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Just bought here (yesterday). I think this is a good business model for the new normal.
Doesn't seem great with amusement parks etc closing down but with socially distancing I can see all restaurants, bars, etc needing some kind of virtual queueing so people can know when they can turn up at establishments.
This could fall further in the short term (like any stock) but confident it's long term winner.
@Rivaldo
Delighted to have had a reply at last !
Well done on the 50p buys, they are worthy of your posting name.
I can not claim to have bought as low as that but I was out in the mid £20's largely due, I recall, to reading a report indicating the 2018 change of management seemed to be an amber light. So yes, I was lucky, but I have felt for a good while that this stock was behaving like a tub of lard.
As I said in my recent post at 262.5 there is much more chance of making money at that level, especially with the old boss back in the saddle, but I still also believe that running a crowd control business when your biggest customers are just reopening after a long closure and with (some of) the public often nervous of being in crowds, is a pretty tough gig.
Everything has its price however & I truly suspect this might be it, although I doubt its ability to rise very far into double figures for some time yet, especially with the lack of air transport, global tourism is likely to see some permanent changes.
Barchid, I bought my stake in ACSO originally at around 50p-52p from memory (it's all on the bulletin boards if you really want to research it), and top-sliced a number along the way to £30. It's a shame you weren't around then, as it was quite a ride. Enough said really.....
Take a look at how my other holdings have performed too. Perhaps then you might re-evaluate your opinion :o))
I still hold a decent stake here. This could just be the floor. Certainly, this week's H1 results have been well received by the markets, probably because:
- trading is slightly ahead of expectations
- H1 figures looked as reasonable as could be given the pandemic
- relief at the company now being relatively well financed going forward
- virtual queueing taking off globally spurred on by COVID-19/social distancing
ACSO are not out of the woods yet by any means given the potential for second waves, but there's potentially multibagger upside if and when "normalisation" begins/returns.
Astonished to hear you congratulate someone who was a Bull from £30 to current level.
Are you for real ?
As Rivaldo has more sense than to get into an argument, I won't either. All I will say is that I am grateful to Rivaldo that he puts up what he thinks. It has frequently been very helpful to me.
I wish you well, and success with your investments.
QD
@Qd22
I suggest you ask Rivaldo, he has been puffing this from £30 to sub £3 !
Check back and you will see I am not exaggerating....
Personally this co looks like a crock of cr@p, other than that the old boss is now back in the saddle, perhaps he wants to take it private ?
Still not RNS'd. I don't understand this crew. There seems to be no indication at all that they want to make this company work. They have the ideal technology for adaption into all kinds of Covid-world situations, to give businesses a chance to cope, but there is no indication that they've done anything at all. And when they make a win in their core business they don't even publicise it! It was never actually clear to me what was really going wrong before either, nothing to nail down. ???
News - at last ACSO are delivering on virtual, socially distanced queueing. A prestigious, big name attraction too.
Not RNS'd (yet?), perhaps because it isn't individually material, but I'd have thought this was worthy of an RNSNON since it's certainly significant in terms of corporate news:
Https://blooloop.com/news/accesso-virtual-queuing-parc-asterix/
"accesso delivers virtual queuing solution for Parc Astérix
21st August 2020
accesso Technology Group PLC, a leading technology provider, has partnered with Parc Astérix to deliver a 100% virtual queuing solution.
accesso is pleased to announce that guests at France’s popular Parc Astérix theme park are now enjoying safe, socially-distanced visits, thanks to its 100% virtual queuing system. The park is the second-largest in the country and is located outside Paris, where it offers a fun selection of rides and attractions set over six different worlds.
Parc Astérix is using the Filotomatix virtual queuing program for several of its much-loved attractions, which is powered by accesso’s intuitive Qsmart platform and the accesso LoQueue virtual queuing solution. This means that the park is able to implement physical distancing regulations, keeping guests safe as well as reducing the amount of time they spend waiting in line.
100% virtual queuing
The Qsmart platform is user-friendly and easy to use, both for visitors and operators. It can be accessed through a smartphone, without the need to download any apps, or by using the accesso PrismSM smartpark wearables.
This virtual queuing solution leads to a contactless ride reservation and loading experience. It also adjusts to variables like guest flow as well as changes in weather and operations. The technology means that the park benefits from real-time capacity optimisation and is able to communicate effectively with guests throughout their visit.
“In accesso, we are pleased to find such a forward-thinking partner to help us welcome back our valued guests with safety and security top of mind,” says Sebastien Retailleau, Directeur Général Adjoint at Parc Astérix. “With the introduction of Filotomatix, guests will be freed from physical queues and thus able to enjoy visiting even more of our attractions and shows.”
Dynamic and reliable solutions
The French theme park is the latest attraction to turn to accesso’s virtual queuing solution in response to the COVID-19 pandemic and the need for social distancing. Just last year, accesso’s virtual queuing technology allowed more than a million guests to enjoy a more streamlined, queue-free experience at a range of attractions around the world.
“Parc Astérix is a truly iconic European park and we are thrilled to be partnering with them to redefine the experience for their millions of guests,” says Steve Brown, accesso CEO.
etc"