Spectra Systems Corporation (SPSY)

Sector:

Support

Index:

FTSE AIM All-Share

 224.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 233.00
  • 52 Week Low: 162.50
  • Currency: UK Pounds
  • Shares Issued: 46.97m
  • Volume: 9,576
  • Market Cap: £105.20m

Spectra Systems acquires security printing business

By Iain Gilbert

Date: Monday 04 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Security technology firm Spectra Systems said on Monday that it has entered into a conditional agreement to acquire security printing business Cartor for as much as £10.5m.
Once completed and Cartor has been integrated into the group, Spectra expects the acquisition to consolidate the supply of its Fusion polymer substrate within the enlarged group, increase margins on polymer substrates, and open new sales opportunities, while also increasing combined earnings, product development capabilities, and visibility.

The AIM-listed group will pay £5.5m for the group on completion, with up to £3.0m to be satisfied through the issue of new shares, while a potential further sum of £2.0m may become payable no later than 18 months after completion, through the issue of further shares, in the event that Spectra has qualified its Fusion polymer substrate for tender submissions with a central bank customer.

Chief executive Dr Nabil Lawandy said: "The Spectra board of directors and I are delighted to announce the acquisition of Cartor to solidify our position in the polymer substrate market and expand our business through new sales channels. Our experience in working with the Cartor team for two years has been exceptional and I have great confidence in the leadership of the group,"

"Given Spectra's strong cash position as well as cash generation, the board is confident that we will continue to issue our dividends and meet our customers' financial obligations following completion."

As of 1410 GMT, Spectra shares were up 12.94% at 199.90p.









Reporting by Iain Gilbert at Sharecast.com

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SPSY Market Data

Currency UK Pounds
Share Price 224.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 233.00
52 Week Low 162.50
Volume 9,576
Shares Issued 46.97m
Market Cap £105.20m

SPSY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.42% below the market average88.42% below the market average88.42% below the market average88.42% below the market average88.42% 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
91.14% above the market average91.14% above the market average91.14% above the market average91.14% above the market average91.14% above the market average
78.64% above the sector average78.64% above the sector average78.64% above the sector average78.64% above the sector average78.64% above the sector average
Income
16.93% above the market average16.93% above the market average16.93% above the market average16.93% above the market average16.93% above the market average
25.42% above the sector average25.42% above the sector average25.42% above the sector average25.42% above the sector average25.42% above the sector average
Growth
5.63% below the market average5.63% below the market average5.63% below the market average5.63% below the market average5.63% 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 23-Feb-2024

Time Volume / Share Price
15:59 1,140 @ 221.06p
14:46 176 @ 224.00p
14:39 333 @ 224.00p
13:06 1,082 @ 225.49p
12:42 5,000 @ 224.00p

SPSY Key Personnel

CEO Nabil Lawandy

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