Accsys Technologies Share Discussion Threads

[ebomber] 19/3/2011 22:17

The notifiable institutional holdings declared in the last fortnight provides me with some confidence this remains on the radar of not just the private investor.

I hope the reverse in share price fortunes in the last week continues for this unloved stock that offers considerable potential.

[giovannina] 18/3/2011 14:54

page n 8. hope this helps.Jo.

[brightontrader] 18/3/2011 13:21

if its square metres how thick is it exactly, ie: how do you get £450 per square metre?

You cannot buy Accoya in any size, it comes in set sawn sizes, thats why when I calculated the jetty I had to use 150x75mm x 2 and bolt them together to get teh strength I needed to do the job structurally. You can buy engineered wood sheets in SM,like MDf or chipboard etc but that is in thickness, 18mm or 25mm more used for timber planking, so what was this price for?

When you buy timber you have to take into account how big the tree is it came from, Oak logs are huge compared to pine logs, errrh.

[giovannina] 18/3/2011 11:52

bt...you can buy wood in any way or form sq m or cubic....new UK building regulations mean that by 2016 new homes should be carbon neutral,so no need for forest to disappear.....Accsys has trebled their sales in the last three years....the shares look very cheap...keep well ;o)

[brightontrader] 18/3/2011 10:12

well I don't know where the Gio's price of £450 per SM comes from as we buy cubic metres not square ones but the price varies a lot depending on when and how much you buy. You also have to look at what sizes it comes in for the purpose you wish to use it for. Accoya comes in fairly small sizes, I think due to the pine tree that they started with and probably the process they put it through needs a certain maximum width to get the chemical penetration. (This is pure suppostition on my part.)

$100 bn, well thats pretty wishful thinking, I wish you luck on that one.

As far as using accoya myself, on the fencing I would have used it for the posts had I known about it when I did them but the contractor never mentioned it and used Oak, which was expensive but only slightly less than accoya, I would imagine if it was marketed for this purpose maybe he would have proposed it, then again I would have maybe baulked at teh extra cost as I don't know how long I am going to own this property, I am not a lord or baron who passes this down the generations.

I can tell you though that I had a jetty costed in Oak and accoya and I went for the oak at £11,330 against £13,500 accoya. with teh accoya we had to use 75x150s bolted together for the support posts whereas Oak we could get 150x150 single pieces, that added to costs having to use stainless steel bolts as going in at waterline. (Example of size problems)

As far as using it for shutters, explained earlier, too expensive still.

These processes have been around for a while, we use something not far off this for Paulownia or Phoenix tree, its very soft and wet so it gets treated and hardened, when finished off its harder and very light, like balsa, but cheap as no licensing required for process and process is cheaper.

I think this company is a "story" share, good marketing, deputy PMs brother running it gives it some credence, but ultimately they have to reduce the price, make the process cheaper to do or wait until the forests are all gone before they are successful.

[giovannina] 16/3/2011 18:09

Accsys estimates market opportunity is worth €100bn.I believe they will get there.This could easily go back to €1 by year end.Keep whatching,I keep buying. ;o)

[asmodeus] 16/3/2011 17:17

From brighton's post above: "....becuase no one wants to pay more that they think they are going to own the item for time wise".

I'm afraid it's going to be difficult to get volume sales, then, giovannina.

[giovannina] 16/3/2011 15:41

unfortunally Accoya is more expensive of hardwood £450 per sq m compare to £400 but in the longterm works out cheaper because not need for maintenace.....so it is a good investment for the long term.

[asmodeus] 16/3/2011 10:07

So how does Accoya compare in price to the above, brightontrader, and have you, or would you use it for your own fencing? You must be in a better position than all of us to know!

[brightontrader] 16/3/2011 09:19

Hardwood has a huge range of price depending on what you want to use it for. Poplar one use is for sofa frames as is strong and cheap but doesn't look very good for instance but can with care be used as a stained timber.

Basically the product is looking for a market. The market already is serviced in different areas by timbers that do the job for the price they are sold at.

I mentioned timber use in wet areas such as bridges, jetties, soffits etc. Its very good in these places as lasts longer than other timbers, in the case of soffits of course you can use uvpvc, which is cheap and lasts but looks like crxp.

