Spectra Systems Share Discussion Threads

[freddie ferret] 20/3/2018 16:41

The doubling of eps on only a 9% increase in revenue is very good.
We also need to see revenue rise next time.
I think as far as revenue is concerned the market had expected more, hence the cautious market response to the results.

[glaws2] 20/3/2018 15:57

Most of it was in even in the Exec summary. I was surprised by the reaction from the posters who are astute investors.

[bones] 20/3/2018 15:42

PJ1, interesting exchange but what are they on? All of the data they seek is laid out clearly in the accounts in the RNS! Do they not read beyond the executive summary?2017 PBT was $3.09m (no tax just a small credit). 2016 PBT was $1.14m (no tax)It's all there including cash flow report which shows healthy accumulations even after a dividend.

[pj 1] 20/3/2018 15:28

For info.....


Aston Girl
‏@reb40
Mar 19

More
#SPSY FY read very well, EPS +100%, EBITDA +83% (although grrrr at them for using it), net cash, dividend +20%, outlook “excellent prospects for ongoing earnings growth in 2018."
I hold
2 replies
3 retweets
16 likes




Imran Khan
‏@immikhan
9h
9 hours ago


More
What specifically is the complaint against EBITDA and what is your preference instead?



Aston Girl
‏


@reb40
9h
9 hours ago


More
EBITDA excludes tax, depreciation and amaortization and yet the company has to pay them so they should be included. I prefer profit pre tax, EPS & in a perfect world ROCE & ROE (but that it getting fussy for a TU I know)
2 replies
0 retweets
3 likes



Aston Girl
‏


@reb40
9h
9 hours ago


More
EBITDA is better suited to large companies with significant assets (as they require depreciation) or those with lots of debt financing (!) & thus not smaller companies.
1 reply
0 retweets
6 likes



Small Cap
‏
@martinthebrave
8h
8 hours ago


More
EBITDA is used by too many companies to shield poor practice - particularly using amortisation of costs to inflate profit. Depreciation can gobble up most EBITDA. I am a fan of FCF which is the true test of a quality company IMO.
2 replies
0 retweets
9 likes

Reply
2
Retweet

Like
9
Direct message

Jonathan Curry
‏


@jpsc01
Following
Following @jpsc01

More
Replying to @martinthebrave @reb40 @immikhan
SPSY uses not just EBITDA, but "adjusted EBITDA". So not just the misleading numbers, but the misleading, misleading numbers. LOL. Results looked good, but way behind the valuation the co already has. Also dont like co's that can't even stop at EBITDA but need to adjust.

[sonofbanjosinger] 20/3/2018 15:21

Like some of you including Tilly l am very over weight here although I can't think on what parameters we are fully valued. Or am l missing something?

[pj 1] 20/3/2018 15:17

Bones, possibly. I have not sold any but I have to admit it is much harder holding a fast rising multi-bagger than a slow but steady riser.

[bones] 20/3/2018 15:11

PJ1, are these the same thinkers that would have sold Amazon at a 10th of current price on basis of their low profits?

[bones] 20/3/2018 15:09

Like fozzie, I am "overweight" SPSY or I would have looked to add at 100p today.Tilly, et al, any despatches from the home front?CheersBones

[pj 1] 20/3/2018 15:07

Some negative comments on Twitter ref use of EBITDA, and adjusted EBITDA, and claims the Company is fully valued (I assume on Historic). Maybe that is who is selling/ profit taking

[sonofbanjosinger] 20/3/2018 15:00

Higher highs and higher lows ...so all good.

[speedsgh] 20/3/2018 15:00

Better out than in, fozz. Purely in a moaning sense, that is ;o)

[fozzie] 20/3/2018 14:14

To be honest i am overweight here and buying more would not be prudent. Mildly cheesed off at the continual selling and markdowns over the last year. Is it 5 ahead statements and yet we keep seeing these slides 110 to 78 in September 123 to 98 last week. Patience is key and as i say i am fully in here but doesn't stop me having a moan ;o)

Feel better now.

[speedsgh] 20/3/2018 13:11

primarch1 - Some people are obviously unwillng to wait around for future gains. I would suggest taking advantage of such impatience. Aimho

[primarch1] 20/3/2018 11:57

Once again bemused at the market fantastic set of results future looks extremely positive and the share price gets marked down sigh

[lord gnome] 19/3/2018 17:40

Yes please, Davidosh. That would indeed be excellent if you could get them to come.

[davidosh] 19/3/2018 17:02

I will try to get them to come and present at the event

[glaws2] 19/3/2018 16:55

I bought today. What's the event tomorrow that is being referred to ?

[tilly99] 19/3/2018 16:53

Well done davidoshAre you going tomorrow ?Got a question about Bod of another company that you may have an opinion on

[davidosh] 19/3/2018 16:45

I bought stock today at £1.05.

I am not so sure they will buy back stock as I think strong financials and cash in the bank were often seen as crucial to win orders from financial houses and governments.

[freddie ferret] 19/3/2018 16:45

EPS doubled, just what the doctor ordered.
They will need to grow revenue for next time as well as the conversion of revenue to earnings.
Revenue was up this time but not by much. (9%).
Still a good job well done.

[sonofbanjosinger] 19/3/2018 16:39

A bit disappointing today ...but still a gem of a share.

[tilly99] 19/3/2018 16:37

400k of stock traded today Anyone dealt?

[tilly99] 19/3/2018 15:44

Agreed me lord but it should come before any divi increases and if we bought back 3m bucks of stock it would still leave 9m which leaves more than enough for a decent sized acquisition of Upto 5m bucks

[lord gnome] 19/3/2018 15:37

A buy back only makes sense if the company has no other plans for the surplus capital. Somehow I doubt it and I would be disappointed if a small company like this did not have ambitious growth plans.

[simso] 19/3/2018 15:28

fft I agree it makes consummate sense for Nabil to buy back shares. I will press him on the point tomorrow, reiterate the advantages...given the relatively lowly rating of future prospects, a seeming overhang, a large cash balance, tax efficiency vs dividend. I hope if others who are coming to the meeting tomorrow and agree, they will back me up.