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Share Name Share Symbol Market Type Share ISIN Share Description
Access Intelligence Plc LSE:ACC London Ordinary Share GB00BGQVB052 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 99.00 96.00 102.00 99.00 99.00 99.00 10 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 33.3 -9.6 -8.7 - 126

Access Intelligence Share Discussion Threads

Showing 1676 to 1699 of 1825 messages
Chat Pages: 73  72  71  70  69  68  67  66  65  64  63  62  Older
DateSubjectAuthorDiscuss
29/5/2015
10:57
Interesting to project forward here. If they cut development spend even by £1m from £4m to £3m per annum, revenues increase modestly and you add back around £800m for impairment of intangibles then adjusted EPS is somewhere between 0.6p-0.8p. A p/e ratio of 12 then gives an share price somewhere between 7p-10p. In reality I would expect development spend to fall more significantly and revenues to increase more robustly. Worth playing with the figures. I expect the company at this point would reinstate dividend payments as well given it's cash generative nature. Michael.
michaelmouse
29/5/2015
10:29
longshanks - The potential acquisition would make a great fit with AIMediaComms wouldn't it? Happy to be corrected though. I think you are right about astute management. Building up the company in a measured manner. Very sensible low key approach. I share your thoughts about the trade sale in a year or two's time. Cheers. Michael.
michaelmouse
29/5/2015
09:29
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?
longshanks
29/5/2015
08:44
Michael Jackson (chairman) holds around 24% of the shares directly and indirectly through Elderstreet Investments. Michael.
michaelmouse
29/5/2015
08:27
Totally friendless at the moment longshanks, although I can't imagine that will last too much longer. Gross margins here are 72% and recurring revenues make up most of the £8.5m revenue reported for 2014 (77%). They are loss making at the moment, but this is because of the considerable investment they have been making in product development in recent years which will come to an end this year. In the past two years alone they have spent around £4m each year on product development. Access Intelligence is cash generative and should start to grow more strongly over the next few years. Given the conditions I've described above, it is not too difficult to envisage the huge transformation and positive effect that the paring back of development spend will have on their profits. Imo, as with many micro-caps, it is one to accumulate whilst there is little interest. Also noteworthy is that a potential acquisition is on the cards:- hTTp://uk.advfn.com/news/UKREG/2015/article/67052771 which could be further earnings enhancing should it come to fruition. Finally, it is worth having a look at their client base which is wide and impressive. Consider all this against a market cap. of just under £7m. Michael.
michaelmouse
28/5/2015
20:16
Has this no friends left?
longshanks
30/4/2015
08:35
not forgetting - K3 Business Technology Group PLC has acquired Willow Starcom Ltd from Access Intelligence PLC for GBP1.8 million in cash, the two AIM-listed companies said in separate statements Tuesday. The deal, which sees Willow exchange hands free of debt and cash, will bolster K3's earnings in the company's first full year of owning Willow, K3 said. Willow was established in 1990 and is based in Greater Manchester, in North West England. It is an IT support services company with cloud computing capabilities. In the year ended November 30, 2014, Willow generated GBP2.7 million of revenue, earnings before interest, tax, depreciation and amortisation of GBP370,000 and pretax profit of about GBP100,000. It had about GBP900,000 of net assets at the end of that year.
squibno1
30/4/2015
08:27
Access Intelligence plc logoSanlam Securities restated their buy rating on shares of Access Intelligence plc (LON:ACC) in a research note issued to investors on Wednesday. The firm currently has a GBX 7 ($0.10) price target on the stock.
squibno1
13/4/2015
08:21
Zzzzzzzzzzzzzzzzzzzz
orado
10/12/2014
07:22
It would appear Michael jackson bought 1m shares in two tranches yesterday (700k & 300K)according to RNS.
dgwinterbottom
09/12/2014
16:55
Anyone know why the spike today.
approach3
21/11/2014
13:16
Any PIs here. This has been a right load of white.
ih_403612
21/7/2014
20:26
Yes, Michael Jackson (Non-Executive Chairman) has picked up another 500,000 shares at 2.9p. Michael.
michaelmouse
19/7/2014
20:55
Junglist - Yes Elderstreet hold 14%. Some hefty buys again on Friday. I'd be very surprised if it's not one or more Directors buying again. Michael.
michaelmouse
19/7/2014
10:27
He holds more than 10% mickey through the investment vehicle he founded Elderstreet. Elderstreet look as though they are pretty good on the MBO scene.
junglist
19/7/2014
09:49
hTTp://michae1mouse.blogspot.co.uk/2014/07/updates-acc-avs-and-avn.html Michael.
