bullish
1Spatial - Trading in line, no COVID-19 impact so far
SUMMARY
1Spatial’s trading update confirms FY20 (ended January) financials will be in line with our estimates. We update exceptionals, amortisation of acquired intangibles and the year-end cash balance but make no material changes to underlying forecasts. The company has seen no impact from COVID-19 so far but is ready to take ‘appropriate action’. Given this, the halving of the share price in the last two weeks seems an overreaction.
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- 1Spatial - Trading in line, no COVID-19 impact so far23 Mar 2020
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