Proactiveinvestors United Kingdom Accesso Technology Group PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Accesso Technology Group PLC RSS feed en Fri, 22 Mar 2019 04:03:08 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190320111723_14009255/ Wed, 20 Mar 2019 11:17:23 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190320111723_14009255/ <![CDATA[News - City broker tips accesso to ramp up investment this year under new chairman ]]> https://www.proactiveinvestors.co.uk/companies/news/215732/city-broker-tips-accesso-to-ramp-up-investment-this-year-under-new-chairman-215732.html  

What it does

Accesso Technology Group PLC (LON:ACSO) is a technology solutions provider to leisure, entertainment, hospitality and cultural markets.

More than 1,000 theme parks and attractions use its tech, which helps visitors to have a more enjoyable and hassle-free time.

One of its big deals is with Universal Studios’ Volcano Bay water park in Florida. On arrival, guests are given one of accesso’s Prism wristwatches which can then be used to hold their place in line, open lockers and even pay for food and drinks.

While this is beneficial for the guests, it also makes sense for the parks, which can track customer journey information – what they like to do and when, for example – which it also makes it easier for guests to spend money.

Accesso, which is, of course, based in Orlando, also has a host of other ticketing and point-of-sales solutions which it sells to clients.

 

How it’s doing

It’s been a tumultuous few months for accesso, during which its long-serving executive chairman Tom Burnett stepped aside to become a non-executive director.

Industry veteran Bill Russell has taken over as the new chairman, albeit in a non-executive capacity.

The company said in February that full-year results for 2018 will be “broadly in line with market expectations”, although that is before a US$1.7mln charge for an aborted acquisition back in October.

accesso bosses recently kicked off a review of the firm’s investment priorities for the year ahead, so investors will be looking for more clarity at the end of March, when the full results statement is released.

Within that release, City broker Peel Hunt expect the company to announce a ramp-up in investment in order to take advantage of “significant future opportunities”.

The stock has tumbled by 40% this year on the back of the uncertainty, not helped by the likes of Blackrock selling down some of their holdings.

 

What the broker says

Despite the issues which have knocked investor sentiment of late, Peel Hunt still has the stock as an ‘add’ with a bullish price target of 1,200p.

It believes the company didn’t invest enough in its technology last year and expects that to be corrected in 2019.

That will likely dent earnings in the short-term, but the analysts note that accesso should reap the rewards a bit further down the line.

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Mon, 04 Mar 2019 07:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215732/city-broker-tips-accesso-to-ramp-up-investment-this-year-under-new-chairman-215732.html
<![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190301070007_13986358/ Fri, 01 Mar 2019 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190301070007_13986358/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190226112341_13982180/ Tue, 26 Feb 2019 11:23:41 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190226112341_13982180/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190211090534_13964628/ Mon, 11 Feb 2019 09:05:34 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190211090534_13964628/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190211090012_13964625/ Mon, 11 Feb 2019 09:00:12 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190211090012_13964625/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190208165151_13963861/ Fri, 08 Feb 2019 16:51:51 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190208165151_13963861/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207090528_13961666/ Thu, 07 Feb 2019 09:05:28 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207090528_13961666/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207090022_13961663/ Thu, 07 Feb 2019 09:00:22 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207090022_13961663/ <![CDATA[News - Accesso's executive chairman Tom Burnet to step down ]]> https://www.proactiveinvestors.co.uk/companies/news/214147/accesso-s-executive-chairman-tom-burnet-to-step-down-214147.html Accesso Technology Group PLC (LON:ACSO) traded broadly in line with market expectations in 2018.

The provider of technology solutions to the leisure and entertainment markets advised, however, that the 2018 results would be affected by one-off costs of around US$1.7mln relating to an acquisition that ultimately did not go through.

READ: accesso expands footprint in Australia

The group also announced that executive chairman, Tom Burnet, will move to a non-executive role at the beginning of March. Bill Russell, who has served in a variety of roles in both public and private technology company boards, will become non-executive chairman when Burnet vacates the chair.

Paul Noland, the chief executive officer of accesso, hailed Burnet’s “exceptional leadership” and said he looked forward to continuing his working relationship with him “as the business prepares for another year of continued growth”.

Following a period of sustained growth, the board has recently initiated a review of the group's investment priorities.

An update on the outcome of this review is likely to be given when the company issues its full-year results on March 27.


 

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Thu, 07 Feb 2019 07:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214147/accesso-s-executive-chairman-tom-burnet-to-step-down-214147.html
<![CDATA[RNS press release - Year-end Trading Update and Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207070003_13961044/ Thu, 07 Feb 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190207070003_13961044/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190201070002_13954498/ Fri, 01 Feb 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190201070002_13954498/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190121171124_13941797/ Mon, 21 Jan 2019 17:11:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190121171124_13941797/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190118144526_13940064/ Fri, 18 Jan 2019 14:45:26 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190118144526_13940064/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190111152500_13932440/ Fri, 11 Jan 2019 15:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190111152500_13932440/ <![CDATA[News - Accesso Technology positive on full year outlook as it continues to see strong demand ]]> https://www.proactiveinvestors.co.uk/companies/news/212336/accesso-technology-positive-on-full-year-outlook-as-it-continues-to-see-strong-demand-212336.html Accesso Technology PLC (LON:ACSO) has had a busy past few months, having agreed a series of strategic collaborations with Groupon, Google, Village Roadshow Theme Parks and Merlin Entertainments.

Most recently, the AIM-listed firm said it would implement a combination of its ticketing, guest experience and queuing solutions at The Bear Grylls Adventure in Birmingham in a deal with themepark operator Merlin Entertainments.

The contract, announced last month, represents an expansion of its partnership with Merlin Entertainments, which owns the adventure park that operates activities like indoor skydiving, shark diving and indoor rock climbing.

Peel Hunt recommends 'buy' on accesso

In a note to clients, analysts at Peel Hunt commented: “This new guest journey suite will allow them to be guided through the park, make secure cashless payments, receive marketing offers in real time (potentially personalised over time-based on activity and preference), and claim free photos.

“This, alongside Village Roadshow and Knotts Bury Farm, shows accesso’s growing ability to sell multiple products to clients, combining the underlying software.”

Peel Hunt repeated a ‘buy’ rating and 2,100p price target on accesso shares. 

Accesso expands footprint in Australia

The electronic ticketing and queuing technology firm has also expanded its footprint in Australia through a strategic partnership with another themepark operator in Australia - Village Roadshow.

Village Roadshow already had the accesso Passport e-commerce solution installed at a number of its venues and now plans to combine Passport with accesso’s LoQueue, The Experience Engine and accesso ShoWare at a number of parks, mainly across its Gold Coast properties, which include Warner Bros Movie World, Wet’n’Wild Gold Coast and Sea World (Australia).

Groupon and Google partnerships 

In October, accesso partnered up with Groupon, the e-commerce firm that offers discounts, deals and “money off coupons”.

Groupon is using accesso’s Ingresso distribution platform to give its app users access to ticketing inventory.

The partnership followed a similar collaboration with Google agreed earlier the same month.

This deal allows for the connection of accesso clients with Google users through a new customer engagement channel.

It means accesso clients can make their inventory bookable via Google Search, Maps, and Assistant.

Strong first half, confident outlook 

The series of deals come after a strong first half performance. In the six months to June 30, adjusted earnings (EBITDA) jumped 73.6% to US$15.1mln and revenues gained 16.7% to US$54.4mln.

The firm also ended the period with a net debt of US$11.6mln, down from US$23.8mln in the same period last year.

In its outlook, the firm reiterated its confidence in its expectations for the full year as it pushes into new areas where it sees the potential for organic and inorganic growth.

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Thu, 10 Jan 2019 07:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212336/accesso-technology-positive-on-full-year-outlook-as-it-continues-to-see-strong-demand-212336.html
<![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190104174201_13924863/ Fri, 04 Jan 2019 17:42:01 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190104174201_13924863/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190102070006_13920053/ Wed, 02 Jan 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190102070006_13920053/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214115524_13904560/ Fri, 14 Dec 2018 11:55:24 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214115524_13904560/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214115331_13904553/ Fri, 14 Dec 2018 11:53:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214115331_13904553/ <![CDATA[RNS press release - Block Listing Return ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214092212_13904184/ Fri, 14 Dec 2018 09:22:12 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181214092212_13904184/ <![CDATA[News - Accesso off on a Bear Grylls Adventure ]]> https://www.proactiveinvestors.co.uk/companies/news/211120/accesso-off-on-a-bear-grylls-adventure-211120.html Accesso Technology Group PLC (LON:ACSO) is to implement a combination of its ticketing, guest experience and queuing solutions at The Bear Grylls Adventure in Birmingham.

