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Delighted to have had a reply at last !
Well done on the 50p buys, they are worthy of your posting name.
I can not claim to have bought as low as that but I was out in the mid £20's largely due, I recall, to reading a report indicating the 2018 change of management seemed to be an amber light. So yes, I was lucky, but I have felt for a good while that this stock was behaving like a tub of lard.
As I said in my recent post at 262.5 there is much more chance of making money at that level, especially with the old boss back in the saddle, but I still also believe that running a crowd control business when your biggest customers are just reopening after a long closure and with (some of) the public often nervous of being in crowds, is a pretty tough gig.
Everything has its price however & I truly suspect this might be it, although I doubt its ability to rise very far into double figures for some time yet, especially with the lack of air transport, global tourism is likely to see some permanent changes.
Barchid, I bought my stake in ACSO originally at around 50p-52p from memory (it's all on the bulletin boards if you really want to research it), and top-sliced a number along the way to £30. It's a shame you weren't around then, as it was quite a ride. Enough said really.....
Take a look at how my other holdings have performed too. Perhaps then you might re-evaluate your opinion :o))
I still hold a decent stake here. This could just be the floor. Certainly, this week's H1 results have been well received by the markets, probably because:
- trading is slightly ahead of expectations
- H1 figures looked as reasonable as could be given the pandemic
- relief at the company now being relatively well financed going forward
- virtual queueing taking off globally spurred on by COVID-19/social distancing
ACSO are not out of the woods yet by any means given the potential for second waves, but there's potentially multibagger upside if and when "normalisation" begins/returns.
Astonished to hear you congratulate someone who was a Bull from £30 to current level.
Are you for real ?
As Rivaldo has more sense than to get into an argument, I won't either. All I will say is that I am grateful to Rivaldo that he puts up what he thinks. It has frequently been very helpful to me.
I wish you well, and success with your investments.
I suggest you ask Rivaldo, he has been puffing this from £30 to sub £3 !
Check back and you will see I am not exaggerating....
Personally this co looks like a crock of cr@p, other than that the old boss is now back in the saddle, perhaps he wants to take it private ?
Still not RNS'd. I don't understand this crew. There seems to be no indication at all that they want to make this company work. They have the ideal technology for adaption into all kinds of Covid-world situations, to give businesses a chance to cope, but there is no indication that they've done anything at all. And when they make a win in their core business they don't even publicise it! It was never actually clear to me what was really going wrong before either, nothing to nail down. ???
As I said a few times before, you are such a keen ramper, snag is you have been doing it from £30 down to 260p this week, with no shame !
I would still love to know how you think it is not a really tough gig in making money out of crowd control systems when the best customers are closed to the public, or if open, very empty ?
Mark you at 260p with the old CEO back in the saddle there is a better chance now than from £30 down to £3.
I can't remember Syd James in "Carry on Ramping", perhaps you're making it happen ?
News - at last ACSO are delivering on virtual, socially distanced queueing. A prestigious, big name attraction too.
Not RNS'd (yet?), perhaps because it isn't individually material, but I'd have thought this was worthy of an RNSNON since it's certainly significant in terms of corporate news:
"accesso delivers virtual queuing solution for Parc Astérix
21st August 2020
accesso Technology Group PLC, a leading technology provider, has partnered with Parc Astérix to deliver a 100% virtual queuing solution.
accesso is pleased to announce that guests at France’s popular Parc Astérix theme park are now enjoying safe, socially-distanced visits, thanks to its 100% virtual queuing system. The park is the second-largest in the country and is located outside Paris, where it offers a fun selection of rides and attractions set over six different worlds.
Parc Astérix is using the Filotomatix virtual queuing program for several of its much-loved attractions, which is powered by accesso’s intuitive Qsmart platform and the accesso LoQueue virtual queuing solution. This means that the park is able to implement physical distancing regulations, keeping guests safe as well as reducing the amount of time they spend waiting in line.
100% virtual queuing
The Qsmart platform is user-friendly and easy to use, both for visitors and operators. It can be accessed through a smartphone, without the need to download any apps, or by using the accesso PrismSM smartpark wearables.
This virtual queuing solution leads to a contactless ride reservation and loading experience. It also adjusts to variables like guest flow as well as changes in weather and operations. The technology means that the park benefits from real-time capacity optimisation and is able to communicate effectively with guests throughout their visit.
“In accesso, we are pleased to find such a forward-thinking partner to help us welcome back our valued guests with safety and security top of mind,” says Sebastien Retailleau, Directeur Général Adjoint at Parc Astérix. “With the introduction of Filotomatix, guests will be freed from physical queues and thus able to enjoy visiting even more of our attractions and shows.”
