Altitude Share Discussion Threads

[it_trader] 25/1/2017 15:30

Funny how everybody goes from positive to negative on a pull back.Nobody batted an eyelid when it shot up from 80p to 140p over 4 weeks.It's called a market.

[ihatemms] 25/1/2017 15:27

bestace - 6 weeks is not long to get any meaningful sales. I wouldn't expect any more than £80k profit to ALT for the 6 weeks - hardly worth raving about and the company specifically prior to laaunch said there would be no meaningful impact in 2016. 2017 is another matter - and I would expect material profits to be made.

[allstar4eva] 25/1/2017 15:27

It is jam tomorrow. Everyone who has bought is speculating in advance of firm numbers being known based on the quality of management really. We have invested based in potential only.

[jakleeds] 25/1/2017 15:27

The new directors will want shares, and lots of them. Seems to me the mm's are trying to scare a few people out perhaps ??

[melf] 25/1/2017 15:23

Spoke too soon.

I think those who know about these things call it a "ground floor opportunity".

[bestace] 25/1/2017 15:22

I'm not expecting gangbuster results just yet or loads of money to suddenly start rolling in, but some evidence of progress would be nice. If there had been solid takeup both in terms of new distributor websites being launched and end customer purchases from those websites, I would have expected ALT to be shouting this from the rafters. That they haven't, together with the lack of a trading update (we had one on 14 January last year) and your comment about sales makes me nervous.

Anyway, thanks for posting your comments from the presentation, I'll look forward to seeing whatever details they post on their website.

edit: why can't they talk about sales and website numbers? this is critical to validating that ALT isn't just a 'jam tomorrow' story stock. Without details it's hardly surprising if the share price continues to be volatile.

[allstar4eva] 25/1/2017 15:19

Couldn't agree more melf

[melf] 25/1/2017 15:19

This was always going to be about medium to long term potential. Anyone who thought the dough was going to come flooding in after the first roll-outs is living in cloud cuckoo land.

at least TPI doesn't seem to be at his computer!

[ihatemms] 25/1/2017 15:16

Thanks SH - much appreciated. Looking forward to the full write up later.

[trinko] 25/1/2017 15:14

Already bouncing

[toyin] 25/1/2017 15:12

I think its a case of buy the dips!

All the best

[melf] 25/1/2017 15:12

"Martin said that if an offer cane in tomorrow for £5-6 he wouldn't take it"

like the sound of that :-)

[qs99] 25/1/2017 15:11

Or maybe, just maybe, the management have convinced people of the bright future and buyers / holders will be patient and wait for more compelling news as it comes? DYOR

[qs99] 25/1/2017 15:06

you may well be right, but looks like people are selling and sub-£1 may be on the cards today, but as you say 3 years time may look very different. just have to wait until the sellers are out....DYOR

[sheep_herder] 25/1/2017 15:03

bestace, there may well have been some, but I won't be expecting gangbuster full year results. Those websites are the distributors and the task now is for them to get customer pull through. It's not a hard sell.

Melf, I was too busy taking with a fellow pi. Besides, steak filling beats egg. :-)

Let me make an observation. If I was lucky enough to win a multi rollover euro millions, I'd stick it all in ALT. I think the mind boggling numbers that she SCSW talk about, and that I have in my spreadsheet, are very much real. It will be an exciting 3 years.

Edit: just to be clear. They didn't talk about numbers or sales and weren't allowed to. What I've posted is my view only. I don't personally care how many sales they've made so far as I'm holding for 10 years plus, or until they're bought out. As an aside, Martin said that if an offer cane in tomorrow for £5-6 he wouldn't take it.

[5070481] 25/1/2017 14:59

I'd be interested in knowing if there are no sailes or no material sales.

[bestace] 25/1/2017 14:57

If there were 11,000 websites up and running as of 14 November last year, it's rather disappointing and surprising if there have been no sales from those websites. Surely that can't be right?

[melf] 25/1/2017 14:57

Thanks and much appreciated SH.......I thought they were feeding you!!

