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Added more
I'm convinced that Nickel Investor is a deramping account hahaha. Saw him over on the Serica board too... :)
Net assets a mere £4.4m and that's down as well
Crazy inflated price this
Grossly over priced at these levels
For those who have not gone through the most recent RNS with a toothcomb, I really recommend a read. There are a couple of really interesting nuggets buried down the page in Nicole Stella review. Just as a taster, here is one:
"Nevertheless, sales order throughput totalling more than $31.0m, from over 400 members was captured in the first 5 months of 2019...". Feel free to check, but in November 2018 the corresponding number was 240. An increase of 66.6% in 6 months. Oh - and there are another 1600+ AIM members to go at.
I leave you all to do your sums regarding average order values/spends through the system, but it looks to me as if the "machine" is both working smoothly and accelerating. Added more near yesterday's lows.
GLA
GS
Fairly typical market reaction. When the dust settles I will be buying more.
GS
good summary by finncap this morning
Prelims: Progress since acquisition
Altitude prelims are in line with expectations and lead to unchanged forecasts. The focus on the performance of AI Mastermind, since rebranded AIM Smarter (“AIM”) has continued to deliver momentum in member numbers (up 10% since January to 2018). With the extension of the supplier partner agreements to cover all transactions with members, not just transactions on the AIMPro platform, the focus on “onboarding” is now eased in favour of signing up suppliers to commit to service fees to Altitude/AIM regardless of how the order is placed on the supplier– already having been achieved for 149 suppliers. Prospects remain strong, the acquisition is delivering the potential outcome in line with unchanged forecasts, and the valuation continues to expose more and more upside as proof of execution success is forthcoming. Target 140p reiterated and we look forward to continuing news flow and development and execution of a simplified set of KPIs to demonstrate growing service fees from a growing transaction flow from a growing number of distributors.
Despite the naysayers - who presumably are short and want the sp to fall, this is a very strong update indeed. Even they would see that if they actually read the RNS a little more carefully.
Building a business takes time and anyone who actually reads the RNS can see that AIM is now flying. For example:
"sales order throughput totalling more than $31.0m, from over 400 members was captured in the first 5 months of 2019, with the weekly average rising from $1.0m per week in March to over $2.0m per week in April (2018 full year sales order throughput totalled $19.9m, averaging $383k per week). We anticipate the weekly average sales order throughput to continue to rise as we capture more data in the coming months."
Given what ALT says about expecting "sales order throughput to continue to rise" that translates into the WHOLE of last year's order throughput more than doubling in the first half of this year. As ALT makes something on every order, that is a stonking performance. No wonder the management team is excited. So am I.
GLA LTH's
GS
Altitude progress during the first part of 2019 seem limted, they dont even put in the comp table for order, sales etc anymore, not a good sign.
Nickelanddime investor - something tells me that you may be far too intelligent for this investment malarkey.
Transformative acquisition of AIM completed post period end. Progress on AIM front seems to be going well.
Illogical to focus on the progress of the historic business. Instead have to look at progress of AIM and it's $1.9bn throughput revs. Compare KPIs in today's RNS vs January "Project Nevada" presentation.
Tiny increase in revenues, cash eroding, a big loss now on the books
This remains grossly overvalued
17% - even better.
I forgot to say that SCSW is published on 8th June. As ALT is in its Portfolio 3 and it has not commented since February, expect a write up in 2 weeks as well which - assuming good results - usually helps the sp along a bit.
GLA
GS
Up 10% since 14th May and I think there is still more in the tank before the results due on 28th May. That is this Tuesday.
In addition, if ALT follows similar timescales to previous years, there will be an AGM statement in mid-late June.
I think there is every possibility that Tuesday will be very bullish and in about 4 four weeks the update will be even more so. Finncap has eps more than doubling to 15.5p this year and so I am looking for quite a bit more on the sp by the end of June.
GLA
GS
If the news on the 28th regarding the onboarding of clients and conversion of the same onto the platform proves to be even close to expectations then I suspect all targets will get to look very silly.
Here's hoping anyway.
I am very long here as I added a lot in the December "crash" and have a fair sized long bet as well. So with an average cost of about 80p a share, this is getting interesting for me. Especially as I am beginning to sense an uptrend - I am not a great believer in charts, but there does seem to be a rising support line from December to now. If that is correct then there is a fair way for the sp to go between now and the end of May. 120p looks v likely and IMO there is a chance of 140-150p. I will cash my bet if that happens, but I will continue to hold about 30,000 shares long term with an eye on 250-300p
One swallow a summer does not make, but the last few days have been a good start.
GLA LTH's
GS
:)
Looks as if the SP may be beginning to rise in anticipation. See RNS 10th April - CEO: "The Board looks forward to providing a more detailed update on progress and the exciting evolution of the business on 28 May 2019 when we publish our year-end results." I am sure there will be ups and downs, but the trend should be up.
GLA LTHs
GS
No, it does not because the market has already been told the results will be in line with market expectations.
Given the statement of 10th April, I would expect them to be just that. What the chairman & chief exec have to say on 28th May about current and future trading is much more important. Reading the RNS of 10th April - feel free to re-read it - this year has started well.
And if I was guessing, there were no numbers for 2019 because ALT was expecting more (significant) action between then and two weeks from now.
GLA LTH's
GS
ALT on the cliff right now.
Needs a very good set of results (which are coming out soon) to support the current price
The begging of the question seems to be doing a swift reversal.
Begs the question "WHY?"
Price continues to look too rich here.
Buy up continues........
Sell down continues. A few sucked in given placees the chance to sell at a massive profit