Share Name Share Symbol Market Type Share ISIN Share Description
1Spatial Holdings PLC LSE:SPA London Ordinary Share GB00B09LQS34 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 1.50p 1.75p 1.625p 1.625p 1.625p 55,073.00 07:45:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 20.7 -0.8 0.0 - 11.57

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1Spatial (SPA) Discussions and Chat

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Date Time Title Posts
20/2/201716:141 Spatial................ New to AIM2,016.00
27/7/201320:58Spanish Mountain Gold - Great Value gold play18.00
11/12/201214:17Wine Therapy: The Ultimate Health Treatment7.00
02/7/200807:50SR PHARMA (SPA): DISCUSSION AND CHART THREAD (moderated)162.00
23/8/200718:46The turd that may float ??109.00

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1Spatial (SPA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
24/02/2017 12:54:221.7250,000862.45O
24/02/2017 08:06:341.725,07387.50O
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1Spatial (SPA) Top Chat Posts

1Spatial Daily Update: 1Spatial Holdings PLC is listed in the Support Services sector of the London Stock Exchange with ticker SPA. The last closing price for 1Spatial was 1.63p.
1Spatial Holdings PLC has a 4 week average price of 1.66p and a 12 week average price of 1.88p.
The 1 year high share price is 5.50p while the 1 year low share price is currently 1.63p.
There are currently 711,999,308 shares in issue and the average daily traded volume is 48,151 shares. The market capitalisation of 1Spatial Holdings PLC is £11,569,988.76.
the big fella: It's a stock I have looked at before but thought there was too much hype in the price. Clearly they have not grown the business and profits as quickly as they had hoped but that is why the share price has performed so badly. I thought the fund raiser a few years ago was strange when only a fraction was used for acquisitions. I am not suggesting that this is a one way ticket to success. I am also not suggesting that the Edison targets are likely. 10p in a couple of years is unlikely but 5p seems reasonable. The long term chart shows a double bottom forming and with the company finally on the verge of making some money I think the risk / reward is there.
the big fella: It's all very quiet here. Well I like this company. It is a world market leader in its sector. It is totally unloved at the moment and there is opportunity to pick up a decent holding somewhere near the floor. I have bought a decent stake at near the bid price over the last month or so. It hasn’t been as easy as you would think as there is a buyer in the market at around the 2.25p mark. Why do I like this company? They are building a scalable platform for growth. Their last update pointed out the Geospatial order book up 30% since their year end, so we know there is a pipeline of licensing deals to close (they may not do these all in H2 but will in time which will significantly boost their recurring revenue at high margin). The Esri relationship is now generating recurring subscription sales. So the Geospatial business is developing into one that has intellectual property (with high barriers of entry / replication), high margins, growing recurring revenues that will drive profit growth significantly once they achieve critical mass. Given the Geospatial order book grew to £5.2m, up from £4.0m at year-end, and 1Spatial has a number of licensing deals in the pipeline and 1Spatial has signed 10 deals through the Esri partnership and has more in the pipeline for H2, I think this will become evident that this is a niche business with market leading IP, on a very low rating. This is what the recent Edison report thought of the investment case: However, in terms of the longer-term investment case this will not matter too much if it shows evidence that strategic initiatives are starting to drive a sustainable improvement in financial performance. If 1Spatial does this then we believe that a 15x FY18 P/E rating (implying a 5.5p share price) would be a very undemanding starting point. Beyond this, looking at the open technology partnership opportunity alone, we believe that penetrating a mere 0.22% of the global GIS user base would justify a 10p share price. 5 bagger in a couple of years. I don’t think that is unreasonable. I find it is always best to buy near the bottom when no one else is looking!
chrisdgb: I seem to remember that earlier this year, Edison thought a 10p share price target was justified, anyone seen anything recently...??
estienne: The share price is rock bottom and with a solid performance like this, they can only go up.
hubshank: An unnamed US Government Bureau has entered a five year contract with 1Spatial that the Cambridge firm says will have a material impact on this year's full year results and beyond, igniting a furious amount of market trading which resulted in 1Spatial's share price rising by as much as 70 per cent. Any idea who the Government bureau is? as US going mad on geolocation technology, there should be some piggy back selling at least. Whilst they have taken a long time to get here, surely using the ice cream production analogy, this is an all encompassing delivery system and should start to move forward.
yump: Geegeeuk Its nothing to do with dividends. I think you need to seriously understand how companies get valued and how that affects the share price. Companies are valued by their ratings (not in the short term, but you're a long term holder anyway). The rating depends on the share price vs. the earnings per share. If you double the number of shares, the earnings per share halves and the rating doubles, instantly making the company twice as expensive. If the company makes an acquisition that doubles its earnings, that would take it back to pre-share issue. Whatever you think of my opinion of SPA, I'd advise you to make sure you get it.
