Accumuli Share Discussion Threads

[aa29] 15/3/2015 12:24

Agree with the growth potential but ACM itself didn't even mention adjusted EPS growth in the headlines for its interims (+22% in first half).

Let's also not forget that ACM is still making pre tax losses - those amortisation adjustments might be non-cash each year but they do represent past payments for profits being generated now.

So once they start growing EPS at a level they can shout about and start generating bottom line profits then the market will catch on.

[buffetteer] 15/3/2015 09:23

With eps growing at 25%+ per annum and a forward PE of 12.8x giving a peg of 0.5 this is a good candidate for a re rating. I see a price of nearer 40p when the market wakes up to it.

[boadicea] 13/3/2015 22:59

The lower the better for those wishing to get in on a good growth story.

[buffetteer] 13/3/2015 14:34

Just topped up - massive growth market whether we like it or not

[qs99] 13/3/2015 14:08

Not a bad entry point IMO or even if goes lower IMO if you believe the story

[adamb1978] 13/3/2015 14:01

Other problem which ACM has, at least in terms of short term share price, is that the forecasts in the market are simply daft. They should comfortably make 2.1p EPS in the year starting soon, which is a PE of about 13.5x and therefore cheap given the growth of the company

[igoe104] 13/3/2015 11:41

Heavily tipped/ mentioned in IC/ Shares mag, especially with the cyber problems with song/ebay etc.

But saying that a lot of small caps have fallen over the past few weeks.

[nurdin] 13/3/2015 11:37

Where was it tipped if I may ask? Not a holder yet but looking at it...

[igoe104] 13/3/2015 11:29

What a poor month this share is having, low volumes, but hardly any buyers is the problem.

Needs some news to kick start it again.

That's the problem with tipped shares they always drift back when things go quite, some holders have short memories.

[mazarin] 09/3/2015 20:37

I wouldn't worry too much. It'll only take a bit of news to revive some 'Va va voom' into the s.p.

[buffetteer] 09/3/2015 20:08

No doubt Acm is cheap with earnings growth of over 20% (1.7p-2.1p). , good return on capital,and a growth market. Shares could be worth 40p + I reckon.

[boadicea] 06/3/2015 18:44

Hydrus- I think the mm's may have a seller on tap as they have been supplying stock at or below mid-price for some time (resulting in most buys showing as sells in the advfn listings.) However, while buyers continue to take up the slack at around 27 - 27.5p there seems no pressure to push it below the current level. It might not look so good if the buyers dried up and the seller decided to persist.....

Three months without specific news is always a strain on the share price of any small AIM stock even when the background looks as bright as at present in the internet security sector. Conversely, quiet times like the present are ideal for building a longer term holding in a growth situation.

[hydrus] 05/3/2015 19:59

Odd though that there seemed to be a breakout which has now reversed

[igoe104] 05/3/2015 09:13

Doesn`t take long before folks get bored, nothing has changed other than its not been tipped for a few weeks. All the other cyber security companies are doing really well, maybe its time to add ?

[boadicea] 03/3/2015 20:36

Adam - The December acquisition of Random storm may muddy the water with one-off costs in the next set of figures so it will be necessary to assess the underlying state of affairs. For a growth situation, as this should be, an effective multiple of 20+ would be reasonable which leaves a good upside if your 2.1p estimate (underlying basis) is somewhere near right. Very scalable at modest extra cost I would think.
It seems to be operating in the right market segment and in the right geographics and I currently favour it over ECK which I also hold.

Interested to hear the result of your Spreadsheet perusal.

About 4 or 5 weeks to likely market update. As always, nervous that the seller knows something that is not yet public.

[adamb1978] 03/3/2015 19:04

I was thinking the same boadicea. GOing to dust off my ACM spreadsheet this evening to check that I'm not going mad. The forecasts in the market still seem too low. From memory I was thinking 2.1p for the current ear

[boadicea] 03/3/2015 17:00

Strange market in these for the past few days with apparently more buys than sells (don't believe the auto analysis on advfn which is demonstrably false).
Mm's are selling consistently below mid-price, possibly indicating there is a sizeable line on offer. Hence we may perhaps see a further dip before it stabilises followed (one hopes) by a sharp recovery.
I may take the opportunity to bring my holding up to a reasonable level.

[gargleblaster] 26/2/2015 16:24

maza - Just the normal volatile behaviour imv.

This would have been a good share to own in the past, where you stick the share certificate in the bottom drawer and pull it out to check how many shares you bought - a couple of years later. Then you crack open the champers!!

[mazarin] 26/2/2015 15:57

ACM's been behaving a bit skittishly (intraday) lately for some reason and today's no exception, what's going on, any ideas....?

