Accesso Technology Share Discussion Threads

[rivaldo] 16/4/2024 06:33

I'm impressed with the update.

EBITDA is ahead of expectations, and 37.5c adjusted EPS and presumably an increase for this year puts ACSO on a cheap rating compared to most of its sector comparators. And even more so when you strip out the $31.5m cash pile.

Most importantly the outlook is very confident. ACSO are guiding a minimum of $160m turnover (up from $149.5m), and a minimum $27.2m cash EBITDA, a lovely 15% up from last year's $23.6m.

The acquisitions have all performed well, and ACSO are global market leaders in a number of areas, incorporating machine learning, mobile solutions etc.

Unless I'm missing something it seems that ACSO are very much back on the up.

[ali47fish] 15/4/2024 08:25

so what can we expect from tomorrow's update

[rivaldo] 03/4/2024 07:30

Here's a transcript of a new interview with the CEO about the contract win:



Extracts:

"securing such a prestigious client not only establishes our presence in the region but also sets a foundation for expanding our operations across the area. This includes staffing and infrastructure development, allowing us to leverage this initial success to explore additional opportunities within the region"

"Our platform will handle all aspects of ticketing and admission, providing seamless access to the venues in various capacities. This includes general entry and individual attraction access. Beyond ticketing, accesso Horizon serves as a comprehensive visitor management and entitlement platform, covering areas like food and retail, enhancing the overall visitor experience by offering an integrated and seamless customer journey"

[rivaldo] 02/4/2024 10:03

Shore Capital very positive about the new Saudi contract:



"Accesso’s Saudi Entertainment deal an ‘exciting opportunity’ - analyst
Published: 14:18 28 Mar 2024 GMT

"accesso Technology Group PLC's (AIM:ACSO, OTC:LOQPF) landmark agreement with Saudi Entertainment Ventures (SEVEN) ticks all the right boxes for analysts at Shore Capital Markets.

The deal with SEVEN, a wholly owned subsidiary of the Saudi Arabia Public Investment Fund (PIF), is “a positive reiteration of the global brand awareness that the acquisition of VGS (accesso Horizon) has added to the group, as well as accesso’s ability to support its clients through complex and multipurpose projects”, the broker said.

Announced in November 2022, SEVEN unveiled plans to introduce 21 cutting-edge entertainment destinations across 14 cities, featuring over 150 attractions, diverse dining outlets, and local and international retail outlets.

accesso will be the key provider of ticketing and visitor management technology for all destinations and sub-venues associated with the project.

“This leaves accesso in a good position to leverage Saudi Arabia’s investment into being a leader in tourism, hospitality, and entertainment,” said Shore Cap.

Shore Cap also mentioned that accesso is making strides in the field of dynamic pricing’.

Dynamic pricing is a strategy where businesses set flexible prices for products or services based on current market demands, competition, and other factors.

It is “an area which accesso has previously mentioned as a potential opportunity, given its expertise in footfall management and tech-driven solutions”, said analysts.

Accesso stock is a 'buy' at 531p, reckons Shore Cap."

[rivaldo] 28/3/2024 10:14

Yesterday's contract win probably reflects the progress made as reflected in this news from just a couple of weeks ago:



‘Innovative solutions for today and for the future’ as accesso looks forward to year ahead

As the customer experience becomes increasingly immersive, accesso is placing its focus for 2024 on seamless experiences through use of its cutting-edge technologies

Tom Anstey | Planet Attractions | 12 Mar 2024

s one of the leading global providers of technology solutions aimed at redefining the guest experience, driving increased revenue, streamlining operations, and supporting data-driven business decisions for leisure and entertainment operators, 2024 is a big year for accesso.

This year, the company is eyeing an increase in immersive customer experience operations, with its focus on seamless experiences and cutting-edge technology.

Among its offerings, the recently launched Accesso Freedom restaurant and retail platform has been developed to “redefine the guest experience”. A cloud-native platform Freedom allows venues to seamlessly integrate restaurant and retail operations, supporting mobile food ordering, self-service kiosks, and mobile point-of-sale.

The recent acquisition of VGS adds the Accesso Horizon ticketing and visitor management system to the company’s product portfolio, providing venue operators with a comprehensive solution. Also, the latest version of the Accesso Passport ticketing suite introduces a range of enhancements, streamlining operations and options to enhance the user experience.

etc"

[aimingupward2] 27/3/2024 10:05

Let’s hope that this the start of a long build up in the share price. it really has been rather poor for quite a while for no really justifiable reason.

[rivaldo] 27/3/2024 09:43

Looks like not long to wait for the Saudi project to start delivering - the first guests are expected early next year in Al Hamra:



Al Hamra alone - just one of the 14 cities, 21 destinations and 150 attractions involved - "is expected to attract 6 million visitors per year":

[rivaldo] 27/3/2024 08:42

Today's announcement may have had to be issued as an RNSNON as there isn't a measurable immediate financial impact, but it's still big news.

Saudi Arabia is building "21 cutting-edge entertainment destinations across 14 cities, featuring over 150 attractions, diverse dining outlets, local and international retail outlets".

And ACSO has been appointed as "the key provider of ticketing and visitor management technology for all destinations and sub-venues associated with the project".

