Accesso Technology Share Discussion Threads

[tsmith2] 11/2/2019 13:02

I'm told overhang virtually cleared. No way of substantiating it. Let's see volume and price action

[hazl] 11/2/2019 12:15

Just got a few I have braved it.
DYOR.

[tsmith2] 11/2/2019 12:08

You keep on talking away...

[smithie6] 11/2/2019 11:51

good point

(surprised parks want to work with Groupon....& dont just dictate their own fixed discount prices for groups....take it or leave it)

[typo56] 11/2/2019 11:45

No just Google Smithie6, it's Groupon too.

To me, 'partnerships' with Groupon usually mean margin pressure.

[smithie6] 11/2/2019 11:30

price pops up 20-30p
& bang ...someone sells 8900 shares about 700p

~63k pnds

some big sellers still imo

after a fall today of 15-20% !!

[smithie6] 11/2/2019 11:24

post 3535 from Horndean

gets my vote

[kemche] 11/2/2019 11:14

Eagle, ts does not understand. His reposte always tends to be "yawn" - followed by disappearance.

[horndean eagle] 11/2/2019 11:11

The point your missing is that everyone is asking them about their numbers and accounting. they are not willing to discuss it. The reason why is clearly because they are not in a position to give them an answer. Infer from that what you will. If they were clean as a whistle and there was to be no restatement then they would have been shouting that from the rooftops.

[smithie6] 11/2/2019 11:08

...I think that a write down of tang. assets would be important

since they are created by capitalising stuff

and
hence questions the whole accounting policy. esp. capitalising

( there is a mention in H1 accounts I think (or last annual rpt ?) that says profit numbers benefit by 7M$ from 'it'

(a massive number wrt official profit....7M 'benefit' is much higher)

( I note that the accnts stated that 7M "benefit" number
....if PIs decided to ignore it...
...the co. can say its not their fault & it was clearly disclosed)

capitalising being higher than amortisation

but it is imo not 100% clearly written (as per other things)

[igbertsponk] 11/2/2019 11:03

I sold on the way up, and have been regretting it until recently...
My worry was always that they assumed that large companies would share revenues with them. That seldom works - large companies want their revenues 100%.
So that would leave them a software supplier only. And they never actually seemed to generate much cash, always jam tomorrow.
So I can understand the collapse.
Probably overdone now, but I suspect those shares issued for takeovers are now flooding the market. So will be a long time before any serious rise happens.

[tsmith2] 11/2/2019 10:58

Is it? Has the company said it's not going to hit market expectations and intends to revisit capitalisation of costs?

[spud] 11/2/2019 10:57

Nail, head, hit.spud

[shanklin] 11/2/2019 10:57

The very badly worded TU and lack of interviews since, is IMHO pathetic. It is clearly important for the company to project stability, confidence and ongoing growth to its customers and potential customers, and a 75%+drop in the share price is inconsistent with this.

Having dug themselves this huge hole, the very least they now need to issue is a "know no reason for the recent share price movement" RNS.

[horndean eagle] 11/2/2019 10:52

Write downs are the not the issue. Its more about what costs they should and shouldn't be capitalising. There have been suspicions that they are overly generous on capitalising spend rather than expensing it. If they take a more conservative view you might see profits collapse from where they have historically been reporting numbers. Its all a bit of an unknown so bit premature to speculate but that also makes it uninvestable and why you are seeing so little bottom fishing.

[smithie6] 11/2/2019 10:43

the Google deal might also be bad for Acso imo

Google, Apple itunes, VISA...etc...gorillas....impose high commissions/charges imo (itunes is 30% imo)

...so if Google take a cut of the pie....& Acso still have to pay their staff for that IT/tech area

then could the % of the pie for Acso reduce.
---

..and ticket sales via Google maps or google

would it phps only be taking turnover away from another part of Acso ...noting it bt a ticket selling co.

[alamaison5] 11/2/2019 10:40

PE was and still is far too high. 500p?

[smithie6] 11/2/2019 10:28

bonio

"write down of intangibles are largely irrelevant....just look at cashflow"

but the mkt often doesnt agree

the generatn of big drop in profits (& imo a reported LOSS for ACSO)
usually is not popular with any mkt....& often hits the sp

& it creates doubt about co. accounting/policy of capitalisation

('we treat a lot of costs as buying intang. assets
& bump up profits numbers

& then
BOOM

we declare it was wrong & chop a lump off those int. assets built up via capitalising stuff !!!!

& whoosh...confidence in accounting approach would vapourise (if not already....say results 'in line' yet share price from 30 to 7.2 !!.....clearly the mkt is not happy...)

[togglebrush] 11/2/2019 10:26

Trading Statement is the close of the current problem. It was badly worded, unclear, and clarity is needed NOW..

[horndean eagle] 11/2/2019 10:24

Its nonsense to suggest they are not talking numbers because they are happy with everything. Its a complete shambles of an announcement they put out but I think it was deliberately so. They clearly have issues and the market reaction shows you that. For them to take the view that everything is fine and then not to want to help soothe market nerves says it all.

[spud] 11/2/2019 10:21

Probably because the Market isn't happy with that as is being amply illustrated by the recent price action! Listen, I'm a stalwart supporter of this company and have been since c2008, but even I think they could and should be more proactive.spud

[smithie6] 11/2/2019 10:19

loonies

like Black Rock ?

they have about 5% left

....to sell ?

gonna take a while

& clearly no other insti has rung them up and begged to buy that 5% (or prev. 6%)

or there would be 2RNSs....sell & buy..