Share Name Share Symbol Market Type Share ISIN Share Description
Altitude LSE:ALT London Ordinary Share GB00B0LSFV82 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -0.60% 82.50p 1,365 14:51:35
Bid Price Offer Price High Price Low Price Open Price
81.00p 84.00p 83.00p 82.50p 83.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 6.11 0.13 0.25 330.0 45.1

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Date Time Title Posts
17/11/201812:15Altitude - AIM Pro aggregating the PPM Market1,124
01/7/201812:35Alternative Investments1
25/6/201807:06Altitude the only trade you'll need.5,434
23/5/201519:47ALT - bottomed out?119

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Altitude Daily Update: Altitude is listed in the Support Services sector of the London Stock Exchange with ticker ALT. The last closing price for Altitude was 83p.
Altitude has a 4 week average price of 70.50p and a 12 week average price of 66.50p.
The 1 year high share price is 106p while the 1 year low share price is currently 59.50p.
There are currently 54,689,634 shares in issue and the average daily traded volume is 63,978 shares. The market capitalisation of Altitude is £45,118,948.05.
millennial: FWIW I bought in friday when the advfn indication was around 70. Huge apparent spreads. I took 5k because that's all I was offered, and it's higher already. Altitude Group (ALT) : Corp Technology & Telecoms Interims Key data Share price (p) 93.0 Target price (p) 105.0 Market cap (£m) 50.8 Enterprise value (£m) 49.5 Interims highlight substantial progress in development of the distributor and supplier base of the ChannlPro platform. Members processing orders increased to 164 (Feb: 24; May: 57), of which 120 had placed multiple orders. The development of gross transaction revenue on the platform ($9.9m in the last 16 weeks) has advanced in anticipation of the margin Altitude takes from those suppliers, with the current focus on growing the scale and making ChannlPro the go-to platform for leading industry participant, distributors and suppliers. We review forecasts to accommodate lower near-term revenue, albeit all the operational KPIs are progressing in line with expectations as the scale of the platform develops. Twelve-month target price remains 115p, equivalent to an unchallenging 9x FY19 EBITDA, 13x P/E and a 5.4% free cash flow yield, target parameters which can be easily lifted with demonstration of execution credibility.
stephen1946: Very astute Rob. Walmart are not making the inroads in the sector that they would have wanted, plus there are a couple of other USA promotional outfits that could be interested, then you have Hedge funds that are always buying into promising companies like ALT. Martin replied to the question, "Do you think Four would bid for ALT?" with, "Four could not afford ALT, we might buy them" So its a question of, when the proof of the pudding is set on the Table on 25th Sept, how will the market respond? and how quickly has traction developed and where do Torch see Altitude going in 12months to 2 years in terms of income? I see Torch being very important now they have a grasp of Altitude, another extremely vital question that has been answered within the last 6 months? Is Altitude capable of surviving without, Martin Varley? The answer to that is an unequivocal YES. That question was holding the price down, now it has been answered, the Alt share price will rocket, why? because the Company has established its credentials as a well run, organised Cash cow. Martin Varley has proved beyond doubt that he is the Grand Master in the promotional products industry and he has no peers, plus he has built the most remarkable Machine from scratch to sell pots and pans to the World. The most astonishing aspect of Martin`s success is the fact that he has not been courted by a ftse 100 company to join their board, perhaps that is in the offing, if not, it`s a criminal oversight.
