The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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
A long-term contract win with a new client for eCommerce, on-site ticketing and mobile food & beverage technologies.....
Https://www.prnewswire.com/news-releases/accesso-kicks-off-multifaceted-partnership-with-pyek-group-powering-four-north-american-waterparks-301506187.html
"accesso® Kicks Off Multifaceted Partnership with Pyek Group, Powering Four North American Waterparks
Mar 21, 2022, 08:00 ET
International Solutions Provider Delivers Portfolio-Wide Support with eCommerce, Ticketing and Mobile F&B Solutions
ORLANDO, Fla., March 21, 2022 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Houston-based Pyek Group to serve as the dedicated provider of eCommerce, on-site ticketing and mobile food & beverage (F&B) technologies for the management group's four North American waterparks: Typhoon Texas Austin in Pflugerville; Typhoon Texas Houston in Katy; Cowabunga Canyon (formerly Wet 'n' Wild Las Vegas) in Spring Valley, Nevada; and, Cowabunga Bay Las Vegas in Henderson, Nevada. Through this partnership, accesso solutions are actively supporting 160 salespoints across the four Pyek Group properties.
Consistently ranked among the United States' most-attended waterparks, Typhoon Texas Austin and Typhoon Texas Houston boast awards from the World Waterpark Association for excellence in safety and operations.....
Pyek Group has also implemented accesso solutions at two Nevada waterparks – Cowabunga Canyon and Cowabunga Bay Las Vegas – which the management group owns and manages through a merger completed in November 2021.....
Together, Pyek Group and accesso are streamlining and enhancing the guest experience at all four waterpark venues with the introduction of three distinct solutions:
With support of the fully hosted accesso Passport® eCommerce ticketing suite, Pyek Group is empowered to deliver an easy-to-use eCommerce experience for guests of its North America waterparks, conveniently available via desktop, tablet or mobile device. Pre-trip planning is a seamless experience for guests, with Pyek Group's ability to deliver personalized up-sell, cross-sell and quick-sell opportunities across its online storefront – from beverage packages to parking passes, cabana rentals and more.
To support on-site transactions, Pyek Group is leveraging the accesso SiriuswareSM point-of-sale ticketing solution, which provides operators with a complete view of their guests' purchasing behavior all on one platform.
With accesso's guest experience management platform, Pyek Group has enabled mobile F&B functionality across its waterpark properties, providing guests access to mobile ordering and restaurant arrival time booking functionality. The solution gives guests the power to curate the dining experience they desire, with easy access to dining information and menu specifics that they can explore at their own pace....
"Elsewhere, analysts at Shore Capital – which also rate Accesso as ‘buy’ - said they’ve been pleased with the quick recovery and the upgrades.
“We continue to believe that Accesso has a compelling proposition in line with industry digital / consumer trends and is well placed for future sustainable growth.”
Accesso, in this morning’s statement, pointed to a positive start to 2022.
Investors were told trading volumes for January and February had been "encouraging".
For example, accessoPassport ticket business for North America was double that of 2019 as a result of the new customers brought on board over the past two years.
“Whilst we remain cognisant of the relatively early stage in the year, the impact of tiered pricing at higher volumes and revised terms related to enterprise renewals, we are cautiously optimistic about another year of good progress,” the company highlighted."
Peel Hunt have a 1300p target price in new research out today (to which the upside is some 60%, not the 37% quoted!):
Https://www.proactiveinvestors.co.uk/companies/news/977473/accesso-investors-thrilled-as-outstanding-performance-impresses-city-analysts-977473.html
"Accesso investors thrilled as ‘outstanding’ performance impresses City analysts
Accesso is highly undervalued, according to stockbroker Peel Hunt, which calls it a huge Covid-19 exit play.
Having white-knuckled through Covid lockdowns investors in Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) are again seeing the AIM-quoted stock as something of a thrill-ride, as parks reopened though 2021.
Accesso was boosted on Tuesday by upbeat set of financial results which, in the words of chief executive Steve Brown, saw a "simply outstanding" performance for the theme park ticketing and virtual queuing services firm.
The shares advanced around 7%, trading at 822p, after the company revealed 123% revenue growth to US$124.80 in 2021, driving a 346% increase in earnings (EBITDA) to US$28.1mln.
“We delivered record revenue and record profit during another challenging year in our end markets as they continued to recover at varying levels through the year,” said CEO Brown.
Key to the performance has been the appetite of theme park operators to make efficiency gains, reduce labour costs and optimise digital revenue streams – all in the wake of the reopening of parks following the Covid-impacted 2020.
“In the near term, we'll invest squarely behind this increased level of demand to secure the long-term, repeatable revenue during the crucial adoption phase,” Brown added.
“We will also see a welcome return to more normal operations and full staffing levels which will support the growing demand for our solutions and allow for continued innovation."
Analysts at Peel Hunt, meanwhile, reckon Accesso will now deliver another cash generative year, despite expected higher costs in 2022.
“We expect to upgrade revenue for 2022 by 3%, driven mainly by the faster than expected recovery in lower-margin distribution seen in 2021,” Peel Hunt analyst James Lockyer said in a note.
