If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
4 July 2011 ACCESS INTELLIGENCE PLC Sale of Solcara Ltd for £2,500,000 Access Intelligence plc ("Access" or "the Group") is pleased to announce that it has sold its wholly owned subsidiary Solcara Ltd ("Solcara") to Thomson Reuters (Professional) UK Limited for a sum of £2,500,000. The proceeds are payable in cash at completion other than a sum of £250,000 which will be held in escrow as a retention against warranties and indemnities for 12 months. The proceeds of the disposal will be applied to general working capital. Solcara, which sells federated search technology to the legal profession and in-house legal teams, was purchased in November 2008 at a cost of £750,000. At that time Solcara was also selling products into the stakeholder communication space (Spotlight) and crisis management space (ControlPoint). Soon after acquisition the Access board decided that we should create a specialist search business concentrating on the legal market. To that end the IP and customer base of the two non-legal market products 'Spotlight' and 'ControlPoint' were transferred out to other Access group companies so creating a 'legal market specialist'. Since December 2009 the reshaped Solcara has been growing strongly, building its customer base amongst law firms and in-house legal departments whilst investing in its software. Solcara is a stand alone company and its disposal has no impact on any other element of the Group. In the year to 30th November 2010 Solcara had sales of £749,644 and operating profits of £19,341. The net assets of the company at 31st May 2011 were £149,986 Trading Update In the 6 months ended 30th May 2011 most of the Group has been trading in line with expectations. Due North Ltd. and AIMediaCommunications Ltd. in particular have had a successful first six months and are continuing to add new public sector clients and broaden their private sector client base. The public sector is undoubtedly cutting budgets but we have seen very few contract cancellations. Notwithstanding the above the adjusted Ebitda for the 6 months ended 31st May 2011 will be no less than £430,000 (2010: £704,000) before deduction of £202,000 of one-off re-organisation costs on Cobent Ltd. which is still to return to profit. Significant progress has been made in reshaping the Cobent business including the appointment of Heath Williams as Chief Executive Officer in May 2011. Since February 2009, Heath had been the Vice President of International Sales for US headquartered Plateau Inc. where, amongst other things, he successfully managed the transfer of a significant number of clients from on premise to SaaS based solutions. During the first six months the Group has completed the restructuring of its capital base creating positive revenue reserves in the parent company allowing it to pay dividends in the future. The group cash balance at 30th May 2011 was
Access Intelligence* - Strong Growth Held Back by Cobent, which is being corrected; Target Price reduced from 8.7p to 7.4p - Buy A report by Growth Equities & Company Research Access Intelligence, a leading supplier of compliance solutions via Software-as-a-Service (‘SaaS’) has, this morning, released results for the twelve months ended 30th November 2010 that were in line last December’s guidance, which flagged difficulties with last March’s acquisition, Cobent. Nevertheless, the business strategy remains fundamentally sound although the group is running about a year behind our earlier expectations. Consequently, we are reducing our forecasts and target price from 8.7p to 7.4p but with the shares trading at 4.5p our recommendation remains buy.
Finals (Yearly report) due 2morrow. Expect good rise 2day!
Anybody know of a reason for the sudden increase in SP?
Access Intelligence (ACC, 4.25p, £10.83m) The provider of Software-as-a-Service (SaaS) solutions for areas in compliance, procurement, media relations and PR, reports interims to 31 May 2010 are line with FY estimates. Following the acquisitions of Ether-Ray (July 2009) and Cobent (March 2010), revenues have increased by 63% to £4.1m (H109: £2.5m), adjusted pre-tax profit by 2.5x to £0.59m (H109: £0.17m) and EPS by 83% to 0.22p (H109: 0.12p). Net cash of £2.4m provides the group with sufficient cash to make further small and earnings enhancing acquisitions. The group’s strategy is to focus on the SaaS business model enhancing recurring revenues, which now represents 57% of group revenue. The outlook statement is cautiously optimistic. Access Intelligence will focus on the cost saving opportunities offered by their software and the low-cost entry that hosted solutions provide will both contribute to future growth and will, to some extent, shield the Group from spending cuts. Access Intelligence has strong cash generation and high revenue visibility combined with exposure to a relatively defensive market. The strong management team will continue to grow the business organically and via earnings enhancing acquisitions. We regard 11.5x 2010 PER falling to 9.7x in 2011 an attractive investment opportunity. We reiterate our BUY with a 12 month target price of 8.25p.
http://www.investegate.co.uk/Article.aspx?id=201007190700085128P
Essentially, it is a new company launch in many respects and historically, the first few days of such are quite bullish. Remembering the company has continued operations, there's going to be a load of info released quickly.
My systems will be off-line for the rest of today so the website will not be updated with RSI's tonight nor will I be posting a doubtless wrong outlook. Things will be back to normal tomorrow, hopefully.
to the New year too. Any new news anyone knows of?
since Mr Jackson took the helm. This share is up 121% for me over the year. It seems to have turned the corner and let's look to a good 2010
yep, the general idea is that this has now turned from a short term easy buck to a great long termer. The dip to the 80's has made alot of people twitchty but its aim for gods sake. get used to it. I've seen some figure about potential earnings that made me fall of my chair. Only this time these figure were made by reliable posters! Oh yes, you do talk to yourself. Right now your in a padded cell with a straight jacket on. The doctor is just round the corner with the medication.
