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Reaction to the 5th September statement has been severe. Share price more than halved in the month due to teething problems around the acquisition integration and slower immediate growth - although CEO more positive on the potential. Her statement:Nichole Stella, Chief Executive Officer, commented:"The acquisition is proving to be transformational, as underlined by the six-fold increase in Q2 US revenue. Whilst revenues have not advanced as quickly as we had hoped, the investments made into the supplier partner programs, data insights and new member services offering, allow us to look forward with confidence. We have the technology and have successfully built out the necessary team, infrastructure and service offerings to drive a sustainable and growing business far into the future. I remain confident that the potential for the business is greater than originally thought."
Results out on Monday and it may give some clarity as to how ALT will perform in the near future. Risky share to short as fairly tightly held.
Hope for all holders a decent RNS
I dont think so. Would be tempted to shut down your well played short now, food luck if you wabt ro gold through results. Theyve sold the uk business quite well i think. I also think they should have a turn up im fortunes im the us after their conference
Oh, they have left the building now.
When a director sells such an amount and a business is just starting out don’t be fooled ! Lower come here , valuation remains excessive
Big buy from an already significant external shareholder. Guess where he is based...Manchester. last time he bough a big chunk, the share price rallied massively. Could this be an indicator that results not as bad as expected?
I agree with you, disappointed by MGMT irresponsible optimism and Varley's big sale wheb he patently must have known they were off target.
However, the opportunity set for the firm is very large abd if they csn price it right and get the right salespeople/sales message, the company will flourish.
Its risky, clearly has inexperienced Exec team and there will be mistrust now of NED oversight with Valrey's actions. However, ALTs technology and packages are market leading.
If they can prove it up they might be a take out target. The potential upside is for me worth 3.5% of my portfolio.
Investors can learn from management buys and sells though, usually a good indicator on AIM abd indeed the broader market on whether it us under/overpriced.
My average is 0.89, well out of the money now! So what do i know :-)
Teething problems, that’s all. Q2 revenue 2019 still 6 x Q2 revenue 2018. Us$12m expected in 2019 (from $16m). If they get it right, will be many multiples of current price. US business self-funding. US$ 3m in bank and bid for UK business - no capital raise required. Undervalued - and let’s hope that we see further proof of concept at month end (and director buys) for investors. Sentiment will come back very quickly if they do.
40s coming as holders try to exit before the future updates
It’s as simple as that with ALT !
A re-rating back to where it was last week then!
Why are none of the young management team taking positions here? Its the only way the market will begin to back the company again. If they dont go all in after 30 Sept it will really show what theu think of the companies prospects
*************interviews
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Altitude Group PLC using EPIC/TICKER code (LON:ALT) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘CORPORATE’ today by analysts at finnCap. Altitude Group PLC are listed in the Industrials sector within AIM. finnCap have set their target price at 120 GBX on its stock. This would imply the analyst believes there is now a potential upside of 111.5% from the opening price of 56.75 GBX. Over the last 30 and 90 trading days the company share price has decreased 42.25 points and decreased 55.65 points respectively. The 52 week high share price is 119 GBX while the year low stock price is currently 53.56 GBX.
Altitude Group PLC has a 50 day moving average of 104.00 GBX and a 200 day moving average of 98.30. There are currently 68,785,223 shares in issue with the average daily volume traded being 296,187. Market capitalisation for LON:ALT is £37,487,946 GBP.
https://www.***************************/altitude-group-plc-111-5-potential-upside-indicated-by-finncap/412792236
.... for a start.
Reality is that no one will want to hold for the upcoming update!
Absolutely no way this tiny revenues play with a tiny cash position is valued here
Try UJO for a short as well. A right job been done on that, the valuation is insane. Headless chickens over there thinking they've won the world. That will go sub 0.2 so 20+ downside if you can get a short on it. This just hit day's low. 30s beckons.
We will see if they can convert
Over 500% of average daily volumes traded yesterday before this announcement, nearly all sells. Thats criminal to be honest. They have sprung a leak. Director sells just as bad, how was that not done on the basis of price sensitive info, are you telling me he didnt know they were miles behind target. Pretty dissapointing
Wonder if the directors will buy back? They need to put money where their mouths are. My guess is no.
A big Director sell knowing fine well they had a massive undershoot on forecasts followed by a less than subtle warning from the lady CEO. Classic small company optimism and mismanagement of guidance. Theyre at it again today - bad news but the CEO comment is very bullish again. This time though the markets wont take it seriously, theyve lost credibility and only results will now improve the share price from here, or MGMT team buying. Theu should really be doing the latter to shore this up and give some weight to the positive tone. If Stella and Co dont within a week or so, in the ers of easily accessible and cheap personal debt, it shows they are unwilling to back themselves.
One positive is that they shouldnt need additional funding...
That’s my only regret - not opening a short to join a long list of names.
This was getting heavily promoted on twitter. The director selling is truly shocking and the size is enormous. The city will now avoid this at all costs. I've opened a short here because the valuation is still truly nuts. Target low 30s. GLA.
And now you know why a director was dumping in mass !
Ridiculous valuation here
“overall revenue has not accelerated as quickly as envisaged by the Company“
“Q3 and Q4 revenues will track below expectations and it will take longer to achieve the forecasted levels”
And looks like ALT is possibly a leaky ship also . Seen the large dumps before the update ?