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1Spatial new contract almost won - share price can double again

By Tom Winnifrith | Wednesday 17 October 2012


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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.


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