[qs99] 25/1/2017 14:56

thanks SH. At £55m market cap then, it may be that people think a lot is in the price, which may mean until they start generating and proving the model that IMO these shares may drift, lets see. A really helpful update though, I'm a fan, just a realistic one and will watch for a while before adding any more.

GLA

[allstar4eva] 25/1/2017 14:52

Thanks SH. The update is much appreciated.

[sheep_herder] 25/1/2017 14:45

I'll write up a report when I get home but here's a summary. A very useful day and good to speak briefly with Martin. He's a very enthusiastic man!

There were a couple of takeaways.

One, they didn't say it but I wouldn't expect any sales to be flowing yet from the current deals. The distributor websites are up and the next task is how they engage the customers. That's the main task now but actually it sounds pretty easy. Here are the free tools to get you online. They're very confident about this.

Two, the market is massive and they need very little of the market to be really successful. The question was asked about how quickly they'd ramp up and Martin said he couldn't answer that as his advisor would kill him. But he did say that their aim is to become the backbone of this B2B marketplace and if they haven't done that within 3 years then they've failed. They have everything in place and just need to engage those end customers.

Three, their ERP software, and the stack in general, is top notch. They've spent 12 years getting to where they are now and he compared it to the quality of SAPs products. It's in use and had been for a long time so it's a proven product. The interesting admission was that they totally screwed up the business model for this. An example was given of one of their customers making $1.3m in profit and paying 200pcm for the software. Fail! So that's what these revenue sharing agreements come in.

Four, the new guys are top notch. Gellan spoke and he's switched on. He's run branding for some very big companies such as Apple and is really excited about coming onboard. Channl.com is the first part of that rebranding. The other guy, Sanjay was it?, seems to be quite a steal from vista print.

More later. Must eat.

[malcolmmm] 25/1/2017 14:42

Sanjay will join Altitude following seven years at Vistaprint. There he ran a variety of teams across the $300m revenue European business before heading Vistaprint's partnership business where he delivered strong growth, launching into new markets and products. Success in that role led to the launch of Vistaprint Corporate Solutions, which focused on the mid and enterprise market, and where Sanjay ran sales and marketing for North America and Europe.

Prior to Vistaprint, Sanjay spent several years on the executive team at lastminute.com, overseeing all major deal activity and enjoyed a successful early career in law.

Sanjay will join the Group with effect from 1 February 2017 and will be appointed to the Board in due course following completion of customary due diligence.

Gellan Watt

Gellan is a Global Brand Strategist and the founder of an award-winning creative and marketing communications agency.

Gellan founded Thinking Juice, the integrated creative and digital agency, in 2003. Thinking Juice was named Marketing Industry UK Agency of the Year, UK's Most Effective Agency, UK's Best in Strategy and was an RAR Recommended Agency for seven years running, winning numerous awards for their work for domestic and global brands.

In 2011 Thinking Juice merged with Emerge Group, which became the twelfth largest independent agency group in the UK, with Gellan taking the role of Managing Director and Chief Creative Officer. He also held a EMEA board role for AMIN Worldwide (the global independent agency network). He was placed in Elite Business' Top 15 Media Industry Power Faces in 2015 as well as The Drum's Marketing Power 100 and has been named Marketing Industry Managing Director of the Year.

Following the successful sale of Emerge Group in 2016, he now consults with global agencies and brands and start-ups on growth and brand strategy.

Peter Hallett

Peter becomes Executive Chairman having joined as a Non-Executive Director in 2015 and becoming Non-Executive Chairman in January 2016. Peter is an experienced public company director and was until early 2014 Group Chief Financial Officer of both Redcentric plc, the AIM-quoted UK network and cloud managed service provider, and Castleton Technology plc, the AIM-quoted infrastructure and network managed services provider.

Richard Sowerby

Richard joined the board in July 2013 and has helped to reshape the Group into the business it is today. He will step down from the Board on 30 April 2017.

Enquiries: