Spectra Systems Share Discussion Threads

[fozzie] 23/12/2014 17:35

Interesting, thanks for your thoughts Rainmaker.

[rainmaker] 23/12/2014 17:27

I'm sure that if we get news of a contract win for Aeris, their soiled bank note cleaning system then the share price will rise 50%+ from current levels since it will confirm the validity of the process and we can confidently expect further contract wins. IMHO The Mexico Central Bank refusal to adopt Aeris was a disappointment but not entirely unexpected due to the mix of polymer notes in testing.I'm very comfortable holding at current levels in a profitable, cash rich Company where you're paying just 4p a share for intellectual property which IMHO individually is worth many, many more times the share price.

AIMHO, DYOR

regards

[rainmaker] 23/12/2014 17:13

TIDMSPSY TIDMSPSC
RNS Number : 1726Z
Spectra Systems Corporation
09 December 2014
Spectra Systems Corporation
("The Company" or "Spectra")
Spectra Systems Receives Notice of Allowance from the United States Patent and Trademark Office
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand authentication technology, today announces that it has received a notice of allowance from the United States Patent and Trademark Office (USPTO) for its patents on the use of supercritical fluids for cleaning and decontaminating banknotes in circulation. The notice of allowance states that a United States patent will issue shortly, protecting the Company's technology in the USA. This key intellectual property protection covers the methods and processes Spectra Systems has developed over the past year and which is currently being tested with certain central banks. Additional related patents are pending relating to other uses of the system including the reversal of limpness and specific embodiments of equipment for using the technology called Aeris(TM) .
Commenting, Nabil Lawandy, CEO of Spectra Systems Corporation, said: "The notice of allowance and the subsequent issuance of patents in the USA is a milestone for the value and protection of our disruptive new technology which has the potential of both greatly lowering central bank costs as well as protecting staff from repatriated notes which can carry a number of contaminants and toxic materials. The notice of allowance for a Untied States patent gives us a strong indication that other countries will also issue us protection for our invention in the near future and insures that our technology will not be copied"
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: [phone]
WH Ireland Limited
Chris Fielding (Head of Corporate Finance) Tel: [phone]

[rainmaker] 23/12/2014 17:10

Hi PJ, the way I interpret this is a client of the spreadbetting firm Spreadex has taken a long position on behalf of a client which may result in them taking delivery of 5.31% of the Company's stock, from the notification-

An acquisition or disposal of qualifying financial YES
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached.

So I reckon someone believes that good news is imminent.IMHO the interesting thing is that the purchases were made the day before the news of the patent application was released to the market.

AIMHO, DYOR

regards

[rainmaker] 23/12/2014 17:03

Spectra Systems Corporation Holding(s) in Company
PrintAlert
TIDMSPSY TIDMSPSC
RNS Number : 6455A
Spectra Systems Corporation
23 December 2014

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------



1. Identity of the issuer or SPECTRA
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
--------------------------------------------------------- -------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights NO
---------------------------------------------------------- ------------------------------
An acquisition or disposal of qualifying financial YES
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
---------------------------------------------------------- ------------------------------
An acquisition or disposal of instruments with NO
similar economic effect to qualifying financial
instruments
---------------------------------------------------------- ------------------------------
An event changing the breakdown of voting rights NO
---------------------------------------------------------- ------------------------------
Other (please
specify):
-------------------------------------------------------- ------------------------------
3. Full name of person(s) VARIOUS DISCRETIONARY CLIENTS
subject to the - 5.31%
notification obligation:
(iii)
--------------------------------------------------------- -------------------------------
4. Full name of shareholder(s) SPREADEX LTD
(if different from 3.):(iv)
--------------------------------------------------------- -------------------------------
5. Date of the transaction 08/12/2014
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- -------------------------------
6. Date on which issuer 23/12/2014
notified:
--------------------------------------------------------- -------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 4%, 5%
--------------------------------------------------------- -------------------------------



8. Notified details:
---------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
---------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction

if possible
using
the ISIN
CODE
--------------- ------------------------------ --------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
--------------- -------------- -------------- ------------- -------------------- -------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
--------------- ------------ ------------ ------------- -------- ---------- -------- ---------



B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------- ----------------------------- ------------------- -------------------
SPREADBET/CFD 2,157,115 5.31%
----------------- ------------- ----------------------------- ------------------- -------------------

C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
---------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- ------------- ------------- -------------- -------------------- -------------------
Nominal Delta
---------------- ------------- ------------- -------------- -------------------- -------- ---------


Total (A+B+C)
---------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------ -------------------------------------------------------
2,157,115 5.31%
------------------------------------------------ -------------------------------------------------------



9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
----------------------------------------------------------------------------


Proxy Voting:
----------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- -------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- -------------


13. Additional information:
------------------------------------------------------------- -------------
14. Contact name: DAVID REES
------------------------------------------------------------- -------------
15. Contact telephone number: 01727 895195
------------------------------------------------------------- -------------

This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBLBDDDXDBGSX

Spectra (Unres) (LSE:SPSY)
Historical Stock Chart
1 Year : From Dec 2013 to Dec 2014
Spectra (Unres) (LSE:SPSY)
Intraday Stock Chart
Today : Tuesday 23 December

[pj 1] 23/12/2014 16:49

So have spreadex actually bought the shares >5% or have they gone long as they are a spread betting firm?

