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Started: watsonwatson, 18 Jun 2024 19:30
Last post: watsonwatson, 18 Jun 2024 19:30
Accoya USA due to start production soon according to previous news on the Accsys website. That should provide a bit of a boost to sp.
I wonder what will transpire with the Tricoya plant in Hull.
Started: Wolfofsomewhere, 28 Mar 2024 12:07
Last post: Wolfofsomewhere, 28 Mar 2024 12:07
New ceo and one of the directors have just bought on the open market. Must mean all the bad news is behind them and they are confident moving forward.
Started: Alexei91, 6 Jan 2024 16:03
Last post: brigg, 27 Mar 2024 07:52
Bought in last week so hope it's the bottom,held a couple years back ducked out with small lost , believe this will come good now
New management very active on linked in. And With accoya making reputational gains within the industry, and a possible return of Tricoya with better project management and minimum costs. We could have seen the bottom here.
The old regime was poor - now mostly gone so I’m rating a strong buy.
Hi All,
I have been researching into this company as I would assume it is in a good position for growth. The YoY revenues are increasing nicely each year. However, there seems to be little profit and the shares are getting dilated each year (an average of ~15% dilation each year for the last 5 years)
I have a few other concerns such as the trading update on the 1st of September.
When are you LTH's looking for the share price to return to 2021/2022 levels (MCAP of over 300M)? And what are your thoughts on when will the company start making profits?
Kind regards,
Alexei
Started: fifig1, 1 Sep 2023 15:11
Last post: Spades1973, 1 Sep 2023 18:03
I feel the worst of the Hull debacle is behind this company now, and the boards main protagonist of the Hull disaster has gone.
Not sure if they’ll start it again in 24 . But it’s well worth perusing, because Tricoya is a potential game changer in construction.
Fingers crossed that the patent is robust, and good enough to defend. Risks are cheaper competitors muscle in because of prior incompetence.
GLA
So 1st 4 months (Apr to Jul) were ahead of prior year and then in Aug they fell off a cliff and the ‘executive team’ announces it ‘is taking immediate and decisive steps’. Should I be reassured? Well, firstly I’d say the measures they cite would, in most boardrooms, constitute nothing more than good everyday practice, not things you only do under duress! But then, as long-term AXS holders will know, management here has been pretty consistently shocking, often asleep at the wheel: How did the grand international roll-out of licences go? How much did the subsequent unsuccessful court cases cost? Why did Accoya supply remain so constricted for so long? And then there is the eye-wateringly expensive Hull debacle. And now this.
Poor management has always stood between AXS and success. I was hopeful that post-Clegg things might improve but really, there is no sign yet. Expect more fundraisings/dilutions.
It is a shame as Accoya is a very good product and environmentally quite sound. That I am still a holder is truly a triumph of hope over experience.
Started: aandi, 21 Mar 2023 05:45
Last post: testpack3, 1 Sep 2023 13:29
Beware of this guy aandi. He is an EQT ramper extrodanaire. He has been banned in the past by LSE for blatant ramping. He also has other aliases. Treat comments with extreme caution and DYOR.
I have compiled a list of London stock exchange companies with a green economy mark. *The list excludes "financial" and "consumer discretionary" companies
https://www.londonstockexchange.com/raise-finance/equity/green-economy-mark/green-economy-mark-report-2022?tab=issuer-list
I have run all the companies through tradingview.com to get the following results:
The winner with a buy/strong buy indication was
Eqtec plc with an average broker target 801% above today's share price.
