Access Intelligence Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9456557 http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=9456557&action=detail Tue, 20 Mar 2012 19:30:00 GMT Gosanke tag:iii.co.uk,2003:tst.9456303 rodgivad By rodgivad ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=9456303&action=detail Tue, 20 Mar 2012 18:15:00 GMT rodgivad tag:iii.co.uk,2003:tst.8912772 http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8912772&action=detail Fri, 04 Nov 2011 08:58:00 GMT Lion Rock tag:iii.co.uk,2003:tst.8781260 Friday 23 September 2011
http://bit.ly/mXqPDx

Access Intelligence (ACC) Buy
(22 September) The Company announced that trading across the Group continues in line with current market expectations with no material impact in lower profit performance from Cobent since its acquisition in March 2010. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8781260&action=detail Fri, 23 Sep 2011 21:36:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8684486 "Access Intelligence has today been informed that on 19 August 2011 Jeremy Hamer, Executive Director, acquired 400,000 ordinary shares of 0.5 pence each ("Ordinary Shares") at a price of 2.4 pence per share for his SIPP.

Following this purchase, Jeremy Hamer's total beneficial interest is 5,991,762 Ordinary Shares, representing 2.33% of the current issued share capital of the Company."

By Lion Rock ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8684486&action=detail Thu, 25 Aug 2011 09:12:00 GMT Lion Rock tag:iii.co.uk,2003:tst.8596390 ')" target="_new" rel="nofollow">http://www.cityequities.com/en/Small-Cap-Weekly-Review/scr-Issue-46.html
Access Intelligence (ACC) Buy
(27 July) the Company announced that it made reduced pre-tax profit of £21,0000 for the half year ended 31 May 3011, compared with £470,000 previously, adding that it will continue to look for acquisition opportunities. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8596390&action=detail Sat, 30 Jul 2011 07:39:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8584325 27/07/2011 Ben Jaglom
http://www.growthcompany.co.uk/news/1643768/access-remains-upbeat.thtml


AIM-quoted software play Access Intelligence (ACC) reported a slip in pre-tax profits for the six months to May amidst a tightened public sector market and troubles at its Cobent operation.

The company, which specialises in SaaS (Software as a service) in the area of risk and compliance for a number of public and private sector clients saw profits sink from £351,000 to £21,000, primarily due to losses at its compliance training outfit Cobent, which reported operating losses of £229,643 and a one-off 'reorganisation charge' of £201,590. Sales fell from £4.137 million to £4.03 million.

Access' other software divisions include AIMediaComms - which provides software to a number of PR and media relations companies with customer wins over the period including commodities giant Trafigura and the Student Loans Company. Access remarked that budget cuts 'have resulted in a slight retraction in user numbers.'

At Due North, its e-procurement operation whose customers include the Metropolitan Police and the Bank of England, it remarked that its efforts to build a private sector base are 'gaining momentum'. Meanwhile at M2M, its employee monitoring software that assesses factors such as the number of customer complaints dealt with Access enthused that its 'strong relationships' with RBS and Aviva have been maintained.

Speaking to Growth Company Investor chairman Michael Jackson remarked that the company is 'on our way to fixing the problems' noting that the management team of Cobent has been replaced and a new CEO has been installed. He noted that while there had been no contract losses 'in certain cases contracts have had to be cancelled as the entity no longer exists' as cuts to the public sector continue.

Looking forward he identified the key targets for the company as being to 'bring Cobent into break-even and then profitability' and to grow private sector sales in particular to Due North and AIMedia.

Analysts at Northland Capital are forecasting pre-tax profits of £510,000 (2010: £1.37 million) on sales of £7.3 million (2010: £8 million) for the year to November 2011. In 2012 its sees profits climbing to £1.2 million on revenue of £8.2 million. EPS of 0.16p and 0.3p are forecast for 2011 and 2012. A dividend per share of 0.2p and 0.1p is pencilled in for 2011 and 2012, respectively.

Last recommended by Growth Company Investor last August at 4.38p the shares have since slipped to 3.25p. The fall in profits is disappointing but at the lowly price if Access is able to generate further private sector wins and improve Cobent's prospects the shares could have further to go. We therefore rate the shares as a speculative buy.

Tags: Access Intelligence, Public sector cuts, SaaS, Software business

Sector: Software & Computer Services

Companies: Access Intelligence By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8584325&action=detail Wed, 27 Jul 2011 12:10:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8584244 http://uk-analyst.com/shop/page-advice/action-advertorial.show/id-130013146

Analyst: Philip Morrish
Email: philip.morrish@gecr.co.uk
Tel: 020 7562 3362


Access Intelligence* - Stronger Group Emerging; Maiden Dividend; Reiterate Buy
Key Data

EPIC

ACC

Share Price


3.125p

Spread





2.75p - 3.5p

NMS





10,000

12 Month Range





2.75p - 5.625p

Total No. of shares





257.27 million

Market Cap





£8.04 million

Market





AIM

Website





www.accessintelligence.com

Sector





Compliance Software Solutions

Contact





Michael Jackson (Chairman)
Jeremy Hamer (FD)
020 7400 0485


Access Intelligence, a leading supplier of governance, risk and compliance solutions via Software-as-a-Service (‘SaaS’) this morning released results for the six months ended 31st May 2011 that reflected the well flagged impact of repositioning Cobent for growth but not the disposal of Solcara for £2.5 million in cash to Thomson Reuters, which occurred after the reporting period. Additionally, following an earlier balance sheet restructuring to eliminate the deficit on distributable reserves, the group is paying a maiden dividend of 0.1p and likely to pay 0.2p for the current year, which at the current share price places the stock on an attractive 6.4% yield.

