Accesso Technology Share Discussion Threads

[bonio10000] 23/1/2020 07:29

As a company valuer, why this needed 6 months is beyond me.

Other than interested parties dug and dug and didn't like what they saw. As a result, the company has effectively been told via the process that carrying values of assets are meaningless.

[igbertsponk] 23/1/2020 07:27

Ouch! No cash would be the worry.

[bonio10000] 23/1/2020 07:21

Horrific

I did say management were a complete shower.

I assume they have been handsomely rewarded on the way up though.

[crescenter] 23/1/2020 07:10

Sub £2.

The best brains in finance cannot see value in this.

Major write offs to come.

No tangible assets.

Stumbling trade as predicted.

SELL.

[multibagger] 23/1/2020 07:07

I won't be surprised if RNS announcements from this morning will take another 25% or more off the share price

Not looking healthy at all.

[1001011] 22/1/2020 12:56

The largest buyer yesterday was Jupiter Asset Management Ltd, who bought a 25,000 share block. The largest seller was Canaccord Genuity Wealth Ltd for Discretionary Clients, who sold in quantities 9,700 and 705.

[1001011] 22/1/2020 04:30

SI is Systematic Internaliser ["an investment firm which... deals on own account by executing client orders outside a regulated market..."]. The Forms 8.3 on the 22nd might tell you who is buying and selling here.

[hatfullofsky] 21/1/2020 21:40

Very low volume and limited buys (as reported) over the last 3 trading days.

Is this being walked down ?

[togglebrush] 21/1/2020 16:34

some large SI Trades today
'
Date Time Group____Price____Number __Value
'
15:58:49 21-Jan-2020 445 GBX 20,000 _£_89,000.00 Off-book SINT
15:47:29 21-Jan-2020 450 GBX 25,000_ £112,500.00 Off-book SINT
13:52:03 21-Jan-2020 460 GBX 15,090 _£_69,414.00 Off-book SINT
'
I believe these echo trades made on International or other Exchanges ???
which account for the bulk of the roughly 105,000 shares traded today
'
For scale Daily Volume Stats during the For Sale period
Q3______93,479
Median__44,832
Q1______19,252

[bonio10000] 21/1/2020 16:03

Post 4517

Deals can be done very quickly if there is a will.

What the board have done here is shocking.

[daburd] 21/1/2020 15:47

i think i spoke too soon...

[daburd] 17/1/2020 17:22

very quiet here. I reckon the share price has bottomed out this week and is showing early signs of rising from here. I opened a position earlier this week so here's hoping...

[1001011] 07/1/2020 12:59

Jupiter Asset Management at 5.11% after purchases on 3-Jan and 6-Jan. The 5% mark bestows the power to call for shareholder resolutions if they desire.

[1001011] 06/1/2020 04:33

M&A generally involves two teams of corporate M&A lawyers going back and forth on the details of a multi-hundred page scheme document before it can be presented to public investors. The time for jumping to conclusions is not nigh.

[bonio10000] 03/1/2020 22:30

1001011

Unless management have simultaneously ballsed the chance of a buyout at a decent price and screwed the pooch on the underlying business?

[montyhedge] 03/1/2020 16:11

Can't see this is worth more than 325p. Still a high valuation.

[1001011] 03/1/2020 12:00

bonio, buying or holding here doesn't require any opinion on management competence if one is just trying to play the potential takeover bid. ACSO's clients and revenues would appear to be more valuable bolted onto some other company (who doesn't have/need the same level of R&D spending).

[spud] 03/1/2020 11:38

I know 100 won't thank me for saying it, but the wheels kinda fell off at about the same time Tom's t/o was canned.

He's since turned his attention to KNOS which has flown (aside from today).

spud

[bonio10000] 03/1/2020 11:35

£30 to £4.50?

[bonio10000] 03/1/2020 11:34

So management have done a fantastic job?

[bonio10000] 03/1/2020 10:50

Have the management been fired yet?

[tkamp] 03/1/2020 10:32

No one is going to be able to buy this thing for 2 quid. ACSO has very little debt so there's going to be no fire-sale of the company. If bids are ridiculous, e.g. 2 quid, the company will not be sold and instead continue to operate and be worth more than any extremely low-balled bids.

I don't think anyone is still expecting ACSO to be sold for a good price, but some people here are clearly losing their ability to think straight.

[spud] 03/1/2020 09:57

Certainly not looking good. Either someone wants to buy the damn thing or they want to lowball it. Looking like the second option. spud

[crescenter] 03/1/2020 09:51

I am anticipating a profit warning in the next couple of weeks and either a capitulation bid sub £2 or a halt to the sales process.

Management tine diverted by sales process

Integration issues

Brexit

Blah blah blah.

Soon to join the 90% club

[1001011] 30/12/2019 17:31

The hedge fund Orange River Partners was happy to scoop up 45,000 shares of that, according to their RNS after the close.