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
  1.00 6.78% 15.75 478,681 13:04:04
Bid Price Offer Price High Price Low Price Open Price
15.50 16.00 15.75 14.75 14.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 6.60 -2.77 -4.38 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 112 15.75 GBX

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Altitude (ALT) Discussions and Chat

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Date Time Title Posts
03/12/202014:37Altitude - AIM Pro aggregating the PPM Market6,521
11/11/202021:09 ALT .good price rise again today29
01/7/201812:35Alternative Investments1
25/6/201807:06Altitude the only trade you'll need.5,434

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Altitude (ALT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-03 16:35:0915.7511217.64UT
2020-12-03 16:12:2915.5620,0003,111.11O
2020-12-03 16:12:2415.5620,0003,111.11O
2020-12-03 15:28:2415.5010,0001,550.00O
2020-12-03 14:48:4115.6577,52512,132.66O
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Altitude (ALT) Top Chat Posts

Altitude Daily Update: Altitude Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker ALT. The last closing price for Altitude was 14.75p.
Altitude Group Plc has a 4 week average price of 12.25p and a 12 week average price of 9.75p.
The 1 year high share price is 57.50p while the 1 year low share price is currently 9.75p.
There are currently 70,096,179 shares in issue and the average daily traded volume is 171,952 shares. The market capitalisation of Altitude Group Plc is £11,040,148.19.
seangwhite: The drop in share price on ALT today and the rise in PEBB makes it hard to make sense of what is going on with ALT. I hope as a holder the read across on PEBB is that ALT is getting back to some sort of normal levels of turnover. The increase in PEBBs user base is impressive especially so in current times.The next ALT trading update might hopefully be able to match PEBBs recent one. .
stars309: I bought more today on the back of a clear update and a stable cash position. Alt are clearly managing the pandemic just fine. This share price will take off along with the recovery of the promo market. I cant wait to see 20,30,40,50p,100p, knowing I filled my boots at a bargain price, 10p. Roll on 2021, Alt will go from strength to strength and reward those who have faith.
thebigshortfella: Billster - I generally agree with you. We shouldn’t ignore that ALT’s pivoting, RNS updates and expectations management has been absolutely laughable at times. As a result, some are going to be dubious. I don’t believe that ALT will go under, but I can foresee the share price falling further due to the ongoing Covid & economic uncertainty. It has the potential to be an absolute bargain though and when it does I will be buying. GLA.
thebigshortfella: Morning John09, With regards to you comment about revenues: “8m revenues... in 15 months ... despite them apparently taking a cut of £2.2bn a year lol and 25% of the 8m is not reliant on transactional volumes so have they taken 6m from transactions (In 15 months ie £400k a month revenue) ? Didn’t the aim group used to take 5m a year... ta dahhhhh!! If they are genuinely taking a transaction cut I make it 0.2% I.e a fifth or one percent lol” If this is the case it would be a worrying situation. I am not convinced that this is correct though as they are not taking a cut of the $2.2bn revenues, but a cut of purchase orders placed with “VIP” suppliers. Picking up on Kemche’s point that there is still confusion as to how ALT’s business model works. Here’s my summary on ALT (some of it is based on a discussion on this board that included Billster and Northwards): In January 2019, Altitude acquired the trade and certain assets of AI Mastermind LLC. its key client. AI Mastermind, now AIM Smarter LLC (AIM), represents the largest promotional products network in the US. AIM has a membership base of 2,103 (down from 2,185) distributors across the US, representing approximately 10% of US distributors. Altitude purchased AIM in order to own the 2,103 client base and thus created the opportunity to become an aggregator. The expectation is that if you own the customers, suppliers will come. AIM members place $1.2bn of purchase orders annually through suppliers that AIM allow to service their clients. Altitude now provides suppliers with the opportunity to become “preferredR21; aka “VIP” suppliers. By doing so, these suppliers have greater access to AIM’s members and, as a result, can increase their revenues. In return, Altitude charges a 4% commission* from the VIP supplier. (*The actual percentage fee is not entirely clear) Altitude believe that approximately 60% to 70% of the $1.2bn of purchase orders is addressable via preferred supplier partners in the long term. If they were able to achieve this at 65% the revenues for ALT would look as follows: $1.2b x 65%= $780m Multiply by 4% (Altitude’s