Spectra Systems Corporation (SPSY)

Sector:

Support

Index:

FTSE AIM All-Share

217.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 233.00
  • 52 Week Low: 162.50
  • Currency: UK Pounds
  • Shares Issued: 46.97m
  • Volume: 9,288
  • Market Cap: £101.92m

Spectra Systems amends central bank contract upwards

By Josh White

Date: Monday 03 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Banknote authentication and security technology company Spectra Systems has executed an amendment to a materials procurement contract with a "long-standing" unnamed central bank customer.
The AIM-traded firm said the amendment would increase the price of specified materials supplied by around 21% from the current price.

It said the price increase would begin with the next order, and reflected its "proactive efforts" to mitigate supply chain issues for the customer by bringing more processing in-house.

The price increase portion under the amended contract also had a built-in annual price escalator of around 3%.

In the year ended 31 December, Spectra said it generated revenue of about $5.9m from sales of the specified materials under the earlier procurement contract

In addition, the company said it would receive a $1.3m one-time payment for its development effort to be able to provide the capability.

"We are delighted to have been able to ensure the supply of critical materials for our central bank customer," said chief executive officer Dr Nabil Lawandy.

"We identified the potential supply chain problem well in advance of any ramifications to the program and initiated an internal development and capability which our customer greatly appreciated.

"In so doing, we have not only reduced risk for our customer, but also significantly increased our revenues and earnings related to our consumables business with this central bank."

At 0803 BST, shares in Spectra Systems Corporation were up 11.11% at 150p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SPSY Market Data

Currency UK Pounds
Share Price 217.00p
Change Today 6.00p
% Change 2.84 %
52 Week High 233.00
52 Week Low 162.50
Volume 9,288
Shares Issued 46.97m
Market Cap £101.92m

SPSY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.89% below the market average87.89% below the market average87.89% below the market average87.89% below the market average87.89% below the market average
79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average79.31% below the sector average
Price Trend
89.99% above the market average89.99% above the market average89.99% above the market average89.99% above the market average89.99% above the market average
82.52% above the sector average82.52% above the sector average82.52% above the sector average82.52% above the sector average82.52% above the sector average
Income
18.49% above the market average18.49% above the market average18.49% above the market average18.49% above the market average18.49% above the market average
32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average32.20% above the sector average
Growth
2.7% below the market average2.7% below the market average2.7% below the market average2.7% below the market average2.7% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average

SPSY Dividends

  Latest Previous
  Final Final
Ex-Div 01-Jun-23 01-Jun-22
Paid 23-Jun-23 24-Jun-22
Amount 11.50¢ 11.00¢

Trades for 01-Mar-2024

Time Volume / Share Price
17:10 3,000 @ 217.00p
16:24 1,000 @ 216.00p
13:57 445 @ 220.90p
09:56 330 @ 221.75p
09:31 1,000 @ 216.00p

SPSY Key Personnel

CEO Nabil Lawandy

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