Accsys Technologies (AXS)

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Accsys Technologies AXS Logo

The chemical technology group, focused on the acetylation of wood.

22-Nov-2017 – 81.75p – £88.5m – PER n/a

Interim Results For The 6 Months To End September 2017 – An in-line set of results.

Growing Revenues but the Profit is still lagging (or lacking, whichever you want). Seems to have enough Cash to see it through to profitability – But even the 2019 forecast (on Revenue of £74.1m) is forecast as just £2m. Still not for me.

20-Nov-2018 – 104.5p – £123.2m – PER n/a

Interim Results For The 6 Months To End September 2018 – Revenue up 10% or so and still making a loss.

Still continues to grow Revenue but the Profit is still lagging (or lacking, whichever you want). Seems to have enough Cash to see it through to profitability – But even the 2019 (Profit) forecast (on Revenue of £74.1m) is forecast as just £2m. Still not for me.

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