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ALT Altitude Group Plc

0.00 (0.0%)
05 Dec 2023 - 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 0.0% 36.00 48,849 16:35:01
Bid Price Offer Price High Price Low Price Open Price
35.00 36.00 35.50 35.50 35.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Advertising, Nec 18.76M 390k 0.0055 64.55 25.15M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:01 UT 3,750 36.00 GBX

Altitude (ALT) Latest News

Altitude (ALT) Discussions and Chat

Altitude Forums and Chat

Date Time Title Posts
03/12/202322:12Altitude - AIM Pro aggregating the PPM Market8,980
02/8/202310:11Altitude the only trade you'll need.5,445
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

Trade Time Trade Price Trade Size Trade Value Trade Type

Altitude (ALT) Top Chat Posts

Top Posts
Posted at 28/11/2023 07:19 by steveberyl
What an amazing Team has emerged here at ALT.

Whilst others flounder, ALT is growing in Stature. These results are outstanding

50-60p anyone ??
Posted at 16/11/2023 12:35 by chasbas
I've sold one of my favourite shares to buy more ALT below recently ploughed 25% of their bonuses in at 43.5p. I am going to get very excited with Nichole on 28th Nov for H1 results to 30 Sep. US economy was really strong in quarter up to 30 Sep and remains sound for the moment. I don't see how Gear Shops will be affected badly next year if a mild recession occurs, as predicted by many. I'm not saying that ALT is completely recession proof but it ain't cyclical IMO. GLA!!
Posted at 03/11/2023 12:18 by yump
I'm tempted to have a few of these now that growth seems to be accelerating.
Watched investor meet.

I'm curious as to whether its (just!) a very well run business, or whether there is actually something different about it or the technology used.

Is it that they are small enough to get the inroads into the college gear space and other bits of market that the two larger players have been slow to spot ?

I note they are winning a good proportion of contracts and using the word 'disruptive' a lot. Are they just better at selling or do they have a usp that's helping to secure the contracts.

The affiliate area is interesting because as a middle-man, in theory it doesn't matter which affiliate provides sales - ALT will still get the revenue, even if the affiliates are competing amongst themselves. Unless they work in separate territories - but afaik there is no way of forcing that to happen, unless ALT allocate them - which might lead to more loyal affiliates.

(A bit of o/t: In most areas, affiliates compete amongst themselves and the middle man network gets a % of the revenue. That's why most networks in the AM space did nothing to stop cashback and voucher code sites hijacking the original affiliate idea of websites generating useful and informative content about a product, in order to get a click and a sale).

So a middle man is effectively independent of marketing effort and spend in whatever market its operating in, which for ALT is PPM.

(ASOS, Gear4music and loads of others originally expanded their sales rapidly through affiliate marketing).
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 21/7/2023 07:38 by steveberyl
Been watching the activity in Four, it is amazing the strength that Four has been given by USA. Investors in Four are paying a ridiculous Price for a `Free gift` package, or are they ?? Somebody knows something, support for Four is undaunted by any World events.

Which brings Alt into focus. Alt cannot be ignored, simply because it Mirrors Four in so many ways. Analysts spend far to much time looking for faults in Alt, there has only ever been ONE FAULT, KE. He has now gone and Alt team have repaired the CONSIDERABLE DAMAGE he caused. I have never met Simon Taylor but he must be one hell of an influencer, one hell of an organiser. Working in the background with Martin Varley, an unsong Double act of Considerable talent. I would bet a Kings ransom these 2 will succeed.

25/07/23 will see the results of those repairs. Trading after the Update will commence at 60p and continue rising throughout Tuesday. AIMHO .
Posted at 16/6/2023 18:11 by tole 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 08/6/2023 08:21 by rivaldo
Zeus have retained their 57.4p valuation and summarise:

"Trading update highlights strong start to FY24

Altitude has released a trading statement this morning confirming FY23 results will
be at least in line with Zeus’ recently upgraded forecasts and trading in the first few weeks of FY24 has been strong. The upgrades put through at the time of the last
update (28th March) were predicated on new contract wins in the Adjacent Markets
Programmes (AMPs) leading to an increase in EBITDA expectations of 11.9% in FY24 and 24.2% in FY25.

The contracts underpin the strong start to the new financial year but encouragingly momentum has been maintained across the Group with both the Merchanting and the Services divisions continuing the positive performance seen during FY23. Zeus leave forecasts unchanged today, apart from a slight increase in FY23 net cash, but the strong start to FY24 provides confidence in estimates that factor in 47% revenue growth and 38% pre-tax profit growth yoy. Altitude shares trade below our valuation estimate, updated at the end of March, of 57.4p per share, offering 37% upside to last night’s closing price."

"Valuation: We continue to believe that Altitude shares trade at a discount to intrinsic value. Based on Zeus forecasts, Altitude trades on an EV/Sales multiple of 1.1x FY24, compared to a 1.8x average FY2 EV/Sales multiple for a broad set of UK small-cap software and services peers. Our DCF analysis provides a 54.9p per share valuation estimate and our discounted medium-term valuation estimate is 54.2p. The average of the three valuation estimates is 57.4p, which represents 37.0% upside to last night’s closing price."
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
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
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
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
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
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
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
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
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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