The analyst also expects to upgrade his expectations for cash earnings by some 17% for 2022 and 22% for next year.
“Given this strong outperformance and upgrade we reiterate our ‘buy’ recommendation and 1,300p price target. Today’s share price implies Accesso is trading on a 2x FY2023 EV/Sales and 15x FY2023 EV/cash earnings on our new numbers.
“This shows Accesso as highly undervalued given its operational leverage, a play on the offline to online shift, and a huge Covid-19 exit play.”
With a 1,300p price target, Peel Hunt sees some 37% upside to the current share price."
Am expecting a further rise here given the growth that is forthcoming as the summer progresses and the large cash pile that underpins the balance sheet.
Wow. Fantastic results today - this in a year heavily impacted by Covid!
Covid and the increased need for ecommerce/mobile ticketing and social distancing have made this a perfect environment for ACSO's services, which are expanding to now include food and beverage for example.
Hugely cash-generative too. ACSO now have around a £50m cash pile - approaching 20% of the m/cap.
And a very bullish outlook as global economies open up - this year's figures could show even better progress:
"accesso has made a strong start to the 2022 financial year, with trading volumes in January and February providing an encouraging basis for this year's performance. In North America, our accesso Passport ticket volumes were double what we saw in the first two months 2019. This robust performance continues to be supported by the removal of COVID-19 restrictions across the world as well as the benefit from a significant number of customers onboarded during the past 2 years and increasing customer appetite for a leading-edge eCommerce solution."
I love this paragraph, which shows the fundamental shift in ACSO's operating environment:
"The significantly higher utilisation of our solutions by both venue operators and their visitors is a clear indication that the relationship with technology in our end markets has undergone a fundamental change. Bearing in mind, a significant portion of our revenue is transaction based and we are confident this new level of engagement with our technologies is here to stay. Many guests who before purchased tickets at the front entry or food at the restaurant counter are now mobile users. Guests that previously utilised our virtual queuing solution via a wearable device are now doing so via their smartphone. Operators have seen our technology transform the quality of their experience, deliver greatly enhanced revenues, and lower their operating costs. They are never going back."
https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Preliminary-Results/87615545
Cheeky little rise.
This is very long hold fire me (unless some Americas pick it off!) But still double figure percent rise is always nice
Very nice tle rise, don't really understand why - unless the falls earlier in the month were simply overdone. Topped up a little at £6.80.
A sudden surge - and on a very healthy 575,000 shares traded already today.
Nice one Rivaldo, can only be good for ACSO. Should be heading back to the 900's by Spring/Summer.
Flash news just out - Merlin are to take over CadburyWorld in Bourneville "under a 50-year agreement" (more details to follow):
Https://twitter.com/walshdominic/status/1488837050514255872
Could well be a long-term revenue opportunity for ACSO too once Merlin get their feet under the table.
Bought another £2.5k - expecting sp to rise at least 10%.
Today's year end update shows trading is nicely in line with the increased figures from the last update for revenues and profits, with $64m of cash in hand.
There's also a rather promising closing paragraph:
"The Group's 2021 revenue performance amid the pandemic is a clear reflection that demand for its technology is strong and its market opportunity is significant. Venue operators are increasingly focused on leveraging technology to meet their guests' mobile-first expectations while operating more efficiently. This has resulted in increased utilisation of accesso solutions within the Group's existing client base as well as robust levels of interest from new customers wishing to sign on."
As the economy opens and prospects brighten the sp falls- madness- bought another £3k.
News just out today of another ecommerce ticketing win across Parks! America's portfolio of safari parks....
Https://www.prnewswire.com/news-releases/parks-america-inc-selects-accesso-ticketing-solution-301464940.html
"Parks! America Inc. Selects accesso® Ticketing Solution
accesso Passport® Ticketing Suite to Boost Guest Experience at Parks! America Inc.'s Wild Animal Safari Parks
Jan 20, 2022, 08:24 ET
ORLANDO, Fla., Jan. 20, 2022 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Parks! America Inc. (OTC PINK: PRKA) to implement its award-winning accesso Passport ticketing solution across the organization's portfolio of Drive-Thru and Walkabout Adventure Zoo Animal Safari parks, supporting both online sales and on-site operations. Implementation is set to begin in February 2022 at Parks! America Inc.'s locations in Pine Mountain, Georgia; Strafford, Missouri; and, Bryan-College Station, Texas.
Using the accesso Passport eCommerce ticketing suite, guests to each Wild Animal Safari location will be able to select from among the parks' multiple admission, pass and group reservation options with ease, and enjoy an easy-to-navigate shopping experience on any device. The accesso Passport eCommerce suite is fully hosted, with secure payment processing available through CyberSource integration, reducing operational burdens while allowing for seamless delivery of intuitive up-sell and cross-sell opportunities to park guests.
