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Altitude - Wins further university contracts

July 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ALT
  • Price:
  • 37.5p
Altitude’s trading statement said FY23 results to end March will be at least in line with the recently upgraded forecasts, representing a minimum year-on-year increase in revenue of c.49% and adjusted EBITDA of c.74%. The swing factor has been the new contract wins in the Adjacent Markets Programmes (AMPs), which as I said in the April issue of SCSW is where it has tied up with a number of US universities to offer university branded merchandise. Altitude has also just announced further contracts, with more to follow. FY24 has started with a bang and is tracking significantly ahead of the same period last year. Results are due in July; buy. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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