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Pin to quick picks1Spatial Holdings Share News (SPA)

Share Price Information for 1Spatial Holdings (SPA)

London Stock Exchange
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Share Price: 63.00
Bid: 61.00
Ask: 65.00
Change: 0.00 (0.00%)
Spread: 4.00 (6.557%)
Open: 63.00
High: 63.00
Low: 63.00
Prev. Close: 63.00
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Sunday share tips: 1 Spatial, Babcock

Sun, 07th Mar 2021 19:48

(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of AIM-listed 1Spatial to its readers, citing the untapped value of its "sophisticated software" and large market opportunity for its services, including for technology giant Google.
Spun out of Cambridge University over 40 years ago, the firm's software allows clients to draw detailed three-dimensional maps at local, regional or national level.

Its business is growing quickly too, including in the States, and the essential geographical data that it provides has been valued at over £100bn, the tipster explained.

In the case of Google, the company' software allows the technology giant manage its offices, from where to place desks to the electricity requirements for each site.

Another client, but this time in the UK, is the government itself, which is creating a National Underground Register that includes all sub-surface pipes, cables and tunnels in digital map form.

"The shares are 35p and should increase materially as chief executive Claire Milverton rolls out her strategy for growth," Midas said

"1Spatial is a clever business, providing a much-needed service that can save lives and money. At 35p, the stock is a buy."



Babcock shares have had a good start to the year, but an expected rights issue and with the results of an accounting inquiry expected in May, the shares are best avoided for now, says The Sunday Times's Sabah Meddings.

Writing in her 'Inside the City column', Meddings explains how the stock has been boosted at least in part by vague takeover speculation.

Furthermore, it must be noted that the accounting inquiry into the carrying value of contracts on its balance sheet was initiated by the company's new boss, David Lockwood.

That, said Meddings, shows that the new management wants to draw a line under investors' concerns and move forwards.

Nevertheless, the firm's net debt has risen from £871m at September end to £1.2bn and may grow further as the company's business has been.

The company remains well within the limit on leverage set in its debt covenants, with net debt at 2.7 times' core earnings against the upper bound of 3.5 allowed.

Even so, she said, "with the threat of dilution and the accounting inquiry to come, Babcock is best avoided for now."
More News
26 Jul 2018 17:23

UPDATE: 1Spatial Raises GBP8 Million; Completes Share Consolidation (ALLISS)

LONDON (Alliance News) - 1Spatial PLC, a geospatial software and solutions company, said Thursday it has raised GBP8 million by selling new shares via an accelerated bookbuild process.The a

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26 Jul 2018 12:14

1Spatial To Raise GBP8 Million; Plans 1-For-10 Share Consolidation (ALLISS)

LONDON (Alliance News) - 1Spatial PLC, a geospatial software and solutions company, said Thursday that it will raise up to GBP8 million selling new shares via an accelerated bookbuild company also

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22 May 2018 13:08

1Spatial Annual Loss Narrows As Revenue Rises Across All Sectors

LONDON (Alliance News) - 1Spatial PLC on Tuesday said its loss narrowed in 2018 financial year following reduction in costs and increase in revenue.For the year ended January 31, the a loss

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15 May 2018 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

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15 Mar 2018 13:46

1Spatial Trading In Line As Core Business Performs Ahead Amid Disposal

LONDON (Alliance News) - 1Spatial PLC said Thursday full year trading was in line with its core business ahead of expectations, as it also sold a non-core business and saw a a

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5 Mar 2018 10:34

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5 Mar 2018 08:58

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20 Dec 2016 10:31

WINNERS & LOSERS SUMMARY: Lloyds Shares Rise After MBNA Deal

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20 Dec 2016 09:47

1Spatial to deliver FY loss, sells Avisen business

(ShareCast News) - AIM-listed spatial data company 1Spatial warned on Tuesday that it now expects to deliver an adjusted loss for the full year to the end of January 2017 due to slippage in a number of contracts. 1Spatial said that while its sales pipeline and order book remain robust, due to a numb

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18 Oct 2016 10:33

1Spatial points to growth in FY adjusted EBITDA

(ShareCast News) - Software group 1Spatial says the transition of its business model is well underway, as it reported a wider first-half pre-tax loss and pointed to growth in full-year adjusted EBITDA. The company booked a six-month pre-tax loss of £2.1m, from a year-earlier loss of £1.5. Revenue ro

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11 Oct 2016 09:11

1Spatial enters reseller agreement with mapping firm HERE

(ShareCast News) - Global spatial software, service and data quality company 1Spatial announced on Tuesday that it has entered into a reseller distribution agreement with navigation, mapping and location experiences provider HERE. The AIM-traded firm said the agreement follows the strategic partners

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11 Oct 2016 08:23

1Spatial Extends Partnership With Navigation Software Firm HERE

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20 Sep 2016 16:21

Andrew Roberts to join 1Spatial as chairman

(ShareCast News) - Spatial software and solutions company 1Spatial announced on Tuesday that Andrew Roberts was joining the board as independent non-executive chairman. The AIM-traded firm said Roberts was bringing "significant experience" to 1Spatial from both a technology and equity capital market

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20 Sep 2016 08:53

1Spatial Appoints Former Innovation Group Boss As New Chairman

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12 Jul 2016 15:06

Director dealings: St Modwen scion Clarke places hefty bet

(ShareCast News) - Simon Clarke on Tuesday became the third director of St Modwen Properties to buy shares as Brexit worries about the property sector sent the regeneration specialist's shares to their lowest level in three and half years. As son of company founder Sir Stanley Clarke, Clarke represe

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