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ALT Altitude Group Plc

29.50
0.00 (0.00%)
19 Mar 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% 29.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 30.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising, Nec 18.76M 390k 0.0055 53.64 20.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 29.50 GBX

Altitude (ALT) Latest News

Altitude (ALT) Discussions and Chat

Altitude Forums and Chat

Date Time Title Posts
18/3/202414:50Altitude - AIM Pro aggregating the PPM Market9,124
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

Add a New Thread

Altitude (ALT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 11:56:0429.243,000877.20O
2024-03-18 11:22:1129.6810,1072,999.76O
2024-03-18 10:07:2829.221,198350.06O
2024-03-18 10:01:0629.689,9192,943.96O
2024-03-18 09:00:2929.0082.32UT

Altitude (ALT) Top Chat Posts

Top Posts
Posted at 18/3/2024 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 29.50p.
Altitude currently has 71,135,730 shares in issue. The market capitalisation of Altitude is £20,985,040.
Altitude has a price to earnings ratio (PE ratio) of 53.64.
This morning ALT shares opened at -
Posted at 20/2/2024 17:19 by daveme
It needs a good trading update to stop this relentless fall. Also a definitive statement, one way or the other, regarding a fund raising is required to stop the speculation hitting the share price.
Posted at 19/2/2024 15:00 by stars309
Major holders might also buy at this level, like they have again and again in the past. Huge upside at this price, share price likely returns to 50p and above with another positive update.
Posted at 25/1/2024 14:11 by maltrko
Has there ever been any correlation between FOUR share price and ALT. You cannot compare the two although you keep trying!
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 04/1/2024 17:52 by seangwhite
HNY North and hope the news on ALT can be upbeat and lift the share price The price now is flat from this same time in 23 even after the last good trading news.
Posted at 17/8/2023 11:23 by robbnw
1/4m is a lot here . Some days there are no trades at all Yes 50 p is an important barrier to cross but now what we need and we will get is consistent growth .I am more positive about ALT than i have been since pre Covid when the share price was over 100pSo glad i added loads when the share price was low Huge potential now If we pick up 160 unis which is only 4 percent of the market , that would catapult our trading results Whats not to like
Posted at 16/6/2023 18:11 by tole
https://masterinvestor.co.uk/equities/altitude-group-aiming-smarter-creates-big-potential/Altitude Group – Aiming Smarter Creates Big PotentialBy Mark Watson-Mitchell 16 June 2023 4 mins. to readAltitude Group – Aiming Smarter Creates Big PotentialAnnounced a week ago, the Pre-Close Trading Update from the Altitude Group (LON:ALT) informed the market that its results will be at least in line with market expectations.The results will not be published until the end of next month, however the shares appear to offer some good upside.The Sheffield-based group's main strategic objective is to provide a leading marketplace for personalised products in both the USA and in the UK.It also has its US headquarters in Philadelphia.The MarketplacePre-pandemic, the market for promotional products in the US was estimated to be worth approximately $28bn per annum.Approximately 76% of transactions are carried out offline.However, that percentage increases to approximately 90% for smaller distributors who comprise approximately 42% of the market.Additionally, it is very fragmented with some 4,000 suppliers and 22,000 distributors serving a very broad customer base spanning individual consumers to very large corporates and non-profit organisations.Today, the industry has emerged from the pandemic and is both resilient and growth oriented.The BusinessAltitude Group owns and develops the largest suite of technology services tailored to the personalised product marketplace worldwide.The company offers patented technology platform to its network with a built-in supply chain, as well as combines an