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ACSO Accesso Technology Group Plc

536.00
5.00 (0.94%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.94% 536.00 531.00 536.00 536.00 531.00 535.00 28,939 16:25:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design 139.73M 10.06M 0.2395 22.38 225.08M
Accesso Technology Group Plc is listed in the Cmp Integrated Sys Design sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 531p. Over the last year, Accesso Technology shares have traded in a share price range of 500.00p to 822.00p.

Accesso Technology currently has 41,993,464 shares in issue. The market capitalisation of Accesso Technology is £225.08 million. Accesso Technology has a price to earnings ratio (PE ratio) of 22.38.

Accesso Technology Share Discussion Threads

Showing 4626 to 4649 of 5375 messages
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DateSubjectAuthorDiscuss
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.
1001011
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.
fredfishcake
26/2/2020
10:16
As soon as Covid-19 hits the US this will fall sharply.

Sub £2 is very possible.

crescenter
25/2/2020
06:51
If you believe the China figures that is
traderglt
24/2/2020
19:06
Still has to make 100x+ the number of rounds before it can catch up to the ole flu.
1001011
24/2/2020
16:35
Surprised this hasn't fallen further with Covid19 doing the rounds
traderglt
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.
jeffus77
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
brummy_git
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.
tkamp
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?
jeffus77
17/2/2020
08:31
600 looking easily attainable.
brucie5
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."

rivaldo
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
brummy_git
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!

orange1
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).
1001011
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

spud
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.

orange1
13/2/2020
10:56
FYI All - Forecasts & valuation metrics for accesso vs software peers can be found here:
brummy_git
13/2/2020
10:23
My tuppence worth is that they'll need more cash. spud
spud
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.

orange1
13/2/2020
09:58
So, basically, your claim that "in the recent update they stated that their financial condition had deteriorated" is false?
effortless cool
13/2/2020
09:53
Net cash year on year has gone down, admittedly by a relatively small amount.

The borrowing facility is to reduce by $10m at the end of March. As of end of June 2019 ACSO had borrowings of $ 24.7m. Can't imagine they will be lower than this in June 20. The borrowing facility is reducing to $ 30m in March 20.

The sacking of Noland and the re-appointment of Brown will have cost a few million dollars I imagine.

orange1
13/2/2020
09:20
Net debt at 30 June 2019 was $15.2m. Net cash at 31 December 2018 was $0.5m. Net cash at 31 December was estimated to be $0.2m.

Please can you clarify how this is consistent with your claim that "in the recent update they stated that their financial condition had deteriorated"?

effortless cool
13/2/2020
09:09
In the last set of results, six months period to June 19, they reveal that they bled cash of $ 11m in the period leaving them with just $ 9m.

(See pages 8 and 13).

In the recent update they stated that their financial position had deteriorated.

The business of ACSO is seasonal whereby cashflow in the second half of the year is much better than in the first. In addition, they have borrowing facilities (which reduce at the end of March 2020 - see page 8). But still.

orange1
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