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Access Intelligence Group - Growing up fast (ACC)     

PapalPower - 29 Dec 2005 09:57

Chart.aspx?Provider=EODIntra&Size=283*18Chart.aspx?Provider=Intra&Code=acc&Size=big.chart?symb=uk%3Aacc&compidx=aaaaa%3A

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.

skyhigh - 01 Aug 2006 10:35 - 91 of 184

'scuse my ignorance but why St Ledgers Day (& when is it anyway?)

Kivver - 01 Aug 2006 11:24 - 92 of 184

Hi Sky, its an old saying in the shares world 'Sell in May and go away until St Ledgers Day''. St Ledgers is actually a famous horse race in September. Its meant to reflect the lower activity seen durung the holiday months. Smaller caps often are overseen in these lull times especially in an uncertain market. Is it true???? working lunch programme has a view:-
http://news.bbc.co.uk/1/hi/programmes/working_lunch/4469277.stm

PapalPower - 03 Aug 2006 00:41 - 93 of 184


Nice article on ACC on http://www.growthcompany.co.uk and a "speculative buy" rating.

skyhigh - 03 Aug 2006 07:14 - 94 of 184

Yes, good article - thanks Papal... shame about the sp this though... best shape the company has been in and nearly the lowest sp ever !.... Good time to top up me thinks as the future looks good.

Kivver - 03 Aug 2006 09:44 - 95 of 184

yea thanks PP!!

PapalPower - 20 Sep 2006 07:28 - 96 of 184

FOR RELEASE 7.00AM 20 SEPTEMBER 2006

ACCESS INTELLIGENCE PLC

Proposed Acquisition of Management Services 2000 Limited

Placing of 25,000,000 new Ordinary Shares at 6 pence per share to raise 1,500,000

Notice of Extraordinary General Meeting

Nominated Adviser and Broker

Corporate Synergy Plc

* Placing of 25,000,000 ordinary shares at 6p per Ordinary Share

* Acquisition of Management Services 2000 ("MS2M"), a developer of compliance
software for the financial services industry, for an initial consideration
of 1.95 million

*
+ 1.45 million in cash (cash consideration 1 million together with an
amount equal to the cash balances of MS2M in excess of 300,000,
estimated to be 450,000)

+ 500,000 in new Ordinary Shares.

+ Deferred consideration based on five times the average operating profit
for the two years ending 31 May 2007 and 31 May 2008 less the amount of
the initial consideration

+ Total deferred consideration not exceeding 2.5 million.

* MS2M generated operating profits of 104,000 on a turnover of 607,000 in
the year ended 31 May 2004 and profits of 299,000 on a turnover of
893,000 in the year ended 31 May 2005. It has recurring revenues of
approximately 300,000 per annum.

Jeremy Hamer, the Chairman of Access Intelligence, commented:

"The acquisition of Management Services 2000, known as MS2M, is, we believe,
another excellent acquisition for Access Intelligence. It has a blue chip
client base among some of the leading banks, building societies and financial
institutions.

With the increasing compliance requirements both in UK and the European Union,
we believe that MS2M has tremendous growth opportunities particularly in the UK
where its "Virtual Compliance Officer" helps companies comply with the
Financial Services Authority's regulatory requirements.

The Group's existing businesses are performing well and the we believe that
they have exciting growth prospects."

skyhigh - 20 Sep 2006 08:20 - 97 of 184

Good news.... seems like a smart move opening up lots of new potential...however, not sure if this is the correct assumption to make but they seem to have paid alot for it...and, without any incremental growth etc., would take 5yrs+ before the're in pocket....

market dosn't seem too impressed either... sp bid gone back down..

silvermede - 20 Sep 2006 09:40 - 98 of 184

Well this was the deal that Brendan Austen spoke to me about at Master Investor 2006 (1 Apr 06). I note skyhigh's concerns about time it will take to profit the group. Any other views?

2517GEORGE - 20 Sep 2006 10:59 - 99 of 184

The max. cost to ACC appears to be just below 4.5 spread over 2 years. Good margins @ MS2M so the key is growing the T/O. I assume that the profit (if any) for the year to 31st May 06 will go into ACC's cofers. (When are they due? ) Also with an increased client base the prospect of cross selling services adds to the attraction. Management have added and bedded in previous acquisitions, so I for one am happy to give them the benefit. Only downside is the slight dilution but @ 6p that's nothing alarming, I suppose the question of why MS2M are happy to sell when their results must be due soon could be a worry. All IMHO of course.
2517

silvermede - 02 Oct 2006 17:21 - 100 of 184

PP, just a point of note: Tom Winnifrith (t1ps) has just bought into ACC as a very long term hold.

skyhigh - 02 Oct 2006 17:58 - 101 of 184

thanks for the heads up!.... be prepared for a drop then.?

silvermede - 18 Oct 2006 13:06 - 102 of 184

On the move again.

kimoldfield - 18 Oct 2006 13:23 - 103 of 184

Any reason that you know of Silvermede?
kim

One2Watch - 18 Oct 2006 13:41 - 104 of 184

Kim

Tipped by Winnie on Stockmarket-channel.tv




silvermede - 18 Oct 2006 14:08 - 105 of 184

Tom Winnifrith also bought in personally as a long term hold.

