Accsys own shares in Clean Tech Building Materials, carrying them at impaired nil value although the holding is currently valued at EU 1.5M - in theory. CTBM subsidiary Diamond Wood owe Accsys EU25M but this debt is written down to zero. They have made a number of announcements about deals for Accoya in China and Thailand but they are currently cash negative as they try and build an Accoya plant. It is not clear how much income, if any, Accsys may get from this SE Asian market distributor in future.
Accoya supply has been quite tight over winter but hopefully sales should improve once the expanded plant is up and running.
Is it just me or do todays trades look automated. Large volume but all in amounts around 5000, 10000, 15000, 20000. Maybe someone knows something and is trying build/offload shares. It's long overdue that the 50% increase in factory was commissioned and brought online. Hope they haven't hit any issues.
Seems to have low trading volumes and AXS are still in capital spend phase so there does not seem to be much enthusiasm for the shares. Some good technology though, and the product is good. They need to get plant and sales in other continents, especially as the trees aren't grown here in Europe.
PS , NOT a sell a shown, not sure why that comes up.
The share price has fallen in the past few trading days and I thought there may be some detrimental news. AXS has announced an agency deal with FINSA, based in Spain and Portugal, licensing them to sell Accoya board and Tricoya chips eventually. The Hull plant is scheduled to start production in 2019. It's still a waiting game but that's the essence of investing imo.
Well I have only held AXS for a few years but I think this Company epitomises what a true investment should be. It's a small Company that is growing steadily. It is new technology in action resulting in ...wait for it.....An actual manufacturing process. It's what I call a real Company producing something that is filling a need nearly everywhere. It sounds simple and easy but starting from a standing start and achieving the current level of development is no mean feat.
I think that the products will be in high demand and it will be difficult for AXS to keep up. AXS has all of the hallmarks for success providing the management keep level headed and plan carefully.
Agreed driffft. Have been a shareholder since 2007. Painfully slow but I remain hopeful. I also think the chip acelytisation plant has the biggest potential. What's not to like about board made from something this durable
I was hoping for better news on the expansion of the Arnhem plant. Completion has slipped from original estimate of end of 2017 to end of financial year i.e. 03/2018. I'm not too worried. I've been in this one for many years and live in hope that they will turn into a highly profitable company once they can produce more of their products.
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It may well be an advantage to AXS to have the factory in the Netherlands. Any production there should not be liable to EU tariff duties in the likely event of no deal being struck with the EU. The factory being built in Hull will, of course attract a possible tariff. Don't forget though, that the produce from AXS is being exported worldwide. Give it a reasonable time and Brexit will be a minor hindrance to AXS imo. There are no other manufacturers producing competitive materials of the same quality and life expectancy as AXS. The problem AXS has is limited output. All that they produce is sold and demand is exceeding supply. The limitation is the costs of establishing new factories. It's a sweet spot that AXS is in but it is easy to become overextended with debt due to high set up costs. So it's steady as she goes.
Been following this one for 2 years, Bought this morning on the good news then realized BREXIT is a big risk with a factory in The Netherlands.... Hope a trade deal is sorted out soon :-) Probably adds extra cost regardless as have to comply with different regulations.
Great news out today from AXS. The demand remains strong for both Tricoya and Accoya worldwide. AXS is raising cash to finance an increase in production to meet extra demand and the issue will be for 0.69 euro which equates to about 60p per share. I think it will include existing shareholders and not just be for the institutions for after all, we deserve to share in the rewards for our loyalty.
"A conference of world leaders in Paris could agree a deal on climate change at some point over the next two weeks, but LSE:AXS:Accsys Technologies is already doing its bit. The AIM-listed company has developed a process of modifying softwood - ..."
I was surprised we didn't get a trading update in September, but we should be due results soon. My main fear is that they will need to raise funds to invest in the Solvay Accoya plant in Freiburg, Germany, and the proposed new Tricoya plant.
"AIM-listed LSE:AXS:Accsys Technologies lost more than a fifth of its value in the first hour of trade on Tuesday following publication of its latest full-year results. But clearly concerns about another year of chunky losses were misplaced. After ..."
An end to uncertainty around the legal issue should lift wood specialist
The conclusion of a legal battle between Accsys Technologies (AXS:AIM) and its first major licensee, Diamond Wood China, should help remove one of the big uncertainties hanging over the formers share price. Although Accsys has ended up paying more money than expected, at 67.25p the market can now shift its focus back to the operating business which specialises in products to harden wood.
Accsys will have to pay £1.6 million costs to Diamond Wood and £600,000 of its own legal bills relating a dispute over the partner failing to uphold its original agreement to set up a large manufacturing facility in China. Numis analyst Charles Pick says the financial outlay is not a serious amount and at least matters are now clarified.
