1spatial Share Discussion Threads

[mmelody] 25/4/2014 15:38

Completely underwhelming update and a dearth of new business. They'd better hit their BD targets in next 6 months.

[geegeeuk] 25/4/2014 15:01

Looks like the market today agrees more with you mwaller than Yump and Solarno Lopez, and as for alyo's point that is clearly a number pulled out the air or mischief making...

[mwaller] 25/4/2014 13:54

;-) Yump this board wouldn't be the same without you. How can you say this is not good news? Any muppet can see that if you help a leading business sustain and exploit their most advanced critical business model this will put you in the running for all the other organisations and businesses around the world that need to start grappling with the same issues and exploit the same opportunities. This market is just opening up. Even 5 years ago the market may have been small - but since digitisation of everything and the rise of internet of things spatial big data is a growing headache and or opportunity for stacks of firms that never even heard of Spatial a year ago. Anybody done a review of the investor press this morning ... They are all very upbeat ... Not my PR. As I said I am a long term fairly significant holder. I just very recently sunk in a fairly big wad of cash tbh. Why? Because I understand the market and fundamentals... And have faith this is a good opportunity. This statement is a solid pointer we are still on the right track. End of.

[yump] 25/4/2014 12:40

OS is a previous and done deal though. However much OS offer to (for example BT), SPA do not get increased revenues.

However amazing the SPA engines are, they are already in use and OS have been using them for ages.

Also, other agencies have known about OS for ages.

So its not fantastic news. Its pretty irrelevant and nothing new wrt SPA.

To be honest, you sound like some sort of PR tweeter for SPA.

[412069] 25/4/2014 12:39

Cheers nw.

[mwaller] 25/4/2014 12:20

Good to see you two back again! 412069 thanks for the link. On the contrary this link is fantastic news... How do you think OS keeps its raw mapping data enriched and current to offer these services? They use SPA engines - massive rules based spatial big data number crunchers that can take real time updates on the fly from surveyors (using 1Edit) to bundling and packaging up the datasets to down stream consumers. You may recall from an earlier post a way back the discussion around the replacement of their original engines with SPA for the exact reason they couldn't cope with the update and curation cycle. Also don't forget UK OS is the most advanced mapping agency in the world. Where some lead others follow. SPA is a proven enabler of these advanced spatial big data business models - all mapping agencies and data providers will have to come to terms with.

[woodcutter] 25/4/2014 12:16

Before we can truly judge the trading statement i'd like to see how much of the software development has been capitalised to arrive at the "meets market expectations" for the P&L.

I'm a holder based on potential for the future but unless the cash postion is based on working capital changes we need to be a little cautious on the spend.

Woody

[spcecks] 25/4/2014 11:49

Also think a good result happy to hold.

[yump] 25/4/2014 11:38

Expected waffle and that's what they've put in the statement.

Repeating the jargon on here just makes it look worse.

Investors deserve a lot more considering the placing dilution.

[412069] 25/4/2014 11:20

I did think this below was part of the reason for the drop.

[mwaller] 25/4/2014 11:10

This is a good result. In line with expectations, a healthy backlog and order book, and on track for projections as per the prospectus. This past year was about shaping the platform for execution, which is significant effort, and is now pumping and good to go. They got the expanded leadership team, attracting some good talent, they have a consolidated well known brand, an integrated end to end offering with their core IP at the heart, and a coherent set of solution offerings they can offer on a global basis into key growth areas of geography (Asia) and segment (smart city), as well as expanding the footprint with new offerings into existing markets they are already anchored in and upgrading. SPA is in good shape. The Spatial Big Data Market is still at the start of growth with firms now orientating around how to move forwards. SPA is well positioned to capitalise directly and through strategic partnerships.

[solarno lopez] 25/4/2014 11:05

Has it ever been true ?

[hubshank] 25/4/2014 11:02

The future looks very bright if half of what they say is indeed true...

Key events that took place during the year ended 31 January 2014 were as follows:

- Established a world-wide organisational infrastructure

Against this backdrop and with a strong order back-log and significant pipeline of opportunities across a number of geographies and industry verticals, the Board remains confident in the Company's future trading prospects. 1Spatial is entering an exciting period of growth well-funded and with the structure in place to evolve and execute our strategy. 2014/15 will see us continue to develop our product and service offerings and to develop new geographic and industry markets.

[alyo] 25/4/2014 09:06

Not very good results. I now value these at around 2.5p

[solarno lopez] 25/4/2014 08:21

I wont be buying soon

[woodcutter] 25/4/2014 08:15

I have a small holding here which i've bought as a long term investment with a view to adding as results improve but todays in-line trading statement whilst reasonable hasn't demonstrated the growth i'd expected.

They're still burning cash. At the interims they had £14.7m cash on the BS and as of 31st Jan they've £11.1m. Taking aside the £0.6m for Star-Apic that's £3m extra in six months on COS and admin. There may be some adjustments for working capital spend but they need to control costs much better otherwise sometime in the future we're going to see a further placing imv.

Forecast (from digital look) were for £18m revenue and 0.03eps

Woody

[solarno lopez] 24/4/2014 10:10

Yes the salary size is outrageous and for what we ask ourselves

[mmelody] 24/4/2014 10:07

Popped back in here for the first time in a long time. Oh dear, I got turned off as soon as I realised what CEO was pulling in. I did suggest some time ago TCM but hey ho.

[412069] 16/4/2014 14:48

Not far off the placing price now, if we touch 4 or 5p before the results i will have another go.

[spcecks] 11/4/2014 10:38

solarno Lopez The daily volume has not been high so shares falling on low volume.

[yump] 11/4/2014 10:35

412069

I would want to see some very significant action in the business and particularly some openness even at 5p before I considered.

[solarno lopez] 11/4/2014 10:35

I would agree

[spcecks] 11/4/2014 10:34

Looks to me like a good buy at this price.

[solarno lopez] 11/4/2014 10:31

well I got this one wrong and how

[alyo] 11/4/2014 10:29

My guess would be it will go 4-5p at some stage