Accesso Technology Share Discussion Threads

[oilinvestoral] 21/6/2020 11:16

Mines was scaled back as well. Money refunded soon afterwards. Will be buying more in the market if we drop further

[bouleversee] 21/6/2020 10:30

Not all of us do Twitter so it would be helpful to summarise or at least tell us what they said about Accesso, if anything. The share price is still in the doldrums so presumably the market doesn't think the Covid experience will enhance Accesso's prospects going forward.

As regards the recent placing and open offer, I didn't get the 170 I applied for after all, though I had been charged for them and wasn't notified until June 19 that it had been scaled back and I had only received 119. IWeb handled this very badly on their website. I don't think I shall be getting involved in this sort of exercise again as it seems to me that those who buy in the placing get their hands on the shares and can clean up before those who buy in the open offer get theirs. Or am I misunderstanding how it works?

[rivaldo] 21/6/2020 06:52

Extensive new interview with the CEO covering virtual queue technology, social distancing, limiting capacity at attractions/entrances, advanced reservations etc...

There is a huge, global opportunity here for ACSO across so many sectors (much more than even every single theme park and attraction).

Given ACSO's track record, global customer list, technology already in place and working effectively, and wide patent protection, one would think ACSO are in prime position to clean up here.

Let's hope management are up to the job and can perhaps recover at least some of the sparkle from not so long ago:



Extract:

"Virtual Queues and More with accesso CEO Steve Brown
June 19, 2020

The ongoing coronavirus pandemic is leaving no part of the theme park experience unchanged. As theme parks begin to reopen, their standard operating procedures are drastically different with new safety protocols and other operational changes in place.

In addition to encouraging standard hand-washing and other personal hygiene practices, park operators are encouraging social distancing to prevent the spread of COVID-19. This includes limiting park and attraction capacities, requiring advanced reservations and implementing virtual queue technology.

Enter accesso®, the inventor of virtual queue technology; the tech company has served as the premier technology solutions provider for theme parks, attractions and other entertainment venues worldwide for 20 years. Currently serving over 1,000 venues in 30 countries around the globe, accesso’s patented and award-winning technology helps drive increased revenue for attraction operators while reducing the time guests spend waiting in line, therefore improving their overall experience."

In summary:

"How do you think virtual queue technology will change theme parks in the long run after the COVID-19 pandemic has ended?

Virtual queuing has always been the future of the theme park and attractions industry, but we’re seeing more widespread use ushered in more quickly than expected due to the pandemic. Although current implementations focus on the safety of guests and employees, the use of this technology will forever change the guest experience for the better.

This technology will allow guests to enjoy more of a venue during their visit, which in turn provides a better guest experience, as well as the potential for increased in-park spend."

[ali47fish] 12/6/2020 09:39

interesdting how the share price comes down to the placing price?

[bouleversee] 10/6/2020 16:38

I got all I applied for but then I only applied for 170 as I was afraid of adding to my large % loss.

[ali47fish] 10/6/2020 15:21

BGF Investment Management invests 3pc from 0

[effortless cool] 10/6/2020 12:20

I have both today, although very few from the excess offer.

[togglebrush] 10/6/2020 12:12

Many Thanks JakNife

[togglebrush] 10/6/2020 11:49

New shares have yet to be created to my Account... ANY NEWS of these ???

[togglebrush] 10/6/2020 05:24

Price action in todays casino ???
'
Fully taken up means demand is there !!!
It all depends on supply and who will sell for an instant profit ???
'
Interesting the open offer is 2,131,151 shares (out of 13,481,744)
'
2.1 million is almost the same as market traded on 23 Jan 2020 a One in Hundred day
the price action was :-
23/01/20 open 370 hi 420.00 lo 322.50 close 344.00 volume 2,131,727
'
More interesting 23 January 2020 we also had the RNS:-
'
End of Formal Sale Process and Trading Update

[bouleversee] 09/6/2020 19:45

And what do you reckon will happen to the share price then?

