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ALT Altitude Group Plc

29.00
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Altitude Group Plc LSE:ALT London Ordinary Share GB00B0LSFV82 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 29.00 0.00 08:00:23
Bid Price Offer Price High Price Low Price Open Price
27.00 31.00 29.00 29.00 29.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising, Nec 24.01M 697k 0.0098 29.59 20.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.00 GBX

Altitude (ALT) Latest News

Altitude (ALT) Discussions and Chat

Altitude Forums and Chat

Date Time Title Posts
03/12/202411:38Altitude - AIM Pro aggregating the PPM Market9,431
21/12/202300:23Altitude the only trade you'll need.5,452
08/2/202323:43Can ALT can learn from PENN8
18/1/202118:09Can ALT Learn Frrom PEBB16
11/11/202021:09 ALT .good price rise again today29

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Altitude (ALT) Top Chat Posts

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Posted at 12/12/2024 08:20 by Altitude Daily Update
Altitude Group Plc is listed in the Advertising, Nec sector of the London Stock Exchange with ticker ALT. The last closing price for Altitude was 29p.
Altitude currently has 71,135,730 shares in issue. The market capitalisation of Altitude is £20,629,362.
Altitude has a price to earnings ratio (PE ratio) of 29.59.
This morning ALT shares opened at 29p
Posted at 03/12/2024 11:38 by chasbas
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
Posted at 03/12/2024 10:52 by daveme
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.
Posted at 15/11/2024 11:26 by martinmc123
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
Posted at 08/10/2024 19:47 by robbnw
Let's face it , at this price ,an 11 p rise in the share price to 40p is 37% growth in the share price and 40 p is itself dirt cheap
Posted at 07/10/2024 18:27 by robbnw
The reduced share price is not an indication of ALTITUDE'S performance , rather the state of the general small cap markets , mixed with the fears of the Labour budget . Many are worried that the AIM will be targeted in the budget .You can't get away from the factsALT is performing superbly The share price at current levels is a steal
Posted at 30/5/2024 17:17 by sweenoid
No news leaked and 40p is a derisory share price anyhow

When ALT release the trading statement ( imho week beginning 10th June) it will be a stonker. They will announce a beat on analyst estimates for FY 24 (ended 31st March), they will announce that trading in May maintained the very strong start to FY 25 that occurred in April and they are highly likely to give investors very pleasant news on Gear Shop that in their words “ has made a transformative entrance into the collegiate market” They also have already told us they are outperforming their peers.

I expect a significant re-rating, today’s share price in no way reflects the dynamic growth this company is experiencing and FY 25 will in my opinion rightly see this stock at least doubling its share price in the next 10 months- we shall see.


All in my own opinion, I have a huge investor here and fully expect a commensurate reward.
Posted at 27/5/2024 12:08 by rivaldo
ALT are tipped this weekend as one of five small caps to buy this summer (and they're the only one of the five that appeals to me, although admittedly I'm already a holder!):



"Altitude Group operates as a leading provider of technology solutions and promotional products. They offer a comprehensive range of services, including marketing tools, CRM systems, and e-commerce platforms, catering to the needs of distributors and suppliers in the promotional products industry. With a
focus on innovation and customer support, Altitude Group helps businesses streamline their operations, enhance customer engagement, and drive growth through effective promotional strategies.

Fundamentals

Altitude Group Plc, a leading provider of branded merchandise solutions, continues to demonstrate strong growth and market momentum. The Group expects to meet or exceed consensus expectations for FY24, showcasing significant revenue and adjusted EBITDA growth of around 100% over the past two years.

Current trading remains robust, with strong performances in the Merchanting and Services divisions, and promising new Gear Shop contracts. With increased US credit facilities and solid cash generation, Altitude is well-positioned for continued success and is confident in its outlook for FY25, supported by strategic
foundations and a capable team.

Technical Analysis

Altitude Group's shares have recently completed a bottom pattern after breaking through resistance at 37p. The initial breakout in early May propelled the shares to 40p, followed by a slight retracement to retest the newly formed support at 37p. In recent sessions, there has been increased buying pressure, leading to a strong upward move, reaching the highest price since November 2023. This momentum suggests that we will likely see higher prices in the coming months, with a target of 53p."
Posted at 06/5/2024 17:56 by yump
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 !
Posted at 14/1/2024 14:57 by chasbas
We all seem to agree that a placing to fund ORGANIC growth is perfectly justifiable and welcome at the right price. Unfortunately, fear of a dilutive placing has pushed the share price down to a ridiculous degree. Given that ALT is cash generative the company should be able to increase its borrowings significantly and should only issue new equity at a depressed price if it really has to.
Zeus's note on 28th Nov forecast (March) year end Net Cash as follows:
2024 £0.7m 2025 0.8m 2026 £1.5m

I am as fully invested as I can be and consider a share price below 40p as a gift. Zeus valued ALT at 57.8p.

The expected trading update in (likely) March or earlier is likely to be very positive on Gear Shop contracts. Anybody think the share price will be below 40p with or without equity issue after the TU? All IMO, good luck all!!
PS Even if a US economic slowdown/recession happens this year ALT is demonstrating secular growth and gaining market share, so should be relatively OK IMO
Posted at 10/5/2023 21:07 by seangwhite
Seems to me that it looks like somebody is trying to ramp the ALT share price - could the controllers of SCSW be the agent or a party for this?
Altitude share price data is direct from the London Stock Exchange

Altitude Frequently Asked Questions (FAQ)

What is the current Altitude share price?
The current share price of Altitude is 29p.
How many Altitude shares are in issue?
Altitude has 71,135,730 shares in issue.
What is the market cap of Altitude?
The market capitalisation of Altitude is GBP 20.63 M.
What is the 1 year trading range for Altitude share price?
Altitude has traded in the range of 26.70p to 47.00p during the past year.
What is the PE ratio of Altitude?
The price to earnings ratio of Altitude is 29.59.
What is the cash to sales ratio of Altitude?
The cash to sales ratio of Altitude is 0.86.
What is the reporting currency for Altitude?
Altitude reports financial results in GBP.
What is the latest annual turnover for Altitude?
The latest annual turnover of Altitude is GBP 24.01M.
What is the latest annual profit for Altitude?
The latest annual profit of Altitude is GBP 697k.
What is the registered address of Altitude?
The registered address for Altitude is 7TH FLOOR, 32 EYRE ST, SHEFFIELD, S1 4QZ.
What is the Altitude website address?
The website address for Altitude is www.altitudeplc.com.
Which industry sector does Altitude operate in?
Altitude operates in the ADVERTISING, NEC sector.

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