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06/2/2020
13:35 | toffeeman: well the reduced cost of the acquisition hasn't moved the share price - so assume it's not such a good buy.....
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26/7/2018
21:30 | longshanks: Missed your post here toffeeman; this share is as quiet as the proverbial grave.I have followed for some time and have a small interest: the share price has drifted upwards so timing could be on for a Phoenix like revival.
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27/2/2017
17:19 | geminian: Anybody know if there is ever going to be an upward and improving share price and giving dividends, or is this going to be another one of these Jam tomorrow companies always finding a reason not to move forward?
have held these for a few years now and keep hearing everything is improving without any real corresponding evidence.
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26/11/2015
10:49 | michaelmouse: hTTp://michae1mouse.blogspot.co.uk/2015/11/todays-updates-and-share-purchase.html
Kestrel now own over 11%.
hTTp://uk.advfn.com/stock-market/london/access-intelligence-ACC/share-news/Access-Intelligence-PLC-Holdings-in-Company/69462034
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06/9/2015
09:02 | michaelmouse: I wouldn't like to guess exactly what's going on, but as I noted in my blog at the end of May:-
hTTp://michae1mouse.blogspot.co.uk/2015/05/intelligent-choices.html
"There was a small tick up in the share price on Friday and whilst share sales have left the share price unmoved in recent weeks, a small number of buys quickly moved the price upwards."
I may be wrong but there does appear to be a buyer in the background.
Michael.
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28/8/2015
14:26 | michaelmouse: Unfortunate timing in releasing what were very good and encouraging interims on Monday, although the share price hasn't moved one way or the other this week.
Alongside the notes in post 279, further highlights included:-
"AIMediaComms: The first half of 2015 has seen excellent growth in recurring revenues across all products and sectors, with strong new business wins underpinned by very high client retention rates." Post period end they also acquired certain assets of both Cision UK Limited and Vocus UK Limited.
"C&V are leading providers of Integrated Management Solutions ("IMS") in the UK market and currently support in excess of 1,500 SaaS customers on predominantly annual contracts across a wide range of industries. The Acquisition will provide Access Intelligence with a comprehensive database of global media contacts, including detailed information about new influencers in emerging digital media channels, transforming the proposition of Access Intelligence subsidiary AIMediaComms Limited ("AIMC") and creating an unrivalled portfolio of communications software and services for the UK IMS market."
"Due North: Due North continued to focus its efforts within the public sector with key new market wins in central government and education. The launch of the new product has been widely received by its enviable customer base who are currently in user acceptance testing and will migrate over the course of the second half of 2015. Feedback has been particularly strong around the improved user experience, rich functionality and reporting capabilities to assist them increase efficiencies at every level of local government."
"AITrackRecord: One month after launch (of it's new product), it secured its first FTSE 100 financial services client following a comprehensive analysis of competitors. Whilst increasing its momentum in its core market of financial services, new opportunities are beginning to arise in areas such as manufacturing, oil and gas and logistics due to the capability of the new platform. AITrackRecord looks forward to capitalising on the early success of the platform and growing pipeline in 2016."
"AIControlPoint: Diversification of market verticals has proven essential in 2015 given the downturn in the hydrocarbon industry and AIControlPoint has done well to land key new business with a major group of airports, as well as expanding its footprint within the airline and tour ops industries. The new product is expected to launch in the second half of 2015 and will provide a flexible and powerful solution, which will provide the Product Team with the agility to react quickly to what is an ever-evolving marketplace."
Well worth casting your eye over the full report in case you missed it on Monday.
Michael.
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30/7/2015
21:29 | hydrus: I don't disagree Michael. I can see the recurring revenues and reduction in R and D creating profits that would put this on a competitive rating. That might result in a reasonable uplift in the share price. However, in order to achieve a very good return for shareholders, ACC will need to grow the topline significantly and demonstrate their new upgraded products are selling well. Personally I'm only interested in the prospects of a very good return so will be watching here for signs of progress. They are at a critical point, clearly.
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29/5/2015
09:29 | longshanks: Thanks for that Michael - and all your other research.I bought in yesterday (managed to steal a few which were available at the bid price).I have to concur with you.Looks to me like they have now completed what has been a fairly long process of repackaging all their products. Investment requirements should now reduce substantially and cash flow and EBITDA should be in for a sustained upward trajectory.The management seem astute too - and focussed on what makes "shareholder value". I wouldn't be surprised if we see a trade sale of the business for a good multiple of the current share price within the next year or so because of the VCT involvement.The proposed acquisition doesn't look a natural fit to me. It is SaaS but it doesn't seem to fit with the Governance niche they have carved. Does it to you?
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16/7/2014
09:08 | davydoo: I don't hold these but some of the comments are laughable.
'to offset reduced professional services revenues due to staff being deployed on internal development projects'
Professional Services are sold (I used to sell them). Usually staff are deployed on internal projects as a result of no sales, rather than no sales because staff are deployed on internal projects.
'Cash balance as at 31 May 2014 £1.1m (H1 2013: £2.3m) reflecting sustained development spend in the half year'
So at this burn rate will there be any cash left at year end?
