Spectra Systems Share Discussion Threads

[glasshalfull] 28/5/2019 16:25

Well I’ve joined you nico in a few top ups today. Added 20k shares in total.

My recent write-up confirms why I believe SPSY an excellent investment (see post 3/4 weeks ago) & with the current uncertainty in the U.K. I like the $dollar denominated & diversified earnings.

Kind regards,
GHF

[nico115] 28/5/2019 10:57

Many may be hoping shares drift so they can buy shares with their dividend.Decent seller around Let's hope the buyback kicks in soon!!

[clocktower] 28/5/2019 10:20

Very disappointing performance regards the share price - and hopefully the buyback will commence before mid- June 2019.

[nico115] 28/5/2019 09:51

24k to be precise !!

[nico115] 28/5/2019 09:49

Bought another 20k Good price!!

[nico115] 22/5/2019 15:34

Haha you read my mind !!June 28 will deploy some funds as long as 120 or below as will be Xd June 8

[fozzie] 22/5/2019 15:16

The Pounds continued weakness making our dividend here look ever more attractive. I would think many here will be reinvesting said dividend, lets hope the buy back just holds off for another few weeks ;o)

[fft] 20/5/2019 12:46

Anyone any news as to when the share buyback will continue ? Or are they waiting for India news (does modi re-election have an impact on budgets ) ?

[fozzie] 16/5/2019 19:27

Under the proposed plan, the Company is reducing the shares available to be issued from 13.8M shares under the existing plan to 11.3M shares under the proposed plan consisting of 4,297,851 options currently outstanding and 7,000,000 shares available for future issuance. If the proposed Amended and Restated Plan is not approved, the existing 2007 Plan will remain in effect.

[peterc1970] 16/5/2019 10:56

The options arrangements seem ok to me

[nico115] 16/5/2019 10:35

Dm Plse so we can speak ?

[fozzie] 16/5/2019 10:33

I have emailed IR and asked them to clarify options arrangements.

[fozzie] 16/5/2019 10:15

Could you try and arrange a meeting with Nabil to confirm options arrangements Nico or email IR? You have gone from £5.00 a share to looking for an exit in a week! can't be that bad surely.

[nico115] 16/5/2019 09:53

yes harrogate and hopefully some financial conditions like eps doubling!!

[harrogate] 14/5/2019 18:30

The option document states that the exercise price has to be the market value I am pretty sure. Better than the usual 0c/p options we see all the time these days

[shanklin] 14/5/2019 18:25

Not that I have been able to find any information on this but provided the option exercise price is the prevailing share price I would be less worried about what is a huge number of share options. At least management would then only be pulling out up to 17% of the value added from her forward.

In this context I see the last lot option exercise was exercised at $0.60, suggesting that the exercise price was not just set at 0.

[nico115] 14/5/2019 17:49

Bought another tenner the other day
That’s it for me ,

[nico115] 14/5/2019 06:47

Thanks Gnome24pct dilution would be excessive to say the least We potentially will buy back 4m shares and at the same time grant 7m options !!

[gnome3] 14/5/2019 03:18

and the rest Nico......

According to the AGM notes, there seems to be 4,297,857 options granted under the previous scheme which can be added to the 7,000,000 as potential future dilution. I make that a little over 24% total dilution, if and when all are exercised.
Having said that, a similar amount was in existence when the company listed, so it's not exactly new news. Anyway, if as you say, we have a genius for a CEO, I'll be happy to let him prove it and good luck to him!

[nico115] 13/5/2019 18:23

16 pct dilution : (

[nico115] 13/5/2019 13:41

lets hope conditional on some hurdles

[nico115] 13/5/2019 10:34

Thx v much Gnome

[gnome3] 13/5/2019 10:01

Nico, I looked back through the Admission document and it seems that the previous scheme was set up in 2007 and a total of over 14 million shares were reserved for employee incentives. As i understand it, there are 9,182,222 remaining (not granted). The problem for the company is that the board are unable to grant any further share incentive options under the scheme as it is more than 10 years old. They wish to set up a new scheme, with shareholder's approval, which will replace the 9,182,222 with an ability to issue 7,000,000 under a new scheme. The key point which struck me whilst reading through the proposal was that the previous limit of 200,000 options per year/ employee will not apply under the new scheme. So, I imagine we can expect some chunky share options going forward, if approved.