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Share Name Share Symbol Market Type Share ISIN Share Description
Accsys Technologies Plc LSE:AXS London Ordinary Share GB00BQQFX454 ORD EUR0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.60 2.89% 92.50 91.00 94.00 96.20 91.00 92.00 86,776 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 83.6 1.3 1.8 51.3 152

Accsys Technologies Share Discussion Threads

Showing 1251 to 1273 of 1775 messages
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DateSubjectAuthorDiscuss
02/8/2010
08:10
I never invested in this, but have a holding in a private, unlisted company that did. Now wondering if, after all the hype and un-hype, whether it might be worth a punt. At this level it may be a good time to get in, and forget it for a while. Any idea what Clegg The Elder's background is?
damanko
02/8/2010
07:33
Many thanks, Damanko.
asmodeus
02/8/2010
06:00
Interesting and sizeable write-up in yesterday's Sunday Times, in the "Green" section of the Business. Won't attempt a link, as I believe this stuff is paid for these days. Clegg The Elder came across as well regarded, and gave the impression he was on top of things, a few (normal) remarks about conkers, vinegar etc. Curiously there was no mention that the company is in trouble or cash strapped, nor the share price behaviour over the past couple of years. The whole thing was geared toward the future of the product, the manufacturing plant in Holland, and the growing number of license agreements, worldwide.
damanko
28/7/2010
14:25
By overwhelming demand, abbreviated report of above presentation: Co. was burning too much cash. Clegg brought in to sort out; had to raise money;and had to convert Arnhem from R & D into production. Now have 19 Distributors throughout world, and 14 more in prospect. Production was 8,000 cu.m - mow 20,000. Owing to world fimnancial collapse, Diamond wood reduced 4 (I think) "reactors" to 2, but with intention to expand, when market picks up. (Accsys own 15% of DW). I understand a video describing a reactor, is on website. We saw samples of Accoya "MDF". It looks just the same, but will withstand exterior use for 25 years. But about 4 x price of MDF. However -cheaper than marine ply, so I said surely immense potential for all the hoardings and screens round building sites etc. Also saw samples of Accoya "decking". Obvious potential if price tolerable. Altogether, we thought his confident attitude and obvious thorough knowledge of the products etc. very reassuring. But- still can't see the paranoia about allowing us into the AGM ! Actually, we were allowed into the room by an employeee, after strong protestations and demands, but were physically ejected before getting to sit down! If the Trust of which I am chairman was not showing a loss of over 90% on the shares, I would have arranged to sell the lot! However - am happy to keep my own small holding, and would happily increase it now, having met Clegg - if funds were available.
asmodeus
28/7/2010
07:57
Thought that would happen! Will try and do something a bit later today.
asmodeus
27/7/2010
20:29
Bravo, asmodeus. Can you give a little detail to Cleggy's ad hoc, pavement presentation?
horneblower
27/7/2010
15:23
First, the bad news: I got up an hour earlier than usual this morning, and paid about £36 for a ticket which, with my senior-citizen's permit,requiring departure after 9.00 a.m normally costs me about £12, and arrived at No.66 Hammersmith Road, soaked in sweat,at exactly 30 seconds after starting tine 9.00, to be told I coould not attend the AGM! A few seconds later, a non-British gentleman arrived, also denied entry, who told me he had endured a 7-hour flight to attend - and represented a shareholding amounting to 15% of the Company! We both protested very strongly, but the minion delegated to keep us out could not be persuaded to let us in! I attend quite a lot of AGMs, and, although rarely late, have never experienced anything like this before! However - the good news is that after the formal business had finished, Mr Clegg himself came out to see us, and delayed a subsequent Board meeting to give the two of us, plus one more late arrival, a personal 15 minute presentation, with which I, for one was very impressed, and left confident that the corner has been turned, and the future for the Company is good. Afterwards, I requested that, in future,it should be made plain in advance that no entry after starting time will be allowed (why?). Also, please could the meetings be held at about 11.00 and not 9.00.
