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Accsys Tech Share Chat - AXS

Share Name Share Symbol Market Type Share ISIN Share Description
Accsys Technologies LSE:AXS London Ordinary Share GB00BQQFX454 ORD EUR0.05
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.88 -1.26% 68.38 67.00 69.75 67.25 67.00 67.25 25,609 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 33.4 -5.5 -6.5 - 61.40

Accsys Technologies Share Discussion Threads

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TIMBERWOLF, I agree that we need to know more before making an informed decision . I will try to find out more.roddiemac2
That's not good news.mr macgregor
IMHO, it's pretty difficult to take any firm position, positive or negative, on this latest news, without a great deal more information, which I doubt we'll get. The one ongoing positive is that, in the UK at least, Accoya is still selling very well indeed. The higher production is currently certainly required, but, as you rightly imply, at what cost?timberwolf
So, the interim results for the 6 months ended 30th September are due next Monday, 30th November. It'll be interesting to see if the company will have now reached a cash-flow break even position. This was clearly the hope for the board to happen at some point this year.timberwolf
26 November 2015 AIM: AXS NYSE Euronext Amsterdam: AXS 26 November 2015 ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company") Solvay and Accsys enhance their collaboration to accelerate marketing, sales and manufacturing of Accoya(R) Accsys, the chemical technology group, focused on the acetylation of wood, today is pleased to announce details of a new agreement with Solvay Acetow Gmbh ("Solvay"), to refine the relationship between the two parties for the licensing, marketing and manufacturing of Accoya(R) . This new agreement provides the framework and funding for a significant increase in the manufacturing capacity in Arnhem. Solvay will purchase a minimum 76,000 cubic metres of Accoya from the Arnhem plant over the period from 2016 to 2020 (the "offtake commitment") and as a result of the increased manufacturing capacity in Arnhem and consequent greater sales capacity, under the new agreement Solvay will review the optimal timing to construct its 63,000 cubic metres Accoya manufacturing plant. The enhanced relationship with Solvay will benefit both parties, with the increased manufacturing capacity and resulting sales expected to be achieved for Accoya in a faster timescale than would otherwise have been possible. Accsys will double the existing manufacturing capacity at its Arnhem site in stages, up to 80,000 cubic metres per annum from 40,000 cubic metres. The initial incremental 20,000 cubic metres capacity is expected to come on stream in mid-2017. The licence agreement covering Europe has been amended to provide increased royalties to Accsys and the return to Accsys of the selling rights for 20 European countries. Accsys will provide sales and marketing services to Solvay on agreed terms in respect of Solvay's exclusive European territories. A combination of loans and fees from Solvay, in addition to those due under the offtake commitment, will fund the majority of the initial increase in manufacturing capacity at Arnhem, with the balance to be met by Accsys' own resources, including the possible sale and leaseback of land at Arnhem. Paul Clegg, CEO of Accsys said: "We are pleased to be able to cement our relationship with Solvay through this agreement to expand our Accoya(R) manufacturing capacity and Solvay's commitment to purchase significant volumes from Accsys over the coming years. This is an exciting step in the development of our business and is further evidence of the fruits of our strategy to maximise returns from our technology platform and resultant product offerings." These agreements allow the market development of Accoya to continue and optimises the roll out of manufacturing capacity under its partnering program with Solvay, increasing the certainty of supply for Accoya customers and users. It also enables Accsys to continue to develop global markets effectively, building on the expertise that it has developed over the last few years. Accsys's interim results for the six months ended 30 September 2015 will be released on 30 November 2015. Endstimberwolf
Most would agree with you, but what can be done, realistically. CEOs know this but are so selfish they don't care what anybody thinks, as long as they are impotent to change it.jadeticl3
Looked in here. I understand the science and can see it being a success. When I see Clegg paying himself £916k/yr for an as yet loss making company with a M.Cap of £57m that's way out of place.serratia
The only thing that I can see that could remotely be connected to this drop was the announcement yesterday of an Extraordinary General Shareholders’ Meeting by Solvay, which is scheduled to take place on October 23rd. It's purpose, as far as I can see, is for the directors to propose to shareholders to grant it the authorization to increase the share capital of the company with a view to financing or refinancing the acquisition of Cytec in the U.S. www.solvay.com/en/investors/shareholders-meeting/index.html Of course I could be completely picking at straws here. :-)timberwolf
