Accesso Technology Share Discussion Threads

[spud] 23/3/2018 11:33

The final para is interesting from a growth viewpoint.




accesso Technology enjoys a strong year; upbeat on the outlook for the business
Share
12:35 21 Mar 2018

Its performance was underpinned by new business wins, renewed partnerships, geographic expansion and acquisitions, principally July’s purchase of TE2
theme park queue
The company's queuing technology was pioneered in theme parks, but it has much broader applications.
accesso Technology Group PLC (LON:ACSO), which provides queuing technology pioneered in theme parks, enjoyed a strong year and said it remained confident on the outlook for 2018.

Revenues for the 12 months ended December 31 grew just over 30% to US$133.4mln, while underlying earnings (EBITDA) were up 29% at US$24.6mln. As previously flagged, the numbers were comfortably ahead of market expectations.

Its performance was underpinned by new business wins, renewed partnerships, geographic expansion and acquisitions, principally July’s purchase of TE2 for an enterprise value of $80mln.
WATCH: Chairman on the significant new healthcare contract win

The company has strengthened its core operations in the leisure industry but is broadening its horizons, while innovating and moving into adjacent areas such as ski resorts, cultural attractions, tours and live event ticketing.

It is also nudging into completely new areas, or verticals, including healthcare.

TE2 has provided an entry to the area of digital guest journey, opening a number of what it described as “green field opportunities”.
Pushing boundaries

“We have pushed boundaries this year as we continued to focus on investment, building and improving our business, and finding new ways to support the digital customer journey,” said chairman Tom Burnet.

“Two important strategic acquisitions present us with many more opportunities, and we are excited about the new markets they open up for us as well as how they can support our existing customer base.

“I am excited by where we are as an organisation, and I see enormous growth opportunities in our future."
Broker sees the company making progress

The shares, up more than 40% in the last year, edged 10p higher to £22.50, valuing the business at £584mln.

The City broker Numis has tweaked slightly its revenue forecasts, but has left its earning numbers largely as they were.

So it sees accesso posting adjusted profit of US$26.5mln this year, rising to US$39.4mln and then US$44.6mln.

spud

[rivaldo] 21/3/2018 10:20

Peel Hunt today retain their Buy and 3100p target:

[rivaldo] 21/3/2018 09:17

N+1 Singer note that EBITDA was "substantially ahead" of expectations.

They'll be reviewing their forecasts and target price - and anticipate increasing those forecasts by 5%-10%.

[spud] 21/3/2018 09:15

Super positive results from Tom & the Team! I really can't find any notable negatives, aside from putting pressure on themselves to continue in the same vein.Here's to 2018/19 and the $1 billion valuation! spud

[shanklin] 21/3/2018 07:56

Certainly an interesting comment re Ticketmaster. I had previously thought of Accesso and Ticketmaster as being likely competitors. Indeed given Ticketmaster's website is so poor, I had thought Accesso would progressively win market share from them.

All IMHO.

[rivaldo] 21/3/2018 07:37

Results are well ahead of expectations - for example re N+1 Singer, ACSO achieved $24.6m EBITDA ahead of $22.8m forecast.

The 56.73c EPS compares to 49.8c forecast (aided by a tax credit).

The $19.1m adjusted operating profit compares to $15.5m forecast PBT.

This comment re Ingresso looks particularly exciting:

"This acquisition has also helped us reach further into London's fragmented West End Theatre market and will, over time, allow accesso to exploit the significant inefficiencies that exist within the travel and leisure industry."

And this:

"Volume growth of 67% year-on-year reflects customer wins including Ticketmaster UK, opening up access to West End theatres in London"

And above all:

"accesso is pleased to report that the Group is showing good momentum at the start of 2018. We look forward to a promising year ahead."

[togglebrush] 21/3/2018 07:19

Results out and on first reading look reasonable.

[spud] 15/3/2018 14:10

Agreed. As it's looking to push back up and tickle my target, i've snapped up another 1k.

spud

[aimingupward2] 15/3/2018 13:57

Yes, excellent. It has certainly stimulated some very substantial buying - and a few opportunist sells, which I suspect might be regretted by next Wednesday when the prelims are published. We already know that the results will be good and 'ahead of expectations'. I'm really looking forward to reading the report and 'outlook'. It's very likely that we'll see an all time high next week.

Peel Hunt's £31.1, say a year from now, is probably just a staging post on the way to Berenberg's £38 target 'in time'. Altogether a great share to be in and hang on to.

[rivaldo] 15/3/2018 08:36

Very nice indeed - Peel Hunt initiates coverage today, with a Buy and a 3100p target price.....

[rivaldo] 12/3/2018 09:13

Another contract win, this time in Mexico:



"accesso Partners with San Luis Potosí Ministry of Tourism to Provide Ticketing for the Huasteca Potosina Region.

Posted In Press Releases on February 28, 2018

San Luis Potosi, Mexico (February 28, 2018) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, is partnering with San Luis Potosi Ministry of Tourism to provide a fully integrated ticketing platform for its natural sites within the Huasteca region.

The Ministry of Tourism, in partnership with the Secretariat of Ecology and Environmental Management (Segam), signed a three-year agreement to implement the company’s accesso ShoWare solution, a cloud-based Software-as-a-Service (SaaS) for ticket sales and distribution. The accesso ShoWare ticketing software will allow tourists to purchase tickets online for a specific day and time, and will also enable attractions in the state to strategically control the flow of visitors so that the biodiversity of its natural sites can be protected.

