Attraqt Share Discussion Threads

[ifthecapfits] 31/10/2017 10:20

Any ideas as to the fall?

[deltrotter] 31/10/2017 08:05

Well one insti at least picking up stock on the drop it looks like.....

[deltrotter] 27/10/2017 15:49

Agreed pinkfish

[p1nkfish] 27/10/2017 12:05

If I was new FD I wouldn't want to be held to account for previous forecasts without a thorough review to make sure what is real. It also then makes sense to bring the bar down. 10% is too round as a number. I think it will be less then that. Not much less of a problem but < 10%.

[rivaldo] 27/10/2017 09:16

Indeed. Not good, but certainly not disastrous. Lots of recurring income, new contracts are being won and issues are being addressed. Plus there's £2.5m in the bank and breakeven this year.

[deltrotter] 27/10/2017 08:04

Agreed. New CEO doing their job. I will let the dust settle and average down.

[p1nkfish] 27/10/2017 07:55

At least they have cleaned house and are taking action.

[deltrotter] 26/10/2017 13:36

Still a buyer about IMO. Nice to see some volume as well this last week.

[deltrotter] 16/10/2017 08:47

Yup, I am long and strong here.... There is a buyer about picking up stock when they can.... Imo

[mysteronz] 15/10/2017 19:57

It goes without saying that google is not always the best for this type of information, thanks for the recommendation though ;)

[petewy] 15/10/2017 19:43

Have you ever tried Google Search...Duh

[mysteronz] 15/10/2017 19:34

A bit cheeky of my to ask, but are there any videos/interviews/webcasts that the company have done? Looks an interesting proposition.

Hopefully could add this to my Taptica holdings deltrotter :)

[deltrotter] 30/9/2017 07:29

Had a good wrote up in shares mag this week. They say it will be a winner long term and that the issue they flag in their interim will be short lived and only effect a small percentage of revenues.

Looks to be strong profit growth coming through now....

I will be topping up on weakness

[deltrotter] 25/9/2017 15:08

Tx rivaldo

[rivaldo] 25/9/2017 15:06

More extracts from N+1 Singer's note as promised:

"Transformed opportunity; executing to plan

ATTRAQT’s first set of results post the Fredhopper acquisition are in line and show the transformational impact of the deal. We are excited about the group’s opportunity to address the 56,000 online retailers it can target with its technology. The group has shown good contract win momentum and secured its second largest win in its history post period. It is growing double digit organically, has c.85% recurring revenues, profitable and cash generative. We believe there is the potential to deliver significant shareholder value from these levels, where valuation is at 2.2x 2018 EV/Sales."

"2nd largest ever win post period

The group won 13 new logos, including Arc’teryx, Brora, Country Attire, Hunter
Boots, Specsavers, and The White Company. Post period, there were further strong wins including one of the largest global sportswear manufacturers in the world across both EMEA and North American regions. This is the second largest win in the group’s history. H1 revenues together with the exit run-rate (£16.5m) give visibility of 93% of FY’17 revenues."

"2.2x EV/Sales 2018 attractive

ATTRAQT trades on 2018 multiples of 2.2x EV/sales, 14.4x EV/EBITDA and 23.2x PE.
Comparable SaaS companies have average EV/Sales of 3.3x and EV/EBITDA 2018 of 21.7x. With c.85% recurring revenues, organic growth in 2018 of c.17%, a highly operationally geared model, a positive demand environment and a global market opportunity, we believe the shares are good value. Putting ATTRAQT on the average 3.3x 2018 EV/Sales multiple implies a 68p share price."

[rivaldo] 20/9/2017 12:06

From Richard Holway's respected Techmarketview:



Conclusion:

"As we discussed when we met the ATTRAQT management earlier in the year (see Momentum building at the transformed ATTRAQT), we have been impressed with the ambition of the business and it appears to be sustaining it momentum. The business was added 13 new logos during H1, including some big brands like Arc'teryx, Auchan, Hunter Boots, Specsavers, and The White Company (it now has over 230 clients), and at the start of H2 it signed its second largest logo to date, with an as yet unnamed sportswear manufacturer, and has a strong pipeline for remainder of the year."

[deltrotter] 20/9/2017 09:55

Tx Riv - appreciated.

[rivaldo] 20/9/2017 09:45

Del, N+1 Singer believe the shares are "good value" and say their forecasts imply a 68p share price.

I'll try and post more later.

[deltrotter] 20/9/2017 09:21

Any broker comment rivaldo?

[rivaldo] 20/9/2017 08:00

Promising indeed - lots of new clients signed up too, which bodes well. And of course loads of lovely recurring income.

The key statistic is:

"Annualised H1 Exit Rate up 380% to £16.5m (H1 2016: £3.4m)" based on June's numbers.

[p1nkfish] 20/9/2017 07:48

Promising results and new products due. Good growth and Fredhopper will only help accelerate from now on.

[deltrotter] 19/9/2017 16:52

Still no interest here, maybe tomorrow might be the start of a rerating.

Fingers crossed and glah