Altitude Share Discussion Threads

[johnstockster] 19/7/2017 17:42

1. He clearly joined when Just Eat was brand new in the UK, was there for 4 years and they had 1000+ people by the time he left, it would be pretty hard to have a bio for 1000 people in a prospectus, especially for people who left shortly before they IPO'd, sounds like he cashed out to me. Which is normal for companies about to IPO.

2. You clearly have a lot of time on your hands, Linkedin defaults to your a persons most recent educational course, so no big deal. I actually thing its good he is trying to add other strings to his bow.

3. I spoke to a friend who knows of him today, he apparently had a child who died two years ago and opted to consult for various startups and funds since then to spend more time with his family. Clearly he sees something special with Altitude and to me that is reassuring that there must be similarities with his experiences at Just Eat. As clearly he got saw an opportunity there many years before many of us had even heard of them, let alone made money from their fantastic share price growth.

[melf] 19/7/2017 16:59

So Smith & Williamson got it wrong and Henry is completely useless.

[lowflow] 19/7/2017 16:52

teddy boy1,

Not sure if Henry Joseph-Grant is such a high caliber hire.

1. Altitude wrote in the RNS "Henry has highly relevant experience from his success helping build Just Eat from an early start-up in the UK to its $2.4 billion initial public offering" sound like he was pretty instrumental.
What is a little bit odd, is if you take a look in Just East 222 pages IPO prospectus, his names is never even mentioned (hxxps://www.justeatplc.com/download_file/force/191/197). I think he was just one of many sales team leaders, which is something very different from "building up Just Eat"

2. If you read on his Linkedin in page, it shows "Harvard University" on the top page as education. If you scroll down and read all of his profile you can see that he took an "Introduction to Computer Science (Distance Course) in 2016". I always like people who put in top of their Linkedin in page that they went to a world class university and then if you dig into it, you can see that they went for a distance course - LOL. It tells you something about there personality.

hxxps://www.linkedin.com/in/henryjosephgrant/?ppe=1

3. If you continue to read his Linkedin in page, it looks like he has have had a hard time keeping a job for a longer time over the past years. Maybe because he is so successful so he only need to work for a short time at each company...

[lowflow] 19/7/2017 16:37

Webster32,

AI Mastermind, some facts:

1) On both Linkedin and on AI Mastermind webpage, it shows that they only have only one employee, Jamie Coggeshall. Who knows he is maybe a "mastermind" and can do the same work as 100 guys.

2. AI Mastermind webpage has site rank 3,657,203, which basically means that no one is visiting the webpage, except for some Altitude shareholder.

hxxp://www.alexa.com/siteinfo/aimastermind.com

[webster32] 19/7/2017 12:31

lowflow,
Are you aware that AI Mastermind that you’re describing sneeringly as a “one guy business” is according to WH Ireland “a buying group (representing over 120 industry partners) that serves over 1,000 PPD’s in North America accounting for over $200m in annual sales.”?

[teddy boy1] 19/7/2017 10:15

Lowflow ( lowlife?)

ONE QUESTION? If this company is such a basket case why would some-one of the calibre of Henry-James join it when he could have his pick of any company in the whole wide world?

You make it up as you go along with nothing to substanciate your statements .!

I get the impression that no-one on this forum takes you or Stephen seriously . I certainly don,t!

[melf] 19/7/2017 09:11

lowflow.....you seem to have some inside info. Please tell us how you know:

1. that the " business has only made marginal progress".
2. that the "new" business doesn't generate any visible revenue.

[adventurous] 19/7/2017 09:09

Strange that lowflow uses the same logic as stephen1946 - twins maybe :-)

[webster32] 19/7/2017 08:54

lowflow,
Instead of telling us, shouldn't you let the analysts at Finncap, WH Ireland and Small Company Sharewatch know that their views are so wide of the mark? :-)

[lowflow] 18/7/2017 23:46

Why are you surprised that 9% of the position at IG in Altitude are shorts?

Here are a few possible reasons why people would like to short the stock:
1. The market cap is 7x what it was in the beginning of 2016. While the business has only made marginal progress.

2. Altitude is still mainly an exhibition business and the "new" business doesn't generate any visible revenue.

3. Altitude "new" business doesn't seem to have any edge over the competition. Altitude is basically offering a white label online store service. There are already thousands of these white label solutions for both all kinds of sectors or sector focused solutions as Altitude is offering.

4. The partnerships Altitude has announced in the new business over the past 12 months, seem to be pretty worthless. 1) AI Mastermind - one guy business, 2) Aprinta - business close to bankruptcy according to press articles, 3) Market Brands - which is basically whats left of Aprinta old business in Rochester (NY). These partnerships mean nothing.
5. Insiders have been cashing in over the past 12 months. If you aggregate buys vs sells by insiders over the past 12 months you will see that insiders have been net selling, especially when the stock price peak. Most of the buys were when the share was trading at a fraction of today's price.

