Attraqt Share Discussion Threads

[the prophet] 05/2/2016 00:15

For 2014 the revs were £2.1m and they quoted an exit rate of £2.36m, which was a fairly modest uplift on the 2014 figure.I guess if they come in anywhere around the £3m revs for 2015, then that would represent 40%+ growth in revenues.To do £5m this year would probably represent 66%+ growth, that's going it. Mind you, if they are talking about accelerating growth with the funds raised, then it may be reasonable to expect a figure north of 40%.

[cyberbub] 04/2/2016 23:25

I think the key thing is not the full year results, but the 'exit rate' (ie. run-rate) that they usually quote which is helpful. For example, £2.8M revenues for the year, but the December exit rate might be £300K per month, or £3.6M p.a. looking forward.Personally I am hoping to see closer to a £5M+ revenue for 2016.

[the prophet] 04/2/2016 16:01

cheers for the info, cyberbub. Yes, could well be a good buying opp.One would hope some interest is generated around the time of the annual results, but I'm happy to sit and wait, possibly a top up, but I may wish to see the future forecasts first.
They were talking about 'accelerating' development with the recent funds, just like to see how they think that will translate into the numbers. My guess would be a muted effect this year, as there is bound to be a lag from overheads increasing due to extra sales staff and the sales those staff will bring, with a beneficial effect next year.
I'm looking to see how beneficial, in terms of the forecasts.

[cyberbub] 04/2/2016 15:45

The trade was timed today and doesn't appear to have been 'worked' over a few days, because I can buy 45k shares in one go... at 55p! Even 10k shares is 55p. The MMs will surely have to drop that a bit to get people to buy? Could be a good buying opportunity though, for people willing to wait a year or two... IMO

[the prophet] 04/2/2016 15:41

They should have tried to get them placed, seeing as there were a number of institutions happy to take up shares @ 52p in the recent placing.

Sounds like someone probably had a problem elsewhere and just had to liquidate something, ATQT being the unlucky 'something'.

MMs will now sell 'em back and make a nice turn.

[cyberbub] 04/2/2016 15:37

Jeez what was someone thinking? They must have been totally desperate!

[the prophet] 04/2/2016 15:25

re final results, given as the overwhelming majority of revenues are monthly recurring, I don't think there is that much room for surprises, up or down.

The Singer broker note last Autumn called for revs of £2.8m for 2015,with a reduced loss of £0.3m pbt.

I'm sure Azini did their DD on ATQT and everything is in order. Plenty of cash now to really push on with their expansion plans.

[the prophet] 04/2/2016 15:14

looks like somebody was desperate, 70K sell @45p? wtf!

[the prophet] 04/2/2016 14:46

tightly held, MM's don't seem to want any stock, a few piddly sells , £3.5K's worth, enough to knock 4p off the share price

Still, should work the other way round when ATQT comes to attention.

edit, make that 5p.

There's only been a few sales/buys since New Year, there's been about 5,000 buys and 16,000 sales. So in an illiquid stock such as ATQT, down she goes. None of which detracts from the investment case, but it's always good to have a pleasant journey!

[cyberbub] 04/2/2016 14:41

Hmm.... This is a bit disappointing?

[the prophet] 01/2/2016 14:51

hi cyberbub

Re tangible assets, yes, I would think it's best not to own your own server farms and I think the offices are rented, so apart from a few bits and bobs, they don't need too much in the way of tangible assets, that would be my take.

I think ATQT are in a really good business area and if they can use the cash raised recently to good effect, well, the world could be their oyster.

[cyberbub] 01/2/2016 13:54

Hopefully Prophet!One thing I did find odd in their last accounts is the very low tangible assets? I suppose they may be outsourcing all their server farms etc, but even so it seems a very low figure.At least they don't seem to be doing excessive capitalisation of development spend, which is common with software companies.NAI

[the prophet] 01/2/2016 13:07

looking forward to the full year results and also the forward looking statements.last year results were out very quickly, end of Feb, so possibly out in a few weeks time.

Also noticed from the ATQT web-site they plan 'more offices on the way soon'.



A question of managing the expansion process, but there are several factors I like here:

1)Azini taking a >30% stake is a very positive sign that this is a business going places

2)The recent recruitment drive, think it was around 10 positions, they wouldn't be taking on this sort of numbers if the business was not there

3) The average 23% increase in revenues that adopting ATQT's Freesstyle platform means its more or less a no-brainer to e-commerce firms

4)last, but by no means least, practically all of the revenue iis recurring revenue, which means great visibility of income stream, esp when coupled with the very low churn rate.

I think the market will wake up to these this year. The stock is tightly held. When folks realise what ATQT have got here I can see this moving up very nicely.

imo, please dyor.

[cyberbub] 15/1/2016 18:53

Disappointing to see a tick down here, on zero trades. Perhaps a delayed trade will appear tomorrow. I suppose it's inevitable given the markets. 5 weeks until results. I want to see breakeven for the year, or as near as dammit. GLA NAI

[riddlerone] 14/1/2016 18:42

Good Advert for Attraqt

"Finally, boohoo.com [IRDX RHOO], a Top250 retailer in the IRUK Top500, reported revenues of £73.7m in the four months to December 31, an increase of 45%. UK sales of £49.7m were 45% up on last time, while rest of Europe sales of £8.6m were 44% up, and rest of world sales of £15.4m were 63% up.

