Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1,645.00p 1,640.00p 1,660.00p 1,650.00p 1,640.00p 1,645.00p 24,072 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 83.0 8.2 27.5 62.8 367.83

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22/7/201710:56accesso Technology Group - Queuing growth for the future2,289

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Accesso Technology Daily Update: Accesso Technology Group is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 1,645p.
Accesso Technology Group has a 4 week average price of 1,630p and a 12 week average price of 1,630p.
The 1 year high share price is 2,035p while the 1 year low share price is currently 1,275p.
There are currently 22,360,480 shares in issue and the average daily traded volume is 43,075 shares. The market capitalisation of Accesso Technology Group is £367,829,896.
aimingupward2: Coo! There's confidence! Well, not me. An institution, surely, given that the purchase tops £3m. I'm amazed, too, that 16,000 shares could be bought without, apparently, any impact on the share price.
rivaldo: That's a fantastic find by 1001011. So now we have confirmation that: (1) Tapu Tapu is definitely ACSO's Prism device, and (2) "Universal plans to roll out the technology to its other theme parks." Just great news, and this should provide the fuel for the next leg up in the share price. Hopefully soon ACSO will be able to RNS the launch of the Tapu Tapu device at Volcano Bay, along with suitably positive comments from Universal, and then later we should get a global roll-out announcement similar to Merlin's.
rivaldo: Terrific results today, well ahead of expectations: Http:// Around 42p EPS is some 17% ahead of 36p EPS forecasts....and £12.7m PBT is also way ahead of £11.7m forecasts. The outlook is great, with specific mention already of confidence in meeting expectations this year and a load of contract wins, though this investment phase will temporarily affect margins. The first Prism roll-out in the water park should be detailed further via RNS in the next month or two I'd have thought. The Merlin roll-out is progressing smoothly and all legs of the business seem to be going gangbusters. It's just a great, well-run business with excellent global prospects.
alphabeta4: 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: Amati VCT2 released their interims on 30th September, and had this to say re ACSO which says it all: "The best performer over the period was Accesso Technology Group ("Accesso"), a business with which long-standing shareholders will be familiar. The shares ended the period 70% higher following a strong start to 2016 with good organic growth across all divisions and eighteen new contract wins, including deals for Accesso Passport, the group's hosted ticketing ecommerce solution, with the Henry Ford Museum in Michigan and the Pacific Science Centre in Seattle. In addition to these new client wins, Passport continues to be rolled-out across Merlin Entertainment's global estate. With over 90% of revenues billed in US Dollars from North American customers, the attractions of Accesso have been enhanced by the post-Brexit sterling weakness. As this is a very significant position in the portfolio (10.7%), movements in the share price will tend to dwarf the impact of other stocks. However, we are reluctant to reduce our exposure yet, as we still see good opportunities ahead for the business, and it would be hard to find a new investment in something as attractive."
rivaldo: Article not posted here before: Http :// Extract: "WHAT THE BROKERS SAID After the half-year results, Peel Hunt predicted analysts’ full-year forecasts would nudge up. The broker noted that the second half of last year chipped in with two-thirds of annual revenues, so if that pattern is repeated accesso is on course for full-year revenue of around US$115mln, well ahead of Peel Hunt’s forecast of US$101mln. The stock has been one of the best performers on the market over the last 18 months, pushing the rating to a heady 38 times projected earnings per share for 2017. “However, we believe that the current rating is only factoring in some of the likely upside to our and market estimates and that the shares remain very attractive, with the company being one of the best positioned technology companies in the UK, in our view,” the broker said. The broker has a target price of 2,100p. The group’s house broker, Numis Securities, was caught on the hop by the strong performance, which was much better than it expected, though it did caution against reading too much into that, because of the seasonal nature of the sector accesso operates in. “Notwithstanding this, we think H1's strength gives a good cushion against the July/August weakness that management indicate some customers suffered due to extreme hot weather in the US,” the broker said. It is leaving its full-year forecasts unchanged, expressing confidence that the group is strong enough to withstand a weaker summer. “R&D [research & development] acceleration is a key theme in the numbers; we speculate that such investment implies an increasing pipeline of material new opportunities. The R&D acceleration impacts our near term forecasts on a Numis basis, although has limited longer-term effect. However, our analysis indicates that very broadly, a material additional contract could be worth c.£3-4 on the share price and we think it reasonable to reflect this into our valuation on a 2019 view thus our TP [target price] increases to 1700p from 1270p,” the broker said."
rivaldo: Cheers dnair28 - here's what the article says: "Another stock that many investment experts like is theme park ticketing and queuing technology specialist Accesso (ACSO:AIM), a company we’ve highlighted for years. We first wrote about the company’s potential in September 2009 when it traded at 63.5p under the name of Lo-Q. It has since increased by 2,512% in value! Despite this stellar share price performance, analysts still see further upside. ‘It is really well positioned,’ states Peel Hunt’s Amin. Accesso is also expanding to dominate online event and leisure ticketing, comments Daniel at FinnCap."
