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ACSO Accesso Technology Group Plc

534.00
3.00 (0.56%)
Last Updated: 09:37:43
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.56% 534.00 524.00 535.00 535.00 534.00 535.00 7,125 09:37:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design 139.73M 10.06M 0.2395 22.30 224.25M
Accesso Technology Group Plc is listed in the Cmp Integrated Sys Design sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 531p. Over the last year, Accesso Technology shares have traded in a share price range of 500.00p to 822.00p.

Accesso Technology currently has 41,993,464 shares in issue. The market capitalisation of Accesso Technology is £224.25 million. Accesso Technology has a price to earnings ratio (PE ratio) of 22.30.

Accesso Technology Share Discussion Threads

Showing 2951 to 2974 of 5375 messages
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DateSubjectAuthorDiscuss
17/10/2018
08:49
Six flags and others do lots of promotional tickets and Groupon is just another channel. ACSO would I imagine make its margin on percentage of sales revenue.
wisewilliam
17/10/2018
08:36
Typo56

I tend to agree with you but its not ACSO that would merit the red flag in this circumstance.

shanklin
17/10/2018
08:13
I'm just wary of marketing associations with Groupon as I get the impression they can be 'red flags' of taking business at any margin (e.g. CAKE recently). Possibly not the case here though, with this arrangement?
typo56
17/10/2018
07:49
Groupon sold 30 million tickets in 2017.

So, as I understand it, now Groupon's 32 million customers in North America - and many more elsewhere - will be able to utilise ACSO/Ingresso's platform to buy tickets to Six Flags/Legoland/Cedar Fair etc etc, thus expanding at a stroke and by a large margin ACSO's customer base's visibility to a much larger audience and being able to utilise any spare/unsold capacity.

They are RNSNONs because the amounts involved are in the future and obviously cannot be calculated precisely , so they can't meet the regulatory disclosure requirements for full RNS's, but they are nevertheless significant announcements which is why they've been made as such.

rivaldo
17/10/2018
07:42
Hi Typo56

Hope all is well with you?

AIUI, this is ACSO providing its ticketing clients with another route to selling their tickets. It is up to said clients how or whether they use this option.

In contrast, last week's Google Map link up was to provide a one click option for potential customers of ACSO's ticketing clients to access client websites.

Presumably, both of these are helpful at the margins but only worthy of non-regulatory RNSs.

shanklin
17/10/2018
07:21
I'm hard of reading. Could someone spell out what this actually means, in a simple sentence or two. Lower margin business?
typo56
17/10/2018
06:11
Excellent news today - so a week ago we got Google, and now we have Groupon.....

This certainly is "a further demonstration of accesso's strengthening position in the ticketing distribution market" as they state today:



"accesso announces partnership with Groupon to provide new capabilities for clients

- Customer inventory to become bookable through Groupon -

- Ingresso integration with Groupon reflects increasing demand for aggregated inventory -

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces a strategic partnership with Groupon to utilise the Ingresso distribution platform to connect with some of the biggest names in entertainment and leisure.

The integration, beginning in late Autumn 2018, will allow for seamless mobile experience for Groupon customers, giving them instant access to ticketing inventory across Ingresso's supplier network. The agreement will also enable current accesso clients to make their tickets available to a vastly expanded audience, gaining access to Groupon's 49.5 million global active customers.

etc"

rivaldo
16/10/2018
16:29
Merlin down quite heavily today, I presume providing some read across for today's fall
pireric
16/10/2018
08:56
Possibly, but if real wage growth outstrips inflation (as it currently is) this will be the green light for companies to increase prices - as history has shown. Watch for increases in utilities, and other staple products/services as the first sign.

What I particularly like about Accesso's strategy is to diversify into other markets and other verticals, so over time, the dependence on any one particular sector will gradually erode.

itchycrack
16/10/2018
08:48
That's my thinking too Shanklin, with a few small sells and the MMs extracting every drop of profit from those sellers.

MERL's UK operations are pretty insignificant to ACSO, but ironically it's Legoland - where ACSO's technology has been concentrated - that's thriving with organic revenue growth of 6.4%, whereas it's the Midway Attractions stagnating slightly post-Westminster which have had relatively little input from ACSO.

And again, ACSO's technology will soon be fully in use as it's steadily rolled out at the Midway attractions and everywhere else in MERL, which should help drive up margins and sales.

On that note it's encouraging to see this from MERL's statement:

"Technology - continued roll out of self-service ticketing terminals" and showing "continued progress", i.e with no let-up or hiccups.

rivaldo
16/10/2018
08:23
Unwarranted read across from MERL TS?
shanklin
15/10/2018
16:14
Anyone like to comment?
ie. Is it one we are involved with?

helpaargh
15/10/2018
08:32
Great to see such good PR in the FT, cheers lomax99.

And some good news - Six Flags have won a contract to manage another water park in the USA (in Illinois). The news release notes that Six Flags will "continue to make capital investments in the water park", i.e it's likely that Six Flags' usual ACSO technology will be introduced:

rivaldo
13/10/2018
15:47
FT today:

Tech and telecoms groups turn to deals in search of growth

UK’s smaller players have proved adept at scooping up rivals



Accesso
Accesso’s acquisition of Ingresso last year may have been a tongue twister for headline writers, but the £28m deal took the UK company into ticketing distribution.

That strategy took a further step this month when the combined business revealed that it had partnered with Google to allow people to book tickets to events using Google Maps, Search and Assistant.

Accesso started life as Lo-q, which was a system designed to allow people to reserve their place in a queue at a theme park — for a cost — without having to stand in line.

Over the past decade it has moved on from toying with ideas of how to expand that concept, such as targeting the queue at a deli with its software, to how to engage better with customers, especially those willing to pay extra for convenience. The move to introduce a “reserve with Google” is the latest iteration of that plan.

Revenue for the six months to June increased 17 per cent to $54.4m, or 47 per cent on an underlying basis, while profit before tax dropped 12.5 per cent to $1.4m due partly to acquisition costs.

Broker Peel Hunt argued that Accesso had only scratched the surface with existing clients such as Merlin and that the leisure market was growing more complex.

The Ingresso deal gives it exposure to London’s West End theatre market, while virtual reality and “escape rooms” — a new Crystal Maze-style entertainment concept — offer substantial growth opportunities.

Accesso shares have risen more than 20 per cent over the past year and trade at around £25.95, giving the company a market capitalisation of about £710m.

lomax99
13/10/2018
09:47
Portfolio rebalancing I would suggest. spud
spud
12/10/2018
13:07
RNS - Kames Capital have gone above 5%. Their holding is fluctuating, but increasing over time and now they have 1.37m shares:
rivaldo
12/10/2018
07:36
I had an order in to buy 1k @ £23.50. Missed by 10p. Hey ho! :-)spud
spud
11/10/2018
22:45
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 :)

gleach23
11/10/2018
10:23
Markets are funny, indiscriminate things aren't they? Who'd have thought announcing a partnership with Google would lead to a share price decline!
fredfishcake
11/10/2018
07:14
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
spud
11/10/2018
06:46
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)

runthejoules
10/10/2018
09:20
Price driven yesterday midday onwards by IIs. Today by numerous small SBs. spud
spud
10/10/2018
07:06
In the same way it makes money with its other clients - Shared Revenue. Best close your Short...spud
spud
10/10/2018
07:05
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.
runthejoules
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