Accsys Technologies Share Discussion Threads

[fryern] 10/7/2007 13:42

Damanko

Yep

That's how I read it....

Thanks Fryern, now more mud in the water though. Is that meant to signify that the brother's & Stef's holdings are included in the M&C holding?

How many issued shares does M&C have?

[philjeans] 10/7/2007 12:36

busraker; all very interesting but the present valuation includes a good part of these projections already!

And little margin for error or slippage at £400M M/C!

I'm tempted to short, not buy, at this stratospheric figure!

[busraker1] 10/7/2007 12:28

Well worth reading this again from the recent Preliminary Results:-

With our technology being validated at full commercial scale, we have been able
to progress discussions with a number of interested parties, in many parts of
the world, who are enthusiastic about the potential that Accoya offers. We have testing programmes with large-scale licensees in windows, decking, cladding and panel products in the USA, with sawmill operators and distributors in Europe, with companies in the Middle East including a major construction company and with large scale suppliers in Australasia, South America and the Far East.

The main revenue driver for our business is licensing. We are developing
licensing packages and gearing up to resource the negotiation and support
required to secure a portfolio of licensed manufacturers of Accoya. We expect
to announce a number of new licenses during the course of the year on a wide
geographic scale, with the first significant licence revenue having already been secured by our agreement with Skanfore S.A., described below:

Skanfore licensing agreement

Skanfore LLC is a privately owned trading group, based in Abu Dhabi, whose
evaluation of current and projected building projects within the GCC countries
identified significant opportunities for licensing Accoya production.
Accordingly, at the end of 2005, Skanfore took an initial option over licensed
capacity of 50,000 m3 per annum.

During the past fifteen months, Skanfore has identified a number of potential
licensees including three in the Gulf region - for Saudi Arabia, Dubai and Abu
Dhabi - each interested in a minimum 50,000 m3 capacity, as well as interest
from South Africa, Malaysia, China and Russia. Having sensed the potential
scale of demand for Accoya, Skanfore believes it can deploy substantial
resources to develop licensee demand across a large part of the globe and has
agreed to underwrite a substantial upfront payment to secure rights to license
Accoya.

Under the agreement announced on June 25th, Skanfore S.A. has taken rights to
license 500,000 m3 of annual production capacity and will make a payment of
Euro10m, representing 10% of the technology fees associated with this volume.
Skanfore will then receive a share of Technology Fees received by Accsys from
licenses it arranges. The Group stands to benefit substantially from Skanfore's introductions whilst also reducing execution risk. The payment of Euro10m will clearly represent the start of significant licence income for the Company, being the main source of profits going forward.

[damanko] 10/7/2007 12:19

Thanks Fryern, now more mud in the water though. Is that meant to signify that the brother's & Stef's holdings are included in the M&C holding? If so, the free float looks a little healthier/larger, the list you've provided amounts to almost 53%, which seems more likely than the earlier list of major holders.

[fryern] 10/7/2007 12:04

From statement 28/06/07 07:01 UKREG PRELIMINARY RESULTS


Note * 20,000,000 Ordinary shares and 415,184 Deferred shares are
registered in the name of MacNiven and Cameron Equity Holdings Limited. Messrs
S Allesch-Taylor, W Paterson-Brown and Mr T Paterson-Brown have beneficial
interests in those shares as they are three of the discretionary beneficiaries
of a trust which owns the majority of the issued share capital of MacNiven and
Cameron Equity Holdings Limited. None of these persons can exercise, or
influence the exercise of, the voting rights of the Ordinary and Deferred shares
held by MacNiven and Cameron Equity Holdings Limited.

The following shareholders held beneficial interests in the Ordinary shares
exceeding 3%:


MacNiven and Cameron Equity Holdings Limited 13.44%
Saad Investments Company Limited 8.61%
Oak Foundation USA Inc, and related parties 8.07%
Rajhi Holdings 6.07%
Celanese Chemicals Europe GmbH 5.46%
Rathbone Investment Management Limited 3.90%
UBS Wealth Management (UK) Limited 3.83%
Axa Framlington 3.50%

[fryern] 10/7/2007 10:03

MacNiven & Cameron Eqty Hlds 15.10%
W W Paterson-Brown 13.44%
T Paterson-Brown 13.44%
S P Allesch-Taylor 13.44% .

Diogenes

The relevent bit is the above control AXS (over 50%).

[damanko] 10/7/2007 07:50

Sorry, but it is relevant.

