N+1 Singer has initiated its coverage of AIM listed tech play 1Spatial (SPA) today on the back of results. It claims that that the company is entering an exciting phase of its history and reckons that the shares ( now 7.25p) are worth 11.3p.
1Spatial (SPA) is turning into rather a good inclusion in my Nifty Fifty Recovery portfolio. It joined in November at a 4p offer price. The shares are now 7.625p after an £18 million placing at 6p with a blue-chip raft of institutions and news of a very exciting acquisition. This is a game changer.
AIM listed Tech stock 1Spatial (SPA) is on a share price roll. Those who followed my advice to buy the stock at 2p on 12th September owe me a tub of salted caramel ice cream as the shares are now at 8.875p valuing the company at a shade under £30 million. So what next?
AIM listed tech play 1Spatial (SPA) has today confirmed that it has won a new contract with Ordnance Survey Ireland (OSi) to provide it with a Geospatial Management Solution – the company had said that it had preferred bidder status on 17th October. But what is this worth? Rather annoyingly 1Spatial declines to put anything on the release. But I have had a brief chat with CEO Marcus Hanke on the matter.
AIM listed tech stock 1Spatial (SPA) has been a bit of a star recovery play over the past couple of months and an announcement of a potential new contract win today has lifted the stock ( 2p just a month or so ago) to 4.125p, valuing the business at £14.45 million. But there is far more to go for – my target price remains at least 8p and here is why.
