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
  0.00 0.0% 134.00 30,573 08:00:00
Bid Price Offer Price High Price Low Price Open Price
128.00 140.00 134.00 134.00 134.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 12.27 4.39 8.13 14.8 59
Last Trade Time Trade Type Trade Size Trade Price Currency
13:13:46 O 10,225 129.00 GBX

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Date Time Title Posts
28/6/202209:20*** Spectra ***5,633

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Spectra Systems Daily Update: Spectra Systems Corporation is listed in the Support Services sector of the London Stock Exchange with ticker SPSY. The last closing price for Spectra Systems was 134p.
Spectra Systems Corporation has a 4 week average price of 132.50p and a 12 week average price of 132.50p.
The 1 year high share price is 169p while the 1 year low share price is currently 127.50p.
There are currently 44,345,847 shares in issue and the average daily traded volume is 125,179 shares. The market capitalisation of Spectra Systems Corporation is £59,423,434.98.
robsy2: Controlled share buy backs by those closest to the company are a good way of putting a floor under the share price and a way of signalling to the market that there is value in the shares.
harrogate: I think the 200k buyback to help clear out a seller at this price is good business for Spectra. Although I don't expect a move in the share price on the back of it.
investoree: The RNS below explains one of the 200,000 sells shown yesterday, which was conducted at a much more sensible price than the earlier market purchase conducted many months ago at around £1.73. I wonder if we will see another RNS for the other 200,000 SPSY shares? Pity I couldn't have bought some at £1.30 per share instead of buying at a substantially higher level. The board of Spectra announces that on 27 June 2022 WH Ireland Limited purchased for cancellation 200,000 of Spectra's common shares (unrestricted line with ISIN US84756T1060) at a price of 130 pence per share. This purchase was made in accordance with the Company's Byelaws and with a board authority dated 8 April 2019 for up to 4,500,000 of the Company's shares to be bought back. A total of 1,346,000 common shares have been purchased and cancelled under this authority. The Company advises that, following this purchase and cancellation, the Company's issued share capital now comprises 45,294,677 common shares as follows: -- 1,148,830 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and -- 44,145,847 shares in the unrestricted line ISIN number US84756T1060 (AIM:SPSY). Spectra Systems has no Shares in treasury, therefore 45,294,677 may be used by shareholders, from Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. Hopefully this bodes well for the future, although I wonder if the seller knows something that we don't which prompted what looks to me a bit like a fire sale. IE
harrogate: The problem with the 2025 ( and 2026) when it comes through is that the increase is all around a one off reader contract that then falls away. It is massive and fantastic but if that uplift in EPS was permanent we would be much higher already. We are relying on a breakthrough in substrate to fill that coming gap. If we get traction in substrate this share price will be long gone .... But if we don't ? Hence the current drift
fozzie: I have about 35% of my portfolio here so when SPSY falls it really hurts. The dividend will be very nice but does not make up for the 5p falls. I am hoping Nabil can pull something out of the bag for us in the next few months or I fear we will just keep slipping away share price wise.
harrogate: Ok. My system says ex dividend 1st June. I am not sure why you want buybacks ? Have we any evidence that they helped the share price before. What we need is contract news. Very little is happening it seems this year and until it does the share price will be range bound buybacks or no buybacks
fozzie: Very surprised there have been no more buy backs at these prices. Dividend is very welcome indeed at over 6% but would like to see some northwards movement in share price. Been on a steady downwards path for the last almost two years, something needs to change.
km18: ...from last year... Spectra Systems Corporation published a solid set of interims for H1 21 which indicate that ongoing solid top line revenue growth is feeding through into even more robust EPS growth. After 12 months of share price consolidation valuation is pretty decent, forward PE ratio at around 20. The balance sheet is strong, plenty of cash, no debt. Distributions are already healthy, the company has also been buying back its own shares to return cash to shareholders. There also looks to be scope for earnings beats in the year ahead. Buy at current spot 165p and hold for a couple of years up to 300p area as upward trend resumes and extends. SPSY provides technology based security solutions. The company is a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software. The company today published a solid set of interim results for H1 2021.... ...from WealthOracleAM
pj 1: Things aren't adding up here currently pauliewonder. As you refer the last buy back was in May 2021, and we must be a year on from when the CEO confidently assured us the Company should be valued at 240p (if I recall correctly?) We are now below the price when he ''assured'' us. As a fellow investor said to me last week, it looks as if the CEO isn't prepared to ''put his money where his mouth is''. Yet anyway. Maybe he thinks the share price has further to fall is another subliminal message being interpreted by the Market perhaps? Add on the fact that buybacks rarely have the desired effect of rising the share price. Maybe he realises it was an error? If it wasn't for the dividend and cash I would only now be holding a small position here until the news flow improves towards the numerous hints he has given over the years.
vprt: Relevant for Stockopedia users only - update to my post 5440 on 8 December: I complained again a few days ago about the SPSY data (e.g. EV, EY% and EV/EBIT multiple) still being wrong, and a new dialogue with Stocko today had two outcomes: (1) Stocko say they are not going to do anything about this error for months as they are busy with platform changes. Not great... But at least they responded. (2) I now suspect that the underlying problem MIGHT be as simple as the SPSY valuation and stats running off the SPSC share price (which trades only once in a blue moon - only one trade so far in 2022 - and with the price way off and static for weeks - now showing 135p. This - if it indeed is the real, underlying reason - could explain undervaluation and the numbers appearing to be completely "frozen". The total share count is the sum of SPSC and SPSY, which I believe is correct, but Stocko's market cap and EV appear to be using the SPSC share price - which is obviously the wrong choice among those two when it hardly ever trades. Feel free to mention this issue if you are in touch with Stocko - including my latest thought on what might be causing the problems... (The person I communicated with did not know if this was a small or a big thing for them to fix). In the meantime, do NOT trust Stocko's data on SPSY.
Spectra Systems share price data is direct from the London Stock Exchange
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