Spectra Systems Share Discussion Threads

[pj 1] 02/11/2024 09:55:40

Im looking forward to the ''further good news'' that was assured in the last presentation. My own ''review'' price is currently 320p which may change (upwards) subject to news flow and forecasts.

[death by donut] 02/11/2024 07:47:42

Out of interest Nico can u say if it was an individual or an II ?No prob of u can't.Seven years for me. DbD :-)

[harrogate] 01/11/2024 15:25:19

Not me selling. 11 years and counting for me. I will wait to see if we can break into the polymer bank note market. If we can then we are going to be much higher. If we can't there might be a time in the next year or so to look to exit.

[death by donut] 01/11/2024 15:21:51

Don't be giving them away too cheap .DbD :-)

[harrogate] 01/11/2024 15:02:56

Good bounce post budget. Might go higher - can sell a few at 2.57 at the moment

[zho] 21/10/2024 17:53:03

Close Asset Management edge abpve 10%

[fozzie] 15/10/2024 07:23:07

DLR market cap at yesterday close was £185M and authentication is approx a third of its business.

[boonkoh] 15/10/2024 07:19:47

A fairly decent reference price comparing DLAR Authentication to CSP?£300m price for £100m/yr revenues.CSP going to do c£18m/yr revenues. SPSY only paid £10.5m.Might be worth £50m back of the envelope based on P/S? SPSY only £120m market cap total. Obviously Authentication much different scale of business, and capabilities...

[fozzie] 15/10/2024 07:18:27

Crane NXT, the New York-listed industrial technology company, was on Monday night finalising a takeover of De La Rue's authentication division

An American predator is close to sealing a £300m swoop on a division of De La Rue, the Bank of England’s banknote printer, in a move that will herald a break-up of the historic company. Sky News can exclusively reveal that Crane NXT, a New York-listed industrial technology group, was on Monday night close to finalising a takeover of De La Rue's authentication arm. If confirmed, the purchase will leave the London-listed company as a pure-play currency printer which counts more than 40 central banks around the world among its clients.

Sources said that the value of the deal would likely be regarded as a positive outcome for De La Rue, whose balance sheet has been under strain for years. One added that the transaction with Crane NXT would eliminate De La Rue's debt, and include an unspecified sum to be injected into the company's pension scheme. Last year, De La Rue was forced to seek breathing space from its pension trustees by deferring tens of millions of pounds of payments into its retirement pot. Shortly after that, the company parachuted in Clive Whiley, a seasoned corporate troubleshooter, as chairman, with a mandate to repair its battered finances.

De La Rue has been exploring a break-up for months, with Sky News revealing in June that Crane NXT was working with Goldman Sachs on a possible offer for its authentication arm. As part of the process, it has also solicited offers for the whole company, although it was unclear on Monday night whether any such proposals had materialised. The authentication business principally works with government clients, providing traceability software to help detect fraud. One source said that under the revised UK listing rules, De La Rue would not be required to seek shareholder approval for the deal.

The move will fuel speculation that a sale of its currency division is inevitable in the coming months. Bankers at Deutsche Numis are understood to be advising the board of De La Rue on the authentication sale. De La Rue and Crane NXT have both been contacted for comment. On Monday, shares in De La Rue closed at 94p, giving the company a market capitalisation of about £185m. Its stock is up by more than half over the last 12 months.

[fozzie] 15/10/2024 07:13:01

DLAR sells its authentication arm for 300M.

[robsy2] 14/10/2024 18:28:22

Can’t make it David but I’ll catch up later.
I love the presentation, both style and content. Zero spin,Very refreshing,oozes confidence and honesty.

[davidosh] 14/10/2024 08:33:39

Spectra will be featured and analysed on the Mello BASH (Buy, Avoid, Sell or Hold) tonight if any of you would like to watch...

