Accrol Group Holdings plc is a leading independent tissue converter, manufacturing toilet rolls, kitchen rolls, facial tissues and AFH products to supply retailers throughout the UK. Accrol imports parent reels from around the world and converts them into finished goods at the Company’s 350,000 sq. ft. manufacturing, storage and distribution facility in Blackburn, Lancashire. Accrol currently manufactures approximately 17 million units per week and supplies some of the UK’s largest retailers.

Accrol Group Holdings plc is listed on AIM, the growth market of the London Stock Exchange.

The Company was incorporated and registered in England and Wales on 30 April 2014 under the Act with registered number 9019496 as a private company limited by shares with the name Aghoco 1220 Limited. The name of the Company was changed to Accrol Group Holdings Limited on 1 August 2014. The Company was re-registered as a public limited company with the name Accrol Group Holdings plc on 1st June 2016. Accrol Group Holdings plc’s main country of operation is the UK.

The Company, and the Group, trade under the name “Accrol Papers”.

Hi stevesham, don't mind the M&A's. I hope we do not get news that someone like Andrex has taken them out. Kimberley-Clarke as you know are an American firm that are huge and they purchased Scott Paper along with the brand Andrex.(A British brand)
A takeover a lot further down the road will be welcomed. This company is an ideal
young company and going to be far cheaper to takeover now then in a few years time.

Interim results

Financial Highlights
·     Revenue increased 8.8% to £63.9m (H1 FY16: £58.7m)
·     Gross Profit increased 5.6% to £18.2m (H1 FY16: £17.2m)
·     Adjusted gross margin improved by 1.1% to 28.4% (H1 FY16: 27.3%) through significant currency hedging pre and post EU referendum and negotiated parent reel pricing
·     Adjusted EBITDA increased 1.5% to £7.1m (H1 FY16: £7.0m)
·     Net debt reduced by £3.2m from £23.1m at flotation to £19.9m at 31 October 2016
·     We have significantly increased our foreign currency facilities and have continued with our existing hedging strategy
·     Maiden interim dividend announced of 2p per ordinary share
Operational Highlights
·     Successful IPO in June 2016 raising £63.5m
·     Our market share of discount sector has increased to circa 50%
·     Significant contract wins previously announced with Booker, Poundstretcher and Lidl
·     Early indications that Lidl contract likely to deliver more than £10m in annual revenue
·     New 168,000 sq. ft. manufacturing facility at Leyland, Lancashire progressing on target with production starting end of January 2017
·     Senior team strengthened in Manufacturing, Supply Chain, HR, Procurement and Engineering. Successful and complete transition of key operations from the Hussain Family to the new Operational Board
·     Operational initiatives underway including; price inflation recovery, manufacturing optimisation and supply chain optimisation

This company will soon be noticed . :-))

Someone looks to have sold 775,415 a director maybe at 15.20 pm.

I saw that. Good write up from Shares today, Might need extra machines in the near future.

The 745,000 sale - no current director holds the level. As the company sounds like it has taken over running the business from the Hussain Family, it may be a member selling up.

Another big 1,275.000 supposed sell gone through , yet it's up . Do i buy .

My main concern is that I hope the Hussain family are blocked legally in writing from setting up 5 miles down the road.

Shareholder Information

Shares In Issue

As at 10th June 2016 the number of shares in issue was 93,012,002
Major Shareholders
As at 10th June 2016, significant shareholdings in the share capital of Accrol Group Holdings plc were:

Majid Hussain*
4,652,590
5.00%

Wajid Hussain*
4,652,590
5.00%
Mozam Hussain*
4,646,621
5.00%

NorthEdge Capital LLP**
13,987,377
15.04%

Miton Asset Management Limited
7,700,000
8.28%

Axa Investment Managers UK
8,400,000
9.03%

Schroder Investment Mgt
7,850,098
8.44%

Majedie Asset Management
5,876,414
6.32%

Ruffer LLP
4,504,200
4.84%

Premier Asset Managers
3,600,000
3.87%

BlackRock Investment Mgt (UK)
2,887,410
3.10%

2X 250,000 BUYS

Interim results to 31 oct 2016. Jan 2017


A good read for anyone interested .

I wonder if there is another big sell tomorrow it would be these Hussain family . I thought that the results were good why sell now , maybe of course they were buys .

A huge 750,000 buy as well. Someone selling with a keen buyer .

Interesting from the admission document - Each of the Directors, the Proposed Directors and the Selling Shareholders who will hold Ordinary Shares following Admission have undertaken, pursuant to the Placing Agreement: ● for a period of 12 months from Admission, not to dispose of any of the Ordinary Shares in which they are interested at Admission, except with the permission of Zeus Capital and in certain customary circumstances; and ● for a further period of 6 months, to comply with certain requirements designed to maintain an orderly market in the Ordinary Shares.

A couple of investors on other sites who took part in the webinar with the company, sound impressed with the company and management.

Only just had money from Creston takeout so lost chance at 125 ish , might wait for pullback .

pullback ? lol .There might well be after the dividend qualifying date. Does tend to fall away without news.

Two small capswith 25% upside after the results

ST of IC today - My original 130p target price has now been taken out and my new target price range of 155p to 160p equates to a reasonable 10 times earnings estimates, and is supported by a near 4 per cent prospective dividend yield. Buy.

Seems AXA was selling last week , gone below 5% , still keep an eye here .