Accesso Technology Share Discussion Threads

[bouleversee] 12/1/2022 11:02

I certainly expected the share price to rise today but unlike most things, it has dropped in a straight line. I can't understand it. May top up.

[rivaldo] 12/1/2022 07:44

Cheers W13Ken, that's a good read. Yesterday's news was extremely important, so I expected the share price to rise nicely - I suspect the dodgy markets yesterday hindered progress, but maybe the markets will respond with more market confidence.

[w13ken] 11/1/2022 23:15

The current share price (826p) could climb 57% to Peel Hunt's new target (1300p) & 24% to Shore Capital's (1030p) "with scope for further upgrades".

[rivaldo] 11/1/2022 15:15

Further info on the Merlin contract extension:



Extracts:

"Led by robust mobile commerce features, the fully hosted accesso Passport ticketing suite powers online ticketing, on-site sales, season pass management, and third-party sales distribution and access control, allowing Merlin to offer its guests an intuitive and seamless digital experience. Guests are able to navigate every element of their visit with ease – from selecting their tickets and pre-purchasing parking passes, to planning ahead with dining packages, stroller rentals and more. With the accesso Passport solution, operators are equipped to tap into the rapidly increasing consumer demand for mobile shopping – a key capability in the ever-accelerating shift to eCommerce. With a user experience tailored to the specific needs of the attractions industry, accesso Passport enables world-class operators like Merlin to easily deploy revenue-driving up-sell and cross-sell opportunities across the guest's entire purchasing journey.

Merlin specializes in creating unforgettable, magical moments for guests of all ages, welcoming millions of guests annually through the gates of its beloved attractions and iconic theme park resorts, including SEA LIFE Aquariums, LEGOLAND® Parks, Madame Tussauds™ attractions and the world-famous London Eye."

[aimingupward2] 11/1/2022 10:03

Very reassuring indeed. The picture here just keeps getting better and better.

Motley Fool will be chuffed after tipping ACSO for 2022 and predicting that it will have ‘a great year’.

[rivaldo] 11/1/2022 07:13

Excellent and extremely important news today - both Merlin and Six Flags have renewed their agreements with ACSO until 2026 and 2025 respectively. This secures huge long-term recurring revenues for the group going forward.

And these are both exclusive agreements for on-site as well as online ticketing/e-commerce:

[rivaldo] 10/1/2022 08:33

ACSO tipped here for 2022:



Conclusion:

"Overall, I like Accesso as a tech stock. I believe its products and services are a vital component to the world we live in now and I don’t see things going back to the way they were in terms of queuing and point of sale. I think 2022 could be a great year for Accesso. At current levels, I would buy the shares for my portfolio."

[w13ken] 07/1/2022 09:07

Yes, a nicely varied list of businesses. I'm very optimistic that ACSO will hit 4 figures again by the summer.

[rivaldo] 07/1/2022 07:27

Beat me to it W13Ken - excellent news. Good to see such a wide range of new clients. And all lovely recurring income too:

"The new partners include: Silverton Casino in Las Vegas; Biltmore Theatre in Oshawa, Ontario; UIS Performing Arts Center in Springfield, Illinois; three speedways in Burlington, Washington, Fairbury, Illinois, and Seekonk, Massachusetts; the Peninsula Ballet Theatre in San Mateo, California; and, Mississippi Gulf Coast Community College in Perkinston, Mississippi."

[w13ken] 06/1/2022 23:21

accesso Technology: Performing Arts Venues, Racetracks and Casino Among 15 New North American clients for its accesso ShoWare box office ticketing suite. All are set for full integration by the end of Jan 2022.

[rivaldo] 22/12/2021 08:56

Cheers - the acceleration noted in recent RNS's certainly seems to be continuing nicely.

[w13ken] 21/12/2021 23:12

The last month has seen accesso sign 3-year deals in Canada, Japan and now Alabama. A strong finish to the year and more to come when venues open up in the Spring.

