Ends -

Looking cheap.

API Group: Numis upgrades to add with a target price of 75p.

API Group's annual profits rise by 35 per cent
By Renae Dyer

Wed 05 Jun 2013

API - API Group

API Group's annual profits rise by 35 per cent LONDON (SHARECAST) - API Group’s annual profits grew by 35 per cent as the company kept a tight rein on costs and improved operational efficiencies.

The manufacturer and distributor of holograms, foils, leaf, film and laminates for security and authentication posted a pre-tax profit of £6.8m for the year to March 31st 2013, up from £5.1m in 2012.

Chief Executive Officer, Andrew Turner, said the biggest contributor to profits were a fixed margin on operating costs, an improved sales mix and rise in raw material prices.

However, a slump in the company’s Holographics division saw revenues fall marginally lower to £112.4m from £113.9m. Holographs suffered a loss of £0.3m, compared to £1.6m last year due to lower sales and volumes.

Turner said the group is investing £3.5m in an effort to turn the business around.

Nevertheless, the company achieved an overall strong performance supported by its Laminates and Foils businesses which delivered a combined profit improvement of 43% or £3.1m.

"We were able to make strong progress despite the setback of Holographics," Turner told Sharecast.

Diluted earnings per share jumped 36% to 8.7p from 6.4p.

Cash generated from operations fell to £9.2m from £10.4m while net debt reduced to £2.6m from £3.6m.

Turner said in the year ahead, the group will focus on investing in projects to bolster growth.

API decided to withhold this year’s dividends and use cash proceeds to fund such projects and expects a "more resilient performance" over the medium term as investments strengthen its position in security and authentication market.

Shares rose 5.19% to 71p at 12:13 Wednesday.

A buy in this weeks IC - API looks attractive again.

API's profits have soared and should ramp up again in the second half. The forecast dividend yield is about 3% and a prospective PE ratio of seven is cheap.

A buy in Shares this week. Looks an interesting rerating candidate ahead of plans to resume dividend payments. The stock trades on a price/earnings ratio of 7.1 times against an average multiple for the general industrials sector of 10.6

In IC this week - target price of 90p

LISTEN: Interview with Andrew Turner, Group Chief Executive & Chris Smith, Group Finance Director from API Group discussing the interim results.

Click here to listen

Final Results

RNS


RNS Number : 7726I

API Group PLC

04 June 2014











Press Release

4 June 2014






API Group plc



("API" or the "Group")



Final Results



API Group plc (AIM:API), a leading manufacturer of specialist foils and packaging materials, announces its final results for the year ended 31 March 2014.



Financial Highlights




·

Revenues ahead by £2.3m (2.0%) to £114.7m (2013: £112.4m).


·

Profit before tax unchanged at £5.6m (2013: £5.6m). Profit before tax of £6.3m on a pre-exceptional basis (2013: £6.6m).


·

Stronger second half, with pre-exceptional profit before tax ahead by £0.5m (+15%).


·

Diluted earnings per share 7.1p (2013: 7.2p). Excluding exceptional items, diluted earnings per share 7.8p (2013: 8.4p).


·

Proposed final dividend of 1.3p per share, making 2.0p for the full year (2013: 0.0p).


·

Cash flow from operations of £9.0m (2013: £8.6m), converted at 91% of EBITDA (2013: 86%) and a net cash inflow of £2.8m (2013: £1.2m).


·

£0.2m net cash at year end (2013: net debt of £2.6m), the first time for 15 years that the Group has reported a net cash position.




Operational Highlights




·

Another good performance from Laminates and further progress at Foils Europe. Holographics back to breakeven in final quarter after cost reduction measures. Operating margin maintained at Foils Americas despite weaker sales in the second half.


·

Laminates major new supply contract fully on stream during second half.


·

Restructuring of UK foils operations completed; new distribution facility established in Sheffield, leaving Livingston to concentrate on manufacturing.


·

New ERP solution successfully implemented by Foils Americas; roll-out in Foils Europe scheduled for 2014.


·

Capital additions and joint venture investment of £3.8m (2013: £5.5m), including down payments on new metallising equipment for UK and US foils plants.




Commenting on the results, Andrew Turner, Group Chief Executive of API Group plc, said:

"In spite of a slightly weaker profit performance, these results demonstrate further strengthening of the Group's financial position, combined with continued substantial investment in the operating assets of the business. The year-end net cash balance and the re-introduction of a dividend after a break of more than ten years, represent important milestones in the rehabilitation of the Group.



Operational improvement and investment initiatives already completed, as well as further projects planned for the new financial year, are expected to strengthen API's position in its key markets and enhance prospects for future sales and profit growth."



- Ends -

API Group sparkles at Numis

StockMarketWire.com

Specialist foils and packaging materials firm API Group (LON:API) received an unexpected festive boost from analysts at Numis as its rating was moved to an outright ���buy��" (from ���add��") as they cited ���reasons to be cheerful��", despite last week��"s results announcement showing a circa 22pc decline in pre-tax profits.

The broker said: ��SThe H1 PBT decline of 21.9% to £2.3m was in line with expectations but we have made further downgrades to reflect the uncertain outlook.

��SHowever, our dividend projections are unchanged (there is a very firm commitment to a progressive policy) and the swing to net debt of £5.7m in H1 will be reversed going forward.

��SRatings are inexpensive, even allowing for the downgrades made.⬝

Target price stands at 60 pence a share.



At 3:35pm: (LON:API) API Group PLC share price was +2p at 48p


Story provided by StockMarketWire.com

Cedar makes offer for API Group




By StockMarketWire | Thu, 22nd January 2015 - 12:21


Cedar 2015 ("Cedar Bidco"), an indirect subsidiary of Steel Partners Holdings, has announced its firm intention to make an offer to acquire the entire issued and to be issued ordinary share capital of API Group not already owned by Steel and its subsidiary undertakings.

Under the terms of the Offer, API shareholders will receive 60p in cash per API Share.

The offer values the entire issued and to be issued ordinary share capital of API at approximately £46m.

The Steel Group is the largest shareholder in API, holding shares representing approximately 32.3% of the existing issued share capital of API.

At 12:21pm: (LON:API) API Group PLC share price was +11p at 58p