Quality going cheap | Dividend joy
Results and updates covered here include one of the most forthright announcements we have seen from a company in connection with a change of director. Elsewhere, there were positive updates from 2 companies supporting the unloved property sector, both of which have quality attributes belying their lowly ratings – the dividend yields are also attractive, as you discover here.
Accesso: still looking good, but… accesso Technology Group (AIM: ACSO), the provider of ticketing and queuing software and services for attractions and venues, confirmed that trading continues to be strong and it expects to deliver record revenue for 2022 of not less than $139m - ahead of its initial full year expectations. The so-called “Cash EBITDA margin” (a new derivative of the fairy tale EBITDA!) is expected to be no less than 17%, suggesting c$24m or £19.5m. Accesso has staged a strong recovery over recent months lifting the shares to 806p and market capitalisation to c£335m, equivalent to a seemingly…