Spectra Systems Share Discussion Threads

[ntv] 18/7/2017 08:49

another interesting annoucement
more news to come over the next few months by the look of it

[ntv] 18/7/2017 08:44

hi all
started a new thread yesterday
never got around writing everything in but will do probably later in the week

[tilly99] 18/7/2017 08:41

The revenues from trubrand in years to come could hit 10s of millions with v good marginsThe market has no idea here This share will be over 5pds if trubrand reaches its full potential Our shares are so undervalued Wake up and smell the pound notes here

[tilly99] 18/7/2017 08:30

Why do you expect to see us beat expectations?

[horndean eagle] 18/7/2017 08:27

Glad to see progress being made behind the scenes. If they can bag some of these contracts the upside will be huge. SPSY hasn't really caught the imagination of the retail punter yet but I expect that will change following next set of results given both turnover and profits will be up very sharply. Im expecting the company to announce trading is ahead of forecasts as well. Given limited liquidity in shares I can see the shares up at £1 later this year.

[simso] 18/7/2017 08:17

WH Ireland have described this news as "Highly Significant" and a "major Milestone", and rightly make the point that it is significant that this process of gaining approval has been driven by a potential customer.

[rafieh] 18/7/2017 08:14

I stand corrected.....possibly today!

[someuwin] 18/7/2017 08:08

Very interesting news!

[rafieh] 18/7/2017 07:59

We will test the recent highs pretty soon, possibly this week.

[tilly99] 18/7/2017 07:33

Trubrand could add over 100p to our share price with contract wins sobi would say this is pretty significant

[sonofbanjosinger] 18/7/2017 07:25

I would say this pretty big for a small company?

[simso] 18/7/2017 07:23

Announcement this morning that TruBrand has received a regulatory approval in China for the use of its materials on cigarette packets, following an application by one of its potential customers. The seem confident this paves the way for other customers to apply and get the regulatory approval.

[ntv] 17/7/2017 11:54

Product
Authentication and Tracking

TruBrandTM


Enable your customers to verify product authenticity with a smart phone.

Embedded in printed and holographic labels, TruBrandTM presents a covert signature for analysis on the smart phone.

TruBrand authentication of labels for tobacco, spirits and other taxable items

Authentication coating easily applied during the manufacturing processes of holograms and printed tax stamps
TruBrand for footwear and apparel

Authentication coating easily applied during the manufacturing processes of product labels
Compatible with thermal application or sewing labels to products
TruBrand
Authenticates labels and holograms with a physical signature using a smart phone (iPhone & Android).
Determines if labels are real or suspect in seconds.
Label designed for all products.
Multicolor print, background and holograms
Robust chemically and physically
Flexible plastic, paper or fabric label surfaces
QR code capture supported for cloud-based track & trace software for a complete end-to-end solution.
Brand owner customizable app solutions with web-site queing.
High reliability in any environment.


Our customers
Our end customers include a G7
central bank organization and one of
the world’s largest commercial security
printers and papermakers, which
supplies the Company’s technology
to a second G7 central bank and
numerous other central banks.
Our solutions are used by:
– 19 central banks;
– commercial security printers and papermakers;
– Crane & Co.;
– national lotteries in six countries;
– suppliers of security threads for world currencies;
– Intralot SA;
– Scientific Games International inc.;
– GTECH S.p.A.;
– Governments of Turkey, India, Malaysia,
Norway and Mexico; and
– 16 states within the US, including Puerto Rico

The Company has made a significant and deliberate strategic
decision to aggressively grow its revenue and earnings through
the sale of secure materials beyond the covert central bank
products. This approach focuses on generating high margins
from our unique security materials, which include phosphors
and taggants for brand authentication. Taggant sales for brand
authentication using our TruBrandTM smartphone technology
will create new revenue streams for both materials as well
as for the Secure Transactions Group through cloud-based
server authentication, bringing a fully synergistic benefit
to the entire business.
Mirroring the shift towards secure materials beyond covert
technologies is an effort to further reduce and restructure
our staffing as well as our infrastructure needs. The shift
in emphasis will accelerate revenue growth, reduce costs,
and further increase and smooth out our earnings as we
go forward.
Prospects
The Company’s shorter-term prospects have increased with the
growth of the authentication business beyond covert materials
and hardware. In addition, while we are transitioning to a mode
of capitalizing on our already developed covert technologies
and customers, we have several significant opportunities
ahead for this side of the business going forward.
We are targeting six specific opportunities, three of which
are relatively near term and three of which are somewhat
longer term.
The important, near-term and significant opportunities are:
1) The continued sale of our specialty phosphor materials to
a security thread manufacturer providing product to what
we believe is a large Asian central bank.
2) The successful production-scale testing and consummation
of our TruBrandTM taggants by a large tobacco supplier in Asia,
leading to sales in late 2018.
3) Increased revenue for the Secure Transactions Group
from both online gaming and cloud-based authentication
services for our TruBrandTM customers.
The longer-term (two to four years) opportunities are:
4) The joint development and licensing of a polymer
banknote technology by a major printer of banknotes.
5) The development and supply of further upgraded
sensor capability to a G7 central bank in response
to a standardization requirement.
6) The sale of our smartphone technology TruNoteTM
for the authentication of banknotes.
We are pleased that we are able to supplement our
sustained and growing profitability with a number of
near-term and longer-term prospects of a significant scale.
We are particularly delighted that the authentication business
outside of banknotes is increasing ahead of expectations and
that it can provide a smoothing of our long-term banknote
business with its characteristically extended sales cycles and
delays. We believe that we have a number of transformative
opportunities ahead in several aspects of our business that
will drive near and long-term earnings growth for the
Company and its shareholders.
With the Company having reached sustainable profits
and having sufficient resources to execute on its growth
plans with its existing cash reserves, the Board is delighted
to start paying dividends. It intends to pay an inaugural
annual dividend of US$0.05 per share in June 2017 and
thereafter to pay the dividend in June after the audited
close of each fiscal year.
Nabil M. Lawandy
Chief Executive Officer
May 26, 2017



