Shore Capital analysts have reiterated their buy rating for Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF), a technology provider to theme parks and visitors attractions, following today’s impressive trading update that underscored a revenue beat and strong cash flows.
Shore cap upgraded its cash EBITDA for full-year 2023 by 7% to $24mln, with a forecast of 6.6% revenue growth.
Revenues are expected to be offset by the anticipated normalised revenue mix and acquisition-related costs, earning per share of 23.2p and a net cash position of £88mln.
“If momentum continues into the first quarter, the forecasts could be considered overly cautious and Shore plans to review its figures alongside further detail in March,” said the analysts.
ACSO share were changing hands at 809.3p with a market capitalisation of £336mln as of January 31.