Many shareholders are "locked in" with Macniven & Cameron Equity Holdings Limited - an unlisted outfit, details as above. It has substantial holdings in both Accsys Technologies & Medicsight. Accsys has quadrupled in 2 years. Medicsight is now listed (in one form or another) on both sides of the Atlantic, with a third, related listing in process Stateside.

The 2 brothers who are now respective CEO's of these companies were instrumental in the turnaround of M&C from what started as a property EIS in the eighties. Wheels within wheels....

We are looking at ways to realise some value from all this. As you know with unlisted shares, that is seldom easy.

[diogenesj] 09/7/2007 21:23

If this is on topic and not just a private chat, could you let us know what you are all on about?

[damanko] 09/7/2007 16:47

0207 016 1850. Company Secretary - Mr C.C Morse. Chairman - Mr G.A. Gooch.

Give them a call. Another shareholder has already in the few days (but you don't know that....). Am trying to do some research on their holdings in AXS & MDST, then I'll call them later this week. Latest I can find on the MGT holding is an SEC filing, dated 29th March 2006, stating 10,673,642 shares, you agree? Still looking to see what the exact number of AXS shares are, may have to rely on the 15.10% holding advised earlier this year.

The more of us who call M&C (and don't appear to be acting in concert), the more chance we have of some action, ripples, whatever.

[fryern] 09/7/2007 16:20

MACNIVEN & CAMERON EQUITY HOLDINGS LIMITED

Anyone know their 'phone number?

[fryern] 09/7/2007 16:17

Name & Registered Office:
MACNIVEN & CAMERON EQUITY HOLDINGS LIMITED
7 QUEEN STREET
MAYFAIR
LONDON
W1J 5PB
Company No. 02320261

Status: Active
Date of Incorporation: 22/11/1988

Country of Origin: United Kingdom

Company Type: Private Limited Company
Nature of Business (SIC(03)):
7415 - Holding companies including head offices

Accounting Reference Date: 31/12
Last Accounts Made Up To: 31/12/2005 (FULL)
Next Accounts Due: 31/10/2007
Last Return Made Up To: 30/01/2007
Next Return Due: 27/02/2008

Last Members List: 30/01/2007
Last Bulk Shareholders List: 30/01/2007
Previous Names:
Date of change Previous Name
12/01/2006 STG HOLDINGS PLC
28/11/1997 WORTHING PREMIER PROPERTIES (HOLDINGS) PLC
27/01/1989 FLOWGILT PUBLIC LIMITED



Funny old game I was born in Worthing!!!

Went to the High School - had to be tested for that..........played loads of Rubgy.

Their first property was a grotty bungalow in Findon Valley.

[fryern] 09/7/2007 16:03

Good news if they can't be trusted it is a criminal offence these days..........

Stefan no longer has an interest in MGT. Hasn't for must be a couple of years.

[philjeans] 09/7/2007 11:21

Agreed damanko; some of us "stranded" minority shareholders from the old STG Holdings era are feeling rather sore that we don't appear to be sharing the good fortunes of the directors, with whom we entrusted our savings several years ago.

Can they be trusted I wonder?

[damanko] 09/7/2007 11:13

Don't stop at temptation Fryern, why not just do it? While you're chatting, ask him what Macniven & Cameron Equity Holdings Ltd plan on doing with their stakes in AXS & MDST.....?

[fryern] 09/7/2007 10:40

T Paterson-Brown 13.44%

Just bought $5m of MGT @ $5 - says there grossly undervalued. Ringing the bell at AMEX today......

W W Paterson-Brown 13.44%
T Paterson-Brown 13.44%
S P Allesch-Taylor 13.44% .

We know what Willy and Tim are up to. I wonder when Stefan will appear!

Tempted to call his mobile!

[azalea] 09/7/2007 10:18

News of a licensed order will take it to 5 euros.

[lasata] 09/7/2007 09:35

There she pops and now we shall find out.

[lasata] 09/7/2007 08:22

If share price goes through 4.5 eur what targets do we have?

[diogenesj] 07/7/2007 17:53

An RNS from Pratt or Cat Trousers would certainly help, but it looks to me as though it has a mind to go up anyway.

[azalea] 06/7/2007 15:14

The share price has to break out of the prevailing price range; only good newsflow is likely to do it.

[george62] 06/7/2007 15:01

Looking good on Level 2 again for a further upward move

[azalea] 05/7/2007 10:26

Says it all really.