I think Altitude is one of the most overvalued stocks on AIM. Altitude mgmt will keep trying to do what they have been doing over the past 12 months, trying to convince the market that they are a high technology provider in the online shopping space. They will fail and the stock price will go back where it belongs below 10p.

[northwards] 18/7/2017 11:09

samdb - interesting feedback.

channl viewings now c 10,200 so peeps are watching - big Q is are they then using the tech ...time will tell

[webster32] 18/7/2017 11:02

Well, if it was Friday, that would mean more than a month had elapsed since the last director buy so that might be enough of an interval. Of course, they may be of the opinion that it's still too early to judge take up.

[mannymif] 18/7/2017 10:28

Last year, ALT issued a trading statement 9 days after the AGM. If they do the same this year, that would be Friday.

[mannymif] 18/7/2017 10:28

Last year, ALT issued a trading statement 9 days after the AGM. If they do the same this year, that would be Friday.

[samdb] 18/7/2017 10:26

Spoke to someone on the Channl site yesterday who said initial interest has been really good. Went through one of their demo stores and was very impressed. Going to have a go at setting one up next week.

[teddy boy1] 18/7/2017 10:19

No news so nothing has changed so why has the share price been slashed? Answers on a postcard please?

P S I get the impression that the interest in this share has increased over the last few days. Could the M M,s be trying to accumulate some shares to satisfy the likely growing demand?

[melf] 16/7/2017 22:23

By tomorrow morning the Channl video will have received 10k views, which for such a niche item I believe is an impressive total and it hasn't taken too long to reach it. Word is definitely out there.........No doubt we'll find out soon how good the initial take-up has been.

[webster32] 16/7/2017 21:14

I have to say that I'm disappointed to hear that 9% of IG's clients aren't short.

I don't know what the true short position is but ideally 100% of IG's clients would be short. Is that too much to hope for?

Except for Stuart37 and thebigshortfella, obviously! :-)

[thebigshortfella] 15/7/2017 17:15

Stuart37 - sorry I was rushing a bit when I wrote that post. You are obviously correct - its 9% of IG's clients that hold a position in ALT that are short on ALT.

I am not convinced that it's not of any real significance though. I have not seen anyone short on ALT since tracking it last September so it must mean something. Quite what, we can only speculate.

I don't disagree though that IG will lock small stocks off from platform short trading.

[stuart37] 15/7/2017 16:52

thebigshortfella - i have also had an IG account for about 25 years and rather than 9% of |IG's clients being short it means that 9% of the outstanding trades on ALT are short trades- and hence 91% are long trades. There could be as little as 20-30 outstanding trades on ALT with IG so not of any real significance. If you have ever traded short with IG then you will know that once they begin seeing a short pattern of trading on a small stock like ALT then they quickly either lock it off or go "telephone only". I've seen that many times over the years.

[webster32] 15/7/2017 12:31

robbnw,
I think you mean thebigshortfella, not me. In any case, I agree, these appointments do give cause for optimism.

[webster32] 15/7/2017 12:28

thebigshortfella,
Thanks for that.

I have to agree, closing in the face of good news could be an absolute nightmare in a small stock, with huge potential, like Altitude. What on earth are they thinking of?

Still, if it fuels a sharp spike up at some point all well and good. :-)

[robbnw] 15/7/2017 11:43

I agree totally WebsterNo way would he have joined unless he saw amazing potentialRemember 4imprint started lowSame sort marketLook at them now

[thebigshortfella] 15/7/2017 11:28

Webster32 - Yep - that's correct. I am a client of IG's. I just checked again this morning and 9% of IG's clients are short on ALT.

It seems nuts to me as any positive news on uptake and it's highly likely that the share price will rocket and they will be unable to cover their positions quickly.

I am assuming that these are bear traders who are putting shorts on companies that have risen significantly over the past year and do not understand the short term impact of news etc on the share price.

I have noticed a significant number of IG short trades that have started to appear on companies that I watch, where all trades were previously 100%.

I hold a trade on Medica and all trades on IG were 100% long for some time. I noticed this week that 8% of trades were short and to be fair those trades would have made them money based on what happened this week. No one is short on Medica now.

robbnw - I agree with you. The Henry Joseph-Grant appointment says it all for me. I am sorely tempted to put a trade on ALT (ideally close to 70p). I don't believe that he would have joined ALT if he did not have insight on how well things are going and/or the potential. It's only s gut feel but I suspect that the plan is to get ALT motoring and then to sell it at a premium.

[robbnw] 15/7/2017 10:31

When you look at the people ALT now have on their senior management team , it's incredibleIf these guys don't know how to turn Channl into a hugely successful money making machine no one does Yes we need some positive data but when it comes this share price will motor and smash the previous £1.40 high Patience Virtue and all that