Volumes up on short term average by 168%, RSI position nicely primed. I think you're about to see it spike upwards and the movement today was a prep. However, no buy indicators visible on the charts.
Will be held on 6th March along with the publication of preliminary results year ended 30th September. News has put a spurt into the recent bombed out sp.
Mr David Alderson, an employee of ACC and Managing Director of MS"M Ltd, has advised the Board of ACC that, after purchasing 250K ordinaries @ a price of 4.25p/share, his holdings amount to 6.64% of the issued share capital ("isc"), accounting for 7.3Mns of the .5p ordinaries. Appears that stakebuilding ahead of a reverse takeover ("rto").
ACC. Due North a wholly owned subsidiary of ACC has won a 5 year contract to supply NW Centre of Excellence.... (comprising 47 Councils) e-sourcing and e-tendering suite of software. Giving a clear advantage in the marketplace.ACC itself and via its subsidiaries has its systems in 75% of Police forces and 100% of English regional Fire authorities. The Co's strategy is to to build recurring revenues delivered through extendable contracts between 1 and 5 years, providing future revenue growth, effective customer retention, and outstanding gross margins. A green shoot for those who like to take a longer view.
ACC. This one is for the diaries of the "personal representation brigade" an Analysts meeting will take place Thursday 15th March 12.15-12.30pm at Corporate Synergy along with an announcement of the Preliminaries for the year ended 30th November 2006, when the strategy and future prospects will be presented. store this before the multi afternoon plagerist clickers arrive.
ACC. On the face of it an excellent set of interims. Now has £1/2Mns in cash kitty, turnover and profits steaming ahead
ACC.CONTINUED Valuation and 1 Year Target: It is our belief that 2006 and 2007 will see a sharp uplift in sales as Access benefits from the acquisitions of 2005 and delivers some, modest, organic growth. We have not included assumptions about further acquisitions in our forecasts but expect them to happen and to enhance earnings (the Due North deal was 47% earnings enhancing). We believe that a business, demonstrating strong and consistent growth in the IT sector and which is cash generative merits a valuation of at least 12 times prospective earnings, plus net cash. We assume that during 2006 Access will generate cash an will end the year with net cash of c850,000 pounds of cash - worth 1.3p per share. On that basis our December 2006 target price is 14.5p.
ACC. Management: Access was reversed into a cash shell and that explains the presence of serial corporate operator Jeremy Hamer on its board as chairman. However the key figure is CEO Brendan Austin - a capable and safe pair of hands. We have met with Austin on a number of occasions are reassured that he has a keen grasp on his business and has the vision to grow it via acquisition as well as organically but will not overpay for that growth. Bull Points *A strong and cautious management team, motivated to succeed by owning a 15% stake in the business. Finance director Colin Davies bought 200,000 additional shares after the final results.. * The company has net cash and is both profitable and cash generative. * The company will grow its top line this year both as a result of organic growth and thanks to having a full contribution from the acquisitions of 2005 * The subscription based model means that a large portion of revenues are recurring * Customers are in local government are recession resilient. * With the corporate fixed overhead now covered, Access is operationally geared. Bear Points * The company is overly dependent on one senior manager Brendan Austin.. * The company operates from a number of sites which is not necessarily the most efficient way to cross market. * Small business customers are not recession resilient. Valuation and 1 Year Target: It is our belief that 2006 and 2007 will see a sharp uplift in sales as Access ben
ACC. Buy Access Intelligence Argues Newly launched UKMicrocap.com The Investment Case: Access Intelligence has established a business which is profitable, cash generative and - having covered its central fixed costs - operationally geared. Two acquisitions have been made since the company floated on AIM and we believe that more are in the pipeline. If the cash on the balance sheet is deducted from the market capitalisation the company trades on a 2006 price earnings ratio of 7.6, falling to just 5.4 (despite an increased tax charge). The shares are far too lowly rated and are a buy. Company Description: Based in York, Access Intelligence is building a portfolio of assets which provide businesses and local authorities with IT related services which are predominantly subscription based. The company listed on AIM in November 2003 and a year later raised 3 million pounds at 10p per share when its three operations provided marketing advice (The Marketing Guild), provided e-mail management for those seeking access to public sector press releases (Wired-Gov) and a disaster recovery service for small corporates (Backup and Running). Those old core businesses are profitable but not heavily so and were not - on their own- able to cover the group overhead. Hence in June 2005 Access purchased Ridgeway, a provider of specialist IT services for the backup and storage of data for 700,000 pounds. And in July it paid 1.5 million pounds to buy Due North which is a developer of e-commerc
ACC. Have received notice that the buys of Ridgway and Due North will seriously assist this Co's wealth.
ACC. After buying Ridgway and Due north for just under £5Mns, Due North has completed the signing up for the supply of its E-commerce package. Dividends are a possibility from this expanding Co.
ACC. Now that this Co is into ebitda profits and the finance directors ups stake by 200K ISC. Now would be a perfect time to get on board for a prifitable run this year.
ACC. Can anyone else confirm the dates below? Is there any difference between a prelim announcement and a prelim statement? Next prelim announcement 08 - Mar - 2006 Next AGM 14 - Jun - 2006 Next interim announcement 06 - Jul - 2006
ACC. Maybe I'm confused, the 8th March is the date which ACC have given when they will be announcing their preliminary results. I don't know why the 24th was shown on NatWest, maybe the company had to announce dates then decided to change the date? No idea!!