Accsys Technologies Share Discussion Threads

[philjeans] 17/11/2009 10:36

ursus; that wasn't a tip - merely a comparison to show how overblown this outfit was.

and is, it would seem!

Hope you're not in still!

[gwr7] 17/11/2009 10:33

Financial Highlights
 Net cash position of €9.5 million (2008: €29.6m).

Oops.
Take a look at the share price performance of KURA who came to market with a similar idea.

[ursus] 17/11/2009 10:02

let's hope people didn't follow yr tip for TRT as well!

[philjeans] 17/11/2009 09:50

This was one of my comments at over £2.50, whilst I was happily shorting this one all the way down, on 11th July 2007!

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"As an existing shareholder in the business (through Cameron and McViven), I'm as excited by the technology and prospects as some of you.

But in life, and especially business, things seldom turn out as we expect - how many re-drawn cashflows I have done, and seen - and we are faced with constant and different challenges from all sides.

I just feel that the market cap at £400M is pricing in success, no hitches, no competition, delays or flaws etc for the next 10 years at least. That is unrealistic. Incidentally, how many will be around in 80 years to check the lifetime guarantee?!!

If I was in profit with this one, I'd be sorely tempted to take 'em now while it all looks rosy. I've been playing the market for 40 years and seen many a slip between cup and lip - check out TRT for another ITP company expecting massive income from auto sensor IPR with established contracts with Honeywell, Michelin etc. I have held since single figures. It has halved in price recently simply because of an analysts note that warned it will not get into profit until 2009. That's a superb, proven product with immense cashflow potential - now valued at £46M!

Plenty of puff in this one - no substance as yet."

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I hope you all got out alive!

Could be value here one day but, as I believed, it was way overvalued; pity Rathbone's "expert" didn't have a little more experience when she invested millions for her clients near the five quid mark.

[ursus] 17/11/2009 08:31

i assume that the going concern paragraphs in the interims largely explain the sharp price drop. that and the fact that some big shareholder(s) seem to want to get out....

worth standing by just watching at the moment i think.

[asmodeus] 13/11/2009 18:06

11th Nov 2009 : "Universal Forest Products Western Division Inc. to Distribute Accoya® Wood
Universal Forest Products Western Division Inc. (UFP-WD) and Titan Wood Inc., a subsidiary of Accsys Technologies, PLC, a company listed on AIM and Euronext, are pleased to announce UFP-WD will distribute Titan's Accoya wood in the United States." Etc.

Edit: So price falls 8.4% today! (13th)

[outsider] 25/10/2009 02:05

good post, not sure overvalued, because the potential is so significant, and it's a unique niche green play, that could be a 10 bagger....the dip in the price looks down to a one off factor....the credit crunch which has delayed funding for the partners and slowed down other things, but we are steppin g out of that & we look at the bottom of the dip to me, positive news is sure to filter through about progress & that should be the start of a quick re-rating, whch is why I decided to buy now, even if it may cost a point or two, in the long term I think I'll be pleased.

[nils214] 24/10/2009 08:35

with turnover of 27m Euro and a market cap of 101m, still seems to be overvalued even at these prices. That said there seems to be a lot of activity in licensing agreements, North America supplier agreements etc, so there is the possibility of them all coming together at the same time and providing lift off. Doing more research into this as chart wise it looks like it has very limited downside and a lot of upside potential. The only caveat is that the previous share price was based purely on speculation with zero turnover, so it is not a case of getting back to previous profits, but more a case of continuing development during uncertain economic times in the global market...definitely one to watch!!

[outsider] 16/10/2009 10:04

btw max size is only 10000 now with selftrade online

[outsider] 16/10/2009 09:58

Bought a few today with all the negative news known this simply hasn't moved with the market, due a re-rating in my opinion.

[this_is_me] 15/10/2009 09:23

this is one that needs to be a hold for the long term. If the material is accepted by the trade the company will be worth a lot of money in 10 years.

[gwr7] 15/10/2009 08:12

Sure they've got plenty of distributors but sweet fa to sell.

[skyship] 15/10/2009 07:23

ASMO - quite right - frankly I think the good news outweighs the bad...

[asmodeus] 15/10/2009 07:12

Good news about American distributors, though:-
"Accsys is pleased to announce that it has reached agreement with a number of
distribution partners in North America as it continues to focus on its sales
network. The list of partners includes Universal Forest Products, Inc., a NASDAQ listed company which had over US$2 billion of sales last year."

[skyship] 15/10/2009 07:03

Disappointing trading update - but the bearish factors were all known, so any share price setback will be very temporary IMO.

[5070481] 14/10/2009 10:17

we should be getting a breakout soon on this. Far too much volume of late and great news previously regarding increased revenues

[skyship] 13/10/2009 17:14

No! You may well be right. Whatever - certainly ACTIVITY...

[masurenguy] 13/10/2009 16:28

Are you sure it was a Buy at the midprice rather than a stock transfer between brokers ?

[skyship] 13/10/2009 15:07

Another 2m bt @ 70.1p!! Is something going on here? If the tap dries up we could be motoring sooner than expected...

[skyship] 13/10/2009 11:16

Some big buying going through again today - 1.1m in the past few minutes - could be the Finns back for more.

Volume is very often the precursor to a sharp move, so it is interesting to take a look at the volume in the chart header.

[masurenguy] 13/10/2009 08:07

damanko - could you add daily and long term charts to the header. TIA

[937huff26] 08/10/2009 20:50

I have to say and all imho this looks like a fantastic entry point, this company makes money, wow

[skyship] 08/10/2009 07:01

Damanko - quite right - edited accordingly.

Encouraging to see that Finnish mutual fund management group has today announced that it has bought another 1.7m shares, taking its stake through the 6% level..

[damanko] 07/10/2009 17:30

Interesting post SKYSHIP, though Accsys never went towards £4 pounds, the currency was (and is, for this share) € / Euro. Funnily enough, not a lot of difference between the currencies right now, but - at the time it was indeed rocketing, the exchange rate was very different.

In effect AXS placed at around the 80p mark, four years ago. However, your post highlights the fact that it is pretty undervalued right now. It hasn't really had any benefit from the remarkable stock market recovery in recent months.