Yet another private equity dump on the market goes down the toilet - when will they learn!
News of the Temporary Suspension of Trading on AIM of tissue converter Accrol Group highlights yet again the perils of investing in a business where shareholders and private equity are materially selling down and debt remains high. We are staggered how experienced institutional investors continue to be sucked in by these questionable offerings! Read on…
Apparently Accrol Group (AIM:ACRL) is experiencing ‘more challenging trading conditions’ which are having a significant effect on the trading performance. With the share price on a steep decline over the past few weeks evidently ‘the market’ had its suspicions that not all was right. Or perhaps investors simply struggle to get too excited by a manufacturer of own brand toilet paper and kitchen roll- we don’t blame them! Somewhat worryingly, the claimed challenges appear to encompass almost every aspect of their business. Accrol is also being hit by a more significant fine by the Health and Safety Executive (HSE) than…