Accesso Technology Share Discussion Threads

[smithie6] 12/2/2019 10:11

uh...no

intangibles are intangibles
....they are not cash...

and are normally not treated by banks as tangibles or real assets when deciding on giving a loan to a company or the loan conditions

loan conditions are normally based on tangible assets to support that loan (especially any building which could be sold if needed)
and/or the cash being made

and many other things...including nett cash, payables vs receivables etc etc

(and of course that is often where the problems arise...
...hit a drop in generating cash....and the bank conditions can be broken and the banks can call in their loans or impose new conditions not to do it...
and up the % rate since higher risk...
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if the co. was now breaking any loan covenants then I assume that the co. could issue some new shares to reduce the bank debt and come back inside any loan conditions....

although any issue....at what price....and how happy would the instis be about it since they have lost tens of millions on the last money they put in to the company.......that trust seems shattered...and raising X millions from instis requires trust (its not 50k)

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"An accounting kitchen sinking coupled with renewed focus on cash flow then this would reset the company appears to be on the cards based on the last RNS."

agree there

and the 30 quid to 7.5 quid drop is part of the reset
....when it is considered to be over....no idea....
but one might assume that it cant be until after the annual accounts are out and the mkt decides that it is happy with the accounting treatment including of capitalisation

if the mkt thinks the treatments used are invalid then imo the reset wont be completed....

[isf7boa] 12/2/2019 10:03

If there is right down in their intangibles (capitalised dev costs) would it be correct to also assume they'll need a rights issue also, if so how would it take to steady the ship, £20-30m??
An accounting kitchen sinking coupled with renewed focus on cash flow then this would reset the company appears to be on the cards based on the last RNS.

The underlying business are solid and with good tech and market position. A takeover realise that value at multiples of sales.

[hazl] 12/2/2019 10:01

Carnival Corporation’s OceanMedallion named IoT Wearables Innovation of the Year

[tsmith2] 12/2/2019 09:55

down to IFRS15 - lol. you've really no idea what you are talking.

[hazl] 12/2/2019 09:45

Village roadshow was the first to go 'al l in'.
Queuing,ticketing,point of sales and so on.
What clients want now is a seamless experience for their customers .

[smithie6] 12/2/2019 09:33

sp of Acso has crashed from £30 to £7.5

phps partly due to
- IFRS15
- capitalisation

is the same crash & problems and downward valuation also applicable at the last 2 acquisitions ....1 of which cost ~ $80M....?

logic says ...yes

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did the ticket agency type acquisition include gross ticket sales as part of its turnover ?
...& IFRS15 , now applicable, requires just the nett revenue for ticket agency to be counted.

[hazl] 12/2/2019 09:18

A hospital in Detroit approached them.
Tempted by a different market.
Making it easier for the patient to interact with the hospital and vice versa.

[hazl] 12/2/2019 09:14

According to Schwab Healthcare is outperform still,unlike any different sector in their list.

[smithie6] 12/2/2019 09:06

what are total staff costs in 2017 ...when 11M$ was capitalised

& reported in H1 accnts that booking 20M$ for the year...but that was then, the accnts may be different esp. since exec chair. is no longer full time nor EXEC.

what is the % ?

& is it 'surreal' / nuts ?
& if so will the 20M$ for capitalisation be reduced to say 10M$

reducing profit by 10M$....& collapsing it ?

[hazl] 12/2/2019 08:55

THANKS TO SHANKLIN

[spud] 12/2/2019 08:53

Well that was my lowest buy price for some time!spud

[hazl] 12/2/2019 08:39

this was interesting back in January.
Good for ACSO.

[tsmith2] 12/2/2019 08:38

deluded comes to mind.

[smithie6] 12/2/2019 08:34

1001011

....numerous bulls have criticised the co. for its info provision

so imo its accepted that it has been bad or very bad

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at the moment the general mood seems to be that the new arriving perf. info will not be liked by the mkt

a mood that has been created by the bod and that trading update RNS

dont blame me or my posts....blame that RNS & the bod

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the exec chair. stepping aside in same RNS

and imo mkt sees it as unexplained
and hence connected to forthcoming accnts and new perf. data

and that he has given up exec role 'cause of share price collapse & broken trust of the big instis in him & phps that capitalisation in accnts has been intentionally to mislead the mkt & instis

and hence ...the scenario is "bad"

And Im 100% sure the mkt & Blackrock are right in interpretation of that RNS.

blame the bod...not me

[1001011] 11/2/2019 20:36

First the arrows being shot at the company were for not issuing enough communication between October and the trading update. Now the arrow being shot at the company is for communicating before the trading update. ¯|_(ツ)_|¯

[horndean eagle] 11/2/2019 19:48

Have I got the date of that interview right as being 21st Jan? If so what the hell is he doing giving an interview a week or 2 before trading update. Was he trying to soften up the market or worried about what

[eezymunny] 11/2/2019 16:07

Exec chairman steps down and they say "will also set out a number of new enhanced disclosures relating to the Group's operational and financial performance".

Put it this way....I wouldn't want to be long til that's out of the way!

[hazl] 11/2/2019 15:58

Put it this way ...I wouldn't want to be short myself at this point.

[hazl] 11/2/2019 15:33

It will find it's turning point soon enough..
there are so few shares in issue that the swings in share-price are more dramatic both up and down.

[smithie6] 11/2/2019 15:32

2017 annual. Adjusted EBITDA (co. accounts) = 24.6M$
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nett benefit in H1 due to capitalising more costs than amortising cost number in the $ profit calc. = 7.7M$...up from 3.3M$ in H1 2016

a big jump and that 7.7M$ would I think make H1 loss making !! if put in to the profit calc.
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total liabilities 69M$
total assets (excl intang. assets and tax asset) = 41M$

shortfall of 28M$

no so pretty imo

(and noting that liabilites can not be paid using chunks of intangible assets....they are not dollar notes)

[tsmith2] 11/2/2019 15:17

Smithie6 you are getting increasingly desperate

[togglebrush] 11/2/2019 15:16

FWIW
'
A sign of the times
'
Date_______Time_______Price___Share__Value___Deal
11-Feb-19___14:41:18__730.00___1 ___£7.30p___Sell