Spectra Systems Share Discussion Threads

[pj 1] 27/8/2021 19:13

Yes. I have an acquaintance who works in a Casino. The key question is how long a period is the ''churn rate''. I.E. how much % of the reserve is handled (gambled) each day.

I suspect its way sort of 20% of the total held, and as the virus can only last a max of 5 days on a surface then all the Casino has to do is rotate the cash within those limits.

I suppose the fly in the ointment though would be if anyone hit the jackpot and wanted settling in cash.

I suspect other rules apply around that though!!???

If they do ever manage to sell Aeris to a Casino, I have a feeling it would be to protect their own staff, who would handle more cash than is gambled, more than ''Punters''.

[sonofbanjosinger] 27/8/2021 19:01

An interesting fact .. all Las Vegas casino's need by state law to have cash on site, to cover every chip on site... it seems like a good chance to get to get some kind of contract for Aeris or the new note cleaning application.

[sonofbanjosinger] 27/8/2021 10:49

They did an ahead with last years half term results...

[harrogate] 27/8/2021 08:55

But isn't it the case that there are no numbers in the market for H1 so they will be neither ahead or behind expectations at H1. I can't see why they can't put out an ahead statement for the year with the H1 results. Even a material upgrade. As it happens I don't think they will which for SPSY historically is almost a miss for the year. I hope I am wrong.

[glaws2] 27/8/2021 08:19

Yes, but will have to be a small 'ahead of', if it were a large one then should have been announced to the market.

[pj 1] 26/8/2021 16:17

Is it possible for them to come in with ''an head of'' when there hasn,t been an ahead trading statement earlier?

[patient fox] 25/8/2021 16:15

Spot on cheers.

[wanttowin] 25/8/2021 15:35

Foxy, I emailed customer relations with the question yesterday and got the reply from a Brian Mclain. He said the week commencing the 6th, so it could be a day or so later.

[patient fox] 25/8/2021 09:58

Wanttowin where did you get that date from?.

[wanttowin] 25/8/2021 09:47

Interims on Sept 6th I believe, lets hope they kick start us out of this tedious decline we are in.

[nico115] 16/8/2021 12:16

Good to see a decent buyer on the links who keeps reloading Right price is 156-165 No sellers currently Next move is up : )

[investoree] 09/8/2021 12:59

Have just received 2 Emails this morning one from Natwest Bank the other from BMclain at Spectra who informed me that they are speaking to Computerserve to see what can be done to ensure that electronic dividend distributions are used instead of snail mail and paper based dollar denominated cheques. The Email from Natwest confirmed the delay in them processing Spectra Systems dividend cheques received from Jarvis. The only discrepancy was that the 8 week yime delay quoted by Jarvis is an under estimate as Natwest claim it can take them 10 to 12 weeks not 8 weeks.

It beggars belief that in this electronic age of nano second transactions holding shares in a company involved in making the handling of paper cash safer and more efficient, not to mention dramatically reducing opportunity for fraud being perpetrated is mind blowingly frustrating.

Just think of the currency fluctuations that can occur in a period of a few minutes let alone 12 weeks plus several extra days to allow for postal handling. All we ask and expect as shareholders is that we receive the correct amount of Spectra dividend promptly paid promptly with the correct amount of US withholding tax being applied.

I will be contacting both Jarvis and Computerserve again to find out the correct process required for he administration of our W8-BEN forms which are both current and in force at the time that Spectra shares went ex-dividend.

Sorry to have been the main cause of bogging down this Spectra thread with non specific company product news and information. Hopefully at some future date all Spectra shareholders will eventually have their dividends paid on an equal footing. IE

[harrogate] 08/8/2021 11:22

I wasn't arguing that trading as not lived up to our expectations and I am as disappointed as anyone. Although of course the large sensor contract will transform the P&L for 2/3 years. My point was that the inability of some brokers to do their job in connection with the dividend is somehow the companies fault and their unwillingness to sort is an indication of their desire to delist. That to be sounds like nonsense

[dcarn] 07/8/2021 20:41

Change broker, I'm sure SPSY divis were the reason i left iDealing, well that and abysmal customer service.