[togglebrush] 09/6/2020 17:03

RNS Synopsis
'
Open Offer has been fully taken up
'
Qualifying Shareholders will receive their Open Offer Entitlement in full
'
Applications for Additional and Excess Shares will be scaled back.
'
AIM Trading is expected to become effective and will commence at 8.00 a.m. on 10 June 2020.

[spud] 05/6/2020 08:31

Never had a problem with TB and thanks in large part to him, made me a wealthy individual along the way.spud

[supernumerary] 04/6/2020 21:21

EC - sad about the probate loss - that must have been so painful to watch :¬(

I can't disagree with the rest of your post, but think you're being a little unkind to Burnett. He made a shed-load of money for investors, and if he filled his own pockets along the way, it's really only par for the course. Many other CEOs enrich themselves while impoverishing their shareholders. He maybe needed a stronger board to keep him in check, though.

My worry remains that they still don't really seem to have a technology guru. Brown is an ops guy, and I'm not sure he or anyone else at that level in the company can work out an integration strategy for the various acquisition. It's a problem both of integrating the back office software, and then of presenting the result as a coherent marketing strategy. They need to get rid of the slight feeling of having lost their way as queuing became a less important segment of their business.

Incidentally, I think another plus point is that the institutions have obviously not entirely lost the faith...

[togglebrush] 04/6/2020 20:23

Forthcoming action for Open Offer etc
'
Latest time and date for splitting Application________3.00 p.m.5 June 2020
Forms (to satisfy bona fide market claims only
Latest time and date for receipt of completed_______11.00 a.m. 9 June 2020
Application Forms and payment in full
from Qualifying Shareholders under the
Open Offer or settlement of relevant
CREST instruction (as appropriate)(3)
Latest time and date for receipt of Forms___________11.30 a.m._5 June 2020 *
of Proxy or submission of proxy votes electronically
Record time for the General Meeting_________________6.30 p.m__ 5 June 2020 *
General Meeting_____________________________________11.30 a.m_ 9 June 2020
Announcement of the results of the General ____________________9 June 2020
Meeting and the Open Offer
Admission effective and dealings in the________________________10 June 2020
New Ordinary Shares expected to commence on AIM
Expected date for crediting of the Open________________________10 June 2020
Offer Shares in uncertificated form to
CREST stock accounts(3)
Expected date of dispatch of share certificates________________23 June 2020
in respect of the Open Offer Shares
'
Dates with * are out of sequence but as published

[oilinvestoral] 04/6/2020 19:38

Anyone know when the new shares are expected to come?

[effortless cool] 04/6/2020 15:30

True JAF111, but I needed to build up to the punchline!

[jaf111] 04/6/2020 15:10

Effortless.....good post, allbeit actually you could have summarised it into 4 words -
wife
won't
let
me
!!!!!!!!!

[effortless cool] 04/6/2020 15:03

ali,

Thanks for your kind words - I don't get many of them on ADVFN!

I held ACSO (LOQ) for a long time, but sold out years ago. We find ourselves back invested here as a result of my wife's inheritance. I had put my in-laws into LOQ long ago, and they had not sold, leaving ACSO the dominant part of the estate at the start of probate, and the estate much smaller by the time probate was completed.

The above is a long-winded way of explaining that I am invested in ACSO without doing the level of research that I would normally do.

I have not sold, however, for four main reasons:
- Tom Burnett has gone. I never trusted him and always felt that he ran the business for his personal enrichment, rather than the wider shareholder base.
- I believe that there must be value in their technology that is not reflected in the current market valuation.
- The significant personal investments that Steve Brown, the new CEO, has made, suggest that he believes there is value in their technology too.
- My wife is still anchored to £29 per share, and won't let me.

[bouleversee] 04/6/2020 14:09

I think it's too late now anyway, isn't it? I'vs put in another £500 but I daresay I'll regret it.

[ali47fish] 04/6/2020 14:08

hi effortless i am familiar with your name and i remember you are astute in your comments-do you think the company's outlook is positive-and is the technology for queuing and theme parks strong enough to propellt the share price long term