Second place Clean power hydrogen with 495%
Third place Energy group Plc with 446%
Company name
Technical rating
Analyst rating
Price target in pence and % above current share price
Accsys
Strong sell
Buy
128p 103%
AFC Energy
Sell
Neutral
108p 435%
Agronomic
Strong sell
Strong buy
20p 78%
Alumasc
Sell
Strong buy
275p 76%
AMTE power
Sell
Strong buy
282p 378%
Applied graphine
Sell
N/A
Atome energy
Buy
Strong buy
199p 85%
Biome tech
Sell
N/A
Blackbird
Sell
N/A
Cap-xx limited
Strong sell
Buy
825p 135%
China yangtze
Neutral
N/A
Clean power hydrogen
Strong sell
Strong buy
116p 494%
Cyanconnode
Sell
Strong buy
27p 52%
Dialight
Neutral
Neutral
170p -36%
Directly plus
Strong sell
Strong buy
224p 172%
Eden research
Sell
Strong buy
N/A
Energy group plc
Sell
Strong buy
15p 446%
Eneraqua
Sell
Strong buy
422 40%
Eqtec
Buy
Strong buy
2.57p 801%
Eurocell
Sell
Strong buy
228p 64%
Gelion PLC
Sell
N/A
Genuit group plc
Sell
Buy
349p 28%
Greencoat renewables
Sell
N/A
Harvest minerals
Sell
N/A
Ilika
Strong sell
Strong buy
86p 130%
IMI
Neutral
Buy
1689p 16.4%
Inspired plc
Neutral
N/A
Invinity
Strong sell
Strong buy
116p 299%
Itaconix
Strong sell
N/A
Itm power
Strong sell
Neutral
146p 87%
Kingspan
Sell
Buy
74p 23%
Libertine holdings
Buy
Strong buy
30p 55%
Microlise
Buy
Strong buy
268p 75%
Ming yang
Sell
N/A
Mycelx
Buy
Strong buy
95p 196%
Nanoco
Neutral
N/A
Neometals ltd
Strong sell
Strong buy
94p 183%
Ondo plc
Sell
N/A
Pennon plc
Neutral
Neutral
972p 12%
Plant heath care
Buy
Strong buy
33p 200%
Plexus holdings
Buy
Strong buy
N/A
Pod point
Neutral
Buy
125p 68%
Proton motor
Sell
N/A
Quartix
Strong sell
N/A
Renew holdings plc
Neutral
Strong buy
910p 32%
Renewi
Sell
Strong buy
933p 53%
Sabien
Strong sell
N/A
Sdic power
Neutral
N/A
Severn trent plc
Neutral
Neutral
2858p 0%
Simec atlantis
Neutral
N/A
Smart metering plc
Strong sell
Strong buy
1124p 45%
DS Smith
Neutral
Strong buy
407p 33%
Smurfit PLC
Neutral
Strong buy
3788p 30%
Symphony environmental
Sell
N/A
Synthometer
Strong sell
Buy
207p 66%
Tekmar group
Sell
N/A
Thorpe plc
Neutral
N/A
Trakm8
Sell
N/A
United utilities
Neutral
Neutral
1097p 4%
Verditek
Buy
N/A
Volution group PLC
Ne
Started: Spades1973, 1 Sep 2023 09:15
Last post: Spades1973, 1 Sep 2023 09:15
Oversold
Started: KarateChop, 14 Sep 2022 21:50
Last post: johnpwh, 24 Jan 2023 23:24
Still got some way to go before I break even. Astonished how far it has sunk!
The price didnt get down to where I thought it would, so i didn't get back in. Looks like the business is turning itself around.
you cant win them all!
GLA
No problem. Interested in your post
Sorry @dflynch, I meant @JohnPwh
@dflinch I 100% agree . Its a great product and that is a constant that wont change. What will need to change is the delivery of Tricoya, if the prices skirts 50p a buy out of the tech is on the cards buy a bigger and more slick operator.
I am a value investor and at present there is no value in this company , but there is huge value in their product. Accoya wont provide the cash on its own, its applications are too limited and its too expensive. Accsys needs Tricoya more than Tricoya needs the Accsys.
I am not a de-ramper I am a realist.. Maybe I should short sell? I haven't got much right this year but I guessed the direction of travel on this one when it was over a £1.
Started: JustChampers, 12 Sep 2022 08:40
Last post: johnpwh, 14 Sep 2022 16:44
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?
Started: Spades1973, 26 Jan 2022 13:31
Last post: johnpwh, 23 Aug 2022 17:11
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
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?
Started: johnpwh, 4 Mar 2022 07:56
Last post: johnpwh, 4 Mar 2022 07:56
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?
Started: Hollywoodsummer, 25 Jan 2022 16:21
Last post: johnpwh, 1 Feb 2022 14:53
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
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
Started: Qd22, 2 Jan 2022 16:17
Last post: KarateChop, 3 Jan 2022 22:21
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.
Started: Hollywoodsummer, 10 Dec 2021 15:14
Last post: Lokiloo, 11 Dec 2021 17:27
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.
Started: piworld, 26 Nov 2021 09:18
Last post: piworld, 26 Nov 2021 09:18
Alexandra Jackson mentions Accsys Technologies #AXS at 22m14s in the latest PIWORLD interview
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
Or listen to the podcast here: https://piworld.podbean.com/e/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
Started: watsonwatson, 4 Jul 2021 05:48
Last post: KarateChop, 24 Nov 2021 19:48
‘Recently in November we successfully ran our first batch of wood chips through the first stage of the front of plant, as we begin to test and commission parts of the plant once they are completed’ - that’s from their latest press release. All very exciting, 2022 is a big year for Accsys.
