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I just topped up this morning myself, though really just getting back to number of shares I'd held before.
Like you I have another tranche of money to put in but unlike you I'll be waiting till after report as feel I have enough in here should this take off and there seems to me a fair few other stocks I can put money to work in.
Hopefully I'll be regretting this decision in a few weeks, or at least ruefully smiling at it. :)
Don't understand the recent slide in the share price, given good recent contract wins, positive trading statement, CEO purchasing, somebody stake building etc.
So I added about 25% to my holding, taking my average up to almost £3.50. Some more income falls into my ISA on September 12, so if the price is still this low I'll add another 10% then, in confident expectation of very positive H1 figures the next day.
Excellent news this morning. Parques Reunidos have extended their agreement with ACSO to supply virtual queueing technology for five more years - and expanded it across "two additional North American venues and four European theme parks this year, with more planned for the future".
This may be an RNSNON because the immediate financial uplift is non-specific, but imo this is extremely significant. It's another vote of confidence in ACSO's tech and abilities from a big name in the industry, and is also likely to be financially very material given the impact from six additional theme parks with more to follow:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-accesso-virtual-queui/88902269
Great to see the American fund Long Path Partners buying more - they now have over 12%, with 4.96m shares:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Holdings-in-Company/88873863
oh 13th Sept lol should have just looked on here instead of their own site
not too soon I hope as had to take money out to buy a different stock I saw quicker returns in (funny how that often doesn't come to pass!) so worried this will jump before I reinvest.
Do we know when interim report will likely drop?
Looks from previous sometime in September but I couldn'rt see anything on the website.
Anyway definitely feel this is a good stock to be in long term as the tech is exactly what customers will come to expect of theme parks as well as airports, resturants, etc
Disney parks have reported surging visitor numbers which bodes well here imv.
At some point the market will see the value here with venues reopened and technology central to enhanced guest experience.
Great to see the CEO buying around £85,000 of additional shares to add to his already substantial holding:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-PDMR-notification/88447288
Canaccord have bought another 500,000 shares - they now own 12.45% of ACSO, or 5.14m shares:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/202206071712510541O/
Just bought another £3k at 660p - very cheap imv- we shall see - I was wrong last time lol!
News - should provide nice cross-selling opportunities to RTP's 100+ global clients:
Https://www.accesso.com/news/accesso-and-active-network-establish-strategic-partnership-to-enhance-ski-industry-support
"accesso® and ACTIVE Network Establish Strategic Partnership to Enhance Ski Industry Support
May 16, 2022
ORLANDO, Fla. (May 16, 2022) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, and ACTIVE Network – which owns and operates Resort Technology Partners (RTP) – have entered into a strategic agreement to advance the reach of the companies’ solutions tailored to the ski industry. Through this partnership, ACTIVE Network customers will benefit from “Preferred Provider” access to the award-winning accesso Passport® eCommerce ticketing suite, which powered $250+ million in revenue generation for ski operators in 2021 alone. accesso eCommerce clients will now also have the option to select the RTP | One point-of-sale resort software system – a leading solution serving the ski industry for nearly 25 years and bolstering operations for more than 100 clients around the globe – to support their on-site operations.
etc"
Https://citywire.com/funds-insider/news/the-expert-view-imperial-brands-croda-international-and-ssp/a2387679?ref=citywire-money-latest-news-list#i=5
"Accesso’s just the ticket, says Shore Capital
Accesso Technology (ACSO) has provided an encouraging trading update and Shore Capital says global trends are underpinning an optimistic outlook.
Analyst Katie Cousins retained her ‘buy’ recommendation on the ticketing and queuing software provider, which slipped 2.7% to 730p.
‘The group appears motivated and excited about the future of the business, and we continue to remain optimistic about the opportunities for Accesso which we see as underpinned by global trends driving e-commerce adoption across consumer venues,’ she said.
Over the medium-term, Cousins said there was ‘scope for a recovery to a sustainable cash Ebitda [earnings before interest, tax, depreciation, amortisation] margin of over 20%, driven by the combined impact of strategic investments, better cost control, and increased global exposure’.
‘We expect this to be supported by attractive cash generation,’ she said."
An encouraging (if somewhat vague!) AGM statement today.
Since the prelims and the outlook therein were so bullish, we can take comfort from the CEO saying today:
"I'm very pleased with how accesso has started 2022. We've continued our momentum from 2021 and we are executing in line with our plan for the year"
A little more detail would have been good, but hey......
Added another £5k - fingers crossed for tomorrow.
Bought another £2k in expectations of a stunning re opening statement tomorrow - we shall see.
