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Altitude Group – activity now increasing & “believe… has sufficient financial resources and liquidity” BUT...

2020-07-07 11:40:42

Altitude Group (ALT), “the operator of the leading marketplace for personalised products”, has updated including “membership numbers are steady… with average distributor revenue increasing to c. $1m pa and aggregate member revenue of circa $2.2 Bn. Our VIP supplier partners remain unchanged at 175 from our last update” and “believe the company has sufficient financial resources and liquidity to see the business through to more normalized market conditions”. The shares are currently at 23.5p, 17.5% lower!...

ARTICLE NEWSFLOW

Letter to FinnCap: Your client Altitude is talking rubbish, please ask the FCA to investigate £2.2m director share sales and other possible market abuse

2019-09-06 08:42:56

Yesterday AIM Casino listed Altitude (ALT) served up a very nasty lack of sales and profits warning relating to the six months to June 30th as Steve Moore described HERE. What absolutely stinks to high heaven are three share transactions made by founder and NED Martin Varley. Those trades would have had to be cleared by the board and the Nomad, hapless FinnCap, to whom I have written in today, copying in the regulators. There is another big issue that needs investigating too...

ARTICLE

Altitude – “revenue has not accelerated as quickly as envisaged”… so about those £2.2 million director share sales!…

2019-09-05 11:58:56

Self-styled “leading provider of technology and information services to the promotional products, print and clothing industries”, Altitude Group (ALT) has updated including “growth in revenue in the US means that the US business is now self-funding and the group retains current cash resources of approximately £3.0m and has no bank borrowings” and “confident that the potential for the business is greater than originally thought”. The shares are currently at circa 60p – around 35% lower!?...

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