Accsys Technologies Share Discussion Threads

[brightontrader] 09/2/2011 15:43

So the price today 21p, is this the price after the rights issue or will go further down,ie: has the price dropped because thats what the shares will be worth effectively after the issue.

I currently do not own any of these although have in the past and have been watching the price wondering if I should go back in for some....

(The product is very expensive compared with some cheaper hardwoods coming on stream from plantations in Indonesia that do almost the same thing, but half the price. White Teak springs to mind, currently used for MDF fibre but if left for a few more years makes a decent cheap hardwood 150mm square post.)

[horneblower] 08/2/2011 20:08

Bale...or is it Bail?

[jebenn1] 08/2/2011 18:49

What's the story now?
1 for every 2 rights issue at a price of 0.15 Euros - that's is one hell of a discount to the current price. Or should I say it was a hell of a discount, it's not much now.

Should have sold a while ago.

Any views on taking or not taking the rights?

[spudders] 08/2/2011 18:13

Taking up the placing has got to be worth it if your a longterm holder from 2007 like me :( even though I feel we have been shafted good and proper. I still do not see Acccoya filtering through to us small joiners some 4 years on.
Its a good story & one day it may turn out good, but for now its in the bottom draw. Good luck all

[tsk 1] 04/2/2011 14:53

Aim_Trader,

At the present share price (23 Euros), the new market cap would be about £78m, or 92m Euros...or 823m Chinese Yuan Renminbi. In 5 year's time I might need a bigger calculator.

I consider myself quite lucky as I sold my holding a couple of weeks ago (more through necessity than choice).

[ursus] 04/2/2011 12:04

Will you be leading a revolt of these peasants, Wat Typo?

[typo56] 04/2/2011 11:26

Not from the point of view of the peasant holder Lord Ursus. 25.6c will see them worse off and eating gruel. It's 1 for 2 for the plebs, not 1 for 1.

[ursus] 04/2/2011 10:38

Post placing price extrapolated from close at 36.5 yesterday is c25-6 p, is it not, Miss Jones?

The placing helps to explain the sharp price drops in mid Jan, does it not.....some insiders didn't want to pay up....

[aim_trader] 04/2/2011 10:15

can anyone please advise me on what the market cap will be once these shares are placed?...

[2vdm] 04/2/2011 10:10

Anybody see anything positive in the price. Been hovering over this one for a while and glad I held back, but with the placing and mngt changes is it worth a long term punt?

[typo56] 04/2/2011 09:37

Yes, although I make the "parity price" from yesterday's close of 0.365 to be 0.2933, assuming holders take up their full offer entitlement. It would seem stupid not to as, unlike rights, I don't think you'll receive any payment on letting them lapse.

[outsider] 04/2/2011 08:54

Surely some if the price stays the same will take a profit on their alocation of circa 33%.

[typo56] 04/2/2011 08:49

Remember that a fall of 20% today is due to them being ex-offer today. ie, buyers today aren't entitled to the open offer shares @ €0.15.

[asmodeus] 04/2/2011 08:41

Amazingly, I sold last week just to reinvest elsewhere. Will re-invest now only when convinced that they are profitable, and not just hoping to be.

[outsider] 04/2/2011 08:05

im glad im on sidelines, got out a while back, will wait for opportunity if it arises.

[this_is_me] 04/2/2011 07:40

Half the company sold at less than half price. Current shareholders shafted. I am just glad that I decided to wait before investing.

[ebomber] 26/1/2011 07:38

RNS Number : 0051A

Accsys Technologies PLC

25 January 2011

AIM: AXS

NYSE Euronext Amsterdam: AXS

25th January 2011

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

Licence Option Agreement

Accsys, the environmental science and wood technology company, announces that Titan Wood Limited ("Titan Wood"), its wholly-owned subsidiary, has entered into a licence option agreement (the "Option Agreement") with a major multinational corporation in relation to the production and sale of Accoya(R) using Titan Wood's proprietary acetylation technology (the "Technology").

Under the Option Agreement, Titan Wood has granted an exclusive option to enter into a licence agreement, pursuant to which rights over the Technology may be granted in certain states within Europe. There can be no certainty that the parties will enter into any licence agreement and the detailed terms of any licence agreement, including payment of licence fees and royalties, are currently being negotiated, but yet to be agreed.

Paul Clegg, Accsys CEO, commented: "As outlined in our recent Interim Results, we have been engaged in a number of discussions in relation to major licensing, fundraising and other strategic opportunities for some while. This Option Agreement represents an important step forward and we are excited about the opportunities that it presents. We shall continue to work extremely closely with this counterparty and very much hope we can agree full licensing terms in the near future. "

Ends

[ginty14] 25/1/2011 16:52

Working in glass, I heard some very strong positive reviews on the product from those who have used and specified it, yet Accoya not really too well known yet from my own digging with the wooden frame manufacturers I deal with. Certainly premium end wood products is where things are still moving and good margins are maintained. PVC is savagely saturated as a market, and the snob value is definately back in high-end wood now. I'm quietly optimistic on this one, but still nervous. I've topped up a smallish holding on weakness last week. Lively day today is nice to see. Hope it maintains.

[goosegreen] 25/1/2011 15:09

RNS today
Is this a new dawn - or just another false start?
I'm well down but holding in hope of a seemingly good product becoming comercial - at last!!

Jon

[asmodeus] 25/1/2011 08:46

Up 9.4% (it says here) this morning (08.45) on news. Edit: now up "12.5%" (09.03) And finally, "up 18.8%" (at 0.38 mid)

[asmodeus] 21/1/2011 17:00

Just typical Accsys. Any rise is always followed by a fall. One day, I'll be so convinced of this that I'll have the courage to buy on all he falls and sell on all the rises and try and get back some of my losses! But, knowing my luck, it would just be one long fall.... or, of course, it could carry on rising...........

[asmodeus] 21/1/2011 11:24

Yes - someone just bought 50,000

[dylanl] 21/1/2011 11:10

Anyone looking to get in at these levels?