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J O Hambro increases their holding in 1spatial again.
https://www.investegate.co.uk/1spatial-plc--spa-/rns/holding-s--in-company/201811011813221127G/
Sorry you haven’t told me anything I don’t know. Why bother with this company and waist your time typing if you don’t have any shares in it. Wow just seen on the internet legal and general have sold some shares awful, I’m shaking now maybe I will sell.
Seeking 1 let me educate you. 1integrate was renamed 3 years ago. It was previously known as Radius studio and is as old as the hills. No new software @1spa. No brains left to develop anything. Talent has all left. They are just kidding the shareholders to keep the fat cats in jobs.
4. The cash position at half year was terrible standing at £734k down from £2.293m in July 2017. Management have burnt £1.559m in a year!!! As a growth company one would expect this to translate into revenue growth but NO deferred revenues are down £754,000 and total revenue has only increase by £270k. 5. Management have raised £8m diluted all the share holders to support growth so let’s apply the same metrics, Lets be kind and say they’ve got £4.5m of the cash left (4.5m/734k= 6.13 time) so let’s apply that to the anticipated revenue growth (£270k *6.13=£1.655). So Management have raise £8m diluted the shareholder and if their track record proves out they will add £1.655m of one off consulting revenue to the business!! 6. What an investment case, raise £8m and add one off revenue of £1.655m while the board get fat with salaries and bonuses, while the tell the market they’re a growth software company....
Expect to hear soon about impending contracts to be signed off. And no I cannot say who the horse was.
No doubt all the fund managers have made a very big mistake and will be selling on what you have enlightened us all about. As for the company just being consulting company, how come they have MADE thier own patient software and recently developed 1intergrate which is in the process of being rolled out.
Regarding your figures I will be looking to see what the annual results are, and going by what you say expect a drop in profit of 2 million.
1. A quick look at the balance sheet shows the decline and destroying of shareholder value, deferred income (accountants words for recurring revenue) has fallen 19% down to £3.260m from £4.014m that’s lost contracts, so in the half year they’ve lost £754,000, the full year position will be at least £1,508,000, i predict this will be approaching £2m at year end.This is now a pure consulting company and should be re-rated as a consulting company with a 0.8 times revenue valuation. 2. There also been a swing to the bad with Trade Payables now standing at £1.8m from £1.4m, so they’re not paying suppliers or HMRC!! 3. And what’s the Story behind the Write off accrued revenue £138k?...
alright but not shout for joy. Full year is likely to be breakeven at best thanks to having to start from the negative of these figures. And that takes no account of acquisitions if any Bottom drawer for now.
Edison note out. Positive outlook.
I guessed right. USA market. 1spatial contract with google. Very good results.
Who ever advised the 1:10 consolidation needs sending down, should only be advised when there’s good news to follow’ this thing could be shrapnel when they finally deliver the BAD news
For holders who are interested. Check gis world, magazine. And type 1spatial in the search box, the magazine itself which is free online, gives a idea of the size of the area that 1spatial is in.
interesting and exciting times ahead
If the interims put them in the black I can see A move to 50p quickly.
With a vast % of the capital in hands of four institutions and another significant holding by Directors and Managers, demand does not have to be enormous to send the SP gently upwards. As this month gets closer to Oct and release of interims, expect gentle rise.
By directors dealing ! I’m back in the room
Interim results due out in October. Really looking forward to it.
Methinks they may be close to another contract win. Plus sales of software rising.
Hi Seaking1,
Thanks for your update. Just now another RNS for a non-Exec tucking shares away. No SP change but it bodes well.
1intergrate formally launched in Australia, 18 sept. Missed that one.
More director buying.
We really could not ask for more positive signs.
Expected but still indication of confidence for future.
sell when they are bought out. Which I think will be over £1 .