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...and judging by this week's performance so far, it looks like the message is sinking in! I'm enjoying a 36% gain so far! Well done all patient holders!
Nice find! Very positive piece. If the mesage "the world wants to use our high performance wood and it is prepared to pay for it" is accepted, then this share should fly!
A positive article in the Business section of today's Sunday Telegraph: http://www.telegraph.co.uk/finance/yourbusiness/10731847/Deputy-Prime-Ministers-brother-changes-fortunes-of-a-struggling-firm.html
This will open @ 20+ tomorrow.
The news below (25/03/14) is encouraging! TRADA-approved product now available nationwide in the timber distributor marketplace. This should help to drive sales forward. "Accoya®LathamCLAD - the modified, highly durable and dimensionally stable certified timber cladding – is now available from all eight of James Latham’s timber depots. Created from sustainably sourced wood and completely non-toxic, Accoya®LathamCLAD is a revolution in wood technology. And with the 15mm profile having recently received TRADA approval for use as an external cladding product, Accoya®LathamCLAD is a perfect solution for exterior cladding, siding and façades where the wider board offers numerous features and benefits including enhanced aesthetics, less frequent maintenance, dimensional stability, durability and improved insulation values. Suitable for horizontal or vertical installation, Accoya®LathamCLAD can be used to create simple or complex designs. And with a choice of factory coating finishes, it can be opaque coated or, for those wishing to enjoy the natural look of wood, translucent coated. Plus, with a 50-year guarantee when used externally, Accoya®LathamCLAD’s low maintenance requirements add to its ‘whole life’ cost effectiveness and environmental credentials and this versatility makes it ideal for use in residential, commercial and industrial applications. Paul Leach, James Latham’s Group Product Sales & Development Manager for Accoya said, “When it comes to cladding, Accoya®LathamCLAD ticks all the boxes and is the perfect solution for many exterior applications which were once only feasible with non-sustainable material. Use of the wider cladding boards is allowed by the improved dimensional stability, plus cladding joints do not open, tolerances remain tight and twist is prevented. In addition, the wood’s natural appearance is retained for longer, thanks to the superior resistance to the effects of UV exposure.” He added, “Accoya®LathamCLAD is a fantastic material for external specification and fits perfectly with our already established range of sustainable products.” In addition to cladding, sidings and facades, Accoya® wood is also ideal for windows, doors and decking. ACCOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited, a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission. "
To break into fresh ground. All looking good.
With Eastman (Perennial Wood) now (thanks Stogmot) out of the way we also need to watch the development of other product technologies which do a similar job. Examples are: Thermowood (Thermally-treated wood) Belmadur (chemically impregnated and hardened wood from BASF) Kebony (impregnated with fufuryl alcohol) Wood plastic composites and of course the mainstream pressure-treated preserved wood you see in DIY outlets. Accsys need to find a price-point to gain appropriate market share and drive their production costs down. Unlike Eastman they are committed to this technology, not having the luxury of a diverse product portfolio to pick and choose from. Their business model is great, getting income from partners before they are in production and royalties thereafter. Long-term I could see them being bought out by a larger organisation who make the acetic anhydride used in the acetylation process e.g. Rhodia, BP, Diacel or Celanese. It is worth holding this share long-term in my view.
For the product in a period of slow to negative growth economies. Can only get better...
News & Tips: Costain, Ithaca, Accsys Technologies, Tullow Oil & more By Graeme Davies, 12 February 2014 Sustainable wood technology group Accsys Technologies (AXS) reports strong recent performance in a trading update today with revenues for the nine months to December up by 71 per cent to €23m with the total volume of its Accoya branded wood sold up by 89 per cent over the period. Buy. http://www.investorschronicle.co.uk/2014/02/12/shares/news-and-analysis/news-tips-costain-ithaca-accsys-technologies-tullow-oil-more-0HwtwNb7TLjvAye0wU4MBM/article.html
Accsys Technologies Revenues Soar On Strong Accoya Wood Demand Wed, 12th Feb 2014 08:58 LONDON (Alliance News) - Accsys Technologies PLC saw its shares rise strongly Wednesday after it reported a 71% increase in revenues for the nine months to end-December, driven by growth in demand for its Accoya wood, and said it expects the growth trend to continue. In a statement, the producer and licenser of Accoya and Tricoya wood said revenues rose to EUR23 million in the period, up from EUR13.4 million a year earlier, as Accoya revenues rose to EUR20.2 million, from EUR11.6 million. It said it sold 89% more Accoya than a year earlier. "This increasing demand for Accoya continues to be seen across all regions and is attributable to both old and new distributors," it said. "We continue to see the benefit from our significant investment in sales and marketing over the last few years, for example the targeting of architectural audiences. In this respect we are pleased that the new calendar year has started very positively and we expect the trend of revenue growth to continue," it added. Accoya is wood that has been enhanced to be more long lasting and stable. It is an acetylated wood used for things like external building cladding. The treatment claims to make softwood as durable as hard wood. Its cash balance at the end of December stood at EUR14.4 million, down EUR2.5 million from the end of September. It said it expects to end its financial year with a cash balance of about EUR13 million as outflows largely caused by shipment timing partially reverses over the next few months. Accsys Technologies shares were up 10.7% at 0.2325 pence early Wednesday, making it the third-biggest gainer on AIM. http://www.lse.co.uk/AllNews.asp?code=baayb3gc&headline=Accsys_Technologies_Revenues_Soar_On_Strong_Accoya_Wood_Demand
Trades around. On our way back to 1.2 ???
