Accesso Technology Takeover Rumours (ACSO)

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Accesso Technology Takeover Forum Posts

If there is right down in their intangibles (capitalised dev costs) would it be correct to also assume they'll need a rights issue also, if so how would it take to steady the ship, £20-30m?? An accounting kitchen sinking coupled with renewed focus on cash flow then this would reset the company appears to be on the cards based on the last RNS. The underlying business are solid and with good tech and market position. A takeover realise that value at multiples of sales.
A quick refresh of HY results (i know there is seasonality with theme parks) but it was $1.4m so the acquisition costs wipe that out straight away...! This is tech so always the prospect of someone sniffing around for a takeover
The Company needed a far more upbeat sounding statement to maintain any momentum in the share price. Also I would have thought that the one off $1.7m exceptional costs relating to an ultimately unsuccessful takeover opportunity was significant enough to announce at the time (October 2018) rather than over three months later.
Spud - maybe if you've spoken to TB you know different, but I would have thought it rather unlikely the directors will be buying. They already have lots of skin in the game, and many divisional managers must still be holding shares from the acquisitions. Quite enough eggs in the one basket I would have thought. I would also suggest that they'd fight tooth and nail against a takeover offer at these prices. I'm sure TB still has his eye on the FTSE and no doubt in my mind they'll make it sooner or later. If competing bids emerged it might prove irresistible, but a cheeky takeout is not on the cards - the first sign of interest and the limited free float will send the price through the roof.
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