Altitude Share Discussion Threads

[john09] 11/1/2019 15:30

We are heading up despite the placing !

[robbnw] 11/1/2019 14:45

I for one think it is a superb deal . Us taking over AIM . What could be better . We can grow AIM and increase our penetration . How can anyone doubt that has tremendous possibilities for ALTI think it makes the share price way way under valued Also , no one haas mentioned ONE KEY thing on the RNS And that is the following Martin Varley our largest shareholder by far and founder Peter Hallet our Chairman Keith Edelman , our NED and a very astute businessman and Graham Couturier , our CFO...ARE ALL PUTTING THEI MONEY WHERE THEIR MOUTHS ARE and between them investing a further 250k Now that is something And that alone is good enough for me ....

[sheep_herder] 11/1/2019 14:35

So I've been through the note a few times and Finncap are right to point out that it's now very difficult to model the growth as it can come from multiple sources. They're excited about the new tiered structure as that can have quite a material uplift on revenue.

They're estimating if 3% of members transition to Tier2 for 2020, the revenue uplift will be £3.3m. However, if 10% upgrade, then that becomes an extra £8.8m which would push EPS over 20p.

So there's growth from onboarding suppliers, onboarding new members, moving offline sales to online, and now this tiered structure.

So their 16.2p EPS for 2020 is their base case. This could be a very exciting 3 year period for ALT. We now just await proof.

[stephen1946] 11/1/2019 12:12

The USA market will want to be a massive part of this. Perhaps buying will increase even further, shortly.

[stephen1946] 11/1/2019 11:51

Looking to the RNS disclosing holdings, it will be interesting to see how many more Alt share`s Simon Paul Taylor, Squirrels away.

[sheep_herder] 11/1/2019 11:37

The 16.2p is very low and they admit it is conservative. After modelling the costs the other day, once they hit break even it really is pretty rosy. If they can really push on with signing up the suppliers then I think 2020 will look more like 25p minimum.

[john09] 11/1/2019 10:38

So expect £2.50 to be hit this year

[john09] 11/1/2019 10:38

16.2p In 2020 🤣👍🏼 Awesome

[homebrewruss] 11/1/2019 10:36

You can sign up to a free month of Research Tree and get it so I'm not going to post the full note here but a couple of snippets..

1. Acquisition increases AIMPro revenue to Altitude payable by suppliers and based on a percentage of gross transaction revenue (3.65% in new model, versus current levels achieved of 2.4% in the period to November)

2. They have forecast EPS for 2019 at 7.7p and 2020 at 16.2p

There's a good section on why buy Aim so worth downloading the full note if you can.

[john09] 11/1/2019 10:23

And what does it say ?

:)

[stephen1946] 11/1/2019 10:22

Alt can dilute the share`s as much as they want for me, that deliver this sort of result.

The Aim of Martin has always been, gather the fragmented USA promotional goods market worth $BN`s, under one label, HIS.

I for one, know he will succeed.

[homebrewruss] 11/1/2019 10:17

There's a new Finncap note on Research tree which includes the acquistion.

[john09] 11/1/2019 10:08

And the news of the completion of the placing will probably come throughout the course of the day

[john09] 11/1/2019 10:04

SCSW out tonight will miss this news obviously but I’m pretty sure it’ll be a 2019 tip

[john09] 11/1/2019 10:04

It’s all great news except our shares have been diluted but it may be the last time this happens let’s see

[northwards] 11/1/2019 10:02

Plus, this acquisition is earnings enhancing to the tune of $640,000 pbt !

[stephen1946] 11/1/2019 09:51

Nobody commented yet but, we just became the World`s Largest Distributor.

That is worth shouting from the roof top.


A step nearer the $1 bn valuation this company should have.

Fantastic performance from the whole team, we are lucky or blessed to have found somebody of the calibre of Nichole to step in as CEO. Many companies would search for years to find a suitable replacement for our previous CEO, Alt found a Diamond to take over the mantle, seamlessly.

A lucky and blessed company can only go one way, UP, UP and away.

[john09] 11/1/2019 09:49

The placing at a 10% discount is masking the AIMPRO update. The fact the share price is flat is extremely positive.

The AIMPRO update continues to show very good progress, I’m not sure why they use September data for the comparable when we have November data but that’s fine I’ve looked manually to satisfy myself.

So November 18th to December 31st

Ordering members up from 240 to 266
Placed multiple orders up from 181 to 207
On boarded or in progress up from 275 to 508
On boarding members up from 515 to 744
Total engaged members up from 1232 to 1456
Average order vale up from $675 to $830
Total orders up from 15,722 to 23,994
Total throughput of orders from $13.4 to $19.9m

So you can see the increase in rates above in all measures even in a 6 week window

Where there’s been zero progress in 6 weeks is the number of onboarded suppliers static at 70.

As for the purchase of AIM, I think it’s an incredible idea 👍🏼

[sheep_herder] 11/1/2019 08:50

Sorry, true.

[homebrewruss] 11/1/2019 08:47

It's not 7m for the acquisition. That includes money for working capital etc.

[sheep_herder] 11/1/2019 08:30

It's quite hard to judge this deal. £7m fee for an extra c.£1m a year in fees and the ability to try to offer a tiered membership structure in order to earn more GTR.

Have we ever been told how much the AIM side of the revenue share was?

[northwards] 11/1/2019 08:08

That TU is really exciting.It shows that between 19 Nov and end Dec, we generated $6.5m of throughput sales - that's an average of $1m a week!!This is going Stella!!

[stephen1946] 11/1/2019 07:40

Seems the company were very busy over the Christmas period.

Another self-financing winner.

[stephen1946] 09/1/2019 21:01

Everybody appears to be waiting for a trading statement from Alt, before investing a brass farthing, little understanding that we are already in receipt of something similar from, Torch, (a veiled trading statement)

Take it any which way you like but if Alt were not delivering some remarkable figures, Torch would be Gone.

Working as Torch are, on Deferred terms basis, their liability so far must be considerable, with no return, yet.

The Alt board know how well Alt is performing, but can say nothing, yet, but so also do, Torch. On that basis alone, Alt must be on the verge of delivering at least £3 a share, thereby giving Torch some recompense.

Torch is run by a very savvy bunch who do not do, losing.

[stephen1946] 09/1/2019 11:12

How to stop poster`s? Ask a question regarding their strong held, posted view.

Courage of their conviction`s? i think not.