Accesso Technology Share Discussion Threads

[blackhorse23] 02/10/2023 07:21

Out now & going to buy GATC

[aimingupward2] 25/9/2023 09:02

They’re probably looking at around 50% growth in the share price over the next few months.

[tones3] 22/9/2023 16:44

I bought in at 600p yesterday. Good to see the CEO putting his money where his mouth is. All indicators are pointing to a nice upside share price.

[aimingupward2] 22/9/2023 14:04

They’re probably looking at around 50% growth in the share price over the next few months.

Very reassuring.

[rivaldo] 22/9/2023 13:29

Good to see the CEO buying another £83,000 of shares, and the Chairman buying another £41,000's worth:

[jimmywilson612] 21/9/2023 16:00

I followed up with the business on my above concern around the UK drop.

"The majority of the UK variance to last year is from our Ingresso business. We flagged that some of the West End venues have had such strong demand, they restricted supply to commissionable channels. This is not the venues bringing their systems in house, but rather just taking the opportunity to optimize yield at the moment when they saw a period of rather strong sales. If they can sell more tickets direct with no commission that is upside for them. In periods of high demand, any venue will often reduce the amount of inventory they publish to for sale through third party channels. At other times, they will increase the amount they sell through distribution as the third party channels, like Ingresso, help them fill their open capacity.


The other item that contributed to the UK variance is that in the prior year we had a benefit from unused gift cards that we recognized – clearly not a repeatable item. We issued gift cards as customer recovery in certain cases during the pandemic and those expired, so we then recognized that back on our books to essentially reverse that expense.
"

[rivaldo] 19/9/2023 11:24

I'm sure the key customer is Six Flags, as from memory their repositioning has already been flagged in prior statements.

[jimmywilson612] 19/9/2023 11:05

"These growth areas were offset by the ongoing impact of lower than expected revenues from a key customer which continues to reposition its business as well as an increasingly competitive UK distribution market."

I wonder who the key customer is (was it the big one acquired as part of the VGS deal?)

I also note that the UK revenue falling significantly due to operators bringing their operations in-house/direct sales. Seems like the UK is the exception as all other regions increasing. I wonder why?

[davidosh] 19/9/2023 09:00

The first half is always weaker as the Summer and busy US holidays in half term are inOctober so fall in H2.
They have been investing heavily for the future. They are doing a Mello presentation soon so you can ask lots of questions then

[rivaldo] 19/9/2023 08:42

Good to see that guidance for the year is firmly stated as being in line with expectations, despite the EBITDA reduction in the much seasonally weaker H1. I note that repeatable revenues are strong at 84%.

The all-important H2 has seen increased visitor footfall, presumably supporting the "meeting expectations" guidance given that we're already halfway through H2.

ACSO is going through a phase of acquisition integration and resetting of the business through increased investment in new and upgraded software, which impacted the H1 results.

The three "transformational" acquisitions in H1 for $50m will soon start to benefit operations from cross-selling and other synergies.

[deanowls] 19/9/2023 07:45

The narrative in any of their results ever take into account investors. I wonder if it is being run as a lifestyle business for the owners.

Never no real kpis that will deliver tangible benefits for the real owners of the business. Share buy backs just for the employee trust.

[saucepan] 19/9/2023 07:19

I am no longer holding here, but the narrative does not seem to square with eps down 42% (down 84% on an adjusted basis), and net cash down almost 130%.

[ali47fish] 18/9/2023 07:44

so what are we expecting tomorrow?

[tones3] 22/8/2023 12:54

Should of left the aims a few years ago and went on an American exchange.

[gleach23] 22/8/2023 12:23

The share price has hardly cratered though cestnous.

Interims due in about 3 weeks too.

[cestnous] 22/8/2023 11:44

And I would like to see some company comment on this share price fall

[cestnous] 22/8/2023 07:46

6flgs has 26 parks in the USA. Takings down 12% How much this affects ACSO takings I have no idea. Seems to be an overreaction but I would say that being a shareholder.

[cestnous] 22/8/2023 07:16

But it would have been a mistake

[tones3] 18/8/2023 13:51

I would like to see Steve do more investor interviews/presentations.

[strollingmolby] 18/8/2023 13:38

cestnous - I don't disagree, I'm in the same boat. ACSO likely dropping back after Six Flags quarterly results where spend per visitor is down.

[cestnous] 18/8/2023 13:23

If I had any cash I’d buy more at this price,

[rivaldo] 17/8/2023 10:27

Good to see the earnings-enhancing acquisition of VGS (historic $4m PBT) has now completed:

[w13ken] 20/7/2023 12:40

Positive Accesso update on Vox Markets - 20/7/23:

Vox Markets Fund Manager Series: Josh Northrop of Whitman Asset Management

58:35 Accesso #ACSO

[aimingupward2] 28/6/2023 12:18

Thanks rivaldo. An excellent read.