Headline revenue fell 2.5% from £4.137 million to £4.030 million of which Solcara contributed £0.458 million. Nevertheless, the gross profit margin widened from 61.4% to a healthy 69.0% resulting in the gross profit increasing from £2.541 million to £2.779 million. However, the underlying operating profit (i.e., before £0.202 million of Cobent restructuring charges) slumped from £0.668 million to £0.293 million. The comparable period included £0.120 million of acquisition expenses while net finance expenses edged lower from £0.078 million to £0.070 million resulting in the reported pre-tax profit dropping from £0.470 million to £0.021million or earnings per share of 0.22p and 0.01p respectively.

Despite the problems at Cobent, the group’s other operations all performed well with continued demand for their products and services. The SaaS e-procurement and contract management solutions division has continued to win new business including University Hospital Birmingham, London Borough of Waltham Forest, Investec, Age UK and the British Heart Foundation. The Training & Competence division is composed of two businesses – Cobent and MS2M. The problems at Cobent have been well publicised and are being vigorously addressed. A new management team has been installed under new CEO, Heath Williams, who joined last May from the LMS company Plateau. While it is still too early for him to have had an impact, he is determinedly implementing earlier management actions that included consolidating the business into one office, completing a selective redundancy programme as well as recruiting key personnel. Reassuringly, the existing customer base is renewing contracts but the team has yet to rebuild the pipeline of new opportunities and, therefore, the business is unlikely to breakeven on a monthly basis until the first quarter of 2012. On the other hand, MS2M, which monitors the life cycle of an employee within an organisation, tracking performance against KPIs, continues to make good progress due to the increasing pressures upon the financial services industry to comply with the Financial Services Authority’s Retail Distribution Review. The Media & Communications division successfully launched a new product Vuelio that broadens the service offering beyond a narrow media relations focus to encompass all stakeholder interactions that protect reputation and maximise value. Additionally, the division has retained its market leadership position within the public sector and secured 13 new SaaS subscriptions although overall there has been a slight fall in user numbers du By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8584244&action=detail Wed, 27 Jul 2011 11:54:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8524886 http://t.co/FkEZRMn via @Stockopedia

Tuesday, Jul 12 2011 by LCF Research
Access Intelligence, the compliance Software as a Service (SaaS) buy and build led by former Sage Group chairman Michael Jackson, announced the sale of Solcara to Thomson Reuters for a cash consideration of £2.5 million. It was acquired in November 2008 for £750,000. Two products acquired with Solcara were transferred to other Access Intelligence subsidiaries (leaving Solcara a 'legal market specialist') and do not form part of the current sale. For the year to November 2010, Solcara achieved sales of £750,000 and operating profit of £19,000.

Access Intelligence also reported that the interim results to May 2011 are anticipated to show EBITDA of at least £430,000 (2010: £704,000), before an exceptional charge of £202,000 relating to reorganisation costs at Cobent, which has still to return to profit. Significant progress has been made in reshaping Cobent, including the appointment of a new CEO in May 2011.

Period end net cash was £2.7 million.

The ACC share price has decreased by 15% over the last year.

Access Intelligence Plc is currently graded b by LCF Research. To learn more, follow the link.

http://www.stockopedia.co.uk/clicks/?url=http://www.lcfresearch.com/ By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8524886&action=detail Tue, 12 Jul 2011 17:21:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8515490 http://j.mp/p8a7eA via @AddToAny By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8515490&action=detail Mon, 11 Jul 2011 06:58:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8487319
And the other posts below are right - this is a cheap undiscovered gem.

In their 2010 accounts issued last month they reported:
Group turnover increased by 38% to £7,974,381
Like for like sales growth was £ 1,239,913 up 21%.
Adjusted profits from trading activities up 153% to £1,479,960

How many companies can show figures like those?

All before the sale of Solcara for £2.5m.

A market cap of £7-£8m just seems remarkable value

Regards
Gus
By GusinLondon ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8487319&action=detail Mon, 04 Jul 2011 15:27:00 GMT GusinLondon tag:iii.co.uk,2003:tst.8485704 http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8485704&action=detail Mon, 04 Jul 2011 10:28:00 GMT bonnie_man tag:iii.co.uk,2003:tst.8485581 http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8485581&action=detail Mon, 04 Jul 2011 10:09:00 GMT AndyRB tag:iii.co.uk,2003:tst.8452635 rodgivad By rodgivad ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=8452635&action=detail Mon, 27 Jun 2011 09:47:00 GMT rodgivad tag:iii.co.uk,2003:tst.7920910
"The directors are unable to recommend the payment of an ordinary dividend. However, it is the board's intention to begin dividend payment in the future and it will be seeking the authority of shareholders at the forthcoming General Meeting to authorise the capital reorganisation that will be required to allow such payments to begin."

Look like a major restructure to me to reduce number of shares in issue to something manageable? By sneaker ]]> http://www.iii.co.uk/investment/detail?code=cotn:ACC.L&display=discussion&id=7920910&action=detail Mon, 07 Mar 2011 11:54:00 GMT sneaker