Altitude Share Discussion Threads

[northwards] 30/10/2020 11:36

I think someone wants stock.

[robbnw] 30/10/2020 10:41

Bring my average way way downWon't take much to get me into profit

[thebigshortfella] 30/10/2020 10:09

Robbnw - how much did you purchase?

[robbnw] 30/10/2020 10:04

Good John of you to completely ignore the intervention of COVID Or do you feel it's irrelevant to the promo industry

[john09] 30/10/2020 09:57

The first 2 “key corporate developments and operational highlights”

-- Successful integration of the AI Mastermind business acquired in January 2019, renamed AIM Smarter LLC ("AIM") THIS IS 2 YEARS AGO NOW!!!

-- Accelerated US hiring and training process complete across all divisions; sales, marketing, technology, customer service and accounting. US Headquarters established in Philadelphia. IF HIRING PEOPLE IS YOUR 2ND BIGGEST ACHIEVEMENT THEN YOU ARE IN TROUBLE

[robbnw] 30/10/2020 09:53

I've added and will keep adding at this price Longer stays here more chance I have to buyI've never held more and I'm very happy with my holding Some shareholder on here just haven't a clue With COVID what else do they expect of our board They deserve a bloody big pat on the back for coping Some people are never happy They are only happy when they have something to moan about

[billster2018] 30/10/2020 09:41

So North, what you are saying is that if it doesn’t get worse, we don’t need to do a raise? As in we are not burning cash?

[northwards] 30/10/2020 09:18

If you take the 15 month revenue figure, and average it down to 12 months, we have 6.6m in revs. That equates to a gross profit of 5.9m, comfortably above 12 month admin expenses of 5.6m.

[encarter] 30/10/2020 09:03

I agree with you both. If I held stock then I would keep it but as a potential investor I will wait a while and see where we all end up.

[thebigshortfella] 30/10/2020 08:53

Billster - I generally agree with you. We shouldn’t ignore that ALT’s pivoting, RNS updates and expectations management has been absolutely laughable at times. As a result, some are going to be dubious.

I don’t believe that ALT will go under, but I can foresee the share price falling further due to the ongoing Covid & economic uncertainty. It has the potential to be an absolute bargain though and when it does I will be buying. GLA.

[bpc10] 30/10/2020 08:52

120p to 10p in 15 months. Horrible investment

[billster2018] 30/10/2020 08:50

Encarter, I am sure you are right. I perhaps put too much faith in the intelligence of the current investor base in Altitude. Considering that going into these numbers, Altitude was already on its knees, what did we all expect? There has to be the worry that there may be a raise, for the simple reason that we don’t have a vaccine and we still can’t be certain when this all ends, but we knew that yesterday. The only news today, is that they have managed cash well, from what I can see.

[northwards] 30/10/2020 08:46

I've had a nibble.

[encarter] 30/10/2020 08:43

It looks to me that they will survive but will have to raise some funds. That's the issue

[northwards] 30/10/2020 08:35

I'm with you Bills. I'm just waiting for these itchy sellers to exit. The tranche of buyers earlier this week due to a twitter tip are exiting stage left I strongly suggest. Once they do, time for a top up.

[billster2018] 30/10/2020 08:30

Well I continue to be amazed. What was it in those numbers that made someone wake up and sell the stock? What makes this company a worse bet today after these numbers, thank yesterday?

[northwards] 30/10/2020 08:10

This from four today: point being, no forward guidance is par for the course. Although we have seen encouraging signs in recent weeks, the inherent uncertainty resulting from the COVID-19 situation means that it is too early to provide any forward guidance at this point.

[cookierebel] 30/10/2020 08:03

Mr Market says a placing at 4p or 5p is coming

[northwards] 30/10/2020 08:01

Market cap of 8m, cash of almost 2m.

[northwards] 30/10/2020 07:57

I was expecting cash to reduce from August levels, so thats a pleasant surprise.

[billster2018] 30/10/2020 07:57

I agree, let’s see what the market decides, but I am not sure how they could have done any better.

[robbnw] 30/10/2020 07:52

I am v happy Couldn't have expected more North The cash disappearing ? NopeNikki and the board aren't fools This price is the bargain of the century Now let's let the board do it's stuff Hopefully we have flushed out the small shareholders who have only interest in seeing us go under The board remain v positive

[northwards] 30/10/2020 07:45

On my quick glance I'm reasonably happy.1.9m of cash - an increase of 300,000 since end August. That's critical. Gross margins now at 90 percent. That's impressive. Annualised overheads of 5.8m - so we only require revenues of 6m to break even. Suspect directors will purchase heavily at this level.