Proactiveinvestors United Kingdom Accesso Technology Group PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Accesso Technology Group PLC RSS feed en Mon, 17 Jun 2019 07:48:53 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - accesso rises as it clinches three-year partnership deal with New York Botanical Garden ]]> https://www.proactiveinvestors.co.uk/companies/news/222037/accesso-rises-as-it-clinches-three-year-partnership-deal-with-new-york-botanical-garden-222037.html accesso Technology Group PLC (LON:ACSO) shares rose on Thursday after it signed a three-year partnership with The New York Botanical Garden (NYBG) to supply its Passport, Siriusware and Ingresso products.

The electronic ticketing firm said the NYBG would use the Ingresso distribution platform to expand its sales reach into international channels such as Groupon and TripAdvisor, while the Passport and Siriusware products, used in tandem, would provide a seamless experience to end-users while also allowing NYBG to gain “incremental revenues” and insight into visitor behaviour.

READ: Accesso appoints travel industry veteran, John Guilfoy as its chief operating officer

Based near The Bronx, the NYBG attracts over 1mln visitors each year and is one of the world’s largest plant research and conservation programmes.

"With Accesso's holistic approach to the specific needs of cultural sites and institutions, we think we're the perfect partner for the New York Botanical Garden”, said Paul Noland, chief executive of accesso.

The shares were up 1.4% at 715p in late-morning trading.

--Adds share price--

]]>
Thu, 13 Jun 2019 08:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222037/accesso-rises-as-it-clinches-three-year-partnership-deal-with-new-york-botanical-garden-222037.html
<![CDATA[RNS press release - 3-year partnership with New York Botanical Garden ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190613070016_14109075/ Thu, 13 Jun 2019 07:00:16 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190613070016_14109075/ <![CDATA[RNS press release - Block Listing Return ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190613070015_14109058/ Thu, 13 Jun 2019 07:00:15 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190613070015_14109058/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190603070007_14095149/ Mon, 03 Jun 2019 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190603070007_14095149/ <![CDATA[News - Accesso appoints travel industry veteran, John Guilfoy as its chief operating officer ]]> https://www.proactiveinvestors.co.uk/companies/news/221286/accesso--appoints-travel-industry-veteran-john-guilfoy-as-its-chief-operating-officer-221286.html Electronic ticketing company accesso Technology Group PLC (LON:ACSO) has appointed travel, technology and financial services veteran John Guilfoy as its chief operating officer.

Guilfoy will be responsible for the day-to-day operational management of the company, driving sales and leading the development of accesso's new scalable and unified product portfolio.

He will be based in Lake Mary, Florida, and will report directly to accesso's chief executive officer, Paul Noland.

READ accesso jumps as it sees strong start to 2019

He brings more than 23 years of experience in the travel, technology and financial services sectors leading a diverse set of teams across sales, marketing, product, operations and partnerships.

From 2011 until he joined accesso, he served in various senior executive roles at TravelClick, a high-growth eCommerce software-as-a-solution provider to hotels, which was acquired by Amadeus for US$1.5bn.

“John's vast experience and expertise in operations, combined with technology expertise, made him the outstanding candidate for the role. John's experience and his strength in managing a wide range of teams make him the right choice to help us drive both business and customer success,” said Noland.

]]>
Fri, 31 May 2019 08:13:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221286/accesso--appoints-travel-industry-veteran-john-guilfoy-as-its-chief-operating-officer-221286.html
<![CDATA[RNS press release - Appointment of COO ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190531070003_14093217/ Fri, 31 May 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190531070003_14093217/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190521182212_14082525/ Tue, 21 May 2019 18:22:12 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190521182212_14082525/ <![CDATA[News - accesso jumps as it sees strong start to 2019 ]]> https://www.proactiveinvestors.co.uk/companies/news/220652/accesso-jumps-as-it-sees-strong-start-to-2019-220652.html accesso Technology Group PLC (LON:ACSO) shares jumped on Tuesday after the firm reiterated its full year expectations following a strong start to 2019.

In a trading update ahead of its AGM on Tuesday, the ticketing and ecommerce services provider said that in the four months to 30 April it had seen “strong demand” for its core ranges with its accesso Passport and Siriusware products now operating in tandem at 13 locations worldwide with several other planned before the end of the year.

READ: Accesso wins multi-product contract with New Orleans’ National WWII Museum

The company also said the integration of its Accesso Passport and TE2 systems was being rolled out across 10 locations owned by US theme park group Cedar Fair after a successful integration at its Knotts Berry Farm theme park.

