Accsys Technologies Share Discussion Threads

[wad collector] 06/2/2009 19:08

I don't mind a bit of trawling but only a deep sea fisherman would want to trawl back through 1029 postings!

[damanko] 06/2/2009 09:03

wad, if you trawl back on this thread, I think the information you're looking for, though price wise a little out of date. Bit like the share price.... Happen we should stick with QQ. for now, at least that is ticking up.

[wad collector] 05/2/2009 22:43

Does anyone know 1.The depth of the effect of the acetylation? ie is it just a surface phenomenon and will be removed by some hefty routing or cut ends? (I have read all of this yrs press cuttings and cannot find much more than some partial science with bizarre graph axis) and 2.What sort of price per cube it is actually being sold at?

[goosegreen] 05/1/2009 11:33

Steady rise still ongoing - is good news coming soon?
Jon

[spudders] 30/12/2008 17:08

Another big buy today. Anyone wish to comment?

[spudders] 29/12/2008 15:52

Someone is feeling confident 1M O buy or closing a short. Is sentiment turning on this one.

[smiling mickey] 22/12/2008 17:38

Hew,

Interesting option for them to build their own plant in Europe, however it would go against previous strategy which is a model baased on licencing income.
I'm not sure what the Capex is for a processing plant. It seems to me that they will need to hoard the cash they have to bridge the time to profitability and consistent cash flow. Raising capital in the market right now, with a depressed share price seems unlikely.

I'll be a buyer of this stock if they start to announce firm licenses, in EU/USA with downpayments and fixed construction timescales.

[spudders] 16/12/2008 17:22

Accoya has produced its first bridge. BSM website has more details if interested. When construction/building starts to take off again Accoya will be in demand. There is still a buzz about Accoya with small builders/joiners.
DYOR.

Spudders

[hew] 12/12/2008 15:37

smiling mickey,

Could it be they are seeing that as their own patch, and will want to set up their own plant, funded of course by the fees from the RoW? Or at least, keep the option open to do it.

By the way, I've not seen it yet but the IC has them as a Buy on the results.

[asmodeus] 11/12/2008 14:42

A lesson to us all, Mickey; I, for one, will certainly look at reports more carefully in future.

[smiling mickey] 11/12/2008 12:58

Asmodeus,

AXS has seen a very significant drop in income compared with the second half of last year when it received a burst of "licence" income from China and the MIddle East.
Sales volume increases of 200% sound very impressive however AXS sale were starting from a very low base 12 months ago so a doubling does not amount to much in terms of actual revenue increase.
The report says that sales volumes are now being limited because the plant a Arnhem is a demonstration plant and is having to carry out a lot of test work for customers so we won't be seeing much growth from here. Quite understandable but not helpful for improving the financial performance.
IHMO look out for real licensing news (ie actual decisions to proceed with construction.) The stuff teh AXS put out about appointing agents and distributors would not warrant an RNS by most Companies.
AXS has reduced its cash balance by (I recall) by 15 million euros in the last 6 months and will need to start generating some licence income soon in order to avoid having to go back to the market for more cash.
This company may yet manage to develop a successful business. But I continue to ask myself why they have yet to establish a licensee who is building a plant in Europe after all this time.

[asmodeus] 10/12/2008 20:45

Apologies to all if this is so. I must not be so hasty next time.

Edit: the following, from the Proactive report mentioned above, are the figures I thought encouraging: "Results for the six months ended September 30 2008 show revenue of €17.9 million, up from €3.8 million in the same period a year earlier, and the group swung to a pretax profit of €0.24 million from a loss of €5.0 million.

Revenue comprises sales of Accoya branded wood produced at its Arnhem facility in the Netherlands, and technology fees and option fees from licensees. Sales volumes of Accoya have increased by 200 percent compared to the same period last year."

[smiling mickey] 10/12/2008 19:12

Asmodeus,

If you think the results were impressive you must be living in a different reality to the one where most of us live!!

Significant cash burn, and more or less zero profit, with very little licence income.

Forget about the verbage and concentrate on the numbers!!!

[aritchie2] 09/12/2008 09:35

whats going down here? are they being shorted.

[andy] 09/12/2008 01:44

New article!

[asmodeus] 08/12/2008 11:00

Well - the share price has, indeed responded. It's fallen! (By 6.8% it says here). Edit: but that was at 11.00 a.m. Now it's up by about 10% .(3.00 p.m.)

[hashertu] 08/12/2008 10:42

Note this comment from the accounts.

"The Company has a current market capitalisation of approximately €210 million. Whilst 2008 has not been an easy year in the public markets, and the Company's share price has fallen by almost 60% since the 1 January 2008, it has performed in line or slightly better than the overall market index for its relevant listings on FTSE AIM 50 in London and NYSE Euronext Amsterdam. Although the shares have seen good liquidity, we believe that they also may have been subject to significant 'short selling' in the period, perhaps due to their better liquidity than other AIM stocks. The management is focussed on delivering results for the business and believe that in doing so the share price should take care of itself. It is therefore the positive business developments on which we maintain our focus."

According to Euroclear, 11% of stock (average over month) was on loan during November. This is pretty high compared to most stock.

I have read that one justification to allow shorting is that it improves liquidity. Here, WP is saying that liquidity may have allowed shorting. How perverse!!

[asmodeus] 08/12/2008 08:06

Very impressive results this morning. But will the share price respond??

[scrutable] 07/12/2008 01:52

Interims out on Monday 8th 'if possible' according to Park Green Comms.

Should be strong enough to create visibility for this extraordinary share.

[dumbarton2] 20/10/2008 13:44

Not good looks like it will fall to its listing price or even below.

[andy] 28/8/2008 08:05

New article just written.



What has Accsys Technologies PLC got in common with Chipotle Mexican Grill Inc, Google Inc, and Staples Inc? Give up? Accsys has just been included in the 2008 Sustainable Business Twenty (SB20), a list of the world's top sustainable stocks that is published annually.........


For full report, click link below;

[hew] 27/8/2008 07:27

D Tel yesterday carried a profile of W Paterson-Brown. Nothing much of interest.

Two comments perhaps:

re a let-up in consumer demand he said: "certainly is not in the Far East and Middle East. We are in the Middle East and Far East and will move to Europe and the United States";

re being "most shorted" Aim share he said: "we have got quite good liquidity. We have 155m shares outstanding, and a free-float of about 100m shares ..... we look forward to the days when the bears have to cover!"

[clearsoup] 16/8/2008 21:25

Might it be processing carried out on behalf of licensees, eg whose own plant is not (yet) able to supply sales they have contracted. (A complete guess: let us know what the co has to say).

[hew] 15/8/2008 07:13

Q1 Statement RNS today.

"Sales revenue for Accoya® wood, produced at the Group's plant in Arnhem, The Netherlands, increased by 38% quarter on quarter, with sales volumes increasing by 131%, due to an increase in the proportion of toll processing."

Before I trouble AXS, can anyone explain the "toll processing". Obviously it means "at low cost". Is it perhaps material that has already been paid for within some licence arrangement? Or is the difference between Rev and Sales merely that billing takes place subsequently to delivery?