Accesso Technology Share Discussion Threads

[spud] 08/10/2018 10:28

We normally have a bit of volatility around this time of the year which is great for bargain hunters such as myself.

I really wouldn’t concern yourself with the article (which I’ve not seen). Within 3 months it’ll be a distant memory as we test historic highs again.

spud

[fredfishcake] 08/10/2018 09:40

This has certainly turned into a share for those that love volatility! Has anyone actually read the Shareprophets article, which I assume is mainly to blame for the current decline?

[spud] 08/10/2018 09:09

Bought another 2k this am.

I didn't think i'd get this opportunity again so soon!

spud

[alphabeta4] 08/10/2018 08:48

I didn't realise he was still about - the last time I picked up on him was when he was short BOO at the end of 2015!

[spud] 05/10/2018 08:48

Opportunity knocks - Another 1k taken with more to come should the price continue to slip.spud

[spud] 04/10/2018 08:58

'Room for improvement' is perhaps being too kind....I remember him for a lunchtime share show on TV about 25 years ago & he was pretty cr@p at that.....spud

[rivaldo] 04/10/2018 08:44

Indeed. Having pushed for years so many losers like FOX, BST, MIRA, MIN etc etc their analysis and success rate could be said to have, erm, "room for improvement"....

Besides, ACSO was a while ago more than 90% held by institutions per the CEO from memory. That ratio has probably increased even further now. There's probably almost no-one around to pay any heed to such stuff.

[isaallowance] 03/10/2018 23:34

I'm surprised that no-one has mentioned the Shareprophets "Big Autumn Short" article yet, which takes aim at accesso. I'm not a subscriber so haven't read the content, but from the strap line the gist seems to be that the valuation is bonkers, revenue growth is insufficient, and cash generation is poor, author TW.

[rivaldo] 26/9/2018 09:44

:o))

Interesting article on the development - and successful implementation - of the new Prism device:



"Award-winning wearable transforms the theme park experience

Breakthrough innovation specialist, Cambridge Consultants, has partnered with accesso Technology Group, to develop an award-winning smart wearable for theme park guests. The wrist-worn device, named accesso Prism, means visitors don’t need to carry cash or keys, or queue for attractions, while providing location information and updates on ride times.

Visiting theme parks should be an exhilarating, carefree experience, leaving guests with happy memories of rides and excitement, not hours spent in queues. However, 57% of consumers report that queuing for rides and attractions is the chief frustration whenever they visit a theme park (1).

With their cutting-edge point-of-sale and ticketing solutions already found in attractions around the world, accesso wanted a new wearable device to enhance their existing virtual queuing solutions, and to create new ways to connect with guests. Developed in partnership with Cambridge Consultants in under 12 months, accesso Prism underpins a great guest experience while also giving operators real-time guest journey data, providing valuable insight for operations, security and marketing.

The accesso Prism wristband incorporates a touchscreen and three radios: Near Field Communication (NFC), Bluetooth and Sub GHz (LoRa) and has been awarded two prestigious industry awards: the IAAPA Brass Ring and the IAAPA Impact Award. Boasting an entirely waterproof chassis, it can withstand up to 5 atmospheres of pressure (50m) and will operate for more than 200 normal use park days on a single battery – a world-record lifespan for a battery operated secure-element payment system with a touchscreen. Unlike previous devices in the market, the swipe-activated capacitive touchscreen also functions when wet.

The technical challenges involved in delivering accesso Prism were significant. accesso’s vision required ultra-low power, secure contactless payment and seamless integration with accesso’s existing platform deployments. Using a combination of world-class tooling, molding and CAD modelling expertise, on-site antenna test facilities and rapid high-resolution 3D printing, accesso Prism was delivered within a year and at an ambitious price point, with thousands of units now working in theme parks and attractions around the world.

This consolidated effort led to the breakthrough design of three radio antennas packaged in to a single, multi-fold printed circuit board (PCB), enabling the integrated system to be contained in a smart wristband. Cambridge Consultants’ unique Satimo Stargate 64 anechoic test chamber enabled the testing of early prototypes and fed results directly into the design process, leading to a perfectly balanced device.

“We came to Cambridge Consultants for their track record of delivering hi-tech, multi-disciplinary product developments of exceptional quality, in very short time frames,” said Andrew Jacobs, President of accesso LoQueue. “What we’ve received is a transformative solution that has already achieved two IAAPA awards. In partnership with Cambridge Consultants, we have delivered disruptive differentiation while working at speed.”

“With less than 12 months from concept to delivery, we had to work with precision,” said Niall Mottram, Head of Product Development, Industrial and Energy at Cambridge Consultants. “At the end of the development we handed Accesso Prism over and it simply worked. We look forward to continuing our work with Accesso through the development of new product variants in the future.”

[glawsiain] 25/9/2018 09:55

Cheers Riv - I wish I was called Tintin Stormont ;)

[rivaldo] 25/9/2018 08:49

Intriguing new article:

Http ://www.proactiveinvestors.co.uk/companies/news/205535/accesso-technology-group-eventbrite-ipo-provides-interesting-read-across-205535.html

"accesso Technology Group: Eventbrite IPO provides interesting read-across
12:14 24 Sep 2018

The UK company has the potential to tap into the large and fragmented leisure market, analyst Tintin Stormont reckons

Broker Numis used the US IPO of Eventbrite (NYSE:EB), the electronic event management specialist, to take a closer look at accesso Technology Group PLC (LON:ASCO), which provides queueing systems for some of the world’s best-known leisure and entertainment giants.

