IQ Holding Share Discussion Threads

[sagem] 01/10/2010 19:41

VERY IMPRESSIVE AND A COMPANY WELL TALKED ABOUT AND HAS HUGE POTENTIAL


Brokers' Notes

GE&CR initiated coverage for the business-focused software company 1Spatial* (IQH) with a "buy" recommendation and 0.123p target price The research house believes that the company's strong management team has positioned the group to leverage its sales opportunities as well as rein in its cost base ahead of the reverse takeover of IQ Holdings. Moreover, the firm is debt free and a prodigious cash generator, so it should be more than capable of funding its growth opportunities from internal resources. The shares climbed 0.03p to 0.08p.

[sagem] 01/10/2010 16:23

1Spatial puts another flag in global map

Written by News Desk
Monday, 13 September 2010 10:06

News - Technology

ShareThisCambridge-based 1Spatial, provider of intelligent data quality and integration solutions, is expanding further in Asia Pacific with a move into the New Zealand market.

It has signed a distribution agreement with Critchlow, provider of spatial data quality and processing services under which Critchlow will provide 1Spatial software and solutions to clients in New Zealand.

This is the second major expansion into the APAC region for 1Spatial with the recent appointment of Guy Perkins as managing director for Asia Pacific.

1Spatial says that there is a growing need in this market for clean, validated and trusted spatial data. "No longer are organisations satisfied with just making do – instead, they are finding that they can achieve significant productivity gains by enriching business processes with accurate and accessible location-based data," it said.

Jos Kunnen, Critchlow's chief executive, said: "Our customers are always looking for solutions to effectively and efficiently manage their location-based data and the benefits 1Spatial software provides are dramatic.

"The work, for organisations that produce and distribute maps and need to ensure the associated information is accurate and easily accessible, will literally be reduced from hours to minutes."

Critchlow will be adding 1Spatial's solutions to its existing offerings, thus making them available to more than 250 government and commercial customers throughout the New Zealand market.

1Spatial's technology will complement and enhance Critchlow's current data service operations by significantly increasing levels of automation, thus reducing the amount of time for quality assured, value added data products to reach the market.

Duncan Guthrie, corporate development director, 1Spatial, said: "Our partnership will enable 1Spatial to deliver its unique, scalable and secure solutions to both the public and private sectors across New Zealand."

As well as managing and maintaining its own NationalMap datasets, Critchlow processes very large datasets for many clients who will clearly benefit from 1Spatial's powerful technology approach.

With both parties demonstrating breadth of experience in local and central government as well as utilities, transport and engineering, this alliance will bring vital new solutions to an ever increasing client base underpinned by 1Spatial's long-standing relationship with Land Information New Zealand (LINZ).

[solaking] 01/10/2010 16:10

but come to think of it, what is 1spatial worth before this RTO? i think that will give us a clue about what our 10% will be worth.
cheers, SK.

[countesspoo] 01/10/2010 16:00

1 spartial seem to be doing deals all over the place

Critchlow signs deal with 1Spatial
Tuesday, 14 September 2010, 10:53 am
Press Release: Critchlow Ltd


Critchlow signs deal with 1Spatial


Critchlow announced today that it has secured the rights to distribute 1Spatial data quality and integration software in New Zealand.

"We're very pleased to offer this powerful technology to the New Zealand market. 1Spatial is an international leader in processing, transformation, management and maintenance of data," says Jos Kunnen Critchlow chief executive.

Today's announcement strengthens Critchlow's position as a leading provider of spatial data quality and processing services, according to Mr Kunnen.








"1Spatial is a leader in data conflation solutions, which aligns well with our expertise in managing large datasets and bringing together multiple disparate datasets," he says.

In addition to managing and maintaining its own NationalMap datasets, Critchlow processes very large datasets for many clients who could potentially benefit from 1Spatial software.

Mr Kunnen says the new 1Spatial partnership offers new capability to Critchlow's clients in terms of automating data inclusion, data delivery and data quality assurance processes for map production.