pietradura: A reminder from jon09 A reminder Remuneration for Torch shall involve the grant of two million Incentive Options the terms of which are as follows: 1. Incentive Options over 1,000,000 shares with a strike price of 90 pence per share, straight line vesting over three years 2. Incentive Options over 1,000,000 shares with a strike price of 90 pence per share and split into three vesting hurdles: - 333,333 options when the Altitude share price reaches 300 pence per share - 333,333 options when the Altitude share price reaches 400 pence per share - 333,334 options when the Altitude share price reaches 500 pence per share
john09: A reminder Remuneration for Torch shall involve the grant of two million Incentive Options the terms of which are as follows: 1. Incentive Options over 1,000,000 shares with a strike price of 90 pence per share, straight line vesting over three years 2. Incentive Options over 1,000,000 shares with a strike price of 90 pence per share and split into three vesting hurdles: - 333,333 options when the Altitude share price reaches 300 pence per share - 333,333 options when the Altitude share price reaches 400 pence per share - 333,334 options when the Altitude share price reaches 500 pence per share
stephen1946: My expertise in extracting meaningful information from numbers in any company, as i have said previously are, extremely limited. I dont post these views in any churlish manner, The numbers extrapolated by the various experts on here, with the greatest of due respect, actually mean nothing. I say that with all due deference to their undoubted ability. I look at Ocado, an unrealistic price for years. Then take Fever tree, a quite remarkable, unjustified valuation that shows no signs of stopping. Camellia, talk about varied activities, 10425 valuation selling farm produce and engineering, a ridiculous valuation. Ridiculous valuations and missed opportunities if you follow the number crunchers. I put Altitude in the same bracket as the above, pietradua predicts, £1.50, i would not bat an eyelid at £3.00 for exactly the same reasons for the ridiculous valuations above, and that is, perceived growth and fast profitability plus its position in a huge market and the company having an exclusive product, wanted by that huge market. I would also attribute the growth in the share price`s above as being due to Exponential growth factors, which apply more to Altitude than probably any of the above. The potential here is enormous, most certainly a chance for a few ordinary joes to become £millionaires in a very short space of time.
onjohn: Next torch option level target 300p 2. Incentive Options over 1,000,000 shares with a strike price of 90 pence per share and split into three vesting hurdles: - 333,333 options when the Altitude share price reaches 300 pence per share - 333,333 options when the Altitude share price reaches 400 pence per share - 333,334 options when the Altitude share price reaches 500 pence per share Peter Hallett, Non-Exe
mannymif: Stephen, I agree with you 100%, but the market still doesn't truly believe in ALT (otherwise the share price would be a lot higher). More and regular clarification is required. If the next statement from the company is in September, the price could bleed lower back down towards 60p by then. Now is the time to keep the positive momentum going. I have owned over 1% of ALT for over a year and the share price has ranged from 50p-98p, now is the time to break out of this range.
bpc10: Came across this from Stockopedia following last weeks rns:Altitude (LON:ALT)Share price: 94p (+19%)No. of shares: 53 millionMarket cap: £50 millionFinal ResultsBefore I get into these results, bear in mind that they relate to the year ending December 2017. Very late.Paul covered it last year, at the 2016 results, and called it "a complete punt".It had a placing back then, for £2.5 million, and raised another £1.5 million this year.The dilution hasn't been too awful - share count is up by 24% over the past five years.Description of the company's technology services:Altitude Group plc provide [sic] leading technology services, specialising in cloud and server based software that is catered to companies of any size and expertise. Whether you would like an end to end business management system to suit you [sic] company or access to product data from the industry's most comprehensive sourcing portal, you're in the right place.The key focus for Altitude is something called the "AIMPro Tech Suite". I think this is its website. It serves US distributors (members of the "AIM Group") and as such, Altitude's new CEO will be US-based.Altitude's e-commerce platform can be viewed at this link.ResultsExcluding the effects of an acquisition, revenues fell in 2017, from £4.3 million to £4 million.The Chairman says he is pleased that PBT increased by 71.8% in 2017, but the increase was merely from £73k to £125k.I'm not sure about how impressive this is:AIMPro was formally launched to 200 attending AIM members at the national PPAI trade show in Las Vegas in January 2018 to an immediately positive reception. Indeed we are carefully managing demand within our current resources, as any marketing to the AIM members and suppliers prompts immediate response and excitement. Marketing email opening rates of 38.5% (industry average 14.2%), a click through rate of 8.9% (industry average 1.6%) and web site visits to the AIM info site doubled in May illustrating their enthusiasm for engagement. My own mailing list is fairly small, but it's not very far from being the same size as the AIM Group membership. And my open rates are a lot higher than 38.5%!The industry average open rates and click rates are more typical when you have mailing lists of commercial size, rather than tiny lists with less than 2,000 members. I also find it a bit odd that investors should care very much that prospective clients are opening emails from Altitude.Having said that, the opening levels of activity on AIMPro do seem encouraging:More than 1.4 million items have been ordered through the platform on over 2,200 individual sales orders from the first 57 AIMPro members with total throughput of $2.8 million to date. 65% of active users have used the platform to place multiple orders.I wonder how much revenue for Altitude is generated by $2.8 million of sales throughput on its platform? These are very early days.Cash flow generation was ok, I'm happy to add back in the amortisation of intangible assets and depreciation so operating cash flow was somewhere around £550k for the period (from pre-existing publications and exhibitions businesses, plus six months of the new acquisition).Conclusion: This is too early-stage for me. There are a few interesting things happening with it, but I don't see how it is worth more than its net book value or a modest earnings multiple, based on achievements to date.It is trading at 5x 2018 forecast sales, and the StockRanks duly categorise it as Highly Speculative. As always, I'm happy to listen to arguments to the contrary
thebigshortfella: robbnw - you wish fella! As I said, I don't have a trade running on ALT in either direction. Please note that today's rise had nothing to do with any of ALT's recent RNS's. It will be interesting to see where the ALT share price is in a few weeks. But I am not going to get into a dull and boring argument about it... That said, I am intrigued by SCSW's discussion with Peter Hallett, so will be going long at the right price. Good luck fella.
