Location Sciences Group (LSAI)

Sector:

IT Services

Index:

FTSE AIM All-Share

 0.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.25
  • 52 Week Low: 0.40
  • Currency: UK Pounds
  • Shares Issued: 570.37m
  • Volume: 1,107,046
  • Market Cap: £2.57m

Location Sciences shares rise as it signs new master service agreement

By Josh White

Date: Tuesday 03 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Location data verification company Location Sciences has entered into a global master service agreement with "one of the largest" global advertising holding companies, it announced on Tuesday.

The AIM-traded firm said the deal followed the recent signing of a framework agreement with Horizon Media - the world's largest independent media agency - which represented "another significant step" towards increased market adoption of location verification software.

It said the signing of the agreement also followed multiple tests carried out in the fourth quarter of 2019 by certain advertising agencies within the advertising holding company's group using 'Verify', Location Sciences' location verification platform.

The company's directors believed that signing the master service agreement supported its strategy of pilot arrangements with advertising agencies, thus allowing customers to see the value of the Verify data and the significant improvements that could be made to performance.

Across the market, the company said it was continuing to see over 50% of inaccuracies and fraud in location advertising campaign data, which its platform was helping to clean up and improve.

"These agreements are pivotal for us as we operate in an emerging market," said chief executive officer Mark Slade.

"Furthermore, they demonstrate that the relevant stakeholders in these large multinational agencies recognise the potential of, and back, our technology and capabilities.

"While we are still relatively early in our journey as a business, these agreements give us access to a large pool of location advertising spend."

Slade said the key for the firm now was to keep building awareness of the benefits of location verification with brands, by leveraging the new agency agreements.

"The board remains focused on demonstrating how our technology solves a global problem in the digital advertising industry thereby driving performance and therefore return on investment to advertisers."

At 1531 GMT, shares in Location Sciences Group were up 9.6% at 1.37p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LSAI Market Data

Currency UK Pounds
Share Price 0.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.25
52 Week Low 0.40
Volume 1,107,046
Shares Issued 570.37m
Market Cap £2.57m

LSAI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average
30.53% above the sector average30.53% above the sector average30.53% above the sector average30.53% above the sector average30.53% above the sector average
Price Trend
94.65% below the market average94.65% below the market average94.65% below the market average94.65% below the market average94.65% below the market average
96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average
Income Not Available
Growth
59.30% above the market average59.30% above the market average59.30% above the market average59.30% above the market average59.30% above the market average
70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average

LSAI Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
14:26 95,000 @ 0.47p
14:14 248,520 @ 0.41p
11:21 28,288 @ 0.41p
10:09 206,204 @ 0.41p
10:07 527,244 @ 0.47p

LSAI Key Personnel

CEO Mark Slade
CFO David Rae

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