||EPS - Basic
||Market Cap (m)
Real-Time news about IQ Holding (London Stock Exchange): 0 recent articles
|sagem: EXPECTED ADMISSION DATE:
19 October 2010
For new company....... 1Spatial provider of products and services that enable clients to collect, audit, manage, modify and reuse geospatial (location based) data
WORTH LOOKING AT....WOW THIS COMPANY IS HUGE AND VERY INVOLVED http://www.1spatial.com/news_events/rss.php
IQ Holdings has seen its share price rocket so far today following the news that 1Spatial, the mapping technology company, may be about to launch a reverse takeover bid for the company. 1Spatial is looking for a means to expand their business further into Europe and IQ Holdings looks like being the most likely candidate. The news of a possible deal has seen their share price increase by 50% up to 0.12p per share.
europe next stop all looking good going forward|
|sagem: KNOWING YOUR COMPANY AND HISTORY.....ALL VERY INTERESTING
1Spatial goes public
Last Updated on Monday, 04 October 2010 07:54
Written by News Desk
Sunday, 03 October 2010 18:38
News - Technology
ShareThisCambridge geospatial data specialist, 1Spatial, is joining London's AIM market through a reverse takeover, subject to shareholder approval being given at a general meeting on October 18. The company is reversing into AIM-quoted shell IQ Holdings.
The new enterprise will be called 1Spatial Holdings. Based on a share price of 0.05p per existing IQ share at close of business on September 30, the offer values the entire issued share capital of 1Spatial at £9.54 million. Currently private, 1Spatial was established in 1969 as a spin-out from a Cambridge University research group. It has evolved into an industry-leading provider of geospatial supply chain solutions. These solutions are based on standards (such as W3C; ISO ITC/211 and OGC) and through the use of master data based on geometry deliver higher returns on investment for spatial data users.
The Cambridge Science Park company makes further use of the geometry to guarantee the quality of the data and to provide the basis for automating maintenance as real world changes are reflected in the data themselves. Geospatial data are increasingly found at the heart of business processes across a wide range of organisations, enabling delivery of government policy and citizen-centric services. It is most useful when it is accessible, easily shared and trusted. 1Spatial works with organisations throughout the world to unlock the real value of their investments in geospatial data.
Recent award winning solutions include the No.1 AIDU (Royal Air Force documents unit) and the Property Registration Authority, Ireland. 1Spatial has had significant success in the UK & Ireland, mainland Europe and Asia Pacific and the priority focus will remain on these territories.
The current directors of 1Spatial Nic Snape, Dr Mike Sanderson, Peter Bullock, Duncan Guthrie, and Steve Berry will replace IQ's David Marks, Russell Darvill and Julian Green on completion of the deal. Marcus Hanke, CEO at Avisen plc and a non-exec director 1Spatial, will also be appointed to the board as an independent non-executive director.
David Marks, chairman of IQ Holdings, said: "We have been looking at potential acquisition candidates for some time and we believe 1Spatial offers our shareholders a significant opportunity. "1Spatial's management has a wealth of experience within the data sector and has steadily grown the business, both organically and through acquisition. The company has a proven financial track record and a solid business model which we believe offers considerable growth potential."
IQ completed the disposal of its two remaining trading businesses, Rosslyn Research Limited and Viewpoint Field Services Limited, on February 1. That effectively rendered it a cash shell and an investment company under AIM rules. It was then required to make an acquisition or have its shares suspended.|
|sagem: mentioned in uk city media
IQ Holdings has seen its share price rocket so far today following the news that 1Spatial, the mapping technology company, may be about to launch a reverse takeover bid for the company. 1Spatial is looking for a means to expand their business further into Europe and IQ Holdings looks like being the most likely candidate. The news of a possible deal has seen their share price increase by 50% up to 0.12p per share.|
|jister1: I thought it would work out a 1000:1 regardless of share price on consolidation?
