Altitude Group – “materially ahead of current market expectations”…but what does that mean at the bottom-line?
By Steve Moore | Tuesday 22 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Promotional products marketplace group Altitude (ALT) has issued a trading update emphasising that it “anticipates that FY23 trading will be materially ahead of current market expectations, and that the group will achieve record year-end results” and that it “also anticipates that the group will continue to experience revenue and EBITDA growth throughout 2023”. So what of a current 15.6% higher share price response to 26p, an £18.4 million market cap?
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