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SPSY Spectra Systems Corporation

221.00
-2.00 (-0.90%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Spectra Systems Corporation SPSY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-2.00 -0.90% 221.00 12:21:00
Open Price Low Price High Price Close Price Previous Close
223.00 221.00 223.00 221.00 223.00
more quote information »
Industry Sector
SUPPORT SERVICES

Spectra Systems SPSY Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/03/2023FinalUSD0.11501/06/202302/06/202323/06/2023
21/03/2022FinalUSD0.1101/06/202206/06/202224/06/2022
22/03/2021FinalUSD0.09503/06/202104/06/202125/06/2021
23/03/2020SpecialUSD0.0904/06/202005/06/202026/06/2020
25/03/2019FinalUSD0.0706/06/201907/06/201928/06/2019

Top Dividend Posts

Top Posts
Posted at 02/4/2024 23:38 by someuwin
Another Royal Mail scandal brewing? Lots of stories emerging about customers being fined for using counterfeit barcoded stamps which were bought legitimately. Either the stamps aren't being printed correctly or the detecting equipment is faulty.

Potential issue for SPSY as they own the company that makes the stamps and presumably the scanners as well?



From 11 December 2023...

UK stamp printer bought by US player

Spectra Systems has acquired Cartor in a deal to take a jointly developed polymer for currency to commercial status.
The company that prints the King’s head on millions of stamps each year has been acquired by US company Spectra Systems in a deal worth £10.5 million.

...Cartor operates from a high security plant in Wolverhampton where production equipment includes a ten-unit Cerutti gravure press, Goebel web press and range of Domino inkjet presses for producing the barcodes that are now integral to postage stamps for the Royal Mail and other postal authorities.
Posted at 31/3/2024 09:46 by harrogate
Great to have some interesting perspectives here - I am along standing shareholder here at 10 + years and it has been a fantastic investment for me so I am probably too positive on the prospects but I think Buff is too negative. It is true that the €50m Reader contract through 2025 - 2027 will create a bump in sales and profitability that Nabil needs to fill post that period. I agree that only Fusion is of a size to truly do that but with the recent Cartor deal there are more drivers of growth than before and also margin improvement across both Companies so I don't see it as without Fusion we will be back to 2024 levels at all
But we will need to break into Polymer if we are to really get the share price to a multiple of where we are so what are the chances - on the negative side there have been many opportunities that Nabil has talked about that have just not happened and where he has proved much too optimistic. Many of these have been in brand authentication where SPSY doesn't have a good base and is crazily competitive but in currency they have an amazing position and reputation. So while it is no slam dunk I think he will break into Polymer in the next 2-3 years and thus fill that gap and if he does the share price will be much much higher than today. If he doesn't I don't see it being lower as the Reader contract will provide the funds for other M&A and/or increased dividends and we still have a very profitable company. I think the current price offers very good risk/reward
Posted at 30/3/2024 14:49 by elrico
Spectra Systems #SPSY showcases robust financials with a 4% dividend, underpinned by a clear growth roadmap. Short-term prospects (2024-2026) span sensor contracts to security materials, while long-term (2027-2030) eyes global passport security and high-value holograms. tinyurl.com/2rsxcyh2https://x.com/lemminginvestor/status/1774070217263460476?s=46
Posted at 30/3/2024 10:54 by nico115
I don't believe Nabil was put on this earth to be CEO of a $100m mkt cap company .I believe he will be CEO of a $1bn plus company .That is Spsy = £20That's my price target here .
Posted at 27/3/2024 07:31 by robsy2
All looks good . Slightly improved dividend at 11.6 cents = 9.2p =4% and a very encouraging outlook;

"The acquisition of CSP is transformative and brings security printing into the core capabilities of the Company. CSP brings many optical materials opportunities through their existing sales pipelines and provides Spectra with a secure supply on a par with the two largest banknote polymer substrate suppliers. Excess capacity at CSP will be critical to polymer substrate manufacturing and the acquisition will increase Spectra margins and supply chain stability.

The combination of the sensor revenues, expected to begin with the execution of the manufacturing contract, as well as the increased opportunities for optical materials and downstream polymer substrate sales are expected to result in record revenues, cash generation, and continued long term growth.

The Board therefore believes that the Company is on track to achieve record earnings in 2024."
Posted at 04/3/2024 10:01 by cestnous
Divi declaration date 25 th March
Posted at 11/1/2024 15:03 by death by donut
Love this bb , always quiet .Just wanted to say HNY and all the best with your PFs.Hopefully another good year for my now top holding SPSY.Chilly on the buildings at the mo , brrrrrrrr.DbD :-)
Posted at 17/12/2023 09:53 by death by donut
The day Rambo ( local kebab van man ) stops accepting cash is the day I sell SPSY DbD :-)
Posted at 11/12/2023 23:52 by elrico
#SPSY Spectra Systems' strategic acquisition of Cartor - a game-changer in high-security printing! Market cap soaring from £82M to £88.4M, reflecting confidence in this bold move. [...]
Posted at 13/10/2023 07:49 by strollingmolby
Does anyone know much about SPSY subsidiary firm, SOLARIS BIOSCIENCES HOLDINGS LIMITED?

I've noticed it is late in filing its first year accounts to 31.12.2022. So is it doing anything or will it be wound-up, having received cash from SPSY?



Also, SPSY interim accounts to June 2023 included this note regarding ownership

3. Investment in affiliates and other entities

On December 10, 2020, the Company invested $702,000 in Solaris BioSciences ("Solaris") and increased its equity interest from 4.79% to 48.65% on an as converted basis. A noncontrolling interest is attributable to the 51.35% of Solaris not owned by the Company. Prior to the investment, the Chief Executive Officer of Spectra owned 84.54% of Solaris which declined to 46.01% after the transaction. As part of the transaction, the Company committed to provide $100,000 of services at cost to Solaris, of which $93,558 were provided during the six months ended June 30, 2021. In addition, the Company will provide nominal accounting support to Solaris and allow Solaris use of optical table space and facilities at Spectra. In accordance with Delaware law, the transaction was (a) unanimously approved by all three of Spectra's non-executive Directors and (b) specially approved by a majority-in-interest of the disinterested stockholders of Solaris. In addition, going forward Spectra's shares in Solaris will be voted as directed by Spectra's non-executive Directors. The Chief Executive Officer of Solaris is also the Chief Executive Officer of Spectra.

The Company has concluded that Solaris is a VIE and the Company is the primary beneficiary. The Company has consolidated the accounts of Solaris as of December 10, 2020. The aggregate carrying value of Solaris'' assets and liabilities after elimination of any intercompany transactions and balances in the consolidated balance sheets were as follows: ...simple balance sheet shows net assets of $109k.

So SPSY's ownership increased to 48.65% in December 2020, yet Companies House still shows Nabil Lawandy as >75% owner of Solaris.

I suspect/hope the update to Companies House hasn't been made, but can anyone shed light onto what this company does/was set-up to do?

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