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SPSY Spectra Systems Corporation

0.00 (0.0%)
30 Nov 2023 - 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
  0.00 0.0% 182.50 3,250 00:00:00
Bid Price Offer Price High Price Low Price Open Price
175.00 190.00 182.50 182.50 182.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service USD 19.63M USD 6.15M USD 0.1364 12.46 76.6M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:15:11 O 537 176.555 GBX

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Date Time Title Posts
15/11/202320:53*** Spectra ***6,103

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Spectra Systems (SPSY) Most Recent Trades

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Posted at 30/11/2023 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 182.50p.
Spectra Systems currently has 45,059,114 shares in issue. The market capitalisation of Spectra Systems is £76,600,494.
Spectra Systems has a price to earnings ratio (PE ratio) of 12.46.
This morning SPSY shares opened at 182.50p
Posted at 15/11/2023 19:47 by pj 1
''wobbles''?.....or just normal price action?
Posted at 15/11/2023 13:24 by death by donut
Come on SPSY , letting the side down today!!!DbD :-)
Posted at 09/11/2023 18:38 by pj 1
Many years ago there used to be a ''noise free'' chart, which for SPSY reflects a one and two year uptrend.

It is difficult to see that not continuing
Posted at 08/11/2023 06:58 by harrogate
I am sure that Herald shares have been picked up by our mysterious new investor, along with plenty of others. That has helped the share price hold up very well this year. The announcement about the large order for the large CB must mean we have a beat to come and with the reader deliveries finally kicking in at the end of 2024 I think we are in a great place for a run higher as long as the small cap market in general allows it
Posted at 07/11/2023 20:25 by pj 1
If an II was buying then surely they would have done a share transfer at an agreed price?

It seems to me Herald have just sold in to the open market

End of.

We do not know that they have finished though
Posted at 13/10/2023 06:49 by strollingmolby
Does anyone know much about SPSY subsidiary firm, SOLARIS BIOSCIENCES HOLDINGS LIMITED?

I've noticed it is late in filing its first year accounts to 31.12.2022. So is it doing anything or will it be wound-up, having received cash from SPSY?

Also, SPSY interim accounts to June 2023 included this note regarding ownership

3. Investment in affiliates and other entities

On December 10, 2020, the Company invested $702,000 in Solaris BioSciences ("Solaris") and increased its equity interest from 4.79% to 48.65% on an as converted basis. A noncontrolling interest is attributable to the 51.35% of Solaris not owned by the Company. Prior to the investment, the Chief Executive Officer of Spectra owned 84.54% of Solaris which declined to 46.01% after the transaction. As part of the transaction, the Company committed to provide $100,000 of services at cost to Solaris, of which $93,558 were provided during the six months ended June 30, 2021. In addition, the Company will provide nominal accounting support to Solaris and allow Solaris use of optical table space and facilities at Spectra. In accordance with Delaware law, the transaction was (a) unanimously approved by all three of Spectra's non-executive Directors and (b) specially approved by a majority-in-interest of the disinterested stockholders of Solaris. In addition, going forward Spectra's shares in Solaris will be voted as directed by Spectra's non-executive Directors. The Chief Executive Officer of Solaris is also the Chief Executive Officer of Spectra.

The Company has concluded that Solaris is a VIE and the Company is the primary beneficiary. The Company has consolidated the accounts of Solaris as of December 10, 2020. The aggregate carrying value of Solaris'' assets and liabilities after elimination of any intercompany transactions and balances in the consolidated balance sheets were as follows: ...simple balance sheet shows net assets of $109k.

So SPSY's ownership increased to 48.65% in December 2020, yet Companies House still shows Nabil Lawandy as >75% owner of Solaris.

I suspect/hope the update to Companies House hasn't been made, but can anyone shed light onto what this company does/was set-up to do?
Posted at 05/9/2023 20:19 by pj 1
The simple macd has crossed to the downside, indicating that sellers are outnumbering buyers, historically this indicates a 25% fall in the share price to recent lows from here, albeit over a good period of time.

Will history repeat itself?
Posted at 11/5/2023 21:24 by pj 1
Well to my mind if there are more buys then sells then the share price goes up. If there are more sells than buys then the share price goes down. I Have yet to be corrected on that point. I struggle to see that after 2 years the share price has hardly moved yet we supposedly have a monster buyer? If the shares the monster buyer squires come from thin air or I'd it feasible there is a large seller? I'm sorry you think I'm negative when in reality I am btt try ing realistic as to what is happening. I note from 3 years ago you we would be £5 plus now. The reality with your monster buyer is that we haven't moved for 2 years sng £5 is pie in the sky.
Posted at 13/9/2022 18:48 by vprt
Brucie5 (+Robsy2): Thank you very much, but I am not sure if this explanation will make you less confused...

Yesterday the SPSY market cap was said to be £62m when in reality it was ca £72m. The EV was therefore also ca £10m too high. EV-based valuation multiples are/were wrong due to this. I like to look at the "Value" view of my Stockopedia "Folio" and have sometimes found that EV/EBIT was stated as ca 9x when in reality it was ca 11x when I calculated it myself (of course mindful of the $/£ conversion and also of including both SPSY and SPSC shares in the share count). Try it for yourself.

It really irks me that I have made quite a few (top-up and slice) investment decisions whilst comparing Stockopedia's EV/EBIT multiples (or their inverse; the % earnings yield) across my portfolio, and that I am paying for a data service with (in case of SPSY) very inaccurate data which I thought I could trust.

The error is probably smaller today than yesterday because the SPSC and SPSY prices are closer to each other. (I have not done the calculation today). The error varies.

BTW, Stocko seem to use the (SPSY, rather than SPSC!) share price and EPS to calculate SPSY's PE ratio (rather than market cap and total net income), so the PE multiples seem not to be affected in the same way that EV-multiples are.

PS: Someone at Stockopedia is now - again - looking at this - as they did 6 months ago without solving it; I am not holding my breath...
Posted at 13/9/2022 10:44 by vprt
Only relevant for Stockopedia subscribers: Even Paul Scott has now used Stocko's inaccurate figures (£62m market cap, they say!) to make his judgment. I have highlighted Stockopedia's problem with SPSY (and SPSC) valuation metrics before, and yesterday I posted the below as a comment to the SCVR (and also sent a message to the Stockopedia team) - they have had many months to fix this with no action:

Yesterday 3:08 pm
Paul, please be aware that the Stockopedia numbers for SPSY are seriously messed up. (This bug is an old bugbear of mine which your colleagues never find time to prioritise). Check the market cap for a start (and EV) - just multiply the shares with the share price and see how accurate the Stockreport is.... (You may want to correct this error in your article, BTW). This error flows through to most valuation metrics (certainly the EV-based ones I like to use, possibly not PE to the same extent).

My hypothesis (from looking at this in the past) is that the error is caused by Stockopedia choosing to use the SPSC share price to "drive" metrics for both SPSY and SPSC. (SPSC last traded at 150p, and was stuck for months on 135p and very rarely trades, so a poor choice). Would you be brilliant if you could raise this...

So, warning to all: Do NOT trust the StockReport/Stockopedia metrics for SPSY!

I hold. Thanks for a good write-up and reader comments.

PS: Reporting my own post in case it helps the team think about / look at this again"
Spectra Systems share price data is direct from the London Stock Exchange

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