Across the rest of its divisions, accesso said its Guest Experience segment had traded well at the start of the year, while there was stronger than expected performance from its Ticketing division, although this was offset by the slower than expected roll-out of distribution activities in North America, and as such the segment traded in line with expectations.

Looking ahead, the company said that it was making “significant” investments into the integration of its products in order to meet increased consumer demand, adding that by broadening its range of solutions it would be able to “unlock additional cross-sell and up-sell potential”.

Overall, the company said it was “encouraged” by the trading so far this year and remained confident in its full year outlook.

In a note to clients, analysts at Peel Hunt said the Cedar Fair roll out following the Knotts Berry Farm trial showed the “potential” of the company’s product once its different solutions were “fully modular, customisable, and integratable”.

In early trading, accesso shares were 2.8% higher at 812p.

--Adds broker comment and share price-- 

]]>
Tue, 21 May 2019 07:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220652/accesso-jumps-as-it-sees-strong-start-to-2019-220652.html
<![CDATA[RNS press release - AGM Trading Statement ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190521070009_14080940/ Tue, 21 May 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190521070009_14080940/ <![CDATA[News - Accesso wins multi-product contract with New Orleans’ National WWII Museum ]]> https://www.proactiveinvestors.co.uk/companies/news/220384/accesso-wins-multi-product-contract-with-new-orleans-national-wwii-museum-220384.html Accesso Technology Group PLC (LON:ACSO) has agreed a new three-year partnership with the National WWII Museum in New Orleans, which will see it provide ticketing and ecommerce services.

From August, the museum will deploy Accesso’s Siriusware and Passport solutions.

READ: Accesso hails St Louis deal

The Siriusware software will be the backbone of the museum’s admissions process, giving visitors a “hassle-free ticketing experience”, while providing the museum with valuable guest metrics.

As for the accesso Passport suite, that will give the museum chance to upsell and cross-sell its products when guests log onto its website.

Accesso said this kind of multi-product deployment is “increasingly typical” of how clients are looking to engage with it.

“Through the joint deployment of our innovative Accesso Siriusware and Accesso Passport solutions to support ticketing, admissions and eCommerce, we're freeing up the museum's team to focus on what they do best,” said Accesso chief executive Paul Noland.

In afternoon trading, shares in accesso Technology were 1.9% higher at 810p, with analysts at ‘house’’ broker Peel Hunt reiterating a price target of 1,145p and a ‘buy’ rating on the stock.

 -- Adds share price and broker price target --

]]>
Thu, 16 May 2019 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220384/accesso-wins-multi-product-contract-with-new-orleans-national-wwii-museum-220384.html
<![CDATA[RNS press release - Multi-product contract with National WWII Museum ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190516070004_14075829/ Thu, 16 May 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190516070004_14075829/ <![CDATA[RNS press release - Grant of Awards to Directors under the LTIP ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190514070011_14072451/ Tue, 14 May 2019 07:00:11 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190514070011_14072451/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190503120922_14062768/ Fri, 03 May 2019 12:09:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190503120922_14062768/ <![CDATA[News - accesso Technology hails St Louis deal ]]> https://www.proactiveinvestors.co.uk/companies/news/219540/accesso-technology-hails-st-louis-deal-219540.html accesso Technology Group PLC (LON:ACSO) said its software will be deployed at the St Louis Aquarium and entertainment complex at Union Station in the US city.

It is teaming up with zoOceanarium Group, a zoo and aquarium developer, and Lodging Hospitality Management, a hospitality group, for the roll-out.

accesso’s Siriusware technology will be used to power the destination's behind-the-scenes tours and animal encounters, in addition to general admission at the two-story, 120,000-square-foot aquarium, which is opening this winter.

Once the busiest terminal in the world

"Union Station was once one of the busiest rail terminals in the world. Today, it's a living piece of St Louis history,” explained accesso chief executive Paul Noland.

“Through this agreement, our partners at zoOceanarium Group and Lodging Hospitality Management have allowed us to help usher the station into the future, with our streamlined feature-rich solutions.

“We are honoured to be partnering with these organisations at the ground floor and can't wait to watch history in the making as we begin writing the next chapters of Union Station's story together."

Financial terms of the deal were not disclosed.

