gretel
19 Sep 2016
Positive analyst comment New article not posted here before:[link] THE BROKERS SAIDAfter the half-year results, Peel Hunt predicted analysts’ full-year forecasts would nudge up.The broker noted that the second half of last year chipped in with two-thirds of annual revenues, so if that pattern is repeated accesso is on course for full-year revenue of around US$115mln, well ahead of Peel Hunt’s forecast of US$101mln.The stock has been one of the best performers on the market over the last 18 months, pushing the rating to a heady 38 times projected earnings per share for 2017.“However, we believe that the current rating is only factoring in some of the likely upside to our and market estimates and that the shares remain very attractive, with the company being one of the best positioned technology companies in the UK, in our view,” the broker said.The broker has a target price of 2,100p.The group’s house broker, Numis Securities, was caught on the hop by the strong performance, which was much better than it expected, though it did caution against reading too much into that, because of the seasonal nature of the sector accesso operates in.“Notwithstanding this, we think H1's strength gives a good cushion against the July/August weakness that management indicate some customers suffered due to extreme hot weather in the US,” the broker said.It is leaving its full-year forecasts unchanged, expressing confidence that the group is strong enough to withstand a weaker summer.“R&D [research & development] acceleration is a key theme in the numbers; we speculate that such investment implies an increasing pipeline of material new opportunities. The R&D acceleration impacts our near term forecasts on a Numis basis, although has limited longer-term effect. However, our analysis indicates that very broadly, a material additional contract could be worth c.£3-4 on the share price and we think it reasonable to reflect this into our valuation on a 2019 view thus our TP [target price] increases to 1700p from 1270p,” the broker said."
gretel
14 Sep 2016
Peel Hunt : 2100p target Peel Hunt retain their 2100p target - with some intriguing commentary:[link] Hunt predicted analysts’ forecasts would nudge up in the wake of this update. The broker noted that the second half of last year chipped in with two-thirds of annual revenues, so if that pattern is repeated accesso is on course for full-year revenue of around US$115mln, well ahead of Peel Hunt’s forecast of US$101mln. The stock has been one of the best performers on the market over the last 18 months, pushing the rating to a heady 38 times projected earnings per share for 2017.“However, we believe that the current rating is only factoring in some of the likely upside to our and market estimates and that the shares remain very attractive, with the company being one of the best positioned technology companies in the UK, in our view,” the broker said. The broker has a target price of 2,100p."
gretel
14 Sep 2016
Tremedous H1 results today Operating profit up 212% and EPS up 260%.......If the full year results show even vaguely similar improvement then forecasts will surely be well beaten. And despite dodgy weather in Aug/Sept ACSO are already able to say: "the early momentum gives the Board confidence that the Group is on track to meet its expectations for 2016"
gretel
05 Sep 2016
Hendersons buying ACSO Looks like Henderson Smaller Companies have been buying recently too per this article on Friday night:[link] HENDERSON SMALLER COMPANIES: It’s risky - but a bet on small firms can mean big profits WHAT DOES IT DO? Invests in small UK businesses with the potential for growth. Recent additions to the portfolio include.....Accesso, which offers online ticketing services."
