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These results read well to me - better than I was expecting given the energy crisis, but it seems they are managing to successfully pass on price rises to their customers. I wasn't aware that they have put in place index-linked pricing agreements we with their customers over the last 12 months - that's v good.
Not much a reaction from the markets though.... what more does a company have to do these days to get an even break??
And they should be able to pass on the increased costs by raising their prices. I won't be cutting down on loo paper!
There has been no cap on business's energy costs so it all depends upon when they signed their contract and over what period. Hopefully they signed it with one of the big suppliers six months ago over at least a 12 months period, we will wait and see. At least people can't cut back on toilet paper:)
I see from last years results almost all energy used is from renewables but unless they are generating that themselves they are along with everyone else going to see a huge jump in costs . I have just done a quick calculation on my own energy costs for the next 12 months and that is due to increase from about £1700 to over £6250 if we use the same amount of gas and electricity , £400 is not going to make much of a dent in that ,so time to invest in some thermal underwear maybe ! So it will be interesting to hear what effect this will have on profits next year when we get the final results in September .
Accrol (ACRL) Full Year 2022 results will be released on Tuesday 6th September.
Management will host a webinar on Wednesday 7th September 2022, at 12.30pm
Register here: https://bit.ly/ACRL_FY22
At the last update 17th May 22, ACRL stated they were in line with expectations which were:
FY22 forecast:
Revenue £160m
aEBITDA £9m
aPTP £1m
With a market share growth of 16% showing the recovery of discounter retailers.
And 2023 forecasts
Rev: £185m*
aEBITDA £15m
aPTP £7m
Although the narrative said, ‘Revenue for the year ending 30 April 20231 ("FY23") now expected to be in the range of £200m to £220m, as a result of the successful recovery of all input cost increases’ so ahead of the 2023 revenue forecast.
Do join us for the webinar.
If they are, SP will be heading back to 50p
Not till early September this year for some unknown reason , I hope they are good !
Hopefully the upcoming results will show some promise and improvement. If costs are now being covered, we can expect a significant upwards movement in the share price.
Looks like things are Storrington turn around and tge future is brighter. Let's hope the SP returns to > 75p
Any idea what these shares are likely to do. Watched them drop from 75p to 18p. On the rise and director gas bought more so could they rise again to domething lije they were. Company increase price of product due to higher operating costs so second golf of the year expected to be better. Still have a good share of market. SP seems undervalued.
Biggie. 1m shares.
Sorry but I just don't buy this theory. Of course Converting uses much less energy than actual tissue production, but Accrol have to buy parent reels, and the suppliers of these simply have to pass on the huge energy increases to the likes of Accrol. In addition the costs of transporting these reels is much more expensive nowadays. Incidentally Accrol still want to build a paper machine as they can see it's the way to go, however it has been shelved due to the current energy situation and high building costs.
Glad to see price moving in right direction. Paper mills feeling strain of extremely high costs associated with current very high energy costs (manufacturing process uses huge volumes elect and gas) but converting has nowhere near same exposure but all benefits of premium prices for packaged products. Pulp prices have been this high before and so have energy and all businesses survived and stronger as surcharges passed on limit losses and tend to form new baseline price structure as other manufacturing costs fall. This is a very professional business being well run with a product line totally focused on supporting our new hygienic lifestyle (who can deny ho much we've changed with COVID). Accrol looked at tissue manufacture years ago and wisely focused on putting their resources in to converting and finished products, if they hadn't, would be a different story as others are finding out grappling with huge bills/losses - reel conversion is the way forward and Accrol are doing very well under the circumstances.
Upside on marketbeat of 250%
Bought these at 22p and think I've got a right bargain. If they go back up to 50p + doubled my money. Share tip last year by this is money and touched 80p. Marketbeat SP prediction around that price so if recovery in SP happens, happy days.
Do we think this has formed a base yet?
It's certainly better value now then when Shares Mag called it in the 50's.....management seemed positive about the future and being able to pass on cost increases.
Very tempted
Lombard Odier again. Their holding in Accrol goes up and down faster than a fiddler's elbow. Today it's up.
Any reason for today's jump in the SP
Accrol are good at bottoms!
Sorry...
Now we know why they have had just over 3 million shares to sell which went through this pm so maybe that's the bottom .
This is either cheap as chips or going bust and I'm not sure which . The update with the results sounded pretty sensible but there is a lot of selling pressure . The ladies have to have their tissues soft as possible so the demand will always be there and judging by the way my wife goes through T rolls that's not going to abate any time soon . I was going to buy some more but I think I shall wait for the turn if it comes otherwise it's another lesson learned .
Thanks.
He said he's never seen inflationary pressures like this in his career. I do believe him, in which case it's just a v unfortunate situation. Although I think these pressures will persist, assuming they can pass price increases onto their customers it'll only be a matter of timing.
They are wise to delay on the proposed paper mill.
Speaks volumes that the directors are not buying shares even at this low price. Seems to me they are scrambling around trying to find a buyer......................
This management has dived in to rescue this company. They have sorted out the balance sheet, put it on an even keel but then been hit by new problems. They do seem to be learning fast how to cope with inflation but aren't yet delivering what was expected. The product will never go out of fashion but competitors will limit price hikes. If they get this right (or sell out at a decent price) it will be a winner; if not ....
Did anyone watch this?
It's left me confused. On the one hand, management come across as sensible fellows who are aware the issues and are addressing them, and I appreciated their bravery in facing the music and taking questions under these circumstances. This gives me confidence.
On the other hand, the share price continues its unremitting decline and I don't see management buying into this weakness.
What to think?