]]>
Thu, 02 May 2019 07:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219540/accesso-technology-hails-st-louis-deal-219540.html
<![CDATA[RNS press release - accesso Siriusware contract win ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190502070005_14060254/ Thu, 02 May 2019 07:00:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190502070005_14060254/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190501070003_14058330/ Wed, 01 May 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190501070003_14058330/ <![CDATA[RNS press release - Notice of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190423070008_14047522/ Tue, 23 Apr 2019 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190423070008_14047522/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190418161359_14047005/ Thu, 18 Apr 2019 16:13:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190418161359_14047005/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190418070007_14045554/ Thu, 18 Apr 2019 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190418070007_14045554/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190408070007_14031680/ Mon, 08 Apr 2019 07:00:07 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190408070007_14031680/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190405142138_14031216/ Fri, 05 Apr 2019 14:21:38 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190405142138_14031216/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190402070021_14024590/ Tue, 02 Apr 2019 07:00:21 +0100 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190402070021_14024590/ <![CDATA[News - accesso Technology raised to ‘buy’ from ‘add’ by Peel Hunt to reflect current valuation and future prospects ]]> https://www.proactiveinvestors.co.uk/companies/news/217523/accesso-technology-raised-to-buy-from-add-by-peel-hunt-to-reflect-current-valuation-and-future-prospects-217523.html Peel Hunt has raised its rating for accesso Technology PLC (LON:ACSO) back to ‘buy’ from ‘add’ in the wake of the e-ticketing firm’s recent full-year results, to reflect the group's current valuation and future prospects.

The City broker reduced its target price for the AIM-listed firm to 1,145p from 1,200p, with the shares currently trading at 845p, up 2.6% on Thursday’s close.

READ: Accesso sees 2019 organic growth similar to 2018 levels after strong underlying full-year earnings

In a note to clients, analysts at the City broker said they had also trimmed their sales forecasts for accesso by 4% over the next three years and, alongside increased investment, reduced their underlying earnings (EBITDA) estimates by 20%.

They said the reduced revenue numbers are backed up by a review of accesso’s top three clients’ 2019 strategies, but exclude the impact from its recent new deals and so are on the cautious end.

The analysts pointed out that the group’s re-platforming strategy will increase its ability to fulfil future deals in a more timely and cost-efficient way.

Meanwhile, they said, their new US$3.4bn TAM (total available market) figure provides comfort for headroom even though it is likely to be more aspirational, given the group is partially creating this market with its TE2 experience engine business.

The analysts noted continued words of praise from accesso’s top clients, with Merlin Entertainments PLC (LON:MERL) calling accesso’s technology ‘the future of our industry’.

They also pointed out that on their new price target, accesso trades on 3-times sales, in line with its peers, or a 5% underlying free cashflow yield in 2020.

]]>
Fri, 29 Mar 2019 11:16:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217523/accesso-technology-raised-to-buy-from-add-by-peel-hunt-to-reflect-current-valuation-and-future-prospects-217523.html
<![CDATA[News - Accesso Technology making "decent progress" despite headwinds; Canaccord sees “significant potential upside” ]]> https://www.proactiveinvestors.co.uk/companies/news/217440/accesso-technology-making--decent-progress--despite-headwinds-canaccord-sees-significant-potential-upside-217440.html Accesso Technology Group PLC (LON:ACSO) is an AIM-listed firm providing ticketing e-commerce, virtual queuing and guest experience solutions.

The company has active subsidiary companies in several countries, including the USA and Canada, and operates in the leisure, entertainment and cultural markets for customers as varied as Wet ‘n’ Wild Las Vegas and the Calgary Philharmonic Orchestra.

On its website, accesso says: “Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.”

Blue Sky:

Canaccord Genuity UK upgraded its rating for accesso to ‘buy’ from hold’ following the e-ticketing and guest experience firm’s recent full-year results, as it sees “significant potential upside” for the stock.

In a note to clients, the Canadian broker’s analysts said that, notwithstanding a tumultuous second half, the AIM-listed firm’s 2018 results reflected “decent progress despite various headwinds”.

They pointed out that, in their view, the headwinds have been amply reflected in the over 70% share price decline by accesso from a September 2018 peak.

The analysts noted that: “In-year weather challenges (this remains a very US summer-centric business), a growing preference for season pass protocols which are changing park attendance behaviour (bad for LoQueue), alongside other one-off impacts all put pressure on growth budgets.”

They pointed out that those headwinds were well captured by acesso’s 2018 organic revenue growth of 7.8%, which comprised an 18.3% increase in Ticketing & Distribution offset somewhat by an 11% decline from Guest Experience.

Deeper granularity welcomed

The analysts noted that accesso’s five acquisitions since 2012 have added diverse revenue models and market dynamics making enhanced disclosure “appropriate”.

They added: “Deeper granularity alongside more vision with regard to organic versus inorganic performance drivers should be broadly welcomed.”

The Canaccord analysts also noted that: “Not before time Accesso is now seeking to extract more revenue and cost synergies through improved integration of its six solution assets. To date less than 5% of customers take more than one product.”