commission) = $31.2m Allow for currency exchange @1.3 = £24m revenues for ALT There is speculation that Altitude only need to pursue another 25-50 suppliers to gain geographic and product spread. As a guestimate, prior to Covid, Altitude were potentially addressing 28% of the 65% addressable market. This breaks down as: $1.2b x 28%= $336m Multiply by 4% (Altitude’s commission) = $13m Allow for currency exchange @1.3 = £10m revenues for Altitude Obviously, these are just guestimates and, in reality, the revenues are lower due to Covid. However, I believe that this addresses the point you made about the transactional cut being fifth or one percent. I would greatly appreciate if yourself and others put me straight if anything is incorrect. Cheers, TBSF
john09: This was the one. Don’t read what I’ve written . Read this 3 July 2019 ALTITUDE GROUP PLC (the "Company", the "Group" or "Altitude") Director/PDMR Shareholding Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, announces that the Company was informed today of two sales of ordinary shares of 0.4p each ("Ordinary Shares") in Altitude Group plc by a director of the Company. Martin Varley, Non-Executive Director, sold 2,000,000 Ordinary Shares at a price of 100 pence per Ordinary Share on 3 July 2019 and 125,000 Ordinary Shares at a price of 110 pence per Ordinary Share on 28 June 2019 (together the "Share Sales"). Mr. Varley has completed the Share Sales in order to satisfy significant demand in the market from institutional investors and to provide some required liquidity in his private life. Commenting on his recent share sales Mr. Varley said: "I wish to remind shareholders that I remain heavily invested in the Group that I founded, and I remain a long-term significant shareholder. There are inevitably times where one needs some personal liquidity to satisfy existing obligations and I hope the lock-in agreement I have entered into over my remaining holding demonstrates the continuing nature of my total belief and support in the Group. At the same time, I strongly believe that further diversifying and strengthening of our share register with institutional grade investors will serve the Group well and I am pleased that these necessary share sales have been able to further this ambition.
mannymif: I very rarely look at this site anymore Firstly, I own a significant number of shares and am a long term shareholder. I believe in the long term viability of the model and will not be selling any shares in the short or medium term. The ultimate goal must be to get the share price higher and then move the listing to the US (as we are a US company) and get a re rate of the share price. We are a technology company based in the states after all and look at what has happened to that sector recently!! ALL MY OWN OPINION ONLY So how do we get there and why are we where we are now? Looking at the timeline, Nikki joined to head up the US operations in Sep 2017 and the share price then was 60p. This was viewed as a big positive by the market, as she has a lot of experience in the day to day running of other companies in the industry which would allow MV to provide the macro overview to take the business forward (his expertise). When Nikki became CEO in June 2018 and MV stepped down from chairman to be a NED, the share price was 90p. A year later, after much positive news about the AIM smarter takeover and how well the new business was doing, the share price was pretty stable around 110p....then out of the blue there is a severe profit warning and the share price collapsed to around 45p where it stayed until COVID can be blamed for moving the share price from 45p to 15p. My concern is the share price collapse from 110p to 45p. How could the market have mispriced the ALT performance so badly. I have heard the blame pointed at the broker, and the PR company being poor, so why haven't they been changed? Ultimately the market price was based on brokers forecasts (from data given to them by ALT) and the positive roadshows which drummed up buying interest, made by the board of ALT.)The ALT board need to take a good look at where the breakdown of communication was and deal with it. To cause such a negative reaction after profit warning, which is still ongoing (as seen by the share price),it feels like the investment community have lost faith in the ALT senior management after feeling misinformed leading up to Sep 2019, and I can't see that changing until some very strong numbers over a long period of time and possibly some board changes. In my option, getting the share price higher is in three stages.The first stage will come when the numbers prompt the PI's into pushing the share price through chart points, The main one from here for me is 60p. If this happens, we could see a move back up to previous highs. Stage 2, the institutions get interested. I don't think they will buy before then as they have been burnt before and have