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Accrol – updates on Health & Safety hearing, still a tale of AIM IPO shame

By Steve Moore | Friday 13 October 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Having only been “pleased to announce” it had IPO’d on AIM in June last year, last week saw Accrol Group (ACRL) shares suspended whilst the board considered the anticipated impact on its net debt situation of a now expected “significantly below” expectations earnings performance. This was with “challenging trading conditions” and as it had “recently been advised that a Health and Safety incident, which occurred prior to the company's AIM IPO, may now result in a more significant fine being imposed by the Health and Safety Executive than was previously anticipated”. There is now an “Update on Health and Safety incident” announcement…


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