Rumours in Saltend of a couple of wood deliveries to site
There is an advert for Tricoya on the Finsa website. They make it sound irrisistible, and I dont even need any.
I have a hunch that the Tricoya boards will be a much bigger money maker than the accoya elements. I very much hope so. Also hope any licences granted are on the right terms.
Started: OLS7, 1 Sep 2021 23:17
Last post: OLS7, 1 Sep 2021 23:17
Hearing multiple reports in my industry (construction) that demand for accoya is through the roof. Contractors and specialist joiners really adopting the material as their preferred timber for any external joinery. Supply bottlenecks causing a problem, similar to many materials, but unlike other materials there is nothing else on the market that competes with the longevity of accoya. This is only going from strength to strength and looking forward to seeing the numbers on the next report
Last post: KarateChop, 15 Jul 2021 19:19
I think that’s the only elephant in the room. It could just be a settling down after reporting a good full years results. Ultimately though I only see this going in one direction.
Significant drop over the last few days. Is it due to delays in the commissioning of the plant due to the contrator being sacked. Discuss
Started: Spades1973, 7 Jun 2021 09:49
Last post: RyeSloan, 23 Jun 2021 14:25
Market seems unperturbed by this delay / additional cost…heading to an all time high today!
That might change once we get the detail on the size of the overrun and the timescale to resolution on Hull right enough!
*Inherited from EFab
A £25 Million liability to finish the Hull Tricoya plant just inherited from
No sell available?
Started: watsonwatson, 19 May 2021 18:02
Last post: RyeSloan, 1 Jun 2021 09:37
That will be the Tricoya plant with Petronas. No formal agreement yet with them sadly but hopefully that will be next once the Eastman US JV gets through financial close.
Hello. This link mentions possible board manufacturing plant in Asia. I wonder if they will export to China.
https://www.omroepgelderland.nl/nieuws/7031713/Dit-Gelderse-bedrijf-maakt-bijzonder-hout-voor-de-hele-wereld
The fact that AXS have ignored completely the China news suggests to me that no matter what happens there it’s not material enough for an RNS.
A look at the annual report also suggests they are not interested in showing this region as a contributor in any way, shape or form.
And while it’s all a bit odd for them to say absolutely nothing about developments that, after all, still involve their licensed product I take comfort from the fact that the rest of the world is proving to be more than lucrative for accoya and tricoya.
Thanks for responding. I didn't think Accsys were going to profit much from China. I hope I have grasped the wrong end of the acetylated stick and AXS has good earnings potential from this area. I have been in this one for a very long time.
CBM only talks about Accoya and its licensing partner Titan Wood (a wholly owned AXS company)
So it appears they only have a license for accoya.
AXS has a holding of 500,000 CDM shares but carries these at nil value as CDM itself appears to have zero cash and is only partaking in its JV via loans. It also seems to have many millions (66.6m possibly) of shares in issue so the CDM holding (originally costing £10m as Diamond Wood) is worthless in any real sense.
CDM (previously Diamond Wood) clearly has the rights to accoya in China and other Far East countries (Thailand etc.) but quite what those may be worth in royalties is unclear (so probably very little). What is clear is that somehow AXS managed to lose £10m and give the accoya rights to that region away both at the same time.
Started: watsonwatson, 13 May 2021 15:24
Last post: watsonwatson, 13 May 2021 15:24
Does anybody have a clue as to Accsys potential earning {if any} from CBM sales?
Started: NurseRatched, 12 May 2021 09:43
Last post: NurseRatched, 12 May 2021 09:43
Announced today, sounds promising...
Cleantech Building Materials plc
5000 REFERENCE PROJECTS INSTALLED WITH ACCOYA ® WOOD IN CHINA AND ASIA
Cleantech Building Materials PLC (“CBM” or the “Company” or the “Group”) announces that last week it was revealed that Rome’s iconic Colosseum will be installing a new high-tech floor using Accoya® Wood to give visitors an idea of how the ancient Italian structure looked when gladiators fought there. Accoya® Wood was selected due to its light weight, sustainability credentials, and its ability to withstand outdoor elements for over 50 years.
This week Accoya® Wood enjoyed another milestone, having achieved 5000 installations across China and Asia. These projects include famous sites such as Hong Kong Disneyland and the Shanghai Bund riverside promenade.
One of the recent projects in China is the “Please be Seated” art pieces created by London’s Paul ****sedge Studio and Swire Properties. Fabricated from 1,440 planks of sustainably sourced Accoya® Wood, this 15.2 metre-long installation features ‘waves’ of wood rising to form arches for people to walk through, and curves under to create space for people to sit, lie and relax. The "Please Be Seated" exhibition in China may be seen in the attached photo.