gretel
02 Sep 2016
Six Flags to open new water park Six Flags announced last night that "the company is expanding its park portfolio with the opening of a new water park in Mexico and introducing thrilling rides at each of its other locations across North America":[link] the proud Six Flags family of iconic theme and water parks:• Hurricane Harbor Oaxtepec Mexico in the beautiful state of Morelos. This tropical oasis will offer families a welcome summer retreat. The 67-acre park will feature an innovative new hybrid waterslide, a multi-level water play structure, a wave pool and a tranquil lazy river, among numerous other fun water attractions all set among a lush, inviting landscape. Hurricane Harbor Oaxtepec will be Six Flags’ 19th park, and is scheduled to open in February 2017. "
gretel
30 Aug 2016
RNS:Standard Life buy, go above 11% Great to see Standard Life continuing to buy in large quantities and going above 11% :[link]
gretel
25 Aug 2016
Peel Hunt increase target to 2100p Peel Hunt say Buy today and have raised target to 2100p.....[link]
gretel
22 Aug 2016
New Shares Magazine article Fantastic progress over the last couple of weeks. Here's a new Shares Magazine article from this week's issue FYI - partnerships with Uber, airlines, Airbnb etc coming up? "THERE’S NO DOUBT that Accesso Technology (ACSO:AIM) has matured considerably over the past couple of years from a potentially exciting growth company into the real thing, and it comes as no surprise that increasing numbers of investors are gravitating to it. A past Play of the Week in February 2015 at 556.5p, the share price has soared more than 150% since, and it’s not difficult to see why.Surrey-based firm formerly called Lo-Q has developed a best-in-class, cloud-based queuebeating technology platform that adds to the experience of attraction visitors, via ticketing, queue-beating and pre-booking, for example, freeing up time that usually encourages more cash spent on site. Attractions owners love that last bit. Which translates into a steady stream of contracts for its wristband or smartphone app-based technology.A landmark seven-year agreement to integrate its system right across the 100-plus attraction portfolio of Merlin Entertainments (MERL) caught the eye of investors back in July last year, including Alton Towers, Thorpe Park and various Legoland sites.That success was followed up in February with a contract renewal with Six Flags (SIX:NYSE), an existing customer, that will see Accesso provide ticketing and queuing technology right through until 2025 across the company’s 18-strong attraction estate.Accesso has even bigger plans. Envisaging an ‘experience starts with the ticket’ strategy, the company sees scope to bolt-in travel arrangements and overnight stays, for example, and we can see potential for partnerships with organisations like Uber, airlines, even Airbnb. Deeper moves into sports events are also planned.Revenues have consistently growth at 25% to 30% over the past five years while pre-tax profits have close on doubled since 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) has trebled to £9.85 million. That puts the 30 December 2016 price to earnings (PE) multiple of 41.6 into perspective, falling to 34.5 in 2017. Don’t expect future share price progress to match the past, but there seems every reason to be confident of more exciting returns, both in the near-term, and the long-run."
Clitheroekid
11 Aug 2016
70% drop! I would imagine there have been a couple of heart attacks this evening, as the SP is showing a 70.67% drop to 415. I assume whoever transcribes the trades missed the `1' off the price on the last trade.
gretel
28 Jul 2016
Merlin's results good for ACSO Strong results and outlook this morning from Merlin - and LEGOLAND in particular:[link] that Merlin choose to highlight this as a "strategic growth driver": "#2 Exploiting strategic synergiesContinued roll out of the new accesso 'Passport' ticketing and admissions system, with major sites expected to have the system by the end of 2017"
gretel
26 Jul 2016
RNS : Standard Life buying heavily Standard Life have increased their holding to over 11% by adding another 220,000 shares:[link]
gretel
21 Jul 2016
Six Flags opening more Chinese theme parks Six Flags last night announced "Additional Six Flags-Branded Parks Coming to China":[link] "GRAND PRAIRIE, Texas--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company, and Riverside Investment Group Co. Ltd., a leading real estate developer in China and existing partner of Six Flags, today announced the signing of a letter agreement for the potential development of a second Six Flags-branded theme park in China together with a water park. The two parks will be located in Bishan, a district of Chongqing, with a surrounding population of approximately 120 million people.“Developing two parks in Chongqing, the most populous municipality in China, is another step forward in executing our long-term strategy to expand our brand outside of North America and bring Six Flags thrills to millions of new guests,” said John Duffey, President and CEO. “Riverside is an excellent partner and we share a common vision to develop multiple Six Flags-branded parks in China.” “As the exclusive strategic partner of Six Flags in China, we are excited about the development of two parks in Chongqing of western China, the biggest city in the world,” said Li Zhe, chairman of the Riverside Investment Group. “With the ongoing support of the Chinese government and the strength of the Six Flags brand, we are confident these projects will provide strong economic growth in China.”etc"