Joint chief executives Mahmud Kamani and Carol Kane said trading had been “very encouraging” across all regions. They said they had “optimisedR21; the mix of promotional and marketing spend in order to drive sales growth. “Our investments in the customer proposition have resulted in higher conversion rates, increased order frequency and lower customer acquisition costs,” they said. “Operational successes include the new warehouse extension entering into full service, giving us the capacity required for business expansion, and the new UK app, which has improved the overall shopping experience"

[webpax] 05/1/2016 16:25

Agreed TP they really seem to be going for it. I'm impressed by the amount they raised (a good chunk rather dribs and drabs) and also how well the share price has held up since the placing - they are obviously being tightly held.

I too am looking forward to the next update.

[the prophet] 05/1/2016 10:11

just had an add up of the number of jobs ATQT are advertising, it looks like 10-12 positions, depending how many sales staff they take on.

That is some expansion. At the time of admission ATQT had 23 full time employees. With expansion of US office and other hiring, I would guess numbers were about 30 before this latest round.

Obviously the expansion is being done off the back of the recent fund-raising, but ATQT seems to have been conservatively run in the past, so they must see a strong demand to be increasing numbers by something >33%.

I look forwards to an update which, based on last years time-table, should be a matter of weeks away.

[the prophet] 04/1/2016 11:56

looks like quite a large hiring programme is underway at ATQT, going from their twitter feed




Tweets

Tweets Tweets & replies Photos & videos

Pinned Tweet
ATTRAQT ‏@ATTRAQTFSM 51 mins51 minutes ago

New career for the new year? Love #eCommerce? We have loads of job opportunities in the UK & US, check them out below 👇
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ATTRAQT Retweeted
Bronto Europe ‏@BrontoEurope 23 Dec 2015

Holiday oops emails: Tis the season to be prepared
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ATTRAQT ‏@ATTRAQTFSM 21 Dec 2015

How to tackle the 6 #eCommerce challenges of Christmas …
View summary
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ATTRAQT ‏@ATTRAQTFSM 18 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for Inside Sales to work for our US office:
0 retweets 0 likes
ATTRAQT ‏@ATTRAQTFSM 18 Dec 2015

We are #hiring! Come and work behind the scenes in #ecommerce. Looking for a Sales manager for our London office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 18 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for an Account Manager to work in our Chicago office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 18 Dec 2015

Love #ecommerce? We are #hiring! Looking for a Client Services agent to work in our Chicago office:
0 retweets 1 like
ATTRAQT ‏@ATTRAQTFSM 18 Dec 2015

Love #ecommerce? Well we are #hiring! Looking for a QA Tester to work in our London office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 17 Dec 2015

Love #ecommerce? Well we are #hiring! Looking for Senior Sales to work in our London office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 17 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for 2 Net developers to work in our London office:
3 retweets 0 likes
ATTRAQT ‏@ATTRAQTFSM 17 Dec 2015

Come and work behind the scenes in #ecommerce! Looking for a Client Services agent to work in our Chicago office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 17 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for Channel Sales to work in our London office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 17 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for a Production development manager to work in our London office:
1 retweet 1 like
ATTRAQT ‏@ATTRAQTFSM 16 Dec 2015

Passion for #ecommerce? We are #hiring! Looking for Inside Sales to work for our US office:
0 retweets 0 likes
ATTRAQT ‏@ATTRAQTFSM 16 Dec 2015

We are #hiring! Come and work behind the scenes in #ecommerce. Looking for a Sales manager for our London office:
1 retweet 0 likes
ATTRAQT ‏@ATTRAQTFSM 16 Dec 2015

Love #ecommerce? We are #hiring! Looking for a Client Services agent to work in our Chicago office:

[cyberbub] 03/1/2016 16:28

Hopefully only 6 or 7 weeks until annual results, if they are as quick off the mark as last year?

[cyberbub] 13/12/2015 10:13

I reiterate my view that a share price of £3 in the next couple of years seems quite feasible. That would be a £75M market cap, on a 'growth' p/e of say 18 that would mean post tax profits of only £4M. Add on tax @ 20% = £5M. Add overheads (say increased to £4M) = £9M. At a high gross margin of 80%, that makes about £11M revenues?

Based on the last interims, the company in early 2016 is already on an annual 'run-rate' of a good £4M revenues in my judgement.

Surely the latest fundraising and increased sales team, together with systemic growth in online commerce generally, gives the company a great opportunity to reach £11M revenues in the next couple of years??

GLA NAI

[the prophet] 10/12/2015 10:21

the increase in the Azini stake is 417,000, which happens to be exactly the same number as selling shareholder Alan Docter was selling, as in the RNS dated 12/11



So it seems very likey that is where Azini's 'extra' shares have come from

[aylingd] 10/12/2015 09:12

Interesting times.

A director on the board, now > 30% shareholding. I guess the long game for Azini is to grow & groom this for an eventual sale in the US - seems their style.

D.

[cyberbub] 10/12/2015 07:16

Wow - Azini buying more?

[the prophet] 09/12/2015 13:00

see Killick declared other 3% stake in holding announcement today.

[the prophet] 01/12/2015 09:22

good to know there were other quality investors coming on board in the recent placing, from today's rns, like the 'impressive growth' bit:

"ATTRAQT is a fantastic platform for e-retailers and Azini's investment together with the other new institutions (Hargreave Hale, Killik & Co. and Mole Valley Asset Management) means that the business is poised for further impressive growth