Shares says: "While Accsys has to stump up more money than expected, the limitation of costs and damages has clarified what has been a significant concern for investors over the past couple of years. The attention now shifts to Accsys goal of turning cash flow-positive in the near future."
Diamond Wood was told by the arbitration tribunal in the summer that it could only claim for limited damages up to 250,000, not the 140 million initially sought.
In the past financial year, Accsys achieved a dramatic change in its rate of revenue growth with the 78% advance comparing with an increase of 25.5% in the previous year.
While AXS has potential, I don't think it has ever made a profit. And the apparently ill-conceived litigation hasn't helped. Yet despite that, Nick Clegg's total remuneration in 2014 per the statutory accounts is 826k. That includes share awards, but it's still a big figure.
Let's hope that this company does turn out good in the end rather than being one of those classic AIM shares where the potential never gets turned into hard cash and the only ones to make any money are the directors and the ones who floated it.
Surely if it was 5 for 1 using 20p it would be 100p, before the reduction because of the change from Euros to Sterling and using 1.25 to £1 say 80p, so it depends on
1)exchange rate used and 2) price used which may have been 19p or so (which would give 76p)
Further to the passing of Resolution 8 (share consolidation), the entire issued share capital of the Company shall be consolidated on a 5:1 basis from 443,734,861 ordinary shares of 0.01 each into 88,746,972 ordinary shares of 0.05 eachwith effect (pending admission of the shares to AIM and Euronext Amsterdam) from Friday 12 September 2014.
As noted in Accsys' AGM Notice of 19 August 2014, the currency of the Company's quote on the 'AIM' market of the London Stock Exchange will now be changed from Euro to Sterling, with effect from 12 September 2014.
I don't think there was one. The "rise" seems to be because iii are reporting this as being sterling priced whereas as far as I am aware it is still euro denominated. Unless I have missed something it seems to be a mistake with their algorithm
A person I know in the building trade says that whenever they need water resistant material they now use plastic if they can, so I am not sure how big the market is for this product.
Some figures on potential production in monetary terms would be useful I agree.
Now is the time to buy I think (sadly I bought at the float so am madly underwater) as this is finally getting some traction and attention.
Shame we wasted a million on ill conceived litigation against Diamond Wood. Poor reflection on the company lawyer that he called the licence termination so wrong as clearly the tribunal didn't agree at all... In any way!
By 2017(w a year after the big production facility is up and running) this may be worth something... Would be good to get a better idea of how the licence revenues will work going forwards ie what does 60k square m production mean for us in terms of cash?
We should bear in mind that most stocks are heavily traded on spikes, especially after a big retrace over many months. Investors are selling out at any chance they get, for fear of losing after waiting so long. Ultimately, the sp drags on and on, or actually goes in reverse....... may take longer to achieve full potential(sp) as it is heavily traded off on the spikes...there is some evidence of shorters(traders) forming groups to deramp the sp down....they may be some of your 'regulars'........However, i still believe this is a BUY at current levels
...What's going on ?
Many stocks have good fundamentals and bags of potential, yet they are going down, even on good news ........but i think something more sinister is going on, along with hundreds of other stocks?
.Update: Campaign to make short selling illegal:
# Thanks to all those that have supported this campaign #
IT is estimated that over 90% of AIM stocks are INFECTED by short-sellers !
Many highly popular stocks are going down even on GOOD NEWS !
# IF you were a short-seller, BLUFFING, (basically manipulating a shares' price) about a company's overvalued share price, you might not want to *draw attention to yourself since you could get accused of stock manipulation. So you would hope (OR PLAN FOR) others to get involved and to present SEEMINGLY GOOD REASONS to short the stock.
You would want to put AS MUCH FEAR INTO 'LONGS' as possible and would use high volume short trading as well as buying to drive the share price down as low as you can and as long as you can. You really want the longs to fold and to get out of the game. If you are consistently seeing sellers overwhelming buyers driving a share price down as a stock seems to be going up, I can assure you it's probably shorts' selling, since longs are totally motivated to sell their shares at the highest possible selling price. #
with regard to the solvay association i hope its decided to build the factory elsewhere and not on the land adjacent to our factory, surely this piece of land should be kept for our expansion when the production levels are hitting full capacity. Seem to recall this being the view of the board a coupe of years ag
Apparently very easy to work and coat though not a jobbing builder material but then neither is teak or oak which are the alternates. Think decent carpentry shop not factory but equally not stick timber for roofing. Apparently it does make great decking though
hello. what i'm interested in is how easy this wood is to work and to coat. The answer's probably on their website, but there's a LOT of technical stuff on it. The technical superiority of the wood itself is clear, but can you glue and paint accoya with regular products? Will jobbing builders take to it? Or does it need factory conditions to get the most from.
And it looks like the longevity and cost savings (for windows and doors) only kick in after 30 years: it's too long to matter.
I'd be grateful for any blog-type links, user feedback etc.
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