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One of the most prevalent trends in the architectural world today is the shift towards a reduction in the consumption of energy; a reduction in carbon emissions, a focus on green principles. The first whammy, IMHO, will be the continued use of wood in meeting the above criteria, and an increase in wood usuage in both structural and aesthetic applications. I believe AXS is at the forefront in this regard. With new production facilities coming on stream in the next 2 years, and with an enlarged profile around the World, AXS should move into +ve PBT in the next 2 years. The 2nd whammy IMHO, is the price in Eu, equating today to 15p. If we buy in GBP, I see this also as a hedge against a falling GBP. The present malaise in the Eurozone will come to an end. £1= Eu1,25. If GBP strengthens v Eu, then I would assume the GB economy is doing well, and our other shareholdings may be doing equally as well. I rate this outfit, notwithstanding the debacle over Diamond, which I think will now benefit both cos, going forward. All IMHO of course
undermined by the foolish optimism repeated again and again over the legal case with Diamond Wood. Niaive on behalf of management to imagine that anyone other than lawyers would gain. Lesson to us all to avoid resorting to legal proceedings if humanly possible. A recurring theme in dealings with China is the need for eternal patience. Things just dont happen in the timescale you hope for and trying to force the pace just doesn't work.
Interesting rns. Nothing on losses, we should be expecting some more cash outflow from the settlement of dw legal costs I think, revenues starting to pick up strongly, backlog strong. Feels like around the final quarter of this financial year the company might be cash flow positive....back of fag packet calc mind you
Agree with your observations Rye but would also add that in spite of the recent RNS regarding the arbitration tribunal delivering it’s ‘First Partial Final Award’ we are still not out of the woods regarding the Diamond Wood issue. DW have stated that they “look forward to restarting our operations under the licence “ whereas Accsys is “currently reviewing and taking advice in respect of the Award, including its rights of appeal “. I think we still need to wait for this situation to be amicably resolved in order that the positive newsflow can have the desired effect on the share price.
Unless I've missed something (always probable!) I doubt Russian sales are material....said before I've seen Accsys move before an RNS so wouldn't be too surprised to see some perceived negative news. Still we saw a strange trading that drive the price down recently and I suppose a large seller offloading would see the same happening again... Total guess work but no matter a disappointing move south..could be a buy opp but recent trend is far from postiv
It's the Russian situation I believe, and a general 'sell off' of any company which might have Russia as an export market. I see this as an opportunity to buy a few more. Long term prospects are still good. All IMHO of course.
Good question! No answers here I'm afraid...
que pasa today?
Good to see we are getting some firm committment from Solvay to build an Accoya production plant. and develop the market outside Europe. Should engender confidence on every level.
Sorry there was one in May so no wiser.
Last on on 12/02/14. Not sure. Would be nice.
Hee hee and we all know there is NO fun in that! Anyway would I be wrong in thinking we may get a trading update for Q1 this week?
Yes they will have t get back into bed with them but keep their clothes on.
Totally agree Cornish but it's kinda like having tried to divorce the wife by pointing out all her flaws you have to move back in and co-habitate again! Awwwwwkward ;-)
Rye, Agree with your comments. It will be interesting to see what AXS BOD now do. They have said their lawyers will examine the decision and what rights of appeal may be open to them. Normally an Arbitartion decsion is final and binding unless the Arbitartor has made a fundemental legal mistake or has been mislead. On the later the submissions would have been sent to both sides to comment upon. In regards to a legal mistake if the Arbitartor is unsure about a clause or its definition he has the right to obtain independant legal advise. Thus I am of the opinion AXS will have to accept the decision. The best case is that the two sides make up and start to produce the product for sale in China and other parts of Asia. Huge market potential.As always money talks. The BOD should now just accept and get on with making the Company as profitable as can be.
Well Diamond Wood may be pleased, can't say I am....still the whole play was down to them doing basically nothing for what seems like the best part of a decade!! IF they get their finger out and actually do what they were meant to then I suppose all is good but it's hardly the foundation to build a long term working relationship on is it... On the plus side at least it puts to bed the potential losses/damages but to me it would appear that's another £1m that DW has cost us and we are still no closer to getting production up and running in the Far East.
Please can someone remind me why there was a dispute in the first place?
Diamond Wood seem to be upbeat about their future relationship with Accsys according to the DW website - http://www.diamondwoodchina.com/English/News/2014/2014-07-25-diamond-wood-accoya-wood-licence-confirmed.html
My previous comments were correct in that DW could not claim loss of future profits. Dissapointing over DW License still being in effect but now Accsys will have to work with them and hopefully a factory etc can be built. The legal document was obviously not well drawn up but one assumes in is not open in perpituity. If both sides take a sensible view this could be a win win situation. and at least it takes away the claim for E100m. Accys should now move on and concentrate on a good partnership with DW and creating turnover and profits. Big future for this Company IMO. The BOD's next actions will be very interesting but hopefully we will not have the draining effect of legal fees.
