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Yeah it had a 5 for 1 in 2014.
Results today are excellent and show the real potential this company has. CV19 clearly will have an impact this year but looking forward to Hull, 4th reactor and the potential two JV’s you have to feel confident in the medium term this will come very good indeed!
looking for price movement info here, posted here 9 yrears ago at .09p did this consolidate at some point thanks.
Seems a sensible approach, giving Accys the opportunity to cut out the middle man and maximise profits by selling more directly to the consumer. The sort of approach that will decrease the time it takes to start realising meaningful profits.
Encouraging report.
https://www.pbctoday.co.uk/news/modular-construction-news/timber-frame-market-2020/71667/
You wouldn't have access to the full article by any chance?
https://www.thetimes.co.uk/article/macron-use-more-wood-in-our-buildings-wmlrf2f3g
I expect Hull plant to now be commissioned without any further issues. Pretty absurd turn of events in the first place unfortunately. Once that is up and running, along with the 4th reactor in Arnhem (not sure what the actual timetable for that is? A year or two?) then the nucleus of the business will be very strong indeed. Any licencing deals in Asia or US will be a cherry on top. Certainly seems to be some strong interest, and why not?
Ahh don’t get me wrong, I agree with your analysis...hence why I am invested here.
The execution risk I see is the expansion that is required to make bottom line profit. We’ve already seen cost over runs at Hull, the 4th reactor still needs to be built and the overseas JV’s (Petronas in particular) appear to be awaiting progress / evidence of success rather than pushing ahead.
But as you say with the funding now in place we should see good progress from here and as ever the product and demand is not in doubt.
Essentially I’m suggesting we won’t see a significant re rate until we see that Hull in particular is de risked. I hope I’m wrong of course and we zoom up from here but either way I’m happy to wait for the gains to come as I’m confident they will.
On what basis do you think the execution risk is quite large? The way I see it is they have a level of demand that they have not been able to keep up with for years, a proven product, significant funds that have just been raised, and a large facility that is coming on line this year which will boost output and also improve margins (as they won't be having to waste as much high value Accoya to supplement Tricoya production.
The overseas joint ventures have elements of risk (and opportunity) of course, but the core business looks extremely sound.
Not sure about undervalued, there is still quite a large execution risk with this. But totally agree on the path to profitability...it’s well laid out and I’m hoping we see great progress on all fronts this year.
SP has recovered nicely from the fundraise after never actually hitting the placing price and we could see a steady (if a touch slow!) climb as the planed expansions and JV’s are delivered.
Clearly not much action on this board, and I think that fact is perhaps reflected in the share price. Got to surely be one of the most undervalued shares on AIM? Some substantial fund raising now secured for what looks like it could be an aggressive few years of expansion. Projections for proper profits now not far round the corner, just a matter of trying to keep up with demand.
I don't believe it a good looking trading update published today and share price drops
A rare mention for axs in the financial times march 15. They appear positive.
And now Teslin over 13% with a million more shares. Some excellent long term holders on the register and a tasty boost to the SP as well. This share has languished in my bottom drawer for too long to mention but it looks like it’s time to dust down the share certificates and start counting the paper profits...with the good news being that this is just the start of the ramp up from a corporate perspective. A JV or royalty based overseas accoya production facility would be my next big milestone as it’s pretty evident that Arnhem alone is simply not capable of providing the volume required. As ever capex will be the issue for any expansion and dividends are a long way off but none the less this company finally seems to be gaining traction. As I said though it’s been a long old wait but it’s even more of a buy and hold than it was previously so these can live in my SIPP for some time yet!!
Great news this morning raising money at current SP with a long term holder. New capacity coming online and JV progressing well should hopefully see the start of a long term rise in the SP here. The available market is still massive compared to what we can service so still plenty of work to be done.
Here�s my view on Accsys Technologies: It is doing a good job winning new businesses and growing sales. But it hasn�t reported any profit and that is a major concern for anyone holding the company�s shares. Although valuation is supported by �40m of cash, the question investors need to ask is: �Will valuation holds up when cash balance starts to decline?� The answer is likely to be no because brokers aren�t forecasting any profits beyond 2020. For more on Accsys, Sage and Avon Rubber, click: http://bit.ly/2IbRigt
Normally you would expect an Accumulation like this to drive the price higher but it would seem not in this case. It’s been a very long wait here but the company now looks on the cusp of some serious transformation. I just hope there has been no more delays in the plant expansion and we can soon crack on with supplying the demand that would appear to be very strong for this product! Not famous for its news flow this company so we might have to wait until June and the full year results to get more guidance.
Teslin P have picked up another 2pc. Their stake building has been ignored by the market. They have a strong track record of backing businesses at the point of transformation. I�m going to follow their lead and pick up another 10k or so.
So today over 3.5 million shares, in 497 trades (almost all automatic execution) and the price moves ever so slightly. What will happen next?
large buyers atm.
traded today,on a six month low.
In for a penny..... - make it 3. :) But it's interesting that they've bought Diamond wood China. I think they lost a case against them some time ago: it was all part of my concerns about what we were not being told. I suspect their legal (licensing?) agreements were badly drafted and they lost the rights to sell worldwide except Europe: but I do know nothing. It looks like they've paid the ransom, er, I mean bought out diamondwood to get the rights back, in what they feel is their most promising market. Pure, pure speculation, based on what I very vaguely remember I was concerned about years ago. I could go back and check my old post, but they wiped them all and started again.....
It is worth having an occasional look at the cleantech building materials site. They purchsed diamondwood china and are raising funds for a plant in china. Also Belegger.nl has a forum on axs. Needs translating.
...or so! That's not really fair: 18.5% is pretty good. I shall be keeping a closer eye here now, though: especially once the new plant is running. Any idea of when that is projected to be?
If you would like to hear Paul Clegg, CEO, present on behalf of Accsys he will be at our next investor forum on the evening of Wednesday 21st June. Other companies also presenting are Lombard Risk Management and Carclo. In order to find out more and to register for free please visit: https://www.eventbrite.co.uk/e/equity-development-investor-forum-june-2017-tickets-34745006249?ref=ebtn