Accesso Technology Share Discussion Threads

[smithie6] 22/5/2022 16:12

Does this show a weakness in the product suite of ACSO ?

Since they expect to re-sell an RTP product ?

[rivaldo] 18/5/2022 10:07

News - should provide nice cross-selling opportunities to RTP's 100+ global clients:



"accesso® and ACTIVE Network Establish Strategic Partnership to Enhance Ski Industry Support
May 16, 2022

ORLANDO, Fla. (May 16, 2022) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, and ACTIVE Network – which owns and operates Resort Technology Partners (RTP) – have entered into a strategic agreement to advance the reach of the companies’ solutions tailored to the ski industry. Through this partnership, ACTIVE Network customers will benefit from “Preferred Provider” access to the award-winning accesso Passport® eCommerce ticketing suite, which powered $250+ million in revenue generation for ski operators in 2021 alone. accesso eCommerce clients will now also have the option to select the RTP | One point-of-sale resort software system – a leading solution serving the ski industry for nearly 25 years and bolstering operations for more than 100 clients around the globe – to support their on-site operations.

etc"

[rivaldo] 18/5/2022 06:39

Shore Capital say Buy:



"Accesso’s just the ticket, says Shore Capital

Accesso Technology (ACSO) has provided an encouraging trading update and Shore Capital says global trends are underpinning an optimistic outlook.

Analyst Katie Cousins retained her ‘buy’ recommendation on the ticketing and queuing software provider, which slipped 2.7% to 730p.

‘The group appears motivated and excited about the future of the business, and we continue to remain optimistic about the opportunities for Accesso which we see as underpinned by global trends driving e-commerce adoption across consumer venues,’ she said.

Over the medium-term, Cousins said there was ‘scope for a recovery to a sustainable cash Ebitda [earnings before interest, tax, depreciation, amortisation] margin of over 20%, driven by the combined impact of strategic investments, better cost control, and increased global exposure’.

‘We expect this to be supported by attractive cash generation,’ she said."

[rivaldo] 17/5/2022 08:24

An encouraging (if somewhat vague!) AGM statement today.

Since the prelims and the outlook therein were so bullish, we can take comfort from the CEO saying today:

"I'm very pleased with how accesso has started 2022. We've continued our momentum from 2021 and we are executing in line with our plan for the year"

A little more detail would have been good, but hey......

[nchanning] 13/5/2022 20:10

Not only is revenue surging but clearly Accesso is a key part of the in park spending uptrend

[nchanning] 13/5/2022 20:09

Analyst David Katz said SIX's quarterly operating performance boosted the firm's confidence in its estimates. Katz thinks that as Six Flags (SIX) focuses on pricing strategies and service delivery, pre-pandemic attendance trends become less relevant.Looking ahead, Six Flags management's strategies to improve overall guest experiences and unit economics are expected to drive stronger financial performance.

[rivaldo] 13/5/2022 15:54

Agreed, the AGM update should be pretty strong given the outlook in the prelims.

I'm not expecting a specific update on any increase in the $64m cash pile as it's only an AGM statement, but the prelims stated 2022 would be another cash generative year so hopefully there'll be some positive noises around this.

[rimau1] 12/5/2022 16:34

Looking forward to a bullish Trading Update on Tuesday. They have previously flagged additional investment spend in 2022 so it will be interesting to see the impact on net cash

[rivaldo] 12/5/2022 13:14

RNS - great to see an American investment company increasing its stake in ACSO.

Long Path partners have bought another 250,000 shares or so and now own 4.55m shares, or just over 11%:



"Long Path Partners is a privately-owned investment firm that seeks to compound capital by investing in a limited number of high quality, predictable businesses that we intend to own for the long term."

[aimingupward2] 04/5/2022 09:05

Thanks rivaldo. Thats rather as I thought on reflection.

[rivaldo] 04/5/2022 09:01

Hi aimingupward2, only just seen your post 5139, apologies.

To clarify, it's Proactive's article stating Shore Capital's figures are for 2024, not me. I only have access to the article as you do, not to Shore's source note since Shore don't seem to have loaded their note on to Research Tree.

I suspect the year in the article is a typo, i.e it should say 2022, not 2024? Given the cash pile movement in 2021, i.e increasing to $64m from $30m, a similar increase this year would take the cash to around $100m, so it's possible to see Shore's forecast of $121m cash being for the end of 2022 rather than only being achieved after two more years, especially given the very strong trading in early 2022 outlined in the prelims.

[perceypig] 02/5/2022 11:58

As I said it’s a UK company that just happens to trade a lot in the US.
I rest my case

pp

[eigthwonder] 02/5/2022 11:12

"The Company’s main country of operation is in the USA".

As per the company's website. Sure it has an AIM listing but it is essentially a US company.

[perceypig] 02/5/2022 10:45

eigthwonder: For your information, accesso is a UK company not a US one

pp

[aimingupward2] 01/5/2022 16:03

Hi. Rivaldo. I’ve been looking back at earlier posts and have a query re yours, 5130, on 11th April.

You say at the outset that Shore Capital predict $36.9m PBT and $121m cash pile “by the end of the year” (meaning 2022?). But then at the end of your post you repeat these figures but say they’re a new forecast for 2024. Could you please clarify which it is. If the latter, then do you know what is expected by Shore for this year and next?

Many thanks.

[eigthwonder] 30/4/2022 18:09

It’s a fine company with good market positioning. It’s also a tech company, a US at that, at US tech is friendless at the moment.

[bouleversee] 30/4/2022 10:56

I expected the share price to go up. Have given up trying to understand the stock market.

[2cbg] 30/4/2022 09:38

Thanks Rivaldo - excellent presentation.

[strollingmolby] 29/4/2022 11:15

Thanks for posting this video, Riv - it makes for very pleasant viewing given how bullish they both are with the opportunity ahead of them.

[rivaldo] 29/4/2022 09:45

The new presentation can be seen here and is excellent (ACSO are the final company presenting), with the CEO being particularly confident:



Highlights:

- "our demand has never been so high"
- a $64m cash pile, up from $34m in 2020
- in 2021 ACSO won 50 new venues and achieved 64 eCommerce contract wins
- the Merlin contract has bee renewed to Aug'26 and Six Flags through 2025
- Passport has 96.1m reservations in 2021 compared to 56.7m in 2019 pre-pandemic due to consumer adoption of mobile technology
- attraction operator needs due to labour shortages are now meeting ACSO capabilities in mobile tech via food and beverage ordering, mobile apps, guest identity etc
- "demand for our services is truly remarkable now"
- a US listing is on the radar, but not top of the list and very happy on AIM

Key growth drivers:

- cross-selling to over 1,000 customers, i.e ecommerce to ski resorts
- gaining new customers, with high demand and a good sales pipeline
- possible acquisitions using the cash pile

[rivaldo] 26/4/2022 15:17

ACSO are one of three companies presenting at 6.00 on Thursday evening - free registration:

[w13ken] 19/4/2022 16:30

Cheers rivaldo, I'm very bullish about ACSO for 2022. A nice 6.4%+ rise today was welcome and here's hoping we'll be 900p+ by the summer.