The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
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.
Https://www.wftv.com/news/local/lake-mary-company-creates-app-theme-parks-utilize-virtual-queues-through-phones/JDMGSLLB7JDGHLANWR4SROLOC4/
"Lake Mary company creates app for theme parks to utilize virtual queues through phones
LAKE MARY, Fla. — A Central Florida company has created a high-tech way for theme parks to manage their lines and keep people apart once they reopen.
Accesso, based out of Lake Mary, has come up with a virtual queue system that will allow you to reserve your place in line through your phone, then step out of line.
“You simply go into your smart phone, go into the attraction you want to experience,” said Steve Brown with Accesso. “You click the box. At that point you’re entered into the virtual queue and the smartphone counts down until it’s your time to ride.”
The app, however, will not let you book all your rides for the day and then just let you roam the park waiting for your phone to vibrate.
But the app can still eliminate some waiting as parks and rides are expected to operate with less capacity.
The technology is being used in two parks right now -- one in the Netherlands that reopened Monday and another in Indiana that will reopen June 14. Both parks reopened yesterday with 100% virtual queues."
Additional shares for Open Offer ... share price action looks good and company seem keen to get more investment
'
Holders electing to take up their full entitlement also have the option to apply for additional shares be submitted by 4 June 2020 otherwise the default election option will be applied…. monies will be debited after the 4 June 2020 and new shares are due to be allotted on or around the 10 June 2020.
'
Source my brokers notes.
FWIW ______Open Offer detail published so far: ______1 for 13 @ 2.90 possible ???
'
Record Date for entitlements under the Open Offer____20 May 2020
Publication of Notice of the Open Offer _____________26 May 2020
Recommended latest time and date 4.30 p.m._________3 June 2020
Latest time for depositing Open Offer 3.00 p.m.________4 June 2020
290p Not a bad price, but who would pay more in this climate.
How did this ever get to a SP of £30. disgusting manipulation by the market. Reminds me of NMC
But at what price. looking at the details i cant see it being beneficial to ex holders.
Do we know if the virtual queue that ASDA is trialing at its store is Accesso ?
Short position has closed, positive sign.
Thanks. Got a bit spiked at £10 last year so been averaging down. Do you have a stake in BGO ?
What was going here on last Monday (11th may)
700k+ shares looked like they were bought from the trading history (many market as sells), trading volume 20 time’s today’s volume. One poster has noted some massive buys below...
Any ideas?
Great Minds think alike. Looks like we have similar tastes in shares. Let's hope they both do well.
Good Luck.
I agree SD. Perhaps I should sell some ARB and add more haha
With businesses planning on opening post lockdown and no solution to covid apart from ongoing social distancing this company could make a fortune here.
Forget theme parks for a moment, it’s removing queues in any business that should be targeted. I’d Start with supermarkets. With no vaccine roll out till probably 2021/2022 social distancing is here to stay.
I hope the BoD are all over this and can provide a mobile phone app based solution to what is required. If it’s wrapped up in its current IP then this could be quiet an opportunity for this company. This could be the next novacyt with regards to growth opportunity and you can see what covid has done to that business!
GLA
SD
'
https://www.prnewswire.com/news-releases/walibi-holland-announces-virtual-queuing-partnership-with-accesso-to-facilitate-social-distancing-301056747.html
extract
'Last year accesso's patented virtual queuing technology empowered over 38 million guests to step out of lines at theme parks around the world. In light of the need for social distancing, accesso will now extend its range of use-cases to specific deployments around social distancing.
More Press
https://www.prnewswire.com/news-releases/holiday-world--splashin-safari-expands-partnership-with-accesso-to-implement-virtual-queuing-301057641.html
‘Holiday World & Splashin' Safari® Expands Partnership with accesso® to Implement Virtual Queuing
extract
accesso's virtual queuing technology dynamically adjusts to unpredictable variables such as guest flow and operational changes, allowing venues to employ real-time capacity optimization and real-time communication with guests via their own mobile device.
'
Using accesso's virtual queuing system is quick and easy. After selecting a ride or attraction on their mobile device, guests will be placed in a virtual queue and a countdown will begin. When it's their turn to ride, guests will be notified to proceed to the attraction. Park attendants will conduct a contactless scan of the QR code on the guest's smartphone to redeem the ride reservation.
100,000 shares bought at 350p. And another 75,000 shares just bought at 350p.
Someone's keen - that's £612,500 spent on ACSO shares in the last 15 minutes.
Book your slot before you leave home, then when arrive sit in the car (or window shop) rather than stand in the rain. Great for UK!
Could also separate the hardware/clothing/books etc sections where social distancing is much easier: you can browse there and buy undies while waiting for your slot to come up.
Supermarkets??
Imagine if ACSO were to be the go-to company , or one of them, in combating COVID-19 which brings about virtual queueing in not only theme parks and cruise ships - which it has already achieved to show off as examples - but airports, football stadiums as quoted in the article, and then restaurants, office block entrances etc etc....and ACSO already have the patents for all this.
In tomorrow's Mail on Sunday - certainly looking interesting, with a new contract signed too:
Https://www.thisismoney.co.uk/money/markets/article-8303861/Theme-parks-axe-queues-meet-Covid-19-safety-standards.html
"Theme parks could axe queues amid plans to let customers book timeslots to meet Covid-19 safety standards
Tech firm Accesso is developing a system to allow visitors to book 'digital tickets'
Physical lining up is to be replaced by virtual queues
Accesso's clients include Thorpe Park and Merlin Entertainments
By Harriet Dennys For Financial Mail On Sunday
Published: 22:31, 9 May 2020
Thrill seekers may never have to queue for white- knuckle rides again as theme parks draw up plans for a safe reopening.
Technology firm Accesso – whose clients include Thorpe Park and Alton Towers owner Merlin Entertainments – is working on the roll-out of a system that will let customers book timeslots on rides via their mobile phones.
Visitors to theme parks face the prospect of longer waits due to the need to space people out on rides and to allow time for extra cleaning.
The technology will allow visitors to book 'digital tickets' and to keep their places in virtual queues.
The abolition of physical lining up will help it to meet Covid-19 safety standards.
Merlin, which also owns Madame Tussauds, already uses Accesso's Q-smart system as a premium option at five of its 130 global attractions including Legoland in Windsor.
Now Accesso chief executive Steve Brown is working on a blueprint to make virtual queuing the only way for visitors to access rides.
Last week, he signed a deal with the Walibi Holland theme park in the Netherlands, owned by French ski resort operator Compagnie des Alpes, to introduce virtual queuing.
Brown said the technology could also help cruise ships, football stadiums and airport security to operate safely.
'Any attraction that draws large crowds will need to open in a socially distant way,' he added. 'We are the technology version of the hand sanitiser.'"
Topped up in March at 189.
This has been a stinker as we all know. Now of course it's suffering because cruise ships etc will be largely extinct for a while. That is obvious and must be priced in.
What I'm hoping is not priced in is that as entertainment venues reopen it will be a huge bonus if they can say that they have a system to avoid waiting in queues [while you pay extra for a hamburger and fries]. Can see exactly why ITV have brought them on board.
They also had a contract with a North American hospital at one stage. Quite apart from revenue that may now sound like a great idea for hospitals now....