Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry there was one in May so no wiser.
Last on on 12/02/14. Not sure. Would be nice.
Yes they will have t get back into bed with them but keep their clothes on.
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.
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.
I agree. They need the new factory to achive economies of scale in order to bring the price down to be more copmpetitive. This has been touched on in their recent RNS (new factory). Initial demand though appears good and so hopefully this will give them the confidence to invest ( or partner) in a new factory. I concur that while I am sitting on a nice profit I also want some more news before I put any more money in.
I am in agreement with you. I suspect the next 12 months will be key. 1 Diamond Wood arbitration is put to bed in AXS favour 2 AXS starts to show a profit 3 New plant agreed and works commenced. I have a sneaking suspecion the recent License deal covering the USA will be key especially as there is no competitor and the Americans build with a hell of a lot with Wood. I also think that the DW problem is stopping many other II and PI's from buying more shares. However while I predicted that this should be sorted out by the end of the year I do not have anything to back that up. £750000 worth of legal fees is very high but then again so are the stakes. I understand the Arbitartion process but not sure for example who the Arbitartor will be etc. No doubt this is a complex case and the respective lawyers will love it for the fees.
Rye, No real surprise in any of the figuers which I have just briefly read. Noted no provsions made should they lose the Arbitration. Either confident or presume that any provision may be read as some form of guilt. The note 28 states that legal advise was taken before the contract was terminated. Q1 2015 looks likely for operating profit. Onwards and upwards. Good share to tuck away and add to occasionally. I will study the figuers more closely over the next few days and suspect the SP to rise to E 0.25 and hold.
Rye, Look forward to reviewing their figures with you. In regards to the litigation which is an Arbitration case I would be surprised if that is not concluded by the year end. I may be wrong but the £150m claim included loss of profits. I do not beleive that this element can be claimed under Arbitartion rules as it should only cover actual losses. Also in reading a few articles some time ago the party in Hong Kong was a former employee who just could not sort out the construction of a factory and was indeed helped by AXS financially until they pulled the plug. It is interesting that the aggrieved party has chosen to go down the Arbitration route and not the Courts. If the AXS BOD felt their case was weak then doors would have opened to sort this out. No doubt the original contract was say not as watertight as it should have been and some grey areas ( not uncommon in legal contracts) have allowed the party to make the claim. However and again it is my gut feeling that the party making the claim will not succeed. Hope I am right.
Just topped up. Gut feeling that the recent announcements concerning new contacts deals coupled with increased income will give the SP a good spurt. I do not see this share becoming £1 overnight but do believe it will increase annually by 20%plus.. Cannot back that up yet until we see the figues and the earnings per share.Over the next 5 years as economies of scale bring the product price down I do see it becoming a game changer.
Dixons Retail PLC (LON:DXNS)‘s stock had its “buy” rating restated by Cantor Fitzgerald Europe in a research note issued on Thursday, American Banking and Market News reports. They currently have a GBX 60 ($1.01) price objective on the stock. Cantor Fitzgerald Europe‘s price target points to a potential upside of 17.88% from the stock’s previous close. A number of other firms have also recently commented on DXNS. Analysts at Bank of America reiterated a “buy” rating on shares of Dixons Retail PLC in a research note on Monday. They now have a GBX 58 ($0.98) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “buy” rating on shares of Dixons Retail PLC in a research note on Wednesday, May 7th. They now have a GBX 56 ($0.94) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Dixons Retail PLC in a research note on Tuesday, February 25th. They now have a GBX 56 ($0.94) price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Dixons Retail PLC currently has an average rating of “Buy” and an average price target of GBX 52.42 ($0.88). Dixons Retail PLC (LON:DXNS) opened at 49.60 on Thursday. Dixons Retail PLC has a 52 week low of GBX 36.22 and a 52 week high of GBX 53.30. The stock has a 50-day moving average of GBX 47.63 and a 200-day moving average of GBX 48.41.
Keep topping up. It is not just the benefit of increased sales and thus revenue income but at the Arbitration decision should be announced over the next 6-9 months. Reading past info I believe AXS will win and this alone will remove a great weight from the Company and push the SP into new territory. I also believe the process is a game changer in the industry. It may take several years before its use becomes common place which is all about economies of scale and the price being costs efective against other alternative products, but it will happen.
Business section of the Times today reported that the merger will be announced this Thursday, as it has been leaked by both sides although sounded out a warning that it was a defensive measure to protect both Companies in markets which are difficult to grow. I see the SP rising but do not have a real feel by how much.
I concur bloody awful PR by the BOD but the RNS confirms that 1 director is filling his boots (or his children's)
Correct me if I am wrong but under AIM rules the Board have an obligation to issue an update at least every 6 months. Thus late June/July from the placement date. We will all just have to hang on in here. If the RNS is not forthcoming on Contracts etc/revenue then it will be time to cut and run.
Ouch!
Cannot argue but a company like Dixons must strive to maximise online selling . I am invested here and believe the SP will rise well above 50p
Just read that AO online electrical Company is going to come to market. They will give Dixons a run for their money. IMO Dixons SP will increase but especially in terms of white goods they will come under increasing pressure as retailers who are only online have much cheaper overheads.
Had a look at an article issued last December about the Litigation which did suggest that it could go on for a long time and cost a fair bundle in legal fees. It would appear AXS tried to help DW but after a few years got fed up with empty promises. The matter is going to Arbitration and hence should be a shorter route to court action and thus save legal fees with the arbitrator's decision being final . Any claim would have to relate to the contract awarded to DW and thus IMO it may not have been written clearly . AXS have said they took legal opinion prior to ending the contract with DW based on no plant being opened within set time periods. If they lost it would be expensive looking at DW's claim but these IMO are often OTT. I suspect that if the lawyers on both sides believe their client has a strong position, once legal documents are exchanged, then a deal will be done. However in order to get to that position fees will be expended. The article stated that the only winners will be the lawyers. This is often the case. However I still believe that their process is a game changer and longer term could produce fantastic revenues. Hopefully an RNS will bring clarity to this action because at some stage the SP should fly.
The very useful article explains that there is a blackout on news which ends next week. Prospects look good and news of converting pilot projects into contracts looks high. The BOD are well connected to help push these through. Future growth and revenue looks promising although there is still a risk. However hold or buy some cheap shares and hold for at least 2 years IMO but DYOR,