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Hi all well done with this. Yes I did mean SAPELE. Well and truly miss out, but like you say Qd plenty of opportunity all round. How big can this get? I think if they are getting on board with MDF as well as the undoubted benefits of Accoya very big indeed or get bought out . How well geared are they to scale up to meet potential demand world wide?
So much opportunity elsewhere that I've taken a topslice today, after such a great rise in just a couple of months. 70%. But I really believe in this, and will top up again if we have a pullback now, funds permitting.
The rest is now for the long term. It's probably just beginning.
Accoya treated wood is generally 40% more expensive untreated wood, I not from there latest report that they are mentioned Accoya colour thats a new one on me, I used the product on many projects in the past we always had to use a paint finish for windows and doors as it did not take stain very well. I am a holder and intend to stick with it long term.
Thanks for the excellent insights there
If you’re asking which will last longer then Accoya is going to be hard to beat. It is a class 1 timber, the highest class for durability and a whole class above the likes of oak and cedar, sapele is class 3 with a life expectancy outdoor of 10 to 15 years. Every piece of accoya is guaranteed for 50 years by Accsys. Aside from supreme dimensional stability that is why it can command a high price. It’s also FSC certified so it has green credentials too. You could always use a cheaper wood for your build and put the money you save into buying Accsys shares, that might also prove a good decision.
Last sentence: do you mean you recommend the Sapele over Accoya?
It tends to go silvery grey colour after a few years, but the grain isn't as interesting as say oak or western red cedar. There's a really interesting cladding system that James Latham are promoting that chars the outside surface of accoya to give a jet black crackled appearance. Architect's love it, not particularly innovative, the Japanese have been doing it for centuries, but you have the benefit of accoya wood.
I guess it autocorrected Sapele to Spell? but in terms of cost difference, i'd say roughly 20% premium over Sapele, although that is narrowing every year. Given the maintenance and longevity of Sapele we strongly recommend clients go for it.
Wow..149p paid today...the SP has sure rocketed here!
Been a looong wait for me in this and I’m not sure it will hold this rapid climb but no doubting the ambition of this company.
I always thought they would get bought out at one point...probably by one of the big chemical companies they are JV’ing with. Maybe a bit early still for that but once Hull is up and running and proving it’s worth we might see some action on that front.
Could be a very good 2021 at this rate!!
You are just the man to ask then. Does it compare favourably price wise to Spell. Am also wondering how expensive the new waterproof mdd will be. Really pleased this has taken off at last. I think I had a small holding when Majedie first invested. As you know it takes forever to get the building trade interested in anything new. 50 year guarantee against rot and restart to beetle attack is obviously worth paying for. Obviously not for the Wimpeys and Persimmons of this world, but probably couldn't supply them anyway. I gather the trees they use are sourced from NZ. Was thinking about using their t& g for a wet room because not keen on tiles. £10 per metre was a bit strong. How does it weather without a finish, or is that not a good idea. Sorry to ask so many questions but this is quite revolutionary!
It is a fantastic company to be invested in, I specify this product in my day job nearly everyday. If I’m specifying external doors and windows they are invariably in accoya and more joiners shops Are using accoya as the default over sapele. With the Hull plant opening next year I can see further growth and a clear commitments to the UK market
Quiet here, but the share price is doing enough talking on its own : ), I imagine it will be saying allot more 21 onwards too. GLA
Strong construction output data for month of November announced today so perhaps that has had some effect. That and a Brexit deal sounds close. All speculation
Great share, happy to be here. But today no news, and sold volume and value both one third than bought: so why is up 11.44%?
€8.9m reduction in net debt was very good to see.
Considering these results cover the CV19 impact then I think they are very good indeed.
As we know 2021 is shaping up to be transformational in terms of capacity and margin so this company clearly going places with a quality IP protected product.
Plenty more to come here beyond the already visible 2021 improvements with the JV’s so a very solid long term hold for me on this.
Looking good.
Just an interested observer. The consolidation was 5:1 plus it was originally quoted in euros, so 'gutted' need not be quite so gutted in comparing 0.09 in 2011 with 90p+ today.
I like to keep everyone happy
They have a market and are ramping up production, they will grow well.
