Accesso Technology Share Discussion Threads

[supernumerary] 04/6/2020 22:21

EC - sad about the probate loss - that must have been so painful to watch :¬( I can't disagree with the rest of your post, but think you're being a little unkind to Burnett. He made a shed-load of money for investors, and if he filled his own pockets along the way, it's really only par for the course. Many other CEOs enrich themselves while impoverishing their shareholders. He maybe needed a stronger board to keep him in check, though. My worry remains that they still don't really seem to have a technology guru. Brown is an ops guy, and I'm not sure he or anyone else at that level in the company can work out an integration strategy for the various acquisition. It's a problem both of integrating the back office software, and then of presenting the result as a coherent marketing strategy. They need to get rid of the slight feeling of having lost their way as queuing became a less important segment of their business. Incidentally, I think another plus point is that the institutions have obviously not entirely lost the faith...

[togglebrush] 04/6/2020 21:23

Forthcoming action for Open Offer etc ' Latest time and date for splitting Application________3.00 p.m.5 June 2020 Forms (to satisfy bona fide market claims only Latest time and date for receipt of completed_______11.00 a.m. 9 June 2020 Application Forms and payment in full from Qualifying Shareholders under the Open Offer or settlement of relevant CREST instruction (as appropriate)(3) Latest time and date for receipt of Forms___________11.30 a.m._5 June 2020 * of Proxy or submission of proxy votes electronically Record time for the General Meeting_________________6.30 p.m__ 5 June 2020 * General Meeting_____________________________________11.30 a.m_ 9 June 2020 Announcement of the results of the General ____________________9 June 2020 Meeting and the Open Offer Admission effective and dealings in the________________________10 June 2020 New Ordinary Shares expected to commence on AIM Expected date for crediting of the Open________________________10 June 2020 Offer Shares in uncertificated form to CREST stock accounts(3) Expected date of dispatch of share certificates________________23 June 2020 in respect of the Open Offer Shares ' Dates with * are out of sequence but as published

[oilinvestoral] 04/6/2020 20:38

Anyone know when the new shares are expected to come?

[effortless cool] 04/6/2020 16:30

True JAF111, but I needed to build up to the punchline!

[jaf111] 04/6/2020 16:10

Effortless.....good post, allbeit actually you could have summarised it into 4 words - wife won't let me !!!!!!!!!

[effortless cool] 04/6/2020 16:03

ali, Thanks for your kind words - I don't get many of them on ADVFN! I held ACSO (LOQ) for a long time, but sold out years ago. We find ourselves back invested here as a result of my wife's inheritance. I had put my in-laws into LOQ long ago, and they had not sold, leaving ACSO the dominant part of the estate at the start of probate, and the estate much smaller by the time probate was completed. The above is a long-winded way of explaining that I am invested in ACSO without doing the level of research that I would normally do. I have not sold, however, for four main reasons: - Tom Burnett has gone. I never trusted him and always felt that he ran the business for his personal enrichment, rather than the wider shareholder base. - I believe that there must be value in their technology that is not reflected in the current market valuation. - The significant personal investments that Steve Brown, the new CEO, has made, suggest that he believes there is value in their technology too. - My wife is still anchored to £29 per share, and won't let me.

[bouleversee] 04/6/2020 15:09

I think it's too late now anyway, isn't it? I'vs put in another £500 but I daresay I'll regret it.

[ali47fish] 04/6/2020 15:08

hi effortless i am familiar with your name and i remember you are astute in your comments-do you think the company's outlook is positive-and is the technology for queuing and theme parks strong enough to propellt the share price long term

[effortless cool] 04/6/2020 14:57

Offer price 290p, current price 373p. That's a good enough argument for me.

[ali47fish] 04/6/2020 14:47

with a loss historically i cant bring myself to participate in this offer- what are the critical arguments for?

[supernumerary] 04/6/2020 14:07

Well done! The same situation prevailed at Ikea, only much worse. I wonder if ACSO's set up a New Opportunities team yet?

[bouleversee] 04/6/2020 11:48

Yes. I sent my MP details of Accesso with the suggestion that they should use them.

