Accesso Technology Share Discussion Threads

[gleach23] 20/11/2019 20:02

I'm on the look out for a trade. Stock availability tightened up at this level last week at what could be argued is a long term support level going back to 2013-2015. Same happened again today and the Offer firmed a little at the end of the day.

That was more my point. I got lucky last week with the announcement. Longer term holding under water so it helps claw a bit back if one can time a trade well.

[orange1] 20/11/2019 19:22

So if I understand you correctly what you are saying is that from here on the price could go either up or down but it could also remain unchanged.

[gleach23] 20/11/2019 17:07

One week on and the share price is back where it was prior to the announcement of continuing talks. This also happens to be back to a level of historical support on the chart.

Available stock tightened towards the end of the day - it'll be interesting to see where it goes from here, if anywhere.

[kpe] 20/11/2019 16:57

As far as I'm concerned the board have lost interest and thrown the towel in. They've spent far too much time and our money on a process of selling which lets be honest isn't going to reap a deal that will satisfy everyone.Everything seems easy when the share price rises. Unfortunately share prices don't continue vertically.Calm seas never made a skilled sailor.....Message to the board..If you can't be bothered. LEAVE.

[chasbas] 20/11/2019 15:16

I replayed the H1 conference call a short while ago which I found reassuring. The message was not to take too much notice of H1 numbers: they were normal. Second half looks encouraging. They are already doing multi-product deals and can do more BUT not yet the really big ones we are hoping for i.e. Merlin. My conclusion therefore was that ACSO is not a basket case and should be very attractive to a PE investor with a 5 year view. So yes, I'm frustrated as anybody. While I'm hoping for a takeover at a decent price it will be a significant loss to the UK tech scene/market IMHO like Sophos

[palmersgreen] 20/11/2019 14:16

Washbear I think about it often.

[washbear] 20/11/2019 12:21

I m tempted to push my sell button.Put this down to experience.ieIf the PE is mad then the share price follows.There are now so many stocks out there at value prices..low PE s...and well run companies...Any other like minded people?.

[helpaargh] 20/11/2019 09:35

If we get the rollout of the above then things could get exciting again.

[helpaargh] 20/11/2019 06:59

International potential

Could The Bear Grylls Adventure become as ubiquitous as Merlin’s Midway brands such as Sea Life and Madame Tussauds? Vallis thinks so.

“This could be in every major city,” he says. “If you look at Birmingham and the 26 million people within two hour drive time, it was a no-brainer. In China there’s 20 or 30 cities like that; in the US not so many. Once we know what demand there is out there, the demographics, frequency and penetration; we will know if this would work in a city with, say, 7 to 10 million as well.”

As it has done at the NEC, the company would prefer to adapt existing buildings than build from scratch. “At the moment we are looking at ‘boxes’ because it saves with the cost of construction. I don’t think it needs to be in a mall like a lot of our Midways. It’s more about having the space, the communications, road network and the car parking. Depending where you are, you could have it all indoors, or a smaller indoor space and a bit more outdoors.”

[1001011] 18/11/2019 16:48

IAAPA Expo 2019 this week in Orlando, Florida. Will they get a positive press release out of it?

[crescenter] 18/11/2019 15:10

Normal service seems to have been resumed.

Sub £2.00?

[palmersgreen] 14/11/2019 08:46

I can't wait to make the money i put into ACSO back. This rollercoaster ride is no longer interesting and frustrating. Pun intended.

[crescenter] 14/11/2019 08:21

Errr All of them which is why they are offering below the current share price.

They are still in the game as they know the BoD has painted itself into a corner.

If they cancel the process the share price will fall substantially and they will be out of a job and a poor mark on their CVs.

Hoist by their own petard.

[1001011] 13/11/2019 18:59

Which of the "several parties" still paying their investment bankers, etc. to do due diligence thinks ACSO is grotesquely over valued? Their opinion is more consequential than yours at this point.

[crescenter] 13/11/2019 16:16

Poor cash flows.

Low profits ($6m last year down on the previous year)

Low EBITDA.

High capitalised dev expenditure$21m!!

Grotesquely over valued.

Shareholder funds are less than the intangible assest on the balance sheet.


Nobody will be makimg a high bid for this.

Low ball only which obviously is all they have received hence they are begging for more.

[helpaargh] 13/11/2019 15:48

More likely the bod could't keep up with Tom's big acquisition spending spree and decided to reign him in, so he did a Cameron and left to join Kainos, a company that
is further down the road than ACSO. Incidentally they have just announced two company acquisitions.

[spud] 13/11/2019 14:05

Wouldn't surprise me. The Company has been a total SOS (shower of sh1te) since he was demoted. spud

[togglebrush] 13/11/2019 14:01

Gossip:- Accesso's former CEO, Tom Burnet, has just been promoted from NED to Chairman at Kainos (LON:KNOS) - which makes me wonder if maybe his interest in ACSO might be waning?
'
Append RNS extract 26 Sept 2019 confirmation
'
Mr Tom Burnet, currently an independent non-executive Director of the Company, chairman of the Remuneration Committee and a member of the Nominations Committee, has today been appointed Chairman of Kainos Group plc and chair of the Nominations Committee. Tom will be taking over these roles from Dr John Lillywhite, the current Chairman, who retires today. Tom will continue to chair the Remuneration Committee for a short time until a successor is appointed.
'
Tom was previously CEO and Executive Chairman of AIM company accesso Technology Group plc ("accesso") and following his retirement from these positions, continues to serve on the accesso board. Tom is also: non-executive Chairman of PCMS Group; non-executive Chairman of The Baillie Gifford US Growth Trust plc; and non-executive Chairman of Inspired Thinking Group (ITG) Limited.

[gleach23] 13/11/2019 09:07

Thank you tkamp. Precisely.

Edit - Bid now up to 625p and just 100 shares available to buy so strength remains for the moment.

[tkamp] 13/11/2019 08:57

@Crescenter,

Where do you see anyone claiming Accesso is in a strong position? No one is claiming that here, that's also why they won't be able to sell the company for 1,500p... However the share price has gotten so depressed now that a buyer might be willing to pick it up for 800 or 900p.

Stop talking about meaningless things like 'strong' vs 'weak' position. This is about whether someone is going to make an offer at a premium to the latest share price. Naturally then as the price drops the odds of an offer increase. It's not rocket science. No one is expecting an amazing offer, but 900p is already 50% above the current price (and 60% above yesterday's price).

[oilinvestoral] 13/11/2019 08:54

Rushing a sale is not a smart move! Pushing for a hard sell with extremely tight deadlines is a sign of desperation!

[crescenter] 13/11/2019 08:43

Lol.

80 days.

Have a peek boys.

Not happy.

Oh come back and have another look.

Please make an offer.



No

You give them access to a data room and a deadline.

If the offering is attractive you get competing bids and an early sale.

This is not the way to conduct a sales process if you are in a strong position.

[oilinvestoral] 13/11/2019 08:39

They have do complete due diligence first! SMHIt's like asking someone to buy your house with reading the report or going inside for a viewing!!!

[oilinvestoral] 13/11/2019 08:36

600 just about to be smashed! I can see a close up 650 easily! Buying pressure seems to be relentless!