Join us for MelloMonday tonight at 5:00pm. The programme for the evening is as follows:

5:00pm An introduction to Lucius Cary of Oxford Technology
5:30pm Company presentation from Transense Technologies plc
6.10pm Educational Presentation
6:30pm Company presentation from Newmark Security plc
7:00pm Budget special
7:15pm BASH (Buy, Avoid, Sell, Hold) Panel

For more information, click here:
There are lots of interesting sessions and all annual pass holders and individual ticket holders will be sent a recording of the show within 48 hours of registering. For half price tickets, use code MMSTOCKO50.

[gnome3] 14/10/2024 08:24:57

I like the comment in Red about the Cartor acquisition: -

"Spectra is not interested in being a “holding company” and hence
shareholders should expect that we will alter their business to achieve
success with polymer and increase profits as needed."

Stick to your knitting!

[rimau1] 14/10/2024 07:48:04

There is a lot of detail which is great. Also love the retro 90s style powerpoint presentation with lots of words and bullet points and no pretty pictures. Are they being ironic or did they put the powerpoint together in 30mins last night. Either way i am a long term holder and happy to add on weakness leading up to 30Oct

[shanklin] 14/10/2024 07:20:23

As per today's RNS, well worth a read for those who didn't attend the recent presentation



It contains a lot more detail than the H1 results RNS

[death by donut] 02/10/2024 16:51:12

Watched the Paul Scott vid , with regard to SPSY and I'm not quoting exactly. He likes the stock and holds and thinks a '25 p/e of 8 is the , wrong price , I think were his words.DbD

[nico115] 02/10/2024 16:43:03

Brilliant thanks 325p seems low I'm at 350p and if we win polymer then a 3 or 4 bagger .

[pj 1] 02/10/2024 16:32:56

He originally tipped it some time ago, maybe over a year ago now.

[death by donut] 02/10/2024 15:49:37

Good it's getting coverage, just hope ST liking it doesn't cast the kiss of death .DbD :-)

[zho] 02/10/2024 15:42:11

The link should work fine but you can only read the first couple of paragraphs - the rest is behind a paywall:

This stock's earnings upgrade cycle will keep turning

Simon Thompson: Technology group is building momentum as it wins more lucrative contracts

* First-half adjusted pre-tax profit up 6 per cent to $6.2mn
* Huge central bank contract underpins earnings estimates
* EPS growth of 31 per cent (2024) and 114 per cent (2025)
* Forward PE ratio of 8.2 (2025)
* Net cash set to rebuild strongly

Chief executive Nabil Lawandy of Aim-traded technology group Spectra Systems (SPSY:239p) is “highly confident of delivering record results for the full year”.

It’s easy to understand why after the leader in banknote authentication, brand protection technologies, security printing and gaming security software won a huge $39.6mn (£29.8mn) sensor manufacturing contract with a central bank shortly after the half-year-end. Although the majority of revenue from the contract – the third successive win from the same client in as many decades – is expected to be received between 2025 and 2027, with a trailing manufacturing contract worth $4.5mn per year thereafter, the contribution to this year’s result will still be significant.

[nico115] 02/10/2024 15:38:56

Can't open

[zho] 02/10/2024 15:35:31

This stock's earnings upgrade cycle will keep turning

Simon Thompson: Technology group is building momentum as it wins more lucrative contracts

[zho] 02/10/2024 10:37:39

Paul Hill to interview Paul Scott at 2pm, including lots of stock ideas such as #CARD, #SPSY, #OTB, #GMS, #BKS, ….

[philly cheesesteak] 01/10/2024 10:20:57

PJ1, the share price action here is almost exactly the same as IGP / Intercede after it announced a major new contract on 5/12/23, which significantly upgraded it's near term expectations. Shares hit 100p on 6th December, but you could still buy them for 106p in late May.

It was only when the final results were published on 18/06 that shares properly broke higher as more retail investors saw how cheap it was. IGP now trades at 205p.

SPSY is forecasting FY25 EPS of $0.388p, which is 29p at current FX rates. That means it's trading at 8x next years earnings vs 17x this years. That anomaly will surely resolve itself over the next 12 months, the key question is how close it remains to the current 17x PER.

I'd say if the 'poised for first polymer orders in early 2025 comes off', it could easily retain the 17x rating on >29p EPS, which would see shares in the £5 region.