Altitude Share Discussion Threads

[seangwhite] 14/2/2023 07:24

Keith Edelman as the Chairman worked hard to get ALT going this well and I hope he gets on duplicating this over at Revo bars soon.

[northwards] 14/2/2023 07:13

Really does appear that things have changed for us.

[rivaldo] 14/2/2023 07:11

Always love to see that phrase - "materially ahead of current market expectations"....

And the outlook is as positive as can be:

""Following a number of positive market updates earlier in the year, we are delighted with this continued progress and are expecting to achieve record year-end results. In addition to our improved trading so far this year, we have invested in growing market share and have a reassuringly strong pipeline of opportunities. We look forward to updating the market further in the forthcoming months and to the next financial year with great enthusiasm."

Congrats to the Board (and to shareholders!).

[mirfield] 14/2/2023 07:09

Altitude Group plc (AIM: ALT), the operator of a leading marketplace for the global promotional products industry, is pleased to provide a further trading update for the current financial year ending 31 March 2023 ("FY23") .The Group continues to deliver on its strategy and has been experiencing continued robust trading via expansion of its Services and Merchanting programmes. As a result of the strong trading and underlying performance noted in November which has continued into 2023 the Board anticipates that FY23 trading will be materially ahead of current market expectations.

[northwards] 13/2/2023 14:36

Cash is fine. I think in reality it's more than 800k as they use it to glue in customers to the debt finance service. So cash level is not quite what it seems - on the upside.

[middlesboroughfc] 13/2/2023 09:38

how much cash is left
In nov only had 800k left

[robbnw] 08/2/2023 23:43

Maybe u are right Sure the bus is doing well

[northwards] 08/2/2023 09:48

We had one in 31 March last year - full year TU.

[robbnw] 07/2/2023 21:39

I'm not sure about that Do they need to ?Would be nice for us all

[northwards] 07/2/2023 08:51

All good. Presume we'll see a end year trading statement end March ?

[northwards] 23/1/2023 21:58

We need another trading ahead update for the share price to break to the next level. Here's hoping ...

[seangwhite] 23/1/2023 20:42

Just read your old post ltv and it was a great summary of ALT near its low point in the share price Various points highlighted have now been addressed (KE moved on, MV back, new broker) and let's hope 23 is the time for a proper revaluation of ALT to happen.

[northwards] 21/1/2023 22:15

Agree. Suspect we'll need another 2 exceed expectations to break through 50/60p. But it's possible over the next year.

[seangwhite] 21/1/2023 20:28

Rob the last equity raise was in 2019 at 62p which is about 72% above ALT's current share price Another two or three updates showing a steady rise in incime & profits will be needed to go above that last equity valuation level. Not saying it will not be achieved but I have recognition that its a high bar.

[steveberyl] 21/1/2023 08:51

Pretty bleeding obvious that the Promo promotion business is in process of delivering Mind boggling numbers. The World is now in `Recovery` mode after weak Governments used the ridiculous lockdown to fight what Japan has labelled, FLU. No denying, Government response was, literally, Overkill.


Every Business will now use this simple method to promote Growth and encourage other Companies and new customers to use, Them. China are not the only suppliers of such `Give away` gifts, Western and Indian companies have seized the opportunity to Manufacture such material.

I still see M & A as taking off in this sector of huge opportunity. Alt 80p Very soon.

[northwards] 20/1/2023 09:49

From FOUR:Following on from several positive market updates during the course of 2022, the Group has enjoyed a particularly strong finish to the year.Unaudited Group revenue for 2022 was approximately $1.14bn, an increase of around $350m or 45% compared to $787m in 2021. Profit before tax is expected to be above the upper end of the range of analysts' forecasts, and not less than $100m.The unaudited net cash balance at the 2022 year-end was $86.7m, (2021: $41.6m), leaving the Group very well-funded entering the 2023 financial year.The Board is delighted with the Group's progress in 2022, which reflects clarity of strategy, the flexibility and resilience of the business model and the outstanding dedication of the team. The Group enters 2023 with optimism.

[northwards] 20/1/2023 07:36

Trading update from FOUR to end December ... enjoyed a very strong finish to the year, and guides to beat market forecasts. Very good read across to us.

[robbnw] 17/1/2023 18:54

Can't see us getting that yet

[northwards] 17/1/2023 08:48

Ideally we need another trading update that confirms further progress to really start building confidence. Let's see.

[robbnw] 17/1/2023 08:45

Lot of positivity at ALT

[robbnw] 17/1/2023 08:44

And it will be

[robbnw] 17/1/2023 08:44

Spot on Stars No way will the major shareholders be selling at this price Most have been with the business for years if not over a decade They know the value of the business

[northwards] 17/1/2023 08:15

Whilst not a formal rns, a 'robust' start to 23 sounds encouraging. I see Pebble's Facilis - our nearest competitor arguably - is trading well ... revenues of 20m dollars in 22.

[seangwhite] 16/1/2023 19:57

The small number of large holders might want the share price number you mention to sell but the market works on numbers. Current EBITDA needs to be a lot above guidance to come near the 100p number.