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ACSO.L1,865.00GBp0.00 (+0.00%)

52wk Low / High
1,360.00 / 2,050.00
Market Cap
£418.93m
Shares in Issue
22.46m
Earnings Per Share (TTM)
12.78p
Current PE Ratio (TTM)
0.08
Div / Yield
- / -

Quotes delayed, except where indicated otherwise. Currency in GBp.

Overview

accesso Technology Group plc (AIM:ACSO) is the premier technology solutions provider to leisure, entertainment and cultural markets. Patented and award-winning technology solutions drive increased revenue for attraction operators while improving the guest experience.

accesso covers nine verticals from theme parks, where they serve 7 out of the 10 top operators, to cultural attractions and live events. Solutions are designed to reduce queues, streamline guest management and ticketing processes, handle payments, and simplify point of sales processes.

To date, accesso have processed over £5bn in transactions, and 11m guests have enjoyed their queue-less solution LoQueue.

www.accesso.com

Directors

  • Tom Burnet (Exec Chair): Formerly CEO accesso. Ex MD of Serco PLC Defence Operations business.
  • Steve Brown (CEO): Ex corporate VP ticket strategy & sales for Six Flags.
  • John Alder (CFO): Chartered accountant, qualified with PWC.
  • David Gammon (NED): Founder & CEO of Rockspring Investments.
  • John Weston (Snr Ind Dir): Former CEO of British Aerospace and BAE Systems
  • Karen Slatford (NED): Current Chair of The Foundry & Snr Ind Dir at Micro Focus International plc.

Financials

P&L2015
US$~m
2016
US$~m
Revenue93.17102.51
Operating Profit7.7110.51
Earnings after tax5.377.53
BALANCE SHEET2015
US$~m
2016
US$~m
Cash & cash equivalents5.315.87
Net assets63.5677.79
Total Liabilities33.2830.59

Peer Group

  • Iomart Plc (AIM:IOM): Data Centres & related tech (view investor videos)
  • Delcam PLC (AIM: DLC): computer aided design software for the manufacturing industry

Major Shareholders

Management

  • Sim Family (L Sim, Founder of Lo-Q) – 3.6%
  • Steve Brown (CEO) – 2.82%
  • Tom Burnet (Exec Chair) – 1.93%
  • John Weston (NE Chairman) – 0.56%

Others

  • Standard life Investments – 10.98%
  • Blackrock – 10.14%
  • Hargreave Hale – 9.36%
  • Allianz Global Investors – 6.47%
  • Old Mutual – 3.61%

Macro Indicators

  • Global Trends: Global market for amusement and theme parks forecast to reach $44.3 bn by 2020 (StrategyR, April 2017)

Media Coverage

iii.co.uk (July 2017) “Accesso Launches Placing To Fund Deal To Buy The Experience Engine ”

“Accesso Technology Group PLC, which provides ticketing software for theme parks and other attractions, said on Wednesday it will acquire software developer The Experience Engine. The company also said the first part of the 2017 financial year has started strongly, with all parts of the business generating good momentum.”

Investors’ Chronicle (Mar 2017): “accesso scales up

“accesso Technology (ACSO) spent 2016 ploughing cash into wearable technology, as well as scaling up its existing ticketing platform for major new client Merlin Entertainments (MERL). This meant its research and development expenditure increased to almost 18 per cent of revenue, compared with 13 per cent the previous year. However, the rewards were a 25 per cent increase in underlying operating profit to $15.7m (£12.6m).”

 

Broker Coverage

Financial Times (April 2017)
“the consensus forecast amongst 5 polled investment analysts covering Accesso Technology Group PLC advises that the company will outperform the market.”

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