1spatial Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
1spatial Plc LSE:SPA London Ordinary Share GB00BFZ45C84 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 48.50 1,280 08:00:00
Bid Price Offer Price High Price Low Price Open Price
47.00 50.00 48.50 48.50 48.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Related Svcs, Nec 30.00 1.06 - - 53.59
Last Trade Time Trade Type Trade Size Trade Price Currency
15:51:08 O 1,213 47.325 GBX

1spatial (SPA) Latest News

1spatial (SPA) Discussions and Chat

1spatial (SPA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 14:51:0947.331,213574.05O
2023-06-09 14:51:0147.015224.45O
2023-06-09 08:01:0447.33157.10O

1spatial (SPA) Top Chat Posts

Top Posts
Posted at 28/4/2023 08:45 by tomps2
1Spatial (SPA) Full Year results presentation - April 2023

1Spatial CEO, Claire Milverton & CFO, Stuart Ritchie, present Full Year results for the year ended 31 January 2023.

Watch the video here: Https://

Listen to the podcast here: Https://

Posted at 26/4/2023 09:45 by gopher
A solid year in the chairs words. The share price has moved within a tight range over the last couple of years and it's difficult to see that changing much although swing to profit should help.
Posted at 06/3/2023 08:10 by robsy2
Decent update from SPA. steady progress, confident outlook and recurring revenues now up to 50%. All seems to be moving in the right direction and the valuation looks reasonable. Liberums price target unchanged at 80p.
Posted at 09/2/2023 17:53 by hubshank
What is the relevance of being "woman owned" to they get special treatment in the US? Quite a few very successful business women (watch dragons Den), Politics and indeed football amongst other sports. All I keep seeing is positive results and Contract wins for SPA. What's the evidence to suggest otherwise?
Posted at 01/2/2023 08:14 by wjccghcc
Can't find any details of this apple/google solution. Also, the NG911 deals SPA have signed are for 4-7 year terms so doesn't sound like the states know about it either.

Your only posts have been to slag of this company for the last 5 years so you'll need to provided a bit more evidence.

What do you have against 1spatial anyway?

Posted at 24/1/2023 23:59 by maddox
Hi Robsy,

Yes, I do the same - write myself an investment justification and plan. I initially bought last July after talking to Clare and Team at Mello Chiswick Conf. I've been following them for several years but bought-in on the traction they are getting in the US - NG911 - a six out of six win rate I recall. I like a cookie cutter proposition. Also, I think they've got the strategy right - build a Cloud-based SaaS business with high recurring revenue. They are currently valued at x2 revenue - but once profitable, growing and margins improving - easily x4 - my share price target is 100p.

The 1Streetworks does look good if you run some scenarios but as I said above - market disrupting propositions usually take longer than one would expect to breakthrough - no matter how persuasive the proposition seems. If you prepare Traffic Management Applications for a living at £30 per hour - something that take 2 mins - is going to turn you into a luddite. However, should be high margin and thus a low revenue threshold to achieve breakeven and is thus low risk.

The other presentations from the Smarter Data Conference are also instructive. The geospatial data field is clearly becoming mainstream. There are a number of important themes presented that will drive future growth - not least in the transition to Carbon Neutral. All this further supports the investment thesis but I do like to see a clear path to cash breakeven to de-risk the investment case.

Regards Maddox

Posted at 24/1/2023 11:19 by robsy2
Hi Maddox
Interesting 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 ‘transformational growth opportunities’, also in the latest Investor Meet presentation, Claire estimated the scale of the market opportunity in USA for NG911 as being worth 1m USD per state, so that is 50m USD ARR and NG911 for the 23,000 counties and cities as being in the region of 100m USD ARR . These are also big figures.

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 28/9/2022 08:59 by flc
By the looks of the share price then not very much! This should be trading at a much higher price but it's going to need a bomb under it to get it moving. Baffled, what's not to like?
Posted at 20/6/2022 09:03 by togglebrush
Note in my diary suggests AGM today ... share price up 2% early morning
Posted at 07/6/2022 12:36 by togglebrush
Share price spiking just before mid-day 7th June ... some 8.5% to 51p so far today,
1spatial share price data is direct from the London Stock Exchange
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