gretel
08 Jun 2016
Re: New Peel Hunt 1600p target price More detail on that upgrade to 1600p....[link] lies beyond Merlin for Accesso, says Peel Hunt12:49 07 Jun 2016 Broker Peel Hunt provides a comprehensive look at accesso todayExpanding virtual queue firm Accesso Technology Group PLC (LON:ACSO) is handed a bullish ticket today from broker Peel Hunt, which has pumped up its target price on the stock to 1,600p from 1,280p (current price: 1,308p).The broker reckons the current share price only factors in upside potential from its deal with entertainment giant Merlin Entertainments PLC (LON:MERL) but there are many others opportunities which give cause for optimism.These provide upside of up to $17.2mln in 2017, or a 16% increase to revenue, which in turn would equate to earnings upside of up to 60%, the broker reckons.Global theme park market of 1bn visitorsMajor among these is that the potential global theme park market is 1bn visitors per year and if accesso was to work with all the operators with whom it does not yet have a relationship, excluding Disney, this would be a nine-fold increase in its reach, notes analyst Paraag Amin."We conservatively estimate a 5% revenue uplift in 2017 and 7.5% in 2018, as we anticipate accesso will gain share as its solutions become increasingly desired by smaller operators and new, larger parks come online," said the analyst.Accesso's technology allows visitors at theme parks to step out of line and be told when their chosen ride or attraction is ready. Its main product is called LoQueue, which has been widely adopted.It also owns the accesso Passport ticketing suite, where customers can shop OnSite. OnLine, while Siriusware is another of its ticketing and admissions systems.Another factor the broker foresees as becoming the norm is "fully automated queue free theme parks in the future".On that basis, it estimates a 1% revenue uplift in 2017 and 2% in 2018, as "we anticipate queue-less theme parks (or at least a virtual queueing solution for the most popular attractions in parks) to be introduced in 2017".In addition, Amin reckons that around half of accesso’s current parks are relatively mature, namely that queue management (QM) is a relatively new product, generating around 70% of revenue, whilst the remainder are still maturing."If these immature parks build up to the same eventual level as the mature parks, accesso could see up to a 30% revenue uplift," he said.The analyst added that the group's current customers using QM in at least one venue serve over 100mln visitors per year, so the group could see close to a three-fold increase in QM revenue by rolling it out in all the remaining parksRapid uptake of smartphonesOn the ticketing side of the business, the broker notes with the rapid uptake of new smartphones, there is an increasing desire from consumers for better, time saving mobile services, such as digital ticketing and payment."We believe this trend extends beyond simple ticket purchasing and download to in-park services. Therefore, accesso is well positioned to provide a comprehensive solution for the entire guest journey," says Amin.In July last year, Accesso revealed an exclusive long term agreement with Alton Towers owner Merlin, whose brands include LEGOLAND, to provide onsite ticketing and eCommerce across the global estate.The initial contract was for seven years and included the installation and deployment of the hosted accesso Passport ticketing solutions.Peel Hunt assumes a roll-out of queue management in 70% of Merlin parks over the next three years, with a 4.5% take-up rate, and 4% annual price increases.On ticketing, it assume 40% of Merlin’s ticket sales are online or on mobile. Its blue sky assumes a 7% take-up rate of QM and 60% digital bookings, it says.Peel Hunt repeats a 'buy' Peel Hunt repeats
gretel
07 Jun 2016
New Peel Hunt 1600p target price Peel Hunt have today increased their target price to 1600p (from 1280p).....[link]
gretel
24 May 2016
Excellent AGM update today Cracking update. Can't ask for more - and great to see the succession planning in place with Steve Brown moving up to CEO and TB becoming Chairman.The outlook looks great: "the encouragingly strong start means we are increasingly confident about our likely performance for the year"
