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Yes, the offer is 30p per share. Currently the market is quoted as 28-31, which suggests there is not much expectation of a higher bid coming in. The bid has already been agreed by the Attraqt directors so eventually receiving 30p should be reasonably certain. Therefore there doesn't seem much point in selling for less than 30p in the market especially after transaction costs are factored in.
I really don't know as much about this company as I should. Does anyone know who the major shareholders are - staff, directors, investment funds etc.?
Is it 30p?
Is this good news for us shareholders? I guess it is. It's a healthy premium to the current share price. Any chance of other bidders appearing?
'The board of directors of Aegean Bidco Limited ("Bidco"), an indirect wholly-owned subsidiary of Crownpeak Holdings, LLC ("Crownpeak"), and the board of directors of Attraqt Group plc ("Attraqt") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of Attraqt (the "Acquisition").
Under the terms of the Acquisition, each Attraqt Shareholder will be entitled to receive 30 pence in cash per Attraqt share.
The Acquisition values the entire issued and to be issued share capital of Attraqt at approximately £63.2 million.'
Attraqt CEO, Mark Adams and CFO, Eric Dodd present full year results for the period ended 31 December 2021.
Watch the video here: https://www.piworld.co.uk/company-videos/attraqt-atqt-full-year-2021-results-presentation-april-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/attraqt-atqt-full-year-2021-results-presentation-april-2022/
Attraqt CEO, Mark Adams, gives an overview of the full year results for the period ended 31st December 2021.
Watch the video here: https://www.piworld.co.uk/company-videos/attraqt-atqt-full-year-2021-results-overview-april-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/attraqt-atqt-full-year-2021-results-overview-april-2022/
well lets see what next week brings, shares not traded very much at all and languishing at 31p mid price...
Yes i'm in here and very happy wit h that update.
Buylongstayhappy
SP now highest since 2017.
Looks good to me....
"The second half of the year has seen strong momentum built with recurring revenue bookings 80% higher than in the first half, achieved from both existing and new customers. Momentum has been driven by the significant growth in online retail, the addition of innovative Artificial Intelligence (AI) Search capabilities which were acquired from Aleph Search in October 2020, and a continued focus on execution. Consequently, revenue and EBITDA for the full year are expected to show growth in line with market expectations.
The Group signed 38 multi-year contract renewals in the year, compared with 21 renewals in 2019. The second half of the year has seen strong momentum built with recurring revenue bookings 80% higher than in the first half, achieved from both existing and new customers. Momentum has been driven by the significant growth in online retail, the addition of innovative Artificial Intelligence (AI) Search capabilities which were acquired from Aleph Search in October 2020, and a continued focus on execution. Consequently, revenue and EBITDA for the full year are expected to show growth in line with market expectations.
The Group signed 38 multi-year contract renewals in the year, compared with 21 renewals in 2019. "
Attraqt have appointed Mark Adams from BigCommerce as their new CEO - effective 22 June 2020.
I'm lookimg forward to renewed progress at ATQT following his appointment and the other positive changes there.
Rivaldo, are you still watching/in this one? What do you think?
Additional to earlier comments: post period-end the tie up with BigCommerce looks good, ditto the 3 year renewal of contract with their largest client. One expands their potential customer base and the other shows the confidence their customers have in their product. :). Seems to be a case of 'try it, you'll like it'.
Results out today, causing a 15% drop. But they look very good to me, except that there is a warning that the next year may be a bit slow: "Macro-economic and political uncertainty headwinds in the latter part of 2019 impacted our H2-2019 bookings and hence our 2019 ARR exit rate. We entered 2020 with a strong pipeline of new opportunities but have been unable to accelerate the close of sufficient deals in January and February to offset the H2-2019 bookings shortfall. Whilst we continue to be comfortable with our expectations for new bookings in 2020, with c. 20% year on year growth, given the revenue recognition profile of SaaS deals we are prudently reducing our market expectations for the full year at this early stage.". Given the other metrics I don't think the drop is justified and have topped up. Loads of new logos (22), 98% retention rate, high and improving margins, revenue almost all SaaS, 21 multi-year renewals (2018: 10). With the retention rate, revenue increase (13%), margin increase (6% pts to 73%), and multi-year renewals short of an upset I think it only needs time for this to come good. Good news post period-end too. Today looks a good entry point and while it may be slow for a year when it goes it may fly.
Topped up. This share is way under the radar, and a big spread, but bought at a full 1p less than the quoted buy price. But at 70m Mcap I have some much smaller shares. Maybe they should put a little more effort into marketing themselves!
Canaccord target of 29 May
Hiding beneath the Radar
Buy ATQT
Broker Target Price = 55p
https://markets.ft.com/data/equities/tearsheet/profile?s=ATQT:LSE
Attraqt Group Plc engages in the provision of cloud-based Software-as-a-Service solutions. It focuses on operating Fredhopper Discovery Platform, a merchandising platform for online retailers. It also offers experience optimization, technical consulting, and customer support services. - - - -
https://www.marke****ch.com/investing/stock/atqt/profile?countrycode=uk
Luke McKeever Chief Executive
Ensures we have a vision, plan and a team in place to exceed our customers’ expectations.
Luke joined Attraqt in May 2018 as Chief Executive having led several successful international private and public technology businesses, including Portrait Software Plc, OB10 and Neighbourly.
I personally see great things developing for the various components of Attraqt Group, which will benefit it's shareholders in higher share prices - potentially three or four times current levels.
Read through the RNS details - you will get excited
Just my opinion - DYOR
Attraqt powers exceptional shopping experiences for over 300 of the world's leading retail brands.
The Company delivers omnichannel search, merchandising, and product & content personalization for retailers and brands. Simple-to-use interfaces and efficient workflows enable Merchandisers to take full control and enhance the value of smart automation with their own strategic expertise and creativity.
In 2019, Attraqt acquired Early Birds, the award-winning AI-driven personalization software provider.
Together, the two companies combine Attraqt's pedigree in data-led search and merchandising capabilities to optimize product discovery and visual curation, with Early Birds' award-winning ability to empower learning algorithms to orchestrate and personalize the entire shopper journey.
The benefits to retailers and brands will be the ability to orchestrate enhanced shopper journeys that also deliver superior commercial returns.
For more information visit www.attraqt.com
Thu, 30th May 2019 07:00
RNS Number : 5368A
ATTRAQT Group PLC
30 May 2019
30 May 2019
Attraqt Group plc
("Attraqt", the "Group" or the "Company")
Notice of Annual General Meeting
Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power exceptional online shopping experiences, announces that its Annual General Meeting ('AGM') will be held on 25 June 2019 at 10.30 a.m., at 236 Gray's Inn Road, Holborn, London WC1X 8HB.
A Notice of AGM has been posted to shareholders and a copy of the notice is available to view on the Company's website at www.attraqt.com
For further enquiries please contact:
Bid = 34.05
Ask = 35,85
Broker target price = 55p
Surprised Canaccord still invest they seem to get splattered every where . Lost loads every where I look .
Nothing too spectacular there, but some decent progress and a good outlook. Hopefully new CEO can now buy some shares if the closed period is over..