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Well you could say that trying to run a crowd control business in theme parks when most of your biggest customers are closed is a pretty tough gig,
Despite the continued ramps from Rivaldo who sends bullish messages and links to little in particular, and has been doing so regularly from a share price of about £30 to his last one on June 21 with the shares at £3, the £2.65 price today shows how effective his work has been, so a tough gig it seems to be doesn't it ?
There is either an astonishing lack of communication, or an astonishing lack of ability to capitalise on what seems a gilt edged opportunity. What on earth is going on?
Didn't do much to the share price though, did it ?
Great post Rivaldo , thanks
Extensive new interview with the CEO covering virtual queue technology, social distancing, limiting capacity at attractions/entrances, advanced reservations etc...
There is a huge, global opportunity here for ACSO across so many sectors (much more than even every single theme park and attraction).
Given ACSO's track record, global customer list, technology already in place and working effectively, and wide patent protection, one would think ACSO are in prime position to clean up here.
Let's hope management are up to the job and can perhaps recover at least some of the sparkle from not so long ago:
Https://www.coaster101.com/2020/06/19/virtual-queues-and-more-with-accesso-ceo-steve-brown/
Extract:
"Virtual Queues and More with accesso CEO Steve Brown
June 19, 2020
The ongoing coronavirus pandemic is leaving no part of the theme park experience unchanged. As theme parks begin to reopen, their standard operating procedures are drastically different with new safety protocols and other operational changes in place.
In addition to encouraging standard hand-washing and other personal hygiene practices, park operators are encouraging social distancing to prevent the spread of COVID-19. This includes limiting park and attraction capacities, requiring advanced reservations and implementing virtual queue technology.
Enter accesso®, the inventor of virtual queue technology; the tech company has served as the premier technology solutions provider for theme parks, attractions and other entertainment venues worldwide for 20 years. Currently serving over 1,000 venues in 30 countries around the globe, accesso’s patented and award-winning technology helps drive increased revenue for attraction operators while reducing the time guests spend waiting in line, therefore improving their overall experience."
In summary:
"How do you think virtual queue technology will change theme parks in the long run after the COVID-19 pandemic has ended?
Virtual queuing has always been the future of the theme park and attractions industry, but we’re seeing more widespread use ushered in more quickly than expected due to the pandemic. Although current implementations focus on the safety of guests and employees, the use of this technology will forever change the guest experience for the better.
This technology will allow guests to enjoy more of a venue during their visit, which in turn provides a better guest experience, as well as the potential for increased in-park spend."
I seem have have got about 28% of the extra shares I asked for on top of the 1/13 open offer. Wasn't expecting it to be scaled back by quite that much, but so it goes.
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
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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
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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.
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Source my brokers notes.
FWIW ______Open Offer detail published so far: ______1 for 13 @ 2.90 possible ???
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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