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Looks like seller continues to sell despite bullish statement. How low is seller prepared continue to sell.
Got hit 10% no love for great stocks in this market
The SP performance is so underwhelming when the underlying results are very good.
Perhaps SP will catch up?
2 good RNS's explain the price rise.
Very good numbers this morning & a new customer in the mix too.
Under a lot of people’s radars, but I’m happy to hold.
Nicely up today on price but volume still small. Leaks of some progress going into the AGM perhaps.
There is also this investor event https://melloevents.com/mellomonday-21st-june/
Well no declaration on those big trades, so they were traded by a holder technically not already a large holder, or these trades did not affect their overall holding over a 3% threshold. No declaration of buyback either. The mysteries of Aim shares.
Well not sure if it is under the 3 per cent rule but they have to declare it under the share buyback program. They have couple of days to do so i believe under the rules. It would certainly be a sign if strong confidence that they are doing pretty well.
For a company with only 45 million shares in issue, just before ex-dividend, over a million shares sold in three trades is pretty significant. If this is part of the buyback scheme, then it's a big jump up from 100k chunks. Does this require a declaration though still under 3%..
02-Jun-21 13:51:52 158.00 300,000 Sell* 155.00 165.00 474.00k O
02-Jun-21 13:46:51 158.00 100,000 Sell* 155.00 165.00 158.00k O
02-Jun-21 16:49:48 158.6585 250,000 Sell* 155.00 165.00 396.65k O
Hi 13martyn13
I somehow timed it right with a second and my last buy before ex-div just before midday.
Looking good today.
Cheers for your answer, I read back through the same paragraph.
""In spite of the Covid-19 pandemic, the Company has delivered excellent performance during 2020. The Company's revenues have increased by 11% and PBTA is up 15% over 2019 driven by larger demand for our materials to meet increased banknote demands of one of our existing central bank customers as well as equipment sales to this same customer."
"Our two decade long relationship with a major world central bank continues to drive the introduction of more advanced products and an increasingly steady stream of hardware sales which could result in the combined development and manufacture of sensors worth over $50MM from 2019-2025."
"These highly stable revenues underpin our growth and enable us to continuously innovate with products that could lead to more explosive growth in the coming years."
"The Board therefore believes that the Company, by achieving key business milestones, will continue to perform well and has excellent prospects for maintaining strong earnings in 2021 and beyond."
"Finally, the Board of Directors will be extending the share buy-back authorization of up to 4,500,000 common shares through the end of March 2022, under the same terms as announced on April 10, 2019. A total of 846,000 common shares have already been purchased and retired under this authority."
Price has picked this afternoon, XD next Thursday 9.5c, but maybe a mention somewhere?
All very welcome though.
Hi Gavster, I think as far as their technology for cleaning millions of bank notes in 1-2 hours would’ve been pushed due to pandemic.
They do state in the last results :
"Our two decade long relationship with a major world central bank continues to drive the introduction of more advanced products and an increasingly steady stream of hardware sales which could result in the combined development and manufacture of sensors worth over $50MM from 2019-2025
"These highly stable revenues underpin our growth and enable us to continuously innovate with products that could lead to more explosive growth in the coming years."
I like to think with the patents they own and the industry they work in, SPSY have carved out a niche for themselves.
Five years of a final dividend and share buybacks going on in the background, can only help our share price.
Hi 13Martyn13
I've also bought about the same price.
As a new investor and out of interest do you or anyone else reading this see their success last year as being in anyway due to the pandemic or in spite of the pandemic ?
Taken advantage of the drift down in price and picked up another 5100 @ 159p.
XD on 3rd June too.
Not sure but you’ll need to fill out a W8Ben form to trade on Interactive Investor, helps with the dividend withholding tax, but have to fill the form out to trade.
Hi chaps...does anyone know whether this can be traded via BARX...they don't appear to have it listed?
Low in the channel, dividend in a few weeks, accounts look solid and progress is upwards.
Unless i'm missing something from initial research, this looks good for short term trade to ex-div then I'll decide whether to keep as an investment for a longer term, need to hold or top slice.
Cheers all and GL.
Does anyone know who the seller is - who is holding up SPSY? Cheers
via small company champion
https://twitter.com/LEMMINGINVESTOR/status/1374402355496591366
The Annual Results today make excellent reading. The prospects are huge and indicate that growth rates are going to accelerate substantially over the next few years. I have taken the opportunity to build on my stake.
Morning all, this looks like an interesting company I'm currently researching. Does anyone know why this listed in the UK not the US?
I really fancy SPSY as a long term holding position. Their balance sheet cash position and initiation of share buybacks are both really positive and promising signs for me and underline the strength and confidence of management in the business.
Moreover, the CEOs comments in September sounded very promising: “Spectra Systems is on track to deliver an excellent performance for the full 2020 financial year and expects to significantly exceed market expectations for 2020, in spite of the Covid-19 pandemic.”
Wondering what people’s price target are for this in the long term?
Also noticed the company issued its Q1 trading updates on:
- 4th Jan 2017
- 1st Feb 2018
- 18th March 2019
So any guesses on a date for this years update!?
should be worth 220 now but the seller has kept us at these lows.
Good evening spsy viewers . Great to see a positive move today and really pleased that spsy is pursuing a buyback programme. I have bought in 2020 for the long term and expecting 300% or more rise. Anyone care to give a view as to when we hit £3 - I think October this year.
Gla
NtD
This will do well today. Big China deal.