Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -0.65% 610.00 42,985 16:35:29
Bid Price Offer Price High Price Low Price Open Price
608.00 618.00 620.00 600.00 612.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 41.03 -24.04 -62.01 251
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:00 O 467 609.995 GBX

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28/6/202217:21accesso Technology Group - Queuing growth for the future5,170

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Accesso Technology Daily Update: Accesso Technology Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 614p.
Accesso Technology Group Plc has a 4 week average price of 576p and a 12 week average price of 576p.
The 1 year high share price is 1,012.50p while the 1 year low share price is currently 576p.
There are currently 41,189,099 shares in issue and the average daily traded volume is 39,671 shares. The market capitalisation of Accesso Technology Group Plc is £251,253,503.90.
rivaldo: Great to see the CEO buying around £85,000 of additional shares to add to his already substantial holding: Https://
rivaldo: Canaccord have bought another 500,000 shares - they now own 12.45% of ACSO, or 5.14m shares: Https://
smithie6: Does this show a weakness in the product suite of ACSO ? Since they expect to re-sell an RTP product ?
rivaldo: RNS - great to see an American investment company increasing its stake in ACSO. Long Path partners have bought another 250,000 shares or so and now own 4.55m shares, or just over 11%: Https:// "Long Path Partners is a privately-owned investment firm that seeks to compound capital by investing in a limited number of high quality, predictable businesses that we intend to own for the long term." Https://
rivaldo: The new presentation can be seen here and is excellent (ACSO are the final company presenting), with the CEO being particularly confident: Https:// Highlights: - "our demand has never been so high" - a $64m cash pile, up from $34m in 2020 - in 2021 ACSO won 50 new venues and achieved 64 eCommerce contract wins - the Merlin contract has bee renewed to Aug'26 and Six Flags through 2025 - Passport has 96.1m reservations in 2021 compared to 56.7m in 2019 pre-pandemic due to consumer adoption of mobile technology - attraction operator needs due to labour shortages are now meeting ACSO capabilities in mobile tech via food and beverage ordering, mobile apps, guest identity etc - "demand for our services is truly remarkable now" - a US listing is on the radar, but not top of the list and very happy on AIM Key growth drivers: - cross-selling to over 1,000 customers, i.e ecommerce to ski resorts - gaining new customers, with high demand and a good sales pipeline - possible acquisitions using the cash pile
rivaldo: We already know that ACSO had a very good 2021 and that this year has started well. And that's despite last week's news from Merlin that although the number of its visitors across its global operations in 2021 rose from 22.1 million to 35.2 million, this was still "some way short of the 67 million recorded in 2019". The CEO said "he expected domestic business to return to 2019 levels this year, but its international business would probably take until the end of next year". Imagine ACSO's results when international business fully returns. In the meantime UK and US attraction visitors should be back to normal or almost normal this spring and summer: Https://
rivaldo: Depends which figures you use! The 61.1c adjusted EPS for last year equates to around 46p EPS, so that's a historic P/E at 818p of 17.8, but which includes the significant income tax benefit. Better to use the figures in this analysis now up from Peel Hunt, who have a 1300p target price (to which the upside is some 60%, not the 37% quoted!): Https:// "Accesso investors thrilled as ‘outstanding’ performance impresses City analysts Accesso is highly undervalued, according to stockbroker Peel Hunt, which calls it a huge Covid-19 exit play. Having white-knuckled through Covid lockdowns investors in Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) are again seeing the AIM-quoted stock as something of a thrill-ride, as parks reopened though 2021. Accesso was boosted on Tuesday by upbeat set of financial results which, in the words of chief executive Steve Brown, saw a "simply outstanding" performance for the theme park ticketing and virtual queuing services firm. The shares advanced around 7%, trading at 822p, after the company revealed 123% revenue growth to US$124.80 in 2021, driving a 346% increase in earnings (EBITDA) to US$28.1mln. “We delivered record revenue and record profit during another challenging year in our end markets as they continued to recover at varying levels through the year,” said CEO Brown. Key to the performance has been the appetite of theme park operators to make efficiency gains, reduce labour costs and optimise digital revenue streams – all in the wake of the reopening of parks following the Covid-impacted 2020. “In the near term, we'll invest squarely behind this increased level of demand to secure the long-term, repeatable revenue during the crucial adoption phase,” Brown added. “We will also see a welcome return to more normal operations and full staffing levels which will support the growing demand for our solutions and allow for continued innovation." Analysts at Peel Hunt, meanwhile, reckon Accesso will now deliver another cash generative year, despite expected higher costs in 2022. “We expect to upgrade revenue for 2022 by 3%, driven mainly by the faster than expected recovery in lower-margin distribution seen in 2021,” Peel Hunt analyst James Lockyer said in a note. The analyst also expects to upgrade his expectations for cash earnings by some 17% for 2022 and 22% for next year. “Given this strong outperformance and upgrade we reiterate our ‘buy’ recommendation and 1,300p price target. Today’s share price implies Accesso is trading on a 2x FY2023 EV/Sales and 15x FY2023 EV/cash earnings on our new numbers. “This shows Accesso as highly undervalued given its operational leverage, a play on the offline to online shift, and a huge Covid-19 exit play.” With a 1,300p price target, Peel Hunt sees some 37% upside to the current share price. Elsewhere, analysts at Shore Capital – which also rate Accesso as ‘buy’ - said they’ve been pleased with the quick recovery and the upgrades. “We continue to believe that Accesso has a compelling proposition in line with industry digital / consumer trends and is well placed for future sustainable growth.” Accesso, in this morning’s statement, pointed to a positive start to 2022. Investors were told trading volumes for January and February had been "encouraging". For example, accessoPassport ticket business for North America was double that of 2019 as a result of the new customers brought on board over the past two years. “Whilst we remain cognisant of the relatively early stage in the year, the impact of tiered pricing at higher volumes and revised terms related to enterprise renewals, we are cautiously optimistic about another year of good progress,” the company highlighted."
nchanning: I don't think 1400p will be a great result, but it will happen if the share price doesn't rerate. It's a sitting duck with that cash pile a buyer wouldn't even need to put much equity in . This is really a high quality business now , barring once in a century pandemics ...
nchanning: Every indication that there will be substantial growth again in FY 2022 , clearly 132m revenue is far too low a forecast as it stands . If we continue to show explosive profitable growth in a sticky vertical market software industry this should trade at 5 x sales at a bare minimum. The share price needs to go up soon or someone will take this out at 1400p ...
rivaldo: Wow. Fantastic results today - this in a year heavily impacted by Covid! Covid and the increased need for ecommerce/mobile ticketing and social distancing have made this a perfect environment for ACSO's services, which are expanding to now include food and beverage for example. Hugely cash-generative too. ACSO now have around a £50m cash pile - approaching 20% of the m/cap. And a very bullish outlook as global economies open up - this year's figures could show even better progress: "accesso has made a strong start to the 2022 financial year, with trading volumes in January and February providing an encouraging basis for this year's performance. In North America, our accesso Passport ticket volumes were double what we saw in the first two months 2019. This robust performance continues to be supported by the removal of COVID-19 restrictions across the world as well as the benefit from a significant number of customers onboarded during the past 2 years and increasing customer appetite for a leading-edge eCommerce solution." I love this paragraph, which shows the fundamental shift in ACSO's operating environment: "The significantly higher utilisation of our solutions by both venue operators and their visitors is a clear indication that the relationship with technology in our end markets has undergone a fundamental change. Bearing in mind, a significant portion of our revenue is transaction based and we are confident this new level of engagement with our technologies is here to stay. Many guests who before purchased tickets at the front entry or food at the restaurant counter are now mobile users. Guests that previously utilised our virtual queuing solution via a wearable device are now doing so via their smartphone. Operators have seen our technology transform the quality of their experience, deliver greatly enhanced revenues, and lower their operating costs. They are never going back."
Accesso Technology share price data is direct from the London Stock Exchange
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