"Gulf Coast’s Largest Entertainment Destination Implements Round of Advanced Technology Solutions

ORLANDO, Fla. (Dec. 21, 2021) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Alabama-based OWA Parks & Resort to provide its accesso Passport® eCommerce ticketing suite and accesso SiriuswareSM point-of-sale ticketing system, empowering the operator to enhance its current ticketing operations and prepare for the opening of its new, state-of-the-art indoor water park in 2022.

The award-winning and fully hosted accesso Passport eCommerce ticketing suite equips operators to deliver an exceptional eCommerce experience for guests on any device. The solution is designed to minimize cart abandonment while maximizing conversions through revenue-driving up-sell and cross-sell prompts, allowing operators to effectively anticipate guests’ needs while boosting their own bottom line. The accesso Siriusware point-of-sale solution empowers operators to bring on-site ticketing together with membership, retail, food & beverage, rental support and more into a single system, delivering unified data to drive holistic business management while lowering cost of ownership..."

[aimingupward2] 03/12/2021 11:36

Many thanks, rivaldo, for keeping us updated on new business wins and general progress with this company. Much appreciated.

Overall, I feel that ACSO is a really well managed little gem with an excellent future ahead of it.

[km18] 12/11/2021 13:12

Accesso is a technology company focused on ticketing, mobile and eCommerce technologies and virtual queuing solutions for various sectors. Their patents and award-winning tech increase the revenue and improve the guest experience. Growth can be categorized as blended, on the back of several acquisitions over the past 10 years. Financials look average, as the revenue was badly hit in 2020 and is now recovering. Profitability is questionable since 2019 which also brings bad news for the ROCE which we usually observe. The valuation seems also a bit extended, even when we consider where the stock is compared to 2018.
Recently, they have recorded a robust revenue and profit margins for the interim period ending June. EBITDA exceeded analyst expectations, reaching $9.8m and Group revenue was 106% above 2020 figures, at $50.7m....keep up to date with stocks with WealthOracleAM

[rivaldo] 08/11/2021 23:22

More news, this time about ACSO's exhibiting at the annual IAAPA Expo:



"accesso to present virtual queuing solutions and more at IAAPA Expo

The team will highlight how its latest technology can enhance the guest experience
11 hours ago

accesso Technology Group PLC, a leading technology provider, will be exhibiting at IAAPA Expo 2021 in Orlando from 16 – 19 November. As well as connecting with friends, clients and partners once more, the team will be showcasing its latest innovations, including its virtual queuing solutions.

The company’s chief commercial officer, Andrew Jacobs, will also be leading a presentation entitled “Powering Positive Guest Experiences with Virtual Queuing” on Wednesday 17 November at the EDUTalk Stage from 12.20 – 12.40 pm.
Meeting the latest guest expectations

During the show, accesso will be highlighting how its products and services are meeting the latest trends and guest expectations in the industry.

For instance, with the number of people who own a mobile phone worldwide set to increase to 7.49 billion by 2025, digital solutions such as mobile eCommerce are here to stay. In addition, following the pandemic, visitors increasingly expect more: a 2020 Salesforce report shows that 88% of customers want businesses to accelerate digital initiatives.

The same report found that 69% of customers expect new ways to get existing products and services in the wake of COVID-19, and 54% want to see entirely new products and services.

Mobile-enabled transactions and experiences are not just something that is nice to have: customers expect them. Operators need to look at how they can meet this expectation with new solutions, like virtual queuing, that enhance and streamline the visitor experience.

Boosting visitor satisfaction

accesso’s mobile-ready virtual queuing solution allows guests to create their own experience, deciding what they want and when, all from their own smartphone. This increases guest satisfaction as well as easing the burden on staff and removing friction points throughout the day.

Operators can also level up their virtual queuing with mobile app integration, available through guest experience management technology like TE2. This allows visitors to make all types of purchases, communicate with ease and make the most of their visit.

“Our virtual queuing team has over twenty years of experience helping clients install, launch and optimize their virtual queuing operations,” says Jacobs.