They pointed out: “This requires ‘a more unified, efficient and flexible’ software architecture which will be both more scaleable and faster to implement.

“While we do not pretend to know the coding challenge (or ultimate cost), the strategic ambition to deliver a more open platform makes definitive sense in our view.”

The analysts said the factors above demand sizeable downgrades, with around 10% taken off the top line but about 50% chopped from the net income level.

Target price down to 1,400p

As a result of the downgrades, the Canaccord analysts cut their target price for accesso shares back to 1,400p from 3,000p, with the stock currently trading at 840p, up 3.7% on Wednesday’s close, having dropped in the previous session.

They pointed out that at their new target price, accesso’s shares would trade on 3.1 times full-year 2020 EV/Sales and 13.3 times EV/EBITDA, while their US SaaS (software-as-a-service) cohort trades on a median EV/Sales of around 7.4 times.

The analysts said, in their view, this “wide delta may attract a predator.”

They concluded: “High repeatable revenues (c75% of Group), high gross margins (c72%) and market-leading application footprint might all appeal to a PE (private equity) buyer for example.”

]]>
Thu, 28 Mar 2019 13:45:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217440/accesso-technology-making--decent-progress--despite-headwinds-canaccord-sees-significant-potential-upside-217440.html
<![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190327174735_14018458/ Wed, 27 Mar 2019 17:47:35 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190327174735_14018458/ <![CDATA[News - Accesso sees 2019 organic growth similar to 2018 levels after strong underlying full-year earnings ]]> https://www.proactiveinvestors.co.uk/companies/news/217310/accesso-sees-2019-organic-growth-similar-to-2018-levels-after-strong-underlying-full-year-earnings-217310.html Accesso Technology PLC (LON:ACSO) has guided towards 2019 organic growth similar to that seen in 2018, in-line with consensus expectations, as it posted strong underlying full-year earnings and revealed plans to increase investment.

The AIM-listed ticketing, guest experience and queuing solutions provider reported 36.5% growth in adjusted underlying earnings (EBITDA) to US$34.8mln for the year ended 31 December 2018, as revenue increased by 15.5% to US$118.7mln.

READ: Accesso Technology positive on full year outlook as it continues to see strong demand

The group pointed out that the results were stated before one-off exceptional costs of approximately US$1.7mln, relating to professional fees associated with a significant and well-advanced acquisition opportunity, which was ultimately terminated by Accesso’s board in October 2018.

The company saw organic revenue growth of 7.8% - excluding the impact of 2017 acquisitions - supported by the continuation of a strong Ticketing and Distribution performance, up 18.3%, although Guest Experience revenue declined 11% due to weather and changing park visitation patterns.

Accesso ended the full-year with net cash of US$0.5mln and said it has entered 2019 in good health, with strong positions in its chosen markets and established customer relationships.

Paul Noland, Accesso’s chief executive officer commented: "2018 has been another year of global expansion at Accesso. Our progress continues to be driven by the variety of solutions we have to offer and our relentless focus on delivering excellent service and support.”

He added: “Our customers are asking us to bring even more flexibility, integration and scalability to the products and services we offer. As such, and in order to accelerate future growth, we will invest where necessary to maintain our market leadership and to ensure we capitalise on customer demand for our products, as either an integrated or as an individual solution."

Increased investment as expected for Peel Hunt

In a note to clients, analysts at Peel Hunt said: “The company has heightened its investment to provide accelerated performance from 2020 onwards.

“It will see an increase in its investment for 2019 of between $7mln-$10mln, to between $36mln-$39mln, to focus on its newly estimated $3.4bn addressable market.”

They pointed out that they already have investments of $40mln marked in after downgrading its numbers for Accesso, while the amount to be capitalised will be 60-65%, in-line with their 63%.estimate.

The analysts said they will retain an ‘add’ rating on Accesso for the time being and a target price of 1,200p, with the shares currently trading at 740p, down 13% on Tuesday’s close.

 -- Adds analyst comment, share price --

]]>
Wed, 27 Mar 2019 08:51:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/217310/accesso-sees-2019-organic-growth-similar-to-2018-levels-after-strong-underlying-full-year-earnings-217310.html
<![CDATA[RNS press release - PRELIMINARY RESULTS ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190327070005_14016918/ Wed, 27 Mar 2019 07:00:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190327070005_14016918/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190326092105_14015886/ Tue, 26 Mar 2019 09:21:05 +0000 https://www.proactiveinvestors.co.uk/companies/rns/574/LSE20190326092105_14015886/ <![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.

]]>
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.


 

]]>
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.

]]>
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 --

]]>
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