Onsite, the accesso Passport ticketing suite provides a streamlined front gate point of sale, focused on driving improved sales results. Training is quick and easy, and the interface helps to reinforce sales training through automated prompts to encourage up-selling – all while enabling quick and simple transactions to keep lines moving quickly. In addition, the solution provides robust group sales features, season pass processing and access control options, as well as the ability to launch self-service kiosks or mobile points of sale.
etc"
Good new article on Proactive - the current sp (826p) could climb 57% to Peel Hunt's new target (1300p) & 24% to Shore Capital's (1030p) "with scope for further upgrades" (cheers W13Ken):
hTTps://www.proactiveinvestors.co.uk/companies/news/970898/accesso-technology-well-positioned-say-brokers-after-update-970898.html
No 10% today, not even a rise but the rise should be coming this year as things start to return to some sort of normality.
There was an updated revenue guidance issued in Jan last year that started a significant price rise so fingers crossed for the same again.
It is excellent news, but with no RNS I wonder how many potential investors have yet to hear of it.
ACSO is a great LTH.
Expecting 10% on sp today.
Excellent and extremely important news today - both Merlin and Six Flags have renewed their agreements with ACSO until 2026 and 2025 respectively. This secures huge long-term recurring revenues for the group going forward.
And these are both exclusive agreements for on-site as well as online ticketing/e-commerce:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-Continued-partnership/86985625
Tipped here for 2022:
Https://www.fool.co.uk/2022/01/07/this-tech-stock-could-be-in-for-an-exciting-2022/
Conclusion:
"Overall, I like Accesso as a tech stock. I believe its products and services are a vital component to the world we live in now and I don’t see things going back to the way they were in terms of queuing and point of sale. I think 2022 could be a great year for Accesso. At current levels, I would buy the shares for my portfolio."
Excellent news. Good to see such a wide range of new clients, all to be fully integrated by the end of this month. And all lovely recurring income too:
Https://www.marketscreener.com/quote/stock/ACCESSO-TECHNOLOGY-GROUP-4003555/news/accesso-Technology-Performing-Arts-Venues-Racetracks-and-Casino-Among-15-New-Clients-for-accesso-37481776/
"accesso Technology : Performing Arts Venues, Racetracks and Casino Among 15 New Clients for accesso®
01/06/2022 | 01:38pm GMT
accesso ShoWareSM Ticketing Suite to Enable High-Volume Processing, Reserved Seating, White-Label Service and More
ORLANDO, Fla. (Jan. 6, 2022) - accessoTechnology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, has added 15 North American operators to the roster of clients for its accesso ShoWare box office ticketing suite. The new partners include: Silverton Casino in Las Vegas; Biltmore Theatre in Oshawa, Ontario; UIS Performing Arts Center in Springfield, Illinois; three speedways in Burlington, Washington, Fairbury, Illinois, and Seekonk, Massachusetts; the Peninsula Ballet Theatre in San Mateo, California; and, Mississippi Gulf Coast Community College in Perkinston, Mississippi. All 15 destinations and attractions are set for full integration by the end of January 2022.
"Over the last year, it was wonderful to see so many destinations, venues and attractions around the world begin to welcome back their valued guests," said accesso CEO Steve Brown. "We are privileged to have the opportunity to help these new partners enhance their operations and offerings with a next-generation ticketing experience."
With more than 50 million tickets sold annually worldwide and half a billion processed transactions, the accesso ShoWare ticketing suite is a best-in-class solution designed to enhance, streamline and guide guests' online purchasing journeys. The accesso ShoWare ticketing suite offers high-volume capabilities, white-label branding and unparalleled customer service, all packaged in one, easy-to-use turnkey solution, empowering venue and destination operators to redefine the experience for guests - whether they purchase online or on-site - while driving revenue. With more than 600 installations in theaters, concert venues, sports arenas, casinos and attractions around the world, the cloud-based Software-as-a-Service (SaaS) solution offers operators flexible, full control over the end-to-end ticketing process, including secure and simple reserved ticketing tools, as well as functionality to support spaced seating, contact tracing, donation tools, live streaming, email marketing integration and more."
The last month has seen accesso sign 3-year deals in Canada, Japan and now Alabama. A strong finish to the year and more to come when venues open up in the Spring.
"Gulf Coast’s Largest Entertainment Destination Implements Round of Advanced Technology Solutions
ORLANDO, Fla. (Dec. 21, 2021) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement with Alabama-based OWA Parks & Resort to provide its accesso Passport® eCommerce ticketing suite and accesso SiriuswareSM point-of-sale ticketing system, empowering the operator to enhance its current ticketing operations and prepare for the opening of its new, state-of-the-art indoor water park in 2022.
The award-winning and fully hosted accesso Passport eCommerce ticketing suite equips operators to deliver an exceptional eCommerce experience for guests on any device. The solution is designed to minimize cart abandonment while maximizing conversions through revenue-driving up-sell and cross-sell prompts, allowing operators to effectively anticipate guests’ needs while boosting their own bottom line. The accesso Siriusware point-of-sale solution empowers operators to bring on-site ticketing together with membership, retail, food & beverage, rental support and more into a single system, delivering unified data to drive holistic business management while lowering cost of ownership..."
https://www.accesso.com/news/accesso-partners-with-owa-parks-resort-to-streamline-ticketing-and-enhance-guest-experience