Price after consolidation is 12p for arguments sake
and you own 1000000 shares / 1000 = 10,000 after consolidation you would be sitting on £1200
If price after consolidation is deemed to be 14p you still have the same amount of shares but will be in profit £1400 with the same amount of shares?
If that is the case after consolidation you could actualy be in profit depending on the price after consolidation or ofcourse you could be nursing a loss if it ended up around the 9p mark?
I might be wrong...so don't worry but it's how I thought this would be played out?|
|sagem: Jister1.... I sold some today and made a profit, bought back same amount. I have decided to hold my complete holding and into the new regime as I feel that the company has huge potential going forward which will be reflected in the share price, although a consolidation is to take place our cash amount should remain the same higher share price less shares same amount of cash originally invested......fingers crossed all works in our favour. Good luck|
|sagem: Is this now a good buying opportunity at this share price today as it has drifted down a bit|
|sagem: Well it certainly looks like a lot of action to take place for the immediate future and looking extremely good for the share price.|
|sagem: I dont think we can expect much more than a further 50% increase in the share price and that will not come very quickly unless huge buying takes place or the company starts making huge profits. 0.00125p is a possibility on continued good buying.........Monday will be interesting to see if the buying continues or sellers appaear in large numbers/// the 60% increase may bring out the sellers after the weekend, if so it will be a good buying opportunity.|
|gonefishing3: not a holder guys but here.
1st October 2010
Analyst: Philip Morrish
Email: [email protected]co.uk
Tel: 0207 562 3362
1Spatial* - Initiation of Coverage; Reverse Take-Over of IQ Holdings; Buy at 0.05p with a 0.123p initial target price
0.04p - 0.06p
Total no of Shares
(post 1Spatial takeover)
(post 1Spatial takeover)
12 Month Range
Software & Computer Services
1Spatial as a well developed and focussed location based software business is returning to the public markets through the reverse take-over of IQ Holdings plc, a shell company.
The takeover is subject to IQ Holdings shareholder approval in General Meeting on 18 October 2010 and will result in 1Spatial's shareholders controlling 90% of the enlarged but consolidated ordinary share capital.
1Spatial ended its financial year to 30th June 2010 with net cash of £0.481 million and sales and profits of £8.008 million and £0.073 million respectively. 1Spatial's strong management team has refocused the group's sales and marketing effort to capitalise upon the increasing numbers of geospatial opportunities that continue to emerge for this large ($2.65 billion market) and fast growing market (CAGR 38.4% 2006 2010).
1Spatial has net cash and is operationally geared and we are confident, subject to there not being a double dip recession, that our sales and, therefore, pre-tax profit and earnings per share expectations are deliverable.
We are valuing the group on an EV/EBITDA basis. Therefore, with the 'consolidated' shares trading at 0.05p on the enlarged issued share capital, the market capitalisation is £10.603 million but the Enterprise Value is £10.122 million, which is 9.51 times reported 2010 EBITDA of £1.065 million. However, we estimate that by the end of the financial year to 30 June 2012, the group will have increased net cash from £0.481 million to £4.182 million, which opens up the potential of the group paying a dividend as early as next year. Despite the increase in net cash, were the shares trade on the same EV/EBITDA multiple of 9.51 times, then, based on our 2012 forecasts, the shares should trade at 0.123p and with the shares trading at 0.05p, we initiate coverage with a recommendation of buy.|
|waleriuszwatrobka: ...£10-ish mln
"Based on a share price of 0.05p per Existing IQ Share as at close of business on
30 September 2010, the Offer values the entire issued share capital of 1Spatial
at GBP9.54 million. In the event that the Offer is accepted in full by all the
1Spatial Shareholders, 1Spatial Shareholders will hold 90 per cent. of the
enlarged issued share capital of IQ."
1,787.20m x 0.06p = £1.08mln + £9.54mln = £10.6mln|
IQ Holding share price data is direct from the London Stock Exchange