Topped up a little as the volume and revenue does appear to be at a turning point. AXS is very quiet concerning DW. Would love to seee the original contract to establish if there were any timescales and what the break clause (if any) terms were. China is a huge market so a bit surprised we have had no update. I remember AXS had asked their Lawyers to review the Arbitration award but it can only be challeged if a material fact or mistake has been made and I susppect the Arbtrator took some legal advise. I concur that AXS may well sell out next year as they move into being purely a revenue company based on Licenses and others manufacture, advertise and sell the product. If so we could see a healthy jump in SP value . The current figures are pushing the SP back up and the next stage should provide us with a good profit.
Not sure you were wrong as such...it would have been useful to get an understanding of the impact on cash position of the diamond wood fiasco. Still that aside you can't argue with the numbers...dare I say it but maybe just maybe the worm has finally (and I mean finally...it's taken a while) turned here. The volumes are starting to look like they have significant momentum. My belief is that Accsys will be bought over at some point now they have proven the tech and now the market for their product...just a hunch really but that's my ultimate end game.
I was wrong
20% SP increase since I made my cynical posting on the day of the last RNS just 10 working days ago. Thank goodnes I didn't sell in my misguided frustration! GLA. Alfacomp - well observed and commented. We are on a roll, but DYOR.
AXS on the move now.
Over the last 10 days almost every single trade has been at a higher price - there has been virtually no selling. However there is still at least 25% to go before reaching last years highs of 95+ so it looks like there is still plenty of upside potential to take advantage of the 42% increase in revenue reported in the last RNS. As usual DYOR.
12 Feb '15
It seems like the addition of graphene into the mix should make an interesting premium high technology wood? "We were pleased to announce the appointment of Sean Christie and Sue Farr as Non-Executive Directors in November, adding strength and diversity to the current Board of Directors. The fact that we have been able to attract individuals of Sue and Sean's calibre to the Company speaks volumes about what Accsys has achieved recently and the potential of our business. Sean Christie is the former Group Finance Director of Croda International plc, a global manufacturer of speciality chemicals. He is also a Non-Executive Director of Applied Graphene Materials plc."
12 Feb '15
RNS = growing profitable demand
· Continuing growth in demand with Accoya® wood revenue increasing by 42% to €28.7m for the nine months ended December 2014 (2013: €20.2m); 5% price increase successfully implemented during the quarter will become fully effective for the final quarter of the financial year; · Strong balance sheet maintained with cash balance of €9.0m at 31 December 2014 (30 September 2014: €13.5m) and net cash of €7.1m (30 September 2014: €12.0m); 48% improvement in underlying cash-flow compared to same quarter last year; . Improved sales and profitability gives us confidence that the Company will be cash-flow positive during the final quarter of the current financial year; · Record production delivered in January 2015 resulting from on-going plant optimisation; indicates Arnhem production capacity in excess of 40,000 cubic meters per annum (+12% from last stated capacity) This last statement suggests they are already exceeding the previously stated capacity (35,000 cubic meters) at Arnhem. Dose anyone know if this is true? or do they have plans for more shifts and /or extra production lines to achieve the stated capacity?
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