PapalPower - 18 Oct 2006 14:10 - 106 of 184

It is a nice little company, and anything under 10p, in view of a long term hold, is cheap IMO.

kimoldfield - 18 Oct 2006 14:15 - 107 of 184

Thanks folks; only have a 3k holding but have been looking to top up for a while.
kim

silvermede - 18 Oct 2006 14:15 - 108 of 184

Forecasts from Digital Look:

Forecasts:
Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
30-Nov-06 4.00 0.61 0.69p 9.6 0.0 +230% n/a 0.0%
30-Nov-07 5.00 0.94 0.85p 7.8 0.3 +23% n/a 0.0%


Very Low PEG in 07 of 0.3

silvermede - 23 Oct 2006 08:26 - 109 of 184

Directors Buying, although in relatively small amounts:

Director Acquired Total Holding

Brendan Austin 108,334 3,031,649 2.76%
Colin Davies 41,667 2,574,259 2.34%
Jeremy Hamer 108,334 2,237,100 2.04%
Ian Savage 51,667 209,667 0.19%


Access Intelligence PLC
23 October 2006


FOR RELEASE 7.00AM 23 OCTOBER 2006


ACCESS INTELLIGENCE PLC

('Access Intelligence' or 'the Company')

(Software and computer services group providing critical and legislative driven
services to both public and private sectors on a recurring revenue basis)



DIRECTORS ACQUIRE 310,002 ORDINARY SHARES


The board of Access Intelligence announces that it has been notified that
further to the share placing on Tuesday 17th October 2006, the following
directors have acquired a total of 310,002 ordinary shares at 6 pence per share
and are interested in the following number of ordinary shares in the Company:

Director Number of Shareholding Percentage of
ordinary shares following the total ordinary
acquired placing shares in issue
Brendan Austin 108,334 3,031,649 2.76%
Colin Davies 41,667 2,574,259 2.34%
Jeremy Hamer 108,334 2,237,100 2.04%
Ian Savage 51,667 209,667 0.19%


For further information:


Access Intelligence plc
Jeremy Hamer (Chairman) 01904 520840
Brendan Austin (Chief Executive) 01904 520840
Colin Davies (Finance Director) 01904 520840

Corporate Synergy Plc
Rhod Cruwys / David Seal / Shane Gallwey 020 7448 4400

Cubitt Consulting
Brian Coleman-Smith / Allison Reid / Leanne Denman 020 7367 5100


Background Note:


Access Intelligence has three operating divisions:


Data backup and recovery


* 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 1.25 million per annum.


* Backup and Running, now based within Willow Starcom, provides an
online data storage and disaster recovery service, which the client can
customise 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.


Compliance software


* 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. It's software is used widely in the local authority sector. It
is the principle supplier to Police Authorities through the Blue Light Portal
and also the Regional Fire and Rescue Authorities.


* MS2M, based in York, develops compliance software for the financial
services industry. It has a number of products, the most notable of which is its
'Virtual Compliance Officer', which assists companies to comply with the
Financial Services Authority's ('FSA') regulatory requirements in a number of
areas including, Retail Mediation Annual Reporting and Senior Management
Arrangements, Systems and Controls. MS2M charges a licence fee and recurring
support revenues on a per seat basis. Typically new contracts are three years in
length and renewable thereafter. The company has approximately 20,000 seats
being used by organisations such as the Royal Bank of Scotland Group, the
National Australia Banking Group and other financial institutions. The directors
believe that the increasing compliance requirements both in the UK and the
European Union will continue to fuel growth.


Marketing services and information


* 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.


* 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.


silvermede - 24 Oct 2006 09:40 - 110 of 184

ACC tipped by Rob Cullum of UK-Ana1yst - Trendwatch.co.uk in their free tip of the day. Initial Tgt 10p or above.

When tipped the shares were at 6.75p, this gives a prospective p /e of under 10 for this year and 7 thereafter.
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