1Spatial has announced two new long-term contract awards with existing customers (Ireland’s Property Registration Authority and Ordnance Survey), adding to previous gains seen in 2018. Given solid H1 results, and evidence of positive contract win momentum through H2, 1Spatial look well positioned to deliver on FY19 forecasts. The Dec’19 EV/sales multiple of 1.9x looks undemanding against peers (2.7x), and with ongoing positive management execution, we believe a peer rating is achievable over tim ....
18 Jan 2019
Further contract wins reflect underlying traction
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Further contract wins reflect underlying traction
1Spatial Plc (SPA:LON) | 58.5 0.3 0.9% | Mkt Cap: 64.8m
- Published:
18 Jan 2019 -
Author:
Caspar Erskine -
Pages:
3
1Spatial has announced two new long-term contract awards with existing customers (Ireland’s Property Registration Authority and Ordnance Survey), adding to previous gains seen in 2018. Given solid H1 results, and evidence of positive contract win momentum through H2, 1Spatial look well positioned to deliver on FY19 forecasts. The Dec’19 EV/sales multiple of 1.9x looks undemanding against peers (2.7x), and with ongoing positive management execution, we believe a peer rating is achievable over tim ....