On 31 March 2021, CBM announced the signing of a joint venture agreement with Nantong Acetic Acid Company to build the first Accoya® factory in Asia. The Group aims to have the first supply of China-produced Accoya® available for manufacturers of wood products and construction firms by early 2023. The Group’s joint venture factory will initially produce 40,000 m3 of Accoya® Wood, and the large land area where the factory is being built is capable of expanding up to 480,000 m3 of annual production.
Accoya®-branded wooden products – such as windows, doors, decking and siding – are enjoying widespread acceptance in the European and US markets, as well as in China and Asia, and it is expected that the Group’s Asian manufacturer clients will be increasingly asked to fulfill that demand.
THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
Started: RyeSloan, 6 May 2021 09:52
Last post: RyeSloan, 6 May 2021 09:52
Excellent news on the US JV and finding organised at a v.small discount.
The expansion plans are slow but steady so this stays in the portfolio long term for healthy but probably gradual reward.
Started: DarfPhart, 8 Dec 2020 18:02
Last post: Qd22, 6 Apr 2021 17:53
Of course with a licence there should be some income....
Apologies for the formatting. It only came out once posted.
I meant to put this up as a new thread, title "What do you think, peoples?" Somehow didn't work.
Anyway this is a concern to me, though we have some time. But, boy, did they mess up the licencing. Glad to be corrected. Very!
Thank you sbury, that's useful about Cleantech.
From what I can see Cleantech has been set up to be the new Diamond Wood??? CEO is almost certainly Chinese. HQ is just 1.5 miles from Accsys, but strangely/murkily it is listed on some unheard of European market: "Cleantech Building Materials Plc acquired Diamond Wood China Limited on 23 December 2016 and on the same day completed its listing on Nasdaq First North, Copenhagen."
A week ago, 31st March, they released this in an RNS: "Cleantech Building Materials PLC (“CBM” or the “Company”) is pleased
to announce the signing of a comprehensive Joint Venture agreement to build
the first Accoya(®) Wood factory in China (the “Agreement”). Under the
terms of the Agreement, a new joint venture company (the “Joint Venture
Company”) will be immediately formed between CBM’s subsidiary, Diamond
Wood China Limited (“Diamond Wood”) and Nantong Acetic Acid Chemical
Company Ltd (“NTAAC”), an international Chinese chemical group, to
construct an Accoya(®) Wood factory with an initial design capacity of
160,000 m(3) and ultimate target annual capacity of 480,000 m(3). The initial
financing is for circa €48,000,000 as set out below.
Under the terms of the Agreement, Diamond Wood and NTAAC have agreed specific
factory-related milestones and equity contributions by each party. Diamond
Wood will contribute €11.2m of equity for a 51% majority shareholding of the
Joint Venture Company with the additional right to receive a royalty income up
to €180,000,000. This equity contribution will be made utilising the
Company’s investment agreement with a private family office which was
announced in July 2019. NTAAC will contribute €10.8m of equity for a 49%
shareholding. Debt financing has been agreed with a leading Chinese bank for
the remaining €26m. The China-based Accoya(®) Wood factory is expected to
be producing its first Accoya(®) Wood at the end of 2022, with sales volume
ramping up in 2023.
Diamond Wood has the exclusive license to produce and market up to 750,000
m(3) annually of Accoya(®) Wood in the Greater China Region from Accsys
Technologies plc (“Accsys”), with a right to sell into other Asian
markets. Accoya(®) Wood supply is currently only available from Accsys’
Titan Wood factory in Arnhem, Netherlands, and is primarily sold as a premium
building material to small construction projects. The new Diamond Wood-NTAAC
Joint Venture plans to industrialise the production of Accoya(®) Wood on a
large scale. By leveraging significantly lower costs in chemical, wood, energy
and other key inputs, the planned China Joint Venture Company will supply
Accoya(®) Wood to high-volume wood-product manufacturers in China and Asia,
which dominate global markets in windows, doors, flooring and outdoor
furniture."
Just read your 27th post. Diamond Wood sold to Cleantech Building Materials plc on Nasdaq North Copenhagen. Look at last interims for 2020 strategy. Agree with your comments re scewups but look who was chairman! The only man to run out of wood when his business was wood acetylation and had the company on on product allocation of product for year plus. He was always coming from behind just like his brother in the LibDems. New management performing well so far
See my long post 27th Oct, I was really concerned in 2015 that they had made a giant mess up with licences, worldwide. Still may be the case.
Started: RyeSloan, 18 Dec 2020 09:58
Last post: RyeSloan, 18 Dec 2020 09:58
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!!
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%?