Accesso Technology Share Discussion Threads

[hazl] 14/2/2019 09:43

Actually this is interesting .
Again by Paul Summers September 2018 again before the drop but with acknowledgement that the profit is excluding certain factors.
Be interesting to see statements from company soon !

'Still growing fast

Growth has been driven by a mix of organic expansion and acquisitions. Today’s half-year results suggest that the company’s momentum remains strong.

Sales rose by 16.7% to $54.4m during the six months to 31 March, while adjusted operating profit rose by 68% to $11m.

Admittedly, this profit figure is flattered by excluding all acquisition-related expenses and non-cash charges. But even if we include cash expenses relating to past acquisitions, my sums suggest underlying operating profit rose from 72% from $5.4m to $9.3m.'

[tsmith2] 14/2/2019 09:37

Poised v nicely to move up v nicely

[hazl] 14/2/2019 09:26

written in October before the drop



Again interesting to read now that we are in this current position.

[hazl] 14/2/2019 09:12

After all a year ago we were getting headlines like this....



We do know that things do change and a company's prospects do go up and down.
It depends really if you think the future will show better prospects than we have here today.
An individual choice.

[hazl] 14/2/2019 08:58

Above written when the share was trading at over 9 pounds a share 7th this month.

[1001011] 13/2/2019 18:29

Broadly in line with market expectations minus the stated $1.7 million expense (effect of 6c or 5p per share). Hence, the sum total of anything heretofore undisclosed has less effect on profit than the $1.7m they were compelled to mention.

[hazl] 13/2/2019 17:49

I am actually really, really pleased I have been able to get some of this company at a fraction of the price they were.

I feel for the people who suffered such a fall over the last couple of months.

There are always 'unknowns' with any share.
There are never any guarantees in any, and this is no different.
However this has sparked my interest on more than one occasion, and clearly we will find out more when the company give their statement.

Good luck to those that remain. I could have already sold out at a profit also but I am excited to see what happens next and where this company are going.

[eezymunny] 13/2/2019 17:47

The "fact" that seems to have caused the share price to crash is the company's own statement (notice of the forthcoming "great confession"), nothing to do with my guessing what "the great confession" might actually be!

[hazl] 13/2/2019 17:38

POST ABOVE

'hypothetically '

'And lets say'

In other words you've made up a story.
Let's have facts!

[eezymunny] 13/2/2019 17:23

If only it were that simple 1001

Just hypothetically if ACSO sold a system to Merlin and it didn't work as promised. And lets say that dozens and dozens of analysts and programmers were required for months and months to get it working. Then you'd expect the costs of those people to be expensed. But that would put a huge dent in declared profits, so the temptation is to capex those costs and tell the world all the costs were to enhance the product (when in fact they were simply to get the software working as promised for a single client). That's the sort of stuff that happens at software companies. I've seen it soooo many times. And I worked in software for 20 years. I don't say for one second this is what has happened at ACSO - we'll have to wait for "the great confession" to see exactly what's been going on.

Which is why you should always look at the accounts of these software companies that are capitalising millions and millions in R n D with a giant pinch of salt IMVHO.

ACSO may be all tickety boo but even if it is, it's mightily expensive here IMVHO.

[tsmith2] 13/2/2019 17:20

Loonies clutching at straws now..

[smithie6] 13/2/2019 17:19

but
imo companies decide their policy for whether they try to capitalise some costs ....or not

and then it is up to the co. to try to get the auditor to agree to the amount of capitalising that has been done.

(I am sure that the % of total labour costs that are capitalised will be reduced :-)
...and as I have mentioned there is a high chance/expectation of write down of some of those capitalised costs....that turn into intangibles assets...noting that Qbot seems to be being replaced by a new generation of product...so if there is any intangible value in Qbot then maybe it will be reduced in the coming annual accounts...while noting that the current year value for it (if it is in int. assets....will already have been amortised over past years....if there is much yet to amortise...I dont know...)
----

number of years over which Asco amortises IT products is also important of course...to see that it is realistic....and not over too many years to reduce the amortisation cost and bump up the calculated profit...

and then have an occasional write down of intang. assets to bring in reality....and producing a hit to the numbers in those years...

(jiggling with capitalisation......very old subject....
some IT cos. dont capitalise almost anything)

[eezymunny] 13/2/2019 17:04

Fine Wisewilliam

Wasting my time here. Nobody prepared to give a valuation with their reasoning. Mug punters. Nothing will ever change.

See you after the "great confession"

[wisewilliam] 13/2/2019 16:48

In reply to various above if you developing a product such as a queuing system that allows all guests to be in a virtual line or a ticketing system that is a world leader surely it would be incorrect to write off the costs against profits to lower the tax bill when you are developing an asset that can be sold. Acso is not doing one off software developments for clients but devoloping a product portfolio with value.

[hazl] 13/2/2019 16:47

Complete falsehoods!

Not surprising and ignoring my points,too.

Getting personal is a sure sign of not having a good argument, I have noticed.

IMO

[eezymunny] 13/2/2019 16:43

So you just had a punt? Nothing more? You'd have more fun at the casino IMVHO... Yet another punter that simply hasn't got the inclination or intelligence to interpret a set of accounts?

[hazl] 13/2/2019 16:37

Good close.
Bodes well in my opinion.

[hazl] 13/2/2019 16:29

Why spend so much time here then...worried it might carry on up?

Perhaps people are able to make up their own minds.

[hazl] 13/2/2019 16:28

Eezy Munny I see your first post on this thread is the 7th February this year why did you not post at £30 giving us your incredible advice??

Clearly just another follow my leader..

[eezymunny] 13/2/2019 16:27

I reckon it may well trade at below £6 once we've heard the great confession, if that's what it turns out to be...."new enhanced disclosures relating to the Group's operational and financial performance". Doesn't sound like something to look forward to imo!

[eezymunny] 13/2/2019 16:24

Amazes me how holders and ostriches are so breathtakingly similar.

Hazl how much do you think ACSO is worth and why?

[hazl] 13/2/2019 16:14

So we have quite a few well-known names mentioned .
Amuses me how the naysayers keep on repeating the same 'old' as if it was still £30 a share!

[hazl] 13/2/2019 16:12

Rivaldo has confirmed on the LSE bb that Paul Scott has bought in.