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Glad for you all that the sp is up. I sold out about 18 months ago, against my heart for such a good and green(ish) product. I was very concerned about what seemed very opaque and ambiguous statements from the company, and holes in their reporting - what had happened with all their worldwide licensing agreements, for example? I do not remember the details now, but I have to admit to being further concerned by the fact this board seems to have been restarted in June last year, just months after I detailed my concerns and questions on the board - and no reply was forthcoming from anybody. So I hope I was wrong, and hope it goes well for you all, but I would say keep your eyes open. PS. I am not a shorter - never have and probably never will. PPS. How does that happen, that all past posts are deleted and they start again with a clean sheet?
Clearly not a popular share with the herd this one and no wonder but with the fund raising a resounding success the long term potential of this technology has proabably taken its first step to being realised...a slower burner you may never find but I can see some good days ahead for this share over the next year or so!
Can only be a leak surely...I would hazard a guess that the JV news will not be as positive as suggested in the interims... That said there was some very strange price action on what is normally a very sleepy share!
why the drop this morning. anyone know?
So nothing of note...holding pattern until new capacity is on line. Potential good news on the JV this year though. The BOD certainly seem to have a clear plan that's got good long term potential but as suspected this is a VERY slow burner but I've waited this long so what's another year 😂
Apologies for board hopping; but ! The petition is going quite well; 6000+ signatures so far. ONLY 3 weeks to go !!! https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. New chancellor, shaddow chancellor & lots of others inc Stock Exchange aim committee. If you follow tweeters etc, send it to them please! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so.
Not sure it was great. Clearly there is little room for revenue increases until capacity comes on line so another year of waiting at least. Also little or nothing on the China farce apart form a nondescript nention of small volume sales. The story is intact and the BoD seem to have a clear direction but unfortunately it seems we are unable to supply the market demand growth in the foreseeable which is disappointing and will no doubt leave the SP range bound for sometime. For no particular reason these live in my bottom drawer, I should and could sell to gain a return elsewhere but may as well hang onto them now for another year and see where we are at then..
Profits up 49% on previous year - this company is doing great work. Deserves more coverage on the boards - or are we keeping quiet while we stockpile at cheap rates??
Nice to see the TTL joint partner named...none other than BP. Also a tasty £35m value and a small stake taken by BPV this is excellent news. Can't see BP hanging around and it's heartening to see that a site for the plant has already been identified. We might finally see some concrete progress here now and with the TTL valuation underpinning the SP I'm hopeful that these might still come out of the bottom drawer at some point!!
PS DYOR, of course.
Regretfully I'm out of it, sold last Friday. It's not what I wanted: perhaps like many investors here there is a 'save the world' aspect to this share that you really want to support (while making some money of course!) I was prepared to vacate the bottom drawer for it. BUT.... concerns have been growing. I'm no financial whizz, I'm pretty new to investing in individual companies, but this lot concern me. I came in just in time to take a loss through the Diamond Wood problem. Is that all over? I'M NOT SURE. Did we ever learn what really went wrong with DW? Not only did AXS lose the case, but as I understand it they also had costs awarded against them. Sounds like DW were in a strong position. Last weeks announcement concerning the agreement with Solvay really concerned me. There were lots of positive hints but no real facts. So I find my self with a number of questions: 1. Although it was clear that they have a good product, in increasing demand, such that they have been able to raise prices, they needed a guaranteed offtake from Solvay. Why?? And above all, at what price? Is it a giveaway, and if so, in exchange for what? 2. "...under the new agreement Solvay will review the optimal timing to construct its 63,000 cubic metres Accoya manufacturing plant". Bring it forward or DELAY it? "review" - means what? Is there a commitment? To do what, and when, and why? They're hinting at something but not actually giving us the information we need. That CONCERNS me... 3. They say the agreement benefits both sides, but I can't see what's in it for Solvay, as it stands. Surely something is....?? 4. "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." So, again, on the face of it, apparently great for AXS, but what's in it for Solvay?? You don't just give away the selling rights for a great product for 20 European countries! Again, they're hinting at stuff - such that later perhaps they can say they did not conceal anything - but I certainly don't get what's really going on. 5. I was under the impression that they had licenced this process or whatever you call it worldwide. Why do we never hear word as to progress anywhere else? Thinking of DW, why not? Maybe I'm just ignorant, but I have enough questions that I'm out of it.
