Accesso’s five-year extension to its Cedar Fair contract underpins its long-term growth potential according to house broker Shore Capital.
Berkshire-based Accesso, which claims to have invented virtual ticket queuing, will see its fully hosted ‘Passport eCommerce ticketing suite’ used across all 18 of Cedar Fair’s parks.
In September, Accesso secured a 5-year extension on a deal with Village Roadshow (ASX:VRL), and Shore Cap said this shows “the solutions provided by ACSO have long-term strategic value”.
Shore Cap remains confident its forecast of 8% year-on-year revenue growth will be met and has a 900p target price.