By the end of the week following its New York Stock Exchange debut, the Eventbrite business had grown 50% in value.

“This has an interesting and positive read across to accesso, where key to our positive stance is the significant opportunity in the highly fragmented leisure and entertainment market available to technology companies that can help organisers reach a wider audience and provide a more efficient and elegant experience for its customers,” said the highly respected Numis technology analyst, Tintin Stormont.

“We believe the trends in consumer behaviour and technology being highlighted - whether it’s the shift in consumer preference towards experiences or the use of technology as key enabler in reducing friction in the consumption of live events – are equally relevant to accesso.”

Large and fragmented market

The UK company already has a “proven track record of delivering to the exacting standards” of some of the largest theme park operators in the world – companies such as Merlin and Six Flags, Stormont added.

And she reckons accesso's strong management team is a big plus.

“We remain excited about [its] growth prospects,” the Numis analyst added."

[rivaldo] 23/9/2018 23:43

Interesting new article about the use of new technology on cruise ships, including ACSO's Ocean Medallion:



And another article from last week about a visit to Universal's Volcano Bay theme park, which describes ACSO's Tapu Tapu device as "genius":



I notice that recent reviews of Tapu Tapu on Tripadvisor etc have been getting better and better after the first slightly mixed reviews, such that initial flaws appear to have been ironed out.

Imagine the effect on profits and the share price if Universal were to announce that ACSO's products were to be rolled out a la Merlin's roll-out - followed by a similar roll-out for Royal Caribbean/Princess Cruises.

[rivaldo] 20/9/2018 22:51

Good to see the IC saying Buy too, as the shares are "well below their historical premium to peers":

[rivaldo] 20/9/2018 15:35

Quite a lot more as it happens....take a look at all the apps for example:

[shanklin] 20/9/2018 14:13

We just went on a cruise on P&O's Britannia. They issued each passenger with a card which meant that no cash or credit cards were required on board and, as it was in Norway, we did not even need our passport when we disembarked.

I am sure it has been covered before, but what more does ACSO's solution provide?

TIA, Martin

[lomax99] 20/9/2018 13:26

Also interested to hear in due course what inroads they are making into the Cruise market, following the acquisition of TE2 last year.

[itchycrack] 20/9/2018 08:49

Should be back through the 3000p level pretty soon now...when you look at the growth potential its still quite amazing just how much more Accesso can achieve.

[janeann] 20/9/2018 08:38

thanks rivaldo - explains the strength today. someone certainly seems to want them

[rivaldo] 20/9/2018 08:19

The Times' Tempus column says Buy today - ACSO has "increasingly looked like a winner" for some time imho :o))



Conclusion:

"What makes Accesso attractive is its established customer base, growth potential and permanent hunt for new markets, even healthcare (it has a patient management contract in the United States). As an indicator of its potential, Accesso has 40 per cent of the North American online ticketing market for theme parks, but a 5 per cent share in Europe and zero in Asia. The shares are a clear risk, but this company is looking increasingly like a winner.

ADVICE Buy

WHY Established in core markets, growing in others"

[spud] 19/9/2018 20:17

https://uk.finance.yahoo.com/news/retire-wealthy-two-stunning-growth-125901845.html?.tsrc=applewfspud

[rivaldo] 19/9/2018 15:22

Superb intra-day turnaround :o))

And a nice verdict from the respected Techmarketview:



"Wednesday 19 September 2018
Accesso grows under new leadership

Interim results from Accesso, the software provider to the leisure and entertainment industry shows it to be making good progress under new CEO Paul Noland. Revenue is up 16.7% to $54.4m ($46.6m in H1 17) with adjusted EBITDA up a whopping 73.6% to $15.1m ($8.7m in H1 17).

Accesso’s core business focuses around established verticals of theme parks and water parks and adjacent verticals including ski resorts, cultural attractions, tours and live event ticketing, and has been performing well. Its significant exposure to the US market will have been helped no doubt by a strengthening economy there.

The 2017 acquisitions of Ingresso and TE2 have added both a range of additional capability and should provide opportunities for the Group in greenfield areas such as Healthcare and ticketing distribution. Progress was made here in the first half with a new partnership with Henry Ford Health Systems and work undertaken to further expand its distribution capabilities into the USA. We expect to see further growth here with the establishment of a new Health division and an increased focus for the business on international growth."

[2cbg] 19/9/2018 13:50

At 10am I was able to buy 1k at £26.90 and can now sell at £27.00 so hopefully should take a profit by the end of the day.

[spud] 19/9/2018 13:32

Looking very strong here atm. Can sell 8k @ the bid but only buy 100 @ offer.

Could well be in the blue before close.

spud

[jonut] 19/9/2018 10:45

MM fun & games here this morning with ACSO.

I've transferred 356 shares from SIPP to Isa today. Both show as buys
b 26.80 10.23am
s 26.57 10.25am



bid 26.10/offer 26.80


go figure?


The buys and sell numbers must be completely out of whack!


Ideas anyone?