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Self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT) is “pleased to provide an update on trading for the financial year ended 31 March 2021” and the shares have currently responded more than 7% higher to 44p, but how ‘pleasing’ really is the update?...
Previously writing on self-styled “operator of a leading marketplace for the global promotional products industry” Altitude Group (ALT), last month I noted on delayed results for its half-year ended 30th September 2020 that its emphasis of continued COVID-19 related disruption suggested what it was delaying weren’t pretty. The company today reckons it “is pleased” to announce the results...
Self-styled “the operator of a leading marketplace for personalised products” Altitude Group (ALT) has made an “Interim results update”. Its half-year ended 30th September, so you’d expect it to be able to provide some decent detail by now. What does the update provide?...
Previously writing on self-styled “operator of the leading marketplace for personalised products” Altitude Group (ALT), in July with the shares 17.5% lower on the day at 23.5p I concluded cautious of the required recovery in transactional volume through 2020, with my prior update on the company and with a still more than £16 million market cap, natch still bargepole / sell. Now “Postponement of Results and Trading Update”, and the shares at 14p...
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!...
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...
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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