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for another investment. This one looks possible - products look good and seem to be well thought of. But do posters on this board think that AXS is competitive enough to make a serious profit (and hence raise the SP)? That's the one question holding me back from investing. Any views gratefully received.
understand why when a company suddenly begins to mover it does not feature on the risers board. Those who take the trouble to read the website will realise that their products are for this time. It may be expensive but quality costs and hard woods and especially oak are in trouble due to disease and scarcity. This technique can use pine... Quick growing and plentiful.. I am in this for next two years and then will see where we are.
Very encouraging set of results.As you say,spindok, should see ups1de from here.
About time too. Cheap as chips now atm.
Some good news. This company has the right products and at last they are getting things together. Onwards and hopefully upwards from now on..
Revenue increased by 47% to €9.1m for the six months ended 30 September 2012 (2011: €6.2m) and included €553,000 of licence revenue (2011: €75,000); • First stages of Process Design Package have been delivered to Rhodia following the signing of an Accoya® licence in June 2012 enabling the next stages of their engineering planning; • Entered into a 50:50 JV with INEOS Technologies in October 2012 to exploit Accsys’ intellectual property surrounding Tricoya® wood elements acetylation and processes globally; • Sales of Medite Tricoya® Extreme Durable MDF are increasing steadily since its launch by our joint development partner, Medite at the end of 2011; • Gross manufacturing margin increased by 24% to a positive 15% and the Arnhem manufacturing EBITDA margin improved from -36% to -6%; • Total of 36 distribution or agency agreements now in place covering most of Europe, Australia, Canada, Chile, China, India, Mexico, Morocco, New Zealand, parts of South-East Asia and the USA; • Accoya® and Tricoya® continued to gain overall market recognition, for example by winning the Supreme Award for Innovation at the annual Timber Expo in the UK; • Cash balance of €20.7m at 30 September 2012 (€24.6m at 31 March 2012), which excludes €4m received from INEOS after the period end following their subscription for 24 million new shares in Accsys; and • Decrease in the loss before tax by 14% to €5.4m (2011: €6.3m).
Why does this company just keep issuing more and more paper ???? Seems to be an endless and bottomless pit ! Probably a means by Management to keep PAYING THEMSELVES AND THE BANKS HEFTY BONUSES & FEES AT THE EXPENSE OF INVESTORS. The total no of shares floating in the market are just growing in the number. Compare the number of shares in the last year. I fully awed. Management seems to be stable now with Ex American CEO fired. No one talks about Anhydride plant. market has options and the price of acetylated wood is just very very high. I bet number of shares will continue to grow steadily and share price will go down. it for 4 euros to 2.5 euros and now 14 cents in just 4 years....hype of chemical technology. dont know if they will sustain in coming 2-3 years.
Accsys Technologies, which recently announced a 50:50 joint venture with NEOS Industries Holdings, has announced the completion of INEOS's subscription for 23.53m shares in Accsys at 0.17 euro per share. The two companies have formed a new joint venture company, Tricoya Technologies, which has been formed to develop and exploit Accsys' Tricoya technology for use within MDF, particle board and wood plastic composites. Paul Clegg, Accsys' Chief Executive Officer, said: "We are very pleased and encouraged to be able to welcome INEOS, a global petrochemical player and a global leader in the field of technology development and licensing, as a significant shareholder in Accsys. "This €4.0m investment, together with INEOS's commitment to the Tricoya Technologies Limited joint venture strengthens Accsys' position as the undisputed world leaders in wood modification technology and enhances our ability to deliver value from our technology platform."
seems to be dropping with the sells today ,to me this looks like a product with potential
Might get an RNS tomorrow regarding the shares issued to INEOS... "INEOS Industries Holdings Limited has subscribed for 23,529,412 new ordinary shares in Accsys, at a price of €0.17 per share. Admission of these shares onto the London Stock Exchange and Euronext Amsterdam markets is expected to take place no later than 19 October 2012 following receipt by Accsys of subscription monies totalling €4,000,000. http://www.accsysplc.com/wp-content/uploads/2012/10/20121008-Accsys-Ineos-JV.pdf
Wish it would hurry up and come!!!
Ahhhhhh....silly me..... *doh* .... still, Accoya/Triccoya are expensive products...... their time will come with the price of imported (into the EU) timber rising and legislation/disposal costs at end of life making it ever more difficult to use treated timber
Hi, these shares are priced in Euros - current price is 16 cents - about 12.9p at todays exchange rate. Agree with the current pricing of the products being high. On one of the teleconferences last year, a question was asked about the pricing model of Accoya for a new house build - the owner chose Oak as a cheeper option to Accoya. So plenty of choices before the product becomes a first option. Hopefuly production volume will reduce the costs to the consumer.
