Accesso Technology Share Discussion Threads

[rivaldo] 01/11/2021 07:11

RNS - great to see the CEO buying another $101,200 of shares. A rather confident purchase:

[w13ken] 27/10/2021 15:42

Steve Brown interview with Katie P at Proactive.

[w13ken] 27/10/2021 12:45

1300p! :-)

[rivaldo] 27/10/2021 12:17

:o))

Perhaps all the recnt upgrades will shift them from their bottoms - and bring a sharp upgrade as per Peel Hunt above.

[strange1] 27/10/2021 11:59

Meanwhile their house broker still can't bring themselves to suggest ACSO as a "buy" and has a price target of 700p!

[rivaldo] 27/10/2021 11:15

Peel Hunt today say Buy with a 1300p target (Shore Capital also say Buy, no price target):

[rivaldo] 27/10/2021 10:30

With the credibility and connections that come with Steve Brown, I wonder if ACSO can return to the glory days of 3,000p.

The background is much more solid and the potential much larger these days given the trends outlined in post 5059 above by the JO Hambro fund manager, and ACSO remains one of the leaders and perhaps the market leader in the space.

[rivaldo] 27/10/2021 07:02

...and all that investment will of course bring about even faster growth and revenues from next year onwards, along with higher margins.

[janeann] 27/10/2021 06:36

all good except for the impact of the investments in 2022..... 'As previously signaled, these investments will have a limited impact on Cash EBITDA in 2021, while their full annualised effect will be felt in the 2022 financial year'

[rivaldo] 27/10/2021 06:10

Yet another upgrade this morning - 2021 revenues are now expected to be $124m (up from the previously forecast $117m). That's above pre-pandemic levels....

And "profitability continues to improve as the growth in its higher-margin products outpaces those products with lower margins".

It looks like 2022 will be an absolutely bumper year, whilst 2021 is looking better and better for ACSO with "high demand in its end markets, coupled with the increasing use of its revenue-generating technology across its customer base" and higher margin sales doing the outpacing:

[w13ken] 18/10/2021 09:53

Nice one Rivaldo, like it...

[rivaldo] 18/10/2021 06:28

A rather good read this morning......"a lot more upside to come":



"JOHCM’s Costar praises ‘must-have’ Accesso

There is a lot more upside to come at ticketing and queueing technology group Accesso (ACSO), says JOHCM manager Mark Costar.

In his monthly fund update, the Citywire AA-rated manager of the £500m JOHCM UK Growth fund said Accesso had delivered three ‘positive profit warnings’ so far this year and that he sees ‘considerably further upside in this unique asset’.

Costart said the company was benefitting from post-Covid-19 shifts and praised its ‘proactive investment programme and accompanying fundraise last year’.

‘Simply put, the company’s solutions have gone from a nice-to-have to must-have,’ he said.

‘Theme parks and other high-volume destinations need to offer mobile ticketing, virtual queuing, and digital e-commerce to their customers to allow efficient capacity management in the new world, [and] fulfil local regulations and the increasing expectations of their customers.’

Costar added that the ‘growth trajectory here continues to be materially underestimated and it remains a conviction position within the portfolio’."

[aimingupward2] 12/10/2021 15:56

Thanks rivaldo. Very interesting.

[rivaldo] 12/10/2021 12:26

This reads rather well - too long to copy, so here's some highlights:



"Festivals, ski resorts and more expected to drive 2022 growth at Lake Mary tech firm accesso
Oct 8, 2021

Steve Brown’s aunt and uncle, who are in their 80s, now order their groceries online.

The relatives of accesso Technology Group PLC’s CEO, like many during the Covid-19 pandemic, learned to use contactless technology because they had no other choice, said Brown. “We’ve opened up a whole new sector of consumers who previously were tech resistant."

This underscores the rising demand for the convenience offered by Lake Mary-based accesso’s technology that’s used in theme parks, cruise lines and event venues....

......How have consumer demands in the events and entertainment space changed in the past year? There’s a push and pull happening. On the consumer side, they want things more convenient. They don’t like waiting in line. If places don’t have virtual queues, there’s an attitude of “get with the program.” They want everything on their mobile phone, period — and to be easy. On the venues side, they’re dealing with labor availability challenges and cost increases as big as ever seen before. Operators have this need to operate more efficiently. That’s intersecting with consumers wanting an easier route to ordering tickets, food, etc.

Which of accesso’s business segments offer the biggest opportunities in 2022? We see a little opportunity everywhere. The speed of recovery is a little different. Theme parks have reopened. Theaters, fairs, festivals — we’re just now seeing that come back. They’re thinking, “We might need to upgrade what we have.” People have higher expectations now. They can’t reopen the same way they were when they closed in March 2020. Also, the ski industry is notably strong for us. It was looking for quick upgrades to do bookings and reservations ahead of time. That’s been our largest area of growth. Venues are looking for mobile food and beverage ordering. It’s a newer product for us, but we’re seeing demand pick up across the customer base because consumers don't want to wait in line, and because of labor issues.

Accesso this year entered the air travel industry and deploy a pilot virtual security line at Boston Logan International Airport. Why? Early in the pandemic, we looked at a lot of opportunities, mostly inbound. Businesses were interested in virtual queuing, but mostly temporary. The airport was not pandemic related. There was a general trend in the airport operating space to find passenger satisfaction, especially for the infrequent traveler. Boston was interested in piloting and making the airport a laboratory. This is not a queue at a license plate renewal; this is thousands and thousands of people.

Will accesso expand into the airport sector? The survey results were 96% of passengers said there was less anxiety in the experience. We’ll see where it goes. Airports are complex environments to sell into. You’ve got a lot of people at the table. These are long-game strategies."

[mwainw1973] 05/10/2021 09:30

Settling around fib retrace level 1 after rise of late, be interesting to see where goes from here

[aimingupward2] 23/9/2021 08:28

ACSO seems to have regained it’s poise and is nicely up so far this morning on a positive market opening. Looks set for further gains.

As I said on 8th Sept’, “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.”

[aimingupward2] 21/9/2021 11:27

Yesterday, while the mkt fell heavily, ACSO shares went up. Today, as the mkt recovers, ACSO goes down. How contrary!

[rivaldo] 21/9/2021 07:13

New article from ACSO about their Virtual Queueing solutions - reads well, particularly in these COVID times.....

[bouleversee] 19/9/2021 20:04

Well, yes. I should think so but doesn't make me too happy. Thanks, anyway.

[spud] 19/9/2021 19:52

I see a top up point between 700-600p. If it gets there and support at that level holds then I don't think you'll go far wrong. spud

[bouleversee] 19/9/2021 19:16

Well done, Spud. Some of us are still waiting to get back to our purchase price some time ago, briefly glimpsed last week but rapidly eclipsed. I don't understand why the price isn't higher but have thought that about other holdings, topped up and lost even more so will resist the temptation of piling in.

[spud] 19/9/2021 18:38

I remember buying this in the 20p's in about 2008 and selling on the way up to £29 holding 150k shares at one point. I traded a load and made a load. I also bought a load on the way down which I subsequently sold in early 2019. It facilitated my retirement in 2015 for which I'll always be grateful for. I also made a note to buy back at 320p which I didn't do. I recall making a post to that effect here some years ago. Now why didn't I follow my hunch? Hey ho, sometimes you can be too greedy! spud

[ali47fish] 18/9/2021 21:07

w123 that 's the investor chronicle

[w13ken] 18/9/2021 19:00

The FT has a BUY recommendation for accesso Technology noting that July 2021 revenue figures for passport and virtual queuing are 51 per cent up against July 2019.