Spectra Systems Share Discussion Threads

[sonofbanjosinger] 12/1/2019 13:54

He did do that last week ...he had 300k free and gave 200k back

[nico115] 12/1/2019 12:06

So why didn't he do that last week?Makes me think he will sell them Let's see,so hope I'm wrong as would love to see him increase his stake

[sonofbanjosinger] 12/1/2019 11:54

Ok so 1 million so gets he 600k gives the other 400k back ...he does not have to buy them ..they are free

[sonofbanjosinger] 12/1/2019 05:12

So assuming Nabil has 1.5 million options left at around 60c, under the net cashless exercise he takes up 900k for free and gives the 600k back. His shareholding increases to 3.1 million or 6.7%. Now lets us assume the cash on the books rises to $14 million for year end and he decides to go back to his orginal decision of distributing all cash over $5 million. That would leave 19.5c per in possible dividend payments so he could easily pay a 10c dividend with 9c special dividend in the second half and also carry on with his 20% increase in dividend on a yearly basis. Nabil would personally net 605k if he did this more than doubling his salary.

[sonofbanjosinger] 12/1/2019 00:18

And if he kept to his orginal policy of only keep 5 million back on the balance sheet and the rest paid in dividends ...then there is a healthy 9 million excess..his 5% of that would be 450k.

[sonofbanjosinger] 12/1/2019 00:10

And if you think about it makes perfect sense...he knew the cash was not required for operations last year...but why not wait until all the options are sorted and then announce a large hike in the dividend, so he gets more of the pie.

[sonofbanjosinger] 12/1/2019 00:00

I suppose unless he has somebody to sell to ..he would flood the market..as said he can have free shares without the need of using his of his own cash....makes no difference if he has 1.5million at 60c or 1 million for free. Also it means he has a good reason to increase the dividend or even announcement a special dividend with all that lovely cash on the balance sheet.

[nico115] 11/1/2019 19:35

Why not just sell them straight away and take some profit ?

[harrogate] 11/1/2019 18:43

I haven't looked at dates like you but as they are all on the money it would be strange if he let them lapse especially given he can do it on the net basis and keep his hand in his pocket!

[nico115] 11/1/2019 18:33

Ok thx Do you agree that we will have to get more news next week then on the other options ?

[harrogate] 11/1/2019 18:26

I am not saying he won't sell but the option expiry means only that he has to pay the option price and buy the shares by that date. It is then up to him if he sells and when as always

[sonofbanjosinger] 11/1/2019 17:31

Thanks ..l understand now.

[harrogate] 11/1/2019 17:12

He doesn't need to sell but to exercise the options by that date and buy them but as we have seen if he does it on a net basis there is no money to pay but he gets less shares.

[sonofbanjosinger] 11/1/2019 17:02

Maybe if he needs to sell ..he has lined somebody up.

[nico115] 11/1/2019 08:37

Fair enough I'm just looking at the ones that expire next week.Some will have to be sold then

[harrogate] 11/1/2019 08:35

I would read the last annual accounts rather than the admission document for a full detail of the current options as many were granted after admission

[nico115] 11/1/2019 08:32

Son of a You need to read the admission document Date of expiry,amount of options,price of options all in there

[nico115] 11/1/2019 08:17

It's in the RNS60 cents

[sonofbanjosinger] 11/1/2019 08:07

What was the option price?

[nico115] 11/1/2019 08:03

Yes He must have more as admission document says 1.5m in total expire next week

[sonofbanjosinger] 11/1/2019 07:52

I am not sure ...but is holding has only increased by 300k. Are these options ready to expire?

[nico115] 11/1/2019 07:48

Think the surrender allows him to take up stock without paying for it

[nico115] 11/1/2019 07:43

Remind me what it means to surrender 200k to the net cashless ? Also looking at the admission document there are many more options issued ,what's happened to those ?

[sonofbanjosinger] 11/1/2019 07:25

Hopefully Nabil will give a big rise in the dividend this year.... now he has increased his share holding 10 cents would give him an extra 220k in his pocket.

[sonofbanjosinger] 11/1/2019 04:22

Great Call??