Nice to see the TTL joint partner named...none other than BP. Also a tasty £35m value and a small stake taken by BPV this is excellent news. Can't see BP hanging around and it's heartening to see that a site for the plant has already been identified. We might finally see some concrete progress here now and with the TTL valuation underpinning the SP I'm hopeful that these might still come out of the bottom drawer at some point!!
Regretfully I'm out of it, sold last Friday. It's not what I wanted: perhaps like many investors here there is a 'save the world' aspect to this share that you really want to support (while making some money of course!) I was prepared to vacate the bottom drawer for it.
BUT.... concerns have been growing. I'm no financial whizz, I'm pretty new to investing in individual companies, but this lot concern me.
I came in just in time to take a loss through the Diamond Wood problem. Is… Read More
1 December 2015 2:16am City A.M. ACCSYS TECHNOLOGIES Following on from the positive news last week of an agreement with Belgian firm Solvay, the chemical technologies group announced strong interim results. Analysts at Numis reiterated their “buy” rating, and set a target price to 117p. They said “Accsys is well place to develop the market for its unique products and therefore crystallise substantial value for shareholders”.
Indeed...good progress but really really slow...2017 until the new capacity kicks in and 2018 until the tricoya plant is operating. Still at least the concept has finally been proven and the Arnhem plant is providing a significant ROCE / positive cash flow so all moving in the right direction. Not sure this share will ever make any significant ground though in the near term so I'm tempted to chase rainbows elsewhere with the cash I have locked in here but I think I'll stick it back into the… Read More
Date: 30-11-2015 10:36 Wood acetylation specialist Accsys Technologies (AXS:AIM) is 1% higher at 69.1p after the £61.4 million cap posts a 21% increase in revenue with an underlying operating profit of €1.3 million; the group’s first positive EBITDA since restructuring in 2010.
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