gretel
01 Oct 2017
Re: Singer upgrade to Buy, 2151p target More detail on that ACSO upgrade - incidentally it's increased to 2151p, NOT the 2115p per the article:http ://www.proactiveinvestors.co.uk/companies/news/184828/city-broker-thinks-accesso-shares-are-now-worth-more-than-21-after-last-weeks-solid-interims-184828.html"City broker thinks Accesso shares are now worth more than £21 after last week’s “solid” interims10:19 29 Sep 2017 “The major driver to our target price increasing from £17.47 to £21.15 is the roll-forward of our base valuation year to reflect a full-year contribution from the Ingresso and TE2 acquisitions” Analysts at N+1 Singer have upgraded their recommendation and hiked their price target for ticket and queue management firm Accesso Technology Group PLC (LON:ACSO) following last week’s “solid” set of interims.Accesso signed up 40 new clients in the first half which helped it deliver an adjusted operating profit – which is what it considers to be a key underlying metric – of US$46.6mln (H1 2016: US$39.7mln).N+1’s Adam Lawson has upped his full-year earnings per share forecast to reflect a lower effective tax rate but said the main reason for his bullish outlook is because of the impact of recent acquisitions.“The major driver to our target price increasing from £17.47 to £21.15 is the roll-forward of our base valuation year to reflect a full-year contribution from the Ingresso and TE2 acquisitions,” Lawson wrote in a note this morning.This increase, together with improving earnings momentum, drives our upgrade from ‘hold’ to ‘buy’.”
gretel
01 Oct 2017
Singer upgrade to Buy, 2151p target N+1 Singer upgraded on Friday to Buy (from Hold) and have increased their target price to 2151p (from 1747p)....
gretel
25 Sep 2017
New Whitman Howard Buy note Whitman Howard have issued a brief update entitled "Post analyst meeting feedback" FYI.They retain their Buy and 2,000p target. A couple of snippets - sounds like management are priming the analysts to expect more news from the Asia-Pacific region, including China:"The Board are confident are making FY estimates and we reiterate this confidence. H2 will have the full summer trading months and the added benefit of both recent acquisitions which are progressing to plan, and the recent Village Roadshow contract win in Australia.""ACSO continues to benefit underlying growth in theme parks as well as the increasingly connected nature of venues. We retain our positive view. Management continued to highlight the potential of the Asia-Pacific region and the importance of being taken in to the Chinese market by Merlin. ACSO is supported by significant long term contracts (Merlin, Six Flags, Village Roadshow) with clear visibility and an improving mix of the higher margin ticketing sales."
gretel
20 Sep 2017
Re: Good H1 results, excellent outlook Agreed. Nice bounce from the lows - looks like the MMs got some stock nicely from a few short-termist/trader PIs.Interesting that every trade today bar one has been an O trade, i.e PIs. There's been just one OK (i.e likely institutional) trade, and that was a £60,000 buy.ACSO has qualities of high recurring revenues and growth rates, global roll-outs, and cross-sector potential - plus extremely capable management - which most other companies don't have. Hence its rating.Besides, its PEG is just 0.64 given 57% expected EPS growth next year and based on the upcoming forecast P/E. ACSO is thus very good value on Slater's prime valuation method.
donna blitzen
20 Sep 2017
Re: Good H1 results, excellent outlook Greatly overdone fall in the sp this morning and a good opportunity to either buy in or top up if you take a 1-2 year view.
gretel
20 Sep 2017
Good H1 results, excellent outlook Excellent results and outlook as flagged. This news is very encouraging:"accesso Prism continues to make excellent strides and a current leading client is about to start replacing their existing Qbot estate with the new device"along with updates that the Merlin roll-outs and the Universal introduction of Prism are going smoothly.Plus the outlook for H2 and beyond is as good as usual.Every reason to continue to hold imo as the story develops. Particularly given such strong growth as (1) ACSO are forecast to make $21.5m EBITDA this year rising to $39.2m in 2019. And (2) most of ACSO's earnings are predictable, with huge recurring revenues. Which the City loves.
gretel
19 Sep 2017
Huge Buy trade just reported Wow - nice £937,500 buy of 50,000 shares at 1875p just been reported....
gretel
15 Sep 2017
Re: RNS: contract win in Australia Excellent info from Numis - it seems ACSO replaced the incumbent operator in Australia:[link] Securities, one of accesso’s brokers, added that the contract win means accesso has displaced the incumbent operator, Omniticket.“This represents a significant upsell; Village Roadshow was previously a customer for two Qband installations (Wet'n'Wilds Sydney and Las Vegas) so ticketing adds considerably to that relationship. We see further potential for accesso to benefit from Village Roadshow's international expansion, although this initial contract is for the Australian venues,” the broker said.“Our previous research has indicated that Village Roadshow was potentially set to be a reference customer for a revamped ticketing platform from its incumbent supplier, Omniticket. For ACSO to displace this suggests to us a significant competitive advantage, and adds to the track record of Merlin, a long-term Six Flags renewal, and a major Prism implementation at a new (unnamed) US venue. As a major upsell, this also demonstrates the synergy within ACSO's broad product stack and, longer term, potentially bodes well for other upsell of existing and recently-acquired products,” the broker added.Despite the effusion, the broker does not foresee much effect on accesso’s financials this year, as Australia’s summer season will just be getting underway when the year ends.A quick calculation by Numis suggests accesso could enjoy roughly $1-2mln of annual ticketing revenue from the arrangement, which helps underpin the broker’s overall growth expectations."