e-commerce trading platform with a cloud-based CRM and order management system for business intelligence requirements; e-commerce website solutions with in-built patented online designer and pre-loaded product databases; patented online design solutions; and virtual sample services that allow personalised design on a product with imprint technique.It also provides various services, such as supplier relations, negotiated group discounts, events and exhibitions, catalogues, artwork services, and marketing programmes.In addition, the company provides various design tools, applications, and web site pop-up stores for promotional product distributors and suppliers.Major Contract WinsIn late March, Altitude announced that it had continued to grow its footprint across the US via its Merchanting programmes with the signing of multiple new significant contracts.The multi-year contracts will generate throughout their 5-year terms, an expected total combined gross revenue value of some $30m, including $8m signed and subject to State clearance.All the new contracts are expected to begin generating revenue for the group in the first half of the current financial year to end March 2024.The revenues generated will be in addition to the $1m gross annualised revenue already expected for FY24 under existing Adjacent Market Programmes contracts.These wins have a material impact on the group and demonstrate the success of the group's investment throughout the last financial year in the development and growth of its pipeline, yielding positive results across its Merchanting Programmes.The company has stated that a number of other major contracts of material value are in late-stage legal negotiations.CEO Nichole Stella stated that:"We are pleased with the continued momentum and positive start that we are experiencing in the early days of our current financial year.Management is focused on execution and delivery across all programmes, with particular attention to the roll-out of our disruptive AMPs.The Board is confident that the addition of AMPs to our business model, and managements track record in delivering growth, present a strong investment case to investors."The EquityThere are some 70.85m shares in issue.Larger holders include Martin Varley, Dir, (14.2%), Simon Taylor (13.4%), Keith Willis (9.49%) Stonehage Fleming Investment Management (6.10%), M J & M C Murphy (5.93%), Hargreaves Lansdown Asset Management (5.51%), Chelverton Asset Management (4.90%), AJ Bell Asset Management (3.63%), Charles Stanley (3.11%) and Peter Hallett, Dir, (1.83%).Brokers' View – Discount To Intrinsic ValueAnalysts Andy Hanson and Carl Smith at Zeus Capital recently updated their forecasts for both the last year and the next two following.Their estimates for the year to end March 2023 show revenues having lifted from £11.9m to £17.9m, helping its adjusted pre-tax profits to leap nine-fold from £0.1m to £0.9m, more than trebling earnings from 0.5p to 1.5p in the process.For the current year now underway and taking benefit from the new contracts, they estimate a near 50% uplift in sales to £26.1m, with £1.3m profits and 1.7p earnings.Looking into the 2025 year they see £35.6m sales, £2.2m profits and earnings of 2.5p per share.The brokers consider that Altitude's shares are trading at a discount to intrinsic value. They value the shares at 57.4p each.My View – Ready To Gain Altitude AgainIt is hoped that we may hear more positive contract news over the summer.This little £30m capitalised company is well positioned for rapid growth, which its shares will soon reflect in an upwards direction.Four years ago, the group's shares were trading almost three times higher than the current price.After having peaked at just 49.99p just three months ago, the shares now at 41.5p could well be ready to run higher again.Ahead of the July finals I now put out an easy Target Price of 50p.
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?
Posted at 30/11/2022 12:33 by rivaldo
Northwards, you mentioned ALT on another thread to me - funnily enough I'd already bought a few ALT in the mid-20p's, but haven't posted here before as it's a relatively small holding.

