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SPSY Spectra Systems Corporation

222.00
-11.00 (-4.72%)
10 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spectra Systems Corporation LSE:SPSY London Ordinary Share COM SHS USD0.01 (UNRES)
  Price Change % Change Share Price Shares Traded Last Trade
  -11.00 -4.72% 222.00 73,961 15:55:05
Bid Price Offer Price High Price Low Price Open Price
220.00 224.00 233.00 222.00 233.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service USD 20.29M USD 6.05M USD 0.1253 19.95 112.43M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:45 O 2,000 220.00 GBX

Spectra Systems (SPSY) Latest News

Spectra Systems (SPSY) Discussions and Chat

Spectra Systems Forums and Chat

Date Time Title Posts
03/3/202510:27*** Spectra ***6,482
05/12/202308:08SPECTRA, A LICENCE TO PRINT MONEY ?178

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Spectra Systems (SPSY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:47220.002,0004,400.00O
16:24:44223.005,00011,150.00O
16:23:04222.002,2975,099.34O
15:06:51221.0032,00070,720.00O
14:50:50223.001,0002,230.00O

Spectra Systems (SPSY) Top Chat Posts

Top Posts
Posted at 10/3/2025 08:20 by Spectra Systems Daily Update
Spectra Systems Corporation is listed in the Computer Programming Service sector of the London Stock Exchange with ticker SPSY. The last closing price for Spectra Systems was 233p.
Spectra Systems currently has 48,252,976 shares in issue. The market capitalisation of Spectra Systems is £120,632,440.
Spectra Systems has a price to earnings ratio (PE ratio) of 19.95.
This morning SPSY shares opened at 233p
Posted at 21/2/2025 12:41 by leedsu36
Strong earnings growth profile
So, with interim results de-risking full-year earnings estimates, analyst David Johnson at joint brokerage Allenby Capital pencils in 41 per cent growth in Spectra’s pre-tax profit to $11.7mn on 124 per cent revenue of $45.5mn in 2024. On this basis, earnings per share (EPS) rise 30 per cent to 18.7¢ (14.9p), implying the shares are rated on a trailing price/earnings (PE) ratio of 14.4.

Furthermore, although Spectra had net borrowings of $0.3mn on 30 June 2024 due to the working capital build in relation to the July 2024 contract, the central bank subsequently made an initial cash down payment of $9.4mn which supports Allenby’s closing net cash estimate of $6mn. Net cash could more than double to $13.7mn by the 2025 financial year-end as Spectra is expected to more than double pre-tax profit and EPS to $25.3mn and 39.4¢ (31.3p), respectively, on revenue of $54.8mn. On this basis, the shares trade on a miserly forward PE ratio of 6.9. Prospective dividend yields of 4.5 per cent (2024) and 4.8 per cent (2026) add to the attraction.

Spectra shares have delivered a total return (TR) of 71 per cent since I suggested buying at 135p (‘Alpha Research: Don’t miss out on the authentication boom’, 22 August 2022), during which time the FTSE Aim All-Share TR index has shed 16 per cent of its value. However, the share price has dipped 13 per cent since the interim results (‘This stock's earnings upgrade cycle will keep turning’, 2 October 2024). The de-rating is wholly unwarranted and offers a repeat buying opportunity with 50 per cent upside to my target price of 325p. Please note that Spectra has two classes of shares, and the unrestricted ones (AIM:SPSY) are the most liquid. Buy.
Posted at 21/2/2025 12:40 by leedsu36
Banknote manufacturer could double earnings this year with a prospective dividend yield of 4.8 per cent.

Aim-traded technology company Spectra Systems (SPSY:215p) is forecast to report record annual results at the end of March and double earnings in 2025.

It’s not wishful thinking, nor is it being priced into the valuation of the £105mn market capitalisation company that makes its money from banknote authentication, brand protection technologies, security printing and gaming security software. That’s because Spectra was awarded a massive $39.6mn (£31.4mn) contract to manufacture advanced high-speed banknote sensors for a central bank in July 2024. The majority of revenue will be booked between 2025 and 2027, with a trailing manufacturing agreement worth $4.5mn per year thereafter likely to be secured in the current quarter, but the contract will still make a material contribution to last year’s result.