The contract represents an expansion of its partnership with Merlin Entertainments PLC (LON:MERL), the theme park and leisure activities giant that owns the Bear Grylls Adventure.

READ Accesso Technology reports strong earnings growth in first half

The Bear Grylls Adventure will combine accesso Passport, accesso LoQueue, The Experience Engine and accesso Prism – the wearable device that will be renamed “BearTag” at the Bear Grylls experience.

Upon arrival and check-in, each guest will receive a BearTag loaded with their custom itinerary, which will guide them through their chosen adventures with live messages and reservation notifications throughout their visit. The technology will also enable guests to make secure, cashless payments for meals and merchandise, receive marketing offers in real-time and claim free photos from their experience at the theme park.

Our Dive Instructor Mike just has his first piece of fan mail ???? #DiveIntoAdventure https://t.co/5Pjet9eoBd pic.twitter.com/jYCOccjfM0

— The Bear Grylls Adventure (@theBGAdventure) 11 December 2018

"The technology Accesso provides is truly the future of our industry,” declared James Thomas, the general manager at The Bear Grylls Adventure.

“Through this partnership, we're providing our guests with personalised and unique access to their experiences, whether they're swimming with sharks or free-falling in our indoor skydiving wind tunnel. With just the swipe of a finger on the BearTag touch screen, our visitors have a world of adventure at their fingertips," he said.

This new guest journey suite will allow them to be guided through the park, make secure cashless payments, receive marketing offers in real time (potentially personalised over time-based on activity and preference), and claim free photos. This, alongside Village Roadshow and Knotts Bury Farm, shows accesso’s growing ability to sell multiple products to clients, combining the underlying software.

In a note to clients, analysts at Peel Hunt commented: “This new guest journey suite will allow them to be guided through the park, make secure cashless payments, receive marketing offers in real time (potentially personalised over time-based on activity and preference), and claim free photos.

“This, alongside Village Roadshow and Knotts Bury Farm, shows accesso’s growing ability to sell multiple products to clients, combining the underlying software.”

Peel Hunt repeated a ‘buy’ rating and 2,100p price target on accesso shares, which in afternoon trading on Thursday were 1.6% higher at 1,240p.

 -- Adds analyst comment, share price --

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Thu, 13 Dec 2018 07:25:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211120/accesso-off-on-a-bear-grylls-adventure-211120.html
<![CDATA[RNS press release - The Bear Grylls Adventure ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181213070006_13901896/ Thu, 13 Dec 2018 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181213070006_13901896/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181206172119_13894843/ Thu, 06 Dec 2018 17:21:19 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181206172119_13894843/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181203070007_13887961/ Mon, 03 Dec 2018 07:00:07 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181203070007_13887961/ <![CDATA[News - accesso expands footprint in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/209252/accesso-expands-footprint-in-australia-209252.html Ticketing services and queue-jumping software provider accesso Technology Group PLC (LON:ACSO) has announced a strategic partnership with Australia’s Village Roadshow Theme Parks.

Village Roadshow already has the accesso Passport e-commerce solution installed at a number of its venues and now plans to combine Passport with accesso’s LoQueue, The Experience Engine and accesso ShoWare at a number of parks, mainly across its Gold Coast properties, which include Warner Bros Movie World, Wet’n’Wild Gold Coast and Sea World (Australia).

READ: Accesso Technology reports strong earnings growth in first half

The integration will enable Village Roadshow to gather and exploit preference data relating to individuals in order to improve guest experiences.

“In today's technology-driven landscape, a new bar has been set for the guest experience and, through this integration, we are re-envisioning how operators can make lasting connections with guests," said Paul Noland, the chief executive officer of accesso.

