The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good posts john. Particularly like brother of idiot politician! Now running that suer faceblock incidentally. Have followed this company since inception with great interest having been in the trade. Great products , just what the industry was desperate for. Troubles great products don’t always turn into great business. Scaling up and affordability are the two big problems. I can’t see either of these issues being solved near term and another find raise may be necessary which of course will hurt her lengthen the road to decent profitability. Another narrow escape for me. Although it is impossible to escape the turmoil completely. Just hoping to be in the less terminal ones! Gl all
It's a good question Mr Karate
Surely writing off the plant when all the heavy lifting has been done makes no sense? The independent reviews of the Tricoya product seem very good. If not profitable currently due to gas price surely it would be better to complete the plant as a low priority (as they are doing), continue to test it until satisfied then put it on a care and maintenance (to use a mining term) program until gas prices reduce which they surely will.
Initially writing off the investment there would not be good for the SP, but longer term I don't really feel I can speculate.
All this is my fault I'm afraid, I watched this share for ages attracted by the product but put off because it was run by the brother of the idiot politician Clegg. Then I decided for go for it, and the SP have been on a one way journey since! The damage has been caused by the wording in the RNS saying anything is possible. I still think that maybe full control of the Hull plant may prove to be a good idea, and the veiled threat of abandonment may be an attempt at brinksmanship with a recalcitrant workforce
So what do you think will happen to the share price if they write off Hull ? A slight recovery in share price perhaps ? Do you think they could recover some of the expenditure from sale of the site ? then they can continue to focussing efforts on the much in demand accoya. Alternatively if they get it to work there should also be a recovery. What’s your thoughts ?
I suppose if I were a glass full sort of chap (about the opposite of the truth as I reach for another handful of Prozac washed down with Aldi Gin) I could interpret 'continuing to examine and evaluate the full range of options available to it in relation to the Hull plant' as meaning the possibility of assuming full control of the project from a cash strapped partner. Whaddayathink?
You did indeed Spades. And as testpack has said the seed is sewn for abandoning of the Hull plant. Truly poor management
I said this was toxic in March . This share Might be worth a look at 50p . A really Sound product , but Really ReaLLY REALLY poor management at TUK.
'So is the Hull plant a total white elephant based on this update?'
We will revue options? Termination of the project must be an option. Def. 'Oh Dear!'
So is the Hull plant a total white elephant based on this update?
More trouble at mill, just as feared, glad I wasn’t tempted by the recent drop, we’re well below prior raises now though, and heading lower I guess !
This certainly looks worse and worse
Sorry I sold out and I haven't looked at these for a while... Ive heard there is a large turnover of personnel / toxic project atmosphere and unrealistic delivery expectations. In my opinion Its unlikely this will get delivered without a placing and a minimum six month delay.
Such a shame as this world beating product is a game changer . Ill continue to watch the project and price from the safety of the sidelines, and when the price reflects the obvious liabilities ill get back in . DYOR GLA
Spades. Any more news on Triccoya plant. Can only see that the hope to beat the operational date of July 22. I see the took over operations to speed up the final stages
On the face of it fairly positive, the only downside being FY 2022 EBITDA being at the lower end of expectations due to volumes affected by production downtime. I find that a slightly odd statement as the downtime was planned so would have been factored into any estimate?
Glad i said 'this morning' in that last post!
Thanks Hollywood. Nice rise this morning, I'm not a chartist but visually the chart looks good (sorry if that amounts to a contradiction!)
Hi johnpwh, I'm not aware of any such indications. My guess would be similar as KC's.
Meanwhile, always good to see us recognized as a key player in reports like these: https://www.prnewswire.co.uk/news-releases/modified-wood-market-is-projected-to-register-a-cagr-of-9-5-and-reach-a-valuation-of-us-1-95-bn-by-2031-persistence-market-research-831925649.html
Fantastic Product .. but .. I have been quite close to the Hull pilot, and from what i hear the rate of completion is way behind what it should be. With no guarantee that the design will work.
Any thoughts on the value of Tricoya in Accsys?
Inaugural toe dipped in the AXS water. Been watching for years after I learned that the CEO was the brother of the once deputy PM. I believe that CEO departed some time ago. Anyway, hopefully onwards and upwards.
Thanks KC
I suspect dividends are years off with any profits being channelled into increasing production to meet the optimistic targets the company have set.
Hi Hollywood
Have the company given any indication of when it expects to be sufficiently profitable to be dividend paying?
continue to accumulate, with De Eng B.V. just having breached the 10% threshold (RNS 24/1 on company website). IIs now hold some 70% of shares (https://www.accsysplc.com/investors/share-capital/).
A nice, upbeat article in a Dutch magazine too: https://www.vnci.nl/chemie-magazine/actueel/artikel?newsitemid=6220021761&title=accsys-technologies-verduurzaamt-hout-het-loopt-als-een-tierelier
There should be some good years coming here, if all pans out well.
They’re well placed for a strong year ahead. They’ve recently completed works to improve efficiency at Arnhem and have a new reactor coming online in coming weeks. Following that the Tricoya plant in Hull, which has already been running tests on wood chips, will come online. The increase in capacity should start to translate into bigger profits. I too will be topping up on Accsys this year.
This is back up near its peak, so for me I missed the opportunity to put back what I took out in January.
The news is very good, so it's not one to take profits from now, it's not a spike. NB The top 10 holders are all companies/ii's, and have ALL increased their holdings since March.
So for me I'm going to let it ride from here, maybe top up on any dip. If money available.
Indeed it is a good read, i'd not heard of the materials or the company beforehand. I work with wood myself & these really are great products & backed by the likes of Medite it's got to be an industry winner going forward.