Dynamic and reliable solutions
The French theme park is the latest attraction to turn to accesso’s virtual queuing solution in response to the COVID-19 pandemic and the need for social distancing. Just last year, accesso’s virtual queuing technology allowed more than a million guests to enjoy a more streamlined, queue-free experience at a range of attractions around the world.
“Parc Astérix is a truly iconic European park and we are thrilled to be partnering with them to redefine the experience for their millions of guests,” says Steve Brown, accesso CEO.
It will be interesting to see how dismal or not these are going to be, but the basic business is good, except for this year selling crowd control systems to theme parks that are basically closed is a pretty tough gig.
Against that the original CEO is now back in the seat and as Qd pointed out the CFO is buying a few shares so I guess we ignore the figures and read the statement very carefully ?
Will announce its interim results for the six months ended 30 June 2020 on Wednesday 16 September 2020.
Good sign in my books.
Price has been steady for a few days, is it not time for Rivaldo, the great ramper (price down 90% since he commenced his great work) to tell us how much more revenue they will raise from closed theme parks with no queues ?
With the share price down another 10% since your last puff on June 21 weren't we due another one this week ?
I just love the way you give links to nothing very special and then, cool as a cucumber come back and do it again !
I must admit you are good at it as you seemed to start when they were close to £30, now they are less than 10% of that do you still think that running crowd control programs in theme parks which are closed is not a rather hard gig ?
Be intrigued to know, also which MM do you work for ?
Well you could say that trying to run a crowd control business in theme parks when most of your biggest customers are closed is a pretty tough gig,
Despite the continued ramps from Rivaldo who sends bullish messages and links to little in particular, and has been doing so regularly from a share price of about £30 to his last one on June 21 with the shares at £3, the £2.65 price today shows how effective his work has been, so a tough gig it seems to be doesn't it ?
There is either an astonishing lack of communication, or an astonishing lack of ability to capitalise on what seems a gilt edged opportunity. What on earth is going on?
Didn't do much to the share price though, did it ?
Great post Rivaldo , thanks
Extensive new interview with the CEO covering virtual queue technology, social distancing, limiting capacity at attractions/entrances, advanced reservations etc...
There is a huge, global opportunity here for ACSO across so many sectors (much more than even every single theme park and attraction).
Given ACSO's track record, global customer list, technology already in place and working effectively, and wide patent protection, one would think ACSO are in prime position to clean up here.
Let's hope management are up to the job and can perhaps recover at least some of the sparkle from not so long ago:
"Virtual Queues and More with accesso CEO Steve Brown
June 19, 2020
The ongoing coronavirus pandemic is leaving no part of the theme park experience unchanged. As theme parks begin to reopen, their standard operating procedures are drastically different with new safety protocols and other operational changes in place.
In addition to encouraging standard hand-washing and other personal hygiene practices, park operators are encouraging social distancing to prevent the spread of COVID-19. This includes limiting park and attraction capacities, requiring advanced reservations and implementing virtual queue technology.
Enter accesso®, the inventor of virtual queue technology; the tech company has served as the premier technology solutions provider for theme parks, attractions and other entertainment venues worldwide for 20 years. Currently serving over 1,000 venues in 30 countries around the globe, accesso’s patented and award-winning technology helps drive increased revenue for attraction operators while reducing the time guests spend waiting in line, therefore improving their overall experience."
"How do you think virtual queue technology will change theme parks in the long run after the COVID-19 pandemic has ended?
Virtual queuing has always been the future of the theme park and attractions industry, but we’re seeing more widespread use ushered in more quickly than expected due to the pandemic. Although current implementations focus on the safety of guests and employees, the use of this technology will forever change the guest experience for the better.
This technology will allow guests to enjoy more of a venue during their visit, which in turn provides a better guest experience, as well as the potential for increased in-park spend."
I seem to have got about 16%
I seem have have got about 28% of the extra shares I asked for on top of the 1/13 open offer. Wasn't expecting it to be scaled back by quite that much, but so it goes.
Interesting the open offer is 2,131,151 shares (out of 13,481,744)
2.1 million is almost the same as market traded on 23 Jan 2020 a One in Hundred day
the price action was :-
23/01/20 open 370 hi 420.00 lo 322.50 close 344.00 volume 2,131,727
More interesting 23 January 2020 we also had the RNS:-
End of Formal Sale Process and Trading Update
Does anyone know what the scaled back allocations will be ?
News alert - ACSO - Results of General Meeting and Open Offer
Ive gone for a similar amount but anticipate a scaling back
I've opted to take up all my open offer shares and subscribed for another 1000 on top, on the grounds that I'm unlikely to get another chance to get my hands on any of these at £2.90. Could well be wrong - been buying these since December at £5.40, some more at £2.10 in April and £3.20 in May. Currently slightly in profit overall. Fingers xed.