Accsys, the chemical technology group focussed on the development and commercialisation of a range of transformational technologies based upon the acetylation of solid wood (Accoya®) and wood elements (Tricoya®) for use as class leading, environmentally sustainable construction materials, today announces that the arbitration tribunal (the “Tribunal”) appointed in relation to the dispute between Accsys and Diamond Wood China Limited (“Diamond Wood”) has delivered a ‘First Partial Final Award’ (the “Award”). In response to Diamond Wood’s claim against Accsys, namely for damages in excess of €100 million as previously published by Diamond Wood, and for the continuation of the Licence Agreement, the Tribunal has, in the Award, ruled that Diamond Wood can only claim for limited damages (if any) up to a maximum of €250,000. However, Accsys is disappointed to announce that the Tribunal has ruled that the Licence Agreement is to continue in full force and effect. As a result of the Award, and with immediate effect: 1. Diamond Wood has the responsibility for all Accoya® wood promotion marketing and selling to all customers within the licensed territories in the Far East (which excludes various countries including Japan and South Korea, for which Accsys retains rights); and 2. Diamond Wood is obliged to resume its endeavours towards the construction of an Accoya® manufacturing facility in the Far East. Accsys is currently reviewing and taking advice in respect of the Award, including its rights of appeal. Ends
Quick PicksLive Prices £% AFC 23.75 Remove this quick pick AXS 0.205 Remove this quick pick PHE 1.125 Remove this quick pick QFI 36.50 Remove this quick pick WHE 0.45 Remove this quick pick Quick Tools Home Share Prices Stock Picker Financial Diary UK Indices UK Industry Sectors Company Lookup Share Risers Share Fallers Broker Ratings Finance Glossary SMS Services Share Chat Finance News Spreads / CFDs Share Trading Funds Forex Blogs Live Prices Shares Bookshop Finance Tools Members Inbox Portfolio Watchlist SMS Management Premium Services What’s New User Settings myLSE Logout Week Ahead Week Ahead Week Commencing 28th July Support Scott’s Ride Across Britain Challenge Round table discussion - GOLD Latest Share Chat REM. will put this price back where it.. REM. Next push . Coming CAZA. Pity it's not- Yorkville, would be.. OEX. Smokinjo: Mayb- e all the PI's are .. REM. Never mind tig- ger, it's all a nev.. REM. again! O not t- hat much of a catch.. REM. I've done this a few times and it.. COMS. No. Some are buys. MSMN. yes i think l- ts of traders will .. WSG. Nice one on BC- N Thanks for keepi.. Diamond Wood Licence Agreement Fri, 25th Jul 2014 07:00 RNS Number : 2932N Accsys Technologies PLC 25 July 2014 ? AIM: AXS NYSE Euronext Amsterdam: AXS 25 July 2014 ACCSYS TECHNOLOGIES PLC ('Accsys' or the 'Company') Diamond Wood Licence Agreement (the "Licence Agreement") Accsys, the chemical technology group focussed on the development and commercialisation of a range of transformational technologies based upon the acetylation of solid wood (Accoya®) and wood elements (Tricoya®) for use as class leading, environmentally sustainable construction materials, today announces that the arbitration tribunal (the "Tribunal") appointed in relation to the dispute between Accsys and Diamond Wood China Limited ("Diamond Wood") has delivered a 'First Partial Final Award' (the "Award"). In response to Diamond Wood's claim against Accsys, namely for damages in excess of €100 million as previously published by Diamond Wood, and for the continuation of the Licence Agreement, the Tribunal has, in the Award, ruled that Diamond Wood can only claim for limited damages (if any) up to a maximum of €250,000. However, Accsys is disappointed to announce that the Tribunal has ruled that the Licence Agreement is to continue in full force and effect. As a result of the Award, and with immediate effect: 1. Diamond Wood has the responsibility for all Accoya® wood promotion marketing and selling to all customers within the licensed territories in the Far East (which excludes various countries including Japan and South Korea, for which Accsys retains rights); and 2. Diamond Wood is obliged to resu
Yeah it does make you wonder?? Certainly some odd trades today, see if any news tomo? Still a great product though. More and more builders I know are using the product even with todays cost. Increased volume alongside the increased coverage and in turn sales bodes well for the future. Nothing goes up in straight lines they say, you never know, it might just be a scare tactic to mop a few up on the cheap seeing blue sky in near term. Oh the conspiracies. Enjoy
Ha yeah and now it has arrived I'm left wondering what everyone else knows that I don't!! ;-)
After today's rout you seem to have your chance to top-up at 20p. Appears to be mostly automatic sells, perhaps triggered by stop-losses as it declines. As you say no operational reason for fall so chance to get in cheap again is in view.
There would seem to be no operational reason for the drop so watching this closely....sub 0.2 and I may well be tempted to add. It's a risk though as the litigation is a big drag (in terms of cash drain and sentiment) but IF we can get positive news there and confirmation of the site of the new plant this could spring higher....sadly Accsys seems to be the slowest of slow burners but I've waited years for it to come good (albeit managing to pick up a bundle of shares when lowly rated) so I'll happily wait a couple more ;-)