Accesso Technology Share Discussion Threads

[davidosh] 01/7/2024 23:44

More from Hardman

[ih_760311] 05/6/2024 09:58

nice to Learn thanks for sharing

[wjccghcc] 05/6/2024 08:56

Agreed. Nice to finally have some research available to us PIs.

[rivaldo] 05/6/2024 08:49

The note that stands out for me from Hardman's report is that $48.5m on R&D last year, but of this only $2.2m was capitalised - all the rest is written off against profits.

This is extraordinarily prudent and conservative relative to almost all other companies.

A predator looking at ACSO for its global/geographical reach and client base would quickly realise that once you strip out this R&D write-off ACSO is hugely cash-generative and much more profitable than even based on its post-R&D profits and EPS.

[rivaldo] 04/6/2024 09:05

Hardman have just initiated coverage of ACSO in a 39 page report.

They don't give a target price as such, but have a 934p valuation from regression analysis given that ACSO:

"trades at a significant discount to its AIM enterprise software peers, in spite of the company’s attractive growth profile along with improving cash generation and rising operating margins":



"Investment summary:

accesso is a unique investment proposition in an ever-declining UK software universe, as peers have been snapped up by industry buyers and private equity. The stock rebased following the 2018 sell-off and pandemic and now trades at substantially more value-oriented levels, supported by improved cash generation. accesso sizes its total addressable market at $2.3bn, giving it a ca.5.9% market share and with plenty of scope for growth"

[rivaldo] 24/5/2024 09:37

Cannacord are buying - now at 12.03% (from 11.01%) and owning 5.02m shares:



I also note that Ticketmaster are being sued by the US Department of Justice to enable its break-up to reduce its monololy and competitive position. Which has to be excellent news for ACSO:

[tones3] 20/5/2024 18:45

If it was on an American exchange it would be a multiply higher. It’s ripe for itself to be acquired though.

[aimingupward2] 17/5/2024 16:55

Anyone who has not looked at the ACSO share price graph for the time period ‘all’
(covering some 20 years) really should do so. It’ll open your eyes as to the huge scope that sill lies ahead for recovery.

[smithie6] 17/5/2024 09:51

strong price action...

the supply/demand is clearly tilted to "demand"

------

I got back in £6, shame its not possible to wind back the clock & buy at £5, and bigger amount. ah well.

[rivaldo] 14/5/2024 10:54

Breaking upwards again today.

[rivaldo] 10/5/2024 07:47

Agreed, I suspect that's just a target which can easily be upgraded after news flow.

More about Deutsche's Buy recommendation here:



"Demand for Accesso Technology Group solutions will remain healthy, says bullish investment bank

Published: 13:46 09 May 2024 BST

Deutsche Bank has initiated coverage of Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) with a 'buy' rating and a 1,000p price target, saying that it expects demand for its products to 'remain healthy'.

Accesso is a specialist ticketing, e-commerce, point-of-sale, virtual queueing, food and retail, and experience-management technology software and solutions that are used at over 1,200 venues worldwide.

In a note, it said: "Its client list includes the largest theme park operators in the world, as well as ski resorts, museums and key attractions, among others. These systems are mission-critical and key to the digital transformation of processes. We believe demand will remain healthy."

[aimingupward2] 09/5/2024 20:45

Whilst that’s a perfectly reasonable initial target, I would expect D.B. to be looking for a subsequent t.p. a lot higher than that. The scope for further capital gain here is really appreciable, even after the 50% we’ve seen in the last couple of months.

[rivaldo] 09/5/2024 12:21

From today's news wires:

"Deutsche Bank starts accesso Technology with 'buy' - price target 1,000 pence"

[deanowls] 09/5/2024 08:33

Shock. More shares at nil cost handed out with no disclosure of what the targets are. At least the shareholders are well rewarded.

[rivaldo] 02/5/2024 07:27

Good to see ACSO spreading the word:



"accesso Technology Group (LON:ACSO), the premier technology solutions provider for attractions and venues worldwide, is hosting an in-person Technology Showcase today at the Westin, London City. The event will allow institutional and private investors, as well as other industry stakeholders, to experience our technology hands on and learn more about our product and service offerings.

The event will be hosted by Steve Brown, CEO, Fern MacDonald, CFO, and Andrew Jacobs, CCO, alongside senior leaders from across the business."

[rivaldo] 30/4/2024 10:03

Yep, looking good.

I think I'm right in saying there's been little dilution since the 3,000p glory days? Management appear to be successfully implementing their strategy - perhaps it's not too fanciful to anticipate a return to those levels in time.

Anyway, the broker targets of just over 1,000p would be good for starters....

[aimingupward2] 30/4/2024 08:23

Racing away this morning !

[supernumerary] 26/4/2024 10:18

Still only 40M-odd shares in issue.

[smithie6] 26/4/2024 09:23

surprisingly illiquid for a co. with a cap value of ~£260-270m

[rivaldo] 25/4/2024 12:52

Peel Hunt have a 1035p price target and say Buy:



"Accesso’s ShoWare product adds another layer to equity story, says Peel Hunt

Published: 14:03 23 Apr 2024

Analysts at broker Peel Hunt see clear benefits to accesso Technology Group plc’s equity story after bringing its ShoWare software as a service (SaaS) ticketing suite to the UK.

“This scalable solution has already proven itself, with over 600 venues around the world using the service, and allows venues to manage the end-to-end ticketing process, whether online or onsite,” noted Peel Hunt.

The broker added: “Alongside accesso's ability to build long-term relationships and its established relationships with UK venues, today's news should be viewed as a positive addition to the accesso equity story.

“Features include seamless online/mobile sales, white-label capabilities to retain a client's brand, dynamic pricing to optimise ROI, and CRM features to build customer loyalty.”

Analysts slapped a buy rating on accesso stock following this announcement, with a target share price of 1,035p."

[bouleversee] 24/4/2024 16:03

I won't be able to tune in to that so I hope there will be some comments on here. TIA.

[smithie6] 24/4/2024 15:24

copying part of the text from post 5396

"FREE EVENT: accesso will be presenting on the Mello Results Show Webinar on Thursday 25th April 2024, starting at 1pm. "

tomorrow

[smithie6] 24/4/2024 15:23

nice little rise in the last part of the day