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Altitude Group – emphasises “materially ahead of current market expectations”, but how net cash generatively so?

By Steve Moore | Tuesday 14 February 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Promotional products marketplace group Altitude (ALT) has announced that it “anticipates that FY23 trading will be materially ahead of current market expectations” and that it has “a reassuringly strong pipeline of opportunities... look forward to updating the market further in the forthcoming months and to the next financial year with great enthusiasm”. So what of a current more than 20% higher share price response to above 40p?
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