Accesso Technology Share Discussion Threads

[davidosh] 24/7/2019 14:55

I have been here since 2003 and it has been rather a rollercoaster at times but the general direction was always upwards over a one year period so this last nine months has been a dramatic change of fortune for long termers like me.

I suspect a full on bidding war will get us back close to £20 especially with a strong dollar as that means our 90% dollar earnings will convert well and also any overseas bidder in a dollar currency will also feel in a strong position when buying in pounds compared to last year.

In many ways I am happy to see us continue this journey independently but at the last Agm something told me that it may be the last one I attended.... With Tom taking a back seat and the original founder who put Tom in place also at the Agm but no longer at all involved I guess it felt like a new era had started with the share price in the wrong place.

Clearly other companies see that as a major opportunity but quite sad that this has not started from a much stronger position.....that said multiple interest is because of the obvious opportunity and weak share price.

[helpaargh] 24/7/2019 14:36

The sell down over past year has been vicious and many lost the faith. I know as I was in from the float and the highs and terrible lows were life transforming.
Tom still holds a large chunk so will want safegaurd his investment.
I am still in.

[wisewilliam] 24/7/2019 14:25

Hopefully there will be multiple potential purchasers who realise the value of the customer base and the intellectual property. The cost of getting to where accesso is would be a lot more than the current market cap.

[supernumerary] 24/7/2019 14:23

Sad ending, but hardly a surprise. Let's hope for a nice clean competition between many deep-pocketed players...

[togglebrush] 24/7/2019 14:20

March 2018, when Tom Burnet stepped down to Non Exec, the heart and drive seemed to go out of this company. This time last Year the Share price was 2840p and by the time of the Interims in Sept it was 2770p. Then the long dive down until the recent turnaround.
'
I suspect the deal to be announced before Interims in Mid Sept 2019
'

[fredfishcake] 24/7/2019 14:19

So, less than a year ago we were at nearly £30. So far today we've rocketed up to nearly £12. I'm hoping there's a lot further to go....

[bumpa33] 24/7/2019 14:09

EC - no prob, i should've made it clear i meant the market makers...

[effortless cool] 24/7/2019 14:04

Bumpa - got you. I had assumed they were a hedge fund. There's 30 lots of 25k in 750k, so should be interesting for them.

[jaf111] 24/7/2019 14:02

Yes very heartbreaking news for the shorters.....I am so (not)sorry for them!!!

[bumpa33] 24/7/2019 14:01

EC, they may be trying to close on behalf of either of those, i don't know - but they're bidding in large size at the mo (25k)

[effortless cool] 24/7/2019 13:59

Ennismore 2% short position at 15 July
JPM 0.64% short position at 3 July

Nothing disclosed by Berenberg above 0.5%, although could easily have less.

The two disclosed positions represent about 0.75m shares.

[bumpa33] 24/7/2019 13:50

Been advised Berenberg are trying to close a short position here.

[the analyst] 24/7/2019 13:46

If I were to guess on a price, I would go for around 4-6x turnover

[1001011] 24/7/2019 13:43

It's anybody's guess (with respect to price) because there's a bidding process. They claim "a number of parties" approaching and "high level of inbound interest."

[the analyst] 24/7/2019 13:43

Live Nation Entertainment?

Market Cap $15 billion, owner of Ticketmaster etc., would make a good fit, imo

[jaf111] 24/7/2019 13:37

forecast take-out price anyone???

[1001011] 24/7/2019 13:29

They have two or more parties interested in buying the company, and there will be a bidding process, per RNS.

[jonnycj] 24/7/2019 13:28

Up for sale...

[ali47fish] 24/7/2019 13:27

what's happening here is that really 40pc up no rns nothing!

[1001011] 17/7/2019 13:15

"Six Flags - (7/16/19) Six Flags has sent out another very interesting survey this week. This one seems to suggest that the theme park company is eyeballing the possibility of expanding into smaller markets through building their own Six Flags branded Family Entertainment Centers. They survey asks readers for their opinion on the modern batch of indoor attraction concepts like Trampoline Parks and Climbing Facilities, and mixing them with other more traditional FEC style attractions..."

[spud] 17/7/2019 09:13

For those still interested, Ennismore have increased their Short position taking the total stock on loan to 2.64%.

spud

[rivaldo] 09/7/2019 08:33

News yesterday that Merlin are to open a new Legoland water park at Gardaland in Italy.

Undoubtedly ACSO's water park and admissions tech will be rolled out here too. Which will bring in further continuing revenues and profits for the entire lifetime of the park:



"Italy's Gardaland to open Europe's first Legoland Water Park

July 8, 2019, 12:41 PM · Less than a month after taking over the parent company of the Legoland theme parks, the owners of the Lego Group are moving swiftly to expand Lego branding at other theme parks in the Merlin Entertainments chain.

Gardaland Resort, the Merlin property in northeastern Italy, announced today that it will add a Legoland Water Park to its resort, which also includes a Sea Life aquarium as well as Gardaland Park and a hotel. This would be the first Legoland Water Park not built adjacent to a Legoland theme park and the fifth Legoland Water Park overall in the world, following those at the Legolands in California, Florida, Dubai, and Malaysia.

"The LEGO brand is renowned globally and will undoubtedly contribute to strengthening Gardaland Resort's position as a major European tourist destination, as well as confirming it as a top player for family entertainment," Gardaland CEO Aldo Maria Vigevani said in a press release. The most recent TEA/AECOM Theme Index attendance report ranked Gardaland as the eighth-most-visited theme park in Europe, with 2.9 million visitors in 2018.

etc"

[1001011] 08/7/2019 06:53

Theme parks (& other summer attractions) are apt to make adjustments in their off-season. No sense in getting too antsy over what is or isn't signed in the summer.

[spud] 06/7/2019 18:59

Still looking for a compelling reason to reinvest - Maybe it'll present itself when the next set of numbers are unveiled. spud