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SPSY Spectra Systems Corporation

223.00
3.00 (1.36%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spectra Systems Corporation LSE:SPSY London Ordinary Share COM SHS USD0.01 (UNRES)
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 1.36% 223.00 6,886 08:00:00
Bid Price Offer Price High Price Low Price Open Price
216.00 230.00 223.00 223.00 223.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service USD 19.63M USD 6.15M USD 0.1364 19.06 117.15M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:20:27 O 2,250 222.40 GBX

Spectra Systems (SPSY) Latest News

Spectra Systems (SPSY) Discussions and Chat

Spectra Systems Forums and Chat

Date Time Title Posts
11/4/202406:52*** Spectra ***6,204
05/12/202308:08SPECTRA, A LICENCE TO PRINT MONEY ?178

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Spectra Systems (SPSY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:20:29222.402,2505,004.00O
10:09:17222.50321714.21O
10:08:28217.86331721.10O
09:46:53222.50393874.41O
09:34:17222.505001,112.48O

Spectra Systems (SPSY) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Spectra Systems Daily Update
Spectra Systems Corporation is listed in the Computer Programming Service sector of the London Stock Exchange with ticker SPSY. The last closing price for Spectra Systems was 220p.
Spectra Systems currently has 45,059,114 shares in issue. The market capitalisation of Spectra Systems is £117,153,696.
Spectra Systems has a price to earnings ratio (PE ratio) of 19.06.
This morning SPSY shares opened at 223p
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 19:53 by pj 1
It has always been a share that needs regular positive news flow to prevent the wild fluctuations downwards at times.
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 31/3/2024 00:08 by nico115
I am worried about equities post the elections though and any mkt crash would obviously decimate any price targets I have on anything so I retain the unenviable right to alter my price targets based on a deterioration in macro conditions . Global debt with another resurgence in inflation would worry me . As would a deflationary bust with some more QE.
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 12:13 by nico115
However long it takes us to get 5 Central Banks to sign up to Fusion . One will get us to 300p ,two to 400pOver and above and the sky is the limit .Back managements not stocks.No idea on price targets as impossible to have one as many moving targets but I believe in Nabil . He delivers and wants to make his shareholders a lot of money .
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 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?
Posted at 11/5/2023 22:24 by pj 1
Well to my mind if there are more buys then sells then the share price goes up. If there are more sells than buys then the share price goes down. I Have yet to be corrected on that point. I struggle to see that after 2 years the share price has hardly moved yet we supposedly have a monster buyer? If the shares the monster buyer squires come from thin air or I'd it feasible there is a large seller? I'm sorry you think I'm negative when in reality I am btt try ing realistic as to what is happening. I note from 3 years ago you we would be £5 plus now. The reality with your monster buyer is that we haven't moved for 2 years sng £5 is pie in the sky.
Posted at 13/9/2022 19:48 by vprt
Brucie5 (+Robsy2): Thank you very much, but I am not sure if this explanation will make you less confused...

Yesterday the SPSY market cap was said to be £62m when in reality it was ca £72m. The EV was therefore also ca £10m too high. EV-based valuation multiples are/were wrong due to this. I like to look at the "Value" view of my Stockopedia "Folio" and have sometimes found that EV/EBIT was stated as ca 9x when in reality it was ca 11x when I calculated it myself (of course mindful of the $/£ conversion and also of including both SPSY and SPSC shares in the share count). Try it for yourself.

It really irks me that I have made quite a few (top-up and slice) investment decisions whilst comparing Stockopedia's EV/EBIT multiples (or their inverse; the % earnings yield) across my portfolio, and that I am paying for a data service with (in case of SPSY) very inaccurate data which I thought I could trust.

The error is probably smaller today than yesterday because the SPSC and SPSY prices are closer to each other. (I have not done the calculation today). The error varies.

BTW, Stocko seem to use the (SPSY, rather than SPSC!) share price and EPS to calculate SPSY's PE ratio (rather than market cap and total net income), so the PE multiples seem not to be affected in the same way that EV-multiples are.

PS: Someone at Stockopedia is now - again - looking at this - as they did 6 months ago without solving it; I am not holding my breath...
Spectra Systems share price data is direct from the London Stock Exchange

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