Access Intelligence Share Discussion Threads

[howdlep] 06/2/2012 10:21

yes they have to move this up to fill buy orders. The fun is about to start

[christianf12] 06/2/2012 10:21

Why are those 2 mm's sat on the 3p offer when it's perfectly clear they don't have the 10k offered shares to sell at that price?

I HAVE HAD A LIMIT ORDER IN FOR THE PAST 30 MINUTES FOR 10K SHARES AT 3.25P AND IT STILL HASN'T BEEN FILLED!!!

Peeps paying 3.3p or 10% above the offer so we could easily see 4-5p today.

[christianf12] 06/2/2012 10:13

Paying 3.3p for 120k shares now, hold on to your hats!!!

That is 10% over the current offer price, MM'S HAVE NO SHARES!!!

[lewis winthorpe] 06/2/2012 10:10

Has this been tipped? if so where?

L.

[christianf12] 06/2/2012 09:40

You can't even buy 5,000 shares online at present but if you fill or kill them for the nms of 10,000 shares they will have to fill the order or move the share price up.

[howdlep] 06/2/2012 09:25

Management paid £5.2m for Cobent Ltd in March 2010, in cash and shares. This was considered to be a little expensive at the time. HOWEVER, the deal was linked to performance, which the old management did not fulfill. That resulted in 29.7m shares being returned by the Cobent vendors, which as the Aimzine feature points out, equates to approx 20% of ACC's shares. This will aid EPS going forward and ensure dividends continue to be paid. The next is due April 2012. New management are now bedding in the acquisition and I would expect the real benifits of the deal to be seen in 12 months time.
Remember, at 2.5p the market was £5.7 v £4.1m cash. So the whole ACC business in for £1.6m. The business is ridiculously undevalued imo. Checkout the portfolio in my previous post.

[christianf12] 06/2/2012 09:07

Can't even buy 10,000 shares at 3p now. Looks like there are some big buy orders in.

[christianf12] 06/2/2012 09:00

10k max buy!!!

MM's obviously have no stock.

[lewis winthorpe] 06/2/2012 08:32

Should be around 5p now IMHO. Going forward so many good things coming

L.

[howdlep] 06/2/2012 08:20

£5.7m market cap at 2.5p v 4.1m cash. Now look at the portfolio above and see what you re getting for £1.6m. Please note, part of the Solcara Ltd division was sold for £2.5m having paid only £750k for the whole business!

[christianf12] 06/2/2012 08:18

I just tried to buy 100k but can't get a quote!

[christianf12] 06/2/2012 08:17

The divi alone is worth buying for.

[howdlep] 06/2/2012 08:16

Strong shareholder base

Number of Securities in Issue
The Company's issued share capital consists of 227,604,029 ordinary shares with a nominal value of 0.5 pence each ("Ordinary Shares"), each share having equal voting rights. The Company holds 29,666,667 Ordinary Shares in treasury and therefore the total number of Ordinary Shares with voting rights is 227,604,029. (Last updated: 26.09.2011).

Company ShareholdingThe Company has been notified, in accordance with the Disclosure and Transparency Rules, of the following disclosable shareholdings representing 3% or more of the voting rights in the Company's issued share capital: Number of shares in issue: 227,604,029 Ordinary Shares in Issue, as at Last Close.

Share Information at 26th September 2011
Total shares in issue: 227,604,029

Top 10 Holders Number of Shares %
Fund managers
Elderstreet Investments Ltd 33,005,000 14.5
Octopus Investments Ltd 23,453,000 10.3
Unicorn Asset Management 21,400,200 9.4
Jackson M E W Esq 20,063,636 8.81
T1PS Investment Managemen 10,125,000 4.45
Alderson D Esq 9,065,641 3.98
Maven Capital Partners 7,367,574 3.24
Individuals & Private Clients UK 8,249,390 3.62
Berry M Esq 6,365,117 2.80
Unsworth A P Esq 6,167,487 2.71
Directors
Michael Jackson, Chairman 20,063,636 8.81
Jeremy Hamer, Finance Director 5,991,762 2.63
Ray Jackson, Non-exec 4,636,364 2.04
David Lowe, Non-exec 4,597,475 2.02
Shareholders above 3%

David Alderson* 9,065,641 3.98

* Denotes director or employee of subsidiary company

[howdlep] 06/2/2012 08:12

Portfolio


Northland UK Broker

[howdlep] 06/2/2012 08:11

Access Intelligence (ACC)

I have bought back into this one at the bell today, having been out for quite a while.

Market Cap is £5.7m @ 2.5p, cash as at 30/11/11 was £4.1m.

The stock was the lead feature in Aimzine yesterday and the full article can be read (through a free subscription) here



The 19/12/11 Trading Update stated that sales and profit before tax will be in line with market expectations.

House Broker, Northland Capital Partners, have the following forecasts and estimates.

Year to 30/11 2010 2011E 2012E
Revenue 7.98m 7.3m 8.2m
Pre Tax profit 1.37m 0.51m 1.2m
EPS 0.4p 0.3p 0.37p

2011 forecasts exclude Cobent restructuring charges and the one off gain from the Solcara sale.

T1PS own 4.45% of the shares. Their latest update after the trading statement, dated 19/12/11, included the following comment. For a full description, please subscribe to t1ps dot com:-

"Currently trading at 2.625p, Access Intelligence is capitalised at £5.97 million. In light of today's announcement, I continue to see the group hitting adjusted pre-tax profits of £0.5 million (earnings per share of 0.2p) in the full-year ending 30th November 2011, rising to £1.2 million (earnings per share of 0.3p) in the next. This equates to a prospective PE ratio of 13 times, falling to just 9. Along with a prospective yield of 7.6%, I believe the shares remain good value for a robust and predictable business that is carving out a strong position within the growing Governance, Risk and Compliance software solutions market. As such, my stance remains "buy"."

[orado] 06/2/2012 08:11

Where has it been tipped?

[christianf12] 06/2/2012 08:03

BEEN TIPPED!!!!!!!!!!!!!

[orado] 31/1/2012 15:58

I really regret getting so heavily into this company.
My funds could be doing so much better elsewhere.
Fear they do not really care about P.Is. - Shame really.

[lewis winthorpe] 27/1/2012 08:24

Orado,

It will. This year is going to change perceptions

L.

[orado] 26/1/2012 16:35

This really is turning out to be a huge disappointment.

I have a substantial holding and have had so for a number of years now. B/E 3.9p

Thought this would have done better.

[dgwinterbottom] 26/1/2012 09:29

Any indications as to progress with Cobent Lewis?

[lewis winthorpe] 25/1/2012 15:07

Johnstonp,

I think the majority of trades over the last few weeks have been buys.

Good noises coming from companies in the group and glad that no silly purchases have been made with the £4.2 million this company capitalised at £6million has stashed.

L.

[johnstonp] 25/1/2012 12:55

some buying at last !

[orado] 23/1/2012 11:42

I'm amazed share price is so low. Still its not a company that seems to give investors a lot of news etc.

I have a decent holding, and have done so for some time now. Average price of 4.2p

Disappointed with progress and lack of news. Thought M J would have been much more dynamic.

Certificates put back in bottom draw and hope they are not needed for a while yet,

[lewis winthorpe] 23/1/2012 10:02

2.45p are buys BTW

L.