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Thu, 15 Nov 2018 07:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/209252/accesso-expands-footprint-in-australia-209252.html
<![CDATA[RNS press release - Village Roadshow Partnership Expansion ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181115070014_13867625/ Thu, 15 Nov 2018 07:00:14 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181115070014_13867625/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181109164044_13862317/ Fri, 09 Nov 2018 16:40:44 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181109164044_13862317/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181109163530_13862304/ Fri, 09 Nov 2018 16:35:30 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181109163530_13862304/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181107171059_13859071/ Wed, 07 Nov 2018 17:10:59 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181107171059_13859071/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181101070003_13850417/ Thu, 01 Nov 2018 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181101070003_13850417/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181026140146_13844474/ Fri, 26 Oct 2018 14:01:46 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181026140146_13844474/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181022153559_13837902/ Mon, 22 Oct 2018 15:35:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181022153559_13837902/ <![CDATA[News - Accesso signs deal with Groupon ]]> https://www.proactiveinvestors.co.uk/companies/news/207273/accesso-signs-deal-with-groupon-207273.html Accesso Technology Group PLC (LON: ACSO), the technology solutions provider focused on the leisure, entertainment and hospitality markets, has entered into a strategic partnership with Groupon.

Groupon, the e-commerce firm that offers discounts, deals and “money off coupons”, will use accesso’s Ingresso distribution platform to give its app users access to ticketing inventory.

The integration, which will begin in late autumn 2018, will also enable current accesso clients to make their tickets available to a vastly expanded audience, gaining access to Groupon's 49.5 million global active customers.

The partnership comes hot on the heels with a similar collaboration with Google.

READ: Accesso says its users will now be able to book via Google

"We're delighted to be announcing this partnership agreement with Groupon, a globally recognised brand in the eCommerce space. By partnering with Groupon we are responding to consumer demands that want to buy their tickets all in one place, and we are providing the backbone that allows them to do that," said Paul Noland, the chief executive officer of accesso.

Our CEO, Paul Noland, is featured in Blooloop talking about technology in our industry and how it’s redefining guest experiences! https://t.co/pA8xOQlm95 https://t.co/pA8xOQlm95

— accesso Technology (@accessoTech) September 21, 2018

Brian Fields, Groupon's vice president and general manager, said hooking up with Ingress “gives us the ability to leverage our huge presence on mobile to provide the best possible experience for our customers and merchants”.

Shares in accesso were down 20p at 2,590p.

Accesso Technology Group PLC (AIM: ACSO) , announces a strategic partnership with Groupon to utilise the Ingresso distribution platform to connect with some of the biggest names in entertainment and leisure. Good News following on from the tie up with Google!

— John W Kyle (@JWKEdinburgh) October 17, 2018 ]]>
Wed, 17 Oct 2018 09:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207273/accesso-signs-deal-with-groupon-207273.html
<![CDATA[RNS press release - accesso announces partnership with Groupon ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181017070005_13831442/ Wed, 17 Oct 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181017070005_13831442/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181012133449_13827331/ Fri, 12 Oct 2018 13:34:49 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181012133449_13827331/ <![CDATA[News - Accesso says its users will now be able to book via Google ]]> https://www.proactiveinvestors.co.uk/companies/news/206747/accesso-says-its-users-will-now-be-able-to-book-via-google-206747.html accesso Technology Group PLC (LON:ACSO), the technology solutions provider to leisure, entertainment, cultural and hospitality markets, has entered into a partnership with Google.

The collaboration will enable the connection of accesso clients with Google users through a new customer engagement channel.

Specifically, accesso clients will be able to make their inventory bookable via Google Search, Maps, and Assistant. Users will now see a clickable "Find Tickets" button in their search results which links to the Ingresso platform, enabling them to purchase accesso-supported inventory directly through the world's largest search engine.

READ: Accesso Technology reports strong earnings growth in first half

"This partnership demonstrates the progress we are making along our strategic path to transform the fragmented market for the distribution of entertainment and leisure tickets,” declared Paul Noland, the chief executive officer of accesso.

#ACSO Google partnership to connect ‘reserve with google’ with accesso’s ticketing system. Yet to be launched, available through search & maps https://t.co/Dm5m0qigGn

— Mark Spooner (@markds28) October 10, 2018 ]]>
Wed, 10 Oct 2018 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206747/accesso-says-its-users-will-now-be-able-to-book-via-google-206747.html
<![CDATA[RNS press release - accesso announces partnership with Google ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181010070005_13822587/ Wed, 10 Oct 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181010070005_13822587/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181009180840_13822393/ Tue, 09 Oct 2018 18:08:40 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181009180840_13822393/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181001070004_13810047/ Mon, 01 Oct 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20181001070004_13810047/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180924162323_13802570/ Mon, 24 Sep 2018 16:23:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180924162323_13802570/ <![CDATA[News - accesso Technology Group: Eventbrite IPO provides interesting read-across ]]> https://www.proactiveinvestors.co.uk/companies/news/205535/accesso-technology-group-eventbrite-ipo-provides-interesting-read-across-205535.html Broker Numis used the US IPO of Eventbrite (NYSE:EB), the electronic event management specialist, to take a closer look at accesso Technology Group PLC (LON:ASCO), which provides queueing systems for some of the world’s best-known leisure and entertainment giants.

