Updates

Altitude

June 2024

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.

Altitude said it expects FY24 results to at least meet market expectations (adjusted PBT up 29% to £1.2m). But more importantly, it has had a “very strong start in April.” Rollout of its campus store network continues apace. New Gear Shop contract awards, with total estimated gross revenue of US$12m over their 5-8 year terms, have been won and the pipeline remains strong. Altitude has also been hiring new Affiliates for its Merchanting division, with a 23% increase in recruitment. Through operational gearing, it estimates this will drop through to 73% growth in adjusted pretax profit to £2m (eps 2.4p). Buy. ...

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Lords Group

Ultimate Products

Altitude - New wins leave campus gear shops with annualised sales of US$9m (September 2024)

Altitude (January 2024)

Altitude (August 2023)

Altitude - Wins further university contracts (July 2023)

Altitude (April 2023)

Altitude - Moves from “ready to scale” to “scaling now” (March 2023)

Altitude (April 2020)

Altitude (February 2020)

Altitude (December 2019)

Altitude (October 2019)

Altitude (June 2019)

Altitude - Forecast eps of 7.5p rising to 15.5p (February 2019)

Altitude - Latest traction data showing real jump off in revenue (December 2018)

Altitude - 14 of 30 top suppliers on-boarded (October 2018)

Altitude (September 2018)

Altitude - Gaining traction with AIMPro (July 2018)

Altitude (March 2018)

Altitude - Second bite at the cherry (November 2017)

Altitude - Market awaits Channl traction data (June 2017)

Altitude (May 2017)

Altitude (March 2017)

Altitude - Aprinta deal to go live in October (October 2016)

Altitude Group - Ground floor opportunity (September 2016)

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.

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