Quite a coup. And presumably pretty materially financially rewarding. The only question is how long until fruition:

[davidosh] 25/3/2024 19:16

Dynamic pricing introduced

[supernumerary] 01/3/2024 19:22

Boozey - been drinking? That's really only 1 sale, but done in 2 tranches, and not heavy, but as dictated by the tax bill. One can argue the rights and wrongs of it, but best to start with facts not emotions.

[rich1e] 01/3/2024 18:35

Hopefully dividends will be next if they're looking for a use for any more spare cash in the future. And the less shares in issue the higher divi per share. I'll keep an eye on the investment funds holding shares, they no doubt periodically discuss strategy with the management

[bouleversee] 01/3/2024 18:16

Why do they want to remove more stock from the market? It hasn't increased the share price whereas paying a decent dividend would be more likely to do so. We don't buy shares to put huge amounts in directors' pockets. With rampant inflation and a fixed rate annuity taken out over20 years ago, I need income not losses from my investments.

[boozey] 01/3/2024 17:38

CEO selling heavily this week - twice.

[supernumerary] 01/3/2024 15:33

Well that's the theory, anyway!

Am I the only one who remembers the days when posters whinged about the lack of liquidity here? Not sure why anyone would want to return to that state - a certain amount of liquidity helps to reduce volatility.

From what I've seen, buybacks are usually linked to the terms of directors' bonus schemes eg eps targets, or an absence of more productive uses for the money. Neither is a good sign.

[rich1e] 01/3/2024 15:08

If it goes lower, then that's better for removing more stock from the market, which is the company's current aim. And in the end whatever the sp, the fewer shares outstanding, the greater each one's worth as a portion of the overall value

[deanowls] 01/3/2024 14:52

Not necessarily. It may go lower.

What is going to turn this around? For me there isn’t enough updates, there should be a dividend, awards need to reflect shareholder returns so we all gain from progress.

[rich1e] 01/3/2024 14:29

The plus side of a low sp, is the increased amount of stock being bought back. Whatever the future holds this will be a positive

[strange1] 01/3/2024 14:14

A buyback program at this scale (representing about 1.6% of issued shares when announced) is just a complete waste of time and cash

[supernumerary] 01/3/2024 13:41

Yes, see:

'-- The purchased ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") will be cancelled.'

I don't think you're alone in your confusion.

[bouleversee] 01/3/2024 12:57

Are you sure they are cancelling bought back shares? I must sign up for RNS. I don't understand what is going on here. Why are directors receiving equity awards and having to sell shares to pay tax, when they are not paying dividends? Must confess I haven't had time to follow this recently due to medical and other problems and still haven't.

[supernumerary] 01/3/2024 11:49

A low arrived at despite a steady stream of buybacks...

[strange1] 01/3/2024 11:42

I think we can agree that directors selling after an equity award to cover taxes is standard and also normally shouldn't be viewed negatively. However when the CEO exercised in August 2023, as he is based in the US, he would have settled the tax shortly after the exercise date based on the then stock price of say 7.50. Presumably at the time he was seeing upside and so did not sell to cover, so its therefore interesting that he has now taken the decision to sell at basically the 52 week low......ummm

[rivaldo] 01/3/2024 07:07

A prestigious win with the Pro Football Hall of Fame in Ohio, which has "hundreds of thousands" of visitors every year:



"accesso® to Collaborate with Pro Football Hall of Fame to Elevate Visitor Experience with New, Interactive Mobile App

29/02/2024 2:00pm

accesso Technology Group (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has announced a new collaboration with the Pro Football Hall of Fame ("the Hall"), introducing a new, cutting-edge app designed to enhance the experience and boost engagement for visitors to the Hall's renowned museum in Canton, Ohio.

The newly launched app is now available for download on iOS and Android devices.

Utilizing a suite of guest experience tools from accesso, the multi-faceted app features a full venue audio tour (available in English and Spanish), an interactive museum map, trivia activities and direct access to news and app-exclusive information about the venue. A second phase of the rollout – planned for the fourth quarter of 2024 – will see further enhancements to the Hall's audio tours and the launch of an all-new digital archive. This archive will host digital records of hundreds of thousands of the Hall's valuable assets – such as player jerseys, footballs and helmets, along with documents and photos – broadening public access to the expansive collection, less than 1% of which is exhibited within the museum.

....The relationship with the Pro Football Hall of Fame follows extensive growth for accesso, with last year seeing the company's launch of the cloud-native, scalable, highly flexible accesso Freedom℠ Restaurant & Retail platform and its acquisition of VGS, with the rebranded introduction of the accesso Horizon℠ Ticketing & Visitor Management system. And recently, accesso partnered with California Mountain Resorts Company to revolutionize the skiing experience with the launch of an all-new integrated resort app network."

[deanowls] 26/2/2024 16:40

Maybe a dividend would help and look at helping shareholder returns. Seems to be share loaded out but not much cheer for shareholders

[tones3] 02/2/2024 13:50

Idk. Some investors feel burned by the prior mismanagement. Steve Brown has done a fabulous job turning the ship around. Being on the Aims doesn’t help. They should have moved to a US exchange a few years ago. A equal merger could be good.