Accsys Technologies Share Discussion Threads

[tsk 1] 21/12/2010 21:20

Me too - almost. But I'm patient :-)

[asmodeus] 21/12/2010 20:19

That is true, TSK, but, since a lot of people invested in 2007, 2008, and 2009, and are therefore showing huge losses (see graph above), (if still holding), there are, as I said, a lot of disappointed investors, and I am one of them. But you are right, those buying more recently may have made a profit - and I am one of them!

[tsk 1] 21/12/2010 20:06

That depends on when they made their investment - and what their patience levels are.

[asmodeus] 20/12/2010 20:57

I've got news for Mr Clegg; there are, already, lots of disappointed investors! (See last line of article).

[tsk 1] 20/12/2010 19:56

From The Telegraph (co.uk) today...

"If we get it right our market capitalisation will be between €1bn to €2bn within five to six years." Paul Clegg, CEO.

I hope they do - that's at least £846m at today's exchange rates.

[philjeans] 02/12/2010 16:27

Will be bust before they strike a profit.

[asmodeus] 02/12/2010 16:24

Going well now, though. (Up about 10%)

[outsider] 02/12/2010 08:07

Anyone listen to the conference call?

[damanko] 01/12/2010 09:03

A snippet from yesterday's results:

"The Directors are expecting to raise funds from a number of potential sources in order to meet the costs of construction and on-going operating costs during the period until it is expected that the expanded plant will generate sufficient income to make the Group cash-flow positive. The Directors have commenced discussions with some of these potential sources of funding and are confident that funds will be raised; however no binding agreements are yet in place."

Several years down the line as a quoted company, and still in need of funds...

[outsider] 01/12/2010 08:28

Looks like they need money again...not good

[asmodeus] 30/11/2010 17:32

Brilliant News! They've only lost 7.6M, this year, against 8.0 last. Seriously, though - sales are up.

[damanko] 19/11/2010 00:05

18 November 2010

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Board Change

Accsys is delighted to announce that Patrick Shanley has joined the Board of the Company as a Non-Executive Director with effect from today's date. Patrick has extensive board room experience in the chemicals sector, having previously been Chief Financial Officer of Courtaulds plc and Acordis bv and Chief Executive Officer of Corsadi bv. Patrick is currently Chairman of Corsadii bv and Cordenka Investments bv, being the two remaining Acordis operating entities controlled by CVC Capital Partners.

Gordon Campbell, the Company's Chairman, commented:

"We are absolutely delighted that Patrick has joined the Board. I have no doubt that his thorough knowledge of the chemicals industry will add considerable value to the Board, given the importance of acetyls in Accsys's proprietary wood and wood fibre acetylation processes."

The Company also confirms that Kevin Wood has resigned as a Non-Executive
Director of the Board with effect from today's date.


There is more to the announcement, but more is very often less, as we know.

[outsider] 18/11/2010 23:54

November 2010

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Board Change

Accsys is delighted to announce that Patrick Shanley has joined the Board of the
Company as a Non-Executive Director with effect from today's date. Patrick has
extensive board room experience in the chemicals sector, having previously been
Chief Financial Officer of Courtaulds plc and Acordis bv and Chief Executive
Officer of Corsadi bv. Patrick is currently Chairman of Corsadii bv and Cordenka
Investments bv, being the two remaining Acordis operating entities controlled by
CVC Capital Partners.

Gordon Campbell, the Company's Chairman, commented:

"We are absolutely delighted that Patrick has joined the Board. I have no doubt
that his thorough knowledge of the chemicals industry will add considerable
value to the Board, given the importance of acetyls in Accsys's proprietary wood
and wood fibre acetylation processes."

The Company also confirms that Kevin Wood has resigned as a Non-Executive
Director of the Board with effect from today's date.

Paul Clegg, the Company's Chief Executive Officer, commented:

"We are extremely grateful to Kevin for his support since stepping down as Chief
Finance Officer in April of this year. This has ensured an extremely smooth
transition to our new CFO, Hans Pauli, who is now well established within the
Group. I would like to thank Kevin once again for all his valued work during his
tenure with the Company."

The following disclosures are required regarding Mr Shanley's appointment
pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies:

[damanko] 17/11/2010 19:18

Good question - again. I was looking forward to the reply. Still am, as it goes.....

