Altitude Share Discussion Threads

[malcolmmm] 30/1/2017 09:42

looks like they are short of stock

[the patient investor] 30/1/2017 09:17

Stephen

u r a wnker

Imho

Dyor

[parvez] 30/1/2017 09:15

MMs bidding for 25k and offering 5k so short of stock IMHO and have been shaking the tress last few trading days unless anyone thinks otherwise?

[stephen1946] 30/1/2017 09:01

The CEO has moved upstairs to enable 2 things to happen. As ceo MV has a responsibility to run the company in an orderly fashion, whilst doing that he was also jetting backwards and forwards to the states doing deals and setting up the stateside operation that will have to grow out of all proportion now ALT have these deals in place, with more to come.

A new ceo can concentrate on the business in hand and not be distracted.

As President, MV now has a clear desk, nothing to distract him from securing even more new contracts.

All the market has seen is CEO gone? SELL.

MV has done the best thing for ALT. Nobody can do 2 jobs effectively for long, i think he will deliver, sooner, rather than later. Imho.

[bestace] 29/1/2017 20:13

The way I see it, the legacy exhibitions business is ticking over enough to pay the bills, ongoing software costs and other central costs. Cash balances had increased at the half year point compared to the last year end point so cash burn isn't really an issue.

There may be some costs associated with the roll out of so many websites, but part of the business case is that by using the Altitude software they are dead simple to set up and configure. If that was an issue for cash burn I think we would have been told as much. The business model is such that cash should start rolling in soon after websites go live.

"we have built contingency into our resource planning" to me implies they think they have sufficient cash resources to finance the roll out, which further implies no need for further equity fundraising.

[buzztrader] 29/1/2017 19:11

"11. We are currently a small business with limited resource but fortuitously with numerous exciting opportunities and options. Our team therefore prioritise and focus solely on those opportunities which will truly "move the needle" in terms of shareholder value, rather than be diverted by short term "one off" opportunities.12. We want to be clear in this area, we are confident that our strategy is right, we know that strategic changes almost always takes a bit longer and probably costs a bit more than planned, however, we have built contingency into our resource planning."I read it differently but then that's my view :-)

[sheep_herder] 29/1/2017 17:32

buzz, no idea why you're worried about the cash burn. I thought they were making a profit and have already stated that the 400K is enough to see them through. But if you dont' believe them, then you are free to worry. :-)

[webster32] 29/1/2017 17:05

There's a lot of backward looking comments in that article, buzztrader. Other than acknowledging that the company has 'growth potential' where's the forward looking analysis?

Attributing recent share price gains to "a shift in strategy that’s focusing on ‘right-sizing’ the business" seems to miss the big picture. As valuable as cost-cutting is that certainly didn't spark my interest in this stock.

[rampmeister] 29/1/2017 16:58

I wouldn't set much store by Motley comments they are usually way behind the curve imv.

RM

[buzztrader] 29/1/2017 16:43

In any case, I think we all believe in the vision at some level or the other, otherwise we won't be on this board. So let us hope we continue to exchange views and refrain from personal remarks. "If someone isn't what others want them to be, the others become angry. Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own." ? Paulo Coelho, The Alchemist

[buzztrader] 29/1/2017 16:38

Not sure whether that was posted before.It has been excellent posts so far. @bestace superb post regarding the barriers to entry. IMHO, this is a fragmented market with the company having fragmented news as well. That is because it is in a nascent stage.I believe there is no point in releasing RNS's with no substance in it.There appear to be two camps here. One which wholeheartedly believes in the vision of the management and the other who are a bit cautious. Both however want the company to succeed.I think unless there is some prospective numbers,we will have to look at the historicals which are not great.@ sheep herder The cash burn is a worry for me coz there is only 400k cash resources, a point made in the statement by Mr Halkett as well. As is of all tech cos, it is always a concern whether revenues come in first or cash burns out first. You obviously believe in the first and I hope it does too. However, having invested a fair bit in such cos, I am cautious.The barriers to entry was for other cos entering the market and I think Bestace covered it so well so no point in repeating it.