mwaller: Patience. We will get there. It's a simple question of recognising how the market has and is evolving and how SPA is adapting to address that.SPA is not the same company operating in the same market as even a year ago. Both have and are undergoing structural changes. SPA market has gone from a couple years back helping less than 5pc of 200 countries and associated agencies of a civilian or military nature with a back-end rules engine and no real spatial big data problem, to today offering a unique end to end technology wrapping volumes speed quality reliability and utility with a much broader geographical spread. They fix a growing and pressing issue, addressed to any number of cities, national agencies and corporations as well as existing customer segments as they all recognise and move to resolve their spatial big data problem. SPA is not making this market, they are participating in it. By way of example, from an earlier post the new to SPA market for cities alone is top 700 cities that are projected to spend trillions on smart infrastructure and don't know where to start. This is a simple example of what SPA could theoretically support with its core intellectual property but for real ability to scale in the same way other established global players can . They can't service that market scale alone of course; but they do have technology / software which can and does replicate and scale. Their competitors and other players don't have the engines that service these high volumes of spatial data quality and presentation in the same way. We have already seen evidence of that too. The market opportunity with the capability for SPA to address it is huge one way or other - which ever way you cut it, they just need to find a way, and this opportunity effectively did not exist in an addressable way before the placing. (cash to develop product, acquire and find growth). This is what the placing was about, and so long as they execute the potential by using their resources wisely it will start playing out in the numbers and share price. Sure of it!
mwaller: Morning all, I have gone through the above linked report (thanks TSMITH2 - good read) and the release. I believe SPA can and will deliver. I do understand the concerns raised by some on the release, there could be more forward transparency. However having read the report, which is very thorough, I maintain the fundamentals I backed for the core opportunity remain the same. I am heavily invested for what I believe are sound reasons: there remains a strong upside opportunity driven by core IP, unique capabilities and a today growth market catalyst. It is of course speculative, and we need to see hard results come through to evidence. They project both revenue and margin growth pc for FY 14 (54/59), FY 15 (30/66), this is respectable. I believe there is nothing to doubt at this stage that this can't and won't happen . On the contrary, having gone through the report which underpins my own understanding and research - I am further encouraged. The report gives a thoroughly good insight to the strategy that needs to be executed, and outlines clearly the opportunity and considerations. It goes into quite some detail, and provides conservative projections. It explains SPAs market USP, and why their technology is able to compete against much bigger and more powerful competitors. SPA have had to be under very recent scrutiny by key institutions participating in the placing addressing the core market fundamentals of the opportunity and SPAs position within it. Therefore everything is as was before results. There are even speculative opportunities and possibilities beyond those noted in the report (e.g Hadoop) as previously mentioned.Indeed in the report we have confirmation of the imminent launch of the new 1Spatial Management Suite in August. A flagship customer that has adopted this Suite (SMS1) prior to formal launch, and the Star-Apic acquisition is just starting to be integrated into SMS1 - easily because they have the same core technology. (SMS1 and object orientation is explained well in the report). By way of example of the type of advances recently made under the new leadership, as part of the results of productisation, you can see the 1Edit webcasts. This is an example of a new innovative product incorporated in a Suite fixes a key spatial data management problem in the core customer base, enabling new capabilities, and reenforces their existing technologies. It differentiates SPA from competitors by using its big data technology to make scale mobile edits possible. Much larger competitors cannot address this scale and therefore spatial big data management problem the same way due to their technology limitations. This creates a problem for them and an opportunity for SPA. Anybody (who cares to look) can simply understand what this 1Edit add-on does and the innovative value proposition by watching the webcast. Spatial also starts to get main-stream simple using this technology. Its accessible to many more, not just trained boffins. With the Star-Apic capabilities they can now actually bundle and publish mapping data into their core (customers) customers like Utilities. They do now for the first time have complete scope coverage to meet national customer spatial big data needs, alongside the commercial base, which is huge. They each no longer need to partner to offer an end to end solution as previously. Customers do not need to go to a competitor to get a complete or part solution to compliment the SPA offering. This is very significant from a software solutions provider perspective in terms of competing and addressable market size. These are presumably some of the "facts" underpinning the revenue and margin uplift forecasts. Therefore this is a very astute acquisition; money well spent. A complimentary bolt on to SPA technology, building both market and geographic presence. Given the evolving Spatial Big Data market, in this case, the sum of the whole is certainly greater than the parts. SPA is better off with than without, as is Star-Apic. Modernising established players which own core IP to compete for the new arising opportunities is a very legitimate strategy, and a proven core competence within SPA leadership. Established smaller players have numerous advantages over start ups if they can be be reinvigorated. SPA itself has been reinvigorated. With the Placing, admission of David Richards - a proven software industry executive with a track record of delivery, and some possible interesting direction in Hadoop Big data, there is definitely an intention and base capability at all necessary levels to succeed. The products of SPA/Star-Apic would and should continue to evolve and adapt from their heritage. Every software business does this. It's expected by