Accesso Technology Share Discussion Threads

[spud] 21/2/2017 09:32

Yup - My posts of 1894 & 1896 underpin my thoughts on this years highs.spud

[rivaldo] 21/2/2017 09:29

Yep - and approaching another £300,000 of purchases today (not a single sell).

Very keen buying indeed.

[itchycrack] 21/2/2017 09:06

The next breakout should take us past the £20 mark IMO.

[janeann] 20/2/2017 16:30

and another 13k just bought by someone!

[rivaldo] 20/2/2017 15:47

Yep, approaching £200,000 of net buys today. Is the chart now due for a further upturn following the trend?

[janeann] 20/2/2017 12:10

Someone is buying these today and its not your average PI; wonder who is selling some?

[panic investor] 17/2/2017 10:31

Sounds like they're going for the football market too - already in Mexico Premier League

[panic investor] 17/2/2017 10:30

Prism is by the sounds of it going into a new large customer this year - 30 mins in

[panic investor] 17/2/2017 10:24

Who was the SALE for ?

[shanklin] 16/2/2017 14:32

Particularly interesting from 22 mins 6 second onwards, especially the first anecdote from this point.

[spud] 16/2/2017 14:31

Great presentation. One day i'll have to get my lazy @rse down to London and attend.

spud

[shanklin] 16/2/2017 14:01

Also here...

[carcosa] 16/2/2017 12:44

Accesso (ASCO) at ShareSoc Richmond 7th February 2017

[rivaldo] 08/2/2017 22:56

The Saudi sovereign wealth fund is looking at taking a stake in Six Flags, and in particular:

"Six Flags has $1.3 billion in revenue and 18 parks across the U.S., Mexico and Canada, according to its website. It’s looking at potential park locations in Saudi Arabia including Riyadh, Jeddah and Red Sea resort, Chairman James Reid-Anderson said in November."

[spud] 08/2/2017 14:05

Amended link:



spud

[rivaldo] 08/2/2017 12:29

Hi Alphabeta4, many thx for the summary. I was the one who arrived late due to traffic, and then disappeared before the meal as things are a bit busy at present, so we probably couldn't have said hi anyway!

As usual TB was extremely impressive, and the stress on the high customer retention, security of revenues going forward 5 years, lead over competitors was encouraging.

TB confirmed to me re Prism that ACSO would be looking for a chunk of revenues from all sources, i.e food as well as ticketing etc, and obviously this would apply to EVERYONE visiting the park as opposed to the old QBot revenue model.

FYI there's a new 7 minute interview with TB here. Interesting that he again highlights the cruise industry as being a specific target for ACSO, whereas other "guest resort" sectors he's more reticent about. I wonder whether we might get news about this sooner rather than later?

He also notes the "strong sales order pipeline" across all divisions and good start to 2017:

http ://www.proactiveinvestors.co.uk/companies/stocktube/6867/accesso-sees-good-progress-across-all-divisions-says-executive-chairman-6867.html

[spud] 08/2/2017 11:25

Thank you for your feedback.

spud

Edit: At the current growth rate and allowing a little fudge factor, i'd say that Tom has earmarked 2020 for his leaving do.

[alphabeta4] 08/2/2017 10:09

Hi Rivaldo, apologies, didn't pick up on your comment in time otherwise I would have tried to say hello!

I understand a presentation is due to go up the Sharesoc site today but my brief takeaways were:

1. They're not at half way through Merlin roll out yet so plenty to go there still.

2. They now have 1100 venues and 100 to install (so gives some decent revenue visibility).

3. I queried whether the 'accelerated investment to support business growth and growth opportunities in geographies outside its traditional markets' was linked to Merlin opening an Asian office, he said this was a key bit of why they have done this. Separately he mentioned a Taiwan office was due soon.

4. On acquisition plans he 'expects to buy more stuff'. One part of this could be linked to simplifying certain ticketing structures for operators.

5. When I spoke to him separately I asked part of the reason from pulling back from the CEO position was to reduce the number of flights he undertakes to improve his quality of life as when I'd previously seen him he'd done something like 27 in 21 days. He said yes this was a key part and that he had reduced to something like 180 in the past 12 months. IMO this has helped keep him for longer and marries with him saying during the presentation he still is targeting a $1bn market cap then 'plans to disappear'. At $1.25 to the pound that would be c£36 so hopefully we'll hold on to him for a bit longer yet.

I'll leave it there as I'm sure the presentation will give a better overview than my notes ever could but I was left with the impression that despite the current PE there is still a lot to go for here and now feel more confident around there still being upside from the current share price.

[rivaldo] 06/2/2017 23:12

Broker comment from Cantor Fitzgerald, who have a 1750p target (Alphabeta4, hopefully see you there!):

Http ://www.proactiveinvestors.co.uk/companies/news/172690/accesso-s-profits-to-beat-forecasts-2017-starts-well-172690.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-362056-PROACTIVITY+-+Aminex%2C+Solo+Oil+and+Ithaca+Energy+in+the+spotlight

Extract:

"Revenues in 2016 will be in line with market forecasts. Broker Cantor Fitzgerald is predicting revenues of US$102mln and operating profit to exceed slightly its current US$14.7m profit forecast.

The broker added that the second half growth slowed a little due to the weather being too hot after an exceptionally strong first six months but with a number of big events this year the outlook remains bright.

The contract with theme part operator Merlin starts to ramp up, while Universal’s Volcano Bay water park opens in May and will showpiece accesso’s queueless technology.

Buy with a 1,750p price target is the broker's view. Shares rose 35p to1,580p."

[alphabeta4] 06/2/2017 16:41

I'm going to the Richmond presentation tomorrow - any of you coming?
Rivaldo - I have the weighted pipeline question on my list :)

[from8to800] 06/2/2017 15:28

A big reversal through the day... would have preferred a big 'open at low close at the high' type of day.

[rivaldo] 06/2/2017 15:21

N+1 Singer have increased their price target to 1683p today, stating Hold whilst conservatively increasing EBITDA forecasts by 2%-3%.

Interestingly, this is "pending crystallisation of some of the larger deals in the pipeline".

[luckymouse] 06/2/2017 09:19

Might be a breakout

[spud] 06/2/2017 08:54

Excellent! Boringly consistent in delivering growth ahead of expectation to shareholders.

spud