michaelmouse
17/7/2014
08:45
Yes 1lf I know the sector fairly well which is why ACC became an interest and got into my portfolio. There is a sea change especially in financial sector away from "tick box" compliance towards having audit trail showing active management of compliance issues and eg proving that employees were properly briefed rather than getting a read receipt for an email and forcing them to [get their secretaries] to watch compulsory briefing videos etc. The market will always be niche but potentially lucrative looking at the billing models for comparative products. There is a raft of smaller businesses I expect ACC will either compete against or perhaps acquire over time (metacompliance, comprobo) and then overseas listed rivals like SAI global. My estimation that there is a growing market for the software - as well as parallel markets such growing software companies could expand in to - is why I'm relatively relaxed about losses now. Also whilst most results statements are indeed filled with smarmy BS written on a happy pill whilst wearing rose-tinted glasses from what I've seen of ACC it looks like a company with reasonably grounded and realistic outlook and prospects - again all just my personal opinion and I'm definitely not suggesting people jump on without looking very carefully at the company.
jimbobtechstock
17/7/2014
07:48
The results were a bit disappointing however the business mix is changing. This is always a problem when the business model changes from lump unpredictable revenues to more stable monthly recurring revenue which initially depress the results but provide a more predictable return. For those that are concerned about the cash position the statement states that the company is in the final quarter of its transformational investment programme. On total spend on investment in technology £4m per annum at 50 per cent of revenues moving to say 25 per cent of revenues would save £2m per year which would drop straight through to cash
boll
16/7/2014
22:00
hTTp://michae1mouse.blogspot.co.uk/2014/07/access-intelligence-interims.html Michael.
michaelmouse
16/7/2014
17:08
Thanks, you have highlighted why the market doesn't like it. I'm still of the opinion the cream is in the licensing repeat revenues and my own experience in the sector is that compliance software is a nascent sector that will grow and be lucrative over time (if - and it's a big if - they have good products). But yes I see they're in a bit of a rut because the pessimistic market hinders their shot at cream. Ordinarily - and for a lot of US tech stocks in similar position - they would be able to issue shares at a much more favourable placing price and ride the dip. But the share price will probably stay depressed for the reasons you highlight until FYRs, which will be quite a while yet. I do hold modest quantity of this now and have bought more in the recent dip but it remains firmly in my risky quota.
jimbobtechstock
16/7/2014
12:00
imho the next step is some redundancies they do NOT have imo enough cash to keep supporting their real op. loss of 800k per 6 months or 1.6M per year. only got 1.1M cash now at 800k per 6 months cash consumption that would leave only 300k at end of the year.... vs 2.3M in May 2013 !!!!!!!! ---- I think in my 2 posts I have identified why the mkt does not like the interim results.
1littlefish
16/7/2014
11:43
at op. level they lost 800k in H1.....thats 1.6M per year that money coming from cash down and receivables down after supposedly investing for how many years now .... to lose 800k in H1 is pretty poor imo invested over past years....but in these numbers I can not see much in way of results for it... (continually updating software is a real cost of being in software business.... imo can not exclude it from the P & L calcs.) coupled with service staff not having enough work by the looks of it... ---- current liabilities is 1M bigger than current assets......not so pleasant although one could discuss each item... --- May 2013 Cash = 2.3M Cash now = 1.1M big reduction in 1 year. It does not appear to be a cash cow ! If you want a divi then it needs to generate surplus cash. 754k moved from current to non-current....clearly cause they dont want to pay it ! would leave only 400k...and if add in 800k loss in H2 then cash would go 400k -ve if they had had to pay that 754k --- retained earnings was 7.2M 1 yr ago... now it is down to 4.5M dont want to keep going like that much longer ! (dont put too much faith in generating a cash/numerical value in intangibles....stroke of accountants pen and they half them ! down was it 3M last year) and were the service staff with no work actually really generating intangible assets ? the service staff are qualified to do that ? write code etc ? I would hazard a guess that 2 different skill sets... ---- future dilution by the way... around 60M shares....!! is that 25% !
1littlefish
16/7/2014
10:19
About par for standard investorwaffle don't you think!! Don't forget the reason they're listed is to recognise future value and realise that potential today to invest in growth. Selling staff on a day rate is not scalable to a level the market will appreciate, but selling licenses for software is, and that's where they claim their underlying growth is - and yes the staff who can't book to customer projects are working on pv/RnD stuff for future licensing revenues. The only thing I can't figure out is why UK investors are valuing this so low - possibly because they're under-selling the growth potential? Or am I just in too good a mood to see the down side this morning?
jimbobtechstock
16/7/2014
09:08
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?
davydoo
Chat Pages: 73  72  71  70  69  68  67  66  65  64  63  62  Older
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