“Over the past two decades, our patented suite of solutions has evolved and grown as we’ve worked closely with our partners around the globe to uncover new ways to free guests from long lines.”

accesso’s award-winning solutions are currently used by more than 1,000 venues in 30 countries around the globe to streamline operations, generate increased revenues, improve guest satisfaction, and harness the power of data to educate business and marketing decisions.

The accesso team will be at IAAPA Expo 2021 on booth #5131.

Last week, the company also announced it has signed a three-year agreement with Illuminarium Experiences. This will see it providing the accesso Passport eCommerce ticketing suite and Ingresso ticketing distribution solution to Illuminarium at AREA15 in Las Vegas."

[rivaldo] 04/11/2021 07:25

This year's Blooloop Innovation Awards feature ACSO's new Queue Length Management (QLM) System (and it's highlighted prominently as the first product mentioned):



"accesso: LoQueue Virtual Queuing

accesso has launched a Queue Length Management (QLM) System as part of their LoQueue Virtual Queuing solution. The QLM System uses cameras, artificial intelligence, and machine learning to accurately predict guest wait times based on real-time data.

This innovation will be beneficial to operators. After installation, accesso’s QLM system automatically generates wait times and will adjust properly throughout the day based on guest flow. "

[aimingupward2] 03/11/2021 19:48

For anyone still not fully aware of the potential :

“Illuminarium Experiences are immersive entertainment spectacles presented in custom-designed venues called "Illuminariums." What museums are to art, cinemas to movies and concert halls to music, Illuminariums are to experiential entertainment. Illuminariums are reprogrammable immersive theaters that surround visitors in a sensory space of sight, sound and scale unlike any other, providing access to the most amazing, but typically out-of-reach, places, people and experiences to make our planet a more inspired, more empathetic and more connected place. Created by Alan Greenberg, RadicalMedia and Rockwell Group, Illuminarium Experiences brings together best-in-class partners in content creation, theatrical design, interactive technologies and venue operations.”

[aimingupward2] 03/11/2021 13:09

Good to see the strong response in the share price to the further business expansion announced this morning.

Peel Hunt's target price of £13 suddenly seems a lot more within reach.

[rivaldo] 03/11/2021 08:21

New e-commerce ticketing contract win:



"accesso® Expands Partnership with Illuminarium Experiences

Experiential Entertainment Company Leverages New eCommerce and Ticketing Technology to Drive Engagement and Enhance Customer Experience
Nov 02, 2021, 08:00 ET

ORLANDO, Fla., Nov. 2, 2021 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Illuminarium Experiences to provide its accesso Passport® eCommerce ticketing suite and Ingresso ticketing distribution technology to support the operator's forthcoming Las Vegas location at AREA15, which is set to open in early 2022. This agreement marks an expansion of the partnership between accesso and Illuminarium Experiences, as the technology solutions provider has supported operations at Illuminarium Atlanta since July 2021.

Illuminarium Experiences is a breakthrough global experiential entertainment company created by worldwide leaders in cinematic and interactive content, architectural and theatrical design, and venue operations. Combining techniques used in traditional motion picture production and virtual reality, Illuminarium Experiences invites visitors to experience real-world, filmed content and authentic, re-created worlds in an immersive environment, without the need for wearable hardware. Earlier this year, the company opened its first-ever Illuminarium venue in Atlanta, Georgia. Following its opening in Las Vegas, Illuminarium Experiences will open unique venues in Miami and Chicago, with plans for 40 or more additional venues in major cities across the globe within the next five years.

The fully hosted accesso Passport eCommerce ticketing suite helps operators to provide their guests with an intuitive and enjoyable eCommerce experience on any device, while driving revenue with up-sell and cross-sell prompts that help ensure guests can plan for their ideal visit. accesso's ticketing distribution platform, Ingresso, connects operators like Illuminarium Experiences to a global network of third-party distributors to drive increased ticket sales – with potential reach of more than 1 billion new customers – while eliminating long voucher exchange lines at a venue's entrance by providing guests with real-time live ticket inventory.

etc"

[w13ken] 02/11/2021 10:32

Excellent analysis so I hope your contributions are much less rare from now on :-)

I am a very happy holder and glad that Steve Brown is onboard to steer the ship. If you really want to find out more about his character and drive then this is the interview to watch (long but worth it):



Quick tip: overtype the t's with capital T's in the http part of the URL to get a working link in advfn.