Good stuff rivaldo, I've looked into them before. Last June they increased their holding from 8.4% to 10.4% when the price was approx 590p so it's a vitd of confidence to see them buying in the 700's.
I'm expecting a strong year for earnings.
RNS just out - great to see an American investment company increasing its stake in ACSO.
Long Path partners have bought another 250,000 shares or so and now own 4.55m shares, or just over 11%:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/202205121242083103L/
"Long Path Partners is a privately-owned investment firm that seeks to compound capital by investing in a limited number of high quality, predictable businesses that we intend to own for the long term."
Https://longpathpartners.com/
I am thinking the disney park visitor numbers will soar dragging this price up as a read across - we shall see what tomorrow brings.
The new presentation can be seen here and is excellent (ACSO are the final company presenting), with the CEO being particularly confident:
Https://www.youtube.com/watch?v=XkB6eSabldI
Highlights:
- "our demand has never been so high"
- a $64m cash pile, up from $34m in 2020
- in 2021 ACSO won 50 new venues and achieved 64 eCommerce contract wins
- the Merlin contract has bee renewed to Aug'26 and Six Flags through 2025
- Passport has 96.1m reservations in 2021 compared to 56.7m in 2019 pre-pandemic due to consumer adoption of mobile technology
- attraction operator needs due to labour shortages are now meeting ACSO capabilities in mobile tech via food and beverage ordering, mobile apps, guest identity etc
- "demand for our services is truly remarkable now"
- a US listing is on the radar, but not top of the list and very happy on AIM
Key growth drivers:
- cross-selling to over 1,000 customers, i.e ecommerce to ski resorts
- gaining new customers, with high demand and a good sales pipeline
- possible acquisitions using the cash pile
ACSO are one of three companies presenting at 6.00 on Thursday evening - free registration:
Https://event.webinarjam.com/register/126/ox7r5unp?j=1075411&sfmc_sub=207590540&l=86_HTML&u=63169045&mid=100009383&jb=69
We already know that ACSO had a very good 2021 and that this year has started well.
And that's despite last week's news from Merlin that although the number of its visitors across its global operations in 2021 rose from 22.1 million to 35.2 million, this was still "some way short of the 67 million recorded in 2019".
The CEO said "he expected domestic business to return to 2019 levels this year, but its international business would probably take until the end of next year".
Imagine ACSO's results when international business fully returns. In the meantime UK and US attraction visitors should be back to normal or almost normal this spring and summer:
Https://www.thetimes.co.uk/article/bear-grylls-adds-a-little-bit-of-magic-to-merlin-entertainments-3k6v26frp
Shore Capital say Buy today - they predict $36.9m PBT this year, along with a whopping $121m cash pile by the end of the year. At which point the cash pile would represent almost 30% of the m/cap!
Https://www.proactiveinvestors.co.uk/companies/news/979398/accesso-to-generate-mass-of-cash-predicts-broker-979398.html
"Accesso to generate mass of cash predicts broker
Trading this year is said to have started well, with traction within North America
Accesso’s full-year results were encouraging says Shore Capital, which has stuck a buy rating on the virtual ticketing and queuing group.
Last year, 2021, was an exceptionally good year, it says, boosted by a greater mix towards higher-margin revenue segments, such as queuing, ticking and eCommerce positively impacted gross margins.
Transactional revenues continued to increase in line with easing restrictions, and an abnormal shift in revenue mix, along with prolonged cost savings, positively impacted group margins.
Trading this year is said to have started well, with traction within North America and an increasing consumer appetite for leading-edge eCommerce solutions.
As trading normalises, the cost base is expected to rise, given the operating model and industry wage pressures, however, ACSO has stated that it expects another cash generative year building on the year-end cash balance of above US$60mln.
In a new forecast for 2024, Shore Capital has pencilled in sales of US$165mln and underlying profits of US$36.9mln, with net cash rising to US$121mln by the year-end or more than double the end of 2021."
The new March issue of that must-read publication Amusement Today is now out, and it has a large feature on ACSO on pages 48-49, concentrating on the long-term extension of the partnership with Merlin through to 2026 (and potentially to 2028):
Https://amusementtoday.com/issues/2022/202203/
There's also an interview with ACSO's Marketing Director on p.46.
Troajan, ta re the interview with ACSO's CEO. No wonder he's so bullish when you consider (1) consumers wanting to do everything on their smartphones, and (2) the benefits to operators of reducing labour costs, both of which are being enabled by using ACSO's products.
Canaccord have been buying. They've bought around another 530,000 shares since their last disclosure (via Hargreave Hale), so at least £4m's worth.
They now won 4.64m shares, or 11.25%:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Holdings-in-Company/87644755