long memories. The third stage will then be a move to a US listing. so how do we get there? Nikki, who i have met on many occasions , is an extremely smart person who is extremely qualified in the day-to-day managing of the business (and for that reason I think she has our cash management position well under control), but maybe her skill set is not the big picture macro view that MV gave the business and she needs some help in that area. Let her just focus on the running of the business as its the numbers that will ultimately get the investors interested and the share price higher. Brokers and PR. I have long thought that we need a broker that has a bigger presence in the US as we are a US tech company that no one in the US knows about!!! PR, what an absolute shambles. I would have changed that long ago. Our RNS's are a laughing stock. We have been poorly let down in that area. Chairman. Edelman has been chairman for 6 months and can't even be bothered to update his linkedin profile, shame on you! Surely we can get someone on the otherside of the pond who is more interested in and focused on ALT than he is (he has fingers in many pies) and drum up a bit of investor interest there (none of our major investors are US based)! Company name. We are AIM smarter in all but name now. Change the name and avoid the confusion. When you look for altitude plc on the internet now it takes you to the aimsmarter page. Lastly, there has been a lot of talk on this board recently about major shareholders selling up. If they feel the share price will languish down here for the long term, i can definitely see some selling as there are some great investment opportunities elsewhere. The company should make any necessary changes quickly to get the share price higher. I regularly hear that BOD's are focused on the long term value creation for shareholders. I would say its foolish to think the company won't be taken over in the short term as the valuation is pocket change. Maybe focus on that first as you won't be around long term!
seangwhite: Hard to see anything here till after results this month. The way the share price has tanked does not give holders much of appetite for any sort of fund raising. Unless they have been incorrect in press updates ALT should not need cash. Unlike PEBB it went into this with no debt and cash to hand so the recent share price drop makes the PEBB price look over rated.
thebigshortfella: Billster - I like your thinking. I suspect we are coming from a similar place, ie is ALT about to become a worthy speculative punt? I agree that ALT “appear” to have a “potentially” scaleable business model. The problem, as John09 has pointed out, is that they have pivoted far too much and at times it looks as though they have been just clutching at straws. Furthermore, I believe that ALT has overestimated how easy it would be execute on their plans with AIM. I’m not saying they can’t get there, just that it will take them far longer than they and investors imagine. It’s entertaining reading all the excuses and justifications provided by long term investors for ALT’s poor performance. It seems no one is at fault for the crash in share price! I agree with you that Covid has come at a particularly bad time for ALT and it’s investors. What it has also done is obscured (up to a point) if the new business model works. I do agree with John09 that the supposed strength of their solutions, should be that they have a far better idea of tracking throughput and, therefore, revenues. I’m not trading ALT at this stage, but will be checking the next update to see if I should take a position.
thebigshortfella: Seangwhite - I believe the reality is that ALT don’t have anything positive to say. No increase in preferred suppliers etc. Even PT Barnum would have difficulty waxing lyrical about ALT. Obviously, I could be wrong but I foresee the share price drifting lower over July and August (why would anyone buy?) and then comes the September update. No prizes for guessing whether it will be a positive or negative one. My plan was to take a punt on ALT at a much lower price as they get clobbered for poor updates (but show signs of winning with their new model). However, at this rate, even if the share price falls far lower, it’s unlikely I will have any real insight as to whether their business model is really working or not.
seangwhite: Whichever way you view this the information given out today by ALT is opaque at best although in the current economic climate is understandable. The comparison to FOUR being in a similar business sector should give some concern to ALT holders as it highlights the lamentable financial PR that ALT seemingly has.The next update in September will see the share price drift and leave holders wondering where this is really going in the longterm.
Altitude share price data is direct from the London Stock Exchange
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