Unless they expect SPSY to win 2-1 off course :-//

[ramridge] 02/12/2014 14:40

Very low volume traded - around £5000 worth. Making the price bounce. I am not worried.

[chizgreen68] 02/12/2014 12:10

Down nearly 8% on no news, which seems odd. Anyone heard anything that might explain the drop? Thanks

[fugwit] 05/11/2014 15:44

I would be more concerned with the number of days it took them to get it out after the transaction occurred.....

[fft] 05/11/2014 02:44

PI's increasing stake via spreadbet with Spreadex.

Bit late for RNS to come out. 17:51 !!

[shanklin] 04/11/2014 15:20

Well this is a bit of a pain albeit RM will no doubt describe it as an opportunity to buy more.

[floatupstream] 24/10/2014 19:10

Hi folks, I've taken an initial position here. News flow should be good re: Aeris plus seems like a solid & growing revenue mix from the authentication business. The price action is soft this week .. but well supported at around 18p hence risk reward (quite/spectacularly : delete as appropriate) favourable.

[graham1ty] 21/10/2014 11:05

If it was about US regulations, why not just say so. The wording is so vague and gives no context of explanation. If the reason is so bland, why not say so ? Strikes me as really odd, evn if it has happened before

[rainmaker] 20/10/2014 16:33

Thx GHF

regards

[glasshalfull] 20/10/2014 14:57

Spectra made a similar announcement in 2012 regarding the AGM. Nothing to worry about & apparently due to US regulations.



WH Ireland reiterate their buy recommendation on SPSY & indicate that the Mexican news was the least likely to transmit to a contract per update below.


Spectra – Buy – trading in line with expectations
Market Cap £9.4m, Price 20.75p, Target price: 40p

Spectra has announced that it is trading in line with expectations. We are forecasting adj. PBT of $US1.3m for the current year to December 2014 and see this forecast as being well underpinned by a variety of business lines and developments.

The company has also announced that as on past occasions, the AGM will be held in the New Year (given US corporate regulations).

After the steep fall in the share price on Friday following the announcement about one of a number of Aeris banknote cleaning technology tests (and the least substantive due to it being limited to one attempt and one denomination in a country where the largest volume of circulating notes is polymer), we expect that this morning’s update will provide reassurance and thus we reiterate our Buy recommendation.


Regards,
GHF

[graham1ty] 20/10/2014 13:34

Anyone tell me what the RNS means ????? A quorum is presumably two ? Or maybe three as one Director might not be able to vote on his own reelection.....but need not be three Directors. Shareholders can propose and second resolutions ?

[someuwin] 20/10/2014 07:13

20 October 2014

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Postponed

Spectra (AIM: SPSY.L) has recently been made aware that it does not have enough shareholder votes to achieve a quorum at its scheduled Annual General Meeting on 20 October 2014. As such, the Company has postponed the meeting until the New Year.

The Company continues to trade in line with market expectations.

A further announcement concerning the Annual General Meeting will be made in due course.

[shanklin] 18/10/2014 08:43

Thank you fugwit

[fugwit] 17/10/2014 18:23

Shanklin,

Patent filing includes contaminants, dirt, sebum and pathogens:

Cannot find reference re polymer notes, WHI noted it in their comment this morning so I may have heard it from them.

[pj 1] 17/10/2014 16:07

Shanklin
Not on its own. There also needs to be a 'cleaning' process to remove residues.

I suspect that is the Problem. Its not rocket science in some aspects. Cleaning needs some sort of mechanical action i.e. scrubbing lol. (agitation)
Sizes of atoms if small reduce the action required, with + and - ions playing their part.

Imagine you have a wool carpet and cut yourself. It s very easy to reduce any bio hazard by using bleach for example. But the hard but is getting rid of the blood residues and possible staining. Wool as a natural fibre wants water so will soak it up, paper if from trees and also wants water, obviously any waterless solvent is reacting with the synthetic part of the Mexican notes (chemical reaction) is my guess.

I am no expert though!

[shanklin] 17/10/2014 15:54

Fugwit

Where did you see that Mexico notes were likely to be more problematic than notes in other currencies please?

P.S. I sold out first thing and have just bought back half of my position of this morning holding at below where I sold.

[shanklin] 17/10/2014 15:52

Please would you clarify whether the above comments make it reasonably likely (or not) that the SPSY system will successfully deal with "removal of toxic materials and biohazards"

Thank you.

P.S. I only mentioned ebola as an example and was not excited about it.

[pj 1] 17/10/2014 15:37

Ozone chambers achieve a 99.99% kill of airbourne bacteria, moulds and viruses, and are easily set up for production lines etc at little cost. Strangely they are currently being looked at for being installed into aircraft ventilation, pre-ebola scare.

I am not aware it can be used for body fluids though.

[stegrego] 17/10/2014 15:35

Just that it's a bit like asking a crash helmet manufacturer if it will protect from falling aircraft.
Ie it's incredibly unlikely but if it does happen you're f@#$%d anyway.

[fugwit] 17/10/2014 15:18

I don't see anyone getting excited about it, seemed a reasonable question to me.