Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Https://www.parkworld-online.com/accesso-wins-multifaceted-ticketing-partnership-with-calaway-park/
"accesso wins multifaceted ticketing partnership with Calaway Park
Western Canada’s largest amusement park employs robust ticketing solutions to enhance guest experience.
On Nov 22, 2021
"accesso Technology Group plc, a leading technology solutions provider to leisure, entertainment and cultural markets, has signed a three-year partnership with Calaway Park to provide its accesso Passport eCommerce ticketing suite and accesso Sirusware point-of-sale ticketing solution to support the operator’s ticketing operations. Implementation of both solutions is scheduled to go live in November 2021.
The fully hosted and award-winning accesso Passport eCommerce ticketing suite provides an easy-to-use eCommerce experience for guests, available at their fingertips via desktop, tablet or mobile device. And with the ability to deliver personalized, unique up- and cross-sell opportunities, operators can ensure each guest has access to everything they may need for an upcoming trip – from show tickets and dining packages to parking passes and stroller rentals. accesso Sirusware serves as an all-in-one solution for every point-of-sale need across an attraction or venue. The solution provides operators with a complete view of their guests’ purchasing behavior – including merchandise purchases, food & beverage orders, and more – all on one platform, eliminating the need for separate systems and databases.
“At Calaway Park, it’s all about family fun and that starts during the trip planning process,” said Bob Williams, general manager of Calaway Park. “Whether a guest is purchasing a season pass to visit us multiple times a season or is purchasing a one-day ticket for a special trip, the purchase process should be easy, intuitive and enjoyable. We are excited to partner with Accesso to provide this experience to our valued guests.”
Located in the foothills of the Canadian Rockies, Calaway Park operates between May and October each year, offering 32 family-friendly rides throughout the park. As Western Canada’s largest outdoor family amusement park, Calaway Park has offered generations of families a safe, family fun experience for over 40 years. And with one-pay gate admission pricing, guests can enjoy the park experience at one set price, from live performances at the Celebration Square Stage to the Spray n’ Play attraction, which boasts 15 unique water features designed for family fun.
“Calaway Park has been delivering on the mission to provide its guests with ‘worry-free adventures’ for nearly 40 years,” said Steve Brown, accesso CEO. “Through this partnership, we look forward to providing them with the experience-enhancing technology they need to continue on with that promise for years to come.”
This year's Blooloop Innovation Awards feature ACSO's new Queue Length Management (QLM) System (and it's highlighted prominently as the first product mentioned):
Https://blooloop.com/theme-park/opinion/blooloop-innovation-awards-roundup/
"accesso: LoQueue Virtual Queuing
accesso has launched a Queue Length Management (QLM) System as part of their LoQueue Virtual Queuing solution. The QLM System uses cameras, artificial intelligence, and machine learning to accurately predict guest wait times based on real-time data.
This innovation will be beneficial to operators. After installation, accesso’s QLM system automatically generates wait times and will adjust properly throughout the day based on guest flow. "
Https://www.prnewswire.com/news-releases/accesso-expands-partnership-with-illuminarium-experiences-301414049.html
"accesso® Expands Partnership with Illuminarium Experiences
Experiential Entertainment Company Leverages New eCommerce and Ticketing Technology to Drive Engagement and Enhance Customer Experience
Nov 02, 2021, 08:00 ET
ORLANDO, Fla., Nov. 2, 2021 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Illuminarium Experiences to provide its accesso Passport® eCommerce ticketing suite and Ingresso ticketing distribution technology to support the operator's forthcoming Las Vegas location at AREA15, which is set to open in early 2022. This agreement marks an expansion of the partnership between accesso and Illuminarium Experiences, as the technology solutions provider has supported operations at Illuminarium Atlanta since July 2021.
Illuminarium Experiences is a breakthrough global experiential entertainment company created by worldwide leaders in cinematic and interactive content, architectural and theatrical design, and venue operations. Combining techniques used in traditional motion picture production and virtual reality, Illuminarium Experiences invites visitors to experience real-world, filmed content and authentic, re-created worlds in an immersive environment, without the need for wearable hardware. Earlier this year, the company opened its first-ever Illuminarium venue in Atlanta, Georgia. Following its opening in Las Vegas, Illuminarium Experiences will open unique venues in Miami and Chicago, with plans for 40 or more additional venues in major cities across the globe within the next five years.
The fully hosted accesso Passport eCommerce ticketing suite helps operators to provide their guests with an intuitive and enjoyable eCommerce experience on any device, while driving revenue with up-sell and cross-sell prompts that help ensure guests can plan for their ideal visit. accesso's ticketing distribution platform, Ingresso, connects operators like Illuminarium Experiences to a global network of third-party distributors to drive increased ticket sales – with potential reach of more than 1 billion new customers – while eliminating long voucher exchange lines at a venue's entrance by providing guests with real-time live ticket inventory.
etc"
That's a clear buy signal for me. I averaged up this morning.
And this morning the Chairman has followed the CEO in buying more shares - almost another $100,000's worth....
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-PDMR-notification/86428636
Yes, a massive signal that the CEO thinks there is huge growth potential in the pipeline :)
Great to see the CEO buying another $101,200 of shares. A rather confident purchase....
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Director-PDMR-Shareho/86416539
Steve Brown interview with Katie P.
https://youtu.be/e8km8CjAFdA
Peel Hunt today say Buy with a 1300p target (Shore Capital also say Buy, no price target):
Https://www.sharecast.com/equity/Accesso_Technology_Group/broker-views
With the credibility and connections that come with Steve Brown, I wonder if ACSO can return to the glory days of 3,000p.