'Access Intelligence continues to drive long term shareholder...value'
So with no more dividends the share price is up then?...umm...no...
'the platform and scalability to continue to expand our reputation and position'
great, what about sales and profits though?
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13/8/2010
11:30 | howdlep: For people new to this bb, here is a review of recent news stories:-
http://www.cambridge-news.co.uk/Business/Michael-Jackson-will-take-Access-to-zenith.htm
Published: 10/08/2010 10:20 - Updated: 10/08/2010 10:23
Michael Jackson will take Access to zenith
Martin Flitton
When it comes to seeking out a potential growth stock, there are a number of fundamental points that need to be met for the right criteria.
Not only does there have to be a proven and experienced person at the helm, the business prospects need to be sound, too, along with the balance sheet.
While many fledgling stocks fall at the first hurdle, Access Intelligence may have what it takes to make the grade.
At just 4.5p per share and a market cap of a paltry £10m, Access is attractive for several reasons. Not least, it is headed by former Sage Software chairman Michael Jackson who, via his own venture capital vehicle Elderstreet, took a sizeable stake two years back.
The strategy has been, and remains, to build a significant software business for compliance. This takes clients on board in the pharma and biotech sector, along with financial services, business security and media.
And, boasting a sound balance sheet, Access, in Michael Jackson's hands, is making sound progress with the potential to become something of a growth star.
With a complement of six businesses now under the umbrella, sales have been steadily rising to last year's £6m, which delivered a pre-tax profit of half a million pounds. While that may not have buyers stampeding for the shares, it does suggest there is a potential and the firm has already delivered a pre-tax profit for the first half of 2010 of £470k.
With many of its services tailor-made to enable clients to meet strict industry regulation, Access has already carved out a decent mix of public and priva
te business; and while it supplies the NHS, Metropolitan Police and local government, it has reassured investors as it expects Government spending cuts to have little negative effect.
In fact, Access' recurring revenues have been increasing strongly in the last couple of years, despite the recession, and now make up 57% of all business.
With £2.4m in cash on the balance sheet, the company earlier this year shelled out £3m as part of a £5m acquisition of Cobent. This should make an excellent fit, enabling Access to further penetrate the North American market where Cobent serves a number of clients.
Although Access is currently a relatively niche operator, Michael Jackson appears to be making all the right moves. Although Access may not go on to emulate Sage, I wouldn't bet against it and at 4.5p each the shares are worth a punt.
9 August 2010
Extract from The SF T1PS Smaler Companies Growth Fund Newsletter for August, confirming that the fund have been buying ACC stock again:-
So how do we alter our strategy as we enter a new cycle of the market? Well we do not. As you know, our approach to investment never changes. We look to buy shares in good companies when the values are incredibly appealing and then wait. That can lead to short term underperformance as we do not claim to be able to spot the bottom in terms of sentiment. Anyone who makes that claim is, in our view, either a fool or a liar or a chartist or any combination of the above. So we have bought into value and now wait. When we have spare cash to invest we add to one of our existing holdings where we see the greatest untapped value and carry on waiting. So in recent weeks your fund has bought more Avisen (ex cash PE of 1) in a greedy way and has nibbled at ILX, Intandem, Northern Petroleum, Access Intelligence and one we cannot mention yet.
9 August 2010
T1PS members should read the weekend editorial, as that provides an indication of what may be about to follow re price sensitive news. This is of course follows on from the editorial of 1 August, which listed the top 14 buys in London. ACC was included in that list, and the article may be on free circulation very soon.
6 August 2010
The current Shares Magazine explains how investing in penny shares is risky but when you get them right you can easily double, treble, quaruple or even make ten times your original stake by netting those elusive 'ten baggers'. This week the Shares team unveils its top ten penny picks.
The filter:-
Share price 10p or less
Market value £20 million or under
Spread 20% or lower
Of the 228 AIM names upon which we focused our attentions, just 30 had earnings forecasts , even though first impressions told us some of them held out the prospect of healthy profits growth. Out of the 30 with publicly available earnings estimates, 17 are predicted to grow earnings per shares (EPS) this year by more than 30% and a good number of these names are among our ten picks.
These include Access Intelligence (ACC), market cap £10.8 million at mid price of 4.3p, with 2010 EPS growth of 48.3%. Spread 11.1%.
The microcap's acquisitve growth strategy is overseen by executive chairman Michael Jackson. Jackson's CV includes growing business software giant Sage (SGE) from a company with a market value of £23.8 million when floated he floated it in December 1989 to £2.9 billion when he left in August 2006. A work in progress, Access will focus on compliance software. Current offerings include e-procurement and Financial Services Authority compliance monitoring, as well as a market-leading media relations software product. Most recently the group acquired compliance software specialist Cobent. An internet delivery product, where users pay monthly, ensures low entry costs for users and steady income for Access which has 57% recurring revenues. July's half-yearly announcement saw an 83% rise in earnings per share, to 0.22p, as well as a net cash balance of £2.4 million. Whilst significant growth should come from the acquisition plans, increasing amounts of compliance and regulation should also ensure organic growth.
