Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Mm want stock, I just top sliced at a premium to where the sp is at atm. Good signs ahead hopefully for all LTH
Perfect summary Retired Banker - Accrols statement sounds very promising and aim to be the " leading " supplier of Private Label to discounters and major retailers. They have zero chance of any major slices of PL business within Tesco/Sainsbury etc as they don't have a Paper Machine. They have to duck and dive on the Parent Reel market with all the other small convertors within the UK. They may pick up some business in Aldi and Lidl but the majors simply won't take a chance on them and for security of supply/ quality etc will go with the likes of SCA/Sofidel/Northwood Wepa for their PL requirements. Accrol have been around for a long time and have never won a major piece of PL business. In addition they don't have a strong Brand they can use in this market. Unless the pound rises dramatically against the dollar and pulp prices fall - both of which are unlikely the I can't see a bright future for this business
Easy This is great for the directors and insiders, not necessarily so for us private investors Accrol's problems which came to light last Nov were a function of these incompetent Board members not having control of their own business. At the time I thought the Market over-reacted so I bought in at 33p. When the idiots announced further bad news in March I figured it was worth doubling down and so I trebled my holding at 9p. There is a significant business here (at 9p the Mt Cap was <10mm) for a business with 100mm+ revenue and 20%+ gross margins ... provided the company wasn't run by idiots, it would return to profitability. Today I've sold half my shares so that I'm left with an average well below the 15p offer price and will take up my allotment, its the only way to limit the dilution I think the incentive scheme is shameful and the fact that Chairman & CEO are taking stakes 3 or 4x what they previously held only tells you that they know a bargain when they see one, not that they have conviction. Their EBITDA targets are pathetic ; get back to half your level of 2016 profitability by 2021 My blind, diabetic 14yr old Spaniel could achieve that "target" !!! If this wasn't a stitch up they would have done a 1 for 1 rights issue at 15p and then everybody could share equally Long live crony capitalism !!!
Still no points of view. Either everyone on hols or I'm in a parallel universe. Being serious anyone buying at 15p
Everyone keeping stun speaks volumes to me
What’s your input on this rns b1l_y you normally have a quite balanced view of these things. TIA
Accrol Group Holdings said it intends to raise GBP8.0 million through a placing of 53.3 million shares at a price of 15.0 pence per share. Proceeds will go towards ensuring the restructuring programme to improve operational efficiencies can continue, paying the costs associated with the placing and support future working capital requirements. The shares raised are expected to reflect a 29% interest in Accrol's enlarged share capital. Executive Chairman Daniel Wright will purchase 1.3 million shares for GBP200,000, giving him 1.7 million shares in total, or a 1.0% stake. Chief Executive Officer Gareth Jenkins will acquire 500,000 shares for GBP75,000, meaning he will hold 600,000 shares, or a 0.3% interest. Interim Chief Financial Officer Martin Leitch will buy 266,666 shares for GBP40,000, which makes up his entire shareholding. Non-Executive Director Joanne Lake is expected to purchase 33,333 shares for GBP5,000, giving her 68,333 shares in total. In addition, Accrol has proposed an open offer to raise a further GBP2.0 million from shareholders by issuing 13.3 million shares at the same price.
Very good rns- just as expected. Impatient investors have left
I agree where u at Jess u shouldn’t disappear when things are going good. Enjoy the rises 😁
To 23p & beyond Best of All
...as it has been for most of the so far today.... currently showing 22p as the best ask.
Jessy, where you at! This is your time dude Hold onto your willys and get ready for take off
This is going to blow up soon - mark my words.
Not understanding risks is classed as incompetent in my eyes
Hedging removes uncertainty and risk. It is not a case of predicting the future but more of knowing one's own future. Management has learnt the harsh lessons of the impact of market forces on their trading performance result. It was probably nothing to do with competence, but more of not understanding the risks fully. They now understand it better and the only way is up, up, and away.
Sorry to break it you, but you couldnt be more wrong. Hedging is an extremely popular tool and isnt there for businesses to gamble on. In cyclical markets, it helps bring about uncertainty so the business can plan better and make more informed decisions. A future for example gives the right to buy at a predetermined price and date so the business can effectively fix their input cost - yes it can be that it doesn’t go as you predicted but the benefit far outweighs the cost. In the FS if you start hedging and making bets, this then becomes your primary business and needs to be disclosed. Looks to me like whoever was in charge of hedging just wasnt competent at accrol
Not convinced that hedging pays off, which apparently Accrol have done.. A lot of companies hedge import costs etc. etc. to try and retain low costs etc as prices rise. However how often does it work in their favour? after paying for the hedging facility? The firms that write these hedges (A bit like bookmakers) are not there to lose money so the firm hedging can save money. These hedging facilities were set up by companies who intend to make money. The oil price is the one that stands out. Those who sold oil in advance before its price drop did win, but now they are losing after hedging at a much lower price as the oil price increases. It is the same as betting, the punter does occasionally win to keep them interested but overall they do lose. We feel that you just accept market conditions and get on with it instead of employing people to Hedge and in the end add more wasted costs to your accounts. We were involved in the horse racing business of bookmaking and very few punters won. Like everything the biggest winner is always the "Expense" column. Companies use options which if used carefully can give a healthy return but can also give you horrendous loses. We sell options but we DO cover the option to limited any losses and we have made annual profits. WE only sell small amounts and are happy to make about �300 per month on options that are way out of the money But we did have a losing spell in January which took half last years profits in a month. So hedging etc only pays if you do not do it all the time and when the price is right.
Thank you for all your replies we have noted them, we do take it as read that we can set up a home group on them unlike one Asus we have. The latest asus does allow you to set up a home group but the older one does not have the facilities. Now just confirm that we are not wasting money buying more Accrol !!!!! we did buy at 44p which we thought low at the time. but intend to buy 3 times as many today to try and reduce the get out price and get a little profit. P/E is very low which attracts us
Mac is Mac - unparalleled technology, way ahead of the game. Lenovo is the most common used laptop in the business world - its durable from what ive seen but yes would agree MAC is no.1 Strong buy on the MAC SNM does equal Say no more And yes, Schroder is building a stake - this share is going to fly up. Absolute arbitrage. I dont have anything left to put in - lenovo is in too
it says about the relationship between investor and company BOD when they buy more in a difficult period - trust is everything in this game.
I got a mac laptop a few months ago for the first time in my life ,I always said I would never buy one,but I must say it's the one of the best laptop going ,I use to buy Sony laptops but cannot get them anymore so that's why a got a mac
Schroeder’s building a stake here
I have the dell XPS 15 touch screen, it is a lot heavier than others I have had, I like the touch screen and the layout of the keyboard is fine. Only issues I have had was when connecting it to the second screen in my office (but I do have a usb extension device it goes through). Nice and quick, good screen size and made HL’s new website look badly designed with too much top banner space :)
"Lenovo snm" ==================================== I'm guessing this is 'Lenovo....Say No More' rather than Lenovo 'snm' laptop. I have a Lenovo Ideapad but not 100% happy with mine. The screen hinge broke - a common thing, poor design I would say. There was a 'bodge' fix on youtube - but I had to take it to pieces (1 month beyond the warranty). So not sure I would buy another...unless the price was right. Still working after 5 years, so cannot complain too much. but If it wasn't for the 'bodge' it would have been in the bin years ago.
Lenovo snm