Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Can anyone explain what are the the consequences of the recent RNS and does it involve any share dilution?
ACSO have partnered with Boston Logan International Airport to pilot virtual queueing - their first entry into the airline industry....
Https://www.prnewswire.com/news-releases/boston-logan-international-airport-pilots-virtual-security-line-powered-by-accesso-301305105.html
Extracts:
"Boston Logan International Airport Pilots Virtual Security Line Powered by accesso®
U.S. Airport Harnesses the Power of Virtual Queuing to Enhance Passenger Safety Amid COVID-19
ORLANDO, Fla., June 3, 2021 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has partnered with Boston Logan International Airport to pilot a Virtual Security Line. This partnership marks accesso's first foray into service of the airline industry and positions Boston Logan International Airport as a pioneer in adoption of technology that is proving vital to enhancing customer safety, trust and loyalty while adhering to pandemic-related protocols.
A trial implementation of the Virtual Security Line – powered by accesso's intuitive Qsmart(SM) virtual queuing platform – was launched in April 2021 and is running, initially, for an eight-week span, supporting the airport and its passengers, as well as the team members that manage on-site operations, as market forecasting points to an increase in air travel due to pent-up demand and continued progress is made on administration of COVID-19 vaccinations.
Passengers at Boston Logan International Airport currently have the safety-driven convenience of navigating the airport's security line with the use of virtual queuing – a technology formerly exclusive to the leisure and entertainment industry, but one that has quickly been adopted by a variety of industries. Today, operators of nearly all backgrounds are seeking out new, innovative ways to effectively maintain physical distancing measures while laying the foundation for a positive consumer experience....
....Passengers preparing to enter the Virtual Security Line at Boston Logan International Airport can do so seamlessly with the Qsmart platform directly from their mobile device (no mobile app download required) – removing yet another potential point of physical contact – to "check in" to the line. A countdown will allow passengers to see their remaining wait time and they will be notified in the browser session when it's their turn to enter the line; at the line's entrance, airport staff conduct a contactless scan of the QR code on the passenger's mobile device to redeem their place in line.
Without the need to configure additional hardware, Qsmart boasts a rapid implementation time, making the process easy for airport staff, as well. Additionally, Qsmart allows staff to reduce traffic inconsistencies and, instead, forecast and achieve a steady, manageable flow of arriving passengers. The elasticity of this process is more important than ever in the continued age of physical distanci
Https://accesso.com/news/accesso-wins-partnership-with-snoqualmie-casino
"accesso® Wins Partnership with Snoqualmie Casino
Posted In Press Releases on May 18, 2021
Seattle’s Closest Casino Utilizes accesso ShoWareSM Ticketing Suite to Drive Ticket Sales and Improve the eCommerce Experience
ORLANDO, Fla. (May 18, 2021) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider for attractions and venues worldwide, has signed a three-year agreement to provide its accesso ShoWare box office ticketing suite to Snoqualmie Casino. With the Casino’s two performance venues hosting top-tier talent all year long, the solution will provide guests an intuitive online box office experience, allowing them to purchase tickets in a few easy steps.
The accesso ShoWare ticketing suite enables venue managers to integrate and manage the ticketing process on a single platform while providing fans a seamless purchasing experience, whether they buy tickets online or on-site. The Software-as-a-Service (SaaS) solution offers operators ultimate flexibility and control over ticket sales in assigned seating venues, allowing them to streamline the ticketing process while maximizing revenue.
“Accesso has given us a way to offer gaming patrons, fans and entertainment enthusiasts a simple, easy-to-navigate online box office experience,” said Troy Wyatt, entertainment operation manager of Snoqualmie Casino and Snoqualmie Tribal member. “With a truly mobile-friendly interface and easy-to-use eCommerce functionality, our guests will be able to purchase the exact ticket package they want though their channel of choice.”
etc"
Qd
No sweat, hope that helps
Thanks barchid.
Amati did not "buy in", they simply topped up, they have held this stock in their vct for many years, they speak with all their companies at least monthly so if anyone has knowledge of them they do, and in spades.
PS. However Amati buying in earlier this year was a very good sign: they're very strong on Smaller Companies, plus they'll have the chance to interrogate them personally.
"The Group's year-to-date performance gives confidence that it will comfortably exceed its stated revenue guidance of not less than $83m for the full year 2021. While the Group expects to deliver revenue beyond its initial expectations, the need to increase staffing levels, onboard customers and manage certain other costs associated with capturing this additional opportunity may temper the profit impact of this revenue outperformance.
Whilst cost management remains a key priority, management remains focused on capturing the range of new opportunities ahead of it and driving profitable revenue growth over the long-term. This long-term opportunity is underpinned by the global trends driving increased ecommerce adoption in the Group's end-markets."
Don't know what to make of this. Tempted to be very cynical. Glad I bought a bundle at 189p, but still underwater. Can't understand how they have managed to miss the opportunities for them in social distancing with their virtual queuing - and are they now paying themselves a bonus for achieving nothing?? What are these "certain other costs associated with capturing this additional opportunity"?
Lost faith but loath to leave.
It's loving life
Moving strongly today.
Chart breakout with no real resistance until 1000p+, multiple recent director purchases and institutional buying yesterday.
... and up only 1.85%!
An NED, Andy Malpas, has bought 18,000 at £5.75on 25th March - over £100,000's worth.
That's £250,000 of shares bought by three different directors in the last few days.
Another sizeable purchase by a director - this time £75,000's worth at 580p by the Chairman, increasing his holding by around 40%:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/pdmr-notification/202103291207548299T/
Great to see the CEO buying almost £75,000 of shares at 575p - a meaningful amount:
Https://uk.advfn.com/stock-market/london/accesso-technology-ACSO/share-news/Accesso-Technology-Group-PLC-PDMR-notification/84663221
Relatively bullish prelims in the circumstances. With strong cash reserves and unspent borrowing facility should be able to weather the next few months until revenue returns to pre-covid levels. If the "pent-up demand" translates into fcf, then things could be even rosier. Wondering whether to dip in for a few more (current average is a bit under £4, so reasonable profit atm).
RNS great and they are seeing growing opportunities - lets see what the market thinks.
this always seems to jump the day after good news, maybe should keep an eye for next time as looks like investors give us a day to get in ahead of them each time.
Late RNS on Friday - Amati Global Investors have been buyng and announced a 5.35% stake in ACSO, with 2.2m shares:
Https://www.investegate.co.uk/accesso-technology--acso-/rns/holding-s--in-company/202102051741112240O/
Also, Six Flags share price is at a one year high in anticipation of their sites reopening, which will of course see ACSO take its cut:
HTTPS://investors.sixflags.com/stock-information/stock-quote-and-chart
yes, can't imagine a worse situation for a company like this than an international lockdown so the fact we were able to survive this shows the company is resilient, and may have also put a lot of opposition out of business.
Future looks good, I expect more upward movement as we get closer to the summer.
With vaccinations going well in the UK and the USA, it looks like some are looking forward to attractions and theme parks re-opening.
Seems a solid update: "The solid trading performance reported in the Group's November update continued through the remainder of 2020, particularly over the holiday period in North America. As a result, the Group now expects to deliver revenue for the full year 2020 of not less than $55.0m, which is ahead of the Board's previous expectations."
It's always good to be ahead of expectations. Disappointed however that there is still no hint of progress in wider applications of this tech which seems such an ideal fit for the present situation.
sames
cheeky rise