thebigshortfella: Sheep_Herder, An SEO company (it stands for "search engine optimisation") is basically a company that finds ways to cheat the google algorithms in order to rank their paying customers websites higher in the search results for certain keywords. In simple terms, the top 3 organic ranked websites for keywords will take the lions share of the organic search business. If your website is on the 2nd page, forget about it. You won’t be found as searchers don’t go that far. Thanks – I am a big believer in getting under the hood of companies to understand how they operate. I am taking more risk than most (due to spread betting) and therefore I am always going to look for that edge through a thing called knowl-edge. :-) This is why I am happy to email those distributors because if I get one or two positive responses, it tells me those sites are open for business and the distributor is motivated. Exactly. This is a fantastic opportunity for ALT. They are providing the infrastructure expertise (building websites) that Aprinta don’t have the skills to do. ALT are doing the opposite of what most disruptors are doing which is disintermediation or more commonly known as cutting out the middleman. ALT are entering as the middleman between Aprinta and their customers. Inspired! With regards to the emails – that’s exactly what I am saying. I strongly doubt that most distributors have their customers email addresses. They have not needed to have them. They send their customers catalogues and I strongly suspect that most customers either phone in, come in or post in their requirements. I am not saying that they can’t transition these customers to email/web but I don’t think it’s going to be at the “flick of the switch”. It’s going to take time and this will mean that ALT will slowly ramp up it’s revenues. Just to qualify that last remark. ALT’s revenues could explode just based on scale, but I believe that it will take them a few years to really “squeeze the juice out of the lemon” and get the full extent of what’s available. EDIT: let's not forget that distributors will need to do things like find an email service provider, get their IP's whitelisted, build an email list, create newsletters etc. All things they have never done before. Re: convert existing customers. Great! I couldn’t make the presentation, so it’s comforting to read that. I have looked around the distributor site and, unsurprisingly, it does seem well structured. The good news is that if ALT have overlooked something in the customer journey they can quickly add it and roll it out across all of the distributors sites. I completely agree with your point about Gellan joining for his branding skills. As I mentioned, I am a huge fan of his. However, Gellan is a creative guy (this is why we should lock up our daughters) and despite all of our excitement in ALT it is a very dull sector. I like dull sectors. As Scott Galloway says: people make lots of money in boring sectors, its the cool sectors where they don’t. However, I suspect that ALT have overlooked the fact that the sites that they create will generally not rank on the 1st page of google. How much of an issue this is unclear to me. I don’t know how Aprinta position the sites to their distributors. If they have “sold” it to them along the lines of the sites will streamline your operations, I think they will be OK. If they have sold it to them that it will streamline operations and that they will pick up additional customers through organic traffic, I think they will be very disappointed with the latter. My concern for Gellan is that as their marketing guru he may be expected to spot this issue. Hopefully I am wrong on all counts. Re: PPDLive. I agree. I respect any company that listens to their customers, realises that they got it wrong, admits it and sorts it out. Just to be clear, I am a big fan of ALT. I am probably in a different position to most on this board though. I have a significant spread bet running at 70p. (It was squeeky bum time for me for a while at 60p). Therefore, I can’t afford to sit out the long term ups and downs and vagaries of the market. My challenge is to figure out approximately where ALT really sits versus its share price and get out before the share price gets too disconnected from reality. Re: I only emailed 2 or 3 companies. It’s a good point that it’s not a statistically significant proportion but I would have expected at least one response. My gut feel (and that’s all it is) is that these sites are not fully live yet. I have you to thank for that insight – so thanks! My goal now is to figure out if that’s the case or not. Best of luck!
Altitude share price data is direct from the London Stock Exchange
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