.... not aware of customers falling over themselves to buy triccoya/accoya products? Performance is one thing, cost is another. Construction industry is on its knees... no sign of sustained improvement. Price is King and QS's will pay homage to price every time. Don't hold your breath with this one IMO. And, anyone stopped to wonder why the SP is 0.16p: not even a penny share!
This is great news for AXS shareholders and greatly improves prospects by providing a much clearer route to profitability, IMHO. Paul Clegg, Accsys' Chief Executive Officer, commented:"2012 is proving to be a year of tremendous progress for Accsys and this joint venture has confirmed the advances that we have made in recent years. Forming this partnership with INEOS, a global petrochemical player and a global leader in the field of technology development and licensing, reinforces our ability to meet the expectations of our customers, partners and shareholders. We are confident that our combined resources will ensure that Tricoya® becomes the ubiquitous product that its performance mandates it should. The investment that INEOS has made, both into the joint venture and separately as a new shareholder into Accsys, strengthens our position as the undisputed world leaders in wood modification technology and enhances our ability to deliver value from our technology platform." Peter Williams, Chief Executive Officer of INEOS Technologies, commented: "We are delighted to have joined Accsys in this new field. The outstanding durability and stability of Tricoya® offers the building industry valuable new options for the application of high-performance, cost-competitive and more sustainable wood based materials. Our skills complement those of our partner, and together we will realise important synergies for the new company. We are looking forward to the joint venture accelerating the commercialisation of this new materials technology around the world."
Accsys Technologies PLC 08 October 2012 AIM: AXS NYSE Euronext Amsterdam: AXS 8 October 2012 ACCSYS TECHNOLOGIES PLC ("Accsys" or the "Company") ACCSYS COMPLETES TRICOYA(R) JOINT VENTURE WITH INEOS INEOS SUBSCRIBES FOR NEWLY ISSUED ACCSYS SHARES Further to the recently announced heads of terms, Accsys is pleased to announce that it has entered into a new 50:50 joint venture with INEOS to exploit Accsys' intellectual property surrounding its proprietary Tricoya(R) wood elements acetylation technology and processes, which is now expected to lead to the accelerated global deployment of Tricoya. The new company, Tricoya Technologies Limited ("TTL"), will develop and exploit Accsys' Tricoya technology for use within MDF, particle board and wood plastic composites in a worldwide panel products market estimated to be worth more than EUR60 billion annually. The Tricoya technology gives engineered wood products, such as MDF, a level of durability and dimensional stability that is comparable with or superior to non-wood products, while offering all of the advantages of wood - including a high strength to weight ratio and excellent mechanical and machining properties. Significantly, Tricoya(R) enables MDF wood to be competitive with non-wood materials, opening up markets in a huge number of new applications which have hitherto been the preserve of plastics, metals, resin and cement based products. INEOS is one of the world's biggest petrochemical companies. INEOS will contribute not only its significant market reach but also its impressive technology, licensing and intellectual property expertise. As part of the transaction, TTL has been granted rights to exploit Accsys' Tricoya(R) technology and will also benefit from a licence of any intellectual property held by INEOS that may assist the joint venture in maximising the value of the Tricoya(R) proposition. Profits generated by TTL are to be shared between Accsys and INEOS in a way that reflects each party's interest. The contribution of Accsys' Tricoya(R) intellectual property to the Joint Venture will be reflected through a disproportionate future profit share which will create significant value for Accsys. In addition to INEOS's joint investment programme with Accsys into the Tricoya business, INEOS Industries Holdings Limited has subscribed for 23,529,412 new ordinary shares in Accsys, at a price of EUR0.17 per share. Admission of these shares onto the London Stock Exchange and Euronext Amsterdam markets is expected to take place no later than 19 October 2012 following receipt by Accsys of subscription monies totalling EUR4,000,000. The new ordinary shares issued to Ineos will represent 5.4% of the issued share capital of Accsys. The Company has also executed a warrant instrument in favour of INEOS, allowing INEOS the opportunity to purchase up to a further 16,468,236 shares at a price of EUR0.21 per share at certain times du
....guess this SP can't go much lower!
There is lots of excitement about the new Tricoya product but just like the Accoya, it is priced high, but even so, comparable to upvc panels which may have a shorter life-span due to discolouration and have some other benefits like ease of fixing, resistance to cracking and creaking in heat, greater flexibility of finish. Just been quoted £110 per 18mm sheet on a volume of 10 to 20 sheets, and £46 per 6mm sheet from Latham. The acid test will be in years to come, hoping the product will last 50 plus years as claimed. I was dubious at first but now think the pricing for Tricoya could be more competitive than the Accoya. Still a little concerned because it is nearly 3 times the cost of marine plywood.
Agree. Can only be the state of the Eurozone. I'm waiting as they seem to have great product.
the rise is most welcome I can find no reason for it... They have excellent products and are mixing it with the right people but the sp has not reflected the last two RNS
Today at 4pm so news will only filter out tmmr. Excellent products and industry wide enthusiasm for them but are they making any money???