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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| 1spatial Plc | SPA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 60.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 60.00 |
| Industry Sector |
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| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
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Posted at 18/3/2024 10:46 by tomps2 1Spatial (SPA) Introduction to 1Streetworks - March 241Spatial Non-Executive Chairman, Andrew Roberts, CEO, Claire Milverton, Andrew Fennel, Managing Director – Roads, and Stuart Ritchie, CFO introduce their 1Streetworks solution, outlining how it can be used to revolutionise complex streetworks planning and the potential addressable market. Watch the video here: Or listen to the podcast here: |
Posted at 15/3/2024 09:30 by fevertreeman 74tom...I'm with you. Whats rattled my cage is the sudden volte face on strategy, and the fact that Milverton is now talking about build sales & marketing capacity to roll out 1streetworks. Just feel that this is another case of some great tech but underwhelming management and execution. The contrast between Spa and the other lot up the road IQGEO couldn't be starker frankly. |
Posted at 14/3/2024 10:30 by fevertreeman Robsy2, not just Edison that got it wrong, the lad at Liberum was also in same boat. He has not changed his forecasts at all for FY24 or FY25, which is interesting. he is still at: FY24 Revenue £32.1 EBITDA £5.5 FY25 Revenue £35.3 EBITDA £6.5m...Some of Liberum's comments were insightful and chime with my own: A. UKPN study, cost of 1streetworks: they cited savings of £426 per plan vs cost of the 1street product of £125 per plan. Now, I don't know about anybody else but it strikes me as very commercially odd: (1) that the benefit to the customer is so huge vs the price point. UKPN produce 90,000 plans per year which would would be £11,250,000 revenues p.a opportunity based on 90k x £125 , which is a big assumption (ignores discounts etc) BUT on the basis, that UKPN creates 90k at current cost of £426 per plan = £38.34m, then the cost saving to UKPN from adoption of 1streeworks is gigantic= 38.4m-11.25 = £27m per annum.....Any thoughts about our pricing strategy chaps? (2) that Spa were happy for UKPN to reveal the cost....what sort of margin is Milverton working on when she points out the impact of inflation on the business & the investment being made into sales &marketing. Would be fascinating to hear what margin 1streetworks has for Spa, B. Time taken to secure deals: Liberum analyst has heading on paragraph in his report: Shortening the Sales Cycle Would Be Helpul....you got that right boyo! its good to know that I'm not theonly one concerned about the lack of pipeline visibility & the time it takes Milvertton to ink deals. With UKPN it took over 6mnths from October when CM said first pilot was imminent, and it was only a blasted pilot study! The Liberum clearly doesn't want to pint the finger but he does make the very valid point that the trials underway are typically supposed to take 3 months but "we sense with the first wave in practice these are taking longer." The fact of the matter is that the snail like pace of inking deals is a real headache. It means that revenue recognition is very tricky and so therefore is revenues and profits. And that's before the pivot to change the operating structure in the US (and associated diminishment in direct revs) |
Posted at 13/3/2024 17:54 by robsy2 TU disappointing but a good opportunity to top-up , unfortunately I did so at 61p the week before. It is not good that Edison, who are paid by SPA to provide the forecast figures, get it so wrong. If they are adding short term expenditure to build up the business why not flag that up?.Anyway, the 1Streetworks presentation seems to have got the share price moving back up again.hxxps://1spatial.com |
Posted at 23/2/2024 08:08 by robsy2 On the SPA website there is a presentation from Paul Dooley of UK Power Networks. He really highlights the benefits of 1streetworks. There is a transcript as well.Gives a real flavour of what has been achieved.hxxps://1spatial.com some key points for me are; -UK Power Networks is huge so there is probably more to come from this contract. -1Streetworks product is quicker , more accurate,etc etc. As he says " We want to enable effective collaboration with interested parties. We wanted to reduce the overall cost of works and delivery. We wanted to bring unprecedented levels of consistency, repeatability, speed and efficiency. So it's about doing things correctly. First time, every time. This would enable us to share planning data, TM planning data with other internal systems. So we could attach it to our permits as well and really significantly reduce the fragmentation and the manual handling internally of our TM process." 1streetworks reduces lane rental expense which is relevant on the busiest part of the road network. |
Posted at 22/2/2024 09:02 by philly cheesesteak Great news here today, share price breaking out of a multi year range and IMO looks set to emulate the gains seen over at IQ Geo over the past 2 years.This is a great quote; "Planning streetworks to the high standards we expect takes time and few have tried to revolutionise the process during my 23 years in the sector. So, I'm excited about the potential of 1Streetworks to streamline complex traffic management plans, enable better communication with customers and highway authorities and improve the speed and accuracy of streetworks plans". If 1Streetworks is a 'revolutionary' step forward then I see little reason that SPA can't take 5-10% of the £400m UK TAM over the medium term (3 years), and potentially a lot more longer term (5-10 years). If the 4 other customers on paid trials convert to similar contracts they would have just 0.5% of that TAM... I therefore think this is dramatically undervalued at £65m market cap, particularly versus IQ Geo at £232m. Interested to hear other views on what could be possible moving forward... |