1 December 2015 2:16am City A.M. ACCSYS TECHNOLOGIES Following on from the positive news last week of an agreement with Belgian firm Solvay, the chemical technologies group announced strong interim results. Analysts at Numis reiterated their “buy” rating, and set a target price to 117p. They said “Accsys is well place to develop the market for its unique products and therefore crystallise substantial value for shareholders”.
Indeed...good progress but really really slow...2017 until the new capacity kicks in and 2018 until the tricoya plant is operating. Still at least the concept has finally been proven and the Arnhem plant is providing a significant ROCE / positive cash flow so all moving in the right direction. Not sure this share will ever make any significant ground though in the near term so I'm tempted to chase rainbows elsewhere with the cash I have locked in here but I think I'll stick it back into the bottom drawer, mainly because I've got a non sensical attachment to this share so feel after waiting this long I may as well wait another year or two!
Date: 30-11-2015 10:36 Wood acetylation specialist Accsys Technologies (AXS:AIM) is 1% higher at 69.1p after the £61.4 million cap posts a 21% increase in revenue with an underlying operating profit of €1.3 million; the group’s first positive EBITDA since restructuring in 2010.
article in interactive investor - "the company actually made a cash profit in the six months to 30 September, the first since a major restructuring in late 2010. new improved deal with Solvay, announced last week, is expected to double capacity at the Arnhem plant to 80,000m3 per annum, with the first phase - about 20,000m3 - expected to come on-stream in mid-2017. The Belgians have agreed to buy a minimum of 76,000m3 from Solvay over next five years". have been a long time holder so hope we can push on although i think we will require a few more years of patience.
I think the Accoya product was used on the Grand Designs home featured on the show this week.... I was a long term holder of these shares but dropped out as they continued to fall over 18 months......I still think this is a great product/company but not prepared to come back in yet......
But something going on. Yesterdays stop/loss raid out of blue. China on track? or murkier waters? New factory up and running? Loads more wood based companies I know are starting to use and play with accoya products, It does blunt tools quickly though. Waiting for the pound party. C u there
Whats today action all about then? Certainly some funny behaviour
Agree Cornish. We really need an update. Having met at a green building trade some staff,not sure if any were a BOD, but I was impressed with their enthusiasm and the products, but recent SP ls it seems asleep. Where is the DW issue , are there moves on licensing .
We could do with some good news to elevate the SP which from a high of 80p is stuck around 70p. This share should be a lot higher but the BOD need to show that losses have stopped .
The uplift in the SP. was getting perilously near my stop loss , never automatic as I like to consider, Would hate to leave as the products are revolutionary. Could do with an RNS on any licenseing developments. BTW. JJ
Explains the drop http://sleekmoney.com/accsys-technologies-plc-insider-christiesean-buys-70000-shares-axs/323484/
Why the sudden rise today, up 10%?
I agree Cornish...I thought the results read well so didn't expect a SP drop like we have seen. I suppose the big question now seems to be capacity, Armhem would appear to be pretty much flat out so maybe limited room for improvement there and subsequent doubts about the speed of market penetration. That said that is a good problem to have compared to where this business has been and the BoD seemed very upbeat in their assessment. Still cashflow positive in the current financial year is a major milestone so would have thought the market would have reacted positively...ho hum looks like these stay in the bottom drawer for a while yet ;-)
The key words for me are 'The improved performance resulted in underlying EBITDA loss reducing by 52% to a €2.4m loss (2014: €5.0m loss). The on-going improvement during the year, including the implementation of a price increase, enabled the EBITDA loss to reduce to €0.4m in the second half of the financial year.' My take on this coupled with increased turnover is that by the end of 2015 if not sooner the Company will be in the black. Surp[rised by the fall. The results read well and if it had not been for the DW issue the cash would be over £2m higher. That is all in the past now. Onwards and upwards .