[rivaldo] 24/2/2015 11:43

Good to see ACM winning awards:



"Wednesday 18th February 2015

Accumuli Wins Corporate LiveWire's Award for Innovation and Excellence in IT Security and Risk Management.

Corporate LiveWire said “These awards represent the pinnacle of business achievement, championing the best in their respective fields, therefore to come out on top as a clear winner is truly an achievement you should be proud of.

We are delighted to pay tribute and to commend all winners who have displayed excellence, outstanding dedication, strong performance, innovation and sustainability throughout the past calendar year.

All winners of the Innovation & Excellence awards are subject to the same rigorous assessment criteria, carried out by our experienced in-house professionals. This ensures that only the most deserving firms and individuals walk away with one of these prestigious accolades and gain a place in our soon-to-be published awards winners’ guide, which will be distributed to over 1.5 million business executives”."

[igoe104] 18/2/2015 14:26

Can`t agree more.

[aishah] 18/2/2015 12:58

I note that the Sunday Telegraph (See Sophos holds beauty parade for £1b IPO) has covered the Sophos to IPO in London story that Hotviews brought to you over two weeks ago on 4th Feb 15. See Sophos – The Company an IPO? Great to see TechMarketView ahead of the others!

We estimated the IPO valuation at $1.5 - $2.3b – pretty much the £1b that the Telegraph suggests. Personally I think it will be at the higher end - particularly when analysts look at valuations put on others in this hot cyber security arena. The Telegraph suggests that Apax has hired ‘investment boutique Moelis’ to do the prep work and hold the beauty parade. Goldman Sachs, Bank of America Merrill Lynch, Citi, Morgan Stanley and Barclays are bidding for the business.

Whatever, I’m just really pleased and just a little excited about this. I can’t remember a tech (rather than ‘tech-enabled’) IPO of that size London in a long while. It will create a flurry of interest in the UK tech sector which will be good for everyone – including analysts like TechMarketView

[masurenguy] 18/2/2015 12:50

The Sophos IPO should also put ACM onto the radar of many more new investors !

Older, wiser Sophos ready for £1.5bn float

It could be a case of third time lucky for Sophos, which is gearing up for a £1.5bn flotation in London. The cyber security company has flirted with the stock market before, only to get cold feet on both occasions. It decided not to go ahead with a listing in 2007, as the global financial crisis took hold, and again in 2010, when a potential Nasdaq float was sidelined by its sale to Apax, the private equity group. However, Apax is said to be appointing banks after months of speculation and sources within the company said that a post-election initial public offering in London was being planned.

Sophos spent 30 years building its business from its headquarters in Abingdon, Oxfordshire, and it competes with some of the largest names in cyber security. It is expected to be valued up to £1.5bn, which would make it the largest technology listing in London. It would also be a coup for the London market, because Nasdaq is a natural home for such businesses. Kris Hagerman, the chief executive, said that Sophos was primed for a British listing. “We’re funded in the UK, headquartered here and have 500 people here. We’re pretty sizeable as we’re one of the largest, high-growth software companies in Europe,” he said. Walter Price, manager of the Allianz Technology Trust based in San Francisco, said that he would “absolutely” look at Sophos when it floats. “It’s a white hot market, spending is rising and [security] is a board-level issue now,” he said. Richard Holway, of TechMarketView said that it would be the most significant technology IPO in a long time and that Sophos disproved the image of a “parochial” UK technology business that lacks global ambition,
given that only 13% of its $406m revenue is derived from Britain.

Sophos, founded in the mid-1980s, has built up a position as a network security vendor and a company protecting the end user. Mr Hagerman said that most of its rivals, including Intel’s McAfee, Symantec’s Norton and Cisco, focused on only one of those markets. “It’s like having security guards inside and outside the building. Everyone is making one of those guards better, adding night vision goggles, body armour and better weapons. What we’re doing is providing them with a radio so they can communicate. If you spot the bad guy on the outside, you alert the guy on the inside.”

Complete article

[aishah] 17/2/2015 15:03

AA29 - Was thinking about adding around $21 but am too overweight in the stock so didn't. Over $31 now. Lot of short positions recently, so a squeeze due too. And upgrades will follow imo.

[aa29] 17/2/2015 13:33

Thanks AISHAH - hadn't seen that yet.

Bought a few more at $21.7 on the recent pull back. With Vasco's emphasis on the banking sector, the Kapersky report seems perfect for their future prospects.

They seem to be very cagey with the analysts and therefore, have a good record of beating forecasts - some of the 2015 estimates already seemed well below what they should be.