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Altitude

April 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:
  • 47.5p
Last month’s write up proved remarkably prescient with Altitude announcing “major contracts with expected total combined gross revenue value of c.$30m through their respective five year programmes.”  I understand the contracts sit within the Alternative marketing programmes where it has tied up with a number of US universities to offer university branded merchandise, sweatshirts, baseball caps, pens, mugs and so on and further material contracts are expected.   Although the contracts kick in in FY24, Altitude  has also guided that EBITDA for the year ended March will be above expectations. Zeus has upgraded to £0.9m pretax for FY23. There is also a upgrade for this year to £1.3m pretax (1.7p) with next year seeing real jump off to ...

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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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