[rarecontributor] 02/11/2021 10:04

I’ve been taking a look through 2021 interim and previous financial results and they’re very interesting so thought I’d share some key findings.

Revenue for H1 2021 was $50.7m – same as H1 2019 so apparently a recovery to pre-pandemic operating conditions? Looking at visitor numbers to their key customer’s attractions (Six Flags, Cedar Fair etc) that very clearly isn’t the case, numbers are still well down. Indeed Steve Brown indicates that overall theme park visitor numbers are around 30% down on 2019 levels in his presentation a couple of weeks ago. Link below, A very interesting section on demand starting 12:03 in:

hxxps://www.accesso.com/news/accesso-technology-group-plc-presenting-at-the-proactive-one2one-virtual-forum

P7 of the 2021 interim results (link below) also state that because the live entertainment and distribution side of the business was more severely affected (almost completely closed globally for H1) that revenue was $9.1m down. In a normal year revenue would therefore have been $59.8m excluding a recovery in visitor numbers for theme parks!

hxxps://www.accesso.com/assets/documents/accesso-H1-2021-Interim-Results.pdf

On the demand front, sales are at record levels with contracts being signed left and right (hopefully centre too!) as stated in the presentation from 13:35 in. Current Accesso Passport deployments stand at 35 as opposed to around 10-15 in a normal year. Whilst Accesso have stated that costs are going to be 8-12% higher next year due to continued recruitment it seems highly likely to me that the additional business will more than absorb that cost.

Cash EBITDA for H1 was $9.8m (compared to $1m for H1 2019) but H2 always generates more revenue for Accesso. Indeed the recent trading statement indicated at least $124m at a margin of no less than 20% for the full year. I’d suggest that 20% will be comfortably exceeded given that it achieved 19.3% in H1 on revenue of 50.7 and H2 will be at least $73.3m. It’s true that they’re increasing workforce levels from around 510 to 550 to cope with demand so costs will increase but 20% seems on the low side to me. Nevertheless, this would give a full year cash EBITDA of $24.8m. Historically, cash EBITDA figures were $7.1m for full year 2019 and $13.7m for full year 2018.

Looking at annual net cash movements is interesting too. This peaked at $+13.7m in 2018 and dropped to $+7.1m in 2019. For 2021 to the end of August that figure is $+16.1m with another 4 months of the most cash generative part of the year! This $16.1m figure is based on net cash of $45.8m at the end of August as detailed on P17 of the interim results. The starting position was $29.7m at 2020 year end. That $29.7m would have been $-16.4m without the dilutive cash raise during 2020 of $46.1m though.

Profitability can be difficult to entangle sometimes and it’s interesting to note here that from 2016 to year end 2019 they capitalised $66.2m of development costs whereas amortisation of development costs during that same period was only $27.2. Capitalising those development costs moves them to the balance sheet rather than charging them against current earnings so the P&L ends up being flattered unless the amortisation figures match those charges. In this case there’s a $39m difference. It’s no criticism of Accesso as software development charges are very often capitalised for UK listed companies. It’s far less prevalent in the US though and this really is a US company after all. It’s particularly interesting to note though that from 2020 Accesso very much reversed this practice. Indeed they only capitalised $3m that year with amortisation standing at $11.44m. Again in H1 2021 the capitalisation charge is $0.67m v amortisation of $4.88m. There are several valid reasons why they might have done this so I can’t conclude too much. I’m intrigued too by the fact the Steve Brown and Bill Russell have both just spent around $100k each on shares in Accesso but in the US OTC market where they’d end up paying over the odds.

[rivaldo] 02/11/2021 07:14

And this morning the Chairman has followed the CEO in buying more shares - almost another $100,000's worth....

[w13ken] 01/11/2021 09:48

Agreed rivaldo. This is safely tucked away in my ISA for the long-term.