accesso surges as it hails ‘powerful business results’ in 2019
The e-ticketing specialist said it had reached renewal agreements with several clients including theme park owner Palace Entertainment and the Washington State Fair
Company
LON:ACSO
Accesso Technology Group PLC is the leading global provider of patented and award-winning technology solutions that redefine the guest experience, drive increased revenue, streamline operations, and support data-driven business decisions for leisure and entertainment operators. Currently serving over 1,200 venues worldwide, the company invests heavily in research and development to provide venues with technology that empowers them to deliver unforgettable guest experiences.
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The e-ticketing specialist said it had reached renewal agreements with several clients including theme park owner Palace Entertainment and the Washington State Fair
John Alder will continue to serve as accesso's CFO overseeing the company's year-end financial results and to affect an orderly handover
The company's founder has returned to "re-energise the company", which has decided to remain an independent entity
The company said it has received “refreshed indications of interest over the last several months”
The firm said since putting itself up for sale it has received several approaches and is assessing whether any are attractive to shareholders
In July, the company put itself up for sale after it received several bid approaches.
The company said it has received bid approaches from a number of parties
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The electronic ticketing firm said it would supply the NYBG with its Passport, Siriusware and Ingresso products
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Hardware & electrical equipment
"Accesso has an incredible reputation in the industry and the opportunity to continue its upward momentum is very exciting," said Guilfoy
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The Dow Jones suffered a 300 point fall in the first half hour of trading
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The e-ticketing firm said that in the four months to 30 April it had seen “strong demand” for its core ranges and was planning "significant" investments to meet customer demand
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The UK's premier shares index closed up around ten points at 7,320
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From August, the museum will deploy Accesso’s Siriusware and Passport as it looks to improve its ecommerce capabilities and the onsite guest experience
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The company's software will be deployed at the St Louis Aquarium and entertainment complex at Union Station
The City broker's 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
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Hardware & electrical equipment
The group 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
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Mrs May reportedly told MPs that she will resign before the next phase of the Brexit negotiations.
Industry veteran Bill Russell was installed as accesso’s new chairman last month, taking over from long-time boss Tom Burnett
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Accesso said it has entered 2019 in good health with strong positions in its chosen markets and established customer relationships. These customers continue to respond well to the group's increasingly integrated product offering
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The UK index of leading shares closed down over 79 points to 7,093, while the FTSE 250 lost over 274 points at 18,799
Peel Hunt has a ‘buy’ rating and 2,100p price target on accesso shares.
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"As Australia's leading theme park operator, we are committed to seeking out new and innovative ways to drive revenue while delivering unforgettable experiences for our guests," said Bikash Randhawa, the chief operating officer of Village R
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The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
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"This integration through Reserve with Google speaks to the ever-evolving ways guests purchase a ticket to their favourite venues around the globe. As a supported scheduling partner of Reserve with Google, we're excited for this opportunity
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The electronic ticketing and queuing technology firm reported an adjusted EBITDA of US$15.1mln, up 73.6% on the previous year, while revenues climbed 16.7% to US$54.4mln
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The FTSE 100 closed nearly 31 points higher at 7,331, while FTSE 250 added over 42 at 20,500
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There could be a potential uplift of in both revenue and underlying earnings if the firm manages to capture a slice of the UK's 4mln festival-goers
Andy Malpass will take up the role on 26 June 2018, at which time David Gammon will step down as the chair of accesso's Audit Committee but will continue in his role as an independent non-executive director
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The AIM-listed ticketing and queuing software provider said the signing of a “significant” contract with Henry Ford Health System in March 2018 marked a bold new step
The UK blue chip index closed around 18 points higher at 7,877
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It's the first Friday of the month, so naturally much of the attention was on the US non-farm payroll report.
The premier technology solutions provider to leisure, entertainment and cultural markets said Ingresso's financial performance has been in line with the board's expectations
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Its performance was underpinned by new business wins, renewed partnerships, geographic expansion and acquisitions, principally July’s purchase of TE2
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The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.
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"We are cautious about the outlook for the year ahead, but we remain confident that we have the resources and personnel to deliver profitability to our shareholders," Tandem said.
Accesso's TE2 platform will provide the ability for patients to provide a list of care preferences and to order food during their stay
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Investors didn't want to venture into shares today, or outside much in the UK for that matter
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Accesso said Royce Paul Noland Jr. will succeed Steve Brown, who will step down from its board but will continue to serve as an advisor to both Noland and the company throughout 2018
The blue-chip index rose more than 200 points on the week, bouncing back from the recent shake-out
Berenberg's analysts pointed out that accesso's end-to-end technology stack combined with its global footprint positions the group well in a market that is fragmented by product, geography and vertical
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The company said the extension marks another milestone
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The index of blue-chip shares eased off a little in the final half-hour
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Further down the food chain, Avacta, the company behind the Affirma technology - small, engineered proteins that are capable of binding specific molecular targets - got a lift from a research report by Capital Network.
Accesso acquired theme park software business TE2 back in July and so far it has brought in more money and cost less to run that management had planned for
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Britain's blue-chip benchmark finished around 27 points lower at 7,615.
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London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
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“The major driver to our target price increasing from £17.47 to £21.15 is the roll-forward of our base valuation year to reflect a full-year contribution from the Ingresso and TE2 acquisitions”
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Cyanconnode shares powered higher on news of its biggest ever order, which should provide a tonic after half-year results earlier this month showed revenue had almost halved
"Perhaps most pleasingly, we have seen Accesso Prism, our state-of-the-art in-park wearable device, prove itself in its market and demonstrate its versatility as a solution," said CEO, Steve Brown
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