RNS Number : 6271T

Spectra Systems Corporation

16 October 2017

Spectra Systems Corporation ("Spectra")

Trading Update

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, today announces that it has been informed by its covert authentication technology licensee, that royalties based on finished printed notes will reach a record level in 2017. As a result, Spectra expects that its profits for the year ending 31 December 2017 will significantly exceed market expectations.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted to have received news from our licensee for covert materials supplied to 18 central banks that the royalty component of the agreement will as a result reach a record annual high in 2017. Typically the final royalty, determined by the number of printed notes containing our materials, is not available until year end. This year, we have visibility that it is already significantly above expectations for the full year. Based on our licensee's projections for material purchases, we expect the royalties to be somewhat higher than average next year although not necessarily at these record levels."

[ntv] 17/7/2017 10:39

trading statement i think was early september last year

[ntv] 17/7/2017 10:38

out of interest does anybody know who the g8 contract is for?
or how much it is for?
i suppose that stuff is all confidential
results due in september

[tilly99] 15/7/2017 13:04

I thought ISA are tax free?So you've been taxed at 30pct and got 15 pct back?If it's 15pct do we have to pay extra tax here?

[ntv] 15/7/2017 12:10

our dividends came through taxed at 15%

[junior21] 12/7/2017 17:45

My dividends finally credited on Monday: SIPP 0% tax, ISA 15% tax

[sonofbanjosinger] 09/7/2017 13:32

Foreign income Tax advice all taken from HMRC site:Once you have your money from the US account you need to add it in your Self-Assessment, section called "Foreign earnings", see The profit will be added to your base salary and treated as a dividend payment....and as high rate tax payer you will be expected to pay 32.5%..... but as you have already paid 15% (assuming you have actioned the process to cut the US non-domicile rate from 30%, see: you can offset this 15% against any other UK Dividend payments you have in that tax year....but only 15%...if you end up paying the US IRS 30% you lose!.. Only 15% can be reclaimed via the "Foreign Tax Credit Relief".All taken from "If your overseas income and gains have had foreign tax deducted it may be possible to obtain relief from double taxation. Foreign Tax Credit Relief is normally the best way to obtain such relief, but if you do not want to or cannot claim it, you can deduct the foreign tax when calculating the amount of income and gains chargeable to UK tax. You cannot do both."The HMRC Example is:John received interest of £1,000 on which foreign tax of £150 was deducted.If John's top rate of income TAX is chargeable to UK tax at 20% and he claims Foreign Tax Credit Relief, then his net liability will be (£200 minus £150) = £50.If he does not claim Foreign Tax Credit Relief but claims a deduction for the foreign tax, his liability will be (£1,000 minus £150) = £850 x 20% = £170.All information taken from So whatever people tell you.... yes you still have to account for this as foreign income and yes it will be added to your overall income and yes you may/will depending on your top tax rate have to pay tax to bring it in line with the rest of your dividends tax...... I feel there is an issue here, are people telling the HMRC in their foreign income returns about this income or is Mr. HMRC missing some tax money....hmmmmmmmmPlease note if your investments are held in a UK ISA/SIPP then there's no need to claim the foreign tax credit relief as you are shielded from paying the dividend tax.But beware that neither ISAs nor SIPPs protect you from foreign withholding tax. The IRS and other foreign countries don't care about UK tax shields, so you will have to pay the 30% or reduced 15% withholding tax.

[rafieh] 09/7/2017 12:55

Tilly,Thanks, I'm safely back in. I don't know about £10. I'd be happy to take £1.50.

[tilly99] 09/7/2017 12:23

RafieWell done but one risks missing on a monstrous rise here If trubrand takes off these could well be 10 poundsI certainly don't want to be out of this share at these crazy low valuations

[rafieh] 08/7/2017 21:59

Glad that I sold before Ex-Divi date at 66.5 and bought back later at 58.5. OK I missed the opportunity to sell at 71p, but at least don't have to worry about tax complications.

[harrogate] 07/7/2017 11:17

I think the tax taken off can be claimed back if you are a UK tax payer I am sure - depends on the tax rate you have of course - I am guessing this means if we have 30% taken off and it would be taxed at 32.5% in the UK then you can offset the full 30% - If you are a basic rate tax payer who pays tax at 7.5% on dividends then you have a penalty of 22.5% - Does any one here know if that is right

[harrogate] 07/7/2017 10:41

I am waiting for my main dividend but my SIPP has taken 30% off. Surely as most investors are IK they need to stop this dividend plan and do buybacks ?

[investoree] 07/7/2017 10:26

This is outrageous I am in an identical situation having a current W8-BEN form and still been charged the full American 30% witholding tax. I am getting more and more angry with American companies operating in the UK such as Amazon, Google, Microsoft, Apple, Starbucks etc who make huge profits in the UK but pay virtually no tax into our system. Something has to change!