Accesso Technology Group (ACSO)

Sector:

IT Services

Index:

FTSE AIM All-Share

262.50p
   
  • Change Today:
    -7.50p
  • 52 Week High: 1,104.30p
  • 52 Week Low: 141.13p
  • Currency: UK Pounds
  • Shares Issued: 41.19m
  • Volume: 8,414
  • Market Cap: £108.12m

Accesso warns FY estimates heavily dependent on lockdowns finishing

By Iain Gilbert

Date: Monday 27 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Electronic ticketing company Accesso Technology said on Monday that its full-year trading outlook remained dependent on if and when British theme parks and attractions would be able to reopen during summer.
Accesso anticipates that demand will likely rebound "strongly" once the Covid-19 pandemic passes but stated that it was in the middle of a "constructive discussion" with an existing credit provider to increase its liquidity headroom in the meantime.

While the AIM-listed firm, which posted a 72% revenue drop in April alone, stated its current cash balance of $19.5m would see it through to autumn, Accesso said it had still taken steps to cut its operating costs to $2.6m a month and was also considering additional funding options.

The company also noted that all of its expectations hinged on how soon its partner sites can reopen, as well as how quickly visitor volumes recover.

Chief executive Steve Brown said: "Having started the year strongly, we are now acting decisively to manage our cost-base while this situation endures.

"We have sufficient liquidity in place to manage a range of forward-looking scenarios, and we are considering further options to ensure the company is fully prepared should the impacts extend beyond the range of our current expectations."

Separately, Accesso announced it had appointed Fern MacDonald, who joined the group as senior vice president of finance back in May 2018, as its chief financial officer - with immediate effect.

As of 1300 BST, Accesso had slumped 10.26% to 175p.

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ACSO Market Data

Currency UK Pounds
Share Price 262.50p
Change Today -7.50p
% Change -2.78 %
52 Week High 1,104.30p
52 Week Low 141.13p
Volume 8,414
Shares Issued 41.19m
Market Cap £108.12m

ACSO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.81% above the market average48.81% above the market average48.81% above the market average48.81% above the market average48.81% above the market average
85.42% above the sector average85.42% above the sector average85.42% above the sector average85.42% above the sector average85.42% above the sector average
Price Trend
87.98% below the market average87.98% below the market average87.98% below the market average87.98% below the market average87.98% below the market average
92.23% below the sector average92.23% below the sector average92.23% below the sector average92.23% below the sector average92.23% below the sector average
Income Not Available
Growth
88.98% below the market average88.98% below the market average88.98% below the market average88.98% below the market average88.98% below the market average
89.25% below the sector average89.25% below the sector average89.25% below the sector average89.25% below the sector average89.25% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ACSO Dividends

No dividends found

Trades for 08-Jul-2020

Time Volume / Share Price
11:13 1,309 @ 257.25p
11:00 1,000 @ 265.00p
10:54 1,882 @ 265.00p
10:51 1,500 @ 260.00p
10:46 1,000 @ 260.01p

ACSO Key Personnel

CEO Steve Brown
CFO Fern MacDonald

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