Altitude Group (ALT)

Sector:

Media

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FTSE AIM All-Share

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79.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 100.50
  • 52 Week Low: 62.50
  • Currency: UK Pounds
  • Shares Issued: 60.02m
  • Volume: 118,888
  • Market Cap: £47.42m
  • RiskGrade: 282
  • Beta: 0.03

Altitude enters two-year partnership with Florida's Drummond Press

By Josh White

Date: Tuesday 24 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Personalised products marketplace operator Altitude Group announced a new two-year Channl enterprise partnership with Drummond Press on Tuesday.
The AIM-traded firm said Drummond Press, based in Florida, is "one of the largest and fastest growing" managed print services groups in the southeastern United States, incorporating established current promotional products revenues of around $3m per year.

It said the main features of the partnership agreement included that the Channl platform technology would provide a promotional product ecommerce platform for each of Drummond's approximately 14,000 existing end user customers, with the Drummond Channl sites to feature a "curated collection" of corporate personalised merchandise provided by Channl's supply partners.

In addition, Altitude would provide its "comprehensive" CRM and sales order management system.

Both platforms would be provided to Drummond in return for Altitude receiving a share of the throughput supplier revenue from both ecommerce and non-ecommerce transactions.

Drummond also contracted to procure all promotional product supplies through Altitude on an exclusive basis during the contract term, and route all current promotional product revenues either through the ecommerce Channl platform or the sales order management system provided under the partnership agreement.

"We are delighted to have been chosen by Drummond to provide our unique Channl technology and supply chain offering," said Altitude's executive chairman Peter Hallett.

"Establishing this new partnership with Drummond, a fast growing and forward-thinking provider of managed print services demonstrates the attractiveness of our Channl and existing CRM and order management solutions as a free and compelling leading edge technology solution for businesses for whom promotional products represent a substantial revenue opportunity."

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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 79.00p
Change Today -0.50p
% Change -0.63 %
52 Week High 100.50
52 Week Low 62.50
Volume 118,888
Shares Issued 60.02m
Market Cap £47.42m
Beta 0.03
RiskGrade 282

Altitude Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.72% below the market average88.72% below the market average88.72% below the market average88.72% below the market average88.72% below the market average
79.41% below the sector average79.41% below the sector average79.41% below the sector average79.41% below the sector average79.41% below the sector average
Price Trend
5.83% below the market average5.83% below the market average5.83% below the market average5.83% below the market average5.83% below the market average
36.23% above the sector average36.23% above the sector average36.23% above the sector average36.23% above the sector average36.23% above the sector average
Income Not Available
Growth
80.92% above the market average80.92% above the market average80.92% above the market average80.92% above the market average80.92% above the market average
78.79% above the sector average78.79% above the sector average78.79% above the sector average78.79% above the sector average78.79% above the sector average

Altitude Group Dividends

No dividends found

Trades for 18-Jan-2019

Time Volume / Share Price
16:35 60,000 @ 79.25p
17:07 6,000 @ 79.00p
16:24 1,038 @ 79.68p
15:58 2,500 @ 79.68p
14:46 3,000 @ 78.45p

Altitude Group Key Personnel

CFO Graeme Couturier
COO Deborah Wilkinson

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