gretel
14 Sep 2017
Harry Nimmo loves ACSO Nice feature on legendary fund manager Harry Nimmo at Standard Life this week, with bullish commentary on ACSO:[link] fund has a bias to technology companies as Harry Nimmo has identified numerous investment opportunities in this area. Investments in this sector include Accesso Technology Group. This business develops queue technology for theme parks and visitor attractions, which represents a game changer for the entertainment industry, according to the manager. He believes the company has the potential to grow ahead of expectations and he values the business’s predictable earnings."
gretel
14 Sep 2017
RNS: contract win in Australia Great contract win in Australia - big extension of what was a small win with Village Roadshow into a big 5 year agreement for the entire Passport ecommerce ticketing solution:[link] "Agreement with Village Roadshow Theme Parks for accesso Passport®- Five-year agreement with Australia's largest theme park operator - - Contract demonstrates accesso's expanding footprint in an important growth region -accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, today announces a five-year agreement with Village Roadshow Theme Parks ("Village Roadshow"
, Australia's largest theme park operator, to install the accesso Passport ticketing suite in key attractions across the country. The accesso Passport eCommerce solution will be go-live from spring next year at Warner Bros. Movie World; Wet'n'Wild Sydney; Wet'n'Wild Gold Coast; Paradise Country; and Sea World (Australia). Each of these venues will deploy accesso Passport's comprehensive, secure and fully-hosted online shopping experience to improve the guest-purchasing experience and drive incremental revenue from its eCommerce and front gate ticketing operations. Importantly, this contract represents a significant expansion of an existing relationship, following the installation of QbandSM, an accesso LoQueueSM virtual queuing solution, at Village Roadshow's Wet'n'Wild Sydney in 2016. It also demonstrates accesso's ongoing commitment to expanding its reach across new markets and geographies. The Asia-Pacific region is a key growth area for the Group, and this win is a reflection of the progress accesso is making in establishing a foothold there. etc"
gretel
31 Aug 2017
Interview in FT featuring ACSO Excellent interview of David Stredder by the great John Lee in the FT focusing on ACSO as his favourite share:[link] do you see the future for your chosen share?I will probably hold it until all potential has been exhausted. I can foresee opportunity for global expansion. The company already has market leading positions in some countries but there is a massive opportunity to capitalise in the rest of the world. There are market verticals where Accesso is still weak — such as sport and live music — where it intends to grow. The queueing business has opportunity but it is getting closer to the original vision of a queueless theme park, which will change the industry. Finally, I suspect M&A is rarely far away, as technology advances and opportunities arise. The company is now well funded with some of the world’s largest attraction brands on the client list, so there could be exciting times ahead for shareholders."
gretel
25 Aug 2017
Good news from Six Flags Good news overnight - Six Flags in California are now going to keep open all year round rather than just in the summer and on holidays.This will at a stroke add on a few hundred thousand more potential customers for ACSO:[link]
dynamo1
24 Jul 2017
Re: Tipped today in Shares Magazine Accesso Technology (ACSO:AIM) is a unique growth story on the UK market. We believe it will eventually get taken over at a big premium to the market price.Accesso has developed best-in-class, cloud-based queue-beating solutions and ticketing technology.It helps theme park visitors to avoid standing in endlessly long lines. That leaves them with more time to enjoy the attractions with an improved experience, and importantly for site operators, spend more money across other parts of the theme parks.In demand technologyOwners of some of the world’s biggest attractions are sold on the idea, such as Six Flags Entertainment, the $5bn owner of theme and water parks across the US, plus several zoos.The UK’s Merlin Entertainments (MERL), which owns Alton Towers, Chessington, and operates several Legoland parks in the UK and Europe under licence, is also a client.These type of relationships have helped Accesso develop an excellent growth track record. The company is profitable and cash generative.Big growth opportunities are cropping up in emerging markets across Latin America, the Middle and Far East, including China. Dubai, for example, plans to take on Florida as the world’s number one holiday destination.Expanding opportunitiesAccesso has greater ambitions still, launching itself into the global event ticketing market, currently dominated by Ticketmaster. This encompasses major sporting events and pop concerts, for example.Accesso believes it can leverage its state-of-the-art, cloud-based technology to undercut commissions earned by rivals, making it a more attractive partner to event organisers and performers.The $80m (£62.3m) acquisition of TE2 on 12 July is the latest in a long list of deals that should help it meet its objectives. TE2 provides customer engagement software to the leisure, hospitality, entertainment and retail sectors.Customers include Merlin, Cedar Fair Entertainment and SeaWorld Parks & Resorts, blending a mixture of new customers with opportunities to build deeper relationships with several existing Accesso clients.Analysts anticipate compound annual growth of about 18% through to 31 December 2019, which would double last year’s $15.3m pre-tax profit to $32.3m. That would almost halve the prospective price to earnings multiple, from roughly 40 to 21.7 by the end of 2018
donna blitzen
24 Jul 2017
Target Price Canaccord Genuity have raised their tp to 2190p.
gretel
24 Jul 2017
Hargreave Hale raise stake hugely Per Friday's RNS, Hargreave Hale have increased their holding substantially.ACSO have HH with 2,251,936 shares as at 17th July, and now they have 2,957,618, so they've bought another 706,000 or so shares at a cost of around £11.7m....[link]
