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ACSO Accesso Technology Group Plc

614.00
-4.00 (-0.65%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -0.65% 614.00 28,215 16:35:24
Bid Price Offer Price High Price Low Price Open Price
612.00 618.00 616.00 616.00 616.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design USD 139.73M USD 10.06M USD 0.2395 25.72 258.68M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 UT 3,843 614.00 GBX

Accesso Technology (ACSO) Latest News

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Accesso Technology Forums and Chat

Date Time Title Posts
19/4/202414:24accesso Technology Group - Queuing growth for the future5,395

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Accesso Technology (ACSO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:24614.003,84323,596.02UT
15:10:16614.004923,020.88O
14:41:33614.9217104.54O
14:38:50614.494062,494.85O
14:11:44613.002291,403.77O

Accesso Technology (ACSO) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Accesso Technology Daily Update
Accesso Technology Group Plc is listed in the Cmp Integrated Sys Design sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 618p.
Accesso Technology currently has 41,993,464 shares in issue. The market capitalisation of Accesso Technology is £258,679,738.
Accesso Technology has a price to earnings ratio (PE ratio) of 25.72.
This morning ACSO shares opened at 616p
Posted at 18/4/2024 10:31 by smithie6
WJCC

do the acquisitions provide an increase to the profit for '24 ?

cost ~50m$, so one hopes so.

-----

ski resort software acquisition.
tiny turnover & profit is even smaller, so forget that one in '24 imo
cost was ~10m$

VGS acquisition, cost ~38m$ nett, expected to produce 4m$ pbt, (about 10% return pbt, if 3.2m$ pat, 8.4% return, so that should increase the ACSO profit.....but perhaps not very much due to the interest cost on the debt to fund the deal. Strategically it looks like a good deal.
(only has 33 employees !!!)

-----

will any existing ACSO software or goodwill be written off due to any of these acquisitions, if acquired software replaces ACSO software, or vice versa ?
Posted at 17/4/2024 20:32 by smithie6
FCF. 17m$
Hmmmmm

Would need to look at the numbers.
Can easily get confusing with adjusted EBITDA (2,4,7) sorry, ACSO (ex-LoQuo) label it "cash EBITDA"...
...(The only listed company imo that uses such a term).
(Many of us who are getting old, will recall the accounting 'problems'/intriques that LoQuo had......and Globo and....
..we are perhaps a bit cautious about triple adjusted numbers....sure it is subjective, but in many businesses there are one-off negatives every year (& some positives) which arguably should be considered on-going & a normal price of being
In business)


....I remember when people used to use eps ...
;-)
----

But yes, FCF is valid, just needs a bit more concentrating to work out a number one has confidence in.
Posted at 17/4/2024 17:42 by smithie6
PBT 9m$. (PAT ~8m$)

Money spent on buying shares for the employee share option plans
4m$

& 2.2m$ for shares bought back & cancelled, a benefit for shareholders.

So, 1/2 of the PAT was spent buying shares for employees !

The cost of share benefits for employees, 4m$, was about double the cost of share benefits to the owners of the company (the shareholders). The shareholders have invested a lot of money to get the company where it is now, with the employees as well. Current cap. value is ~£260m. The employees didn't invest any money to get the co. to this stage & they have been paid every month & one assumes other stuff is paid like social security,/Medicare & some pension payments (or in USA-Canada perhaps they don't get that).

Dividend to shareholders. 0.

Interesting.

-----

Normal cost of share payment to employees is 2.5m$/year, every year.
Costing ~4.8p/share for each share. (Higher at 7.7p/share for 2023)
Posted at 16/4/2024 13:48 by rivaldo
Peel Hunt say Buy - their last target price was 1,035p, but the article doesn't say if this has been increased:



"accesso operating in a 'structurally growing industry', says broker
Published: 12:57 16 Apr 2024

Accesso, the ticketing and virtual queuing specialist, trades at a discount to both US SaaS and UK SaaS/IT services peers, says broker Peel Hunt, something that it sees as unwarranted.

Results for 2023 were ahead of indications while, since the end of the year, the company has culled its lower margin B2C distribution business.

Added to the removal of the legacy staffing issues, this will help give a step up to gross margins in the current year.

New client wins across the group have been encouraging while projects such as Saudi Entertainment Ventures (where ACSO is the key provider of ticketing and visitor management technology across 21 destinations) underpin assumptions that it is operating in a structurally growing industry supported by major investment into digitalisation and the tourism and entertainment markets.

“We believe actions made against lower-margin revenue streams help support the future profitability potential and improve the model quality.

While "We continue to see scale opportunities across multiple geographies and sectors.”

'Buy' is Peel Hunt’s investment view.

Shares rose 3% to 580p on a tough day generally in the market."
Posted at 16/4/2024 08:00 by deanowls
Is that bought in revenue and profit Riv?

Would like ACSO to become for me a bit shareholder focused, I get the investing for growth but shareholders have seen a decline in returns. Maybe it’s the London market?
Posted at 16/4/2024 07:33 by rivaldo
I'm impressed with the update.

EBITDA is ahead of expectations, and 37.5c adjusted EPS and presumably an increase for this year puts ACSO on a cheap rating compared to most of its sector comparators. And even more so when you strip out the $31.5m cash pile.

Most importantly the outlook is very confident. ACSO are guiding a minimum of $160m turnover (up from $149.5m), and a minimum $27.2m cash EBITDA, a lovely 15% up from last year's $23.6m.

The acquisitions have all performed well, and ACSO are global market leaders in a number of areas, incorporating machine learning, mobile solutions etc.

Unless I'm missing something it seems that ACSO are very much back on the up.
Posted at 27/3/2024 10:05 by aimingupward2
Let’s hope that this the start of a long build up in the share price. it really has been rather poor for quite a while for no really justifiable reason.
Posted at 01/3/2024 18:16 by bouleversee
Why do they want to remove more stock from the market? It hasn't increased the share price whereas paying a decent dividend would be more likely to do so. We don't buy shares to put huge amounts in directors' pockets. With rampant inflation and a fixed rate annuity taken out over20 years ago, I need income not losses from my investments.
Posted at 29/1/2024 12:26 by rivaldo
FYI per an article last week on Proactive, Shore Capital reiterated their Buy recommendation.

A couple of interesting points:

(1) Shore believe "“Even at a discount to UK peers, you can still double the current share price“ on a bid coming in for ACSO:

"Currently, the company is trading at a discount to its UK and US SaaS peers, which ShoreCap believes is unwarranted, while in the long term, it is operating in a structurally growing market with an increasing number of visitors and demand for digitalisation.

“The group helps its customers gain a greater share of visitors' wallets as well as improve overall efficiency and ultimately if not valued by the market, we believe these characteristics could also make [Accesso] a bid target.

“Even at a discount to UK peers, you can still double the current share price.“

'Buy' is the recommendation."

(2) Shore "is forecasting underlying cash profits of US$23 million for the 12 months" (today's £148.5m revenues were slightly behind Shore's $151m forecast, but margins must have been rather better than expected since ACSO traded in line with EBITDA expectations).
Posted at 26/1/2024 11:57 by spud
Just keeping a watching brief here as I was once invested.

So, since the buyback commenced, the share price has sunk 17.5%.

Once again, a buyback, or as the Institutions like to coin it, a return of capital to shareholders, has depreciated your wealth by nearly 20%.

Why? Because every time the Company purchase shares, there's an Institution who will sell that volume of shares and more.

spud
Accesso Technology share price data is direct from the London Stock Exchange

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