In my experience HL, AJ Bell and II deal relatively well with SPSY divis specifically, and non-UK domiciled companies divis, withholding tax etc in general.

Even if you don't want to move everything, just do a partial transfer for SPSY and run the two accounts.

[pj 1] 07/8/2021 19:56

I'm not sure if the ''nonsense' accusation is aimed at me or not but when we look that despite all the verbal bluster from the Co, that from the 5 years from 2015 to 2020 Revenues have increased just 4%,( I accept an increase of 11% into this year), over the last 2 years free cash flow growth is stalling and dividend cover of x1.1 is slightly below that of 3 years ago. On the figures it seems the Co is pretty stable but stagnant IMO.

Surely any Director who is doing his job correctly would be looking to cut costs especially when no funding is, or will be, required, as at the end of the day that is the purpose of AIM in particular.

I would guarantee the BoD have discussed de-listing at least. Ot they wouldnt be doing the correct job.

Off course I accept I may be talking more total nonsense, but that's not my problem is it?

[nico115] 07/8/2021 19:34

Valuation is not a catalyst

[harrogate] 07/8/2021 09:00

There is some nonsense being spouted on here. I guess that happens in a vacuum of news. This is an issue with poor brokers not the company or computershare. It is not spectra or the registrar's fault in my case that the broker that took over from ii in my SIPP didn't set up the bank mandates and so received a cheque. I got my dividend from IG and Ii weeks ago but still wait in my SIPP a bigger question might be why in this day and age it takes NatWest 8 weeks to clear a dollar cheque

[pj 1] 06/8/2021 21:38

Which would explain the share price action, especially in the face of a lack of news flow and failure to deliver on ''transformational'' possibilities

[pj 1] 06/8/2021 21:36

Its starting to sound to me like they are considering delisting.

[investoree] 06/8/2021 20:50

Have just received a written response by letter to my complaint against Jarvis who dismissed my complaint out of hand as they claim that they received the cheque from Computershare on 25th June and promptly passed it onto their banker, Natwest who claim that it will take about 8 weeks for the cheque to be processed. I have copied all the correspondence onto Spectra Systems Directors and asked them if they could put pressure on Computerserve to persuade them bring their archaic administration up into the standards expected in our modern electronic 21st Century, or failing that to consider changing to a UK Registrar who can provide a reasonable and timely service, especially as they are presumably not acting as a charity and being paid handsomely for providing substandard professional services to Spectra Systems.

Clearly complaining to the Financial Ombudsman Service about Jarvis is likely to prove fruitless as they will say it is nothing to do with us it is Natwest, our bankers who are responsible for causing the delay. Presumably I can't complain against Natwest because I am not one of their direct clients and Jarvis don't seem bothered with pursuing the matter as there is no loss to them, except when clients close/move their accounts to another incompetent broker.

What a complete fiasco all this is, in correspondence received from Spectra Systems they say that they are surprised at the lack of UK shareholder interest in company matters such as voting and attending AGM's. I for one are not in the slightest bit surprised at the mounting apathy by Spectra Systems shareholders, which is such a shame as I believe this is potentially a very sound financial investment, although the most frustrating investment I think I have ever held!

Having repeatedly been banging my head against a brick wall and deciding that it is beginning to give me a headache - I think I will take a pill. or perhaps several to see if this manages to change anything!

Have a good weekend all IE

[shakeypremis] 06/8/2021 18:15

Interactive were very good with my dividend this year. Got it almost immediately.

[pj 1] 05/8/2021 19:59

It really pains me to say it, but if its nominee accounts then HL or IG seem the best for divi distribution.

[ntv] 05/8/2021 19:55

They have not given this years dividend on that part holding so going to take matters further
This is the 2021 not the the 1980's