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Investors are queuing up for leisure tech group Accesso

The solutions provider has had a great year, illustrated by its soaring share price
March 18, 2016

E-ticket and 'virtual queuing' provider Accesso (ACSO) had a "cracker" of a year, according to chief executive Tom Burnet. Recent acquisitions, new business wins and growing transactional fees all helped group revenue grow by almost a quarter. A significant jump in profit margins from 42.6 per cent in 2014 to 49.4 per cent last year helped lift adjusted operating profit 45 per cent to $12.6m (£8.9m). All in all, this pushed the shares up 4 per cent on the day its results were released.

IC TIP: Hold at 993p

Mr Burnet is optimistic about the coming year, too, although it's still early days. What helps, he says, is that the Aim-traded company has clear visibility over its revenue stream. Approximately 95 per cent of sales come from the transactional model, which means taking a cut each time a client makes a sale. In terms of further acquisitions, there's nothing on the table right now but the group has renewed borrowing facilities with Lloyds Banking (LLOY), allowing for a $25m drawdown plus an additional $10m for potential M&A.

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