Altitude Share Discussion Threads

[john09] 26/1/2021 14:20

Another 5p and we are back at 2011 prices !!!!!!!!!!!

10 years lollll

[john09] 26/1/2021 14:03

Another 20 pence northwards and you’ll be flat on a 12 month view lol

[northwards] 26/1/2021 13:49

I think Mighty Pedro has answered the gross margin question. Due to significant PPE orders outside of our supplier network that had a much lower margin.

[billster2018] 26/1/2021 12:38

North, is it not what I sent yesterday, that ALT was ramping up for an awesome 2020 and had hired accordingly. Then the pandemic happened, but ALT by this point had not been able to restructure everything? I seem to remember that you were consistently updating the group on new hires. Also, surely the low margin is simply due to the poor Rev numbers and every incremental dollar of revs will have a much higher margin on it.

[northwards] 26/1/2021 10:27

I think that makes sense.

[northwards] 26/1/2021 09:54

And also bear in mind, going forward, overheads will increase compared to h1 as staff salaries revert to normal and there is no guarantee of a govt subsidy we saw in the 1st half.

[northwards] 26/1/2021 09:48

One thing that is confusing me is the big drop in gross profit levels from c 90 to 55 percent. Anyone have a take on that? It's a massive drop.

[billster2018] 26/1/2021 08:58

Has anyone done a deep dive on PEBB’s client base and checked why they have faired better during the pandemic? I know that PEBB seem to be a more organised outfit and are able to get up to the minute data (wouldn’t that be a joy?). But, that should just mean that our results as good as there’s but a little delayed (which they aren’t). So I wonder, have they got a client base that for some reason was more resilient to the pandemic, eg they ordered more PPE, they were less reliant on mass gatherings to offer their products? Just a thought

[keeninvestor1] 25/1/2021 23:37

But north in a pandemic I'd say the result are bloody marvellous

[northwards] 25/1/2021 23:01

Altitude losses widen in H1 on lower margins25 January 2021 | 08:47amStockMarketWire.com - Promotional products marketplace Altitude reports wider losses in the first half of the year loss as lower margins offset an increase in revenue. For the six months to 30 September 2020, the company reported a pre-tax loss of £0.6 million from a profit of £0.4 million seen a year earlier, while revenue rose 36% to £4.4 million. Gross margin fell to 57% from 92%, reflecting lower margins on AIM Smarter group buy activities, the company said. 'Since the acquisition of AIM in 2019, we have worked tirelessly to develop the foundation and strategy of the business and have driven significant growth in both revenue and profit,' it added.

[northwards] 25/1/2021 22:58

Altitude Group PLC - Sheffield-based firm operating a marketplace for personalised products - Reports a pretax loss of GBP601,000 for the six months ended September 30, a wider loss than the GBP427,000 pretax loss for the six months ended June 30, 2019. The company has moved its year-end date. Reports revenue of GBP4.4 million for the half-year ended September, up from revenue of GBP3.3 million for the six months ended June 2019. However, cost of sales rises to GBP1.9 million from GBP261,000, resulting in a lower GBP2.5 million gross profit compared to GBP3.0 million previously and subsequently a wider loss.

[keeninvestor1] 25/1/2021 20:50

Well let's face it if two directors buy that's a huge vote of faith as they don't need to Directors wouldn't buy unless they felt price of purchase was way understated I disagree about fair price This stocks share price is based on potential simple as that And there is nothing unusual about that in a stock like this

[northwards] 25/1/2021 20:44

Quite possibly. Wouldn't be surprised to see a rns of two on director buying in the next few days. Feels to me that we're at fair value now until more progress can be seen.

[keeninvestor1] 25/1/2021 20:05

Was that 150000 buy today also ?

[robbnw] 25/1/2021 18:20

Thanks .Nice of you to say so . I try my best . I do feel Stephen , that the time is right now for MV to return to the Board . Nikki was a superb find by MV . Superb and her leadership is just what we need. BUT I feel the Board suffers from the lack of Martin as a director . I feel we need more of the Board with real skin in the game and no one is more knowledgeable than MV on the business and most important the technology . We need his entrepreneurial spirit back on board . The time is right . Peter H is superb and he now has over 1m shares but MV has well over 10m . MV is close to ST , and I assume KW also .

[stephen1946] 25/1/2021 17:54

Keen, That is not a secret on a personal level, 37 years. Everything else is purely professional in relation to Alt. I have also met a number of holders, Rob in particular is a gifted, knowledgeable investor & a friend.

[keeninvestor1] 25/1/2021 17:46

Agree Stephen to an extent Are you close to MV ?

[stephen1946] 25/1/2021 16:02

Shareholders can certainly take comfort from the fact that there is no extravagant cash burn.

Cash is used for ALT benefit, not Board foible`s.

I must say, with benefit of interims, eventually released, that MV knew exactly what he was doing when he handed the baton to the people in charge currently. IMHO.

I can also see where others are coming from with their criticism, but Covid gone and trouble free trading, will see the merits of, just why, MV trusted current board ability with his considerable cash holding, and his families legacy, that took guts.

[keeninvestor1] 25/1/2021 14:41

Would make sense

[northwards] 25/1/2021 11:45

Suspect that 50k was a director buy.

[gjk0268] 25/1/2021 10:48

The numbers tell us they are not going bust which was the biggest concern. The increase in sales during this crisis, which has negatively effected the promotional market by 70-80% is very positive.

[billster2018] 25/1/2021 08:52

Agreed North, you’ve hit on the important point. Is it not that they were ramping up, getting ready for a busy year, with quite a few new new hires and then COVID broke. Surely the margin will decrease if they had a higher cost base to facilitate higher revs.

[keeninvestor1] 25/1/2021 08:32

I agree. More important now is to sort the board

[northwards] 25/1/2021 08:30

Bills - I think that's a fair assessment. I'd like to understand the significant fall in gross margin however.