Altitude Share Discussion Threads

[seangwhite] 24/7/2024 07:21

Surely the same is true for falling short on revenue which ALT also reported.

[robbnw] 23/7/2024 18:13

But doesn't a plc have to update shareholders if the result are more than a certain % above the previous ? Regardless of whether an update is due ? Ie didn't they have no choice ? Or am I wrong ?

[yump] 23/7/2024 13:08

Some people were desperate for an update. Shows you can’t please everyone.

I’m happy if they just deliver results and ignore investor noise.

[sweenoid] 23/7/2024 11:42

Quite why a company 1 week away from results issue a trading statement is beyond me! Not good management and demonstrates muddled thinking in my opinion, they should have just left it to the 30th as intimated by Zeus in their note.
S

[rivaldo] 23/7/2024 09:24

Zeus say they'll publish their new forecasts after the results next Tuesday, and that whilst revenue estimates may change their FY25 and FY26 EBITDA forecasts will be at least the same as at present at the minimum.

This sentence is a nice summary of ALT's progress:

"The Group has made remarkable operational progress over the last two years, translating into a more than doubling of revenue and a 225% increase in adjusted EBITDA since FY22."

On current trading:

"Current trading: Trading in the first quarter of FY25 has been strong so far in both the Services and Merchanting divisions. ACS has had a strong start to FY25, adding an additional$2m in recruitment to reach $20m of annualised expected revenues. The other element of Merchanting, University Gear Stores (UGS), has seen further contract wins, with more contracts in the pipeline. UGS now has 19 campus programmes at 22 locations with a current total lifetime contract value of c.$45m, equating to $9m of annualised average expected revenues. Combined, these elements of Merchanting create strong revenue visibility for the Group."

[robbnw] 23/7/2024 09:22

Good solid progress here . Be interested to see the update from Nikkie on how well we have done on the contracts

[yump] 23/7/2024 08:56

Guidance was a bit odd - perhaps something has dropped into current year. Be nice to know. Not complaining, profit has exceeded and the revenue growth is high, not at the expense of profit either by the look of it.

[yump] 23/7/2024 08:07

Perhaps another UGS update and/or contract update once its all finished.

[northwards] 23/7/2024 08:07

I'm not complaining on the share price reaction, but why did we guide on revenue of £26m on May 1 ?

[northwards] 23/7/2024 07:54

Good news on operating profit. UGS progress seems a little unclear, though course material tie ups is encouraging.

[yump] 23/7/2024 07:49

Also:
Current gear shop contract signing season to last past summer months. Are the Biden supporters t-shirts being substituted for Kamala Harris?

[rivaldo] 23/7/2024 07:45

Great to see operating profit at £2.4m compared to Zeus's forecast of £2.2m.

And Q1 trading for this year also looks strong, with good forward visibility of revenues.

[davemac3] 23/7/2024 07:27

Revenue missed market expectations but operating profit best

[seangwhite] 21/7/2024 21:58

The 30th should give a long-awaited update, but whatever the share price does it will not be, anything too serious, I think. Any AIM small cap that is fairly tightly held will initially move fast up or down, but the end result will be a small overall change in its value.

[yump] 20/7/2024 20:41

Sometimes the briefest and simplest lessons are the best.

[seangwhite] 20/7/2024 20:35

Thanks Yump those words from an experienced investor are worth the time spent reading them.

[yump] 20/7/2024 12:34

I don’t think some of you really understand imvesting in small caps.

When the volumes pickup it will be too late.

When “the market” becomes interested in small stocks again, it will be too late.

If you hadn’t noticed, the market was very interested in small stocks just after covid.

Now trot along and go learn something.

[investographer] 20/7/2024 12:02

Unfortunately, the Board do no not keep shareholders or the market updated with anything. They literally release the bare minimum, that is why there is little interest here. Volumes tell us this.

[sweenoid] 20/7/2024 10:15

I think the AIM market is waiting till the 30th to make up its mind!

[seangwhite] 19/7/2024 23:48

Sadly the AIM market is not interested in small caps like ALT.

[northwards] 11/7/2024 18:25

Another university to Gear Shops - Maryville .... About 10,000 students via LinkedIn.

[northwards] 10/7/2024 11:51

Gear Shop advertising a role for Lebanon Valley College on LinkedIn - it's only small ... 2000 students; but a new one.

[northwards] 09/7/2024 12:31

Let's see what the 30th brings ... not too long to wait.

[seangwhite] 09/7/2024 12:19

Sween- The pre close RNS early in June said 'The Group will keep the market informed of any further UGS contract awards as we progress through the remainder of the tender season' which I took to mean that they would give news on this aspect before the accounts publication date. Anyway the news cannot be much ahead of market expectations which may be viewed as a negative in this market.