Posted at 13/2/2024 07:43 by robsy2 Just been having a mooch around the SPA website and saw the following in the 1streetworks section;Trusted by leading organisations; Surrey County Council UK Power Networks Chevron Traffic Management I haven't seen any specific references to 1streetworks deals having been closed with these three organisations,indeed maybe they are still at the trial stage,but to see their names and logos on the website as trusted partners suggests 1streetworks is getting traction. |
Posted at 30/1/2024 09:09 by hubshank 1Spatial plc("1Spatial", the "Group" or the "Company") New customer multi-year contract with European utility company 1Spatial to support a major utility based in Belgium to produce, and ensure the quality of, its geospatial data 1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, has secured a three-year contract with a leading Distribution System Operator for electricity and gas networks in Belgium, following a competitive tender. The contract is for geospatial data processing services and will see 1Spatial's 1Integrate product used for its unique data quality control and data validation capabilities, alongside 1Spatial's geospatial data production services. 1Spatial will assist the utility company in the production of a Digital Twin of its distribution network and enhance the quality and accuracy of its geospatial data. The project will enable the utility company to carry out a wide range of activities, including distribution network management, connection works and repairs, in a more efficient, cost-effective manner, ensuring the safety of its team and customers. The total contract value to 1Spatial is 9.0 million of which 1Spatial will deliver 4.1 million including 0.3 million in term software licence revenue. 1Spatial will utilise partners to deliver the balance of the work, with a total value 4.9 million, over the three-year duration of the contract. |
Posted at 01/12/2023 18:19 by fevertreeman One of the big mysteries about Spa is the apparent huge disparity in valuation between it & the other Cambridge-based geospatial listed player IQGEO, which has a market cap 3.4x bigger than Spa, despite broadly similar financials. The difference in valuation is stark - it seems that IQGEO management team's bet on international telco/utilities is delivering hugely faster growth & proving far more dynamic than SPA's public sector focus. Their management is being awarded a big premium against Milverton (and the latest CFO). Liverton has yet to prove that she can deliver the velocity in sales growth that will turn investors' heads. That said, valuing IQGEO at 3.4x SPA seems very rich to me, especially if Milverton's much-trailed SAAS solutions start to deliver the goods. Time will tell but I feel that Milverton really needs to deliver in 2024 or the company risks falling further behind or being on the end of a hostile bidSPA IQGEO Market Cap £53m £182m Interims Revenues £15.5m (+11%) £20.5 (+124%) Recurring Revs £8.2m (+24%) £7.2m (+61%) EBITDA £1.7m (-16%) £2.7m |
Posted at 27/11/2023 08:19 by robsy2 Intriguing RNS this morning that seems to suggest that the Streetworks product is ready to roll.A bit of history. The National Underground Asset Register ( NUAR) was a project started by HMG to register all the underground assest in the UK . SPA provided the platform and the software to collate all the data and maintain the register. This project is ongoing and expects to be fully completeed by 2025. HMG, through the Geospatial Commission, will now allow open access to the data so as to extract economic benefit. This mandates the 1Streetworks product; As they said in April 23; A 'major milestone' "This first release of NUAR is a major milestone in a programme that will benefit everyone," said Dr Steve Unger, Independent Commissioner, Geospatial Commission. "By using the power of location data to plan and deliver street-works more effectively, it will improve the efficiency with which we supply essential services and it will minimise the disruption experienced by other road users. Many different asset types are buried beneath our feet, owned by many different organisations, large and small. We are delighted by the number of asset owners that have recognized the value of working with us, to make the data that they hold more accessible." 1Spatial CEO, Claire Milverton, said: "1Spatial is delighted to be part of the team that are delivering the National Underground Asset Register (NUAR), which demonstrates our world leading geospatial capabilities and our ability to deliver on complex projects at scale. Our 1Spatial platform is responsible for transforming, validating, and maintaining the data from all contributing asset owners, demonstrating our world leading technology and skilled team. We are excited about the project to explore widening access to NUAR, which could enable further economic benefit to be realised from the asset. It could also provide an upside opportunity for our 1Streetworks solution." Alexandra Notay, Independent Commissioner, Geospatial Commission, said: "It is fantastic to see the progress being made on delivering the core 'safe dig' use case that NUAR is intended to meet, and I am very proud of the team at the Geospatial Commission for delivering this collaborative project for and with a wide range of industry stakeholders. The supportive statements from users in the project update is a testament to the value that NUAR is already bringing to those who manage our underground assets.". I read this announcement as a green light for users to access and use data on the NUAR register in an open way so as to get the economic benefits made possible from creating and maintaining the register. IStreetworks is a shining example of how to use the data to create economic benefit. . |
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