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
  0.40 0.43% 93.80 92.60 95.00 95.00 92.60 93.20 68,988 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 64.8 -6.6 -4.3 - 111

Accsys Technologies Share Discussion Threads

Showing 1551 to 1572 of 1750 messages
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DateSubjectAuthorDiscuss
01/10/2014
06:52
Encouraging news, but why slip it out at 4:56 PM?
caradog
01/10/2014
06:22
More good news! Trading update Sales of Accoya(R) in the first half of the financial year have continued to be strong, with Accoya(R) revenue increasing by approximately 38% compared to the same period last year. Demand also continues to be strong with forward orders now in place for the remainder of the year. The continued growth and strong demand follows on from our successful fourth Worldwide Accoya(R) wood sales conference in September, which involved 130 participants, being an increase from 90 last year
this_is_me
19/9/2014
16:51
I should have gone to the company's own announcement rather than relying on third party media. Accsys say: "In July the Company reported that the Tribunal delivered a ruling (the ‘Ruling’) that, in response to Diamond Wood’s claim for damages in excess of €100 million, Diamond Wood can only claim for limited damages, if any, up to a maximum of €250,000. However, the Tribunal also ruled that the licence agreement between the two parties is to continue. The Tribunal has now issued a final award in respect of costs relating to the Ruling which are payable to Diamond Wood, being approximately £1.6m. Accsys has also incurred approximately £0.6m of legal costs in the current financial year in respect of the Arbitration." So, the final bill for this episode is £2.2m in costs for both parties, payable by Accsys, plus 250,000 euros damages to Diamond Wood - who keep the licence agreement. It sounds as though Accsys were badly advised on this misjudgment. But then, it is always risky doing business with the Chinese in China.
molybdenum
19/9/2014
15:19
Just topped up a few at 65p on the fall. Only wish I'd seen the advice a bit earlier.
timberwolf
19/9/2014
14:51
I make that cash payment of 2.2 million the equivalent of 2.5 pence per share. Dreadful decision to terminate the contract, but the 7p drop in share price seems exaggerated.
caradog
19/9/2014
12:39
"Accsys Technologies PLC said Friday that a court has ruled it will pay GBP1.6 million to Diamond Wood China Ltd in damages, and a further GBP600,000 in legal costs. Last year, the chemical technology group terminated its license with Diamond Wood, alleging that the company had failed to comply with contractual obligations. Diamond Wood subsequently served a notice of arbitration challenging Accsys and sought damages of over EUR140 million. In July the arbitration tribunal ruled that Diamond Wood can only claim for limited damages, up to a maximum of EUR250,000. Additionally, it ruled that the licence agreement between the two parties is to continue. As a result Diamond Wood retains the responsibility for all Accoya Wood promotion marketing and selling to all customers within the licensed territories in the Far East. Accsys stressed that after paying the award, its financial position will continue to be strong, and it remains confident of achieving a cash-flow positive position in the foreseeable future, as its sales continue to grow." I'm not sure nwhether this means they actually pay £600,000 costs plus only 250,000 euros damages (as capped by the tribunal), or the costs plus £1.6m as awarded by the court. Either way the drop this afternoon represents a buying opportunity if you like Accys.
molybdenum
13/9/2014
08:25
I can't help wondering whether the AIM and Euronext listings are the prelude to a cash call, even though Accsys say they have enough cash, so I won't be increasing my small stake. Unless immediately after such a call. I also think that as and when the company looks like being really successful, a bigger company (Solvay?) will buy it out.
molybdenum
12/9/2014
15:01
Well I am out now completely and switched to funds completely as am away sailing too much to watch the markets after effectively retiring. As a foot note, switched into some funds 6 months ago which are up on average 5.6%, the shares I was in were down 10%, mainly due to tesco, barc and Accsys. Were saved by BT shares which had more than doubled since buying them in, if it wasn't for BT would be crying in my soup. When I was an active trader I used to make profits but you have to really watch carefully and I wasn't dumping early enough when the writing was on the wall. now will let some city boys watch screens all day and take a percentage from my money while hopefully beating the indexes enough to pay the charges and some....some chance..anyway, at least now I can blame someone else. Spudders, you know where I am, drop in sometime for a trout. Good luck accoya holders... Peter
brightontrader
12/9/2014
10:17
Current share price after the changes is showing at £0.7245 on AIM. Bid @ £0.7200, Offer @ £0.7650.
