Accsys Technologies Share Discussion Threads

[riskonricky] 03/5/2023 07:48

They desperately need to improve their reporting. It's such a mess. Progress declared in cubic meters of wood? Come on. Do Mcdonalds declare revenues in m3 of burgers? EBITDA 'ahead of expectations' but no citation of what expectations were. The whole thing screams they are either inept or trying to hide something. Either way it's not great for confidence.I absolutely love the product btw, which is why I routinely check in here.

[mr macgregor] 03/5/2023 07:35

Delays in USA, still kicking the can down the road with the doomed Hull tricoya plant. It's a dog with fleas.

[this_is_me] 03/5/2023 07:31

Product sales and profit ahead of expectations, debt down.

[this_is_me] 26/1/2023 08:47

Yes, it looks like positive information has leaked out. Demand exceeds production, production is increasing and selling prices have been increased.

[this_is_me] 26/1/2023 08:41

Mr MacGregor26 Jan '23 - 08:00 - 1738 of 1738 (Filtered)

[mr macgregor] 26/1/2023 08:00

"will consider all relevant commercial factors in deciding whether or not to proceed with the Hull plant"

In other words it's going to the white elephant's graveyard.

[spudders] 26/1/2023 07:32

TU today explains rise, let’s see what Mr Market makes of it ???

[this_is_me] 24/1/2023 12:43

Huge rise this year.

[this_is_me] 18/1/2023 11:44

It looks like the share price is on the up.

[this_is_me] 22/11/2022 14:01

Mr MacGregor22 Nov '22 - 13:00 - 1730 of 1730 (Filtered)

[this_is_me] 22/11/2022 07:30

So the increasing cash flow from Arnhem as R4 ramps up along with the completion of the major cap exp of the new reactor will be used for the Hull plant along with profits from the Welsh plant.

[this_is_me] 10/11/2022 08:29

Yes, that looks to be correct. (RNS was 2/11/22)

[brad_k] 09/11/2022 18:28

T_i_m, is this not just the Accsys payment for the INEOS share of the Tricoya consortium?
If so we should see a corresponding RNS from Medite for the remaining 4.1 million shares allocated for the restructure.
{see RNS 01/11/2022 "Tricoya consortium restructure"}

[this_is_me] 09/11/2022 14:30

There is no excuse for that post.

Mr MacGregor9 Nov '22 - 10:31 - 1724 of 1724 (Filtered)

[this_is_me] 09/11/2022 07:50

INEOS have got 7,500,000 shares from somewhere taking advantage of the ridiculous fall in the share price.

Having sold 3/4 of my shares at the end of March last year it will soon be the time to buy them back again.

[mr macgregor] 03/11/2022 10:11

Just been having a look at the impending writedown of the Tricoya plant.

As far as I can tell (the company doesn’t make it obvious), AXS had a 76.5% interest in TTL which had a 62% interest in the Hull Tricoya plant. So AXS had a 47.4% interest.

They’ve taken on the remaining 52.6% by issuing shares worth €9.8m

This transaction values the plant at €18.6m

The plant is currently on AXS books at €93.6m

The expected writedown is €75m

The company will claim this is non-cash, but it is cash related as investors have been tapped four times since 2017 at €0.69, €1.05, €1.65 and €1.45 and a large amount of the cash raised from them has been poured down the Tricoya drain.

Look what they said during the latest raise in May 2022:

“Plant physical construction is now largely complete and being actively commissioned with commercial operations targeted to commence in July/August 2022”

Ever feel like you’ve been ripped off?

[this_is_me] 02/11/2022 07:24

It looks like the company is cash flow positive and will continue to have good cash flow despite current energy and ethanoic anhydride prices.

This underpins future investment in the Hull plant as the cash pile increases where "the validation work undertaken has demonstrated that the opportunity to produce Tricoya(R) at attractive margins in the future remains strong."