Accsys Technologies – “trading update”, operational and financial troubles remain?
By Steve Moore | Monday 12 September 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Sustainable wood company Accsys Technologies (AXS) has issued a trading update commencing “continuing strong demand… the introduction of an Energy Price Premium to sales prices from May 2022 continues to help the group manage the cost impact of volatile and elevated gas prices in Europe”. So what of a share price on the back of it currently more than 12% lower at 78p, though still an above £161 million market cap?
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