[saturn5] 29/1/2017 15:58

We are all in this to make money and
so its understandable that we wish to see the share price going upwards
We rely on the good posters who have expert knowledge to keep us duly informed.
I bought original on the basis of a great candle chart but that
was a mistake.
I can hang on until the share price comes good again

[revoman] 29/1/2017 14:48

Very well put. If we knew all of the facts then this by definition wouldn't actually be a punt.

[allstar4eva] 29/1/2017 11:02

The weird thing is that this is speculative with potentially huge rewards if the company is successful however some people seem to want some kind of certainty. Numbers etc - if we had that and those numbers were good we would not be able to buy for £1 today. You either think this is a good bet on the info we currently have available or you don't. By all means calculations etc are helpful but if some are worrying excessively then they have invested more than they can afford to lose.

[stephen1946] 29/1/2017 10:47

Strange attitudes prevail on here.

Would somebody explain why on earth ALT should divulge the sensitive nature of their plans going forward?

It is customary, as ALT have done, to outline the why's and the where fors of what has occured and what the future hopes are, but details? I think not.

I await details of whatever deals are signed and sealed plus an update whenever available on numbers achieved in current operations. You either express confidence and faith in the board or sell up.

One thing that does jump out of company facts and figures is, Institutional backing;
There are 6 with a total of 25.09% as of may 2016, by the CEO previous standards in earlier companies this is lightweight and of those 6, none could be said to be heavyweight. M.V. is a darling of institutions having delivered huge % gains for the investments of some of the UK's largest investment institutions. My guess, fwiw, is a major or maybe a couple of major, well known names are circling overhead.
It was also worth noting MV's dismissive answer to a question relating to "is a take over of ALT possible" it was, "not for £5 a share" my thoughts? Has he had án offer for £5 a share?

Lots of ponderables, all positive, great business, great prospects. Imho.

[robbnw] 29/1/2017 10:45

Exactly sheep herder Bit like brexitI was a remainer originally but now do we want one deal with the eu or to be able to trade freely with the bigger wider world

[sheep_herder] 29/1/2017 10:24

I thought I'd already made notes on the type of deals. The reasoning given was that the deals were overly complex to negotiate because the suppliers weren't prepared to give details of their earnings. Without those details, I'm guessing it makes it more difficult to structure a deal.

It's moot anyway. They know that they're looking at more like 20% for future deals and they still state that with 5 deals they have enough to hit their targets.

I think this boils down to the same issues ARM had in trying to explain a lower royalty for their smaller CPUs that would ship in higher quantities. It's a positive, not a negative.

Do you want 2 deals with a 50% profit share or 5 deals with an average of 32% but an available market that is 150% bigger?

[robbnw] 29/1/2017 00:26

Webster I think you are overthinking this The new management is strong Let's give them time They know what they have to do and they'll do it That was clear at the presentation

[webster32] 28/1/2017 23:37

I’m puzzled as to why future deals might not be on terms as strong as the Aprinta deal.

Surely with such a large number of distributors already able to take advantage of ALT’s software solution via Aprinta, the pressure must be on the other promotional product suppliers to strike a similar deal. If they don’t and the software proves popular among the distributors and their customers, then over time, the suppliers run the risk of losing distributors and customers to Aprinta.

On the other hand perhaps ALT have concluded that signing deals rapidly is more important than getting the best terms. If so, that suggests to me that we won’t have to wait very long before other deals are announced, albeit on lower margins than the Aprinta deal.

Thoughts anyone?

[melf] 28/1/2017 14:52

No not what I was expecting and it would be nice to see MV's part of the presentation.

[ihatemms] 28/1/2017 12:45

If 5 contracts is the target and we already have 2 ( AIM & Aprinta ) you can be pretty sure the target will be met over the next few months wih the ' strong pipeline ' they have- management don't state targets unless they're 99% certain they will be met. We know one is mooted to be bigger than the Aprinta deal. Only question is really when we will get the announcements ?And furthermore if Aprinta alone gives you ridiculous profits imagine the impact of more - even possibly bigger contracts . And we haven't even got close to entering Europe yet!

[the patient investor] 27/1/2017 23:54

They are hiding

[ihatemms] 27/1/2017 22:55

The chairmans opening remarks from the Ricoh are now on the Alt website. Not quite what I was expecting but tells you the priorities of the company and the opportunity available.

[the patient investor] 27/1/2017 18:07

Im unhinged