Altitude Share Discussion Threads

[mcgrath1959] 12/1/2017 13:53

Blue again wicked !

[the patient investor] 12/1/2017 12:38

lol

you dont waste time

[sheep_herder] 12/1/2017 12:08

Filtered from his second post.

[smithless] 12/1/2017 11:48

Blimey, stick your head in a sand bucket or what! I'm not saying its a basket case, just too much waffle and clarity is needed. Having rose tinted specs is not a good place to be. The deals Altitude have made provide no cash (which it needs), have taken on no risk in the venture. It either works or fails. They have provided nothing. Will these deals make money? Who knows. Nothing wrong with seeing both sides of an argument. I expect blinker vision on the LSE site, but I thought ADVFN members had more brain power...

[ihatemms] 12/1/2017 11:27

Yes - got him on filter also.

[stephen1946] 12/1/2017 11:21

In my opinion, smithless is a plant,not a weed but a company plant. Put here and elsewhere for nuisance value.
The way smithless worships at the altar of FOUR, it would not surprise me to find smithless is connected in some way with FOUR, shareholder or delivery driver or office gopher.

Filter button used, bye bye

[smithless] 12/1/2017 11:14

To add to further contradiction in what terms it has with Aprinta and AI Mastermind. In its interim's it said 'Altitude being remunerated on a rebated or commission based share of throughput revenue' Which one is it? % of gross margin, % of revenue, rebated? commission. As much of the company's market cap is due to Aprinta and AI Mastermind, I think its NOMAD WH Ireland should get clear terms of the agreements from them, because at the moment its misleading the market IMHO AiM panel step forward.

[ileeman] 12/1/2017 09:43

Looks like it needs to consilidate for a day or so before pushing higher. Buy the dips imo.

[smithless] 12/1/2017 08:52

You can also ask the question, why on click to ship announcement 15th Nov it stated % of revenue and on 14 June 5 Aug is states a revenue share of gross margin. Big difference. Which one is true?

[melf] 12/1/2017 07:56

Just a reminder of Jamie Coggeshall's comments when the AIM deal was announced:Jamie Coggeshall, President and AI Mastermind, said, "We are delighted to offer this new solution to our members. We have partnered with Customer Focus on their order management solutions for the last three years and are delighted to now be able to offer this superb new ecommerce website solution that will allow our members easy access to the fastest buying channel. AI Mastermind members already enjoy incredible value for a low monthly fee and they now get the best online shopping experience in the world for no extra charge."

[sheep_herder] 12/1/2017 07:56

No TU today. Shame. Will have to make do with PAYS and SGP.

[ddav] 12/1/2017 07:54

An excellent compilation of analysys shep --- Thank You
My percolator is on!! Smell the coffee !!

[smithless] 12/1/2017 07:43

I maybe old fashion, but an overdraft is still debt, it may not be term debt, but its still debt.

This business model reminds me of Bango, who took a % of a transaction. Years later still making a loss. Without knowing the terms of the deals it is making and what % it gets, how can anyone come up with a discounted cash flow valuation on the new parts of the biz, where 90% of its current valuation is coming from.

I also don't like the number of options floating around, all well in the money.

I remember meeting 4imprint a while back and it said its greatest asset was its network of salesman on the ground, as its customers loved the interaction and it ended up selling more product because of it.

I think the idea is good, but they are not the only ones doing it and at a mkt cap of £50m just looks very high IMHO.

[sheep_herder] 11/1/2017 23:17

Had a reply... he's travelling so will take a look at the weekend. Any answers then need to get approval and anything he answers also has to go up on the IR section of the website so it may take a while.

Let's hope we get a juicy update in the meantime to keep us interested. Not like the share price is doing anything right now anyway....

Thanks all for your help and suggestions.

[sheep_herder] 11/1/2017 22:53

Bombs away...

[sheep_herder] 11/1/2017 22:49

bestace - noted. I'll leave it in there anyway.

[sheep_herder] 11/1/2017 22:47

mrwhippey - good question. I'll add it. Perhaps along with a question about the patent.

[rampmeister] 11/1/2017 22:41

Great job SH - thanks for elevating quality on what is already a very good forum.

RM

[the patient investor] 11/1/2017 21:41

I loved that " preference"!

[mrwhippey] 11/1/2017 21:37

Thanks for compiling the questions SH.

I have one question on my mind that I don't think is covered:

How wide and deep does Martin feel the 'moat' is around Altitudes business model? Competitors are quick to replicate where they see lucrative margins. What is there to stop a competitor finding a way to do the job better or cheaper?

Thanks again SH, much appreciated.

[bestace] 11/1/2017 21:10

In relation to Q19, this was covered in the last interims:

"Included within administrative costs are software maintenance and development costs of £0.4m... In addition, the Group capitalised £0.2m of software development costs... The current level of expensed and capitalised development costs is representative of an adequate maintenance level of expenditure and continuous improvement of proprietary software assets including artworktool."

No harm in challenging him on his figures though - my gut feel is £0.6m per annum looks a bit light.

[melf] 11/1/2017 20:55

Fantastic SH....great work and really appreciated.

[ianfnelson76] 11/1/2017 20:49

Very good sheep_herder, I particularly like the use of Martin's choice word "preference" in the final question :-)