Accesso Technology Share Discussion Threads

[rimau1] 24/8/2022 07:56

A little pedantic Eezy…I agree Rivaldo. Its always significant when a global top 10 theme park operator extends and deepens its client relationship. I liked what our CEO said about “With guest expectations for value and convenience at an all-time high”, the market is simply not valuing ACSO correctly today so very much looking forward to interim results in September which should give us a first indication of visitor numbers 2022v2021

[rivaldo] 24/8/2022 07:43

I've explained why imo it's an RNSNON, but perhaps you didn't read that part. And also why it's significant, particularly given the large expansion of the agreement, but again perhaps you missed the part about the expansion rather than just the continuation.

You are correct in that I am indeed a glass half full person who's generally pretty happy. Perhaps partly because my portfolio has done pretty well over the years.... :o))

[eezymunny] 24/8/2022 07:27

What's "extremely significant" about a company choosing to continue to use some software? It's a painful business changing software as we all know.

That's presumably why it's RNSNON. Good news for sure for ACSO but "extremely" significant" are, IMO, the words of a happy and cheerful, glass over-flowing, optimist!

[rivaldo] 24/8/2022 07:09

Excellent news this morning. Parques Reunidos have extended their agreement with ACSO to supply virtual queueing technology for five more years - and expanded it across "two additional North American venues and four European theme parks this year, with more planned for the future".

This may be an RNSNON because the immediate financial uplift is non-specific, but imo this is extremely significant. It's another vote of confidence in ACSO's tech and abilities from a big name in the industry, and is also likely to be financially very material given the impact from six additional theme parks with more to follow:

[rivaldo] 19/8/2022 07:39

Yep, they now have over 12%, with 4.96m shares, so a large commitment here.

Agree your post 5175. Given the confident AGM statement ACSO look very cheap on the evidence.

[rimau1] 19/8/2022 07:18

Nice to see Long Path continuing to add

[rimau1] 18/8/2022 13:12

I’ve re-crunched my FY22 numbers (very prudently) and come in slightly lower than Shore Capital. I expect $150m revenue, ebita $35m, net cash $100m allowing for a very generous 15% rise in admin and other costs. This spits out roughly 57c eps. Market Cap in GBP of £250m of which cash is £80m. Cash adjusted FY22 this is on a single digit earnings ratio of between 8-9. Wow. I don’t understand what i am missing or if indeed we have an imperfect market throwing up a bargain, so i have bought more at £6.18p backing myself. Lets see next month how we are looking at the interim stage. The only bear points i have are a possible slower return to pre pandemic visitors, margin pressure due to product mix change (higher distribution growth), cost base pressure from investing to grow/wage inflation albeit FCF and positive revenue/cost jaws more than offset this. I can’t see people reverting to non-technology experience behaviours, its just not realistic.

[gleach23] 26/7/2022 09:11

Isn't it the case that last July's trading update was a one off with a 'significantly ahead' statement?

Looking back a few years there doesn't seem to have been a July update and with there generally being an AGM update each May, there would normally be no reason for one.

No position atm but it's certainly at an interesting point on the chart.

[w13ken] 26/7/2022 08:45

Just out: accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, is pleased to confirm that it will announce its interim results for the six months ended 30 June 2022 on Tuesday 13 September 2022.

[rimau1] 26/7/2022 07:04

Hmmm, no trading update yet.

[nchanning] 06/7/2022 16:06

Good battle between the bulls and the bears today on high volume before the trading update - hopefully we have the bears heads on spikes by sunrise tomorrow !

[nchanning] 28/6/2022 17:21

Let's face it however much digging and thinking we might do , the CEO of a small AIM company has an enormous information advantage over us . When he puts down some serious cheddar just two weeks before the company is about to give an important trading update , that's pretty much all you need to know . After an update there can be some pressure on a CEO to buy and show some confidence in a struggling company , but shortly before a trading update is about as clear a signal as you can get

[rivaldo] 28/6/2022 10:53

Agreed NChanning - last year's H1 trading statement was on 7th July, so not long to wait.

It's difficult to believe the CEO would spend such large sums on shares just prior to anything but a rather positive RNS! Especially given the excellent vibes in the prelims and subsequent AGM statement.

[bouleversee] 27/6/2022 14:03

Hasn't helped the share price unfortunately.

[nchanning] 27/6/2022 11:00

Makes it pretty much a lock that the trading update in about 10 days time is going to be positive ....

[rivaldo] 27/6/2022 10:38

Great to see the CEO buying around £85,000 of additional shares to add to his already substantial holding:

[eigthwonder] 25/6/2022 18:26

One reason for the relatively modest increase in revenues is I believe that a high proportion of contracts have volume related discounts, so booming visitor levels/spend doesn’t translate as well into revenue for Accesso.

[nchanning] 24/6/2022 15:41

Nice to see Steve Brown agrees Steve Brown is lowballing forecasts

[nchanning] 16/6/2022 13:05

Steve Brown seems to have settled on the strategy of guiding low then beating and raising as the year develops . Look at broker forecasts last year at this time - 90m revenue and a 7 million loss , which was repeatedly upgraded to a 125m revenue and 22 million profit outcome . This also shows how strongly incremental revenue flows through to the bottom line . Setting up for a monster beat here , with an added kicker of a ragingly strong dollar

[nchanning] 14/6/2022 20:59

I can certainly understand the sharp increase in costs that brokers have written into forecasts being warranted in light of wage inflation in the tech sector . But the predicted increase in revenues looks incredibly modest given the epic boom going on in theme park spending

[nchanning] 14/6/2022 20:57

For now theme park spending continues to boom :There was a bright spot early on Tuesday after Bank of America pointed to a strong trend with theme park spending. The firm said a scan of BofA debit and credit card spending in May showed regional theme park spending was up 7.9% during the month compared to a year ago and was up a whopping 64.5% from the pre-pandemic level seen in 2019.The firm said the theme parks category was the strongest in its monthly scan of leisure spending. The shift to in-person group entertainment is expected to stay relatively strong through the summer even with macroeconomic pressures building.

[rivaldo] 07/6/2022 22:34

Canaccord have bought another 500,000 shares - they now own 12.45% of ACSO, or 5.14m shares:

[rivaldo] 05/6/2022 07:46

News of expanded ecommerce integration with Paypal:

[rivaldo] 23/5/2022 08:27

Evidently the two solutions are complementary. Meanwhile ACS now have the opportunity to cross-sell to RTP's 100+ global clients. A win-win.