The background is much more solid and the potential much larger these days given the trends outlined in my earlier post just below by the JO Hambro fund manager, and ACSO remains one of the leaders and perhaps the market leader in the space.
Accesso Technology upgrades revenue forecast after rapid return to form.
https://www.proactiveinvestors.co.uk/companies/news/964413/accesso-technology-group-upgrades-both-revenue-and-profit-margin-forecasts-after-rapid-return-to-form-964413.html
Accesso Technology Expects 2021 Revenue to Double
https://www.marketwatch.com/story/accesso-technology-expects-2021-revenue-to-double-271635320030
Great update, the stock that keeps on giving!
I estimate earnings this year will be around 50p per share , implying a sp of around £10 for this growth stock. Hope i am correct! We shall see.
2021 revenues are now expected to be $124m (up from the previously forecast $117m). That's above pre-pandemic levels....
And "profitability continues to improve as the growth in its higher-margin products outpaces those products with lower margins".
It looks like 2022 will be an absolutely bumper year, whilst 2021 is looking better and better for ACSO with "high demand in its end markets, coupled with the increasing use of its revenue-generating technology across its customer base" and higher margin sales doing the outpacing:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Trading-Update/86377572
A rather good read this morning......"a lot more upside to come":
Https://citywire.co.uk/funds-insider/news/expert-view-standard-chartered-ig-group-sse-accesso-and-sabre/a1569382?ref=citywire-money-latest-news-list#i=5
"JOHCM’s Costar praises ‘must-have’ Accesso
There is a lot more upside to come at ticketing and queueing technology group Accesso (ACSO), says JOHCM manager Mark Costar.
In his monthly fund update, the Citywire AA-rated manager of the £500m JOHCM UK Growth fund said Accesso had delivered three ‘positive profit warnings’ so far this year and that he sees ‘considerably further upside in this unique asset’.
Costart said the company was benefitting from post-Covid-19 shifts and praised its ‘proactive investment programme and accompanying fundraise last year’.
‘Simply put, the company’s solutions have gone from a nice-to-have to must-have,’ he said.
‘Theme parks and other high-volume destinations need to offer mobile ticketing, virtual queuing, and digital e-commerce to their customers to allow efficient capacity management in the new world, [and] fulfil local regulations and the increasing expectations of their customers.’
Costar added that the ‘growth trajectory here continues to be materially underestimated and it remains a conviction position within the portfolio’."
The FT has a BUY recommendation for accesso Technology noting that July 2021 revenue figures for passport and virtual queuing are 51 per cent up against July 2019.
https://t.co/GTHXpW5GWE
"...Group revenue of $50.7m was an increase of 106 per cent, shooting back to pre-pandemic levels. The accesso Passport division, which facilitates virtual sales, was a standout performer by posting a 40 per cent or $6.3m revenue increase on the same period in 2019.
Chief executive Steve Brown said that a combination of high labour costs for business and continuing capacity and social distancing measures helped drive revenue. Accesso’s software allows clients to reduce labour costs (as tasks can be completed virtually) and its operating model is now well placed to serve its clients in an uncertain pandemic environment. He also noted that attendance at client sites, such as amusement parks, is sitting at around 85 - 90 per cent of 2019 levels which indicates further revenue and growth potential..."
"...Broker Numis has an updated Ebitda forecast of $18.6m for 2022. Move to buy. "
https://www.investorschronicle.co.uk/news/2021/09/14/accesso-enjoys-e-commerce-rebound/
certainly heading the right way. I don't think (famous last words) we will see any more global shut downs, maybe some pull backs in the winter, but nothing like the country/continent wide shutdowns of last year.
All we need now is that airport pilot to be called a success and after all the pics of airport queues there's definitely a gap there, to add another stream of income from a new industry sector.
A very strong set of H1 results today, remembering that this is the much seasonally weaker half so H2 will look even better.
ACSO reiterate that:
"we expect Cash EBITDA to be significantly ahead of market expectations for both the half and the full year"
The Balance Sheet is strong with $33m net cash. Virtual queueing is the future for all sectors across the globe given the pandemic - you just have to rad the narrative to see that this is the case. Prospects look very good here.
Good spot. We can expect positive news on that in tomorrow's H1 results update. Repeating my previous updates...
"Logan Airport officials declined to comment on how the pilot program is going, but Accesso Technology Group, Logan's virtual queuing technology partner, said that in a recent survey of users of the solution, 96% said that the virtual line helped make traveling less stressful."
https://www.travelweekly.com/Travel-News/Airline-News/Airports-test-virtual-queuing-security-checkpoints
According to the Airports Council International (ACI) World Airport Traffic Report, there are currently 17,678 commercial airports in the world, in other words those which receive airliners, cargo and business aircraft.
Trial ended on the 31 august at SeaTac and Boston, SeaTac website still shows it’s available. RNS coming?
Ken, my theory is they want the sp up urgently so that a predator does not pick them up with a cheap bid. The results should give a further lift imv.
Any theories on why a Trading update was released just a week before H1 results? That's pretty unusual.
Maybe just to emphasise that good news separately and to focus on other things next week?
Hopefully this won't get stolen on the cheap by a US firm.
That's currently the main threat to getting big gains from this company as seems most countries won't be locking down again no matter how bad covid gets. Even if say there is a big spike and UK locks down over winter we have global customers so whilst the price may drop on general sentiment I doubt the company will suffer