In addition, the acquisition of Wolverhampton-based Cartor Security Printers is working out well. Earlier this month, Castor announced a five-year contract (worth $3-4mn) to produce definitive postage stamps for a European Union postal stamp supplier. Castor’s technology incorporates 2-D barcode serialisation to significantly reduce losses from counterfeiting and the reuse of stamps. The acquisition of Cartor in December 2023 has also substantially advanced Spectra's position in polymer substrate for banknotes and strengthened its competitive position against incumbents De La Rue (DLAR), Crane NXT (US:CXT), and CCL Industries (CA:CCL). I understand that a second prospective Middle Eastern central bank has approached Spectra about its Fusion polymer banknote substrate. Potential polymer banknote substrate contract awards are not embedded into analysts forecasts, so offering scope for upgrades if they materialise, as seems likely.
Posted at 05/2/2025 20:24 by pj 1
Falling off the edge of a cliff. Chart wise I wouldnt be surprised if we see 170p.

Im not sure Nabil is the CEO we really need.

News flow has been declining year by year....and any tranfoemational news hasnt really landed depsite SPSY inferring it would for over 8 years now.
Posted at 05/2/2025 15:55 by fft
Definitely out of favour at the moment. Lowest price for over a year. Didn't think I would see this price again. Wish I hadn't bought more in the middle of 2024 !!
Posted at 27/1/2025 12:04 by dicktrade
FWIW
I would say there has definitely been a seller of SPSY selling into any strength for a few weeks.The price action would confirm this, today's drop then slight rebound on big volume might just have seen the seller cleared.
Lets hope so.
Posted at 15/10/2024 06:19 by boonkoh
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...
Posted at 01/10/2024 09:20 by philly cheesesteak
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.
Posted at 01/10/2024 08:54 by pj 1
I agree although my 'review' target is a little lower at 320p.

Maybe if Spectra had a long pole that usually hits mud, sand or water 1000's of feet down below ground, or some wonder drug that will cure all ills but takes decades to never quite get there, then the share price would be higher.
Posted at 26/9/2024 09:04 by brucie5
380025 Sep '24 - 20:48 - 6375 of 637
----------------------------------------
380025 - I'm a very unsophisticated investor, so for this kind of info I'm generally happy to rely on Stocko, on the understanding that their data can be off by a point or two. In particular their given dividends are never to be relied upon and I - along with many others i suspect- have pointed this out, to no avail.
I hold SPSY in a 3rd party trust account on behalf of a life time beneficiary dependent on the income, which holds the specific challenge of growing the folio while paying out all the dividends with additional non-discretionary management charges on top. In addition trusts are only allowed 50% of standard CGT, which itself has been reducing each year by 50%, so it is difficult to trade up to achieve growth. So I need to find on the one hand shares that supply high dividends and on the other, shares that - while being cash generative and shareholder friendly -simply grow over time and can be left largely alone; SPSY belongs to the latter category along with PLUS, IGG, and a few others like SSE, which I chose to recycle when it slashed its own dividend.
Not seeking to bore you but merely to explain the relative attractions of a business like SPSY; so long as it remains on course to grow while paying dividends, I'm not fussy. Needless to say, in this situation, dealing costs are something I need to avoid as that just creates another drain on capital.
In conclusion, I'm a fan of SPSY, though I don't actually hold it on my own account at the moment. but that's another story.
;)
Posted at 31/3/2024 08:46 by harrogate
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
Spectra Systems share price data is direct from the London Stock Exchange

Spectra Systems Frequently Asked Questions (FAQ)

What is the current Spectra Systems share price?
The current share price of Spectra Systems is 222.00p
How many Spectra Systems shares are in issue?
Spectra Systems has 48,252,976 shares in issue
What is the market cap of Spectra Systems?
The market capitalisation of Spectra Systems is GBP 112.43M
What is the 1 year trading range for Spectra Systems share price?
Spectra Systems has traded in the range of 206.00p to 275.00p during the past year
What is the PE ratio of Spectra Systems?
The price to earnings ratio of Spectra Systems is 19.95
What is the cash to sales ratio of Spectra Systems?
The cash to sales ratio of Spectra Systems is 5.95
What is the reporting currency for Spectra Systems?
Spectra Systems reports financial results in USD
What is the latest annual turnover for Spectra Systems?
The latest annual turnover of Spectra Systems is USD 20.29M
What is the latest annual profit for Spectra Systems?
The latest annual profit of Spectra Systems is USD 6.05M
What is the registered address of Spectra Systems?
The registered address for Spectra Systems is 251 LITTLE FALLS DRIVE, WILMINGTON, DELAWARE, 19808
What is the Spectra Systems website address?
The website address for Spectra Systems is www.spsy.com
Which industry sector does Spectra Systems operate in?
Spectra Systems operates in the COMPUTER PROGRAMMING SERVICE sector

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