Accesso Technology Group: Leader In The Leisure Tech Space

By Edison Stock MarketsApr 02, 2014 07:26AM ET

www.investing.com/analysis/accesso-technology-group:-leader-in-the-leisure-tech-space-208338

Accesso Technology Group: Leader In The Leisure Tech Space

By Edison | Apr 02, 2014 07:26AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

Strategy is delivering

Accesso Technology Group PLC (ACSO.LSE) has released broadly in-line results for the 14 months to December. Over the last 15 months, the group has evolved into a much more substantial supplier of technology to the global leisure industry following the acquisitions of accesso LLC and Siriusware. Cross-selling the acquired products to customers outside the US is a key objective and the group has now announced its first ticketing deals in Europe. While accesso’s valuation appears pricey at c 31x our FY15 EPS, there is a range of compelling growth drivers and plenty of momentum in the business.

Accesso Technology Group Chart

Investment case: Leader in the leisure tech space

Following recent advances in technology, including in mobile and RFID, there are increasing pressures on leisure and attractions businesses to invest in IT to improve both internal efficiencies and customer experience. We note that Disney has recently launched MyMagic+, its new high-tech wristband-based ticketing system, which cost c $1.5bn to develop. This increases the stakes for other operators, which typically cannot afford anything near this level of investment and need to outsource their IT. accesso is well positioned to be the leading technology provider in this space, having assembled a portfolio of products, including industry leading solutions in ticketing and point-of-sale and patented solutions in queue line management. The group now has the infrastructure in place to push ticketing to customers in Europe and its first Qsmart deal has been announced in Asia.

Final results: Slight beat in revenues and cash flow

Results for the 12 months to 3 November 2013 were broadly in line. The group has changed its year-end date to December and hence has also reported results for the 14 months to December 2013. These show revenues slightly ahead of our forecasts at £39.6m (we forecasted £39.3m), with normalised PBT in line at £3.9m and net debt lower than we forecasted at £1.2m (£2.4m). We note that November and December are quiet months for the group, as the bulk of revenues are generated over the northern hemisphere summer months. Siriusware was acquired in December for £4.1m cash (net) and 473k new shares.

To Read the Entire Report Please Click on the pdf File Below

3 Ways To Buy Into Gold And Copper Miner Barrick By Tezcan Gecgil/Investing.com - May 23, 2022

Shares of Barrick Gold have returned more than 9% since the start of the year The war in Ukraine and US interest rate hikes should continue to impact the gold price Buy-and-hold...

Most Major Asset Classes Rebounded Last Week By James Picerno - May 23, 2022

After weeks of widespread losses, markets around the world were mostly higher for the trading week through Friday, May 20, based on a set of ETFs. The main exceptions: stocks and...

Is Microsoft A Bargain After Shares Lost 25% Of Value? By Haris Anwar/Investing.com - May 23, 2022 8

Microsoft stock is down 25% this year amid investors’ rush to avoid high-growth stocks MSFT is a high-quality, lower risk tech giant with a wide economic moat The...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

Central Banks

Interest Rates

Next Meeting

FED

1.00%

Jun 15, 2022

ECB

0.00%

Jun 09, 2022

BOE

1.00%

Jun 16, 2022

SNB

-0.75%

Jun 16, 2022

RBA

0.35%

Jun 07, 2022

BOC

1.00%

Jun 01, 2022

RBNZ

1.50%

May 25, 2022

BOJ

-0.10%

Jun 17, 2022

CBR

14.00%

Jun 10, 2022

RBI

4.00%

Jun 08, 2022

PBOC

3.70%

BCB

12.75%

Jun 15, 2022

US 30	31,905.3	+643.4	+2.06%
US 500	3,979.3	+77.9	+2.00%
Dow Jones	31,880.24	+618.34	+1.98%
S&P 500	3,973.75	+72.39	+1.86%
Nasdaq	11,535.28	+180.66	+1.59%
S&P 500 VIX	28.48	-0.95	-3.23%
Dollar Index	102.100	-1.073	-1.04%

Crude Oil WTI	110.52	+0.24	+0.22%
Brent Oil	110.85	+0.86	+0.78%
Natural Gas	8.829	+0.651	+7.96%
Gold	1,851.71	+9.61	+0.52%
Silver	21.762	+0.088	+0.41%
Copper	4.3392	+0.0642	+1.50%
US Soybeans	1,687.25	-18.00	-1.06%

SPDR S&P 500	396.92	+7.29	+1.87%
iShares Russell 2000	178.21	+2.13	+1.21%
Invesco QQQ Trust	293.48	+4.80	+1.66%
Direxion Daily Junior Gold Miners Bull 2X Shares	52.31	+0.77	+1.49%
iShares Silver	20.10	+0.03	+0.15%
ProShares Ultra VIX Short-Term Futures	15.74	-0.27	-1.69%
ProShares UltraPro QQQ	28.69	+1.35	+4.94%

Apple	143.11	+5.52	+4.01%
Alphabet A	2,229.76	+51.60	+2.37%
Tesla	674.90	+11.00	+1.66%
Amazon.com	2,151.14	-0.68	-0.03%
Netflix	187.44	+1.09	+0.58%
Meta Platforms	196.23	+2.69	+1.39%
Bank of America	35.87	+2.01	+5.94%

Accesso Technology Group: Leader In The Leisure Tech Space

Strategy is delivering

Investment case: Leader in the leisure tech space

Final results: Slight beat in revenues and cash flow

Related Articles