Spectra Systems Share Discussion Threads

[nico115] 25/4/2023 12:35

So another 250k per annum of profit 2025 onwards Plus another 350k in interest on our cash balances with higher interest rates !Happy with both

[fft] 25/4/2023 07:29

Hey ho. FD disappears one day and contract increase the next day :-)

[pj 1] 24/4/2023 21:03

Surely the chances are it's something to do with the inventory write offs?

[nico115] 24/4/2023 21:01

Fair enough I spoke to the 2 old FD regularly. This one I've never spoken to and not heard wonderful things so I think she just wasn't up to the job . I'm not worried in the slightest although yes I understand yours and the markets concerns.

[microscope] 24/4/2023 17:23

You're probably right Nico, just my past experiences with things like this might have made me over-sensitive!

[nico115] 24/4/2023 16:11

If the FD wasn't up to it I think it's ideal she has gone.

[microscope] 24/4/2023 15:48

Long time watcher here. Good company, however this is hardly ideal. No thanks for efforts, and 'to explore other opportunities ' which I'd say roughly translates as she hasn't got a job.If it's just a case of a fallout then a good buying price. But it's enough to raise an eyebrow, though probably not enough to be a red flag.

[nico115] 24/4/2023 12:26

I'm not worried These things happen We've had decent FD sThis one probably not good enough Buying opp for me and I've added 25k

[harrogate] 24/4/2023 12:05

Doesn't it just add to the general concern about corporate governance and the lack of senior support around Nabil? The next appointment needs to be right and someone who he can put in front of shareholders. It does seem excessive though and now yields 6% even with the stronger pound.

[fft] 24/4/2023 11:42

Dont think I have seen the departure of a non board CFO cause such a slide, unless there were suspicions of dodgy accounting going on. But with the likes of the FED and DOD having oversight I find that hard to believe in this case.And have backed that up by picking up 15k at less than 165p. A price I didn't expect to see again. Let's hope it is just a storm in a tea cup ...

[shanklin] 24/4/2023 09:19

Our buyer is going to be loving this

[nico115] 24/4/2023 08:54

I would love to ,he's a top man and could learn a lot

[zipstuck] 24/4/2023 08:49

Question is who can work with Nabil.

[daijavu] 24/4/2023 08:33

Paul Scott on Stockopedia gave a very positive writeup on the FY results reported last month.

[nico115] 24/4/2023 08:07

Market doesn't like cos a few small sellers on the rns ? Hmmm ,non factor for me .Hope I'm right !! : )

[harrogate] 24/4/2023 08:05

Yes but he left last year and the replacement has left so when the new one starts that will be 3 in under a year. Market clearly not like it - let's hope that the large buyer is around to take advantage of the price drop

[nico115] 24/4/2023 08:00

Brian had been there a while Have you never made a mistake Harrogate ?If not can I back you please ?

[harrogate] 24/4/2023 07:40

But she was recruited by Nabil so if not well regarded then that was a poor selection. Not a good look to keep losing FDs alongside the continuing failure to hold an AGM. They keep providing reasons for people to stay clear. Having said that I suspect the finance role at Spsy is not that commercial or strategic

[nico115] 24/4/2023 07:37

I don't think she was highly regarded so not a factor.

[robsy2] 24/4/2023 07:19

She didn't fit in then? Only been there since June last year.

[harrogate] 13/4/2023 11:12

But he should also have told to that DLAR only have 5% of the global polymer note market

[shanklin] 13/4/2023 11:02

Just had a Twitter exchange with @fwyburd who attended an SPSY WHI presentation on 21-Mar-23. He quotes Nabil as having stated "polymer note market is growing at 18%CAGR, paper notes at circa 3%"

So, my assumption that DLAR are just making up facts to suit themselves may have some basis in fact.

[nico115] 13/4/2023 09:39

Looks like buyer has bought 3pct so farProbably return to buy cheaper and if not successful back up we go