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ATQT Attraqt Group Plc

30.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Attraqt Investors - ATQT

Attraqt Investors - ATQT

Share Name Share Symbol Market Stock Type
Attraqt Group Plc ATQT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 30.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
30.00
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Top Investor Posts

Top Posts
Posted at 28/7/2018 11:50 by p1nkfish
Kestrel have been doing a job on Ubisense with CEO change etc and it has started to turn around.

Kestrel, Aryemis & Azini can all be good active investors and all on this register.
Posted at 28/7/2018 11:01 by p1nkfish
Nick Habgood is via Azini partners (still involved with Azini) and Azini are an investor in OB10. A CEO of OB10 was the new Atqt CEO.

So there are new CEO & CFO both with strong links via previous employment with Azini and Kestrel. Old guard all swapped out and Bright Station out. I think that is a sign there are catalysts for real change in play.

Kestrel 19.6%
Lombard Odier 18.2%
Azini 16.2%
Hargreave Hale 8.3%
Herald Investment Trust 7.6%
Killik & Co LLP 5.6%
Artemis Investment Management LLP 4.7%
André Brown 3.1%

What will Andre Brown do with his 3%, now Wagner and Bright Station are out?
Posted at 26/7/2018 07:56 by dplewis1
Yes I find it very odd they don't even do an RNS-R when they sign a new logo. Just makes the wait between news too long for the average PI. I'm hoping Luke's sales and marketing background might be the catalyst for a bit more investor interaction..
Posted at 21/8/2017 08:52 by rivaldo
Still looking strong.

I came across this article in Shares Mag not posted here before which is a decent summary:



"Why Attraqt will make its profits breakthrough this year
17 May 2017, 11:57

London-based ATTRAQT (ATQT:AIM) is a small online and mobile display and inventory control technology start-up that is leveraging its Freestyle platform to become a trusted digital partner to many otherwise traditional retailers. Superdry, North Face, Timberland, Vans and Tesco’s F&F fashion brand are customers, among others.

The company’s update on Fredhopper today, bought in March, is flying under the radar of most investors – the share price remains flat at 44.5p. But it shouldn’t.

Scale at a stroke

ATTRAQT bought Fredhopper in a £25m cash deal in January, a cloud-based provider of onsite search, navigation and visual merchandising solutions to online retailers. That deal forced the company to suspend trading in its shares under listing rules because the deal constituted a reverse takeover, or in other words, when one company buys another business which is much larger in size. Share dealing resumed on completion of the acquisition on 8 March.

In short, integration is now complete across a number of levels from executive team, sales and account management and product development, with the group offering both Fredhopper and Freestyle merchandising products. Interestingly, a new vice-president of sales in North America has also been appointed, spearheading efforts in one of the key markets for international growth.

‘ATTRAQT had done well in the smaller and mid-tier market while Fredhopper had been most successful in larger retail organisations, generally those with their own IT department and infrastructure,’ explains Peter Roe of the TechMarketView website.

‘Whilst the deal with Fredhopper was primarily about creating scale to more effectively exploit the global growth opportunity, the group confirmed the potential for significant cost savings through better management and forward planning of the hosting infrastructure,’ explains Tintin Stormont, analyst at N+1 Singer.

Interestingly, Stormont points out that while ATTRAQT has yet to quantify this amount, ‘there is little in our forecasts by way of cost,’ she says.

The broker is anticipating maiden full year pre-tax profit from ATTRAQT in 2017 of £1.1m, a big step up from the £1.8m equivalent loss the 12 months to 31 December 2016. Revenues this year are set to go from £3.6m to £14.9m. Sales and pre-tax profits in 2018 are pencilled in at £20.4m and £2.6m respectively.

Shopping future is online

The internet is fast becoming the destination of choice for shoppers. Online sales across the entire retail sector, excluding food, have been outpacing in-store growth for some time. Online sales grew 18% last year (2016) and have soared by 27% over the past two years, according to figures from BDO, an accountancy firm. Bricks and mortar shop sales fell over both periods.

That represents a massive opportunity for ATTRAQT, with its best in class technology demonstrably improving client sales conversion rates, improving repeat business and streamlining benefits behind the scenes.

‘The combination with Fredhopper has transformed ATTRAQT in terms of its scale, financial profile, and market opportunity,’ says N+1 Singer’s Stormont."
Posted at 22/3/2016 10:16 by the prophet
Attraqt is run by Andre Brown, although DW is the chairman. Worth noting that DW and others in his family sold shares in the recent Azini deal, but Andre brown didn't.

Having said that, I don't like Attraqt anymore for following reasons:

1) They made a big play of not needing further cash, then raised. Not the end of the world, ok.

2) The business here simply is not scaleable. They are having to hire a lot of people just to increase sales by a piddly amount but ramping up the overheads. EBITDA break even has been pushed out several years, it is for something like second half 2018.

3)Last thing is company is completely investor unfriendly, the worst I have come across in 20 years of investing.

it's a bargepole job for me, no matter how low the share price falls.
Posted at 10/2/2016 10:35 by the prophet
They are well funded, the growth rate is 40%, revenues are 90% recurring, operating in an area experiencing very strong growth and set to continue in that vein for years to come, what's not to like?

Well, I guess profitability will have been pushed out by the recent hirings, but that expansion should pay big dividends in the years ahead.
The Azini lot ain't stupid either, they will have looked at this upwards, downwards, every way before sticking their £5m or whatever in. Also noticeable that chief exec Andre Brown didn't sell any of his shares to Azini and has a significant stake.

Whilst I expect strong revenue growth this year, it could well be that the full effects of the expansion plan are not felt till next year, so in todays world when next week is a long time for some investors, that may put off some. Or it could just be market volatility has meant we have distressed seller(s) here, difficult to say.

Anyway, annual results shouldn't be too far away now, that should prove informative. I can see these getting a market cap of £50m within a few years, ie 4 times up from current levels, so , happy enough to sit it out.
Posted at 01/12/2015 09:22 by the prophet
good to know there were other quality investors coming on board in the recent placing, from today's rns, like the 'impressive growth' bit:

"ATTRAQT is a fantastic platform for e-retailers and Azini's investment together with the other new institutions (Hargreave Hale, Killik & Co. and Mole Valley Asset Management) means that the business is poised for further impressive growth
Posted at 13/11/2015 09:46 by aylingd
Good interview on Proacative Investors:

hxxp://www.proactiveinvestors.co.uk/companies/news/108699/attraqt-sees-demand-for-merchandising-platform-grow-108699.html

D.
Posted at 12/11/2015 08:58 by the prophet
quick calculation indicates Azini have bought a substantial number of shares in the placing, as well as acquiring 5m shares from historical investors.

Azini will have c.32% of enlarged share capital, c.27m shares in issue post funding, indicates they will have c 9m shares. That would mean 5m acquired from historical investors and c.4m placing shares bought, out of a total of c.6.3m available.

Think I've got me sums right!

Certainly a vote of confidence. Worth looking a the Azini site and looking at their portfolio and investing criteria
Posted at 20/10/2015 14:07 by aim_trader
The management team from Attraqt will be presenting to investors on the 26th October at the Tech Capital Conference. To register, please click here:

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