Altitude Share Discussion Threads

[seangwhite] 12/5/2024 10:15

The lack of any real updates from ALT have led to the current very low share price The next update will be in June I suppose in line with 23. Let's hope it is a really impressive one or ALT will retest old lows and surely be open for a cheap takeover.

[sweenoid] 11/5/2024 06:29

It would be if it was30 jobs but those 3 are likely for existing shops.
I think the next trading statement AND gear shop news will come in 4 weeks time so am hoping share price will consolidate here till the next March up.
S

[northwards] 08/5/2024 12:24

University Gear Shops on LinkedIn just posted 3 job adverts. A good sign I would suggest.

[yump] 06/5/2024 19:23

Yes sorry should have said. Been looking at the fixed costs over last few years to see how quickly increases in revenue drop to profits.

[ali47fish] 06/5/2024 18:38

yump is that activeops

[yump] 06/5/2024 17:56

What's nice about ALT and I think pretty unusual, is that when they say inline with expectations, they quote the expectations. Even the big corporates don't often do that !!

Lots of AIM stocks just pay lip-service to PI's, ALT seems a bit different.

I presume the expectations aren't a big secret, except that they are often behind a paid firewall, as if the brokers weren't pocketing enough already.

Interesting comparing this to other solid businesses (just been trying to decide whether to buy more AOM). However, the gearing of profits to revenue increases appears to be much higher here than at AOM. Both have roughly the same revenue.

I usually pencil in a 10% net profit to see what the rating would look like in a year or so, which is quite revealing.

Currently AOM has a share price over 100p, with very high recurring revenues.
On the other hand, when you see that ALT's latest 12mln gear shop contracts are over 5 years +, that counts as recurring for me. Not sure about the other parts of the business.

So assuming say 2mln net profit at some point in the next year or so, ALT (pe 13) is way, way cheaper than AOM (pe 35).

PS I'm not pushing AOM, its just interesting and I'm trying to talk myself into buying more ALT !

[davidosh] 05/5/2024 23:21

We have invited Altitude to Mello2024 as I really think they need to meet individual investors and engage in person. They have presented at these conferences in the past

For the whole of this long weekend any investor buying a ticket for the *Mello2024* event will be given the bonus of being able to bring a friend or family member completely free of charge. Worth getting a friend to join with you and halving the cost maybe...

Will end at market open on Tuesday as it is a bank holiday weekend so plenty of time to connect

Mello2024 investor conference takes place on the 22nd and 23rd May Do come and join us....another six companies added to the list today and another six to be announced on Monday.

We want to keep this important face to face engagement with companies going and it has been tough since Covid as many directors just want to do webinars as their only token offering to investors. If you want to ask private questions or check out body language it is impossible on webinars and investors need to network with each other too.

Please support us and encourage companies/ management teams you are in contact with to come along to Mello2024 in Chiswick on 22nd or 23rd May

Mello2024 – Mello Events

If you have never been to one of our two day conferences before then clearly you are missing a great opportunity to engage with management teams and also network with hundreds of likeminded investors so we are offering virgin tickets at just £30 for either of the days so that you can see what it is all about.....a big discount from £99.00 and if you do not agree having spent the day with us I will give you an annual pass to our virtual shows on top. I just want investors engaging with all these quality smaller companies. This offer is only if you have never attended before so please be fair to all those who pay much more.... Simply enter the code NEW2MELLO24 BUY NOW:

[northwards] 05/5/2024 20:56

Watch out for updates on new Gear Shop / university contracts. May into June likely timescale for these.

[investographer] 05/5/2024 15:00

Hey- could you list the positives in the medium term...

[northwards] 05/5/2024 07:40

Just re-read the RNS in the cold light of day. It feels even more positive ...

[robbnw] 03/5/2024 10:28

Sweet Couldbt have said it better Totally agree with you

[sweenoid] 03/5/2024 08:11

Anyone looking at the trading statement with its bullish tone must surely conclude that this companies growth trajectory is a compelling story.

Even scratching the surface will reveal a company ‘on the March’ . Once one understand the massive potential of Gear Shop ( it’s in its infancy at present, almost embryonic) AND the fact that is openly outperforming it’s ‘peer’ group then clarity must lead to the conclusion that it will be re-rated. The expected good news on the Gear Shop expansion and a beat on analyst estimates at finals should surely garner a lot more attention.

Things holding back the share price are the illiquid nature of this stock. I hold a significantly higher number of shares than were traded yesterday , the daily volumes are risible. That of course can be a +ve too as share price moves on low volume can produce surges in the share price but vice versa too.

The company HAS to improve its PR - the CEO AND CFO must improve on this front, the newsflow and information to investors has to be improved.

I don’t like to forecast SP’s but I would be astonished if we don’t see 70P this year.
Time will tell
That’s me done commenting till we get the positive trading statement and details of GS contracts which I expect by Mid June at the latest more likely 1st week of that month

S

[northwards] 03/5/2024 07:18

Ready for next leg up it seems.

[robbnw] 02/5/2024 21:16

For sure I agree

[seangwhite] 02/5/2024 09:46

With any decent news on college contracts that 50p should be easy to get over.

[northwards] 02/5/2024 09:38

Based on Zeus numbers, we are now x12 earnings for this year and x9 for next. Given scope to scale significantly, can see 50p plus this year.

[napoleon 14th] 01/5/2024 12:24

Oooops! Up late & missed that - only checked share price & thread doesn't catch up
unless you make it!

Edit - Glad I hung on to these despite a long stagnation.
BTW I concur - "equalling $12m in total estimated gross revenue over their 5-8 year terms.", not $12M per annum. Still, there's room to expand that.

[yump] 01/5/2024 11:48

They leaked an RNS out ;-)

[napoleon 14th] 01/5/2024 11:14

Heyup! Summat happening here... Leaked news?

[samed1] 01/5/2024 10:27

Zeus has issued a correction to their note removing any reference to annualised revenue. So $12m over the contract terms.

[northwards] 01/5/2024 09:42

There's really a lot to like with the update. New gear shop contracts 'imminent', Merchanting growing well, cash up, enhanced lending facility in place, sticky revenue model. Feels like we are on the cusp of transformational growth.

[yump] 01/5/2024 08:33

Effectively recurring revenue as well so rating should be decent. Not sure what total recurring is over the whole business.