timberwolf
11/9/2014
19:10
Please note the below from today's AGM regarding the 5:1 share consolidation and also change in currency of the AXS quote on the AIM market from Euros to Sterling: Further to the passing of Resolution 8 (share consolidation), the entire issued share capital of the Company shall be consolidated on a 5:1 basis from 443,734,861 ordinary shares of EUR0.01 each into 88,746,972 ordinary shares of EUR0.05 eachwith effect (pending admission of the shares to AIM and Euronext Amsterdam) from Friday 12 September 2014. As noted in Accsys' AGM Notice of 19 August 2014, the currency of the Company's quote on the 'AIM' market of the London Stock Exchange will now be changed from Euro to Sterling, with effect from 12 September 2014. The denomination of the entire issued share capital of the Company will continue to be in Euro, as will the currency of the quote on Euronext Amsterdam. The currency change on AIM reflects investment community sentiment and is being effected in line with external advice. It is anticipated that the change will make the Company's share capital increasingly accessible to investors and will generally promote the success of the Company.
timberwolf
11/9/2014
07:20
I quite liked holding these, reminded me of going to Italy in the past and having tons of Lire. ....still stops them becoming penny shares I suppose. Pity they are in euros.
brightontrader
09/9/2014
18:28
Just been advised that Accsys Technologies has announced a 1-for-5 Consolidation, whereby Holders will be issued with 1 new Share in exchange for every 5 Shares held. The record date is 11th September 2014.
timberwolf
18/8/2014
12:52
Accsys Technologies has launched the Accoya Academy - an online learning resource at: www.accoya-academy.com
timberwolf
14/8/2014
16:23
E1.4m cumulative costs in respect of the Diamond Wood dispute up to end-June. Subsequent accrual of costs in respect of arbitration hearing, possible appeal and finalisation of the damages award. Possible award of Diamond Wood legal costs against AXS. Possible E250k damages award against AXS. It's a good job they have lots of cash.
effortless cool
14/8/2014
14:48
You haven't read the announcement properly. The cap you mention is for damages. The tribunal is yet to make an award on costs. PS - you're not Jerry Clegg are you?
gwr7
14/8/2014
12:05
To balance that, their maximum exposure is 250,000 Euro. Additionally, if Diamond Wood now fail to honour their side of the bargain going forward, there's no doubt who will win the next case. Trying to be optimistic, would (no pun intended) Diamond Wood have bothered to fight at all if they really didn't want the license? The only reason for having it and not going into production would be to keep it off the market for reasons of competition. Is anyone saying this is what they are up to? The story continues .... PS - calling PC a tool adds nothing to the debate, IMHO.
ukjerry
14/8/2014
11:22
Not looking forward to the announcement on legal costs which will presumably go in favour of Diamond Wood. Their damages claim was obviously dismissed as absurd but when all's said and done they won, contrary to Clegg's confident belief they wouldn't keep the licence agreement. Looking like a tool seems to run in the family.
gwr7
13/8/2014
06:49
Impressive progress continues.
this_is_me
08/8/2014
08:57
I *really* don't like the idea of AXS investing in licensees' manufacturing operations. It hints to me that management haven't grasped that their core business is an IP business, not a manufacturing one. The model that AXS should constantly have in view is the ARM model. ARM licenses its low-power RISC microprocessor designs to others and takes a few cents from each processor sold. ARM has zero manufacturing costs. It has two main operations: R&D and accounting. ARM's growth has been sensational, as we all know. It hasn't needed cash from investors for donkeys years. Shouldn't AXS be following the same sort of model?
ukjerry
08/8/2014
08:18
I should add , still holding but gone into the red somewhat recently here.....just hoping that it will pick up. Am looking at new business making timber sash windows to order using a new technique, not sure I can afford to use accoya even with benefits as it just adds too much to the price model that I cannot sell through to get back on the bottom line........its a hard sell given there are still victorian pine sash windows still out there and painted, still are OK, not that many but selling the idea of lasting 50-60 years to someone who is only going to live there for 5 years is tricky.
brightontrader
08/8/2014
08:14
The management won't sell because they would lose their jobs, then what for them, what would they do, this way they can keep plugging this technology and gradually burning the cash until its all gone.......
brightontrader
06/8/2014
09:46
Market seems to like the agreement with Solvay. Looking at point 2. Solvay will engage Accsys to carry out targeted marketing activities to develop the Accoya(R) market outside of Europe; I take that to mean that AXS will be paid for such marketing, which is a plus. Looking at point 3: Solvay has granted Accsys the option to invest up to a substantial minority share in both the European project and in any future Accoya(R) production projects I would like a definition of "substantial" maybe 25%? but why not give a figure? It does flag up the need for more cash, so maybe a placing, unless they can borrow their share. Personally I am hoping Solvay will just buy them. :)
stevie blunder
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