Good morning! It's Paul here.

I'm hoping to report on up to 6 companies today, as noted in the header.

I'm moving house this week, so things are a bit chaotic (more so than usual anyway). I'm being distracted by having to do tip runs, and pack away my remaining possessions into cardboard boxes. It's ridiculous all the junk we accumulate over a few years, isn't it?


accesso Technology (LON:ACSO)

Share price: 1895p (up 1.6% today)
No. shares: 22.5m
Market cap: £426.4m

AGM trading statement - the company describes itself as - " the premier technology solutions provider to leisure, entertainment and cultural markets". It provides things like electronic queuing systems for theme parks, ticketing, and an increasing range of complementary services.

Its update today covers the first 4 months (Jan-Apr inclusive) of this financial year, ending 31 Dec 2017. The business is heavily skewed seasonally to the summer, so there's not usually much to report on at this time of year.

It sounds like things are progressing well;

"I am happy to report that the first part of the 2017 financial year has started strongly, with all parts of the business generating good momentum... 


There's more detail in the announcement, which you can read if you're interested, but it all sounds positive.

The conclusion is;

It is still early in the season and, as is normal, less than 20% of the year has been traded to date. Nevertheless, the strong start gives the Board confidence in the Group's outlook, with expectations for the year remaining unchanged.


So it's an in line update.

Let's have a look at the Stockopedia graphical history;


5923faf0ec78aACSO_graphs.PNG


NB. The company reports in US dollars, so the figures above are in dollars/cents.

Graph 1 - a good progression in revenues, some organic, some from acquisitions.

Graph 2- steadily rising net profit, with significant forecast growth in 2017 & 2018 (the lighter coloured blobs are forecasts, darker coloured blobs are actuals)

Graph 3 - a similar story with EPS growth. Note that the company has expanded whilst issuing relatively few new shares - a very good thing. The StockReport shows 17.6m shares in issue in 2011, and the most recent figure is 22.5m. That's not bad, considering how…

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here