Today SPA has released an encouraging H2 update, detailing continuing progress on multiple fronts, from further contract wins to; strategic partnerships and; a positive update on Geomap-Imagis. While we make no changes to forecasts, the update provides further reasons for optimism and evidence of progress – towards profitability and higher quality earnings. Trading on just 1x Jan-20 sales forecasts, it could be argued that the market has not taken note. Herein lies the opportunity.
08 Jan 2020
Positive operational update
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Positive operational update
1Spatial Plc (SPA:LON) | 60.5 -0.6 (-1.6%) | Mkt Cap: 67.1m
- Published:
08 Jan 2020 -
Author:
Harold Evans -
Pages:
3
Today SPA has released an encouraging H2 update, detailing continuing progress on multiple fronts, from further contract wins to; strategic partnerships and; a positive update on Geomap-Imagis. While we make no changes to forecasts, the update provides further reasons for optimism and evidence of progress – towards profitability and higher quality earnings. Trading on just 1x Jan-20 sales forecasts, it could be argued that the market has not taken note. Herein lies the opportunity.