Access Intelligence has five operating subsidiaries:

* The Marketing Guild, based in York, which provides marketing advice
and support to small and medium sized businesses. This is in the form of
newsletters, consultancy, lead generation and member's services.
http://www.marketing-guild.com

* Wired Gov, based in Stockport, provides an online information service
delivering press releases from over 100 government and public sector
bodies. Subscribers can customise the service specifying the agency or
topic they require.
http://www.wired-gov.com

* Backup and Running, based in York, provides an online data storage and
disaster recovery service, which the client can customize to their own
requirements. The service offers significant advantages over other
alternative systems in that it backs up automatically and can provide a
complete backup history for at least three years.
http://www.backupandrunning.co.uk


* Willow Starcom (Ridgeway Technologies), based in Chorley, provides
specialist IT services across a broad range of market sectors that
include data storage, backup and recovery, network design support and
consultancy and hardware and software maintenance support services. It
has growing recurring revenues from these activities of over 1million
per annum.
http://www.willowstarcom.co.uk


* Due North, based in Newcastle-Upon-Tyne, is a developer and provider of
e- commerce solutions, primarily to the public sector and emergency
services. The range of products includes an e-tendering module combined
with an e-auction module.
http://www.due-north.com


Access Intelligence is a group of companies delivering a range of business
critical support services to private and public sector organisations.
The team of Directors, Jeremy Hamer, Brendan Austin, Colin Davies, Ian Savage
and Alwin Thompson, has extensive experience in making successful acquisitions
while simultaneously driving organic growth: in less than two years since
flotation, Access Intelligence has acquired and successfully integrated five
businesses in four different market segments.

The Group Today

Today, Access Intelligence is a technology-based Support Services Business. It
harnesses the power of internet-based Information and Communication Technologies (ICT) to deliver vital information and support services. Specifically these are:

* Digital marketing services and business development support.
* Online and offline data storage back-up and retrieval
* Sourcing and procurement software for both buyers and suppliers in
industry and local government
* Electronic news and current awareness digests of Government initiatives,
policies and finance affecting business, the professions and the public sector

The Business Model

The majority of the Group's income is from repeating revenues delivered through
recurring contracts ranging between one and five years. This model provides
excellent visibility of future revenues and, with effective customer retention,
outstanding gross margins over the longer term.

The Strategy for Growth

The strategy is to acquire businesses which have good management and high growth potential that fit the revenue model while, at the same time, adding value to the Group's existing services.

The businesses acquired will have substantial autonomy to develop within budgets
agreed with the Group Chief Executive and Finance Director, whilst benefiting
from the experience and cross selling opportunities provided by being part of an
expanding group of companies.

At this stage of the Group's development, the Central Group Executive Team,
which is based in York, will be kept to a maximum of four people, including
support staff. The Non-Executive Directors will continue to be involved in
sourcing and evaluating potential acquisitions and monitoring the performance of
the Group.

the up tick didn't last long did it ? disappointing considering all the "hype"
Will place this on the back burner for now...

Director buy at 8p :)

And now the latest update from www.armshare.com :

"The company broker's note dated 8th March projects EPS of 0.75p for 2005/6 and 0.85p for 2006/7 representing P/Es of 10.3 and 9.1 respectively based on the share price of 7.75p at 8th March. The company is going through a classic phase where it is just moving into profit, the bottom line figures are tiny and the City gets bored, particularly as the AIM universe gets bigger - these situations create attractive opportunities for alert and patient private investors - Access is one such opportunity."

A bit in the Independent today on ACC :

http://money.independent.co.uk/personal_finance/invest_save/article351905.ece

"My success with GSC has, however, been nullified by the performance of Access Intelligence, an online support services group. I paid 9p for the shares; they are now 6.5p. But I am staying on board; it is a promising enterprise. And I believe it will eventually deliver. The year's results were not too bad, although below my expectations. I'd anticipated a "true" pre-tax profit. But the ubiquitous goodwill amortisation charge (here, 185,000) had to be logged in, and a 175,000 "profit" became a 10,000 loss.

Still, the figures represent a sharp improvement on the previous year. And progress is likely to continue. The company's City adviser, Corporate Synergy, is looking for profits a little above 600,000 this year, with 940,000 likely next. If it is on target, the shares are cheap. Certainly one of the directors, Colin Davies, thinks they are worth picking up - he paid 8p a time to lift his interest to 4 per cent.

