gretel
06 Apr 2018
Giles Hargreave buying ACSO A new article in the Telegraph asks the legendary Giles Hargreave and another manager of his Marlborough Special Situations fund "what have you bought lately" - and it's ACSO:[link]
gretel
28 Mar 2018
New Special Olympics contract win Prestigious new American contract win for the Special Olympics:[link] Selected by the 2018 Special Olympics USA Games to Provide Streamlined Ticketing Solution Special Olympics USA Games Implements accesso ShoWareSM Solution Ahead of Opening Ceremony Mar 27, 2018, 13:30 ETORLANDO, Fla., March 27, 2018 /PRNewswire/ -- accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, is partnering with the 2018 Special Olympics USA Games to provide a fully integrated ticketing platform for this year's Opening Ceremony.The Opening Ceremony, which will take place July 1st at the University of Washington's Husky Stadium, will utilize the company's accesso ShoWare solution, a cloud-based Software-as-a-Service (SaaS) for ticket sales and distribution. The ticketing software will allow attendees to purchase tickets for the ceremony either on-site or online, while enabling event organizers to seamlessly integrate and manage the ticketing process on a single platform.......With the accesso ShoWare ticketing solution in place, the 2018 Special Olympics USA Games will benefit from a range of features to customize and enhance its ticket sales. Patrons will have the ability to select their tickets directly on the Games' secure website, or purchase tickets on-site via the accesso ShoWare box office module, which integrates and syncs with online sales in real time. The solution will also provide event operators with access to comprehensive data and reporting on purchase patterns, ticket availability and other user behavior.etc"
gretel
23 Mar 2018
Berenberg increase target price to 3000p today (from 2700p). Nice....[link] today reaffirms its buy investment rating on Accesso Technology Group (LON:ACSO) and raised its price target to 3000p (from 2700p)"
gretel
21 Mar 2018
Re: Results today ahead of expectations Peel Hunt today retain their Buy and 3100p target:[link] N+1 Singer note that EBITDA was "substantially ahead" of expectations.They'll be reviewing their forecasts and target price - and anticipate increasing those forecasts by 5%-10%.
donna blitzen
21 Mar 2018
Re: Results today ahead of expectations Thanks for your postings here, gretel. Like you, I think this is a great company to have in one’s share portfolio. Plenty more opportunities for ACSO to develop and profit from.
gretel
21 Mar 2018
Results today ahead of expectations Results are well ahead of expectations - for example re N+1 Singer, ACSO achieved $24.6m EBITDA ahead of $22.8m forecast.The 56.73c EPS compares to 49.8c forecast (aided by a tax credit).The $19.1m adjusted operating profit compares to $15.5m forecast PBT.This comment re Ingresso looks particularly exciting:"This acquisition has also helped us reach further into London's fragmented West End Theatre market and will, over time, allow accesso to exploit the significant inefficiencies that exist within the travel and leisure industry."And this:"Volume growth of 67% year-on-year reflects customer wins including Ticketmaster UK, opening up access to West End theatres in London"And above all:"accesso is pleased to report that the Group is showing good momentum at the start of 2018. We look forward to a promising year ahead."
gretel
15 Mar 2018
Peel Hunt initiates: Buy with 3100p target Very nice indeed - Peel Hunt initiates coverage today, with a Buy and a 3100p target price.....[link]
gretel
12 Mar 2018
New contract win in Mexico Another contract win, this time in Mexico:[link] Partners with San Luis Potosí Ministry of Tourism to Provide Ticketing for the Huasteca Potosina Region.Posted In Press Releases on February 28, 2018San Luis Potosi, Mexico (February 28, 2018) – accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, is partnering with San Luis Potosi Ministry of Tourism to provide a fully integrated ticketing platform for its natural sites within the Huasteca region.The Ministry of Tourism, in partnership with the Secretariat of Ecology and Environmental Management (Segam), signed a three-year agreement to implement the company’s accesso ShoWare solution, a cloud-based Software-as-a-Service (SaaS) for ticket sales and distribution. The accesso ShoWare ticketing software will allow tourists to purchase tickets online for a specific day and time, and will also enable attractions in the state to strategically control the flow of visitors so that the biodiversity of its natural sites can be protected.The Huasteca Potosina is a popular tourist destination with beautiful landscapes and lush vegetation, formed by rivers, waterfalls, caves and deep chasms. Huasteca Potosina features many popular tourist sites, including Micos, Tamul, Puente de Dios, Xilitla, Sotano de las Golondrinas, Las Huahuas, Tanchachín and La Morena. The first site to implement the accesso ShoWare platform will be Puente de Dios, which is expected to start selling tickets online starting in March 2018. In addition to the Huasteca Potosina Region, the state of San Luis Potosí also includes the regions of Middle Region, Central Region and Altiplano Potosino and 58 municipalities."
