Noting that Spectur is doing the rounds through some brokerage company at the moment. I haven't had a chance to take one of the calls but voicemail indicates there may some sort of cap raise on offer.
I’ve pondered this for a little while. Micro/nano cap companies and taking the approach of putting in $50k - $100k at a price less than 1x sales (or 1x profits even, lol why not) and curious if that would ever be a big enough stake to take a board seat and influence the company to head in a direction that could benefit shareholders.
That is assuming the skills, knowledge and patience to do so. It’s not all about money.
Kind of like coming in as microscopic private equity. Buying a chunk of the business then helping scale so I end up with a $2bil dividend like twiggy at FMG.
Spectur could be small enough.
Thoughts?
Out of interest, I was camping in Kakadu in the NT the other week and noticed a couple of Spectur units on remote roads. I think someone here had a knock on the aesthetics of the units. I can you that they look pretty much just like a small light pole. Quite discreet. I just noticed the sticker on the unit with the company logo on it otherwise I would’ve driven right past without noticing the thing at all. Maybe the close up photos on the website makes them look strange but in reality they’re quite nonchalant.
A recent video with the M.D made for interesting viewing. The business is based around a platform that provides customer specific security systems. Sp3 have decided on being less aggressive in acquiring new customers from all differing sectors and become more focused. Hardware sales did stop in March but have increased steadily since. Whereas SaaS part of the business just kept growing. Low customer churn, large moat and international expansion plans. I will keep watching with a tiny starting investment to boot. Morningstar have a fair value of 0.08c