Accesso Technology Share Discussion Threads

[mr hangman] 26/2/2020 14:21

500/-.....

[traderglt] 26/2/2020 14:19

Well let's see how that post ages - it's not just theme parks they are on cruise liners

[palmersgreen] 26/2/2020 13:27

@Mr Hangman... 500 deaths in the UK? There's not even been 1.

Check here for real stats: hxxps://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6

[mr hangman] 26/2/2020 13:19

lol, in 3 months all theme parks will be shut, talking about 500/- deaths just in the UK

[1001011] 26/2/2020 13:11

You got 3 months until the summer holiday season. By then the news will have moved onto to the next doomsday story.

[fredfishcake] 26/2/2020 10:28

Yep, I've sold today - may re-buy when Covid scare is over, but I don't think theme parks are likely to do well in the near future.

[crescenter] 26/2/2020 10:16

As soon as Covid-19 hits the US this will fall sharply.

Sub £2 is very possible.

[traderglt] 25/2/2020 06:51

If you believe the China figures that is

[1001011] 24/2/2020 19:06

Still has to make 100x+ the number of rounds before it can catch up to the ole flu.

[traderglt] 24/2/2020 16:35

Surprised this hasn't fallen further with Covid19 doing the rounds

[jeffus77] 17/2/2020 09:39

Yeah. Certainly, the company is valued way less than its claimed asset value. But unless there's something much more positive in the results than the company has already flagged, I feel the share price will shoot back down when they are published.

[brummy_git] 17/2/2020 09:30

The key will be what Steve Brown CEO says in terms of going forward. Even at 570p shares would still trade on 1.9x EV/sales, a material discount to peers at 3-5x

[tkamp] 17/2/2020 09:15

Impairments on average do not impact share prices. There's been loads of academic research into the topic and investors usually incorporate the signal-value of expected impairments before they are announced. The event itself is non-cash anyway. I doubt write-downs would really surprise anyone.

[jeffus77] 17/2/2020 09:09

This stock is giving me ulcers. Turnover falls by 10% and the share price falls by 80%. Then these huge swings up and down since. The Annual Report will be out soon enough, and as others have pointed out we know there will be huge markdowns of assets. Will the share price then go back down to 3.50? And is it always like this with AIM stocks?

[brucie5] 17/2/2020 08:31

600 looking easily attainable.

[rivaldo] 14/2/2020 08:44

More tweets from Paul Hill of PMH Capital FYI:



"I'm still 'long & strong' wrt all 3 of my conviction plays that were discussed on the webiare - #ACSO, #NBI & #TXT.

Indeed here are my latest estimates for @accessoTech with a valuation of >600p/share, but could quite easily see hit £10 in 2-3 years."

And:

"#ACSO. Investors of all shapes & sizes, understandably hate missing out when shares move higher. However in the case of @accessoTech, even after today’s >10% move, the stock at 490p still has plenty of gas left. Trading on 1.6x EV/sales vs 3.2x for AIM software companies."

[brummy_git] 13/2/2020 14:26

Noland would have gone with a 12 month 'salary' (no bonus) pay-off. Small beer though at probably $350k-$400k

[orange1] 13/2/2020 14:19

Do you really believe that Noland resigned without a pay-off?

Don't you think Brown came in at a salary that was higher than that of Noland? If he didn't his negotiating skills are not very good!

[1001011] 13/2/2020 14:00

Why would "The sacking of Noland and the re-appointment of Brown will have cost a few million dollars I imagine"? Noland agreed to "resign", and they didn't need to pay any headhunter to find Brown (whose options payday is scheduled for 2023).

[spud] 13/2/2020 11:31

Net cash at the period end is expected to be c.$0.2 million.

Check out their credit % utilisation.

spud

[orange1] 13/2/2020 11:24

Thanks. I now see there is absolutely nothing to worry about. According to those figures net cash in 2026 will be $ 192m, on a turnover of $ 159m.

Sadly no dividend.

Lol.

[brummy_git] 13/2/2020 10:56

FYI All - Forecasts & valuation metrics for accesso vs software peers can be found here:

[spud] 13/2/2020 10:23

My tuppence worth is that they'll need more cash. spud

[orange1] 13/2/2020 10:19

This is what they said:

"Full year 2019 reported revenues are expected to be at, or marginally below, the lower end of the previous guidance, at between $117 million to $118 million. Adjusted reported EBITDA, excluding costs associated with the Formal Sale Process, is expected to be not less than $27 million, cash EBITDA of not less than $6 million and total development expenditure and capitalized development is expected to be in line with previous guidance at c.$33 million and c.64% respectively. Net cash at the period end is expected to be c.$0.2 million."

Reported revenues at lower end of previous guidance or below. This is excluding the costs associated with the formal sale process, the costs associated with the sacking of the old CEO and the appointment of the new. Reduced borrowing limits is also relevant to the financial health of the company.