By the end of the week following its New York Stock Exchange debut, the Eventbrite business had grown 50% in value.

READ: Accesso Technology reports strong earnings growth in first half as it continues eCommerce and ticketing technology rollout

“This has an interesting and positive read across to accesso, where key to our positive stance is the significant opportunity in the highly fragmented leisure and entertainment market available to technology companies that can help organisers reach a wider audience and provide a more efficient and elegant experience for its customers,” said the highly respected Numis technology analyst, Tintin Stormont.

“We believe the trends in consumer behaviour and technology being highlighted - whether it’s the shift in consumer preference towards experiences or the use of technology as key enabler in reducing friction in the consumption of live events – are equally relevant to accesso.”

Large and fragmented market

The UK company already has a “proven track record of delivering to the exacting standards” of some of the largest theme park operators in the world – companies such as Merlin and Six Flags, Stormont added.

And she reckons accesso's strong management team is a big plus.

“We remain excited about [its] growth prospects,” the Numis analyst added.

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Mon, 24 Sep 2018 12:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205535/accesso-technology-group-eventbrite-ipo-provides-interesting-read-across-205535.html
<![CDATA[News - Accesso Technology reports strong earnings growth in first half as it continues eCommerce and ticketing technology rollout ]]> https://www.proactiveinvestors.co.uk/companies/news/205194/accesso-technology-reports-strong-earnings-growth-in-first-half-as-it-continues-ecommerce-and-ticketing-technology-rollout-205194.html Accesso Technology Group PLC (LON:ACSO) has reported strong growth in its underlying earnings (EBITDA) for the first half of the year as it continued the rollout of its ticketing and eCommerce technology internationally.

The AIM-listed electronic ticketing and queuing technology firm reported an adjusted EBITDA of US$15.1mln for the period, up 73.6% on the previous year, while its revenues climbed 16.7% to US$54.4mln.

READ: accesso Technology Group’s Prism product could shake up the UK festival market

The firm also ended the period with a net debt of US$11.6mln, down from US$23.8mln in the same period last year.

In its outlook, the firm reiterated its confidence in the expectations for the full year, adding that it was nearing the completion of rolling out its ticketing and eCommerce technology across attractions and theme parks owned by FTSE 250 leisure group Merlin Entertainments PLC (LON:MERL), with the rollout expected to finish this autumn.

Accesso also said that post-period end it had signed a contract with the Perfect North Ski resort in Lawrenceburg, Indiana for its accesso Passport and accesso Siriusware technologies.

The firm’s accesso Prism ride-booking software was also scheduled to replace its Qbot devices at four additional Six Flags theme parks following a successful trial at Six Flags Over Georgia.

Paul Noland, chief executive of Accesso, said the firm had taken “meaningful steps” to enhance the capacity of its ticketing business, which he said was a “central driver” of company growth.

The results are Noland’s first in the role after he joined the company board in February.

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Wed, 19 Sep 2018 07:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205194/accesso-technology-reports-strong-earnings-growth-in-first-half-as-it-continues-ecommerce-and-ticketing-technology-rollout-205194.html
<![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180919070004_13795809/ Wed, 19 Sep 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180919070004_13795809/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180907160515_13783598/ Fri, 07 Sep 2018 16:05:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180907160515_13783598/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180906092934_13781255/ Thu, 06 Sep 2018 09:29:34 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180906092934_13781255/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180904103102_13778115/ Tue, 04 Sep 2018 10:31:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180904103102_13778115/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180903070005_13775524/ Mon, 03 Sep 2018 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180903070005_13775524/ <![CDATA[RNS press release - Notice of Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180828171047_13770383/ Tue, 28 Aug 2018 17:10:47 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180828171047_13770383/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180820151359_13761793/ Mon, 20 Aug 2018 15:13:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20180820151359_13761793/