Attraqt Share Discussion Threads

[cyberbub] 10/2/2016 20:57

I wonder whether we might see some director buys after the results, if the share price is still at these levels?

[cyberbub] 10/2/2016 20:45

I think that basically the real spread is now 47 - 50p but the MMs are publishing a false spread. I can't see how there can have been several large sells and the MMs have taken them onto their books without a buyer?If that's true then at least it means that the 70k sell is now almost bought up?Let's hope so.Results next week possibly.GLA NAI

[the prophet] 10/2/2016 17:23

tend to agree cyber, clear as mud.
What is clear is the share price dropped another 4p. Value here, imo, but dodgy markets and an illiquid share mean not too many takers on the buy front right now.

[cyberbub] 10/2/2016 16:41

Odd... A 10k trade at 50p gone through... and yet I was struggling to get a dummy quote for a 2k sale at 49p today...I wonder whether the 10k trade is actually a buy, taking out more of the big 70k sell last week? And the published spread is completely fictitious, and is really about 47 - 50 for 10k shares?Or maybe the 10k was a fill or kill sell, in which case surely there must be a buyer at say 53p? But that wouldn't tally with me being able to buy plenty at 55p yesterday.All as clear as mud.

[the prophet] 10/2/2016 11:19

Yes, I agree Cyber, one would expect the expansion to boost growth rates substantially, otherwise no point doing it!
But there is a lag effect, salaries and office set up costs have to be paid upfront, and income derived from expansion is received on a monthly recurring basis, so will take a while for the expansion to cover costs would be my take.
Nevertheless I would hope to see a useful uplift on the forecast £3.9m revenues for this year. The September note called for £0.5m pbt. My feeling is they would do well to still meet this, given the headcount expansion.
All should be revealed soon!

[cyberbub] 10/2/2016 10:53

Well I am hoping that the new sales force may help to boost growth rates substantially this year. But maybe you're right and it will be 2017 before it really takes off.In any case, even a £500k profit in 2016 would be a p/e of 24 and a PEG of 0.6.NAI

[the prophet] 10/2/2016 10:35

They are well funded, the growth rate is 40%, revenues are 90% recurring, operating in an area experiencing very strong growth and set to continue in that vein for years to come, what's not to like?

Well, I guess profitability will have been pushed out by the recent hirings, but that expansion should pay big dividends in the years ahead.
The Azini lot ain't stupid either, they will have looked at this upwards, downwards, every way before sticking their £5m or whatever in. Also noticeable that chief exec Andre Brown didn't sell any of his shares to Azini and has a significant stake.

Whilst I expect strong revenue growth this year, it could well be that the full effects of the expansion plan are not felt till next year, so in todays world when next week is a long time for some investors, that may put off some. Or it could just be market volatility has meant we have distressed seller(s) here, difficult to say.

Anyway, annual results shouldn't be too far away now, that should prove informative. I can see these getting a market cap of £50m within a few years, ie 4 times up from current levels, so , happy enough to sit it out.

[cyberbub] 10/2/2016 10:31

Looking forward let's hope that the company makes £1M profit next year? At the current share price that would put us on a p/e of 12. But at 40% growth that would give us a Slater PEG Ratio of only 0.3, which should theoretically be excellent value.Who know what will happen in that time of course.GLA NAI

[cyberbub] 10/2/2016 09:50

Yes quite disappointing here. Let's hope 50p provides support, a market cap of £12M is maybe being seen as a bit high by Mr Market in the current environment, when the company is still only at about breakeven. Personally I see it as fair value for a company growing revenues at 40% or more p.a. But WDIK?

[the prophet] 10/2/2016 09:45

hmm, another fall, presumably another large delayed sale going through.
The 'decent' buy point just got a bit more, well, 'decent'!

[the prophet] 09/2/2016 10:21

thanks for that cyberbub, clearly a few shares knocking about, but nothing that decent news and/or results won't shift (and more)
I think @55p that is a decent buy point, just 3p over the recent placing.

[cyberbub] 09/2/2016 08:25

25k shares at 55p, 45k shares at 58p. That's all my buying limit will allow me to test...

[the prophet] 08/2/2016 22:32

CyberbubRe plenty of shares, you got any ideas how many and at what price?

[cyberbub] 08/2/2016 22:11

There seemed to still be plenty of shares left to buy today... patience..?

[cyberbub] 06/2/2016 14:14

Interestingly, despite a delay, I suppose we have now arrived at the recent placing price... It seems like it's a law of physics for all shares?

[the prophet] 06/2/2016 10:30

I guess once they had shifted the majority of the 70K sale at 50p, there was no need to offer 'bargain prices' anymore. They won't be bothered if a few shares hang around on their books, but would prefer not to have 70K's worth sitting, so worth them doing a deal to shift 'em.

[the prophet] 05/2/2016 16:54

if that is a 50,000 buy, then with the 7240 buy just gone through and a few others that is, more or less, the 70,000 sale taken up, with a nice turn for the MM's for their trouble.To be fair, on an illiquid stock like ATQT I don't blame them at all.

[the prophet] 05/2/2016 15:45

thanks for the additional info re charging webpax, that all makes perfect sense.

[the prophet] 05/2/2016 15:44

50,000 @ 50.15p just gone through, seeing as share price hasn't dropped (yet!) and the 70,000 sell yesterday, I tend to think that is a buy, nice turn for the MM and buyer gets in a few pence cheaper than recent placing price.

[webpax] 05/2/2016 15:44

Re charging:

As this is Software as a Service a monthly fee is charged for use of the software and this is tailored to each retailer based on traffic volume and specific requirements.

The Company’s business model is based on a recurring monthly service fee plus a one-off set-up fee and additional follow-on project fees. Clients sign up for a minimum of 12 months but some larger clients sign up for a longer period of 2-3 years.

Monthly fees range from £1,500 to £25,000. The price comes with a volume cap, any usage above that incurs additional fees.

[cyberbub] 05/2/2016 10:33

I think most of the small 'sells' yesterday must have been buys also.

[the prophet] 05/2/2016 09:58

cyberbub

Good point re online shopping.

Re charging according to volumes, that would make sense, esp as ATQT talk about the number of transactions on their platform. Whether the charge is totally related to transaction volume or companies are charged if they are in a certain band of expected revenue, I don't know. As ATQT charge per month, that does lend itself to some sort of usage correlation.

But success of the platform means that a company extends the platform to other areas/divisions and is another good reference point.

See we've had our first 'nibble' at 55p, 1,000 shares, only 44,000 to go!

[cyberbub] 05/2/2016 08:41

Remember that online shopping in general is growing rapidly, so it's not just getting extra customers that will drive growth.I am correct in thinking that we charge our customers according to volume of transactions, don't we?