Market's view on Access Intelligence
Published on April 2024
- Concerns were raised about directors and staff being allocated significant shares, which could be perceived as a misuse of funds, especially given the company’s poor performance and heavy cash consumption.
- Doubts were expressed regarding the amount of research and development costs that are being capitalised, suggesting possible financial mismanagement.
- Comments highlighted a tendency of the management to focus on appearances rather than substantive financial improvement.
- Observations were made on the lack of detailed financial information in recent announcements, which only included names but no concrete numbers or progress indicators.
- Discussions pointed out the ongoing issues with liquidity and the general stagnation of the company’s market activity.
- Questions were raised about the justification and effectiveness of an incentive program that appears to primarily benefit directors financially.
- Notable is the reduction in holdings by significant shareholders, suggesting a potential loss of confidence in the company’s future prospects.
- Forecasts predict a significant increase in turnover following an acquisition, with profitability expected in the coming years, showing some watchers remain optimistic about future growth.