Accesso Technology Share Discussion Threads

[pj0077] 02/11/2018 12:58

Today a seller of 20,000 @1965pHe's looking to get out in a hurry judging by the price action

[rivaldo] 01/11/2018 10:45

Nicely up today, and on very healthy volumes too with £3.5m traded already. Encouraging.

[melody9999] 31/10/2018 22:08

Joined in just before the bell too. GLAH

[dan_the_epic] 31/10/2018 20:21

Well I wrote at 2968 I thought it might get to around here

[spud] 31/10/2018 15:29

Just taken another 1.4k - Thats 3.4k over the past 7 days as I think we're over the worst.

spud

[ddubzy] 31/10/2018 13:05

The accesso team will be attending the World Travel Market from Nov 5th-7th in London! Stop by stand UKI400 to learn more about our Ingresso solution & how we connect entertainment and attractions venues with distributors worldwide.

[spud] 31/10/2018 12:43

Melody - Sounds like you understand accountancy well enough tho....!

spud

[rivaldo] 31/10/2018 11:35

The Budget had no serious implications for investing in AIM companies as some had predicted. I wonder if we'll now see some buying back in here.

Melody, it's all in the interims as Shanklin said - read the section "Reporting changes following the adoption of IFRS 15", including:

"There is no impact on profit of the Group due to the revised assessment of agent vs principal and therefore the Group will present improved operating margins in the current year and looking forward.

The adoption of IFRS 15 generally is not expected to materially impact full year adjusted profit metrics or cash generation in current or future periods."

[melody9999] 31/10/2018 11:19

Tks Shanklin - I did read the HY as considering an initial position here. But I'm not an accountant!

Underlying revenue growth during the period of 47%. Reported revenue growth was 16.7% following adoption of IFRS 15. Most significant impact of this adoption relates to a revenue stream formerly recognised on a gross basis now being recognised on a net basis, but with no overall impact on profit. Comparative reported numbers have not been restated.

In your view, does this fully explain my earlier question?

[shanklin] 31/10/2018 10:38

You could read the latest half-year results for a very clear explanation

[melody9999] 31/10/2018 09:46

Looking at Stockopedia, seems revenue falls at $130M but EPS increases by 291% to 74c. Are these figures incorrect or can someone explain please?

[spud] 25/10/2018 18:08

I expect this to improve tomorrow. Have we found our support I wonder...spud

[miss womble] 25/10/2018 13:59

Thanks alpha a very good explanation

[alphabeta4] 25/10/2018 12:14

Miss Womble I suspect we'll find out that it's explained by some chunky buys in the background which we'll only find out later.

[miss womble] 25/10/2018 11:01

What are the MMs doing? considerable selling yet the buying price is going up and the spread increasing

[horndean eagle] 24/10/2018 22:22

AIM business relief changes being floated about. The big aim momentum names that these funds have all jumped over are now in the firing line. Its why you have ended up with crazy valuations on the high flyers

[ddubzy] 24/10/2018 18:13

6months to go from 2100-2900p, all gains eroded in a matter of weeks. Painful!

[spud] 24/10/2018 16:54

Nah, can't see it myself Shank. Touched base with TB yesterday & there are no concerns (aside from Market frustrations from which none of us are immune). I've got my buyback strategy in place & will continue to buy on the dips. spud

[shanklin] 24/10/2018 16:24

Wonder if an acquisition and placing are imminent?

The share price moves on minimal volume feel similar IMHO to that before the TE2 acquisition in July '17

[helpaargh] 24/10/2018 07:37

Missed this yesterday

[dan_the_epic] 23/10/2018 21:14

It's product base is decent but the operating margin is only 14%

[wisewilliam] 23/10/2018 20:50

I think the answer is yes. The stock is pretty Brexit proof. It reports in usd and its revenues are US based and global. So unlike many UK stocks it should weather the coming shocks better than most. It's got an excellent product base and gold standard clients with recurring revenues to die for and a long way still to go IMHO.

[typo56] 23/10/2018 20:37

As an outsider it doesn't surprise me that this has fallen off a bit.

You have falling prospective growth. Still decent, but falling.

In March you have directors cashing in on share options at 2,295p, Gammon selling all 40k he acquired.

In April you have Burnet and Alder selling half their holdings (at about today's price level).

You have deals with Google and Groupon, which may be a sign of margins reducing.

You have a market which has lost its appetite for high PE stocks.

Perhaps this is time to re-evaluate and ask, "would I buy now?"

[dan_the_epic] 23/10/2018 20:09

Nothing actually wrong with Accesso that I can see (yet operative word). Problem is that it's on a sky high PE still. I don't see why this should ever trade on more than 25x earnings. It got caught up in the whole massive tech bubble. So 2000p is more where this should trade at a maximum IMO

[helpaargh] 23/10/2018 19:49

Record loss for me today also. Expect this volatility tho with present geopolitical climate. ACSO still on track with extraordinary growth programme. Expect M & A at some point. plus more tie ups With the likes of Google & Groupon.