The Huasteca Potosina is a popular tourist destination with beautiful landscapes and lush vegetation, formed by rivers, waterfalls, caves and deep chasms. Huasteca Potosina features many popular tourist sites, including Micos, Tamul, Puente de Dios, Xilitla, Sotano de las Golondrinas, Las Huahuas, Tanchachín and La Morena. The first site to implement the accesso ShoWare platform will be Puente de Dios, which is expected to start selling tickets online starting in March 2018. In addition to the Huasteca Potosina Region, the state of San Luis Potosí also includes the regions of Middle Region, Central Region and Altiplano Potosino and 58 municipalities."

[spud] 07/3/2018 11:38

Edited the link



spud

[rivaldo] 07/3/2018 09:43

A new interview with TB, with some nice excerpts....

Http ://www.proactiveinvestors.co.uk/companies/stocktube/8831/accesso-secures-significant-new-contract-in-healthcare-8831.html

- for 2018 there's "a mountain of business coming our way"
- ACSO have "unique" technology
- ACSO have huge amounts of IP with 50 patents and patents pending

[rivaldo] 05/3/2018 10:20

Good spot Alphabet4. MERL's share price rose nicely, presumably due to this line in the report....:o))

"Exploiting strategic synergies

Accesso® e-commerce platform now rolled out to the majority of the estate"

I note Merlin are due to open further Legolands in China, New York and South Korea, having just opened parks in Japan and Malaysia. No doubt ACSO will be rolled out here too:

[alphabeta4] 01/3/2018 14:40

Merlin had a well received update today too.

[aimingupward2] 01/3/2018 10:51

This makes the claim that ACSO should see ‘exceptional levels of eps growth for many years ahead’ all that more believable.

Excellent news that, I’m sure, the incoming CEO will be delighted to follow through.

[jonut] 01/3/2018 09:53

'Henry Ford will pilot the technology beginning in autumn 2018, in preparation for a full multi-phase implementation to coincide with the grand opening of the Brigitte Harris Cancer Pavilion, the new destination centre for the Henry Ford Cancer Institute, expected in 2020. '

hxxps://www.henryford.com/services/cancer/new-henry-ford-cancer-pavilion

[itchycrack] 01/3/2018 08:38

The story just gets better and better - and with healthcare likely to be one of THE sectors to invest in over the next couple of decades - this really will become a billion dollar company! Great news indeed! :-)

[carcosa] 01/3/2018 08:28

"accesso Technology has announced its first healthcare partnership, a long-term agreement with Henry Ford Health System (HFHS) for the use of TE2, accesso's digital experience and personalisation platform. HFHS will use TE2 to build unique patient profiles which can be easily integrated with electronic medical records, enabling healthcare providers to digitise and personalise the entire healthcare journey. It is too early too determine the potential financial impact of this partnership. However, this is an interesting development as while accesso has a history of expanding into adjacent markets within the broader leisure industry this is a distinct new vertical. We maintain our Buy recommendation, and will update our forecasts and target price when full year results are released later this month."

Full N+1 Singer note available on hxxps://www.research-tree.com

[spud] 01/3/2018 07:48

Expanding the customer portfolio into Healthcare! If this is the start then the potential is massive. Looks like we are starting a new chapter in the accesso book of 'How to grow a successful company'. spud

[glawsiain] 01/3/2018 07:35

Very interesting move. Hands up all those that saw this coming!

[rivaldo] 01/3/2018 07:25

Wow - a very exciting expansion into healthcare, and a hugely prestigious new client to boot with the Henry Ford Cancer Institute....

This should excite the market somewhat given the possibilities:



"Steven N. Kalkanis, M.D., Medical Director, Henry Ford Cancer Institute, and Chair, Department of Neurosurgery, commented:

"This is unlike anything we've seen before in healthcare. A cancer diagnosis and everything that comes with it can cause an unspeakable amount of stress for patients and families. A solution of this magnitude has the unparalleled potential to ease that burden and we are thrilled to join with Accesso to create an improved experience for our patients."

Spencer Hoover, Henry Ford Health System's Vice President & Executive Director of the Henry Ford Cancer Institute, commented:

"We're creating a revolution in healthcare that, for the first time, combines unprecedented convenience with exceptional and personalized care. In Accesso and TE2, we have found committed colleagues that have brought the best of hospitality to healthcare."

[rivaldo] 28/2/2018 12:44

Nice - a £61,000 buy just reported at 2330p, a good 10p above the current 2320p published offer price.

[rivaldo] 26/2/2018 11:15

Following Six Flags' forecast-beating results, Cedar Fair also delivered very good Q4 results and solid full year numbers.

Most importantly, the outlook for this year is also very confident - which is of course good for ACSO:



"Sales from advance purchase commitments, including season passes, through the end of January are up 10% from the same time last year, driven by a strong capital program for 2018.

"We are pleased to report a record fourth quarter performance as our parks had a strong finish to 2017," said Richard Zimmerman, Cedar Fair's president and chief executive officer.....This focus has enabled us to generate solid increases across all of our advance purchase channels for 2018, giving us confidence that the momentum we generated at the end of 2017 will continue."