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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
|
|
|---|---|---|---|---|
| 0.50 | 0.86% | 58.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 58.50 | 58.50 | 58.50 | 58.50 | 58.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 20/1/2024 13:33 by hubshank Now I've found a broker note via investor chronicles "The one analyst offering a 12 month price target expects 1Spatial PLC share price to rise to 80.00 in the next year from the last price of 51.50." |
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 12/10/2023 18:49 by gopher I watched it he presentation and the company are moving on at pace here and very confident on the new street works product. I gathered the US SAAS product is dependent on the state sale to sell into the counties and cities and a little behind. Overall impressed but investors must trust the financials will come good, I remain optimistic. |
Posted at 06/10/2023 19:31 by eeza Interims on Tues 10 Oct and a presentation on Investor Meet on Thursday, 12 October 2023 at 4pm. |
Posted at 24/1/2023 11:19 by robsy2 Hi MaddoxInteresting what you write. I don-t have any industry knowledge but attach the notes I write to myself before I invest in anything. I do this to try and get a bit more discipline into my investing process.It helps me to know why , or sometimes why the hell, i bought something! I hope you find it interesting. It is all a learning journey so i am happy to have it all critiqued. " SPA has developed a software app they call TMPA which stands for Traffic Management Plan Automation. They have been developing this for the last 4 years. It automates the whole traffic management plan process according to “The Red Book”, which is the name given to the permission process and compliance requirements that need to be adhered to when anyone does any road works in the UK. SPA’s tech means that a compliant application to do road works, complete with accurate location of affected underground assets, road redirection plans, signage requirements, road signage, traffic cones, stop & slow down signs , redirection signs etc. and notification requirements for service outages, can all be generated in seconds! This is not a trivial matter because apparently there are 2.5m cases of minor roadworks in the UK and each has to be done in compliance with The Red Book. To date, the generation of the required Red Book compliant traffic management plan has been a very time-consuming, non-automated process with total industry costs estimated at around 500m GBP a year. The promise is that SPA’s TMPA product makes traffic plans 100% automated, so that within 30 seconds of inputting data, the user will have a fully compliant plan with a map and complete spec for the job. TMPA could be massive. In a recent shareholder presentation, CEO Claire Milverton, suggested that the TMPA project could get them a 30% market share of the 2.5m cases of roadworks in the UK at 100 GBP a plan with 80%+ margins. In the latest Investor Meet presentation. Claire suggests that with the TMPA project they would be looking to get 30% of the 2.5m cases of roadworks in the UK at 100 GBP a plan with 80% margins within 3 years. If so, then it is truly exciting to think that within 3 years, we could be getting turnover of 750,000 x 100 quid a year = That is 75 million GBP a year of additional turnover. Is that a real aspiration that is thought-out , being maybe shadow budgeted for, or is it an aspiration at this stage? I asked more questions but got no answers. I am trying to work out how realistic is this possible 75 million GBP turnover? How would that business process look? What needs to happen? What is the time frame? What are the obstacles that need to be dealt with to get there ? What is in the budget to back up the aspiration? OTS of ‘transformatio Maybe generating 75m GBP a year at 80%+ margins is wildly optimistic? If they charged a mere 25 GBP a plan (the company talk of 100 GBP a plan) and processed just 10% ( not 30%) of the 2.5m market at 25 GBP a go, with an 80% margin, then the company would still generate 5million GBP a year of gross profit. To put the 5 million into a context, in the year to 01-2023, SPA plc hopes to generate total gross profits of 15m GBP a year, so any movement towards getting an additional 5m GBP gross profit from Traffic Management would be very positive and this could be just the beginning. In her own words, the CEO says that “ contractors and utilities are crying out for a solution like this” and she “doesn’t think it will take long to get to 20-25% of the TMPA market” and that they are “strongly excited about the opportunity”. In short, they are confident they could get to a 30% share over the next 3 years- if it works of course... Do the math as they say! OK I’ll do it! The Blue Sky scenario with the TMPA product would be to achieve a 30% market share at 100 GBP a time with 80% margins by year end 31.01.26 (FY26). What would that look like? If SPA achieved 10% in FY24, 20% in FY25 and reached full 30% by FY26, very roughly speaking and with all other factors held constant, we would be talking about gross income as follows; The table below hasn't cut and pasted well but the titles are; - Year End; - Additional Gross contribution GBP (millions) -Projected Gross Margins -Total gross profit -Estimated EPS -Margins at 8%( i.e. modest) -With 111m shares in issue Projected share price at PER 15 -% Upside from Upside from the current share price of 50p 31.01.24 10% x 2.5m x100 GBP x 80% 20m 16m as per broker 36m 4.1p 62p +24% 31.01.25 20% x 2.5m x100 GBP x 80% 40m 17m ? 57m 6.1p 91p +82% 31.01.26 30% x 2.5m x100 GBP x 80% 60m 18m ? 88m 8.2p 123p +146% The above scenario is obviously very much a “back of an envelope” type projection, but it is based on reasonable assumptions regarding margins, growth and possible valuations and makes no reference to the NG911 opportunity, which is potentially bigger and only plugs in modest growth across the remaining business ex TMPA. The upside is potentially transformational and the bottom line here is that if absolutely nothing comes of the TMPA opportunity, the business still looks set to grow nicely elsewhere. Can they do it? They think so and have been trialling TMPA with one major roadworks contractor since October 22, so things are on the move. They are first to market with a TMPA and it could be seen very well by all parties. Potentially this is deliverable in a relatively hands-off, high-margin way. No-one else is doing this because no-one else has the technical capability and the data sets to attempt it. The opportunity is there in front of them and one imagines that contractors in the infrastructure space could be interested in paying for something that saves them money. It could be that TMPA or variants could be applicable in other parts of the World where SPA has a presence e.g. Ireland |
Posted at 29/9/2022 16:01 by togglebrush Investor Meet Company PresentationA presentation to retail investors will be hosted on Thursday, 29 September 2022 at 4pm via the Investor Meet Company platform. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free via: |
Posted at 28/9/2022 07:27 by togglebrush Ppresentation to retail investors will be hosted on Thursday, 29 September2022 at 4pm via the Investor Meet Company platform. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9.00am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free via: ( |
Posted at 20/9/2022 00:10 by w t tutte @mginvestor .... thank you for this. How strange, when I use your link I see everything that should be there but when I go in normally through the website I get a completely different investor page and there is no Aim Rule 26 tab or information. |
Posted at 19/9/2022 17:54 by mginvestor W T Tutte, what exactly is missing? |
Posted at 15/5/2022 21:56 by melloteam Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies Just to let shareholders and prospective investors know that 1SPATIAL will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50. For more information, please visit the event webpage: |
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