Spectra Systems Share Discussion Threads

[death by donut] 06/12/2023 10:20

Well you never know do you .Here I am sat on a cold building site reading a SPSY thread , then I'm reading about philately.DbD :-)

[nico115] 06/12/2023 08:04

Likewise but I think 2 wins will get us to that price level as it's a game changer .

[fozzie] 06/12/2023 07:47

It’s a good watch for sure, Nabil in very confident mood. This obviously a very strategic acquisition and one Nabil believes will be key to Spectra moving forward. I feel this is a time to be accumulating shares but no doubt the way this market has been there will be those wanting to lock in a profit.

[shanklin] 06/12/2023 07:43

Nico posted this on Twitter a few minutes ago. Very interesting!

[fozzie] 06/12/2023 06:59

Nabil says of Cartor “They’re amazing”. The fact that the management of Cartor built a successful business over decades and were happy to take part payment in Spectra stock speakers volumes. This is my biggest holding by far having held since 18p days and I added again yesterday.

[shanklin] 06/12/2023 05:56

Hi Nick,

If, as advertised by Nabil, Fusion has better security features than the two incumbents, I would like to think we end up at a lot more than 2 CBs….. …and a lot higher than 500p/600p.

Here’s hoping :-)

[nico115] 05/12/2023 23:52

This acquisition should propel Fusion.Two CB wins and 500pThis and Kino my 2 faves ...both could and should treble in price .

[shanklin] 05/12/2023 10:19

Could get a price on GAW but didn't try anything else

[death by donut] 05/12/2023 10:17

Think the pooters at the LSE are having a fit.DbD

[shanklin] 05/12/2023 10:10

Strange situation... currently cannot get an online quote to buy or sell 1k shares

[ntv] 05/12/2023 08:08

Maybe I should sue for copyright?

[ntv] 05/12/2023 07:55

Looks like Simon Thompson pinched my thread title for his latest article in Investors Chronicle on Spectra Systems. It is quite funny when I think about

[death by donut] 04/12/2023 15:50

Donut Sipp will be happy with a close over that 202p high !!DbD :-)

[death by donut] 04/12/2023 15:29

Just add my thanks to Harrogate and Pob too, thanks peeps .DbD :-)

[brucie5] 04/12/2023 15:02

Wow. This excellent company just reconfirmed its place as income + growth winner in the Bruciefolio.

[pj 1] 04/12/2023 13:38

Well nico despite our 'public' disagreements it looks as if your base line is correct there.

[cestnous] 04/12/2023 11:29

Well thought out and exercised. Great news

[fozzie] 04/12/2023 09:33

Looks a smart acquisition, well done Nabil and team.

[shanklin] 04/12/2023 09:20

Thank you Harrogate and pob69

SP reaction to date seems very modest

[pob69] 04/12/2023 08:58

WH Ireland comment "Today’s deal powers polymer banknotes and provides a big earnings lift"

"..provides the company with significant new firepower as it embarks on lucrative central bank currency bids"

"...With a maximum consideration payable of £10.5m (in part contingent on tender submission qualifications), plus £4.5m of low or zero coupon debt, Spectra is paying as little as 5.6x EV/EBITDA, based on 2-year historic averages, as against its 10x rating, for a well-invested business (c.£8m equipment valuation for equipment alone).

"...PBTA forecasts are lifted by 19% and 16% respectively in FY24E and FY25E. Conservatively, our new fair value assessment stands at 350p (was: 320p)."

[harrogate] 04/12/2023 08:50

PBT by 19% and EPS by 15% in fact

[shanklin] 04/12/2023 08:26

EPS by 19%?

[harrogate] 04/12/2023 08:25

Broker upgrades FY 24 by 19% so immediately earnings enhancing. Spsy is a different beast now though

[gnome3] 04/12/2023 07:40

Very interesting. I like the fact that they've spent the last 2 years working closely with the company they're acquiring. It should be a relatively seamless acquisition. It feels like Polymer substrate is the game changer for Spectra so if this brings it a step closer, it's good news.