What you need is a high volume use where it makes sense. On a personal non business level, I have post and rail fencing aorund my grounds, 2 miles of it, and I use sweet chestnut and more recently Oak for the posts. The ground is acidic and wet, (sandy) and the posts only last 10-15 years as rot at ground level. I repaired a very small portion recently costing me £6K, could only afford ot repair posts and with Oak supports screwed to existing rotten posts, plus a lot of chestnut rails. If I was putting new post and rail and this product was the right price I would use it, a lot of it......and I am only one consumer, albeit with a large fence.

I talked to my Chinese partners about this timber and they could only see benefit in exterior shutters technically but we already offer Western Red Cedar as a premium product and siberian Larch as cheaper option, we sell mainly Larch and have trouble selling cedar, simply becuase no one wants to pay more that they think they are going to own the item for time wise. In europe our competition use just pine, its doesn't last half the time larch does but they sell X times more than we do becuase its cheaper. Its hard to sell quality, needs selling.

[asmodeus] 09/3/2011 15:07

This is what I'm trying to ascertain, eBomber. The corollary of what you say is that if it can't undercut the price of hardwood etc., then I would think there is NOT a large market for it.

[irenekent] 09/3/2011 12:56

Presumably it should be selling for somewhere between the price of softwood & that of hardwood. Is this the case? If it can substantially undercut hardwood I would think there is a large market for it.

[ebomber] 03/3/2011 17:25

23,303,000 traded today. It is unfortunate most were sells.

[brightontrader] 03/3/2011 17:23

yes I have and it is expensive compared to alternatives, unless you plan on building something in water or very near it, like a bridge or small jetty and want it to last for 50 years, after that it becomes worth it.Trouble is most people do not invest for that period.

Every time we make something in a material that costs more but has some environmental benefit (FSC for instance) the customers do not want to pay for it.

[asmodeus] 03/3/2011 16:31

Still up to its old tricks, I see. Up 10% in the morning; down 11% in the afternoon!

[asmodeus] 03/3/2011 14:46

Has anybody yet discovered how the prices of Accoya products, including the "MDF" version, compare with existing products?

[brightontrader] 23/2/2011 10:04

Chinese manufacturers only go into mature markets or where demand exists already off their own bat. They will not go into this market area directly unless softwood turned into hard(er) wood becomes competitive with readily available supplies.

(I manufacture timber shutters in Dongguang, 2 x 40 containers a week presently and have been in the timber products manufacturing business in China since 2002.)

Presently the issues of cost in China are more labour related than material as material costs are global, they will not want to spend anymore than they have to on timber when other more pressing issues are at hand.

[pifedayo] 22/2/2011 15:46

I used to hold AXS shares but sold when the Chinese relationship looked to be fizzling out. Do not be surprised when the Chinese go into production on their own account.

[ebomber] 21/2/2011 14:13

RNS Number : 5807B

Accsys Technologies PLC

21 February 2011

This announcement is not for distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa.

AIM: AXS

NYSE Euronext Amsterdam: AXS

21 February 2011

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

The environmental science and technology company

announces

SUCCESSFUL OUTCOME OF FIRM PLACING AND PLACING AND OPEN OFFER

On 4 February 2011, Accsys announced the details of a proposed share issue to raise gross proceeds of EUR30 million (approximately EUR28 million net of expenses) by the issue of 200,000,000 New Ordinary Shares through a Firm Placing and Placing and Open Offer at the price of EUR0.15 per New Ordinary Share.

The Group's growth strategy is to continue to pursue licensing opportunities but also to focus on increasing the Company's own Accoya(R) sale and production capability in order to realise the potential benefits resulting from the expected increase in the demand for Accoya(R) .

Net proceeds of the Firm Placing and Placing and Open Offer will be used to meet the short-term working capital requirements and on-going operating costs of the Group and to meet the costs of construction relating to the expansion of the Arnhem plant.

As this additional capacity is utilised, it is expected that the Group will move to a position of sustained profitability without any contribution from licence income being required.