Thanks TW- hope you're right. Promising reversion of most of yesterday's loss ... At least thus far todayle4r
I see absolutely no reason why the share price should have dropped so much today. It's similar to the weird, unexplained drop we saw just after the release of the preliminary results 2014/15, from where it's since recovered. All I know from people in the UK distribution business is that Accoya is still flying off the shelf and gaining more market share. "Some folk know more than we do?" Maybe! However, I really don't see it as a factor, and, as you rightly say, the share price is prone to big swings. IMHO they should still be heading for a cash-flow break even position this year, which should boost the share price further. However, should there be a major upset due, then all bets are of course off.timberwolf
Looks very serious but this share has swung about a lot recently, dropping sharply one day only to rise quickly to be where it was. If it does not show some signs of recovery tomorrow ( irrespective of market) I will begin to fret. Still it is strange on such a big up day in the market.jadeticl3
Sea of red and 8.5% drop today... Some folk know more than we do??le4r
Went to see my local joiner today. Very busy two man business. He informs me that more and more people are asking for Accoya. he has experimented soaking it in water and is very impressed with its properties as it appears totally water resistant and does not change shape or swell. When does the factory in Freiburg start production? Are they building a plant in the USA? Will they reach profitability this year?david2013
No special reason I just like the story.capt bligh
Do you have any special reason for buying Capt? Are you new to this or topping up? I bought twice at about 65p. Saw them get to 80pbut they have struggled since results. However, I have always been in profit so not complaining.jadeticl3
Bought some of these todaycapt bligh
As is often the case, I'm guessing a mention of the stock somewhere in the media. However, nothing showing up on the radar yet.timberwolf
I too was hoping for some insight that I did not have to explain the leap. Maybe folk have realised that the fall since tha results was much overdone, but the movement in price was unexpected by me.jadeticl3
Interesting jump of 10% On share price today. Any ideas why?djabel666
Preliminary results 2014/15: hxxp://www.accsysplc.com/wp-content/uploads/2015/01/20150616-Preliminary-Announcement.pdf Generally pretty positive overall IMHO, although not cash flow positive yet.timberwolf
The Accys Technologies website is advising that the preliminary results for the year ended 31st March, 2015 will be announced on the 16th June. I've topped up a few shares on the recent dip as I'm hoping that maybe they will have now reached a cash-flow break even position in Q4 2014/15. This was clearly the hope in the Q3 2014/15 update.timberwolf
TIMBERWOLF: Fully agree with your last sentence (re Historic MWG) At least AXS has significant revenue - once you have their sort of level of revenue it is usually just a question of smarter management to ensure a postive drop through to the bottom line. Agreed re current ceiling - hence my query re likely bottom line - I will have to try and get sight of the Numis forecasts in detail. Latest ones in refs (April) are as at Oct/Nov 2014 No updates yet 2015 - Peel Hunt Pretaxloss £3.24M (eps -0.74p) 2016 Loss £1.68M eps -0.31 2015 Numis pretax loss £3.9M (eps -5.07p) 2016 Loss £1.62M (eps-2.01p) If they are right I have difficulty in seening a reason for investing at teh current market cap. Numis for MWG Last Refs update May 2015 Loss of £3.6M. 2016 Loss of £2M If Numis right MWG as we both suspect a total basket case but new Chairman could change things - He seems to be a good commercial animal but may be (as per my last post there) an oiler in troubled waters !!pugugly
Hi Pug and thanks for your post. I've been watching AXS for some time and, IMHO, it was mostly hype that pushed the listing share price in AXS so high. Yes, for sure it was overvalued at the time. I bought into AXS for the first time in September, 2013 and have been topping up on the lows since, including, as you know, with my MWG sale proceeds :-) Sales have grown substantially overall and I can't see this changing. Yes, I'm hoping for cash flow positive very soon now. The recent move up has been interesting, but seems to have hit a ceiling at around the £0.80 mark, for the time being anyway. You'll get some of my other views in earlier posts. Good luck if you have a punt yourself. Surely it can't be any worse than MWG! ;-)timberwolf
TIMBERWOLF:> Followed you over here from your post on Modern water. AxS had been off my rader since just after the placing when I reckoned it was over valued - was I right but I had missed the apparent turn round in the last 9 months. Still however very loss making - though last accounts make positive noises about becoming cash flow positive (far better than MWG however (imo) has a long way to go to justify the current capitalisation - Can you see this making say between 6m - 8m bottom line within the next couple of years ?? OK Numis have a target of 119P but they are house broker - Rose tinted glasses !!pugugly
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