The Business

The 25th of July 2011 saw the admission of Spectra Systems Corporation to AIM, along with a £12.8 million placing. Shares in the firm, which develops and markets advanced technology-based security solutions used primarily to authenticate and process banknotes, have since risen to 100p to capitalise the company at £21 million.

Founded in 1996 by its Chief Executive, Dr Nabil Lawandy, the company is focused on commercialising its technologically advanced security solutions, both covert and public, for banknotes and other documents. As well as providing engineered consumable materials for authentication and processing purposes, the firm develops and manufactures hardware and software systems to verify the presence of the authentication and processing materials.

Through its strategic supply and licensing agreements with governmental, institutional and corporate partners, Spectra has achieved significant penetration of the currency and documentation markets. Its major customers include: a G8 central bank organisation; one of the world's largest commercial security printers and papermakers, which supplies the company's technology to a second G8 central bank and 13 other central banks; Crane & Co., the exclusive manufacturer and supplier of US currency and passport paper; and Technical Graphics Incorporated, which is a major supplier of security threads for world currencies.

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Why to buy the stock @ 30p?

Buying is back on the stock today so the secong leg on the bounce is on with the next step for a Break out,
Well undervalued after the latest large order for $10M just 2 weeks ago. Has cash of $16.1M, around under the market cap, so the business are in for nothing.
Directors were buyin last December @ 40p. Brokers target price 53p

BREAKOUT is on just now

on moving over 31p latest intraday high last week, is now a BREAKOUT, should be looking for 40p now