If the idea really catches on and it might, then who knows :)
For me it's fortunate that it's pulled back, so I could get in at 93.6p. I've held this share in the past, a long time back, then sold but kept an eye on it. See my posts I do have my concerns, but have always wanted to be in here and think they may now be getting their act together. Shouldn't have attachments, but there will always be something about wood - and since that's not just true for me AXS has something special going for it. I would, however, really like to know if I was right in 2018 and they did buy Diamond Wood.
The dramatic price climb was due to myself and others following Southbank Investment Reasearch advice to buy this as Accsys has a great product with a great future.
Thanks
QD22
Big jump yesterday due to SOuthbank Research company advising it's readers to buy this stock.. End of
PS The 2015 to 2020 agreement with Solvay would have given them just the time period to build and commission their own planned 63,000 cubic metre plant, meanwhile through the offtake agreement building market share in their exclusive European territories. It looks to me like AXS and Solvay agreed to split Europe between them but I have no expertise in these things and may be completely barking up the wrong tree. Does anyone with more expertise and experience get this thing better than I do?
The 1st post on this board! 7th June 07: "Accsys is in this weeks Shares magazine in the cover story 25 Best Aim shares"
Cover story in '07! A few years later spindok was saying "We need a ramper!" Love that comment. Is the post still vacant??
I sold out, very unhappily, 5 years ago, very concerned about opacity and what we were not being told. I thought, and still think, they were hiding a ginormous mess up - probably with licences, worldwide. They lost a case against Diamond Wood China and had the costs awarded against them, and I had questions in the same area about their agreements with Solvay in Europe (RNS 26 November 2015).
"Solvay will purchase a minimum 76,000 cubic metres of Accoya from the Arnhem plant over the period from 2016 to 2020 (the "offtake commitment") and as a result of the increased manufacturing capacity in Arnhem and consequent greater sales capacity, under the new agreement Solvay will review the optimal timing to construct its 63,000 cubic metres Accoya manufacturing plant."
"The licence agreement covering Europe has been amended to provide increased royalties to Accsys and the return to Accsys of the selling rights for 20 European countries."
Had they reached an impasse and Solvay agreed some kind of deal to split the pie and to hold fire on its plant? "Accsys will provide sales and marketing services to Solvay on agreed terms in respect of Solvay's exclusive European territories." It is - above - SOLVAY'S 63,000 manufacturing plant whose construction was to be reviewed, and they have exclusive European territories.
NB the offtake agreement ends this year, 2020 - but it doesn't give an exact date. So might our revenue drop off??
In March 2018 I was under the impression they had bought Diamond Wood China, but I can't see where I got that from. Anyone spot it? That would be important because under the judgement from 2014 the licence was to continue: "In July the Company reported that the Tribunal delivered a ruling (the 'Ruling') that, in response to Diamond Wood's claim for damages in excess of €100 million, Diamond Wood can only claim for limited damages, if any, up to a maximum of €250,000. However, the Tribunal also ruled that the licence agreement between the two parties is to continue. The Tribunal has now issued a final award in respect of costs relating to the Ruling which are payable to Diamond Wood, being approximately £1.6m."
Well, I've talked myself out of spindok's job offer! But actually I'm now interested in getting back in, in spite of the concerns above. One way or another they appear to be sorting themselves out. Still opaquely, to my mind. But there is product, demand, capacity coming online, and there simply must be a way to market now or they wouldn't be doing what they are doing. But I'd love to know the actual story.
Big jump today, for no apparent reason. Hoping for my sake it pulls back so I can get in. ATB, all. Hope all this info is useful.
Already in design with financials to come Q1 2021 but they key thing is the plan for INITIAL capacity is equal to current annual output!
This has been brewing for a while so the formalisation of an official JV is great news and puts another marker in the roadmap of ever increasing volumes.
We now have Hull looking to complete next year, then it’s ramp up alongside 4th reactor and now US plans starting to to firm up....next stop Petronas and once the Covid hangover clears AXS will be looking very well placed indeed.
Market seems to have missed this opportunity
"Accsys forms Accoya USA in joint venture with Eastman Chemical Company"