Altitude Share Discussion Threads

[seangwhite] 01/5/2024 08:02

Have Zeus done an update?

[northwards] 01/5/2024 07:56

Yes, and the majority of new gear shop contracts still to come I believe.

[robbnw] 01/5/2024 07:48

My view is that the statement had to be issued as so much silence but looking v good Revenue booming now

[robbnw] 01/5/2024 07:47

Agree north and i hope much more to come

[samed1] 01/5/2024 07:45

Yes been chewing on the same point and am hoping you're right. Zeus agree with you - "The Group has been awarded new Gear Shop contracts with annualised value of c. $12m over their 5-8 year terms"

[northwards] 01/5/2024 07:35

One line that may need clarification : 'new Gear Shop contracts have been awarded commencing during FY25, equalling $12m in total estimated gross revenue over their 5-8 year terms.'I believe this is $12m gross revenue per annum.

[sweenoid] 01/5/2024 07:32

Super statement. Confident, optimistic and bullish- what’s not to like, not one negative comment. No dilution as there will be no ‘placing’; to fund the gear shop expansion. Cash flow must be very good because despite much investment it has increased 🙂
I like the tone of the statement as it’s quite obvious that the gear shop expansion is going at a pace and perhaps more importantly the existing shops are trading strongly.The ‘model’has obviously shown to be effective.

I particularly like this part- says it all really “ Merchanting, continues to experience rapid scale and the Group's Services division continues steady YOY growth, outperforming the wider promotional product industry. Given the strategic work we have done over the recent years, we are in a strong position today to outperform market conditions owing to our increasingly diversified position”. Add in a 23% growth in affiliates that’s strong progress!

So ALT are outperforming the sector, this should lead to a re-rating when we get final results which will beat expectations and they can then add much more colour to Gear Shop which looks to be fulfilling all my expectations.

As we won’t get full results until 30th July I fully expect another trading update sometime late June giving details of the gear shop wins along with more positive news on trading.

✅👏S

[northwards] 01/5/2024 07:12

Well, pretty decent update. Cash has grown a tad, even with Gear Shop role out and an increased banking facility - unused - is good to see, which suggests an equity fund raise is not required.

[northwards] 30/4/2024 08:31

One of my other holdings has just issued a trading update for March & April. It can be done.

[seangwhite] 29/4/2024 13:22

No real volume today and any news will need to be fairly upbeat to get back to the share price level after last November's update.

[yump] 29/4/2024 09:47

“Maybe somebody has heard something”

Either that or a bit of bottom gambling.

Reminds me of some Colemanballs from years ago:

“The crowd are booing, they must have seen something nobody else did”

[northwards] 29/4/2024 09:17

We were at c 45p at the last update in November. What then hit the share price was Martin Varley's wife selling c 600,000 shares. All sorts of personal reasons why that happened.

[davemac3] 29/4/2024 09:11

Maybe somebody has heard something

[northwards] 29/4/2024 08:41

More patience required it seems ...

[yump] 25/4/2024 21:46

Are saints actually patient or just extremely passive ?

[ali47fish] 25/4/2024 17:59

i dont know what purpose is served by repeating the same song why havent people written to the company and asked them

[napoleon 14th] 25/4/2024 17:22

Saints required here...

[seangwhite] 25/4/2024 11:09

Patience is a virtue!

[northwards] 25/4/2024 09:02

It's frustrating, and a little odd.

[sweenoid] 25/4/2024 07:19

Till next Tuesday then 🤨, any extension to May would be totally unacceptable
S

[northwards] 24/4/2024 13:31

Interesting flurry of buys.

[seangwhite] 23/4/2024 22:08

A long period of silence does not help the company in the eyes of most investors. Let's hope the BOD have a reason for it that is not just 'hiding' unwelcome news.

[northwards] 23/4/2024 18:48

Hopefully a trading update is imminent.

[yump] 20/4/2024 15:30

I’m not saying contracts won’t need funding, but its unlikely to be one big contract, so the customers are not going to demand funding is in place before signing contracts.

However any contract(s) signed need to be rns’d if they are material, individually or as a group, whether or not funding is in place.

In the course of normal business, customers don’t ask any business whether they have sufficient funding to honour the contract before signing and they also will not know the other customers’ contracts.

Perhaps if one contract was going to double the entire revenue of the business, then questions might be asked by the customer. But its not defence or construction contracts running over 10 years with a risk of non-delivery after 5 years because of funding issues.

It would obviously be better for shareholders if contracts were announced first and equity funding arranged at higher prices.

Or as per normal business processes you get some contracts signed and then arrange debt.

[sweenoid] 20/4/2024 14:26

Yump- wrong
Any large rollout of gear shop will have to be funded.Management would have known 6-8 weeks ago whether they needed these funds, the colleges would have demanded that commitment prior to signing any contracts.Setting up a shop is not simple , it needs to be built, fitted out and staff need to be hired - 15 new shops = a lot of staff and a lot of merchandise and a lot of expense.



By the way UGS ( University Gear Shop) just posted this

UGS is thrilled to announce our participation in the upcoming NACAS South Conference in Orlando! We're looking forward to connecting with industry leaders, sharing insights, and exploring innovative solutions to enhance campus store services and experiences. Stop by our booth to meet Bill and learn more about how UGS is revolutionizing the industry.
They are also appearing in a similar event in Louisville

P