Altitude Share Discussion Threads

[northwards] 30/9/2020 14:37

From 2 July to 31 August cash dropped 400,000 to 1.6m. So broadly 200k reduction a month - worst case we have c 8 months of cash.But, cash squeeze was always going to be tightest in current Q given April/May carnage. With us promo market slowly recovering since mid June, cash should be ok. All eyes on a Covid vaccine rolling out in 2021.

[thebigshortfella] 30/9/2020 14:09

Manny - I am sorry to read about your dispute and really appreciate you getting back to me. The good news is that it looks as though ALT does have enough cash to get them through. Best of luck and I hope that your dispute gets settled soon. Take care, TBSF

[mannymif] 30/9/2020 14:02

Sorry, I’m in the middle of a big legal dispute and my focus is all on that at the moment. I haven’t read the statement, but if there is enough cash to see ALT though this period, we will do well. That’s what it’s all about for me short term.

[thebigshortfella] 30/9/2020 10:49

Morning Manny, hope you are well. I would be very interested and grateful for your take on today’s update. Many thanks, TBSF

[robbnw] 30/9/2020 10:21

Exactly Blister and COVID is a worldwide issue

[davemac3] 30/9/2020 08:31

Also staff have taken pay cuts or are working part time

[northwards] 30/9/2020 08:15

Agree Bliss.Cash at 2 July was 2m.Cash 31 August was 1.6m.But hopefully burn will slow as the us promo market slowly recovers / which it is.

[billster2018] 30/9/2020 08:12

I’ve read them now. Could be worse for sure and clearly, the only thing holding them back is COVID. Quick question and I will look myself. How much cash have they burnt, what is the monthly rate? One would hope that it slows as the market picks up.

[billster2018] 30/9/2020 07:56

Guys, I can’t see the update. Where is it?

[northwards] 30/9/2020 07:52

From finn cap:Distributor membership of 2,103 (July trading update: 2,136) is proving robust despite the lower distributor activity levels, with $2.2bn of normalised end user spend. Combined with the ongoing retention of 175 suppliers in the Preferred Supplier Programme (unchanged), the spending potential of the distributors and continued interest of the suppliers positions the group for recovery in line with the promotional products market. We look forward to more detail with results, scheduled for 30 October.

[robbnw] 30/9/2020 07:42

I choose to read different mate COVID Economy lockdown world overThey are managing cash wellAnd they aren't only aim co delaying for a few weeks Turnover excellent despite COVID I am very happy with that statement and will buy more this am At this price mental not to

[onjohn] 30/9/2020 07:26

Hardly any cash left

[davemac3] 30/9/2020 07:10

Could have been worse

[northwards] 29/9/2020 22:12

Today was the first blue day since end July !

[albanyvillas] 29/9/2020 13:15

Could be, suspended pending financial clarificatoin. Can one take a 100pc loss?

[kemche] 29/9/2020 13:11

Expecting results tomorrow. At 4:31pm.

[robbnw] 29/9/2020 13:07

John I think it is fair to say most people on here ( and on UPGS and a multitude of sites where you are also equally negative ) look at your posts with two eyes to the sky. Just say what you think . You need ALT to do bust so you can remind yourself how right you are . As I always say we will see in the end But when we do , and ALT soar again , one thing i know We wont see you for dust mate

[northwards] 29/9/2020 12:57

Maybe. But I equally suspect we may see some financing news to fund this and aid short short term liquidity. But I'd view that as a big positive. I'm feeling strangely bullish.

[billster2018] 29/9/2020 12:50

Northwards, that is interesting in my opinion and here is why. My understanding from previous disclosures is that there is a possibility that ALT will enable distributors to get paid immediately (when the ink is dry of a new contract), when their clients may in fact take 3 weeks to pay. This would all be at a cost of X interest to the distributor. This was (I believe) meant to be self funding by ALT. NOW, if this is self funding and this dude is being hired to roll this out, then it tells me that there is spare revenue, cash to use for this lending programme. That doesn’t sound like a company about to do a raise. Maybe I am reading too much into it.

[thebigshortfella] 29/9/2020 11:17

Maybe they are gearing up for a US listing?

[northwards] 29/9/2020 10:08

Interesting Aim in the US has just appointed a guy called Kirk Ross as executive VP, Aim capital solutions. This is to grow the financing side of the business. I wonder whether we will see funding news tomorrow ...

[john09] 29/9/2020 09:31

Down 90% since August 2019 ...

Poster “It’s COVID!! “ lol

[billster2018] 29/9/2020 08:49

Rob, I have absolutely zero doubt, that the only thing holding ALt back, is COVID. For a promotional products business, it’s a perfect storm. Sooner or later governments will realise that they can’t close economies indefinitely and that COVID is a bad flu. But it’s whether or not ALt is burning or how much cash it is burning in the meantime.