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graham-wales: I seriously hope you've done your due diligence properly! This company lost far more than £200k last year, you are quoting EBITDA... "30 November 2015, raising £3.3 million (before expenses)" The cash position previously was £310k so even they broke even there should have been £3.61m in the kitty. If they had lost £200k as reported then you would expect a cash position nearer to £3.4m but instead it is £3m What the company reported which you chose not to mention is that " Losses before tax were reduced to £0.73m" £730k begins to tell a more accurate picture of the previous trading period. Worse still - "In FY 2016, the investment of the proceeds of the fundraising in expanding sales, marketing and production (detailed further in the section below) are expected to lead to EBITDA losses increasing in the short-term, reflecting investment in the Group's operational expansion"
Only lost £200k and have £3 million in the bank. They have recurring revenue and looks like they will be in profit next year problem is not enough shares in freefloat. So guess as you say watch and wait to see if it will go lower. Not sure it will though.
Seems a heady valuation considering still loss making and reliant on increased contracts just to break the placings addiction. Better to watch and wait
They have agreed with shareholders that an offer doesn't have to made.
Am I wrong in thinking if someone goes over th 30% threshold they are supposed to make an offer for the company?
Black Friday today, let hope all our clients smashed all there internet sales records this year , Nice to see we also have a new client as well German screw fix ...... Is that a dating site ? :p
Published on Nov 12, 2015 https://www.youtube.com/watch?v=jclXTKsVSMU André Brown, co-founder and CEO of Attraqt (LON:ATQT), comments on the company’s £3.3mln fundraise, which he says will used to speed up the company’s growth rate in the UK and North America. The E-commerce merchandising software group will use the cash to expand its sales team, marketing efforts and client capacity, Brown explains. Shares in the group have climbed 17% since its AIM-listing in August 2014 and now trade at 61p apiece.
End to the week!
Only had a chance to skim through it this morning, looking very positive on the surface... Roll on lunchtime so I can have a proper read
$1.31 billion m cap. http://www.marketwatch.com/m/quote/tumi
New Amwrican contract. http://uk.tumi.com/country/select?redirect=true
Revenue up 40%. My guess they are now profitable
Hoping for some good figures and new contracts. Online shopping going to be massive this xmas.
End of this week or early next week.
http://www.retail-week.com/events/black-friday/black-friday-predicted-to-break-1bn-online-sales-barrier-this-year/5078465.article Small loss first half profit second half. New customers 20+.
mm's making the most of panic over Asia, dropping everything on small sells no doubt they will make a mint tomorrow when prices go back up.
...due in 3 or 4 weeks... will be very interesting... let's hope we see a tick up... though the wider markets are pretty rubbish :-(
They must have millions of the little buggers to sell.
The new partnership could be worth around £4.4mln per year, Brown suggests, based upon YUDU’s clients signing up for the new service and paying £20,000 annually. http://www.proactiveinvestors.co.uk/companies/news/109698/attraqt-boss-says-new-mobile-product-will-be-an-easy-sell-109698.html
Could these be next for ATQT Clients include Scotts and Co, Littlewoods and Lathwaites
Wonder if ATQT had anything to do with this. http://www.insightdiy.co.uk/news/screwfix-nails-it-with-yudu-catalogue-app/4148.htm
Increasing online sales. http://www.morningstar.co.uk/uk/news/AN_1438244575886023200/bonmarche-sales-up-in-quarter-but-weaker-growth-than-prior-year.aspx
Sounds like 220 new clients could be on the way also interesting that it's a sales partnership from the media. Ok prediction for year end results going with small loss or breakeven for second half of 2014/15 with forecasted profit for 2015/16
Almost certain now that they are generating profit.