Altitude Group (ALT)

Sector:

Media

Index:

FTSE AIM All-Share

 30.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 52.00
  • 52 Week Low: 27.50
  • Currency: UK Pounds
  • Shares Issued: 71.14m
  • Volume: 6,869
  • Market Cap: £21.34m
  • RiskGrade: 490

Altitude warns of softer second half following record revenues in H1

By Iain Gilbert

Date: Thursday 05 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Marketplace operator Altitude Group expects first-half revenues to rise but warned on Thursday that its second-half figures looked set to miss expectations.
Altitude anticipates revenues of £5.4m for the six months ended 30 June, a 42% year-on-year increase, as US revenues grew six-fold to $1.9m in the second quarter.

However, the AIM-listed group cautioned that despite growing at a "historically record pace", second-half revenues would likely miss expectations and it will take longer to achieve the forecasted levels.

Chief executive Nichole Stella said: "Whilst revenues have not advanced as quickly as we had hoped, the investments made into the supplier partner programs, data insights and new member services offering, allow us to look forward with confidence.

"We have the technology and have successfully built out the necessary team, infrastructure and service offerings to drive a sustainable and growing business far into the future. I remain confident that the potential for the business is greater than originally thought." ​​​​

At 1055 BST, Altitude shares were down 37% at 58.19p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Altitude Group Market Data

Currency UK Pounds
Share Price 30.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 52.00
52 Week Low 27.50
Volume 6,869
Shares Issued 71.14m
Market Cap £21.34m
RiskGrade 490

Altitude Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.24% below the market average67.24% below the market average67.24% below the market average67.24% below the market average67.24% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
41.83% below the market average41.83% below the market average41.83% below the market average41.83% below the market average41.83% below the market average
23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average
Income Not Available
Growth
80.71% above the market average80.71% above the market average80.71% above the market average80.71% above the market average80.71% above the market average
86.36% above the sector average86.36% above the sector average86.36% above the sector average86.36% above the sector average86.36% above the sector average

Altitude Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 580 @ 31.00p
14:17 5,000 @ 29.24p
10:48 1,250 @ 29.72p
10:45 32 @ 30.99p
10:06 7 @ 30.99p

Altitude Group Key Personnel

CEO Nichole Stella
COO Deborah Wilkinson
CFO Graham Feltham

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