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ALT Altitude Group Plc

29.50
0.00 (0.00%)
04 Oct 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 7,806 08:00:00
Bid Price Offer Price High Price Low Price Open Price
29.00 30.00 29.50 29.50 29.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising, Nec 24.01M 697k 0.0098 30.10 20.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:35:13 O 21 29.00 GBX

Altitude (ALT) Latest News

Altitude (ALT) Discussions and Chat

Altitude Forums and Chat

Date Time Title Posts
03/10/202423:18Altitude - AIM Pro aggregating the PPM Market9,381
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) Most Recent Trades

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Altitude (ALT) Top Chat Posts

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Posted at 06/10/2024 09:20 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 30.10.
This morning ALT shares opened at 29.50p
Posted at 06/8/2024 09:58 by yump
Another hidden post.

Let me guess… fears of US recession… ALT will struggle to get more gear shop sales… blah blah

Well that is at least a bear case if you want to knock and ignore the actual business growth.

But perhaps its the reporting thing again. “The Market” doesn’t like it. Someone should be fired…

Or perhaps its attributing the share price drop to the business, rather than the global drop this week.
Posted at 30/5/2024 18:17 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 28/5/2024 14:04 by seangwhite
Trying to call the share price on this is definitely akin to picking horses by liking the name. Good luck to you North as unless the ALT board gets some decent newsflow you maybe able to buy lower in the near future.
Posted at 27/5/2024 13:08 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 12/5/2024 11:15 by seangwhite
The lack of any real updates from ALT have led to the current very low share price The next update will be in June I suppose in line with 23. Let's hope it is a really impressive one or ALT will retest old lows and surely be open for a cheap takeover.
Posted at 06/5/2024 18:56 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 16/6/2023 19:11 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 22:07 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."
Altitude share price data is direct from the London Stock Exchange

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