Access put through two acquisitions last year and I would not be surprised if more were clinched. It is a lean, mean tiddler with a head-office staff of just four and a capitalisation of less than 4m."

sounds encouraging for the future... Although disappointed with the SP since results I'll continue to hold...and maybe top up at these levels...

Good post from GHF :

You may be interested in "Shares" update on 16/3/06:-

"Access Intelligence (ACC:AIM) Finals PTP: -0.01m (-0.381m) Divi: n/a (n/a)
Those investors who dumped Access Intelligences shares on the day of
the results may not look so clever if the company can build on the
foundations laid in 2005, when it made two key acquisitions and
continued to build a subscription-based revenue model.
The York-based company pocketed Ridgeway and Due North for a
maximum 4.65 million last year and is already reaping the benefits. Due
North bagged its first private sector deal for its e-commerce package and
Ridgeway has been merged into ACCs existing data storage and recovery
arm, Backup and Running, opening up new client opportunities.
CEO Brendan Austin told Shares, Theres a strong compliance side to
companies data storage and retrieval fears and there are lots of external
factors that should drive growth for the foreseeable future.
Austin cites regulatory developments for banks, such as Basel II and
Sarbanes-Oxley, and the one to three-year duration of the companys
typical licences means it can now bank recurring revenues 2 million a
year, with the potential for more to come.
Further acquisitions may be on the cards but Austin pointed out, We
have a large recurring revenue base and, given the good gross margins
here, there is no reason why we will not pay out a dividend in time.

■ Shares says: The shares still lie below the 10p level at which
the company raised 3 million in November 2004 but those
recurring revenues mean patience could be rewarded.

Just received a tip-sheet recommending ACC - Target price for December 2006 14.5p

Just out from uk-analyst.com email 2nd/April/06 :

http://www.uk-analyst.com/ and http://www.ukmicrocap.com/default.asp


Buy Access Intelligence

Argues Newly launched UKMicrocap.com

The Investment Case: Access Intelligence has established a business which is profitable, cash generative and - having covered its central fixed costs - operationally geared. Two acquisitions have been made since the company floated on AIM and we believe that more are in the pipeline. If the cash on the balance sheet is deducted from the market capitalisation the company trades on a 2006 price earnings ratio of 7.6, falling to just 5.4 (despite an increased tax charge). The shares are far too lowly rated and are a buy.

Company Description: Based in York, Access Intelligence is building a portfolio of assets which provide businesses and local authorities with IT related services which are predominantly subscription based. The company listed on AIM in November 2003 and a year later raised 3 million pounds at 10p per share when its three operations provided marketing advice (The Marketing Guild), provided e-mail management for those seeking access to public sector press releases (Wired-Gov) and a disaster recovery service for small corporates (Backup and Running). Those old core businesses are profitable but not heavily so and were not - on their own- able to cover the group overhead. Hence in June 2005 Access purchased Ridgeway, a provider of specialist IT services for the backup and storage of data for 700,000 pounds. And in July it paid 1.5 million pounds to buy Due North which is a developer of e-commerce solutions primarily for local Government and for the emergency services.

These two acquisitions are both significant in terms of scale. Both businesses were profitable in the period prior to acquisition and of the 4.5 million pounds group sales forecast for the current financial year we expect 3.5 million pounds to have come from the acquisitions with 2.5 million pounds of that generated by Ridgeway.

Key Data

Spread: 6.5- 7.25p
Market Capitalisation: 4.4 million pounds
Net Cash Estimate: 600,000 pounds
Ticker: ACC
Contact: CEO Brendan Austin 01904 520840

Financials: Access published its results for the year to November 30th 2005 on March 8th. It should be remembered that the two large acquisitions made no contribution during the first half. Hence 2006 is likely to see a significant ramp up in sales and profitability thanks primarily to these acquisitions, albeit with net interest income likely to fall. The board confirmed on March 8th that Access is trading in line with market expectations and that means that it is also delivering some organic growth across all of its businesses. Our forecasts assume that Access makes no further acquisitions and thus continues to earn a modest interest income. In fact we consider that unlikely and expect that Access will make a number of acquisitions over the next two years using cash, debt and - when its own rating improves - its own equity as the currency.

