Accsys Technologies Share Discussion Threads

[asparks] 01/3/2007 10:50

Accoya wood currently at Trade exhibition which finishes today. May result in more interest:

[asparks] 01/3/2007 10:44

BSW Timber's Accoya will be showcased at EcoBuild 2007 following seal of approval from BRE with 60-year life expectancy

BSW Timber's Accoya, which will be promoted by Westgate Joinery on stand E221 at Ecobuild 2007, has been backed by the British Research Establishment (BRE) with a 60-year life expectancy.

Accoya, a modified, environmentally-friendly wood offering outstanding levels of performance, stability and durability, has already attracted strong interest from the industry.

Following extensive testing, BRE has concluded that 'Accoya would meet a 60-year service life requirement.'

The results coincide with the Accoya factory in Arnheim, the Netherlands, entering the final stages of commissioning.

Delegates at EcoBuild 2007 can learn first-hand about Accoya's performance attributes that are equivalent to or better than the best tropical hardwoods and superior to many artificial material alternatives.

Accoya is produced using a patented process that adapts sustainably grown softwoods by increasing the amount of acetyl molecules present in the wood. Pine wood has 2 per cent acetyl molecules, oak has 4 per cent and Accoya has 20 per cent.




Wood acetylation protects wood from rot by making it inedible to most micro-organisms and insects, without making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that when painted it requires dramatically reduced maintenance.

Since acetyl molecules are already present in all wood species, the process does not introduce anything that does not occur naturally in wood and Accoya is therefore completely non-toxic.

Comments from Westgate Joinery's Managing Director, David Pattenden and BSW's head of development John Alexander suggest that:-

"The high performance of Accoya allows greater flexibility in design because Accoya is not subject to the same standard practice which limits common, less stable timbers.

"Accoya is equally well suited to production of doors, windows and conservatories where the some major benefits can be realised."

"The aesthetic options for cladding have now changed dramatically. Greater flexibility is available. Translucent stains which maintain the rich wood appearance of the wood have often been discounted due to frequent maintenance intervals of around three to four years. Accoya's low movement and UV resistance reduces this interval to 10 years, which is an entirely different proposition for the client."





"There are no issues of non-durable sapwood. This allows the timber to be guaranteed for 50 years against rot by the producer. With respect to assurance, this guarantee is also in line with Building Research Establishment's product review.

"Accoya will raise standards of reliability and performance for timber windows, doors and cladding to new levels.

"It is a high performance wood product, which has excellent environmental credentials and is more sustainable than other materials used in non-timber windows and doors.

"Testing of Accoya for machining properties, gluing and coatings has now been completed. The most severe test involved a three-week in a water tank;

"After the period, the window opened with ease and no paint joints had been broken – even at the corners.
We now have confidence in offering a product that has new levels of warranty against decay and a new warranty for quality coating finishes, and does not require any further preservative treatment in manufacture."

[asparks] 01/3/2007 10:38

and another:

[asparks] 01/3/2007 10:38

Interesting article on Accoya:

[asparks] 01/3/2007 10:30

AXS seems to be one of the most undiscovered growth companies around.

Are any AXS investors in any other timber tech companies?

[asparks] 01/3/2007 09:58

nice chart:

[fryern] 28/2/2007 17:26

Dull markets won't stop this baby

Nothing will stop it...........

Just needs more plants

[fryern] 19/2/2007 09:13

Just need to annouce some more plants

No point in having one.........

[sitiain] 19/2/2007 08:35

seems some buying pressure here again folks.

[asparks] 14/2/2007 08:41

I like this bit from the recent RNS
"Pratt added the company was in discussions with the government of Chile over
a "substantial" bridge-building program."
If we get news of these conracts, I can see this breaking 2.5 easily

[m.t.glass] 13/2/2007 00:16

GI - I'm having an excellent year so far, up 57.5% in 30 trading days. But am cautious on this one ;o)

[greek islander] 12/2/2007 23:54

M.T.

Just came across you here as well. You must really be having a good year!
This company was recommended to me as a buy eight months ago. Was I wrong not to take notice!

[m.t.glass] 09/2/2007 09:19

Enter the company name in the searchbox at

Should produce a list of funds with holdings. Click on each fund to see if holding is among top ten biggest.

