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magazineAccesso eyes festivals queue-busting opportunity
Accesso (ACSO:AIM) £26.40
Gain to date: 60%
Original entry point: Buy at £16.50, 20 July 2017
Shares in attractions software supplier Accesso Technology (ACSO:AIM) have shot more than 12% higher in the past week or so, leaving the stock not far shy of its £27.60 all-time high.
Apparently a stock trading technical issue was behind the jump. Without labouring the details, some stock seems to have been mis-priced temporarily, and as normal trading resumed the share price adjusted back to the market level.
Helping feed investors’ optimism towards the Accesso growth story was a note from analysts at Peel Hunt this week hinting that the arts and music festivals space may be the next target niche ripe for Accesso’s form of technological disruption.
It certainly suffers from the long queues Accesso’s other target markets try to manage, such as theme parks and tourist attractions.
With festival-goers willing to spend up to several hundred pounds over a weekend, Peel Hunt argues that an extra £25 on an Accesso Prism wearable device could be a big hit. ‘We’d argue £25 for a
queueless/cashless product letting you know when your burger is ready or when the next toilet is free, is worth getting a potential six hours back over a weekend.’
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