PUNT OF THE WEEK: Aim-listed Accesso provides technology to prevent queue jumping at events
What is it?
An AIM-listed company that provides tickets and queuing technology to some of the world’s biggest theme parks, museums and popular attractions – from Legoland to Six Flags and Universal.
What’s the latest?
Sales from its main queue-jumping technology division have plunged to almost zero since late March when lockdown restrictions kicked in.
It has cut jobs, furloughed half of its 568 staff and says it has enough cash to last until autumn if measures ease in late summer.
Who backs it?
Liontrust is the largest shareholder with a 14 per cent stake. Other big-name institutions including Jupiter, Blackrock, M&G and Fidelity are all top-ten backers.
Why should you invest?
Peel Hunt – which has an ‘add’ rating on the stock – believes Accesso’s virtual queuing Prism technology could be in high demand as it would ensure social distancing.
And why shouldn’t you?
The leisure sector’s downturn could last much longer than expected and any second waves of the coronavirus could add to the strain.