Anyway, here's some extracts from Zeus's note for those without access:

"Soaring higher

Altitude has released H1 results for the period to 30 September 2022 showing a
robust expansion of its Services and Merchanting programmes. The Group has
grown its global AIM Smarter membership, increased average revenue per
member, and expanded Merchanting by recruiting more high-quality sales
affiliates. Last week’s revenue and profit upgrades highlight strong ongoing
momentum from Altitude. We continue to believe the Group is well placed for
accelerated future revenue growth, with operational gearing providing
substantial drop through to earnings. The average of our valuation estimates is
now 51.1p, 49.2% upside to last night’s closing price."

"Outlook and forecasts: To date, Altitude has not experienced any adverse impacts from recent macroeconomic turbulence and is confident that FY23 EBITDA will be record breaking for the Group. Last week, explained in our 22 November note, we upgraded FY23 revenue by 18.8% to £16.5m and underlying EBITDA by 22.8% to £1.5m. Further increases to these forecasts could come from favourable FX movements, although our estimates are not predicated on this. Higher growth is forecast to continue into FY24, we therefore increased revenue by 21.1% to £23.7m and adjusted EBITDA by 13.6% to £1.8m.

The Group has signed new Affiliates in H1 2023 that are expected to have a $5m annualised revenue impact. With c. 40 Affiliates at the moment, Management has ambitions to increase this above 100. We continue to believe Altitude has a well-invested, scalable platform to materially grow revenue and earnings.

 Valuation: Despite the positive share price reaction to last week’s trading update, Altitude, at 1.4x FY23 EV/Sales, is still at a 31% discount to the average of UK small cap software and services peers (2.1x FY1). Applying the 2.1x peer mean EV/Sales multiple applied to FY23 sales, adjusted for FY22 net cash, results in a share price estimate of 49.3p for Altitude. We have updated our DCF analysis for latest forecasts and increased the discount rate from 10% to 12%, reflecting increases in interest rates since our March initiation. The result is a 22% increase in the DCF estimate from 42.2p to 51.4p per share.

We also roll-forward our discounted medium-term valuation estimate, now 52.6p per
share, assuming stronger growth in the years to FY26. The average of these three
estimates is 51.1p, 49.2% upside to last night’s closing price."
Posted at 10/8/2022 12:49 by steveberyl
Oh Dear, Somebody is trying now to distance the 2 entities from one and the other.

Of course you are right malt, Alt build Helicopters, 4Imprint do Newspapers.

This posters record does indeed speak volumes about his knowledge. Regards Nikki as a spare part ???





Recently PostedRecently LikedMost Liked
Altitude - AIM Pro aggregating the PPM Market - Post 8232ALT Altitude Group Plc MaltRKO 10 Aug 2022 13:31
MaltRKO
Exactly! Absolutely no correlation between ALT and FOUR and never has been.

Altitude - AIM Pro aggregating the PPM Market - Post 8196ALT Altitude Group Plc MaltRKO 02 Aug 2022 09:25
MaltRKO
Institutional buying is what is required. The amount they hold of ALT is pityful. Need to get on their radar as a priority.

Altitude - AIM Pro aggregating the PPM Market - Post 8180ALT Altitude Group Plc MaltRKO 28 Jul 2022 15:45 1
MaltRKO
The UK market has heard the same old story so many times now and really doesn't care anymore (and are probably nervous that if they do take the price

Altitude - AIM Pro aggregating the PPM Market - Post 8178ALT Altitude Group Plc MaltRKO 28 Jul 2022 12:10 1 1
MaltRKO
There are so many stale long positions now.Any rally will be sold into by many now to re-coup some funds and move on. Maybe after a few more results/

Altitude - AIM Pro aggregating the PPM Market - Post 8123ALT Altitude Group Plc MaltRKO 23 Jul 2022 12:43 1
MaltRKO
You are most definitely not alone Napoleon. The opportunity cost of owning these shares over the last few years has been shocking and I don’t

Altitude - AIM Pro aggregating the PPM Market - Post 8110ALT Altitude Group Plc MaltRKO 19 Jul 2022 10:08 2
MaltRKO
Napoleon, I agree. The problem is we are run like a privately owned company that has employed its friends to manage it and regardless of share price

Altitude - AIM Pro aggregating the PPM Market - Post 8084ALT Altitude Group Plc MaltRKO 27 Jun 2022 13:14
MaltRKO
How many years have investors been waiting for "Jam Tomorrow".If you want to buy into this sector then buy FOUR. Class act with a proven track record.

Altitude - AIM Pro aggregating the PPM Market - Post 8080ALT Altitude Group Plc MaltRKO 23 Jun 2022 21:22 1 1
MaltRKO
So, since Nikki joined the share price/ market cap has collapsed by 80%( before COVID so please don’t blame that). For this magnificent
Altitude share price data is direct from the London Stock Exchange

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