Altitude Share Discussion Threads

[sheep_herder] 26/9/2016 12:29

ihatemms, nice. I'm hoping that the dividends in a few years time outstrip my current salary. :-)

[ihatemms] 26/9/2016 12:24

Yes I'm up to 117,500 shares with average of 34.5p . Best wishes and I'm glad you topped up as well . This could turn out to be a retirement stock if all goes to plan.

[sheep_herder] 26/9/2016 12:18

ihatemms - good, glad your bought more. Every time I go back and read the SCSW note or rerun some numbers I realise I'm not exposed enough.

[ihatemms] 26/9/2016 12:14

Sheep herder - bought another 12.5k this morning. Didn't know our posts last night would have so much influence . LOL! I think the Chairman's top up helped!!

[ihatemms] 26/9/2016 12:12

Going into orbit! Can't buy on line

[twelvefinches] 26/9/2016 10:27

hey ali, try looking at the news icon in the header, GL

[ali47fish] 26/9/2016 10:24

melf where did you read the chair has bought- cant see an rns please provide a link- thanks

[ali47fish] 26/9/2016 10:24

melf where did you read the chair has bought- cant see an rns please provide a link- thanks

[bpc10] 26/9/2016 10:09

This stock reminds me of TUNG, lots of ramping and big numbers in RNS announcements. I hope they deliver or it will tank

[sheep_herder] 26/9/2016 10:04

Sorry gg, that's my top up done for now. :-)

[ggbarabajagal] 26/9/2016 09:25

Gonna break out

[melf] 26/9/2016 08:56

Nice to see the chairman picking up a few more (£23K buy).

[sheep_herder] 25/9/2016 19:59

I keep pinching myself about this company. :-) I just went back and read the SCSW article again to see if there was anything I missed.

The one thing that is amazing about ALT is that they are now a SaaS business with the large margins that accompany those businesses. But their investment in R&D is fairly small and isn't likely to grow much. They have the product ready and that allows them to state this in their interims, "As a result of these enterprise level agreements, Altitude is able to provide its unique and comprehensive "Click to Ship" online trading platform to large numbers of distributors through a single point of relationship. Such distributors have historically been reluctant to make the significant investment required to establish such a comprehensive online capability. We believe the Group's ability to provide a combination of bespoke integrated, hierarchical (grandparent, parent, child) websites, product catalogues, product visualisation and production-ready artwork functionality and a CRM/ERP solution, to these users, with no upfront charge, is compelling and potentially market changing.". The whole chain from customer, through disti and up to the printer is owned by ALT's software.

The SCSW article made a couple of really good points. 4Imprint has revenues this year of $500m+ and the potential market for ALT is ~$1B. However, ALT has gross margins of ~80% compared to 4Imprint's 6% margins.

I think what we have here is a real gem. At those margins they are going to be printing cash for fun as soon as there is any sort of volume from the Aprinta deal. And then you have the AI Mastermind deal and a "pipeline" of future deals at a similar level.

Edit - ihatemms - I obviously didn't refresh before posting as we're saying the same thing. Very exciting.

[ihatemms] 25/9/2016 18:07

The potential of this stock could be spectacular. There is a free float of only 25% of the stock - so only about 11 million shares with 75% held by directors and institutions.
The strong hints are that there will be a lot more contracts with distributors signed in the next few months. The gorilla in the sector 4imprint - did sales of circa £382m but only profits b4 tax of circa £24m yet it is valued at over £450m - the PE is circa 25. Alt is valued at the moment at only £17m.
4imprint looks like to be carrying o lot of heavy cost as margins are quite small. Varley has removed all the cost from Alt and it likes a very lean operation with the potential for much higher margins especially given the way they are setting up contracts as a 50:50 gross profit cut.
If this does profits of say £5m next year- pe of 12 value at £60m- share price £1.40
2018 profits say £10m pe of 15 - value of £150m- share price close to £4.

It's easy to see why SCSW and directors are excited about the prospects for this stock. I certainly intend to buy more- b4 the masses arrive.

[revoman] 21/9/2016 09:14

Any press / broker comments after yesterday?

[ihatemms] 20/9/2016 12:06

Looks like a lot more deals with distributors are expected soon.

[malcolmmm] 20/9/2016 09:13

Bought in at 32.94 so didn't do badly , order book looks sticky , I have a buy order in.
Altitude Group Plc Ord GBP0.04
12143 @ 32.94 32.94 12,143 -4,011.85

[nw99] 20/9/2016 08:47

Buy the dip

[sheep_herder] 20/9/2016 08:42

Ha, actually had me lol'ing in my chair.

[ianfnelson76] 20/9/2016 08:41

Sheep dip?

[donsan] 20/9/2016 08:39

Managed to get in at 36p, could even end blue by end of day, another balls up MALCOLMMM????

el Don