rivaldo: Fantastic progress over the last couple of weeks - here's the new Shares Magazine article FYI: "THERE’S NO DOUBT that Accesso Technology (ACSO:AIM) has matured considerably over the past couple of years from a potentially exciting growth company into the real thing, and it comes as no surprise that increasing numbers of investors are gravitating to it. A past Play of the Week in February 2015 at 556.5p, the share price has soared more than 150% since, and it’s not difficult to see why. Surrey-based firm formerly called Lo-Q has developed a best-in-class, cloud-based queuebeating technology platform that adds to the experience of attraction visitors, via ticketing, queue-beating and pre-booking, for example, freeing up time that usually encourages more cash spent on site. Attractions owners love that last bit. Which translates into a steady stream of contracts for its wristband or smartphone app-based technology. A landmark seven-year agreement to integrate its system right across the 100-plus attraction portfolio of Merlin Entertainments (MERL) caught the eye of investors back in July last year, including Alton Towers, Thorpe Park and various Legoland sites. That success was followed up in February with a contract renewal with Six Flags (SIX:NYSE), an existing customer, that will see Accesso provide ticketing and queuing technology right through until 2025 across the company’s 18-strong attraction estate. Accesso has even bigger plans. Envisaging an ‘experience starts with the ticket’ strategy, the company sees scope to bolt-in travel arrangements and overnight stays, for example, and we can see potential for partnerships with organisations like Uber, airlines, even Airbnb. Deeper moves into sports events are also planned. Revenues have consistently growth at 25% to 30% over the past five years while pre-tax profits have close on doubled since 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) has trebled to £9.85 million. That puts the 30 December 2016 price to earnings (PE) multiple of 41.6 into perspective, falling to 34.5 in 2017. Don’t expect future share price progress to match the past, but there seems every reason to be confident of more exciting returns, both in the near-term, and the long-run."
rivaldo: :o)) More detail on that upgrade to 1600p.... http :// "Magic lies beyond Merlin for Accesso, says Peel Hunt 12:49 07 Jun 2016 Broker Peel Hunt provides a comprehensive look at accesso today Expanding virtual queue firm Accesso Technology Group PLC (LON:ACSO) is handed a bullish ticket today from broker Peel Hunt, which has pumped up its target price on the stock to 1,600p from 1,280p (current price: 1,308p). The broker reckons the current share price only factors in upside potential from its deal with entertainment giant Merlin Entertainments PLC (LON:MERL) but there are many others opportunities which give cause for optimism. These provide upside of up to $17.2mln in 2017, or a 16% increase to revenue, which in turn would equate to earnings upside of up to 60%, the broker reckons. Global theme park market of 1bn visitors Major among these is that the potential global theme park market is 1bn visitors per year and if accesso was to work with all the operators with whom it does not yet have a relationship, excluding Disney, this would be a nine-fold increase in its reach, notes analyst Paraag Amin. "We conservatively estimate a 5% revenue uplift in 2017 and 7.5% in 2018, as we anticipate accesso will gain share as its solutions become increasingly desired by smaller operators and new, larger parks come online," said the analyst. Accesso's technology allows visitors at theme parks to step out of line and be told when their chosen ride or attraction is ready. Its main product is called LoQueue, which has been widely adopted. It also owns the accesso Passport ticketing suite, where customers can shop OnSite. OnLine, while Siriusware is another of its ticketing and admissions systems. Another factor the broker foresees as becoming the norm is "fully automated queue free theme parks in the future". On that basis, it estimates a 1% revenue uplift in 2017 and 2% in 2018, as "we anticipate queue-less theme parks (or at least a virtual queueing solution for the most popular attractions in parks) to be introduced in 2017". In addition, Amin reckons that around half of accesso’s current parks are relatively mature, namely that queue management (QM) is a relatively new product, generating around 70% of revenue, whilst the remainder are still maturing. "If these immature parks build up to the same eventual level as the mature parks, accesso could see up to a 30% revenue uplift," he said. The analyst added that the group's current customers using QM in at least one venue serve over 100mln visitors per year, so the group could see close to a three-fold increase in QM revenue by rolling it out in all the remaining parks Rapid uptake of smartphones On the ticketing side of the business, the broker notes with the rapid uptake of new smartphones, there is an increasing desire from consumers for better, time saving mobile services, such as digital ticketing and payment. "We believe this trend extends beyond simple ticket purchasing and download to in-park services. Therefore, accesso is well positioned to provide a comprehensive solution for the entire guest journey," says Amin. In July last year, Accesso revealed an exclusive long term agreement with Alton Towers owner Merlin, whose brands include LEGOLAND, to provide onsite ticketing and eCommerce across the global estate. The initial contract was for seven years and included the installation and deployment of the hosted accesso Passport ticketing solutions. Peel Hunt assumes a roll-out of queue management in 70% of Merlin parks over the next three years, with a 4.5% take-up rate, and 4% annual price increases. On ticketing, it assume 40% of Merlin’s ticket sales are online or on mobile. Its blue sky assumes a 7% take-up rate of QM and 60% digital bookings, it says. Peel Hunt repeats a 'buy' Peel Hunt repeats a 'buy' and says accesso is one of the best positioned technology companies in the UK."
helpaargh: From Donnie Powell "The Post" April 28th 2016 The stock of Accesso Technology Group PLC (LON:ACSO) reached all time high today, Apr, 29 and still has GBX 2363.18 target or 114.00% above today’s GBX 1104.29 share price. This indicates more upside for the GBX 244.86 million company. This technical setup was reported by If the GBX 2363.18 PT is reached, the company will be worth GBX 279.14 million more. Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.49% or GBX 26.79 on April 28, hitting GBX 1104.29. About 116,749 shares traded hands. Accesso Technology Group PLC (LON:ACSO) has risen 39.26% since September 25, 2015 and is uptrending. It has outperformed by 31.41% the S&P500. Out of 3 analysts covering Accesso Technology Group (LON:ACSO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Accesso Technology Group has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. accesso Technology Group, plc is a United Kingdom firm engaged in the development and application of ticketing, mobile and e-commerce technologies and virtual queuing solutions for the attractions and leisure industry. The company has a market cap of 244.86 million GBP.
Accesso Technology share price data is direct from the London Stock Exchange
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