Accsys Technologies Share Discussion Threads

[skyship] 07/10/2009 16:54

The Accsys Technologies (ASX) story of a chemical process that effectively turns softwoods into hardwood, certainly caught investors' imagination back in 2007 when the shares rocketed close to £3 for a Mkt Cap of c. £250m.

Since then the hard work of matching delivery to expectation has deflated the share price all the way back to c.60p – a level which now might well undervalue the very real global prospects for this totally unique patented technology which sells under the trade name ACCOYA.

In their 18th September issue MONEYWEEK highlighted ASX as a "Gamble of the Week" at the current E.0.67 (c.61.5p). I've had a look and I think their heads-up is a timely call.

Well worth doing a little research; as in my estimation the Technical Analysis of the share price suggests that we may well see a breakout from the recent consolidation phase back to the 80c level where the share price will tackle the 2yr downtrend - & a break through that would suggest a rapid recovery to the E1.20 level (110p).






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[937huff26] 02/10/2009 13:39

SITAIN
It wood get my vote but have you noticed how recycling and saving the planet goes on the back burner when the global economy is in trouble, they will be looking for ways to increase tax revenue so maybe a hardwood tax to go with the carbon one, that would be sweet

[sitiain] 02/10/2009 09:18

possibly, BUT
would it not make sence for governments around the world to ban the use of hard woods.
i can see this happening
amazon is responsible for 25 percent of the world oxygen and we are still allowing it to be cut down.
we must all be very very stupid.....
pay brasil an oxygen tax and leave the tree alone ..
so many obvious moves the world has to make .

[937huff26] 23/9/2009 16:10

Right company, right product, wromg time unless your prepared to wait for a global upturn in construction IMHO

[icarus4123] 20/9/2009 19:26

Tipped in Moneyweek

[xonghile kudu] 31/8/2009 13:06

Does anyone know what percentage Saad Investments currently has?

[silverthread] 20/8/2009 07:32

Today's interim statement seems to show revenues growing OK and sensible management control of costs. Accoya succesfully used on a road bridge is interesting. I didn't realise the material had that degree of strength.

[asmodeus] 10/8/2009 11:22

Many thanks.

[ted32] 10/8/2009 09:31

Panmure Gordon has raised AXS to hold from sell

[ted32] 10/8/2009 09:00

There was a tip from Mail on Sunday.

[silverthread] 10/8/2009 08:51

I guess it's the same as the justification for the fall down to the 50s on low volume and no news.

[asmodeus] 10/8/2009 08:10

So 431,000 shares are traded this morning, and the share price rises by 11.7%, with no obvious news. Please would those who have knowledge of the justification for this rise please be kind enough to tell us what this is?

[asmodeus] 07/8/2009 14:37

Sorry Lads; can't attend AGM after all (Hospital appointment).So I will submit my question in writing, and will have to ask others to do the same.

[dunluce] 05/8/2009 18:47

Asmodeus - apologies for the imposition but very much appreciated.

[asmodeus] 05/8/2009 16:04

Have to admit I did make a resolution never to reveal intentions to attend an AGM again, owing to the inevitable demand for reports etc.! However - will try and produce something.

[dunluce] 05/8/2009 15:31

Have decided to take a small punt today - have been monitoring this share for a long time ( having been previously in and out ). Still think the potential is huge here - but happy to hold for long term and add on further weakness ( depending on how things unfold)
Asmodeus - would be keen to hear feedback from the AGM ( If you have the time )

[hew] 04/8/2009 21:58

Asmodeus,

Well done for attending. In relation to asking questions, you may state you are asking on behalf of at least one other - me that is. Others here may add to the tally of course.

You might ask for details regarding the degree to which the Chinese licencee (Diamond Wood) is supported by Accsys financially, and with personnel (Glyn Thomas moved to Diamond from Accsys).

[asmodeus] 03/8/2009 18:13

Are any of you going to the AGM (Wednesday 19th Aug. - at 9.00 a.m.(!)

I have written to the secretary to complain about this starting time, as it looks to me suspiciously like the well-known ploy to deter shareholders from attending by choosing an inconvenient time and/or date. Anyway, I am planning to go, in spite of this, to see what sort of people are supervising the exasperating share price of this of this Company. And to ask, in person, for an explanation of the starting time.......

[ptgint] 02/7/2009 16:10

I agree HEW - and I am concerned at the increase in costs that have been incurred. Also don't like the Going Concern Note to the Accounts which won't help the share price in the short term.

[hew] 02/7/2009 07:24

My personal summary:

- fundamentals and strategy sound;
- operationally very tough and progress slow;
- to cut some costs.

[asmodeus] 02/7/2009 07:13

Preliminary reults announced this morning: * Revenue of EUR 31.2 million (2008: EUR 27.3 million)
* Significant further investment in the business to prepare for growth and future opportunities reflected in pre-tax profit of EUR 1.8 million (2008: EUR 5.4 million)
* Net profit of EUR 5.4 million (2008: EUR4.1 million)
* Earnings per share of EUR 0.035 (2008: EUR 0.027) .......

..........In 2008, shareholders received a dividend of EUR0.01 per share. Payment of a dividend is not proposed for 2009. The Board deems it prudent for the Company to protect as strong a balance sheet as possible during the economic downturn.
The Board will consider dividend payments again in the future as appropriate.

But please see full report.

[asmodeus] 01/7/2009 10:45

Never mind - I have phoned the Company, and they confirm that the warrants are not available to the market in general. Also, that the reults are still being prepared, but should be out within the next week or so. I do hope it's not going to be another case of bad figures taking longer to add up than good ones!