Commenting on the result of the Firm Placing and Placing and Open Offer, Paul Clegg, CEO of Accsys, said:

"The success of this fundraising endorses and validates our investment proposition. We will focus on ensuring that the expansion of the Arnhem plant goes to plan, revenues from increased sales of Accoya(R) are achieved and relationships with potential licensees of our technology are further cemented.

The money raised by the Firm Placing and Placing and Open Offer enables us to progress enthusiastically with our strategy of growing Accsys into a global market leader, with the aim of long-term profitability and shareholder returns."

Results of Firm Placing and Placing and Open Offer:

-- The Open Offer has now closed in accordance with its terms. Accsys is delighted to announce that it has received valid acceptances under the Open Offer in respect of 94.1 per cent. of the Open Offer Shares from Qualifying Shareholders.

-- All valid applications for additional New Shares under the Excess Application Facility were accepted.

-- Accordingly, the remaining 5,916,369 Open Offer Shares, representing 5.9% of the Open Offer Shares have been allocated to certain institutional shareholders and other investors with whom they had been conditionally placed by Numis Securities Limited and Matrix Corporate Capital LLP.

-- In addition to the 100,301,264 New Ordinary Shares to be issued under the Placing and Open Offer, a further 99,698,736 New Ordinary Shares will be issued through the Firm Placing.

The Firm Placing and Placing and Open Offer remain conditional upon the Placing Agreement becoming unconditional in all respects and not having been terminated in accordance with its terms prior to Admission, and Admission becoming effective by 9.00 a.m. (Central European Time) on 22 February 2011 (or such later time and/or date as the Company and Numis determine).

New Ordinary Shares in uncertificated form are expected to be credited to CREST accounts (in respect of Qualifying CREST shareholders) and to Euroclear accounts of Admitted Institutions (in respect of Qualifying Euronext Shareholders) by 09.00 a.m. (Central European Time) on 22(nd) February 2011. Definitive share certificates for the New Ordinary Shares in certificated form are expected to be dispatched within three days of Admission.

The issued share capital of Accsys following Admission (including the 2,500,000 Ordinary Shares to be issued to an Employee Benefit Trust, as set out in the prospectus) will be 403,102,528 Ordinary Shares in aggregate.

Definitions used in the Prospectus shall have the same meaning when used in this announcement unless stated otherwise.

This announcement should be read in conjunction with the full text of the Prospectus, copies of which can be obtained by contacting Accsys on [phone] or by email at [e-mail] and also from the registered office of Accsys and the offices of ABN AMRO Bank N.V. at Gustav Mahlerlaan 10, 1082 PP Amsterdam, The Netherlands. The Prospectus is also available on the Company's corporate website (www.accsysplc.com/investor_governance.asp) and through the website of Euronext Amsterdam (Dutch residents only) at no cost.

End

[ebomber] 14/2/2011 16:12

With close today for those shareholders able to exercise open rights under fundraising, we should start to see rise over the next week.

[brightontrader] 10/2/2011 17:15

Well hardwood is running out and the prices are going up constantly. We use Basswood and its gone up 17% since the new year. The trees are being cutdown youger and larger sections are getting scarce.

There is a plentiful supply of softwood and as newsprint becomes less relevant, the prices will drop further for softwoods. Eventually this product will make sense financially. Just it doesn't today unless you are making a structure in semi submerged, then it competes well with jarrow, greeheart etc.

[tbow112] 10/2/2011 14:01

Brightontrader,

What makes you think the share might be of any interest ?

Your posts give the impression that the company is simply stymied by an excessive cost of production.

[brightontrader] 10/2/2011 11:09

I own CustomWest Shutters and buy about £5M of timber myself a year, trust me, thats very small beer, my business is not even the biggest shutter company here in the UK.

Also, going from 40p to 20p thereabouts is an very odd 30% drop, more in tune with a 2:1 issue, ie:50% drop.

[tsk 1] 09/2/2011 17:07

The share price (following a 30% drop or thereabouts since the announcement) seems to have settled.

As for the comparative price of Accoya, to quote from the 2010 interims:

"Revenue from sales of Accoya® wood produced by our Arnhem plant increased by 81% to €6.5m in the first half of the year compared to the same six months in the previous year."

That's about £5.5m worth of sales, so I guess some people think the price of Accoya is not too bad.