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ACSO Accesso Technology Group Plc

526.00
6.00 (1.15%)
11 Oct 2024 - Closed
Delayed by 15 minutes
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
  6.00 1.15% 526.00 51,233 16:35:14
Bid Price Offer Price High Price Low Price Open Price
524.00 528.00 530.00 500.00 500.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design USD 149.52M USD 9.01M USD 0.2159 24.46 217.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:00 AT 71 526.00 GBX

Accesso Technology (ACSO) Latest News (2)

Accesso Technology (ACSO) Discussions and Chat

Accesso Technology Forums and Chat

Date Time Title Posts
11/10/202411:56accesso Technology Group - Queuing growth for the future5,441

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Accesso Technology (ACSO) Most Recent Trades

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Accesso Technology (ACSO) Top Chat Posts

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Posted at 12/10/2024 09:20 by Accesso Technology Daily Update
Accesso Technology Group Plc is listed in the Cmp Integrated Sys Design sector of the London Stock Exchange with ticker ACSO. The last closing price for Accesso Technology was 520p.
Accesso Technology currently has 41,737,339 shares in issue. The market capitalisation of Accesso Technology is £220,373,150.
Accesso Technology has a price to earnings ratio (PE ratio) of 24.46.
This morning ACSO shares opened at 500p
Posted at 09/9/2024 14:14 by rivaldo
Hopefully ACSO will benefit from global disgust with Ticketmaster and competition investigations into Live Nation.

Meanwhile.....



"Chester Beatty and accesso® Celebrate Re-Launch of Enhanced App Experience
Posted In Press Releases on August 22, 2024

ORLANDO, FL (August 22, 2024) – accesso Technology Group (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, proudly announces the successful collaboration between its Professional Services team and Irish museum, the Chester Beatty to enhance the Chester Beatty visitor app. Initially launched in 2019, by late 2023 the app was ready for an upgrade and has now been relaunched with a fresh user interface and additional enriching features.

The app, built on accesso’s powerful Waymigo technology, offers visitors an immersive digital experience to explore the Chester Beatty collections and the museum. With audio tours available in 13 languages, an audio script, virtual 3D walkthroughs of the museum and online browsing of collections the app provides an engaging platform for both local and international visitors. The app also now features a new Children’s Quiz feature to engage younger audiences. The Chester Beatty app can be downloaded for free on iOS and Android devices.

etc"
Posted at 22/8/2024 12:51 by rivaldo
Good to see the share price bouncing.

I note that Long Path Partners have been buying more - they now own over 16% with almost 6.7m shares:



There's also news of a partnership with the Philadelphia Museum of Art:



"accesso® Powers Virtual Queue for The Philadelphia Museum of Art Cassatt Exhibit
20 Aug, 2024

ORLANDO, Fla., Aug. 20, 2024 /PRNewswire/ -- accesso Technology Group (AIM: ACSO), the premier technology solutions provider for leisure, entertainment and cultural markets worldwide is thrilled to partner with the Philadelphia Museum of Art (PMA), to use the award-winning accesso LoQueue® virtual queueing system for the highly anticipated exhibition Mary Cassatt at Work. This project follows a history of work between accesso and the Philadelphia Museum of art going back to 2014. This latest endeavor promises to enhance the visitor experience by eliminating long lines, enabling guests to explore the museum while waiting to view this important collection of works by the celebrated Pennsylvania-born artist.

etc"
Posted at 21/8/2024 09:22 by rivaldo
Analyst reaction FYI:



"accesso has ‘robust’ balance sheet to ride out Middle East delays - analyst

Peel Hunt retained its buy rating on Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) plc stock after the solutions provider to the leisure and entertainment sector adjusted its full-year guidance.

Although certain new projects for Accesso Horizon in the Middle East have been delayed (alongside main customer Six Flags in the US seeing lower recent footfall), Peel Hunt pointed out that accesso “does not perceive increased risk to the overall completion of these projects or their overall contractual value”.

“The group balance sheet remains robust,” added Peel Hunt, with a net cash position of $23.3 million as of 31 July.

Analysts gave the stock a 1,035p price target against a current spot price of 510p."



"Analysts at City broker Shore Capital Markets reaffirmed their buy stance on Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) following a revision to the theme park services provider’s full-year guidance.

accesso tightened guidance to between $150 million and $153 million, down from the $160 million forecasted in April.

This adjustment came in response to delays in specific new park openings and lower-than-expected consumer trading volumes during the peak summer months.

“There has been tough trading across key end markets, in particular, low volumes during July (a peak period), as well as delays to accesso Horizon projects in the Middle East,” noted broker Shore Capital Markets.

“Whilst mindful of this update, we see potential in new international markets, the ongoing consumer digitalisation trend and a model that is comfortably supported by cash,” added analysts.

The broker sees a fair value of 710p per share on the stock, representing a near 40% upside to current trading levels."
Posted at 05/6/2024 09:49 by rivaldo
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.
Posted at 04/6/2024 10:05 by rivaldo
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"
Posted at 17/5/2024 17:55 by aimingupward2
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.
Posted at 25/4/2024 13:52 by rivaldo
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."
Posted at 18/4/2024 10:31 by smithie6
WJCC

do the acquisitions provide an increase to the profit for '24 ?

cost ~50m$, so one hopes so.

-----

ski resort software acquisition.
tiny turnover & profit is even smaller, so forget that one in '24 imo
cost was ~10m$

VGS acquisition, cost ~38m$ nett, expected to produce 4m$ pbt, (about 10% return pbt, if 3.2m$ pat, 8.4% return, so that should increase the ACSO profit.....but perhaps not very much due to the interest cost on the debt to fund the deal. Strategically it looks like a good deal.
(only has 33 employees !!!)

-----

will any existing ACSO software or goodwill be written off due to any of these acquisitions, if acquired software replaces ACSO software, or vice versa ?
Posted at 16/4/2024 07:33 by rivaldo
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.
Posted at 29/1/2024 12:26 by rivaldo
FYI per an article last week on Proactive, Shore Capital reiterated their Buy recommendation.

A couple of interesting points:

(1) Shore believe "“Even at a discount to UK peers, you can still double the current share price“ on a bid coming in for ACSO:

"Currently, the company is trading at a discount to its UK and US SaaS peers, which ShoreCap believes is unwarranted, while in the long term, it is operating in a structurally growing market with an increasing number of visitors and demand for digitalisation.

“The group helps its customers gain a greater share of visitors' wallets as well as improve overall efficiency and ultimately if not valued by the market, we believe these characteristics could also make [Accesso] a bid target.

“Even at a discount to UK peers, you can still double the current share price.“

'Buy' is the recommendation."

(2) Shore "is forecasting underlying cash profits of US$23 million for the 12 months" (today's £148.5m revenues were slightly behind Shore's $151m forecast, but margins must have been rather better than expected since ACSO traded in line with EBITDA expectations).
Accesso Technology share price data is direct from the London Stock Exchange

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