Accesso Technology Share Discussion Threads

[rivaldo] 12/10/2018 14:07

RNS - Kames Capital have gone above 5%. Their holding is fluctuating, but increasing over time and now they have 1.37m shares:

[spud] 12/10/2018 08:36

I had an order in to buy 1k @ £23.50. Missed by 10p. Hey ho! :-)spud

[gleach23] 11/10/2018 23:45

I see Shares took the opportunity of highlighting the stock as a buy @ £23.60. Looking back through the trades this week I see it did indeed dip that low between 8.21 and 8.33 on Tuesday morning.

If only we could all go back a week and pick the low point at which to purchase, I reckon we'd all make a few quid. Shameless :)

[fredfishcake] 11/10/2018 11:23

Markets are funny, indiscriminate things aren't they? Who'd have thought announcing a partnership with Google would lead to a share price decline!

[spud] 11/10/2018 08:14

With the Dow down 3.1% yesterday, it was kinda obvious that this was going to be hit. Ready to pounce if it sinks much lower.spud

[runthejoules] 11/10/2018 07:46

SHARES magazine (I recommend subscribing)

Act now! Market sell-off offers superb chance to buy Accesso for a discount

[I am ahead of the game! I mean 6% down]

Buck the risk-off markets theme with this outstanding growth story
Great Ideas
Issue: 11 Oct 2018 - Page 10

Since positive half year results in September Accesso Technology’s (ACSO:AIM) share price has plunged more than 20%. This is potentially great for new investors because it means you can now buy the same business and growth opportunity for 20%-plus cheaper than you could last month.

The obvious question to ponder is whether the sell-off implies something uglier to come? Our own digging suggests not. We attribute the share price performance to nothing more than a global markets sell-off as the market mood changes. Our view is long-term and these sell-offs can be good times to pick up decent stocks.

Accesso isn’t alone in terms of recent share price declines for popular AIM Stocks. For example, Fevertree (FEVR:AIM), Blue Prism (PRSM:AIM) and GB Group (GBG:AIM) have all taken a hit in recent weeks.

Accesso is an attractions and queuing solutions supplier. Over the years it has created an integrated platform for everything from buying tickets, queue-busting, merchandise purchasing and more.

Clients include Alton Towers operator Merlin (MERL) and Six Flags and it has emerging opportunities across Latin America, the Middle and Far East, including China.

Multiple vertical markets are also being explored, such as sporting events, music concerts, ski resorts, museums and theatres.

We believe Accesso has scope to expand in many ways. There are thousands of theme and water parks, tourist attractions and other high footfall visitor sites around the world that could potentially benefit from the company’s integrated visitor ‘experience217; solutions.

There is also an extra growth leg emerging in health via a development agreement with Henry Ford Health System.

Accesso is a business that has been ticking growth investors’ boxes for years. Since 2012 it has seen revenue soar from $46m to $133.4m, including last year’s (2017) 30% jump, and has an equally impressive record on profits. It has been free cash flow positive in every one of those years.

Future revenues will be impacted by new accounting rules, which change both how and when income is recognised. This does not change the underlying growth dynamics of the business and it will make little difference to profit and earnings going forward, which implies better margins.

Analysts expect operating profit of around $42m in 2020. It is forecast to report $25m or $26m this year, implying a 2018 price to earnings (PE) multiple of about 40. That’s high, yet if forecasts are to be believed, the forward PE could be slashed rapidly to about 22-times over the next 12 to 15 months. (SF)

[spud] 10/10/2018 10:20

Price driven yesterday midday onwards by IIs. Today by numerous small SBs. spud

[spud] 10/10/2018 08:06

In the same way it makes money with its other clients - Shared Revenue. Best close your Short...spud

[runthejoules] 10/10/2018 08:05

Just bought in. Missed buying at 2,599 due to hesitating for 5 seconds, got 2,650 though. Think will be a good LTH as long as there isn't a recession. Who knows maybe Google might buy it, though CEO's hardly long in the tooth yet.

[bestace] 10/10/2018 08:04

Sounds like good news, but no financials were mentioned and it was released as RNS Reach. How does accesso make money from this?

[jonc] 10/10/2018 07:32

Whoops.

I can see this as very useful when travelling on holidays.


Might put TWs shorts under pressure!

[rivaldo] 10/10/2018 07:14

Nice :o))

A partnership with Google should grab the headlines - and shows where this group is going, I suspect the new CEO's connections are coming in very handy....

This closing paragraph was omitted above and shows the way forward:

"Paul Noland, CEO of accesso, commented:

"This partnership demonstrates the progress we are making along our strategic path to transform the fragmented market for the distribution of entertainment and leisure tickets. This integration through Reserve with Google speaks to the ever-evolving ways guests purchase ticket to their favourite venues around the globe. As a supported scheduling partner of Reserve with Google, we're excited for this opportunity to provide added value to our clients"

[spud] 10/10/2018 07:12

Nice! Best close those Short positions chaps....spud

[janeann] 10/10/2018 07:07

yes!!

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces it has partnered with Google to connect accesso clients with Google users through a new customer engagement channel.

The partnership, beginning in late Autumn 2018, will enable accesso clients to make their inventory bookable via Google Search, Maps, and Assistant. Users will now see a clickable "Find Tickets" button in their search results which links to the Ingresso platform, enabling them to purchase accesso-supported inventory directly through the world's largest and most powerful search engine.

From theme parks, to museums, to live events, Google users will have the option to seamlessly purchase tickets from hundreds of attractions within accesso's robust client portfolio. The option to extend reach through Reserve with Google will come at no additional cost to accesso clients utilising the Ingresso platform.

The 2017 acquisition of Ingresso marked accesso's entrance into the ticketing distribution space, and today's announcement marks a major step forward on its strategic path. As consumers increasingly put their faith in aggregators of ticketing inventory, like Google, this agreement represents a significant vote of confidence and display of trust in the Ingresso brand.

[spud] 09/10/2018 18:19

Standard adding. spud

[spud] 09/10/2018 10:55

Some fairly significant buys (Ii?) now appearing, signalling a possible floor @ 2350p. Shame as my next 1k buy hasn't yet been triggered. spud

[itchycrack] 09/10/2018 10:19

Not when you consider the growth potential that it unlocks for the future (IMHO).

[perceypig] 09/10/2018 10:08

High admin costs?
pp

[itchycrack] 09/10/2018 06:31

Make no mistake, institutional investors will be taking full advantage of this drop in the background (via protected trades). Selling volume has been very light and most shares are in tight hands. I also added a few yesterday.

[2cbg] 08/10/2018 22:57

Bought a few more today at £25. Its had similar dips in the past - I made the mistake of selling at £6!

[supernumerary] 08/10/2018 18:32

I know it's happened elsewhere - highflyers getting hit - Ideagen for instance - but as spud says, it has been seen here before. Whether it will stay low, or recover as it always has in the past, is for individual investors to decide for themselves.

[pireric] 08/10/2018 18:21

Or, Super, you look at european software recently.... It's not company specific

[supernumerary] 08/10/2018 18:02

The price has always been volatile - largely a function of the tiny free float. What usually happens is that some FM with an eye to long-term value watches the Dutch auction until it hits his buy price then loads up. Yet more shares move to institutional holders...

[pireric] 08/10/2018 17:30

Actually, if you were aware of tech. The whole sector is resetting lower. I doubt it is the shareprophets lark. This is on a pretty premium valuation still (so quite susceptible as it has been)