Accesso Technology Share Discussion Threads

[carcosa] 16/2/2017 12:44

Accesso (ASCO) at ShareSoc Richmond 7th February 2017

[rivaldo] 08/2/2017 22:56

The Saudi sovereign wealth fund is looking at taking a stake in Six Flags, and in particular:

"Six Flags has $1.3 billion in revenue and 18 parks across the U.S., Mexico and Canada, according to its website. It’s looking at potential park locations in Saudi Arabia including Riyadh, Jeddah and Red Sea resort, Chairman James Reid-Anderson said in November."

[spud] 08/2/2017 14:05

Amended link:



spud

[rivaldo] 08/2/2017 12:29

Hi Alphabeta4, many thx for the summary. I was the one who arrived late due to traffic, and then disappeared before the meal as things are a bit busy at present, so we probably couldn't have said hi anyway!

As usual TB was extremely impressive, and the stress on the high customer retention, security of revenues going forward 5 years, lead over competitors was encouraging.

TB confirmed to me re Prism that ACSO would be looking for a chunk of revenues from all sources, i.e food as well as ticketing etc, and obviously this would apply to EVERYONE visiting the park as opposed to the old QBot revenue model.

FYI there's a new 7 minute interview with TB here. Interesting that he again highlights the cruise industry as being a specific target for ACSO, whereas other "guest resort" sectors he's more reticent about. I wonder whether we might get news about this sooner rather than later?

He also notes the "strong sales order pipeline" across all divisions and good start to 2017:

http ://www.proactiveinvestors.co.uk/companies/stocktube/6867/accesso-sees-good-progress-across-all-divisions-says-executive-chairman-6867.html

[spud] 08/2/2017 11:25

Thank you for your feedback.

spud

Edit: At the current growth rate and allowing a little fudge factor, i'd say that Tom has earmarked 2020 for his leaving do.

[alphabeta4] 08/2/2017 10:09

Hi Rivaldo, apologies, didn't pick up on your comment in time otherwise I would have tried to say hello!

I understand a presentation is due to go up the Sharesoc site today but my brief takeaways were:

1. They're not at half way through Merlin roll out yet so plenty to go there still.

2. They now have 1100 venues and 100 to install (so gives some decent revenue visibility).

3. I queried whether the 'accelerated investment to support business growth and growth opportunities in geographies outside its traditional markets' was linked to Merlin opening an Asian office, he said this was a key bit of why they have done this. Separately he mentioned a Taiwan office was due soon.

4. On acquisition plans he 'expects to buy more stuff'. One part of this could be linked to simplifying certain ticketing structures for operators.

5. When I spoke to him separately I asked part of the reason from pulling back from the CEO position was to reduce the number of flights he undertakes to improve his quality of life as when I'd previously seen him he'd done something like 27 in 21 days. He said yes this was a key part and that he had reduced to something like 180 in the past 12 months. IMO this has helped keep him for longer and marries with him saying during the presentation he still is targeting a $1bn market cap then 'plans to disappear'. At $1.25 to the pound that would be c£36 so hopefully we'll hold on to him for a bit longer yet.

I'll leave it there as I'm sure the presentation will give a better overview than my notes ever could but I was left with the impression that despite the current PE there is still a lot to go for here and now feel more confident around there still being upside from the current share price.

[rivaldo] 06/2/2017 23:12

Broker comment from Cantor Fitzgerald, who have a 1750p target (Alphabeta4, hopefully see you there!):

Http ://www.proactiveinvestors.co.uk/companies/news/172690/accesso-s-profits-to-beat-forecasts-2017-starts-well-172690.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-362056-PROACTIVITY+-+Aminex%2C+Solo+Oil+and+Ithaca+Energy+in+the+spotlight

Extract:

"Revenues in 2016 will be in line with market forecasts. Broker Cantor Fitzgerald is predicting revenues of US$102mln and operating profit to exceed slightly its current US$14.7m profit forecast.

The broker added that the second half growth slowed a little due to the weather being too hot after an exceptionally strong first six months but with a number of big events this year the outlook remains bright.

The contract with theme part operator Merlin starts to ramp up, while Universal’s Volcano Bay water park opens in May and will showpiece accesso’s queueless technology.

Buy with a 1,750p price target is the broker's view. Shares rose 35p to1,580p."

[alphabeta4] 06/2/2017 16:41

I'm going to the Richmond presentation tomorrow - any of you coming?
Rivaldo - I have the weighted pipeline question on my list :)

[from8to800] 06/2/2017 15:28

A big reversal through the day... would have preferred a big 'open at low close at the high' type of day.

[rivaldo] 06/2/2017 15:21

N+1 Singer have increased their price target to 1683p today, stating Hold whilst conservatively increasing EBITDA forecasts by 2%-3%.

Interestingly, this is "pending crystallisation of some of the larger deals in the pipeline".

[luckymouse] 06/2/2017 09:19

Might be a breakout

[spud] 06/2/2017 08:54

Excellent! Boringly consistent in delivering growth ahead of expectation to shareholders.

spud

[janeann] 06/2/2017 07:09

short and very sweet! well done acso. I like the ...a strong start to 2017 where all accesso business lines are reporting good momentum.

[rivaldo] 06/2/2017 07:06

Perfect :o))

"Trading Update

Board expects an in-line revenue performance with profit likely to be ahead of expectations for 2016

accesso also reports a strong start to 2017

The Board of accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, is pleased to announce that it expects Group revenues to be in line with expectations for the year ended 31 December 2016, and expects to be ahead of expectations with respect to profitability. This strong performance has been achieved despite significant and accelerated investment in product and infrastructure to support business and growth opportunities in geographies outside its traditional core markets, together with further investment in the recently launched accesso Prism wearable device.

The Board is also pleased to report a strong start to 2017 where all accesso business lines are reporting good momentum.

accesso will announce its full year results on 21 March 2017. The Group will also hold a Capital Markets Event on the same day. "

[spud] 05/2/2017 20:44

Tomorrow should be interesting (if they announce as expected..)spud

[davidosh] 03/2/2017 02:59

Just a reminder that Accesso are presenting next week in Richmond...

[supernumerary] 02/2/2017 22:39

Friday's for hiding...

[janeann] 02/2/2017 22:05

so why not tomorrow .....

[alphabeta4] 02/2/2017 21:14

Would guess Monday as I haven't seen anything saying this week, was the 4th last year and they're presenting at Richmond on the 7th. (may be why you got voted down from - checking the dates from last year always gives a good clue).

[from8to800] 31/1/2017 07:11

When will three be an update/results?

[janeann] 28/1/2017 08:35

certainly does - especially as they were at the full ask - a noticeable change from recently

[spud] 27/1/2017 17:16

All buys at the Touch today. Bodes well for another nice rise next week imo. spud

[helpaargh] 22/1/2017 05:41

Ha ha good one. Trump to announce via Twitter that because it is cheaper than building a wall all Mexicans, all immigrants and the entire prison population to be forced to wear accesso prism device by the end of 2017.Queuing at checkpoints will be a thing of the past.
Trump was so pleased when his daughter Ivanka introduced him to the wrist band he kissed her on the lips several times and said "I wanna thank yer Ivanker".

[supernumerary] 21/1/2017 20:28

Chose the right name for it, helpaargh...

[helpaargh] 21/1/2017 18:39

Even I would snog him if it came off.