"Work that used to take hours will reduce to minutes using 1Spatial's solutions. For organisations with that need to frequently update large datasets or produce a lot of maps, the benefits are dramatic," explains Mr Kunnen.

Of the new partnership, 1Spatial corporate development director, Duncan Guthrie says: "We're excited about expanding our footprint in the Asia Pacific market. When we were looking for a NZ-based partner, we quickly established that Critchlow was the best option. We look forward to a mutually rewarding relationship.

[countesspoo] 01/10/2010 15:52

1 Spartial want to get in on the Aim market. The cheapest way to do this is by a reverse takeover via IQ Holdings.1 Spartial is an excellent world wide company you only have to check out the companies website

[countesspoo] 01/10/2010 14:55

another one forti easier to post link but this one is looking better & Better

[fortune44] 01/10/2010 14:43

Like a new company IPO floatation


1Spatial, once known as Laser-Scan, to float



1Spatial, the mapping company based on Cambridge Business Park and formerly known as Laser-Scan, is to float on the stock market via a reverse takeover involving investment group IQ Holdings.

The Cambridge company has gone from strength to strength in recent years, for the past seven in profit and with no debt. Customers include Ordnance Survey, Environment Agency, Cable & Wireless, and the RAF.

Current directors of 1Spatial, Nic Snape, Dr Mike Sanderson, Peter Bullock, Duncan Guthrie and Steve Berry will be on the new company board, where they will be joined by Marcus Hanke.

IQ, described as a "cash shell" after disposing of its trading companies earlier this year, has been on the lookout for a reverse takeove

[fortune44] 01/10/2010 14:38

AGM 18th October countess, so can see lingering near top board till then volume wise

[countesspoo] 01/10/2010 14:33

forti, think they will at least do a merchant house but i reckon 0.20p will be settling point when all done and dusted

[fortune44] 01/10/2010 14:25

Hi Countess, sounds like there onto something good with 1Spatial after reading up on the company

[solaking] 01/10/2010 13:40

hi sagem & all,
please your opinion:
should i sell before consolidation or should i hold until after consolidation?

reason i asked, i only have a small holding 719,741 @0.08p which cost me £566.64 on the last spike at the start of august 2010. so you see after consolidation i will only have 719 shares so as you can see for me to breakeven after consolidation the price will have to be 78p 719*78p=£566.64.
so you see where i am coming from. any suggestions or correct me if i am wrong.

can we get to that price as share price post-consolidation & post-RTO?
your explanation will be appreciated.

[jonno1] 01/10/2010 12:37

looking very interesting now, glad I added and averaged right down a while back. ...and still got that Rivington stuff as well, should come away from this with a very tidy profit.

[gonefishing3] 01/10/2010 11:03

not a holder guys but here.
1st October 2010

Analyst: Philip Morrish
Email: [e-mail]
Tel: [phone]

1Spatial* - Initiation of Coverage; Reverse Take-Over of IQ Holdings; Buy at 0.05p with a 0.123p initial target price

Key Data

EPIC

IQH
Share Price

0.05p
Spread

0.04p - 0.06p
Total no of Shares

21,205.291 million
(post 1Spatial takeover)
Market Cap

GBP10.6 million
(post 1Spatial takeover)
12 Month Range

0.0375p – 0.25p

Market

AIM

Website

www.1spatial.com

Sector

Software & Computer Services
Contact

Nic Snape
Chief Executive
01223 433445
1Spatial as a well developed and focussed location based software business is returning to the public markets through the reverse take-over of IQ Holdings plc, a shell company.

The takeover is subject to IQ Holdings shareholder approval in General Meeting on 18 October 2010 and will result in 1Spatial's shareholders controlling 90% of the enlarged but consolidated ordinary share capital.