[supernumerary] 04/6/2020 11:32

Opportunity! See second picture: https://www.bbc.co.uk/news/uk-politics-52903115 :)

[togglebrush] 03/6/2020 08:04

FWIW___Just a simple view of how the share structure may look later this month. ' following the Open Offer deals ' Current Issued shares___27,704,964______£103.9 m ______Market Cap @ current sp Placed 22nd May 2020____11,138,179_______£32.3 m Subscription_______________212,414 _______£0.6 m SUB Total__________________________________________41% issued Max under Open Offer_____2,131,151________£6.2 m____7.7% issued ' ==================================================== Possible future_________41,186,708______£143.0 m ______Market Cap @ current sp ' The current Free Float _23,825,190 (86%) If all Free float take 1 for 13 equals 1,832,706 of Max Open offer That leaves just under 300,000 for additional or other bids ' Official Timing but check with brokers ' Recommended latest time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST 4.30 p.m.______3 June 2020 ' Latest time for depositing Open Offer Entitlements into CREST 3.00 p.m._____4 June 2020

[bouleversee] 01/6/2020 18:13

Indeed. I buy for the long term as I don't have time to monitor all my holdings. I think it's only traders or those who are in the know who are able to make a profit from equity investment. However, that doesn't help me to decide what to do now.

[bouleversee] 01/6/2020 15:19

I bought 108 shares in Sept. 2017 and am losing nearly 80% of my investment and IIRC I don't think I have had any dividends either. I am entitled to 8 new shares @ £2.90 which is neither here nor there but give me a good reason to buy more. They had lost most of my money long before Covid-19 came along. Don't you think that those who bought in the placing are just waiting to offload them at a profit to mugs like me and then the share price will drop as they sell?

[rivaldo] 29/5/2020 11:30

American TV interview with the CEO about virtual queueing.... Https://www.wftv.com/news/local/lake-mary-company-creates-app-theme-parks-utilize-virtual-queues-through-phones/JDMGSLLB7JDGHLANWR4SROLOC4/ "Lake Mary company creates app for theme parks to utilize virtual queues through phones LAKE MARY, Fla. — A Central Florida company has created a high-tech way for theme parks to manage their lines and keep people apart once they reopen. Accesso, based out of Lake Mary, has come up with a virtual queue system that will allow you to reserve your place in line through your phone, then step out of line. “You simply go into your smart phone, go into the attraction you want to experience,” said Steve Brown with Accesso. “You click the box. At that point you’re entered into the virtual queue and the smartphone counts down until it’s your time to ride.” The app, however, will not let you book all your rides for the day and then just let you roam the park waiting for your phone to vibrate. But the app can still eliminate some waiting as parks and rides are expected to operate with less capacity. The technology is being used in two parks right now -- one in the Netherlands that reopened Monday and another in Indiana that will reopen June 14. Both parks reopened yesterday with 100% virtual queues."

[smithie6] 29/5/2020 08:45

brokenbuckles ....there is a big mess up at my broker with their electronic forms, created a right mess for themselves I took up my 1:13 shares & requested some extra shares in the 'excess entitlement' section (a part of what I was offerred), & 0 shares in the open offer they processed by electronic requests but now I have filled in a new electronic form....but it won't accept submission of the form if you request to take up part of the shares you are offered & not all, even though it happily does the calculations, so it was intended to accept a partial take up they will need lots of man hours to try to sort this mess out for their ACSO clients, manually ! (& no new forms should be needed imo, I already submitted my application once)

[kemche] 29/5/2020 08:44

she likey!

[ali47fish] 29/5/2020 07:22

blackrock increases holding from 5 to 7pc

[brokenbuckles] 28/5/2020 21:56

Hmm I only had 3 options in my letter from my broker.

[smithie6] 28/5/2020 21:38

thanks for replying but I think you have missed one of the options looking at your msg, I see 4 options 1) dont apply for any shares 2) apply for all or some of the entitlement shares, 1/13 of shares held on date X 3) apply for shares in the excess entitlement offer 4) apply for shares in the open offer ...sorry to repeat my question, but what is the difference to a shareholding PI between applying under item 3) or item 4) ? is there a higher chance of getting shares at 290p if you apply in 3) or 4) ?? for me this item is not clear at all (I applied in 2) & 3) but not in 4). would I stand a better chance of getting extra shares at 290p if I had used/applied in 4) & not 3) ??

[brokenbuckles] 28/5/2020 18:17

So Smithie, if you had no shares on the 26th, then you can only choose option 3 (excess entitlement). If you did own shares on the 26th, you should have done option 2 (for 1/13th of what you own)... and then try your luck for whatever you want in the excess entitlement.

[brokenbuckles] 28/5/2020 18:14

Erm...there are only 3 options. 1) dont participate, 2) buy shares in the open offer (1/13th) of the number of shares you held on the 26th May, 3) ask for some shares in the excess entitlement. Basically, if you want to participate, you should do 2 if you held shares on the 26th, you will 100pc get 1/13th of the number of shares you had on the 26th. However as a number of people will take option 1, their shares will be split evenly among everyone who asked for shares in the excess entitlement (so you might get none, or maybe a little, or maybe alot depending on how many shares are left over).