asmodeus
25/7/2010
08:52
TELEGRAPH ARTICLE IN FEB 2010 Nick Clegg faces a challenge persuading the electorate to believe in the Liberal Democrats as a party of government. But his elder brother Paul faces a similarly daunting challenge. He needs to rebuild the belief of investors who have lost large sums in Accsys Technologies while he steers the company to profitability. Warning signs on nuclear powerConkers provide a clue to Accsys' original appeal to investors. When soaked in vinegar and oven baked, conkers become extra hard. Accsys uses a similar patented process called acetylation to change softwoods at a molecular level, making them more stable, durable and strong than teak and other precious hardwoods. Investors were excited by the prospect of turning abundant, fast-growing softwood from certified sustainable forests into a high performance material called Accoya with a 50-year guarantee. With reputable customers specifying timber from sustainable sources and legislators clamping down on chemical treatments, Accoya offered an attractive solution. Having originally been created through Dutch government funding of a university research project, Accsys raised €27m (£24m) through a listing on Aim in October 2005. This funded an acetylation plant in Arnhem. The company was listed on Euronext in September 2007 and corporate investors rushed in. The share price grew to €4.58, giving a market capitalisation of more than €600m. "Everyone in Accsys felt like they could walk on water," says Clegg, "and shared the investors' vision of royalties flooding in from licensees". It got off to a good start. A Saudi group bought licences for the Gulf states and an American entrepreneur called Greg Lee formed a new company called Diamond Wood to produce Accoya in China. "People assumed Accoya would sell itself," says Clegg. This led to "some bad management decisions" including a structure with an executive chairman in Geneva and a chief executive who managed the Arnhem plant and the Hammersmith central offices from premises in Dallas. As the global economy deteriorated, sales of licences dried up completely. Potential licensees were unable to raise the necessary funds to invest in production plants that would typically take two years to come on stream. The problem was compounded by a drop in hardwood prices. Accsys was slow to react. "The company over-committed on expenditure before achieving the sales it needed," says Clegg, especially when the business was losing an average of €2.7m a month. The share price sank to €0.51 as investors realised the firm would run out of money if the cash-burn continued. Clegg joined the board in April 2009, after years running European operations for an American investment bank, with a mission to restructure the business and cut costs. Urgent action was essential. In one dramatic month the workforce was cut from 150 to 102, the travel bill was slashed by €100,000 per month and costs reduced by 25pc. Instead of waiting for big licence deals to arrive, Accsys focused its sales effort onto distribution agreements for the Accoya wood produced in Arnhem. A dozen distributors in countries as diverse as China and Scandinavia now sell Accoya. Some successes have been achieved, including its use for a 32 metre road bridge and canal lining in Holland, and all the walkways and kiosks at Disneyland in Hong Kong. But there is no "landmark" project yet, with most of the uses for Accoya being "bread and butter" applications such as door and window frames. Clegg has also succeeded in raising a further €17m from institutional investors but unless Accsys can start generating income quickly, its share value will drop further and the company risks being snapped up by a private equity company. Much will depend upon the success of Greg Lee in raising €80m for his production plant in Nanjing. If he is successful, Accsys receives a lump sum payment of €4m and €750k per month until the royalties kick in. This will give a positive cash flow. Accsys is also working on a joint development project with Medite, one of Europe's biggest producers of MDF (medium-density fibreboard). Acetylated wood fibres and chips can be used in long-lasting wood panel products that can be used outdoors. Some observers believe the potential for the Tricoya panels will be even greater than that for Accoya wood. The number of live discussions with potential licensees has grown three-fold since September, but despite "life coming back to the market", no extra licence sales have been achieved yet. "We have taken Accsys from a wood acetylation R&D company with the world's largest wood modification plant," says Clegg, "into a commercially focused company selling licences in wood acetylation." 2010 is going to be a crucial year. "It is all about sales and business development now," says Clegg. "If we get it right our market capitalisation will be between €1bn to €2bn within five to six years." If they get it wrong, there will be a lot of very disappointed investors.
ebomber
21/7/2010
13:23
19 July 2010 ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company") Interim Management Statement - Benefits from process improvements start to be seen; - Accoya wood revenue record of EUR3.2m in the last quarter, a 46% increase compared to same quarter last year; - Staff costs reduced by 23% in the quarter, equivalent to annualised saving of EUR2.8m; and - Introduction of Accoya wood at the American Institute of Architects exhibition in USA. In the first quarter of the financial year, Accsys has started to see the benefits of the process improvements implemented over the course of the previous 12 months. In the three months to 30 June 2010, the Company achieved record Accoya wood sales and record production volumes at the production plant in Arnhem. Accoya wood revenue of EUR3.2m for the quarter ended 30 June 2010 is a 46% increase compared to the same quarter of last year. Production volumes have increased by 76% from 2,161m3 to 3,805m3 for the same period, reflecting forward sales. The improving performance of the Arnhem plant continues to be supported by the growing international network of distribution, supply and agency agreements with two agreements