customers and shareholders alike. Any software company without continued innovation and development to keep its ideas, offerings and capabilities fresh the company dies. Product and service innovation is the source of growth for every healthy software business. What SPA have previously developed is ready, implemented and proven, in whats globally recognised as the worlds most advanced national mapping agency no less (noted also in report)! They were a key reference point for the US Census. They have established customers acquired over many years, with some prolific new ones and key renewals in the past 12 months. They can now address this base and market with new offerings, to a broader audience, wrapped in the 1Spatial Management Suite, and target new customers alike. They are evolving their offerings to better address growing market needs, to further strengthen their core position. They can with the 1SMS suite manage publish and analyse huge spatial datasets. This is a unique capability.We of course need to see this "opportunity" coming through, in contract awards, revenue growth, and profits - evidenced sooner than later, and surely my expectation is we will. We need to give the leadership leeway and time to execute their gameplan. SPA has just now entered the early growth stage. This is still relatively speaking very near to the start of the journey and we have a long way to go. There is a lot of commercial opportunity and share-price upside - so long as they continue to execute. The projections underpinning this are also outlined in the report. This will be driven and underwritten by real growth in revenues and profits as they take marketshare and not just sheer speculation.Lastly, to keep things in perspective, look back: give the new leadership some credit. They have indeed come a long long way. Its not the same company as even just a year ago.They have already managed to get SPA so far and well positioned to now credibly compete globally as a "player", and capitalise the spatial big data opportunity. They are already having somebodies lunch at the US Census Bureau. Think about SPA before the recent placing. Go back further to old AVI or old SPA. Read and digest the report and draw your own conclusions. Has this Placing and acquisition and the 1Spatial Management Suite productisation efforts not created potentially so many more opportunities and upside for us as shareholders? Are we now not all better off with the new SPA than the SPA of a year ago or even two months ago - when we consider the range of possibilities opened up ahead to lock in opportunity, growth, and upside?SPA leadership to their credit have acquired the chance and the resources to show the market what they can do. They already are and they they will continue to do so - why not? We the shareholders will all continue to watch carefully, and as SPA execute we will all be rewarded.Good luck to everyone - what ever you all decide to do. Those that join and stay - hang on!
yump: fyi Wand have not had a big data product for as long as 1Spatial. There\'s 2 different \'making money\' things here: the share price and the businesses and judging by Wand\'s share price the two are not the same. So investors need to be clear which one they are pursuing and which progress is important to them: the share price or the business.
412069: Phoenix..looks beeter in print. I met up with Marcus Hanke the CEO of red hot penny share tech stock 1Spatial (SPA) yesterday for a detailed catch up. This company – formerly known as Avisen – has been a tale of woe for investors. Not because it has screwed up operationally but because in share price terms the stock has not performed. I will address both issues in turn but at 2p, valuing the company at £7 million, the shares are a compelling buy. To the share price first. It was first whacked by heavy selling by those who lost in a board room bust up 18 months ago. More recently funds that I used to manage tipped out their (significant holding). That stock was picked up by the switched on team at Hargreave Hale but was an overhang. And generally the ennui among small cap investors who are just bored and tired by a lack of action and capital gains has seen a drip, drip of selling. Si that is the share price but is the woeful chart justified by operational failure? © Image copyright aganderson It depends how you look at it. Results for the year ended 31st January 2012 were released in late July. I cannot see why it takes so long to get numbers out and that does not really give me the wow factor. The underlying pre-tax loss was £548,000, down from £1.513 million. But this was a year when Avisen merged with fellow AIM tech player 1Spatial and amid fairly hectic re-organisation I am prepared to ignore the historics. The two core businesses (1 Spatial and Avisen both recorded positive EBITDA and the trend looks to be their friend. The non-core Storage Fusion (more later) made a tiny loss. Year end net cash was £2.63 million. Post year end the company trousered a £1.3 million deferred consideration payment from the sale of its Inca unit. So net cash is now, I reckon, £4 million. Storage Fusion is now operating profitably and is clearly for sale. Hanke seems to think that it is worth £10 million. I am not sure how a business which generates 2012 sales of £390,000 ( an increase of 65%) is worth that much but even a third of that valuation would leave Avisen trading at net cash. So how are the core businesses doing? Well very big new client wins at Avisen (with Unilever) plus a growing order book at 1Spatial mean that I believe that revenues will move ahead sharply from last year's £5.2 million and with gross margins of 35% last time (and likely to be higher this year) I could see 1Spatial reporting EBITDA of anything up to £2 million this year. As such the company is now valued (if we strip out net cash) at just 1.5 times current year EBITDA. If the Storage Fusion business is sold... the maths are not hard to do. Hanke has been indicated that DF will be sold for a long time. I suspect that investors want to see him actually deliver and the cash land in the bank before they buy greedily. But of course those who wait for that event will have to pay more. Given the very limited downside risk (the cash backing and the fact that the business is profitable) I would buy now and just sit patiently and wait. If SF is sold for even 30% of Hanke's valuation and the remaining businesses were to be valued on a (hardly demanding) multiple of 5 you would be looking at a share price of 5p. Believe Hanke on SF and apply a fuller EBITDA multiple and 10p is achievable. Either way at 2p this looks like a compelling penny share buy.
1Spatial share price data is direct from the London Stock Exchange
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