piw
18 Sep 2019
ATQT H1 19 overview by CEO Attraqt CEO Luke McKeever talks about the Group’s half year results for the period ending 30th June 2019. piworld.co.uk Attraqt (ATQT) H1 results September 2019 Attraqt CEO Luke McKeever talks about the Group’s half year results for the period ending 30th June 2019. H1 overview - 00:21 Early Birds - 01:57 Growth Str
piw
08 May 2019
ATQT acquisition of Early Birds, and placing ATTRAQT (LON:ATQT) have just announced the acquisition of Early Birds with conditional placing to raise £17.1m at 27p. Early Birds adds AI capability to ATTRAQT (LON:ATQT) and moves them closer to their strategic goals. Here, Luke McKeever, CEO, outlines the rationale: piworld.co.uk Attraqt (ATQT) Early Birds acquisition Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power online shopping experiences, has announced the conditional acquisition of Early Birds SAS fo Link to the ATTRAQT (LON:ATQT) RNS with full details: [link] ATTRAQT (LON:ATQT) create an efficient, personalised, on-line shopping experience for many high profile brands, including ASOS, PrettyLittleThing to ScrewFix. It sounds interesting. Luke McKeever is an impressive CEO, who’s recently taken over the helm. Not profit making yet, but perhaps one to keep an eye on.
gretel
17 May 2018
Two institutional holders buying more RNS today - Canaccord have disclosed they now own above 10%, with 10.66m shares. They've bought a substantial number (up from 6.4% previously):[link] not posted here was Lombard Oder's RNS showing they'd also increased, to a whopping 21.35% with 22.71m shares:[link] all of this is a sign that ATQT have now turned the corner.
gretel
25 Sep 2017
N+1 Singer: 68p valuation, 45% upside N+1 Singer believe the shares are "good value" and say their forecasts imply a 68p share price.Extracts from N+1 Singer's note:"Transformed opportunity; executing to planATTRAQT’s first set of results post the Fredhopper acquisition are in line and show the transformational impact of the deal. We are excited about the group’s opportunity to address the 56,000 online retailers it can target with its technology. The group has shown good contract win momentum and secured its second largest win in its history post period. It is growing double digit organically, has c.85% recurring revenues, profitable and cash generative. We believe there is the potential to deliver significant shareholder value from these levels, where valuation is at 2.2x 2018 EV/Sales.""2nd largest ever win post periodThe group won 13 new logos, including Arc’teryx, Brora, Country Attire, HunterBoots, Specsavers, and The White Company. Post period, there were further strong wins including one of the largest global sportswear manufacturers in the world across both EMEA and North American regions. This is the second largest win in the group’s history. H1 revenues together with the exit run-rate (£16.5m) give visibility of 93% of FY’17 revenues.""2.2x EV/Sales 2018 attractive ATTRAQT trades on 2018 multiples of 2.2x EV/sales, 14.4x EV/EBITDA and 23.2x PE.Comparable SaaS companies have average EV/Sales of 3.3x and EV/EBITDA 2018 of 21.7x. With c.85% recurring revenues, organic growth in 2018 of c.17%, a highly operationally geared model, a positive demand environment and a global market opportunity, we believe the shares are good value. Putting ATTRAQT on the average 3.3x 2018 EV/Sales multiple implies a 68p share price."
gretel
20 Sep 2017
Promising H1 results today Lots of new clients signed up too, which bodes well. And of course loads of lovely recurring income at over 80% of turnover from memory.The key statistic today is:"Annualised H1 Exit Rate up 380% to £16.5m (H1 2016: £3.4m)" based on June's numbers.From Richard Holway's respected Techmarketview:[link] we discussed when we met the ATTRAQT management earlier in the year (see Momentum building at the transformed ATTRAQT), we have been impressed with the ambition of the business and it appears to be sustaining it momentum. The business was added 13 new logos during H1, including some big brands like Arc'teryx, Auchan, Hunter Boots, Specsavers, and The White Company (it now has over 230 clients), and at the start of H2 it signed its second largest logo to date, with an as yet unnamed sportswear manufacturer, and has a strong pipeline for remainder of the year."
