Accsys Technologies Share Discussion Threads

[goosegreen] 20/11/2007 09:41

It could be that local consumerable supplies are preferable in many instances, rather being tied to one supplier (and their pricing structure).

But it was the distribution agreement that prompted my comments.

[silverthread] 20/11/2007 08:44

It's worth reading the RNS from 28th March on the original agreement between Celanese and Accsys. Then read this latest RNS.

Back in March, the RNS pointed to a 'strategic relationship' between AXS and Celanese - at operational, global market, board and ownership levels.

The March RNS referred to a 'long term exclusive supply agreement'. The strategic partnership with Celanese was 'the perfect fit, which guarantees supply of acetyls for our Licensees, as well as our own operations in Arnhem.'

AXS were 'delighted that Celanese have chosen to take an equity stake in the Company' and 'welcome(d) their input on our Board of Directors.'

Today, the situation between the two companies is a much cooler 'at will trading/supply relationship'.

No idea why the relationship should have cooled between the two companies - but these things happen frequently in business. They obviously do not get on as well as envisaged 6 months ago, and do not see their futures as inextricably linked together.

It's impossible to say whether this is positive, neutral or negative for AXS.

What is positive, however (IMO), is the distribution agreement with Diamond Wood, with the license/on-going royalty revenues this generates for AXS and the huge potential that opens up for AXS in one of the world's fastest growing economy.

[hew] 20/11/2007 08:16

goosegreen, you appear able to interpret today's RNS as good news and the market ditto. The facts stated are clear enough, but could be interpreted variously. Please comment!


EDIT: Aha! Just seen the second RNS - clearer now.

[goosegreen] 20/11/2007 08:12

Excellent news today!!

See post 859!!! pure guesswork.

[goosegreen] 19/11/2007 09:55

TD waterhouse will deal only by phone.

[silverthread] 19/11/2007 09:32

There does seem to be a sustained rise after the recent drop on low volume.

asparks - Barclays only allow limit orders, since AXS is priced in Euros.

[asparks] 19/11/2007 08:47

does anyone trade these online?

[goosegreen] 19/11/2007 08:28

News leaking out???

RNS due soon?????

[goosegreen] 16/11/2007 16:30

Nice upside today.

Why?

[ba5hir is back] 13/11/2007 10:35

Deasd cat bounce yesterday. Avoid.

[ba5hir is back] 09/11/2007 14:59

A few numpskins buying then the share price will resume its downward trend.

[hew] 07/11/2007 17:41

It's probable that boredom is one factor in the share price decline. The initial production facilities are in place and all their production sold. The second set are yet to be built. Important licences are also in place but yet to be put to practical use. We can't expect much to happen for the next few months. Short-termers are getting out.

Not an issue for longer term investors - cheap top-ups available, and probably cheaper yet before the recovery.

[ba5hir is back] 07/11/2007 15:26

Day after day sell after sell drop after drop.

You were warned!

[solotrom] 07/11/2007 13:45

The 'ill educated person' could also be someone who has a long position and is concerned to see the share price falling on only good news (unless you count the unsubstantiated de-ramping on this thread, of course), and who therefore wishes to hedge their position pending finding a substantiated reason for the fall. Reminds me of the quote regarding 'the market being able to stay irrational longer than the investor being able to stay solvent'...

[goosegreen] 07/11/2007 13:38

Now the Yo-Yo effect!!!

[power] 07/11/2007 13:32

Broker says 'ill educated person shorting' . I said he's making money educated or not!

Its closed season now , news befgore xmas should boost it .
Sit it out is my guess now. Selling at tis level would be suicidal

[power] 07/11/2007 13:32

Broker says 'ill educated person shorting' . I said he's making money educated or not!

Its closed season now , news befgore xmas should boost it .
Sit it out is my guess now. Selling at tis level would be suicidal

[goosegreen] 07/11/2007 13:22

Lack of news??

[power] 07/11/2007 12:40

I can no bad news anywhere. Nothing has changed, forecasts are bright, the company's operating well, so why this continual fall? any ideas ?

[goosegreen] 06/11/2007 13:14

Oops - double reply!!

[goosegreen] 06/11/2007 13:13

Spudders

I have e mailed accsys to ask the depth of penetration. ( as the actress said to the bishop)

will update on reply.

Jon

[busraker1] 06/11/2007 12:43

Thanks, just a case of getting some licences signed up me thinks. Worth doing a quick spreadsheet with the income that would come in depending on differing assumptions about what licences get signed when.

[rgtaylor25] 06/11/2007 12:36

Nice summary busraker1; just need Accsys to leverage that competitive advantage more and put out some good news to get the share price moving out of its malaise over the past 6 months. Long term holder but would like to see some short term progress in the sp!

[busraker1] 06/11/2007 12:27

Kurawood say in their IPO doc:-

The Directors believe that in addition to hardwoods, plastics, metals, composites, and processes mentioned above, the following four companies utilise a number of the technologies listed above and compete with the Company.

Product..........Producer..........Technology Type

Lignia .........Fibre7 Limited......Urea and aminoplast

Indurite........Osmose Indurite....Cellulose based impregnation

Alowood.........EverTech LLC.......Cellulose based impregnation

Accoya......... Accsys.............Acetylated wood

When you research these products you see that they are mainly marketed for furniture, mouldings and flooring, all internal applications. Where, for example, Kurawood is marketed for outdoor garden furniture it is only given a two year guarantee and you are told that it will fade and deteriorate unless retreated regularly.

The big difference between Accoya and the rest is its ability to deal with water. Accoya controls the moisture content in the finished product like none of these others. Accoya has a finished moisture content of 3% to 6% depending on Relative Humidity. The other products have 9% to 12% or so, which is a more normal level. They can all boast about making softwood denser, so that it has some of the properties of hardwoods, but they don't seem to deal with water like Accoya at all.

Hence Accoya will be out in front for external applications where water control is the top most factor in the durability of the wood. The low Moisture content means the wood doesn't move very much and so the coating doesn't deteriorate in the same way, hence the claim that recoating only needs to be every 10 to 15 years. Basically, its ability to last outdoors is its key competitive advantage, I would suggest.