someone knew somthing for sure. Just glad my little ponies are off after loling around the 1.4 for rhe past two years.
Thanks for the useful information, I will need to look into Eastman again.
Great RNS and rise in SP but this must surely have leaked out ahead of publication as the SP rose strongly beforehand?
ahh cheers
price is in euro . as its on euro stock exchange excellent rns.
What is the SP here? I looked on IG and it shows 23p. Here on lse it shows 0.23p On my iweb broker it shows 0.23p but when I do a dummy buy i get quoted 19.48p
Heading for a re-rate. Bought some of these ages ago as I beleived they had a winner. Times coming good.
Fantastic progress.
Did not know there was another company with the same product,so was very interested in hearing this. Just done a bit of research and discovered that as of 31st of January Eastman have discontinued the Perennial brand !!, Stating difficulties "challenging economics of this product market ,is I take, as too expensive to make and low demand from a weak economy. These are the exact same hurdles accsys will have to overcome somehow ?. One good thing about it ,is now the american market could be opened up maybe.
..the market is beginning to recognise the value of Accsys' offering. Perhaps it took the flooding to bring it in to focus (sadly there are a lot of softwood decks underwater in the Thames Valley and Somerset at the moment!)? No one seems to mention competition and apart from alternative wood treatment technologies there is only one other acetylated wood manufacturer: the giant Eastman, in the US, with its Perennial wood product. I can see this effectively closing off the US market to Accsys but the rest of the world is an open market. All the more reason to get China sorted! From research I have done, I note that acetylated wood is priced at a considerable premium, typically above plastic composites. Based on a 16-foot board of decking: Premium pressure-treated decking $14.57. Trex plastic composite decking $44.97. Perennial Wood board (acetylated) $51.74. Ref http://cen.acs.org/articles/90/i32/Making-Wood-Last-Forever-Acetylation.html Eastman (and Accsys) need to get the production costs down to compete in volume markets. I imagine in the short term it will continue to be a material specified by architects for prestige projects, but when it takes off....this is definitely a hold!
The headly heights of 20 finally reached,strong constant buying pressure will it last. I thought it would retrace back from 18 to 15 , but was so quick on the bounce i missed it. No current news about ,but still a steady climb,whats afoot (about 12 inches). Would love to put some more in here myself ,but i know the moment i do that it will fall back .
Had a look at an article issued last December about the Litigation which did suggest that it could go on for a long time and cost a fair bundle in legal fees. It would appear AXS tried to help DW but after a few years got fed up with empty promises. The matter is going to Arbitration and hence should be a shorter route to court action and thus save legal fees with the arbitrator's decision being final . Any claim would have to relate to the contract awarded to DW and thus IMO it may not have been written clearly . AXS have said they took legal opinion prior to ending the contract with DW based on no plant being opened within set time periods. If they lost it would be expensive looking at DW's claim but these IMO are often OTT. I suspect that if the lawyers on both sides believe their client has a strong position, once legal documents are exchanged, then a deal will be done. However in order to get to that position fees will be expended. The article stated that the only winners will be the lawyers. This is often the case. However I still believe that their process is a game changer and longer term could produce fantastic revenues. Hopefully an RNS will bring clarity to this action because at some stage the SP should fly.
Completely tripping, you have already. God bless. Where Next?
Hey mon, how bist? I seem to bump into your followings quite a lot, where next my friend lead the way? lol. But as i do bump into you I feel we must be on a similar path? wondered if you could do a piece on wentworth (WRL) for me? I quite rate it but want to be pulled so i know im not just tripping. The 12s to 18s on here flew like a bird, where can you see axs getting to? ORE, I think will need more funding to fulfill but there will be gold eventually. ORE simulate a low end explorer like Tembo who Stratex have just shared into. Think stratex has legs this year. If you could highlight the ups and downs of wentworth though would be much obliged. Take care Fella, catch up soon