[damanko] 08/2/2007 19:26

MIATA, you're a star, thanks. Been working 14 hours straight here in Libya, off to bed, will try as you suggest tomorrow, thanks again. It has gone from one Euro on flotation in late 2005 to 2.25 today, there seems to be no stopping it. Check out this thread and you'll see several useful links, to be honest it is difficult to see a downside at the moment. Certainly that seems to be the market view.
Regards
damanko

[m.t.glass] 07/2/2007 23:01

Westgate Joinery will be at the Ecobuild Exhibition at Earls Court 2, London from 27 February 2007 to 1 March 2007. BSW Timber's Accoya, will be promoted by Westgate Joinery on stand E221

[roughjustice] 07/2/2007 18:45

Yep just call Selftrade, they will deal it for you.

[dunluce] 07/2/2007 16:08

asparks,

I bought mine over the phone with 'direct sharedeal ltd'

Roughjustice,

Would agree with your summary - the share price has certainly outperformed my expectations to date.
The company is making steady progress and the shares are attracting increasing attention in different quarters - not just PIs. From the last interim statement I am looking forward to further announcements re agreements/licences over the course of 07. If Accoya lives up to its potential then I have no doubt of the long term value in this stock.

[asparks] 07/2/2007 11:32

rough? when I've tried them a number of times and they are not listed as tradeable by phone or online

[roughjustice] 07/2/2007 11:31

I purchased my shares via Selftrade.

[asparks] 07/2/2007 10:59

roughjustice - thanks for this
what broker do you use to buy this. I've tried selftrade & igmarkets and neither do it

[roughjustice] 07/2/2007 10:56

Accoya, a new proven wood product which has had extensive worldwide testing and strong industry support shown by companies like BSW and Roggemann.

Valuing a company like this is a very difficult exercise, one made up of lots of number crunching, lots of assumptions and unmeasured risk.
Also there are a number of unanswered questions that busraker raised, but I think we can guess at based on broker projections and I am defintely confused by the figures mentioned by GWR7.

The Accsys website suggests a selling price of £700 per cubic metre which is considerable below what it regards as its competitor, hard woods at £1,500+ per cubic metre. The initial plant will produce an annual quantity of 30,000 cubic metres on behalf of its partners. That would suggest initial sales of Accoya of around £21m.

Presuming the plant hits full production in the first financial year, then the figures I have seen suggest Accsys turnover of around £11m. That figure seems a bit high to me, but there are suggestions of lifting initial capacity, or might be based on licensing deals (but I would presume it takes time to build a plants), or maybe forward paid orders.

Roggemann predicts initial demand of 10,000 cubic metres in the first year based on a market which represents around 5% of demand. This would suggest that initial demand around the world if partners could sign up would soon hit 200,000 cubic metres. That represents Accoya sales of £140m. This is achieveable within 2008 and might lead to profits of around £14m based on the projections I have seen.

Further more, Roggemann has suggested that this product has potential to trigger significant market share. At 10,000 cubic metres that market share is not even 1%. 1% world wide market share of wood represents £4.2bn worth of sales. Even if it only makes 5% of these sales that would represent profits of around £210m.

I am wary of these bold predictions ever coming true but is an example of how you could begin to justify the prices being paid for the share today. It is clear that it is not just dependent on production from the first plant.

However the share price is moving up on the achievements of the company, with a lot of blue sky thinking added.

* Akzo Nobel showing the product does not need to be repainted for 10 years.

* A partnership deal with BSW

* A partnership deal with Roggemann

* A licence agreement with Seaquest

* A successful fund raising and a high profile list of fund managers @ €1.48

* Close to completion on the production plant in Arnhem

* Two thirds of production pre sold

* The rest of production to be limited to premium customers.

* Further partnerships due to be announced.

Maybe the share is ahead of itself. After all I am sitting on a rise without selling the company selling a single product. However don't expect the price to fall and get in cheap.

[fryern] 06/2/2007 17:14

Better than OIL then.........



Accsys Technologies PLC (the "Company")

Notifiable Interest


The Company has received notification that Rajhi Holdings has acquired a
notifiable interest of 7,000,000 shares representing 5.02 % of the issued share
capital of the Company.


Rajhi Holdings is registered and domiciled in Bahrain, and owned by a prominent
Saudi Arabian family.
_________________

[roughjustice] 06/2/2007 11:54

This post went wrong, I will update later.