19 July 2010
Astaire Note dated 19 July:-
http://www.accessintelligence.com/downloads/AccessUpdateJuly10.pdf
Michael Jackson CNBC Interview dated 19 July 2010:-
Michael Jackson, Executive Chairman of Access Intelligence Plc appears on CNBC's 'Strictly Money' segment to discuss the impact of the proposed coalition spending cuts on UK businesses.
Driving cost efficiencies through aggregated purchasing software delivered via Software-as-a-Service negates the need for expensive upfront capex in order to drive long-term cost savings.
Due North, a subsidiary of Access Intelligence Plc, delivers procurement software into the Public and Private Sectors.
http://www.cnbc.com/id/15840232?video=1546961586&play=1
19 July 2010
Jackson eyes acquisitions, may pay dividend payment:-
http://proactiveinvestors.co.uk/companies/news/18998/access-intelligence-eyes-acquisitions-may-pay-dividend-18998.html
Former Sage boss Michael Jackson's new software venture, Access Intelligence (LON:ACC), is currently looking at two to three potential acquisition opportunities as it continues its expansion in the compliance sector.
Jackson told Proactiveinvestors the deals were likely to be in the £2 million to £3 million price range, though one is slightly larger, and could be funded by a mix of paper and cash.
"The market is fragmented," the Access chairman said.
Proactiveinvestors recommends
smartFOCUS' shift to Software as a Service pays dividends Allocate Software looks ideally positioned to benefit from NHS efficiency driveFinancial software specialist StatPro is a British firm to be proud of"I think there is a growing trend towards compliance and we like software services because of its dependable revenue. And there are quite a lot of companies out there we can acquire. There are some good bolt-on opportunities."
Access is one of a new breed of companies focusing on the software as a service, or SaaS sector, where programmes are pumped direct to desktops using the latest cloud computing.
Its last acquisition, the £5 million purchase of a firm called Cobent, is typical of the strategy under Jackson.
Cobent provides material used by the financial services and drugs industry to make sure firms are complying with the latest rules and regulations.
Jackson was speaking after the release of interim results, which revealed pre-tax profits grew by around 180 per cent to £470,000.
One feature of the figures was the cash generation of Access, which at 150 per cent of EBITDA was very strong.
"It is pretty unusual even in the technology sector to be producing cash at that rate," said finance director Jeremy Hamer. "And it's not because we have over-funded the acquisitions. Cash generation qualities are good."
Asked if that meant the group could conceivably pay a dividend, Jackson added: "I wouldn't rule that out."
One element of concern is the tightening of purse strings in the private sector, although neither Jackson nor Hamer were able to predict the potential impact on Access.
"Nobody knows (the extent of the cuts) until the spending review comes out. But we are not currently seeing a massive drop off in demand," Jackson said. "People are being more cautious."
However renewal rates in March and April were very strong. And Hamer points out that Access contracts are usually relatively modest at around £15,000 and £30,000, so aren't a major cost to the business, and points out the software usually saves costs for the business or government department that buys the product.
While the uplift in profits was driven by acquisitions, the underlying performance was robust. Organic revenues grew by 51 per cent, Jackson said, while pre-tax profits almost doubled on a like-for-like basis.
19 July 2010
A good half yearly report:-
http://www.investegate.co.uk/article.aspx?id=201007190700085128P&fe=1
Highlights:
Turnover increased by 63% to £4.1m (2009: £2.5m)
Profit before taxation generated by continuing operations was £470,000 (2009: £169,000)
Basic earnings per share increased 83% to 0.22p (2009: 0.12p)
Cash balance at 31 May 2010 of £2.4m (2009: £714,000)
Recurring revenue increased 65% to £2.4m (2009: £1.4m), representing 57% of total revenue
Appointment of Howard Sears to the Board in March 2010 following acquisition of Cobent Ltd on 28th February 2010 for £5.2m
Sale of Wired-Gov in May 2010 for £142,000
Chairman's Statement
I am pleased to announce our results for the 6 months ended 31 May 2010 which demonstrate the Group's continued progress and development, both strategically and financially. Our operating profits in the first half exceeded those of the full year last year and we have made two significant steps towards the alignment of our group activities with our strategy.
Results
Group revenue was up by 63% to £4,137,000 (H1 2009: £2,543,000), and 25% on a like for like basis. The Group's operating profit before acquisition costs and taxation was £668,000 including Cobent and £725,000 excluding Cobent. This compares to an operating profit of £169,000 in 2009, up 295%. The basic earnings per share is 0.22p (H1 2009: 0.12p) up 83%. The Group is not proposing to pay a dividend. The Group had net cash at the end of the period of £2,424,000 (H1 2009: £715,000).
Current Trading
The tightening of the public sector purse has undoubtedly begun and will increase in severity over the coming months. Despite this we remain cautiously optimistic that our strategy to focus on the cost saving opportunities offered by our software and the low-cost entry that hosted solutions provide will both contribute to future growth and will, to some extent, shield the Group from spending cuts.
We are continuing to invest in our private sector sales and marketing and are confident of the Group's prospects, with new customer wins across all subsidiaries.
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