Altitude Share Discussion Threads

[john09] 05/6/2018 15:06

Yes plenty of detail about onboarding In the results today . No wonder there is such a delay in getting results out. Reads very well everywhere you look doesn’t it

I think a share price target of a forward PE of 25 is not unreasonable and that would be £2.13. That forward PE becomes a current PE in 7 months btw...

[urigem] 05/6/2018 15:00

Looks like at current capacity they can only get about 25 on board a month. That will increase as they become more fluid and recruit.

[stephen1946] 05/6/2018 14:54

john09, of course i am not anticipating such divi in short term, but certainly within 2 years thats for sure.
I also anticipate some purchases along the way, money will be needed for that. I am talking usa purchases, to remain ahead of 4imprint.

[robbnw] 05/6/2018 14:36

Guys Couldn't agree moreI also have been raving about these shares for a long time . Buying on the lows where i can. What a product . what a future I agree so much re SCSW also. I am not sure whether they have time to write it up this weekend but i can tell the editor is a long term fan AND he has always said the potential to multibag I am sure we are set to smash the 100p again

[urigem] 05/6/2018 14:30

And this is only the first application

[urigem] 05/6/2018 14:29

Thanks guys When I normally read an AIM firm hoping to catch a 100% of a 1.5 billion and growing turnover with a 8% - 10% margin I tend not to believe it. That's what is on the cards here, they have smashed it and are way way ahead of schedule- broker FC is behind today's curve.Cheers

[john09] 05/6/2018 14:28

I think you’re getting a little ahead of yourself

[stephen1946] 05/6/2018 14:15

Mannymif, Northwards, Staggering potential, so we can anticipate a gradual climb for the next 12/24 months to a minimum £7/8.
plus dividends that will more than pay back the cost of shares today. REMARKABLE.

Thank you both.

[john09] 05/6/2018 14:10

I like the onboarding update in today’s results


More than 1.4 million items have been ordered through the platform on over 2,200 individual sales orders from the first 57 AIMPro members with total throughput of $2.8 million to date. 65% of active users have used the platform to place multiple orders.

A further 16 members became active users, placing orders, in May 2018, the first full month with the USA based customer success team in place, with recruitment continuing to on-board the 382 members now in the queue, an increase of 281 in the last three months.

Our initial target of ten leading supply partners has been exceeded with 51 contracted to the platform.

We are on target with agreed transaction fees with suppliers, with transaction fee revenue now beginning to accelerate as the number of signed up suppliers and related product data uploaded on to AIMPro achieves critical mass and the predictability of orders placed increases.

The speed of securing consistently transacting members and on-boarded, transaction fee paying preferred AIM suppliers is the key focus for Altitude to maximise its users and traction

[mannymif] 05/6/2018 14:09

Stephen, at today’s share price the market cap of ALT is £42m, so at a market cap of £500m, the share price would be 12x what it is now.

[northwards] 05/6/2018 14:09

Stephen - I think you know the answer ... X10 where we are at today.

[stephen1946] 05/6/2018 14:05

Northwards, Taking your figure as certain(i know things change) what would that mean in terms of share price, assuming no change in shares available? TIA.

[john09] 05/6/2018 13:51

If you’re not a subscriber you should subscribe to SCSW. It regularly covers ALT. Last covering it in March stating this as it signed off

Adjusting for the new model and additional shares, FinnCap forecasts eps of 0.9p this year ballooning to 8.5p next. It’s been a few swings and roundabouts but once the proof of execution comes through in the form of hard income, I feel a multibagger will out.

[northwards] 05/6/2018 13:48

Urigem, figures should be in $ not £.

For me, the simplest way to look at the potential is that ALT takes a cut of c 8-10% of revenue transacted across its platform.

Given that AIM has transactions that total $1.5Bn pa, that equates to c $100m+ to ALT !! And that is just through Aim members.

Those sorts of numbers would easily justify a market cap of £500m.

[urigem] 05/6/2018 13:35

Please bear in mind that I have only known about the company for 4hours- I'm asking a question more than stating a fact. However the question I'm asking myself is - what will stop them taking the bulk of the transactions? I would really like to see it in use. Slide in the presentation has some big numbers, but reports today are ahead of those Cheers

[stephen1946] 05/6/2018 13:29

I understand most of the ALT business, but am not qualified nor able to equate %figures into monetary terms, or cash per share. I for one am delighted to read a poster like, Urigem who has the ability to clarify such mysteries for me. Well done Urigem.

[urigem] 05/6/2018 13:13

So they are now at 27% 426 customers actively engaging. Only after 4 months - obviously this will put them under pressure to get everyone onboard but revenues from this alone are going to go exponential over the coming year. 37 only got to £2.8 million in four months and the would be on a steep curve. This will be bringing in turnover 60-100million at 10 percent margin but if fully adopted will be more nearer to 300-400 million. I think this is right ? Assumes success but 426 in such a short space of time would appear they are queuing at the door to use AIMPROc.Looks like this will be a interstellar year for ALT

[northwards] 05/6/2018 12:14

Just had another read of ALT's investor presentation from Feb 18.

It talked of AIMPro comprising 1515 members with aggregate revenues of $1.3bn.

Today's statement talks of 1704 members with revenues of £$1.5bn

A perfect storm of growth ...

[zho] 05/6/2018 11:47

Urigem - SCSW - try September 2016

[urigem] 05/6/2018 11:40

I like the look of ALT, obliviously not been a LTH as first time I have every come across the company. Now that revenues are rolling in I suppose the biggest risk is thier ability to roll out ASAP and attack other markets.Looks a good buy, going to look through my old SCSW .. Anyone know what month they started coverage?

[northwards] 05/6/2018 11:37

May be tight for a SCSW mention this w/end. That said, I do think they will add on the back of today.

[urigem] 05/6/2018 11:14

Read the presentation, very good. Is there anywhere we can actually test AIP Pro to get a feel for the software?