1spatial Share Discussion Threads

[chrisdgb] 16/2/2017 08:29

Having followed software companies for a long time, I am (for now) willing to give them the benefit of doubt regarding the timing of contracts rather than them being lost.......I will bow to your knowledge if they f@@@ up.......!

[yump] 16/2/2017 08:21

Chris

Would you buy some TV's off the bloke in the pub who says they are worth £1000 each, when he's already sold some to your mate and they turned out to be worth £200 ?

[gombie] 16/2/2017 08:18

Thank you The Big Fella. Appreciated. And Chris for your information.

[chrisdgb] 16/2/2017 08:06

N+1 Singer did the business at 1.60p, looking at the register that is Killik & Co..?

We all know this is massively cheap if they can give us some management continuity and a reasonable update..not asking for much..!

[the big fella] 16/2/2017 07:58

Selling that size would of been sub 1p.

[gombie] 15/2/2017 23:57

The Big Fella. Hello. How do you know that that was a buy?it's listed as a sale at 1.6p on ADVFN.

[the big fella] 15/2/2017 22:10

I see they picked up another 5.6 mil today.

[the big fella] 01/2/2017 15:57

It seems to me an institution has been mopping up the sales. Doesn't mean they are right to do so of course!

[chrisdgb] 01/2/2017 13:36

Even on the reduced forecasts, I still think on a sales rating we should be double this price, but clearly investors want stability in the team and clarity for near term trading....

[chrisdgb] 25/1/2017 10:26

Need some clarity on the management team and medium term strategy here, they are still tweeting good stuff..!!

[chrisdgb] 12/1/2017 08:24

A clear out of the old guard could be very good news for this company or just sell it....

[cinques] 04/1/2017 19:30

Heading south by the look of it.

I'll wait to see some support to the shareprice before buying in.

[chrisdgb] 04/1/2017 08:46

Well we could do with a firm delivery on the sales pipeline to steady the ship here, or just get a takeover.....

[opodio] 01/1/2017 17:41

be under 0.75p come Tuesday

[russell_hobbs] 01/1/2017 17:38

Go for it Yump!

[gleach23] 01/1/2017 15:47

Chief Exec out...announced on Friday over 4 hours after the market closed, in case anyone missed it!

[glasshalfull] 23/12/2016 09:14

My retirement fund - That made me chuckle. Just sharing for the benefit of holders & lurkers, also courtesy to inform that it was a short lived investment.

Singers placed their own forecasts under review & therefore nothing tangible to share on this thread.

The "paid for" research from Edison indicates savage cuts on estimates across the board over the next 2 years....and you are quite correct, I'll treat this as a mistake and move on. LOL.

Best wishes,
GHF

[my retirement fund] 23/12/2016 08:50

Little bit desperate to be relying on "paid for" research from Edison GHF, thought you was above that - perhaps this should be treated as a mistake - better left forgotten LOL.

[glasshalfull] 23/12/2016 07:57

New Edison note out:-



Estimate downgrades

"We have reduced our FY17e revenues by 15% to £23.9m, with EBITDA dropping to a £0.3m loss from a £3.7m profit previously. We now forecast a year-end net debt position of £1m versus £1m net cash previously. 1Spatial has a £3m facility.

Visibility for FY18 is clearly limited but, taking a cautious stance, we reduce our revenue and EBITDA by 19% and 58% respectively."

---

As well as slashing targets, Edison also review their previous forecast of net cash of £1m at 2018 year end...with this now turning into net debt of £3m.

I can't see anyway around a fundraise unless they surprise to the upside & convert their pipeline in an accelerated manner. The transition to SaaS type recurring revenues certainly doesn't help in the near term.

Short lived investment...I'm out!

Kind regards,
GHF

[thunderbird4] 23/12/2016 07:44

Sold Avisen for £100k of deferred to a former employee (Companies house and linkedIn thank you) What happened to the Unilever contract that we used to hear so much about

[yoyoy] 20/12/2016 18:20

MRF

LOL

What's upset you then?

[hamidahamida] 20/12/2016 09:04

Deeply discounted placing written all over it DOOMED AVOID

[yoyoy] 20/12/2016 08:55

a)timing of contracts is always a problem for small and new companies.

b)Changing the recognition of income should have been forecast previously.

c)Getting rid of under-performing non-core companies should have happened earlier.

d)Operating within banking facilities is a worrying statement but necessary I venture.

b) and c) give concern about the management