gretel
07 Mar 2018
New interview with CEO A new interview with TB, with some nice excerpts....Http ://www.proactiveinvestors.co.uk/companies/stocktube/8831/accesso-secures-significant-new-contract-in-healthcare-8831.html- for 2018 there's "a mountain of business coming our way"- ACSO have "unique" technology- ACSO have huge amounts of IP with patents and patents pending
gretel
05 Mar 2018
Merlin roll-out going well Merlin issued good 2017 results on Friday. Their share price rose nicely, presumably due to this line in the report....
))"Exploiting strategic synergiesAccesso® e-commerce platform now rolled out to the majority of the estate"I note Merlin are due to open further Legolands in China, New York and South Korea, having just opened parks in Japan and Malaysia. No doubt ACSO will be rolled out here too:[link]
gretel
01 Mar 2018
RNS: expansion into healthcare Wow - a very exciting expansion into healthcare, and a hugely prestigious new client to boot with the Henry Ford Cancer Institute....This should excite the market somewhat given the possibilities:[link] N. Kalkanis, M.D., Medical Director, Henry Ford Cancer Institute, and Chair, Department of Neurosurgery, commented:"This is unlike anything we've seen before in healthcare. A cancer diagnosis and everything that comes with it can cause an unspeakable amount of stress for patients and families. A solution of this magnitude has the unparalleled potential to ease that burden and we are thrilled to join with Accesso to create an improved experience for our patients." Spencer Hoover, Henry Ford Health System's Vice President & Executive Director of the Henry Ford Cancer Institute, commented:"We're creating a revolution in healthcare that, for the first time, combines unprecedented convenience with exceptional and personalized care. In Accesso and TE2, we have found committed colleagues that have brought the best of hospitality to healthcare."
gretel
26 Feb 2018
Good results also for Cedar Fair Following Six Flags' forecast-beating results, Cedar Fair also delivered very good Q4 results and solid full year numbers.Most importantly, the outlook for this year is also very confident - which is of course good for ACSO:[link] from advance purchase commitments, including season passes, through the end of January are up 10% from the same time last year, driven by a strong capital program for 2018. "We are pleased to report a record fourth quarter performance as our parks had a strong finish to 2017," said Richard Zimmerman, Cedar Fair's president and chief executive officer.....This focus has enabled us to generate solid increases across all of our advance purchase channels for 2018, giving us confidence that the momentum we generated at the end of 2017 will continue."
gretel
21 Feb 2018
Six Flags beat forecasts, confident for 2018 Good news last night - Six Flags beat forecasts for their Q4 results, and they say they're "very well-positioned to deliver another record year in 2018":[link] are the full results:[link] a conference call transcript here, which has very positive implications for ACSO as it
1) specifically mentions Flash Pass as one of the growth drivers for in-park revenues(2) highlights the "large-scale" fast growth opportunity for acquisition of and growth in water parks in their portfolio:"We can have multiple water parks in each of our markets and there are dozens of potential opportunities and it is highly accretive to earnings."(3) focuses on near-term growth opportunities in China, Dubai, Vietnam etc etc[link]
gretel
20 Feb 2018
Re: Berenberg intiate: Buy, 2700p target More detail on the new note:[link] starts Accesso at a 'buy', sets 2,700p targetWed, 14th Feb 2018 13:53Analysts at Berenberg initiated coverage on leisure industry group Accesso Technology with a 'buy' rating on Wednesday, citing several factors that they believed would lead to "double-digit organic revenue growth" over the coming years as their reasoning.Berenberg stated that Accesso and its end-to-end technology stack, married with its global footprint, position it well in "a market that is fragmented by product, geography and vertical"."We believe this will allow Accesso to take market share in its core theme park market, but also expand in the broader leisure industry where it has less penetration," the Tuesday morning research note read.Berenberg initiated coverage with a 'buy' rating and a 2,700p price target.Berenberg said, "Accesso has spent c$170m on five acquisitions since 2012. With more than $120m of balance sheet firepower over 2018-20E, we believe that accesso will likely use M&A to accelerate growth in new verticals and geographies. Our analysis indicates that M&A could deliver 30%+ earnings upgrades over 2018-20E and add up to 1,100p to our base-case DCF price target.""We value accesso on a 80/20 blend of our base-case DCF and blue-sky valuation. Accesso trades on 37x 2018 P/E for a 20% 2018-20E EPS CAGR," the analysts concluded."
