Spectra Systems Share Discussion Threads

[harrogate] 20/10/2023 08:11

Not sure about the maths! If it is the same buyer he must have well over 5% now and no RNS so far sob doubt there will be one this time. Would be interesting to see who has kept the price high while AIM implodes

[argylerich] 20/10/2023 07:57

That's over 2% of the company changing hands, likely see an RNS.

[harrogate] 19/10/2023 22:59

Well that is a chunky buy

[pj 1] 16/10/2023 17:41

Yet again the price action ( or lack of today) isnt matched by the trades posted. How much longer can it continue? It's baffling.

[strollingmolby] 13/10/2023 19:08

OK, I think I've worked out what is going on. Solaris Biosciences Holdings Limited is definitely a UK company, part-owned by Spectra Systems and part by Nabil Lawandy.

Solaris BioSciences, Inc is the vehicle acquired by Spectra Systems in December 2020


Solaris Nanosciences is a US firm (registered in Providence like Spectra Systems) as is SpectraDisc Corporation, two more companies founded by Nabil Lawandy, per the corporate website. Interestingly, I've found articles stating SpectraDisc was sold by Spectra Systems in 2002, and merged back into Spectra Systems in 2007 (per Admission doc).

Hopefully that is the full extent of the subsidiary companies...!

[harrogate] 13/10/2023 10:30

Yes undoubtedly Solaris is doing things but that is not the U.K. entity I don't think but the US company.

[strollingmolby] 13/10/2023 08:04

Thanks Harrogate. Solaris has been doing something though, as the 31.12.22 cash has declined from $150k to $14k at 30.06.23, and there is now an accounts payable amount of $22k which wasn't there a year previously. Possibly inter-group transactions, who knows?

[harrogate] 13/10/2023 07:57

I am sure this is just a dormant company that was set up to obtain EIS funding for Solaris. This never happened I would be pretty sure all the IP etc and the actual company doing the development is in the USA. But they do need to get accounts filed!!

[strollingmolby] 13/10/2023 07:49

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?

[boonkoh] 12/10/2023 13:22

Latest WH Smith broker note says this win pretty much all but delivers FY23 forecast. And that's not accounting for any other small extra sales/wins in next three months (or what company hasn't publicly announced for H2).Looks like a beat on FY23 forecast is very likely. I'm pencilling in around 5% more EPS into my model already.

[death by donut] 12/10/2023 10:31

Yes be nice to break through the 202p close 23/10/20Meanwhile, the Donut sipp is happy to see a bit of blue for a change .DbD :-)

[pj 1] 12/10/2023 10:06

A break of this level would put us at a near 3 year high.

[harrogate] 12/10/2023 07:26

Excellent news today on the central bank material order size. Very surprised that given this is high margin stuff that we haven't upgraded 23. Must be highly likely now to beat 23 number given H1 results.

[pj 1] 09/10/2023 18:07

Somebody bought some yet again. !! Incredible.

[death by donut] 26/9/2023 16:04

And just like that it's back to my biggest individual holding.Back over 200ma too , breakout over 185 would be nice.Pleasing to have a +ve day for a change , it's covered the AAZ fall anyway.DbD :-)

[death by donut] 26/9/2023 15:56

Ooh , hello , that's more like it!!!DbD :-)

[nico115] 26/9/2023 08:23

Two v good write ups in Stockopedia and Investors Chronicle highlighting how undervalued plus Irelands 320p target (granted they are the shop ) ,what's not to like ?!! Nabil had delivered yet again .

[kumbuka] 25/9/2023 20:00

Wonder on LOSER. That’s the limit of you’re understanding here.

[pj 1] 25/9/2023 13:13

I wonder if it would have been sold off if Revs had come In Needing to be 2nd half weighted.

[boonkoh] 25/9/2023 11:31

Don't pay any attention to the mid price as the spread is too wide.Fact is there's plenty of buyers just below the 170p mark, but there's also a seller in market atm looking to offload shares so it's keeping the bid low temporarily. Wait a few days, this will go above 170p in bid.

[death by donut] 25/9/2023 11:16

Well i can only get first few lines from broker notes , but both seem positive.DbD :-)

[death by donut] 25/9/2023 11:10

+0.6% , really?Once again, unless you do door to door to delivery of pizza , groceries or Chinese tat from online sites , at a loss , market not interested.DbD :-)

[shanklin] 25/9/2023 08:00

"Deferred revenue is a liability on a company's balance sheet that represents a prepayment by its customers for goods or services that have yet to be delivered. Deferred revenue is recognized as earned revenue on the income statement as the good or service is delivered to the customer."

[death by donut] 25/9/2023 07:53

Thanks Shanklin.DbD :-)