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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....
Would love to know too! Assume the drop is due to the pending further 3 week lockdown? And maybe the state of play in America?
Have i missed an RNS ?
It looks like Liontrust are buying every share they can get their hands on.
They've bought another 500,000 shares in a day, and now have 3.78m shares, or 13.67%:
Https://www.investegate.co.uk/accesso-technology/rns/holding-s--in-company/202003271334149112H/
Rivaldo
Pleasure to see you back on this board, but I distinctly recall you being mega bullish on this crock of crap in Sep/Oct when the price was around £9.
Now it is less than £2 you are at it again, but this company makes no profit, pays no divi and relies on crowds, which these days are illegal !
What am I missing ?
Or is it Accesso are cheap today, cheaper than yesterday ?
18 months ago they were £30 weren't they?
Great to see Liontrust more than doubling their stake to 11.86%:
https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/202003261342387475H/
And BlackRock increasing to more than 6%:
https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/202003251543436076H/
Incidentally, this contract win news from last week hasn't been reported here:
Https://interpark.co.uk/accesso-teams-up-with-itv-to-offer-accesso-passport-ticketing-suite/
"accesso teams up with ITV to offer accesso Passport ticketing suite
Accesso, an award-winning provider of technology for attraction operators, has formed a strategic agreement with ITV Broadcast, to implement a ticketing suite known as accesso Passport.
The suite provides a number of interactive experiences to connect ITV’s experiences and tours with prospective customers around the world.
The accesso Passport ticketing suite will be available across ITV’s Coronation Street The Tour and the Daytime Studios Tour, as well as a new attraction opening in Manchester.
The innovative ticketing suite will enable ITV to manage transactions seamlessly and simultaneously build customer loyalty via a wealth of intuitive membership tools.
Designed to drive revenue, the ticketing suite provides easy up-sell, cross-sell and quick-sell prompts while helping guests seamlessly plan their visits to ITV tours and attractions.
James Penfold, ITV controller of partnerships, commented on the new partnership with accesso: “In accesso, we’ve found an essential platform for our ticketing and distribution operations, which are crucial to both our company’s success and the full satisfaction of our valued guests.
“With their worldwide client base and team’s dedication to client services, we are incredibly excited for all the benefits this partnership promises,” Penfold added.
etc"
"Without question, 2019 was a challenging year for accesso with overall results falling short of our expectations. Challenges were faced in realising the full potential of the Group's product set and overheads increased disproportionately to revenue growth.
The MC was at insane levels 2018 , where to now i wonder for a non profit nil divi paying tech company who operate in the leisure industry. BOD need to get a grip IMO.
I said i would be back when the MC was around £50 million , not long to wait.
The perfect storm for ACSO. Cash was tight before COVID19.
" The increase in capital expenditure in the period has not been matched by a corresponding increase in cash generated from operations and therefore underlying free cash flow reduced to $2.4m in the current year (2017: $7.7m). "
All that revenue and no profit
" Cash generated from operations of $17.8m (2017: $33.1m) includes a $6.4m outflow in relation to these TE2 and Ingresso balances (2017: $13.1m inflow). Adjusted cash generated from operations was $26m for the year ended 31 December 2018, per the table above, an increase of 22.6% from 2017 ($21.2m)."
I looked hard at topping this up when it was well down in the 300's, but I had topped up twice before, and am still holding all of them. Glad to see it rise, but then it got caught in the Covid-19 wind, along with everything else. My concern now is that the cruise liner side of the business will take a hit, along with all amusement parks and others. The drop so far at over 25% is heavy, but not as exaggerated as I would have expected given ACSO's history and business. I also wonder if the parks and cruise liner businesses will take a longer time than most to recover: we're all doubly protective of our children, and the liners have proved to be a scary proposition recently. Older people especially will now think twice and thrice before committing to a cruise. Bognor & Skeggy, here we come!
I'm not selling as I don't like to trade (or have the confidence), and the uses of this tech may spread further. I would love to hear an update on how it has worked out in the hospital that tried it. But writing this has persuaded me not to jump in quickly. ATB, all.
Very nice, very glad I dipped a toe in here, wish I'd made n even bigger commitment, but not complaining
c20% up in the last week, very nice
From Paul Hill of PMH Capital FYI:
Https://twitter.com/CapitalPmh/status/1227221870052806656
"I'm still 'long & strong' wrt all 3 of my conviction plays that were discussed on the webiare - #ACSO, #NBI & #TXT.
Indeed here are my latest estimates for @accessoTech with a valuation of >600p/share, but could quite easily see hit £10 in 2-3 years."
And:
"#ACSO. Investors of all shapes & sizes, understandably hate missing out when shares move higher. However in the case of @accessoTech, even after today’s >10% move, the stock at 490p still has plenty of gas left. Trading on 1.6x EV/sales vs 3.2x for AIM software companies."
Nurse
A very good point, most likely spot on !
Why issue the RNS?
Preemptive? I suspect Accesso must be hurting in Australia and China.
A slightly odd RNSNON, but good to see anyway. The main takeaways are the loyalty of the extensive customer base and the positive "forward momentum" going into 2020:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/positive-momentum-with-renewals-and-new-contracts/202002130700198374C/
Extracts:
"Positive momentum with renewals and new contracts
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, saw positive momentum in 2019 with several noteworthy customer renewals and 43 new or expanded ticketing contracts....
....Steve Brown, CEO of accesso, commented:
"Our range of products continue to deliver powerful business results for our clients around the globe, paired with highly personalized service and support from our exceptional staff. These contract wins and renewals reaffirm the strength of our product offerings, underscore the confidence our customers have in our solutions, and start us off with forward momentum in 2020."
PS : the poster "barchid" appears to have taken "agin" me :o)) These are discussion boards, some you win and some you lose. I originally invested in ACSO around 50p or so (and have been posting about ACSO since I did so), rode it all the way to 3000p, sold a few, and rode the rest all the way down again to the now 440p. So does that count as a win or a lose? I know where I stand! Oh well, peace and love and all that.
Taverham
This is just what I want to see, momentum building. Perfect activity for a tech company - good on them - keep it coming!
Good positive rns this morning , but why issue it?
Rivaldo
Just to remind you, it was only 5 months ago, 2nd September ,with the stock in single figures you were suggesting it would be taken over at between £17.50 & £20.
Yet apparently shamelessly you carry on the "pump n dump".
Can you recall drawing our attention to "Merlin announced a new Legoland to be built in Sichuan in 2023" on 27 September as a "strong buy" with stock then at sub £9 ?
Do you have no shame ?
Please can you spare us mere mortals from your market making expertise in future ?
Rivaldo
I do admire the way you pump stocks by issuing links to various interested parties, presumably you are a market maker ?
You did a great job on Keywords last week and again today on CNIC, VLE, WJG, MWE, SCE etc etc !
Do you actually generate much business this way, I'd be fascinated to know?
After all ACSO were going up to £20 a while ago weren't they ?
Got to take my hat off to you !