Accsys Technologies Share Discussion Threads

[mr macgregor] 02/11/2022 07:14

As I've been saying for a while this company hasn't got a clue. The Tricoya plant is a write off but they're not admitting it.

[mr macgregor] 12/9/2022 08:28

You've lost the plot if you think the Hull plant will be a long term winner. They can't get the build finished for starters. The talk about gas prices is there to prepare you for it being written off.

[this_is_me] 12/9/2022 07:32

It looks like Arnhem is back on track towards full production and the ability to sell all that they produce at an excellent profit margin.

It looks like they are in no hurry to get the Hull plant going flat out at current gas prices (and potential gas supply problems?) Gas prices will not stay this high for ever and the Hull plant still looks like a long tern winner.

The USA plant could be a big long term winner with no gas supply problems there.

[mr macgregor] 06/9/2022 18:13

This company is way too capital intensive for me in the current economic climate. The speed they move means you'd need to live to 200 to see it all come together. I thought management would improve when they got rid of Clegg but I'm not seeing the fruits of their labours.

[bloomberg2] 30/8/2022 13:07

Stock trading higher!! So plan E looks like a Plan

[bloomberg2] 30/8/2022 13:05

Contractors and site will be cleared by Friday!! Tricoya will have a few of there personal on site .. Plan E still being discussed with partner inoes

[jojaken] 13/8/2022 14:55

If work at Hull has now been suspended the company must surely be obliged to put out a RNS explaining what has happened given that it was only a few months ago the fund raising was made on the premise "Plant physical construction is now largely complete and being actively commissioned with commercial operations targeted to commence in July/August 2022" and "The proceeds of the Issue are intended to be used to . . . address the funding shortfall for the previously announced Hull additional costs."

That was followed on June 30 with the statement, "The physical constructions of both the world's first Tricoya plant in Hull and our Accoya plant expansion in Arnhem are largely complete, and whilst some near-term issues have been identified which are being addressed, commissioning of both facilities is in progress with both expected to be operational in the coming months."

If work has been suspended at Hull, production will not meet targets and the market needs to be clarified otherwise a false market will be created.

[bloomberg2] 05/8/2022 16:17

Down Skeleton workforce at Hull now... project run out of money !!looks like ineos will buy Hull site if accsys can't get funding to Finnish the project?

[mjneish] 04/8/2022 11:57

I discovered this company only yesterday. They look promising, but are the shares good value? Their market cap. is £203.5 million, so the price-to-book ratio is fair at 1.4.

But operating cash inflow was just £21.3 million last year (converted to £) which seems very low compared to the market cap.

There seems to be a lot of expectation built into the price, which means a disproportionate reaction if there's a glitch.

Well this is only from a quick look, so I'd be pleased if someone could disagree.

[reval] 02/8/2022 20:16

—- and since then, beginning of July and placing price announced at £1.23, the share price has done what Accoya timber has to go through, “ tanked “ !! for its treatment.

Incidentally, did the Directors and others take up the placing price of the shares at £1.23 when announced in June time and when the price was about £1.45 ??

Watch this space ??

[bloomberg2] 15/7/2022 14:27

Hearing investors looked happy at walk round at Hull this morning

[bloomberg2] 15/7/2022 09:59

New investors walk around at Hull today !!

[bloomberg2] 06/7/2022 18:52

Tricoya commissioning team at Hull getting busy now! Numbers increasing too

[petewy] 04/7/2022 13:05

I stand corrected or is the sliced bread very expensive

[galoot] 04/7/2022 11:06

I have bought their products. To me and other builders I know, "it is the best thing since sliced bread"

[petewy] 03/7/2022 13:45

their products appear to be a luxury which people can't afford. Stops me buying

[jadeticl3] 02/7/2022 19:31

This appeared to be such a good investment for a time. The shares jumped ahead Then all sorts of things appeared to be out of control, and now look where we are. I am not losing overall yet, but if this continues I soon could be!

[mr macgregor] 02/7/2022 17:51

We could tell it was a nightmare.

[bloomberg2] 02/7/2022 09:10

Problem is! Commissioning team for Accsys are all self employed!! They are earning a fortune and have no incentive to sign off work packs in a hurry ? It's been over 4 years in construction! The first contractor Fabricom decided to abandoned the contract because of huge losses due to there design and management failures!! Accsys have now put a new guy in to get the project over the line!! It's going to be at least next February until Accsys will have any idea on giving guarantees on a completion date? Hopefully il be still here to inform the BB on any material changes to the finish line !

[mr macgregor] 01/7/2022 21:03

What are the 'new' construction challenges? Or do you just know about pipes?

[bloomberg2] 30/6/2022 09:42

I'm a pipe fitter on the project!! Project is now being commissioned

[mr macgregor] 30/6/2022 08:21

"In June, construction challenges and rework of certain areas were identified resulting in a further delay to the target commercial operational date. Whilst uncertainty remains, we are targeting completion in the coming months."

What did I tell you? Something stinks at Accys, not just the acetic acid.

[mr macgregor] 26/5/2022 11:37

Morons buying above placing price. More wriggling in that trading statement than in a tub of maggots. Another slippage at Hull and I still smell a rat there. Profit warning ahoy.

[petewy] 25/4/2022 17:18

Well said earwacks. Uncertainty stooped many of us buying

[earwacks] 25/4/2022 15:59

About time they came clean with the market on The Accoya situation. Is it full steam ahead or are they unable to meet demand? I notice a manufacturer has now said they are having to make doors and windows from other timber as their supply has dried up. Others are complaining of a lack of availability. The fall back seems to suggest their are hiccups in the supply. Great product, need to get their act together.