Spectra Systems Share Discussion Threads

[kumbuka] 05/5/2024 21:33:39

Do you tell your wife that bully boy when she asks you how much of her money you have lost.

[pj 1] 05/5/2024 21:23:43

It pays to keep a sense of humour...!!

Meanwhile, I would hope for an increase in volume on Tuesday at least.....

[harrogate] 05/5/2024 12:26:21

So it is. Forgot completely

[pj 1] 05/5/2024 11:53:55

Well. I've done my research and due diligence and reluctantly concluded that as tomorrow is a Bank Holiday.....??

[harrogate] 05/5/2024 10:30:31

You've always been a glass half full sort of guy I seem to remember ?

[pj 1] 05/5/2024 09:53:05

I predict there is a zero chance of SPSY hitting 250p tomorrow.....

[nico115] 04/5/2024 23:50:51

Spsy 250p tomorrow ?Tipped in mail

[divmad] 11/4/2024 06:52:38

Counterfeit UK bar coded stamps are two a penny on Flea Bay. I know, because I got caught out several times in my business on my genuine postal sales.

[boonkoh] 11/4/2024 00:31:22

Hard to stamp out (no pun intended!) counterfeiting of stamps. It's a low value item. And one use - so not economical to put in advance security features as used for banknotes.But I ask you this - the level of counterfeiting was probably much higher before barcodes. When stamps all look the same generic look. It's just that back then, it was much harder to detect counterfeits. Now easier, with the unique barcode. So the rate of counterfeiting probably isn't higher. Just the detection rate. Which is good for Cartor, and Royal Mail, as they can charge more £5 fines and make more revenues.It'll also mean more people only buy stamps direct from RM or a Post Office, which is higher margin for RM.

[fft] 03/4/2024 03:53:25

Royal mail (who deliver things) and the post office are separate companies. They were split in 2012.Cartor supply the post office directly with the stamps. Are the post office carrying out random checks on the stamps they have in stock ?The next question is who supplies Royal Mail with scanners to check these stamps. Is it Cartor or someone else ? Or are they using multiple checks. It is disappointing that, so far, the royal mail don't seem to have explained why any stamps have failed the checks - but that could be a security issue.Are they then sending the stamps back to Cartor for Cartor to check them ? A number of cases have been reported that individual stamps within books of stamps have been declared counterfeit but others haven't. That could be because not all mail is checked or that different scanners have different settings.Either way, the post office surely don't want another scandal so would expect them to be actively investigating - though they don't seem to be yet :-(

[someuwin] 02/4/2024 23:38:31

Another Royal Mail scandal brewing? Lots of stories emerging about customers being fined for using counterfeit barcoded stamps which were bought legitimately. Either the stamps aren't being printed correctly or the detecting equipment is faulty.

Potential issue for SPSY as they own the company that makes the stamps and presumably the scanners as well?



From 11 December 2023...

UK stamp printer bought by US player

Spectra Systems has acquired Cartor in a deal to take a jointly developed polymer for currency to commercial status.
The company that prints the King’s head on millions of stamps each year has been acquired by US company Spectra Systems in a deal worth £10.5 million.

...Cartor operates from a high security plant in Wolverhampton where production equipment includes a ten-unit Cerutti gravure press, Goebel web press and range of Domino inkjet presses for producing the barcodes that are now integral to postage stamps for the Royal Mail and other postal authorities.

[pj 1] 31/3/2024 19:53:26

It has always been a share that needs regular positive news flow to prevent the wild fluctuations downwards at times.

[nico115] 31/3/2024 19:18:10

Spot on Harrogate

[argylerich] 31/3/2024 10:15:06

Spot on Harrogate

[harrogate] 31/3/2024 09:46:27

Great to have some interesting perspectives here - I am along standing shareholder here at 10 + years and it has been a fantastic investment for me so I am probably too positive on the prospects but I think Buff is too negative. It is true that the €50m Reader contract through 2025 - 2027 will create a bump in sales and profitability that Nabil needs to fill post that period. I agree that only Fusion is of a size to truly do that but with the recent Cartor deal there are more drivers of growth than before and also margin improvement across both Companies so I don't see it as without Fusion we will be back to 2024 levels at all
But we will need to break into Polymer if we are to really get the share price to a multiple of where we are so what are the chances - on the negative side there have been many opportunities that Nabil has talked about that have just not happened and where he has proved much too optimistic. Many of these have been in brand authentication where SPSY doesn't have a good base and is crazily competitive but in currency they have an amazing position and reputation. So while it is no slam dunk I think he will break into Polymer in the next 2-3 years and thus fill that gap and if he does the share price will be much much higher than today. If he doesn't I don't see it being lower as the Reader contract will provide the funds for other M&A and/or increased dividends and we still have a very profitable company. I think the current price offers very good risk/reward

[nico115] 31/3/2024 00:10:40

I have no teer for Buffet.But I have a teer for you .

[nico115] 31/3/2024 00:08:33

I am worried about equities post the elections though and any mkt crash would obviously decimate any price targets I have on anything so I retain the unenviable right to alter my price targets based on a deterioration in macro conditions . Global debt with another resurgence in inflation would worry me . As would a deflationary bust with some more QE.

[buffetteer] 30/3/2024 22:05:00

At least get the name right Dico (the one man Q&A board !!)

[nico115] 30/3/2024 15:48:57

Thanks ,great write up.I would back ST over Buffeter : )

[nico115] 30/3/2024 15:47:38

Thanks Elrico

[nico115] 30/3/2024 15:47:26

Still prefer it to EqlsI think we will win CB contracts for fusion hence my 100 bagger target of 17 pounds plus ..probably 20 pounds .

[petewy] 30/3/2024 15:39:57

see ST in IC