Accesso Technology Share Discussion Threads

[aimingupward2] 09/9/2021 09:59

So a share that does not pay dividends would be worthless on that reckoning, wad ?

[the white house] 09/9/2021 09:45

If you do not get it do not post

[wisewilliam] 09/9/2021 09:45

It is also the value of the company and its intellectual property and assets such as software to someone else eg a potential acquirer.

[wad collector] 09/9/2021 09:32

The rise continues...
What I don't get with these tech stocks is basis of valuation being so much about future earning potential rather than current profit. A dividend does not look imminent and yet the capitalisation is about £400M.
Ultimately the value of a share is only about the yield or anticipated yield.

[rivaldo] 08/9/2021 15:04

Shore Capital and Peel Hunt both say Buy:



"accesso Technology forecast upgrade prompts 12% jump in the share price; brokers impressed

“We view accesso as well-positioned to capture the growing e-commerce and digital solution trends,” said Shore Capital in a note to clients

accesso Technology Group PLC’s unscheduled profit and revenue upgrade has been greeted with 12% jump in the share price.

The revelation that trading at the electronic ticketing and queueing solutions group is now at pre-pandemic levels also sparked a flurry of positive broker coverage.

“We view accesso as well-positioned to capture the growing e-commerce and digital solution trends,” said Shore Capital in a note to clients.

“It has a growing global client base and a diversified offering that collectively can address consumer/ business demand across leisure, entertainment, and cultural markets.”

Shore repeated its ‘buy’ recommendation, pointing out the shares are currently trading at an attractive discount to the wider software-as-a-service industry.

Peel Hunt also repeated its ‘buy’ advice in the wake of accesso’s update.

It said: “As previously flagged, accesso is taking advantage of this newfound interest in its technology solutions and is deploying additional resources across implementation, development, and customer support.”

Earlier, accesso raised its 2021 revenue forecast to at least US$117mln, representing a full recovery to 2019 trading levels.

In a statement ahead of its interims next week, the ticketing and virtual queuing specialist said cash earnings (EBITDA) will be “significantly ahead of current market expectations” for the half-year and 12-month period.

“The group is currently deploying additional resources across technology implementation, product development and customer support to calibrate for the new demand,” investors were told.

“As previously signalled, these investments will have a limited impact on cash EBITDA in 2021; their full annualised effect will be felt in the 2022 financial year.”

accesso said through July, August and the Labor Day holiday period it had built on its “excellent first-half performance and continued to capture high demand for its technology solutions”."

[w13ken] 08/9/2021 13:04

Opimisery, Simply Wall Street has set a fair valuation - based on Discounted Cash Flow - of 1224p. I'm not a financial analyst but that 32% does not sound unreasonable in the next year. I cannot emphasise enough to watch the video of Steve Brown mentioned in my previous mails. There are big global plans for the future and world-beating technology for queueing and ticketing management that mean the current £385m market cap could look cheap soon. If you're British you'll be familiar with Merlin Entertainment and how big they are so it's telling that they chose accesso. But that's just theme parks and if you can buy a ticket for it then accesso can help and most of it will be repeatable revenue. Have a look around their website - it's excellent.



I topped up again today, even at over 900p.

[opimisery] 08/9/2021 12:20

Where do you see this going W13Ken?
Ive been a SIPP holder since May and recently added to my ISA @ 7.14.

[w13ken] 08/9/2021 11:09

Topped up again while this is still 3 figures :-)

[aimingupward2] 08/9/2021 09:57

Look at the graph of the share price over 5 years. It’s a lovely bowl shape, promising a big upswing over the next year or two

Edit 11.25a.m. An hour ago there were twice as many shares sold as bought. Now 'buys' exceed 'sells'. People are waking up to the prospects here. A positive outlook statement with the interims on the 14th may well give it another nudge up.

[w13ken] 08/9/2021 09:53

Market Cap is £374m so not that challenging considering the global potential. I might still buy at this price or on any small dip - even though I have a fair bit now - as they are expanding beyond theme parks to theatres, sports stadiums, airports etc. The full update on FY results is on 14th Sept so we'll hear more then.
DYOR and good luck.

[w13ken] 08/9/2021 09:12

repeat of 4990 as it was a turning point for me - up 45% since: ...I finally got around to watching the whole thing yesterday and was so so impressed by Steve Brown and have topped up again this morning. I wish I'd seen it last year as shares were 270p last July and are 620p+ now!
I really recommend the interview to anyone invested or interested in accesso as you get to know more about Steve's character, how he got to the top, how the shares dropped 80% after he left and why he returned, why accesso bought complementary companies and much more. It was interesting for him to be interviewed by Theme Park experts rather than just the same old finance faces. He combines entrepreneurial spirit, energy, inspirational qualities and in-depth specialist knowledge expertly. Naturally the interview focused on Theme Park Attractions but accesso are moving into management of Airport queuing in a big way and the market there is enormous. I'll leave you with this quote from Steve: "The number 1 reason that people don't go to Theme Parks is “I don’t like waiting in line. Number 2 is how much it costs. Always in that order. If you can address the number 1 objection consumers have to doing something why would you not address it?”

[aimingupward2] 08/9/2021 08:36

On top of all this is the huge potential market, for ACSO, of airport passenger management.

[wad collector] 08/9/2021 07:30

Good to see you on here Rivaldo , a good sign in my view.
Now that share price rise up to the TU really is suspicious...but pleased to see the numbers.

[rivaldo] 08/9/2021 06:20

Another huge revenue upgrade today - July's update raised revenue expectations to over $100m, and today's update raises them again to over $117m.

And this will result in "Cash EBITDA being significantly ahead of current market expectations for both the half and the full year"......

Lovely stuff:

[aimingupward2] 01/9/2021 09:35

More like racing away, I would say, and further to go.

[mwainw1973] 31/8/2021 18:06

Grinding north

[wad collector] 31/8/2021 16:53

I do like to see a share price rise ahead of results. Not that any leakage could ever happen of course..

[mwainw1973] 26/8/2021 11:37

Not following ?

[the white house] 26/8/2021 11:09

Aftertimer

[mwainw1973] 26/8/2021 10:39

Happy with my top up yesterday and looking forward to results

[fergusun] 26/8/2021 10:30

Going up with no volume ?

[w13ken] 26/8/2021 09:16

There's been a 20% rise in under 2 weeks as investors are waking up to the potential with accesso technology. US ii's Long Path Partners have built their stake to 13.29% of all shares so have understood the vision, probably having met Steve Brown on a number of occasions.

I'm still expecting further gains up to and around the H1 results on Sept 14th. Simply Wall Street has fair value set as 1229p.

[mwainw1973] 24/8/2021 19:37

Buying into the results

[fergusun] 19/8/2021 13:39

No volume and still going up ??