Describing itself as a “technology innovator delivering Software-as-a-Service solutions for the global marketing and communications industries”, Access Intelligence (ACC) states that it “is pleased to announce a number of contract wins across the globe in the last two months”. So what about these and a current over 3% higher share price response to 79p?
Describing itself as a “technology innovator delivering Software-as-a-Service solutions for the global marketing and communications industries”, Access Intelligence (ACC) has issued a trading update commencing noting “excellent revenue growth of 97% and Adjusted EBITDA ahead of consensus expectations” and concluding that “pipeline remains strong… remains very positive about the opportunity for the company to deliver profitable growth”. So what of a current 63.5p share price…down 27.4%?!
Marketing and communications data technology company Access Intelligence (ACC) has made a trading update headlined “Year to 30 November 2021: a transformative year”. That sounds positive... but the current share price response is to 116.5p, more than 23.5% lower! So what’s the story?...
A “Full year trading update” from Access Intelligence (ACC) includes “excluding the Pulsar acquisition, Adjusted EBITDA is expected to be in the order of £1.1m, in line with market expectations” and “the acquisition of Pulsar, which has expanded Access Intelligence's capabilities in social media analysis, audience segmentation and social media marketing evaluation, is very exciting and integration is progressing well”. The shares have currently responded to 47p... er, more than 12% lower!...
Noting the disclosure that I own shares in AIM-listed Access Intelligence (ACC), so I am talking my own book, I was interested to peruse the numbers for the year to November 2015 as released yesterday. The headline numbers look great: revenue from continuing operations up 89%, recurring revenue from continuing operations nigh-on doubled and there was plenty of cash. How do things look beneath the surface?
It has been quite an odyssey over the past three years for shares of Access Intelligence (ACC) in terms of the extended basing that we have seen, followed by the summer 2015 break to the upside. This could now present an appealing share price target.
While it may not quite be party time as far as the charting position of Access Intelligence (ACC) is concerned, the reality of the recent price action here does give bulls of this stock good reason to be optimistic.
Previously updating on supplier of Software-as-a-Service for the management of governance, risk and compliance, Access Intelligence (ACC) I noted, with the shares at 2.75p, that it now needed to be shown that the company can generate increasing positive cash flows. Until then, the most prudent stance looks to be to take a watching brief. The following updates following a profit warning which currently sees the shares 10% lower today at 2.25p, capitalising the company at £5.3 million.