Ding2dong
31 Aug 2017
SP Looks like someone's been dumping 25, 30, 35k tranches every day over last week or so. Needs to be cleared before this starts moving in the right direction again...
gretel
21 Aug 2017
Shares Mag article Up already today, and still looking strong.I came across this article in Shares Mag not posted here before which is a decent summary:[link] Attraqt will make its profits breakthrough this year17 May 2017, 11:57 London-based ATTRAQT (ATQT:AIM) is a small online and mobile display and inventory control technology start-up that is leveraging its Freestyle platform to become a trusted digital partner to many otherwise traditional retailers. Superdry, North Face, Timberland, Vans and Tesco’s F&F fashion brand are customers, among others.The company’s update on Fredhopper today, bought in March, is flying under the radar of most investors – the share price remains flat at 44.5p. But it shouldn’t.Scale at a strokeATTRAQT bought Fredhopper in a £25m cash deal in January, a cloud-based provider of onsite search, navigation and visual merchandising solutions to online retailers. That deal forced the company to suspend trading in its shares under listing rules because the deal constituted a reverse takeover, or in other words, when one company buys another business which is much larger in size. Share dealing resumed on completion of the acquisition on 8 March.In short, integration is now complete across a number of levels from executive team, sales and account management and product development, with the group offering both Fredhopper and Freestyle merchandising products. Interestingly, a new vice-president of sales in North America has also been appointed, spearheading efforts in one of the key markets for international growth.‘ATTRAQT had done well in the smaller and mid-tier market while Fredhopper had been most successful in larger retail organisations, generally those with their own IT department and infrastructure,’ explains Peter Roe of the TechMarketView website.‘Whilst the deal with Fredhopper was primarily about creating scale to more effectively exploit the global growth opportunity, the group confirmed the potential for significant cost savings through better management and forward planning of the hosting infrastructure,’ explains Tintin Stormont, analyst at N+1 Singer.Interestingly, Stormont points out that while ATTRAQT has yet to quantify this amount, ‘there is little in our forecasts by way of cost,’ she says.The broker is anticipating maiden full year pre-tax profit from ATTRAQT in 2017 of £1.1m, a big step up from the £1.8m equivalent loss the 12 months to 31 December 2016. Revenues this year are set to go from £3.6m to £14.9m. Sales and pre-tax profits in 2018 are pencilled in at £20.4m and £2.6m respectively.Shopping future is onlineThe internet is fast becoming the destination of choice for shoppers. Online sales across the entire retail sector, excluding food, have been outpacing in-store growth for some time. Online sales grew 18% last year (2016) and have soared by 27% over the past two years, according to figures from BDO, an accountancy firm. Bricks and mortar shop sales fell over both periods.That represents a massive opportunity for ATTRAQT, with its best in class technology demonstrably improving client sales conversion rates, improving repeat business and streamlining benefits behind the scenes.‘The combination with Fredhopper has transformed ATTRAQT in terms of its scale, financial profile, and market opportunity,’ says N+1 Singer’s Stormont."
gretel
06 Aug 2017
ATQT the "next Fevertree"? ATQT have been tipped in today's Telegraph as one of 5 stocks which might multibag as "the next Fevertree".Of the 5 stocks mentioned, ATQT being a small cap is the only stock which might actually achieve this aim imo. Bodycote and B&M are already £1 billion+ large caps. SMS is a £540m m/cap which is extremely vulnerable to software and implementation problems and delays in the smart meter rollout. QXT is a quality company, but very illiquid and already on a very high multiple at a £290m m/cap.Here's the tip:<a href='[link] target='window'>[link] £44m company sells software to online retailers that improves the presentation of websites and offers customers personalised product recommendations.Matt Tonge, co-manager of Liontrust’s UK Smaller Companies fund, said the business offered three particular strengths: “It has intellectual property in the software code, customers increasingly rely on the product and its products are sold on a monthly basis – meaning 90pc of revenues are recurring.”Following a recent acquisition of a competitor, Attraqt is now also “the leading player in the field in a structurally growing market”.Mr Tonge added that, compared with similar companies, the valuation was attractive."
