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Looks like a great deal for both parties. ACSO's management have acted to increase market share and with a high chance of success in cross-selling their products and services. Very pleased lth here :)
Agreed - good to see an earnings-enhancing $10m acquisition today in the ski sector which ACSO already knows so well - should enable a load of cross-selling and synergies:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Acquisition/90831893
Acquisition announced today looks great - hopefully sp will climb as a consequence.
Excellent new presentation by ACSO here - good to see the ambitious target of $200m revenues with margins of a minimum 27% by 2025.
That would entail pretty impressive 43% revenue growth by the end of next year and substantial growth in EBITDA margins (assuming that's what he means):
Https://www.youtube.com/watch?v=CbKD7pnY7zQ
Peel Hunt say Buy, with a 1,035p target - quite some upside:
Https://investing.thisismoney.co.uk/broker-views/ACSO
It's worth noting the remarkably conservative write-off of development expenditure. The total development expenditure for 2022 increased to $43.2m, 24.5% higher than 2022 - yet of this, only $2.2m (around 5%) was capitalised. Without this net profitability would be considerably higher than it already is, and future profitability will undoubtedly benefit hugely.
All,
Any idea why sp is going down?
I believe ACSO delivered good results. Didn't expect SP to go down.
Any hidden concerns or just Mr Market and shorters are doing their bits?
Thanks
But the market has gone from positive here to negative in just a few hours!
If you strip out the $65m cash from the £277m m/cap, I calculate the historic P/E is only around 18.8 now, which seems very good value considering the potential and repeating and long-term secured revenues.
Good results overall and optimism about prospects for the coming year:
"With a strong operating performance track record and a robust balance sheet, we have never been better positioned as we move into 2023 and beyond."
Mixed bag imv- growth in revenue but larger growth in costs -not sure what the market will make of them.
Me too as I don't think ACSO's shareprice really got the boost it deserved after January's news of 18 new clients. These results should provide more detail on that and the exciting future ahead.
For the record, the results will be on Tuesday 4th April - I'm looking forward to them given the excellent trading statement:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/trading-statement/202301310700063048O/
Good to see Shore Capital raising their forecasts for 2023 by 7%, noting that there should be an £88m cash pile and that there could be further upgrades with March's figures:
Https://www.proactiveinvestors.co.uk/companies/news/1004839/accesso-technology-group-a-buy-say-shore-capital-analysts-1004839.html
“If momentum continues into the first quarter, the forecasts could be considered overly cautious and Shore plans to review its figures alongside further detail in March,” said the analysts."
Just bought another £3k expecting an early gain on that investment once the market wakes up!
A very well run company, I have faith in the board and direction of the company.
Accesso's offerings have great potential to grow in demand from new customers and also to provide continuing custom from current clients.
Excellent - the year end update notes that 2022 revenues were once again ahead of prior expectations and that operating margins were strong.
Plus there's $64m in the bank.
Looking good:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Trading-Statement/90094019
True, the response has been disappointing but it's worth noting that there should be a Trading Update out very soon (26th Jan last year).
Hopeful that the new clients will put revenue "ahead of expectations" before the March year end.
Seems great to me. Lots of new custom, wide variety both of markets and products.
Market surprisingly unimpressed.
Yes, excellent news Rivaldo. With the demise of K3C next month, ACSO should become my #1 ISA portfolio holding. I also bought some yesterday in Trading, knowing that they release a Jan TU. This has exceeded my expectations though.
Nice business update today. We already knew that ACSO had a very good 2022, and it seems this is continuing with the winning of 18 new clients for their various tech solutions. Good to see some prestigious names in there, including Battersea Power Station and San Francisco Zoo:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Continued-new-busines/90000220
"Steve Brown, CEO of accesso, commented:
"2022 was a strong year for accesso, and we're pleased to have closed out the year welcoming such a unique set of new partners to our worldwide client network. The multi-solution nature of the wins underlines the highly differentiated nature of our mobile-first technology. We look forward to deepening our global footprint even further in 2023, helping operators unlock new opportunities to drive revenue and deliver a better guest experience in the process."
Https://citywire.com/funds-insider/news/expert-view-astra-accesso-spire-boohoo-and-clarkson/a2406124#i=3
"Premier Miton adds Accesso to ‘responsible’ portfolio
Premier Miton’s Jon Hudson has initiated a position in queuing software group Accesso Technology (ACSO) as he believes it is helping cities deliver ‘sustainable infrastructure’.
Citywire A-rated Hudson added Accesso to his £178m Premier Miton Responsible UK Equity fund thanks to the prospects for its virtual queue technologies’.
‘The company’s technologies are used by various theme parks in the UK and US to help visitors avoid long lines via a handheld unit that notifies users when they can enter the particular rides they desire,’ he said.
‘Accesso Technology fits within our sustainable infrastructure and cities theme, with the company’s patented technology solutions used to drive an increase in revenue for attraction operators while also improving guest experience,’ said Hudson."
Just noticed I hold these bought them on 1/11/2019 paid 600p ( over 3 years ago )
780p today .
Some sort of offer 28/7/2020 at 290p a little more put on acc ( not a generous ratio )
Notice a lot of fund managers hold this company two of them with a larger holding then Amaati .
They were 2900p 28/9/2018 ...225p 9/4/2020 . ( as volatile as any of my AIM shares maybe )
looks like they might of IPO'd 22/5/2002 around 100p
Often wondered if these funds buy and hold or trade the highs and lows .
Anyone have knowledge of the funds history here .
rivaldo, unless mace make their construction sites tourist attractions I cannot see much of their £2bn turnover coming our way unfortunatley.
New contract win for ACSO's eCommerce ticketing suite at the TFL's Cloud Cable Car over London for the next three years:
Https://www.accesso.com/news/accesso-powers-ifs-cloud-cable-car-ticketing-operations
The contract win is good to see, but in particular it's interesting to see this achieved in partnership with Mace. Mace are huge - they had almost £2 billion turnover in 2021. Hopefully Mace might provide significant additional business in ACSO's direction.