Member Info for Qd22

Thank you SlowLearner. Not slow at all I think. I was beginning to think I was alone in the dark. Helpful info. I bought too much of this some time back in view of the cash balance and the market cap and then saw it halve, but it does look like they have done a competent job of weathering the storm, which is encouraging. Will hold. Learning point for me: stop losses! Or steer clear of individual companies. I find it easier to choose competent trust managers than to understand company accounts.

Is the share price rising because the north american rig count is rising?

This in view of the fall of the £, hence overseas earnings will count for more, and sales are likely to get a similar boost???

Down 8% today, nearly 13% since the vote. BUT..."Overseas sales up 20% to £2.9m (2014: £2.4m), representing 36% of total sales" - this from the February report. Granted it's a small company, but with overseas sales shooting, and maybe even more if licensing works out in the US (why should it not?) I would have thought this is a buying opportunity. Any thoughts??

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.

Ooops!

Thanks a lot, BS76. That's helpful. So if ET owns a large percentage???

Thanks a lot, BS76. That's helpful. So if ET owns a large percentage???

Thanks a lot, BS76. That's helpful. So if ET owns a large percentage???

Good call. Is this massive bounce today on any actual news? Annoying, I was thinking of topping up today! And can anyone tell me, how does it work if they take it private?