Accesso Technology Share Discussion Threads

[ali47fish] 15/9/2021 13:06

mwain- I always forget what overbought means - please synonym or a different of saying the same thing

[mwainw1973] 15/9/2021 10:58

Looking very overbought on RSI, which way?

[bouleversee] 15/9/2021 02:09

I wonder why the share price dropped so much on Tuesday. Profit taking or Covid?

[w13ken] 14/9/2021 23:46

Yes, I thought that was pretty unusual so it's either died a death or you're right and there is likely to be a big expansion. Let's hope it's the latter. Just a 5-minute interview with Brown so far so I hope that there are other presentations to come.

[aimingupward2] 14/9/2021 23:30

There was no mention, in the interim report, of the trial at Boston Logan airport, which I believe has completed with very positive results, nor of the prospect of a transformational market opportunity in virtual queueing at airports worldwide. Might an rns, highlighting this, be being held back, perhaps for greater impact as a separate announcement, do people here think?

EDIT - or is it more a matter of airports not being busy enough for queueing to be much of a problem for quite some while ahead?

[w13ken] 14/9/2021 21:46

Good coverage from Proactive and always good to see Steve in front of the camera. He's an excellent CEO.

[molatovkid] 14/9/2021 07:18

Looks very good indeed....a very heartening read.

[rivaldo] 14/9/2021 07:13

A very strong set of H1 results today, remembering that this is the much seasonally weaker half so H2 will look even better.

ACSO reiterate that:

"we expect Cash EBITDA to be significantly ahead of market expectations for both the half and the full year"

The Balance Sheet is strong with $33m net cash. Virtual queueing is the future for all sectors across the globe given the pandemic - you just have to rad the narrative to see that this is the case. Prospects look very good here.

[aimingupward2] 10/9/2021 14:30

Just profit taking,surely? I expect buying interest will rekindle next week after a confident outlook statement with the interim figures on Tuesday.

[rivaldo] 10/9/2021 08:39

Cheers W13Ken.

Up on big volumes once again today - almost £1m traded already. I wonder if there's something more to these volumes - acquisition interest perhaps from someone who can see that ACSO's tech is key to a queueless future globally across a variety of sectors.

[w13ken] 09/9/2021 16:39

rivaldo, I've not seen that before - thanks.

Slide 17 onwards in the FY 2020 results presentation is interesting. It gives us a view of the Long Term Roadmap and Future State (slide 20/21) shows there is a lot of consolidation and simplification of the queueing and ticket mgmt software solutions on the way. It seems the solutions offered are already market-leading but even more compelling fully-integrated versions should make the offer unbeatable. Expect to hear more next week.

[spud] 09/9/2021 14:26

While the wheels have dropped off the main market, Acso steams ahead. Not invested but happy for the long termers. spud

[rivaldo] 09/9/2021 12:14

This article was never posted here from memory - big article about how ACSO are utilising contactless technology in all sorts of areas as attractions are rethinking their working practices post-COVID:

[molatovkid] 09/9/2021 12:05

I don't think wad collector will be collecting much wad if that is his sole criteria on judging a company.That is one element only.

[w13ken] 09/9/2021 11:34

Revenue has bounced back already to 2019 levels and during Covid there has been a lot of consolidation and forward-planning by Steve Brown. As a company still in the growth stage with new revenue streams being explored, the future looks extremely bright.

[aimingupward2] 09/9/2021 10:59

So a share that does not pay dividends would be worthless on that reckoning, wad ?

[the white house] 09/9/2021 10:45

If you do not get it do not post

[wisewilliam] 09/9/2021 10:45

It is also the value of the company and its intellectual property and assets such as software to someone else eg a potential acquirer.

[wad collector] 09/9/2021 10:32

The rise continues...
What I don't get with these tech stocks is basis of valuation being so much about future earning potential rather than current profit. A dividend does not look imminent and yet the capitalisation is about £400M.
Ultimately the value of a share is only about the yield or anticipated yield.

[rivaldo] 08/9/2021 16:04

Shore Capital and Peel Hunt both say Buy:



"accesso Technology forecast upgrade prompts 12% jump in the share price; brokers impressed

“We view accesso as well-positioned to capture the growing e-commerce and digital solution trends,” said Shore Capital in a note to clients

accesso Technology Group PLC’s unscheduled profit and revenue upgrade has been greeted with 12% jump in the share price.

The revelation that trading at the electronic ticketing and queueing solutions group is now at pre-pandemic levels also sparked a flurry of positive broker coverage.

“We view accesso as well-positioned to capture the growing e-commerce and digital solution trends,” said Shore Capital in a note to clients.

“It has a growing global client base and a diversified offering that collectively can address consumer/ business demand across leisure, entertainment, and cultural markets.”

Shore repeated its ‘buy’ recommendation, pointing out the shares are currently trading at an attractive discount to the wider software-as-a-service industry.

Peel Hunt also repeated its ‘buy’ advice in the wake of accesso’s update.

It said: “As previously flagged, accesso is taking advantage of this newfound interest in its technology solutions and is deploying additional resources across implementation, development, and customer support.”

Earlier, accesso raised its 2021 revenue forecast to at least US$117mln, representing a full recovery to 2019 trading levels.

In a statement ahead of its interims next week, the ticketing and virtual queuing specialist said cash earnings (EBITDA) will be “significantly ahead of current market expectations” for the half-year and 12-month period.

“The group is currently deploying additional resources across technology implementation, product development and customer support to calibrate for the new demand,” investors were told.

“As previously signalled, these investments will have a limited impact on cash EBITDA in 2021; their full annualised effect will be felt in the 2022 financial year.”

accesso said through July, August and the Labor Day holiday period it had built on its “excellent first-half performance and continued to capture high demand for its technology solutions”."

[w13ken] 08/9/2021 14:04

Opimisery, Simply Wall Street has set a fair valuation - based on Discounted Cash Flow - of 1224p. I'm not a financial analyst but that 32% does not sound unreasonable in the next year. I cannot emphasise enough to watch the video of Steve Brown mentioned in my previous mails. There are big global plans for the future and world-beating technology for queueing and ticketing management that mean the current £385m market cap could look cheap soon. If you're British you'll be familiar with Merlin Entertainment and how big they are so it's telling that they chose accesso. But that's just theme parks and if you can buy a ticket for it then accesso can help and most of it will be repeatable revenue. Have a look around their website - it's excellent.



I topped up again today, even at over 900p.

[opimisery] 08/9/2021 13:20

Where do you see this going W13Ken?
Ive been a SIPP holder since May and recently added to my ISA @ 7.14.

[w13ken] 08/9/2021 12:09

Topped up again while this is still 3 figures :-)