If the SP breaks 80p this week then I can see (I like dreaming) a push over the next 3 months towards £1. Anyone know what is happening to DW in regards to the Asian area or does AXS have to buy the contrcat in in order to find a new partner.
10 Apr '15
Looks like we will close on a new post sterling conversion high...gradual creep creep has taken us to 80p. Probably a month or so to full year results so hoping this uptrend continues before then. Will be interesting to see if we have finally got the DW fiasco out of the way in terms of the accounts and if we get a continuing picture of volume increase and associated margin benefits. Everything might finally be pointing in the right direction now...if so we could see a good re-rate to the SP but with AXS that's far from certain that's for sure!
1 Apr '15
I also like the sound of the proposed changes Rye and agree with your comment .Wll keep a weather eye out for the blue sky. Need it at the moment here in the chilly Peak District ! The SP has done well today. JJT
1 Apr '15
Good question Jolly and I suppose only AXS know the answer at this point tho. I would however hazard a guess that the 'chemical group' are potentially more interested and have deeper pockets for this type of JV than Ineos had (or wanted to have)....personally I like the sound of this and it fits nicely with my blue sky thinking that AXS will be bought out by a major player at some point..a large chemical group would be just the type of buyer that I envisaged ;/)
1 Apr '15
Tricoya project changes
From an RNS today AXS are changing their joint venture partner INEOS to "a large international chemical group" to "optimise our participation in the building and operation of the world's first Tricola chip acetylation plant" "including allowing Accsys to derive revenue from both licensing and manufacturing" . " Full agreements are expected to follow later in 2015 ". "Accsys has also agreed to acquire the 50% share in TTL currently owned by Ineos .....until a new ownership structure is established ". "TTL is also in discussion with other parties which are expected to lead to the creation of a new consortium,including the Chemical Group, to fund,build and then operate the New Plant" It looks an interesting development hopefully good to all. Understand at the mo it may be inappropriate to name the "large international chemical group ". However INEOS is far from a minnow chemical group who incidentally are taking an active interest in shale gas development in the region of their huge Grangemouth unit. Why the switch ? JJT
25 Mar '15
Jack, I've never actually seen accoya in the flesh, so to speak, but was commenting on the 3rd party/distributor marketing - it seems those guys 'get it' and will be able to communicate the benefits of accoya to the end users. So often with new products or technology the marketing message does not get transmitted well by distributors (generally quite conservative). I have no idea how the DW issue got so out of hand, but it seems that AXS have got beyond that now and the SP is recovering strongly.
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