Accesso Technology Share Discussion Threads

[itchycrack] 12/2/2018 20:33

If you only ever bought stocks based on low PEs, low Case-Schiller, low CAPE etc, you'd never ever end up buying the really really profitable stocks (e.g. FANG).
IMHO people spend way too much time worrying about all these ratios etc, they are becoming far less relevant by the day.

Investing is really simple if you synthesise it down to just one point - "buy stocks that are going up and sell stocks that are going down" (on a trend basis that is).

Yes, the FANG stocks are expensive, but they keep going up, the trend is up.
And it's the same with Accesso. And they keep going up because they are doing well, and generating large amounts of cash.

What does a high PE actually tell you? If tells you the stock is in high demand because of its growth potential and trajectory. In the case of Accesso, this appears to be accelerating. And with virtually no real debt it's going to be one of the stocks that survives any market shakeout (if there is one).
All IMHO of course.

[dan_the_epic] 12/2/2018 20:02

Agree to a certain extent, but that 63x next year's earnings is the only updated figure I can see after the update early this yr. And any really high level of earnings growth in the short term are only courtesy of the acquisitions.

I'll do some more digging. I've said 100x this isn't a bad business at all, tis good actually (Even if a lot is just ecom), but just about whether this stacks up valuation wise. I'd love to buy some more Amazon, but similarly there I think the valuation is priced to perfection and so there is just too much risk

[aimingupward2] 12/2/2018 09:53

Dan the Epic, yes the rating is high, but look at the way eps has risen steeply in recent years ( 10.2, 18.5, 24.5, 34 ) and that one fund manager who has been adding recently is expecting “exceptional levels of eps growth for many years ahead”.

Given that, perhaps it is not surprising. PEG below 1, so fine.

[nfs] 12/2/2018 09:51

Stockopedia show eps 48p for 2017 and 72p for 2018

[dan_the_epic] 09/2/2018 20:21

Has anyone got any forecasts here?

The only updated ones I can see are from Numis in late January after the trading update which suggest 31.5p of EPS for 2018.

Would suggest a whopping 63x next year's adjusted earnings (i.e. pretending stock options aren't an expense/won't have any impact down the line)

[bozzy_s] 09/2/2018 17:56

I thought these were a bit frothy at 50p, having climbed about 1000% in a short time. Seems it's gone up more than 4000% since then!

Any of the early LOQ investors still here? Hats off to you multi-millionaires!!

[spud] 09/2/2018 17:08

A nice £338k buy declared after the bell but more than likely delayed by 1 hour. Probably also explains the drop in the Offer in order to facilitate. spud

[glyn10] 09/2/2018 08:11

post what you want, I don't care. You can soon pick the fact from the fiction....

[dan_the_epic] 08/2/2018 21:47

"Just went short £40000 worth of shares here"

Bet some of you would soon get tired of that if I posted it every two weeks. Don't be hypocritical just because it suits your own agenda.

I do think I'm partly getting proved right. I said that tech valuations were frothy across the board, and so many have come off a lot over the last few weeks, even if results have been OK, and especially so where results have been worse than expected (Sage, Sophos, micro focus). US has lurched down again so will probably continue

You really ought to expense the SBP here and at a lot of other tech companies. It's an ongoing expense yet the market has moved into stupid mode like it did in 2000s when it ignored these costs and took adjusted numbers at face value. The businesses may well be good, but the valuations are insane for many companies

[spud] 08/2/2018 13:21

Bodes well going forward for our little(ish) company:



spud

[janeann] 07/2/2018 22:55

agree mj; I think someone is accumulating these at present. long may it continue

[melton john] 07/2/2018 17:05

She might be picking up some more, several 5000 trades gone through today at mid price.

[rivaldo] 07/2/2018 09:05

Nice article re Kames Capital increasing their holding....



"Citywire A-rated Kames Capital small cap stalwart Elaine Morgan has upped her holding in online ticketing firm Accesso Technology (ACSO) after it announced that it expected earnings to come in ahead of expectations this year.

Kames increased its stake to 4.1% of the company, or 1.1 million shares, this week from a previously undisclosed level. This was valued at £24.4 million at Friday’s £22.20 share price.

The shares are held across Morgan’s UK Smaller Companies fund, as well as the asset manager’s UK Equity Absolute Return, UK Equity and UK Equity Income funds. Kames holds 3.8% directly with the remaining 0.3% through options.

Accesso, which has contracts with a number of major theme parks, including Alton Towers and Legoland, told the market that earnings were on track to be ‘substantially ahead of expectations’ this year, enabling the company to pay down its debt faster than expected.

The shares are up 42.3% over 12 months and 18% since the start of the year."

[spud] 07/2/2018 08:56

Hi guys. I'm not sure what you're referring to as I've DTE blocked. However as I've been pretty successful here and in other stocks since I started trading in '92 via Ceefax (now who remembers that...) I thought my musings and entry points might assist others in some small way.Obviously I don't have the talent & super success of someone who has the term 'Epic' in their username but then there's always someone in life who is more talented/successful than yourself.....spud

[2cbg] 06/2/2018 23:30

Dan, I don't agree. I do care. Good to hear someone doing something positive. I prefer to hear actions rather than some of the nonsense. We've all got different size portfolios. Spud please continue to let us know your trading details.

[janeann] 06/2/2018 20:25

hey Dan your maths isn't good. I reckon its nearer 21000.00 ! Is it maths or are you just out of touch as to how well this is doing?

[dan_the_epic] 06/2/2018 20:20

No-one cares Spud, stop being so full of yourself. Bragging every time you show off that you can afford £18000 of shares a pop.

[itchycrack] 06/2/2018 08:30

I put a large order in last night, was hoping for a much bigger drop than this.
Oh well, that's the problem with quality stocks like this, no one wants to sell!
Where are all the weak holders when you need them! :-)

[spud] 06/2/2018 08:25

Buying opportunity so taken another 1k.

spud

[rivaldo] 01/2/2018 22:30

AI2, the "fabulous" refers to both the PTSG presentation itself, which was extremely impressive, and also the prospects :o))

[aimingupward2] 01/2/2018 16:10

Thanks for that, rivaldo. PTSG has been and is on my watch list.

I presume/hope that the 'fabulous' aspect related to the prospects and not mainly the presentational skills.

[rivaldo] 01/2/2018 15:33

KWS got a brief mention of course as one of Amati's star holdings, but it was ACSO who got the best comment as above. I've held KWS since it was 150p or so :o))

The star of the show was PTSG, another core Amati holding, who (imo) did a fabulous presentation.

[aimingupward2] 01/2/2018 14:22

Excellent: thank you rivaldo.

Any mention of either KWS or LTG, both of which I (and I suspect you?) put in a similar category?

[rivaldo] 01/2/2018 13:58

I was at a presentation yesterday by Amati Global Investors talking about their funds/VCTs etc.

They specifically mentioned that ACSO was still a Buy as (and I quote):

"it can continue to produce exceptional levels of EPS growth for many, many years to come".