1Spatial ended its financial year to 30th June 2010 with net cash of £0.481 million and sales and profits of £8.008 million and £0.073 million respectively. 1Spatial's strong management team has refocused the group's sales and marketing effort to capitalise upon the increasing numbers of geospatial opportunities that continue to emerge for this large ($2.65 billion market) and fast growing market (CAGR 38.4% 2006 – 2010).

1Spatial has net cash and is operationally geared and we are confident, subject to there not being a double dip recession, that our sales and, therefore, pre-tax profit and earnings per share expectations are deliverable.

We are valuing the group on an EV/EBITDA basis. Therefore, with the 'consolidated' shares trading at 0.05p on the enlarged issued share capital, the market capitalisation is £10.603 million but the Enterprise Value is £10.122 million, which is 9.51 times reported 2010 EBITDA of £1.065 million. However, we estimate that by the end of the financial year to 30 June 2012, the group will have increased net cash from £0.481 million to £4.182 million, which opens up the potential of the group paying a dividend as early as next year. Despite the increase in net cash, were the shares trade on the same EV/EBITDA multiple of 9.51 times, then, based on our 2012 forecasts, the shares should trade at 0.123p and with the shares trading at 0.05p, we initiate coverage with a recommendation of buy.

[fortune44] 01/10/2010 10:46

Here you are countess,little bit of investigation from 7th september 2010



Geo-information company 1Spatial in Cambridge has appointed Guy Perkins managing director, Asia-Pacific, where the company is enjoying significant growth

[fortune44] 01/10/2010 10:35

This one just 5 minutes ago

[fortune44] 01/10/2010 10:14

Whack in a grand or so and forget about it.

Good things going on, so good initial news flow should take her up

[countesspoo] 01/10/2010 10:01

And another

Commenting on the proposed deal, David Marks, chairman of IQ Holdings, said, "1Spatial's management has a wealth of experience within the data sector and has steadily grown the business, both organically and through acquisition. The Company has a proven financial track record and a solid business model which we believe offers considerable growth potential."

1Spatial provides an intelligent data quality and integration platform for organisations that need to trust their location-based information. The solutions and services provided are suited for organisations, which handle high volumes of business critical location-based data.

[countesspoo] 01/10/2010 09:54

Lots of news on google

StockMarketWire.com - IQ Holdings has reached an agreement for a reverse takeover of 1Spatial Group.

The deal is subject to shareholder approval.

1Spatial is leading provider of products and services that enable clients to collect, audit, manage, modify and reuse location-based data

Current clients include Ordnance Survey, the Environment Agency, Cable and Wireless, the Royal Air Force, and the Scottish government

IQ Holdings says that following completion of the acquisition, it is proposed that the name of the company be changed to 1Spatial Holdings to reflect the new business strategy.

The board members of IQ will step down and the current 1Spatial board members will take their place

[countesspoo] 01/10/2010 09:51

Commenting on the proposed Acquisition David Marks, Chairman of IQ Holdings,
said: "We have been looking at potential acquisition candidates for some time
now and we believe that 1Spatial offers our shareholders a significant
opportunity

[countesspoo] 01/10/2010 09:47

Well i've got a few, a great punt at a low start, for a new company

[mister md] 01/10/2010 09:00

... it is profitable, so there's a start

and has a nice website ;)

[mister md] 01/10/2010 08:53

anyone have any info about the financial performance of 1spatial ?

[sagem] 01/10/2010 08:51

This could be a good opportunity to get into this company at such a cheap price....does anybody else think this is so, it appears by the buys and volume others think the same.....ANY VIEWS

[waleriuszwatrobka] 01/10/2010 08:29

...£10-ish mln

"Based on a share price of 0.05p per Existing IQ Share as at close of business on
30 September 2010, the Offer values the entire issued share capital of 1Spatial
at GBP9.54 million. In the event that the Offer is accepted in full by all the
1Spatial Shareholders, 1Spatial Shareholders will hold 90 per cent. of the
enlarged issued share capital of IQ."

1,787.20m x 0.06p = £1.08mln + £9.54mln = £10.6mln