SPSY in its announcement yesterday was able to upgrade the 2018 profit forecast from $3.4m to $4m and forecast revenues from a licensing transaction of $11.2 m for the next 5 years. How many companies are able to upgrade their profit forecasts on 15January. This is combined with a yield of 4.9%. The fair value price has been upgraded to 130p from 115p
SPSY's share price is up from 25p in April to 82p today. The company was runner up in the AIM Overseas Company of the year 2017 Awards because of the dramatically increased profitability, partly due to an acquisition in 2016 which produces materials with excellent net margins and secondly due to the expansion of activities away from the annuity type income derived from supplying covert materials for use in banknotes into protecting FCMG. The potential opportunity in the Chinese tobacco market and the recent entry into the coffee cup market in the USA could well revolutionise profitability in the next 3 years. SPSY is almost unique on AIM paying a dividend of USD$5c for last year and forecasting the same dividend for a further 2 years.
USA company which listed on AIM 6 years ago @ 75p... 5.13% spread.
I read it dropped to 17p during last year but now back above float price.
Pays a div .. W8-ben required to avoid higher tax.
WH Ireland interested broker had a conservative target of 60p.... 3rd April this year.
Over on LSE ... Thehierarchy put up a good link to Newspaper Cambridge news on 3rd April.
( maybe a connection to WH Ireland ..lol )
I see Marksman posted he bought it last week .. £ 500 !! he lost 14% he claims which would be £ 85 with his HL charge.
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