1spatial Dividends - SPA

1spatial Dividends - SPA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
1spatial Plc SPA London Ordinary Share GB00BFZ45C84 ORD 10P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 33.00 33.00 33.00 33.00 33.00 08:00:00
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Industry Sector

1spatial SPA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

wanbissaka: Thanks for the link. It just re-inforces the fact that this company is hugely overvalued. I would say they are worth about half the current share price and that would be generous.
the big fella: I think the only reason these went up to the 4p level was CTI were buying to average down. Now they appear to have had enough and the company is now getting to the point where there will be an ineviatable further cash call I can see the share price revisiting the lows again.
bapodra_investments: Turnover of 1Spatial is £22.1m and market cap is £23.1m. I accept that 1Spatial is loss making and has been for years and this will impact on the share price but surely this can only go upwards if the cost efficiencies and re-structuring of 1Spatial is successful.
bapodra_investments: 1Spatial – disappointing results (as expected), but more recent trading encourages: BUY hxxp://www.shareprophets.com/views/29297/1spatial-disappointing-results-as-expected-but-more-recent-trading-encourages-buy#sthash.hPEQrKYg.dpuf I am not a fan of HotStockRockets but they were spot on for Obtala limited and just look at the chart and share price performance for Obtala. If they are right on this then 6p+ is on its way and if any good news along the way and cost efficiencies made then a lot higher than 6p+ in my opinion. This is a £20m+ revenue generating business and the market cap is around £23m so a re-rate is going to happen and when it does those who sold, or did not buy or hold will regret it. This goes against my trend following principles but there are times when value investments need to be made using fundamentals and I think this is one of them.
walbrock82: 1Spatial closing in on 3p, after kitchen-sinking its balance sheet with losses of £15m. Even without the kitchen sinking, 1Spatial would make a loss of £4m-£5m. For those, who haven't read my research, below is my argument. The main problem is the high costs of hiring talent.; it costs them £65k per head. Also, admin costs account for over 50% of total expenses. I did some research last week, here http://bit.ly/2rb0x7Q In it, I stated three scenarios, they are: Best-Case Scenario; - I give a 20% chance for 1 Spatial to produce a £2m operating profit, which would help the share price to rocket up to 6 pence. Normal-Case Scenario; - I give a 30% probability for the company to be cash neutral meaning it makes enough to cover capex and acquisitions. That imply a fair valuation on today’s market value. Worst-Case Scenario; - 50/50 odds for the firm to raise more cash, while it continues to make losses for shareholders. The amount of financing is unclear, but a share price of 3 pence or lower is a real outcome. The worst-case is becoming apparent because cash balance fell to £1.3m.
bapodra_investments: The share price is desperately trying to break the 4p area but strong resistance at that level. It needs stronger buying pressure and volumes.
bapodra_investments: Re-rate commenced for 1Spatial. Acquisition growth strategy being executed. Business being scaled up and revenues looking good. Just need profitability and cash generation and the current share price will look ridiculous. Smart Cities are the future and for Smart Cities there is a demand for companies like 1Spatial around the world.
bapodra_investments: The trend looks strong and I think it will aim for its 52 week high of 5.38 - 5.50. Then it all depends on any RNS news released positive or negative, sentiment, etc. However should it make new 52 week highs then I can see the trend followers adding to their positions and taking this to ridiculous levels. However, this could just as easily on lack of decent news fall back to 2p. I am in profit within a few days of investing and my stop loss is in place. The turnover of 1Spatial is actually impressive for a small AIM listed Nano Cap. However, the problem is 1Spatial's inability to turn £20m revenue into any meaningful profit or should I say any profit at all. If this company starts to become profitable then today's prices will be extremely cheap and this could be a multibagger all the way. The efficiencies have already started. That is an extremely good sign. This was followed by director share purchases which again is an extremely bullish sign. Just look at Obtala Limited on AIM when something similar happened. The share price went from around 5p to 20p in a very short space of time. However with Obtala it had timber and forestry assets where as 1Spatial has a much bigger turnover.
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!
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!
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