being signed since 31 March 2010, making a total of 19. In addition, Accsys continues to have a working relationship with a further 14 distributors and agents in key markets which have enabled the Company to sell Accoya wood in 17 countries. While Accsys continues to focus on decreasing costs and generating efficiencies, the benefits of last year's improvements and headcount reduction have had a positive impact on operating costs. Staff costs for the quarter ended 30 June 2010 were 23% less than the same quarter last year, which is equivalent to an annualised saving of EUR2.8m. In June 2010, the American Institute of Architects national exhibition in Miami, USA was the premier event to introduce Accoya wood to American architects. The event combined product and brand exposure to the most significant architecture firms in the USA, resulting in a significant number of sales leads. Moreover, considerable media interest and coverage is expected over the next few weeks. Accsys was also proud of the use of Accoya wood in the Florida International University's Solar Decathlon competition entry, with the team's award-winning design utilising sustainable materials in the zero-energy house. The Company is extremely pleased with the outcome of negotiations that resulted in an amended Licence Agreement with Diamond Wood China Limited ('Diamond Wood') which we announced on 21 June 2010. The amended Licence Agreement now reflects Diamond Wood's new business plan, which has been re-modelled to reflect their proposed funding arrangements. The amended Licence Agreement includes, inter alia, revised licence fee and royalty terms, with benefits for both parties. On 30 June 2010, following Diamond Wood's AGM, Accsys announced that they were in advanced discussions with two independent parties who were interested in investing sufficient funds for the construction of the first Accoya wood manufacturing facility in Nanjing, China. Diamond Wood had received an acceptable terms sheet from one of these parties and were continuing discussions with the other party. Since then, the Company has continued to work with Diamond Wood in anticipation of the fundraising being completed in the near future. The core business strategy remains the licensing of the Company's transformational technologies and the business development team has continued positive discussions with a number of other companies with a view to forming commercial alliances. Paul Clegg, CEO, commented: "I am pleased by the progress that has been made at our Arnhem plant with the record sales and production figures in the first quarter having been possible as a result of the improvements made last year. We continue to look forward to the completion of Diamond Wood's fundraising and continue to make progress in identifying other companies with whom we are having constructive discussions concerning potential agreements to use our technology." Ends
ebomber
05/7/2010
11:03
asmodeus - agree with the points in your post. Travel well, pay as little as possible, and I hope the day goes well. I reckon the news you'll receive will not be the best, but we all have to hope that it will - at least - be honest. Detailed report? Don't worry, just post your gut feeling. Regards damanko
damanko
05/7/2010
07:28
I am going, if only to complain strongly about the diabolical 9.00 a.m. starting time. I wrote to them about this before last year's, ponting out that holding AGMs at inconvenoent times is sometimes believed to be a ploy to minimise attendance by shareholders, and thought they had takrn this in! (Apart from having to get up at about 6.00 a.m., my cost of travel is trebled if travelling before 9.00 a.m., and suspect this applies to other shareholders with senior travelcards). But - is anyone else going? (Please don't expect a detailed report from me).
asmodeus
04/7/2010
15:55
Anyone going to the AGM. Almost had it with AXS after 3 years, need some good news to keep the faith :(
spudders
01/7/2010
15:19
Down some selling ? is their any potential with this company...I have not bought but looking and thinking.
sagem
21/6/2010
16:28
That is grim reading, too many iffs imho
937huff26
21/6/2010
13:41
......... but just could be the time for a small investment now.
hew
21/6/2010
06:24
Oh dear oh dear oh dear. What a frigging shambles!
philjeans
16/6/2010
20:14
Yes it has no future, another comnpany will pick up the technology when this goes bust, shame but i think its been credit crunched, happy to be wrong though
937huff26
14/6/2010
15:46
Does anyone know why they've dropped recently, been watching for a while and .50 seemed to hold quite well.
nobby25
10/6/2010
19:45
I wonder if they could get any money back on the bridge
937huff26
10/6/2010
17:04
This is going to run out of chart soon
937huff26
28/5/2010
01:19
RNS Number : 6520M Accsys Technologies PLC 27 May 2010 ? AIM: AXS NYSE Euronext Amsterdam: AXS 27 May 2010 ACCSYS TECHNOLOGIES PLC ("Accsys" or " the Company") Statement re licensee The Company is a shareholder in Diamond Wood China Limited ("DW") and has received a letter from the Chairman of DW convening an AGM to be held on Tuesday 29 June 2010. The Company currently owns 21,666,734 shares in DW representing a holding of 15.4%. In the letter, DW states that it is in advanced discussions with potential investors who are planning to invest sufficient funds to enable the construction of the first Accoya manufacturing facility in Nanjing. We will be meeting with DW shortly in order to discuss the impact of this financing, the possible phasing of the construction, and the impact on our current licence with DW. While it is not certain that any transaction will be concluded, the Management of Accsys is very pleased with the progress DW is making to secure funding for its project. Ends
outsider
27/5/2010
16:54
Well - as I said, *something* must have occurred to cause all the trading, and now presumably we have all seen the RNS.timed at 12.07. So clearly a great many people knew the contents of it well before us......
asmodeus
27/5/2010
15:33
Will be good for the business if they get the funding; but many a slip....etc. On the list.
philjeans
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