The company did not pay tax in 2004 and paid only a modest sum in 2005. We expect the tax rate to be 20% in 2006 and from 2007 it to be a "normal" 30%. This rising tax rate serves to reduce the rate of stated earnings growth between 2004 and 2007. Our forecasts exclude goodwill amortization and the forecasts below are those of UKMicrocap.com and have not been approved by the company.

Management: Access was reversed into a cash shell and that explains the presence of serial corporate operator Jeremy Hamer on its board as chairman. However the key figure is CEO Brendan Austin - a capable and safe pair of hands. We have met with Austin on a number of occasions are reassured that he has a keen grasp on his business and has the vision to grow it via acquisition as well as organically but will not overpay for that growth.

Bull Points

*A strong and cautious management team, motivated to succeed by owning a 15% stake in the business. Finance director Colin Davies bought 200,000 additional shares after the final results..

* The company has net cash and is both profitable and cash generative.

* The company will grow its top line this year both as a result of organic growth and thanks to having a full contribution from the acquisitions of 2005

* The subscription based model means that a large portion of revenues are recurring

* Customers are in local government are recession resilient.

* With the corporate fixed overhead now covered, Access is operationally geared.


Bear Points

* The company is overly dependent on one senior manager Brendan Austin..

* The company operates from a number of sites which is not necessarily the most efficient way to cross market.

* Small business customers are not recession resilient.

Valuation and 1 Year Target: It is our belief that 2006 and 2007 will see a sharp uplift in sales as Access benefits from the acquisitions of 2005 and delivers some, modest, organic growth. We have not included assumptions about further acquisitions in our forecasts but expect them to happen and to enhance earnings (the Due North deal was 47% earnings enhancing). We believe that a business, demonstrating strong and consistent growth in the IT sector and which is cash generative merits a valuation of at least 12 times prospective earnings, plus net cash. We assume that during 2006 Access will generate cash an will end the year with net cash of c850,000 pounds of cash - worth 1.3p per share. On that basis our December 2006 target price is 14.5p.

Assessment: We believe that there is a share overhang in this stock caused by a number of charities given stock pre IPO wishing to sell. This is holding back the share price and masks the fact that Access is delivering on its chosen strategy, has a good visibility of earnings, is delivering impressive earnings growth and has a strong cash position. At 6.875p these shares should be bought at once

UKMicrocap was launched yesterday and is published by the six top tipsters working for t1ps.com Ltd. It covers only stocks valued at less than 6.66 million pounds. The membership of this site is restricted to just 200 members so that each subscriber has a realistic chance of accessing these most dynamic of small cap investments at, or close to, the tip price.

pp,

I spoke with Brendon Austin at Master Investor 2006 on Saturday and he has another acquisition lined up which he says is a perfect fit for the group as whole and is very complimentary to what they are doing. But of course a deal isn't a deal until signed and accepted by shareholders etc etc. But with the new Tip from the T1ps.com spin off UKMicrocap with the target of 14.5p (By Xmas in Tom Winnifrith's view) things are looking better. Hopefully the stock overhang caused by certain charities selling will quickly clear. Good luck to all.

Thanks SM.

L2 now 3 v 1 8/9

At last! the SP turns good.. now just above breake even... if it doubles from here in the next 6-9mths then good show. bring it on! (although horrified by the reference to Tom W..(usually the kiss of the death!)

I don't think I'll ever understand shares properly, 7 trades, all positive and the bid price is dropped 0.75p. I guess the mm's are having fun.
2517

ditto, how do u work out when or if the mm's are avin a laff or it is genuine???

not good good George as you say but.... good time to get some more... this'll drift for a few months then pick up over the summer towards the next results.. It'll come good.. (imho)

skyhigh, I'm sure it will come good, I am in profit with these but I think there is far more to come imo. I believe it's one of many excellent co's that suffer because they are under researched and not on the map as it were.
2517

oh, just ignore me why dont ya, im not bitter!

Kivver, I'm not ignoring you, like yourself, I don't know. It would be nice to figure out the MM's mind, perhaps that's the answer - nobody knows.
2517

After more than 220k buys & no sells we are back to where we started this morning hmmm.
2517

Looks like people got more and the price went up..Peeps have this on the watch list and are diving in when it drops... as you say.... hmmmmm

lets hope the expectation of this share will be realised i have no doubt the company will flourish but will the market regonise it? Always a danger with smalll cap shares.

encouraging hike in the bid this morning.... wonder what's been going behind the scene this week to make it go up & down like a yo-yo!