Altitude Share Discussion Threads

[napoleon 14th] 19/12/2024 10:40

Sold the last of mine yesterday.
I like the company but not the shares!

[northwards] 19/12/2024 10:39

I'm sensing a change in appetite for small caps. Let's see what 25 brings.

[yump] 19/12/2024 10:00

Hardly any trades leads to exaggerated movements. Main issue is no appetite for small business shares at the moment.

[northwards] 19/12/2024 09:57

2 year low on the chart. And no Director buying.

[outsizeclothes.com] 16/12/2024 20:37

After earlier disappointments with the speed of contract wins for Gear Shops, I think the market has adopted a “Show us the money” attitude to Altitude.
I fear that the shares will do little more than tread water until actual financial evidence appears to support the progress we are being assured is being made.

[chasbas] 03/12/2024 11:38

I couldn't agree more daveme. ALT is scaling up and has made "strong operational progress" in H1. Particularly for Gear Shops and the statement refers to "continued accelerated expansion in the coming year and beyond" and a "robust pipeline". I wonder if a Private Equity buyer might accelerate this further? Nevertheless, ALT is financing growth comfortably with only net debt of £0.6m with facility headroom of $1.8m.
However, ZEUS only forecast revenue of £50.6m for year end March 2027. Though the management are targeting $100m? So maybe ALT won't gather much PE interest for a while. I hope not.
ZEUS's sum of parts valuation is 66.1p per share. This might be upgraded after full year results next year especially if the US economy goes on a roll.
I remain a strong holder of the shares. GLA

[yump] 03/12/2024 11:30

I think Sauron’s eye might be nowhere near looking at small AIM stocks for some time. Wormtongue might be poking around in a couple of years once recurring revenues appear from the gear shops.

The market will pick up - when is the problem.

We could do with a more enthusiastic PM and sidekicks.

[daveme] 03/12/2024 10:52

If you hadn't looked more closely you wouldn't have realised ALT had issued their results today. The share price is unmoved and, according to ADVFN, only 52K shares have been traded.

This share is totally unloved. You got to ask whether they benefit from being listed at all. I wouldn't be surprised if this is taken private. Almost certainly, once progress starts snowballing, I can see someone coming along buying us out and grabbing the spoils, leaving us all shafted.

[robbnw] 03/12/2024 09:12

Seems two decent buys last night ?

[aishah] 03/12/2024 08:27

The Group's disruptive collegiate Gear Shop solution continued to expand in HY25. Since the Trading Update on 15 November 2024, the Group has been awarded a further contract. Additionally, the Group has successfully launched its 8 previously reported contracts and commercial trading within these spaces has commenced. As the new tender season has launched, we have a robust pipeline, which is benefitting from expanded strategic relationships. We now have a total of 21 Gear Shop contracts at 24 locations with expected annualised average revenues of c$10m.

Added a few at the open.

[northwards] 03/12/2024 07:15

Good to see a new gear shop contract since the last update. On balance, the share price deserves to go a bit higher from here.

[samed1] 18/11/2024 09:17

Yes I suspect you're right... although back then I thought the live contract number was 16 .... either way, they wouldn't answer any questions on pipeline (other than that broad statement), win rates or targets. I also agree that 20 with growth in annualised recurring revenues and heading into this season ain't the sort of showing that warrants that level sell off ... but then I have a vested interest in saying that.

[yump] 16/11/2024 13:58

Yes they should have explained that as it is pretty specific. I don’t count it as massive underperformance though.

[northwards] 16/11/2024 09:00

This from 1 May is why I think they have underperformed on Gear shops and overly raised expectations, given only 1 new contract since:'Further contracts are anticipated imminently from a robust pipeline that typically tapers in June. Additionally, our existing Gear Shops are having a strong graduation season, providing a positive start to FY25. The Group will keep the market informed of any further UGS contract awards as we progress through the remainder of the tender season'.

[robbnw] 15/11/2024 17:04

Crazy sell off People are stupid

[samed1] 15/11/2024 12:08

Exactly they've been very careful not to commit to sign up numbers...I can't understand why people aren't focusing on the compounding revenues from the current signup plus the fact it's the start of the new season for colleges. "Within the University Gear Shop business, as the Group enters the new tender season, it is positive to see Altitude already signing a new contractalong with another being at the negotiation stage. Based on 20 secured contracts, thistranslates to expected annualised average revenues of c. $9.5m. Management also highlightthe robust pipeline of opportunities in the division, providing us with confidence in theforecasted growth profile of UGS over the medium term.

[yump] 15/11/2024 11:53

Great minds etc ;-)

[robbnw] 15/11/2024 11:51

What massive underperformance ? Or am i missing something

[yump] 15/11/2024 11:49

I must be missing an imaginary massive target if there’s a massive underperformance in gear shops.

They’ve probably got the low hanging fruit and the larger colleges/unis are the next target - which could take more than 6 months to conclude.

It also appears that the contract “season” is a bit more spread out than it first appeared.

[martinmc123] 15/11/2024 11:26

4*
Altitude Group Plc, the leading end-to-end solutions provider for branded merchandise, issued a trading update for the six months ended 30 September 2024. The Group's financial performance in HY25 is expected to demonstrate strong year on year growth, with revenue expected to be over 20% up and Adjusted Operating Profit expected to be 9%...from WealthOracle

wealthoracle.co.uk/detailed-result-full/ALT/984

[northwards] 15/11/2024 10:59

Rob, I think it's the massive underperformance in Gear shops that has hurt.

[robbnw] 15/11/2024 09:40

This drop is crazy . The business is doing well in the US and we have the US market on a high with four years of Trump ahead . Madness the dive in the SP

[yump] 15/11/2024 08:46

Omg I’m going to have to wait a bit. At least we can all get instant gratification by using Prime.

[samed1] 15/11/2024 08:23

Yup feels like gs dominates peoples perception of value ... still new season starting. Let's hope they bag a few big ones this time.