Spectra Systems Share Discussion Threads

[fozzie] 15/6/2020 13:05

Down almost 25% from the recent high. My divi which is due a week on Wednesday is going to be buying even more shares to go in my pot ;o))

[shakeypremis] 15/6/2020 13:00

Some people still finding reasons to sell this off.

[wednesday6] 12/6/2020 15:42

Knocked share price for 6 not getting the asian deal but they did well to reach the semi,and understand why they refused to go lower.
If amyones thinking of selling down here the should read the trading update from march, still lots of new business opportunities ahead with trubrand etc, steady reliable income stream,rising divi(which is still being paid),
Share buy back program which i imagine will kick again at this level.
I doubled up on the recent fall amd see no reason to sell particularly down here.

[fozzie] 12/6/2020 15:24

I hope a lot of divis are going to be reinvested here in a couple of weeks time, great price to do it at. Getting a 25% discount on buying a week ago lol I hope Nabil has something up his sleeve for us this month to help get the share price moving in the right direction again.

[shakeypremis] 12/6/2020 14:53

It's been double-whammied. Smacked by MM's after not winning the Asian Central Bank contract and also hammered by general market sell-off.

[shanklin] 12/6/2020 14:26

Drop seems a bit harsh. Not much hope value now built into the share price

[scooper72] 10/6/2020 09:57

Picked up a few more for the ISA at 129p. Will see if it slides back again and see if I can average down that 129p price.

[shakeypremis] 10/6/2020 09:47

You know it's an Indian bank? If it's in India it can only be the Indian Central Bank as there is only one Central Bank per country. Right?

[fozzie] 10/6/2020 09:24

some chap on Twitter suggesting that this is worse than a profit warning, what do these people see when they read that rns. Yes it's disappointing that we didn't win this contract especially as the incumbent got knocked out in the first round of bidding but 20% off the price? Really? More fool the Indian bank that went with the cheaper option. They were offered a solution from the market leader at half the price they are currently paying and they wanted it cheaper. That says more about them than it does us imo.

[shakeypremis] 10/6/2020 09:07

Usernames turning up that at the very least haven't post for a quite a while. Spouting nonsensical garbage.

[fozzie] 10/6/2020 08:59

Nice work if you can get it, drop the price 20% first thing, hit a few stops, make a few weak holders panic into selling without properly reading the rns, buy their shares at 111-115 and then sell back at 126+ lol it really is just a game isn't it.

[volvo] 10/6/2020 08:57

Unusual RNS today, and the bleating about price doesn't sit well with me.

Its an excuse imo, maybe true, but an excuse.

If you work in business its all about quote, tender and some you win, some you lose.

This RNS appears to me that the company really did hang its hat on getting this contract and it is desperately disappointed. Why? did it need this contact to continue its growth?

On my screen as an interesting company, but currently I'm not a buyer.

[glaws2] 10/6/2020 08:54

Bones - in Jan they put out an RNS saying they had been in selected to move the next stage of the Asain contract evaluation and in March the results stated they were one of two bidders. They were therefore pretty obligated to annouce the result - it's market sensitive information.

[fozzie] 10/6/2020 08:50

Offered at 131 now lol

I am guessing that since Nabil had mentioned it in earlier rns that he thought it only transparent to update on its progress. Personally I wouldn't have mentioned it at all and then only if we won the business. Complete storm in a tea cup, nothing to see here, move along now please lol I hope investors managed to pick a few up, commiserations to all who were mugged at 111-115 this morning.

[ntv] 10/6/2020 08:50

A couple of years down the line they (Spectra) will probably get a phone from the said bank saying they want to use it's products as everyone is photocopying their notes on home printers!!

[fozzie] 10/6/2020 08:41

I am trying to buy more but cannot get a quote from iWeb or hl at the moment.

I have a friend who regularly has to go to tender on projects. He is the industry leader, usually the most expensive whenever quoting for work. He tells me that it usually comes down to cost and that he is always included as it gives a benchmark price that another company can be gauged against. He expects to lose most of the time but he keeps the contracts with the big hitters because they know the quality of the service provided. Assuming things is always a minefield, but perhaps this was a small bank looking to actively cut costs, asked the market leader to quote, tried to get them to come down further but when they refused (as Spectra did) that they had to go with the cheaper option. In any event the whole thing is not worth talking about, market makers have had a field day lol

[bones] 10/6/2020 08:38

Question: Why would the company RNS a failed bid if you are not already involved? The RNS is not clear on who the “incumbentR21; is but why mention it at all if nothing has been lost? Especially as a poster said the expectation was not in recent broker estimates.

So why RNS it?

[shanklin] 10/6/2020 08:32

What I would like to know is how SPSY managed to get into the last two.

[fozzie] 10/6/2020 08:31

I have bought a few, too good an opportunity to miss. All the little 2000 share sells just a gift for the market makers who didn't read the rns either, what a wheeze. They were bidding on a new contract but were beaten on price. We don't know any other details. It could have been a very small contract worth diddly squat. In any event it's not included in any figures and there are plenty more fish to fry. Amazing over reaction by market makers and some small shareholders.

[shakeypremis] 10/6/2020 08:25

Clocktower, I am not sure that is what the RNS says as Glaws2 has pointed out.

"Our cutting-edge technology package, built on experience with twenty central banks and two G7 central bank customers for nearly two decades, was offered to the central bank for ~50% less than the current long standing incumbent pricing with the winning bid being below ours."

Incumbent

The incumbent is the current holder of an office or position, usually in relation to an election. For example, in an election for president, the incumbent is the person holding or acting in the office of president before the election, whether seeking re-election or not.

So in this case it refers to the CURRENT provider to the Asian Central Bank.

[fozzie] 10/6/2020 08:23

That isn't true either clocktower, suggest you read the rns again. They offered a price which was 50% below the price of the company who currently has the contract. Where this sits in relation to normal Spectra pricing is not known.

[fozzie] 10/6/2020 08:20

This was a potential new customer so nothing lost here at all. Market makers drop the price 20+% at open for what reason? The few people who have sold at 112 have been mugged.

[clocktower] 10/6/2020 08:18

The daft thing is telling all your current clients that you offered it at a huge discount to what they are currently paying. That beggers belief.

Good luck if your sitting on your hands.

[glaws2] 10/6/2020 08:16

Bones - I think you mis-read the RNS; SPSY's price was 50% below that of the current incumbant (not SPSY).

[bones] 10/6/2020 08:08

Spectra dropped their price 50% from current in this bid and still lost. That rather implies that going forward, the best days of profitability are behind them or it may just be that Asian bank isn’t fussed about security. Let me know who it is and I will be sure NOT to bank with them!