[asmodeus] 17/11/2010 15:48

MH100 (Re: 1262) - any chance of a reply, please? (Perhaps the price was so out of line that its provoked this price fall?)

[damanko] 17/11/2010 15:01

10 November 2010

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Further to the announcement of 21 October 2010 the Company confirms it has been, and continues to be, in close communication with Diamond Wood. The Company is pleased with the progress being made and a further announcement shall be made as and when appropriate.

Ends

Not happy with this announcement, given that Accsys & Diamond Wood have been in bed together for many years already. More smoke, and more mirrors, I feel ..

[outsider] 12/11/2010 08:26

Nothing but buys recently but price seems stuck.

[outsider] 11/11/2010 06:58

Research shows Accoya is more durable than teak and CCA-treated timber



New research has shown that Accoya modified wood is more durable than teak and CCA-treated wood.

Scion, formerly known as the New Zealand Forest Research Institute, conducted several fungus decay chamber and exterior ground tests on Accoya, merbau, cedar, teak and cypress, as well as CCA-treated timbers.

It found that after five years' exposure in the chambers and in the ground, Accoya was in much better condition than the other samples.

After 60 months, all Accoya stakelets were in good condition, with just two showing signs of minor decay, while three of the CCA-treated samples had failed and the remaining were in poor condition.

Cypress scored 3 out of 10, cedar 5, and Accoya 9.8.

Accsys Technologies, which owns the Accoya business, said the research shows that the product can be used for a wider range of applications than the current joinery, cladding, decking and external beam uses.

[outsider] 11/11/2010 06:56

Useful info from the old thread:

European Conference on Wood Modification 5
Riga, Latvia, Sept 19-21, 2010

As world leaders in the field of wood modification, Accsys Technologies the producer of high
technology Accoya® wood, was recently invited to present two papers at the fifth European Conference
on Wood Modification (ECWM5) in Riga.
The title "European" is a misnomer since there were 28
nations represented at the conference, with many American
and Asian delegates. With such a strong focus on wood
modification, ECWM5 is the only event of its kind in the world,
which explains why it attracts such a range of attendees from
commercial, governmental and academic organisations. Many
guests are widely-respected opinion leaders in their
geographies.
Accsys Technologies presented two papers at the conference.
The first, on modified wood structural considerations, and the
second focussed on how to effectively conduct a product environmental impact analysis. Both the
lectures and exhibition presence helped maintain and further Accsys Technologies' reputation for
technical leadership and innovative contribution to the modified wood industry. Reaction and feedback
to the papers clearly demonstrated that acetylation is still very much viewed as the gold standard in
wood modification by the world's experts in this area. A new study from Scion, formerly the New
Zealand Forest Research Institute, supports this popular opinion by concluding that Accoya® wood is
more durable than four of the most naturally durable wood species and in addition, more
durable than wood treated with CCA to ground contact specification

[outsider] 10/11/2010 11:34

· One-off non-cash impairment charges relating to Diamond Wood totalling €35.5 million.


from accounts,.....so that could have to be revalued.

[outsider] 10/11/2010 11:34

· One-off non-cash impairment charges relating to Diamond Wood totalling €35.5 million.


from accounts,.....so that could have to be revalued.

[outsider] 10/11/2010 11:32

In light of the amended Licence Agreement, and having consulted its auditors, BDO LLP, the Board of Accsys announces that it considers the net amount of €25.5m receivable relating to Diamond Wood may not be recoverable and that it should, therefore, be provided for. This provision reflects the expected change to Diamond Wood's business plan in respect of both the timing and the total capacity of the plant that Diamond Wood may now build compared to previously expected.

The provision will be charged through the statement of comprehensive income and will result in the Group recording a substantial impairment charge and a loss for the year ended 31 March 2010. It is emphasised that this write off will have no impact on the Company's cash resources.

In addition, pending conclusion of Diamond Wood finalising its funding arrangements, the Company announces that a provision for the impairment of the entire balance of €10m will be recorded in the 31 March 2010 financial statements. In the event Diamond Wood completes the fund raising, the balance may be revalued.

[outsider] 10/11/2010 10:42

If I remember right Diamond wood is written down in the last accounts because of the uncertainty, and now it looks likely that they can add some value back to the balance sheet

[tonsil] 05/11/2010 15:23

hey back in profit - go go!