Accsys Technologies Share Discussion Threads

[this_is_me] 23/8/2021 07:18

It looks like the mess has been sorted out and everything is back on track for a delayed start up.

[this_is_me] 07/6/2021 08:05

That looks like an excuse from the Belgium firm. Lockdown is coming to an end. That excuse is not going to stand up in court now; it might have a year ago. They have an address at Saltend Chemicals Park where the plant is being constructed which, I presume they are going to shut.

From RNS on 16th April:
"-- Based upon management experience, we believe that this schedule is at risk of being delayed by around three to six months due to COVID-19 related challenges, recent engineering changes, and the final stages of construction taking longer than anticipated. As a result, we believe that full operational ramp-up is now likely to commence in H2 FY22.

-- We are considering a full range of options to mitigate these risks to the schedule. We have engaged expert third party consultants to assess the lead contractor's schedule and options for optimisation and redeployment of staff. Changing the approach to commissioning and contractual options are also under consideration. Our goal is to commence production safely and swiftly; plant operator teams are in place to take over plant areas and systems as soon as they are ready."

It looks like there has been a major falling out and the third party consultants have given the Belgium firm a really bad report.

[zipstuck] 07/6/2021 07:30

Surely Force Majaure is not a surprise. But at least they had a rights issue.

We will update the market on any possible implications for the timeline and costs for the project as soon as possible, and will be releasing Accsys' preliminary results for the year ended 31 March 2021 later this month.

[this_is_me] 01/6/2021 18:47

I had my shares credited to my CREST account (Charles Stanley) on the 26th May and the excess money was credited to my account on 28th May.

[ryesloan] 01/6/2021 16:46

Nothing from AJBell on the additional shares I asked for yet either...I can wait though as not planning to sell here for some time yet. A clear runway to greater turnover and greater profit for the next couple of years already and that's before Petronas jump on board!!

[irenekent] 01/6/2021 10:48

I got my certificate but no details and no refund yet. Hopefully a cheque today.

[jadeticl3] 01/6/2021 10:25

Great news. But in the recent offer my dealer took the money from my account and it hasn’t come back, but neither have they told me how many shares I was able to buy. Is this normal at this stage??

[this_is_me] 01/6/2021 09:05

New 10 year high again.

[pottytastic] 09/5/2021 15:27

Yes. The price will be the same. But don't expect to receive all you apply for as it it just the shares that other current holders that have not taken up the offer that are distributed between people that want them. Good luck.

[jadeticl3] 09/5/2021 07:24

Yes, that’s fine. Thanks Potty! Just one more question. If I apply for more, are they also at £1.40?

[pottytastic] 08/5/2021 13:44

You can buy one share for every seventy you already own for the price of £1.40. The information should be available in the corporate actions section of your account.

You can also apply for more which you may or may not receive.

Hope I have understood your question and answered to your satisfaction.

[jadeticl3] 08/5/2021 11:34

Can anyone explain the recent plan to offer more shares to existing shareholders. I have AXS shares in my account with EQUINITI but what they tell me is not clear to me about what the offer is. Help please.

[zipstuck] 16/4/2021 09:24

Reduction in debt of £3.8m and all plants at full capacity before ramp up

[this_is_me] 16/4/2021 07:43

H2 up approximately 23% on H2 in prior year

Progress towards doubling Group production capacity in the next year:

Long term prospects seem to be getting even better although short term there are delays in the Hull plant due to covid etc.

[this_is_me] 16/3/2021 12:00

Yes, threatening another new high.

[stevieweebie2] 16/3/2021 09:21

Nicely does it, dunno why but its going in the right direction at least.

[this_is_me] 25/2/2021 08:26

Looking promising for another leg up.

[thewheeliedealer] 04/1/2021 23:45

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes AXS which I hold myself. We also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management.

Anyway, if you use Youtube, Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 39) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!

Happy New Lockdown !! WD
@wheeliedealer

[this_is_me] 04/1/2021 08:58

Another big rise this morning so far, on high early morning volume.

[this_is_me] 18/12/2020 11:10

Back on the up again.

[this_is_me] 07/12/2020 08:44

Stunning start to the week! The share price has gone from around 90p to 135p in a month.