AIM listed 1Spatial (SPA) is turning into rather a good share tip 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.
Let’s start with the placing. It was not done at a huge discount. Indeed the stock was at 6p when the roadshow started. And there are no spivvy discount brokerages on board. Merely spivvy blue chip institutions. So yes they will flip but not at 8p. At 12p they will get tempted.
1Spatial also announced that it has signed up as its new non exec deputy chairman David Richards the founder of AIM poster boy tech play WANDisco (WAND). That is a PR coup.
Now to the deal.
on Shareprophets | Comments