gretel
19 Feb 2018
Berenberg intiate: Buy, 2700p target Berenberg note that their initial 2700p target has upside to 3800p given ACSO's firepower for M&A, plus the potential for margin increases:[link] sees 20% upside potential for accesso Technology as it starts coverage with a ‘buy’134 14 Feb 2018 Berenberg's analysts pointed out that accesso's end-to-end technology stack combined with its global footprint positions the group well in a market that is fragmented by product, geography and vertical German bank Berenberg has initiated coverage on accesso Technology Group PLC (LON:ACSO) with a ‘buy’ rating and a price target of 2,700p, offering over 20% upside potential to the shares which are currently trading at 2,230p each.In a note to clients, Berenberg’s analysts noted that accesso is the leading provider of virtual queuing, ticketing and point-of-sale (POS) solutions for the global leisure industry.They pointed out that this end-to-end technology stack combined with the AIM-listed group's global footprint positions the group well in a market that is fragmented by product, geography and vertical.The analysts said: “We believe this will allow accesso to take market share in its core theme park market, but also expand in the broader leisure industry where it has less penetration. We believe these factors will continue to drive double-digit organic revenue growth over the coming years.”They added: “Coupled with the capacity to consolidate its fragmented industry and a scalable business model, we believe accesso can grow to multiples of its current size on a multi-year view.”The Berenberg analysts noted that since 2012, accesso has delivered a compound average growth rate (CAGR) of 12% in organic revenue.They believe that level of growth is sustainable as accesso’s breadth of solutions and depth of intellectual property will, in their view, allow it to: 1) continue to take share in the large US theme park market, 2) capitalise on the increasing investment in the Asian theme park market and 3) continue expanding its addressable market by entering new high-value verticals, such as live events, festivals, sport and cultural activities.The analysts said: “Given these opportunities, and with the leisure market as a whole increasingly adopting digital supply chain and ecommerce solutions, we believe accesso will continue to deliver at least double-digit organic growth over the coming years.As such, they forecast a 13% organic revenue CAGR for 2018-2020.Material margin growth expected The analysts also said they believe accesso’s software as a service (SaaS)-based revenue share model will drive material margin growth over the coming years.They added: “This model requires accesso to bear the upfront implementation costs, reducing contract margins at the outset, but with ongoing costs largely fixed and with growing contract revenues, we would expect margins to naturally increase over time.”The Berenberg analysts said while their base case already models EBIT margins to expand to 16%-18% in 2018-2020, they believe EBIT margins of 17%-21% in 2018-2020 and 30%-plus by 2025, are achievable.They added that this upside scenario would increase their 2018-2020 EBIT estimates for accesso by 4%-15%, and add +700 basis points to their base-case discounted cashflow-based price target.M&A also offers material upsideThe analysts also pointed out that M&A offers material upside for the group, with accesso having spent around US$170mln on five acquisitions since 2012.They added that with more than US$120mln of balance sheet firepower estimated over 2018-2020, they believe that accesso will likely use M&A to accelerate growth in new verticals and geographies. They said their analysis indicates that M&A could deliver 30%-plus earnings upgrades for accesso over 2018
