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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Srt Marine Systems Plc | LSE:SRT | London | Ordinary Share | GB00B0M8KM36 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 0.00 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 29.00 | 30.00 | 29.50 | 29.50 | 29.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Services, Nec | 30.51M | 69k | 0.0004 | 737.50 | 56.78M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 29.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/3/2024 | 10:58 | ALNC |  SRT Marine keeps revenue outlook stable amid wait for new contracts |
| 08/3/2024 | 07:00 | UK RNS | SRT Marine Systems PLC Change of Year End and Business Update |
| 16/1/2024 | 16:37 | UKREG | SRT Marine Systems PLC Holding(s) in Company |
| 16/1/2024 | 11:00 | UKREG | SRT Marine Systems PLC Holding(s) in Company |
| 15/1/2024 | 11:41 | UKREG | SRT Marine Systems PLC Result of General Meeting and Total Voting Rights |
| 12/1/2024 | 13:01 | UKREG | SRT Marine Systems PLC Live Webcast 8:00am Thursday 18th January 2024 |
| 29/12/2023 | 07:00 | UKREG | SRT Marine Systems PLC Holding(s) in Company |
| 28/12/2023 | 13:41 | UKREG | SRT Marine Systems PLC Holding(s) in Company |
| 28/12/2023 | 13:33 | ALNC | SRT Marine Systems raises further GBP500,000 through retail offer |
| 28/12/2023 | 13:00 | UKREG | SRT Marine Systems PLC Result of Retail Offer |
Srt Marine Systems (SRT) Share Charts1 Year Srt Marine Systems Chart |
|
1 Month Srt Marine Systems Chart |
Intraday Srt Marine Systems Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2024 | 17:46 | SRT Revenues-Future Opportunities & Drivers (SRT) | 14,222 |
| 10/7/2020 | 09:17 | Software Radio Technology-global AIS growth company | 9,355 |
| 17/3/2017 | 14:28 | dickie3times | 6 |
| 13/8/2016 | 13:28 | Software Radio Technology | 6,306 |
| 14/12/2015 | 20:37 | Listener tip of the week is an award winning tech small cap with, "50% upside" | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-15 14:53:28 | 29.45 | 67 | 19.73 | O |
| 2024-04-15 14:40:54 | 29.03 | 4,400 | 1,277.10 | O |
| 2024-04-15 14:22:13 | 29.03 | 11,230 | 3,259.51 | O |
| 2024-04-15 13:42:25 | 29.50 | 6,759 | 1,993.91 | O |
| 2024-04-15 12:54:07 | 29.03 | 176 | 51.08 | O |
| Top Posts |
|---|
Posted at 16/4/2024 09:20 by Srt Marine Systems Daily Update Srt Marine Systems Plc is listed in the Communications Services, Nec sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 29.50p.Srt Marine Systems currently has 192,457,939 shares in issue. The market capitalisation of Srt Marine Systems is £56,775,092. Srt Marine Systems has a price to earnings ratio (PE ratio) of 737.50. This morning SRT shares opened at 29.50p |
Posted at 03/4/2024 20:29 by goodapple While the share price languishes awaiting news of UKEF or other positive contract developments, I offer a little shaft of sunlight from across the Pond.I mentioned a while back that SRT's new main distributor in the USA has a website which provides daily updates of best selling brands and products. SRT transceivers have featured fleetingly (yes, yes..) a couple of times over the last couple of months, but this week is the first time they have held on to top spot for a couple of days. If you check it now you will see Em-trak A200 Class A in pole position. And next on the grid is a SI-TEX model which is clearly SRT rebranded. It's just nice to see something dynamic reported in the otherwise silent SRT world. ( Yes it's time for another Gallery photo at least ) So for those still interested - and awake, I offer: CWRdistribution.com >Marine Navigation & Instruments > AIS Systems Enjoy the moment - I did. |
Posted at 20/3/2024 16:11 by eagle eye careful,SRT demands attention because of it's high growth potential. The market it addresses is huge and SRT appears to be a market leader in it's niche. With the wind in it's sails, SRT share price has the potential to multi-bag from here. That's why there are a lot of intelligent minds here, despite the poor record of delivering market expectations and the problematic business model. |
Posted at 09/3/2024 08:43 by countryman5 I readily recognise that SRT was a minnow on the world stage, dismissed by CLS and others. However, it has won through and now has global stature and cash in the bank.The first Country to commit to SRT was Bahrain, which must have required Simon's considerable skills. This became the reference point for various countries following on. The Philippines is well on board as is the major M E Country, where we are awaiting the follow on contracts. Finance has always been a problem but this is now under control. Read the recent brokers report, as outlined by LAV. SRT now has a signed contract with Indonesia where UKEF and Indonesia MOF are deciding the last wording on the contract.Yes SRT was a minnow but now it is a company with a growing track record which is a reference point for all of those countries with an EEZ which need a system. None of this would have happened without Simon Tucker and supportive management and shareholders. I look forward to Simon receiving his share awards when the share price reaches the anticipated vesting price. |
Posted at 01/3/2024 08:37 by countryman5 I suspect that the biggest problem for SRT is finding the right people to drive this fast growing company. Following the recent fundraising, cash is no longer a problem. We know that there are two contracts which are ready to go. The initial kit is waiting in the UK. However, we need the final paperwork to be completed. The £145 Indonesia contract requires signing off by UKEF.It is coming to the year end and there must be doubt if everything will be over the line, with cash in the bank by the end of March. The year end is an arbitrary line in the sand, which in a way is irrelevant, but it is what the market looks at. If the year end was one month later the figures would truly be in the bag. As always the company does not define contract dates.ST spends most of his time living out of a suitcase and the company desperately needs one, or possibly two people like him to drive the numerous contracts forward. How to find such people? They need gravitas in order to be taken seriously by the customers, but they must not be arrogant. They have to sell their soul to the company and be willing to fly anywhere at the drop of a hat. I suspect that the only way to find such people is a targeted head hunt. I also suspect that agencies are useless. I imagine that the best way would be an 'in house' head hunter being guided by Neil. There are so many opportunities out there with countries recognising that they need a maritime system. ST will only visit a country if he believes that they are serious and this means that they know where the cash is coming from. Following the Indonesia contract which is being underwritten by UKEF, this source of funding would appear to be the way forward for many contracts. Obviously wealthy countries like Qatar and Kuwait have plenty of loot and other countries will get support from the World Bank, which will fund upto 50% of a contract. The World Bank is very important for fisheries contracts. The contact person from SRT, who works with a Country has to gently educate about the merits of the SRT system. It is so important for the SRT person to build a personal relationship with the decision makers. They have to understand the ways and customs of the Country. The SRT person also has to find the very important in-Country partner. Nursing a potential contract forward will require numerous visits over a possible eighteen month period. SRT is now very fortunate that every Country looking for a system knows about an existing successful SRT system, as a point of reference. Where are these potential contracts coming from and what is their size? We know that there are many countries in the M E and S E Asia, but I suspect that ST is also a visitor to countries in Africa and possibly S America. However, the World is truly SRT's oyster. Every Country which has a coastline and has access to finance will eventually need a system. What size are the contracts? We know that one coastguard is planning a 1 $ billion contract, spread over 10 years. I suspect that many are in the $200 to $300 million contract size. If SRT achieves its 25% net profit, we could be talking of £50 million profit per contract. Louise's side of the business probably services at least half of the company overheads. This has tremendous potential to grow as soon as DAS and Nexus orders start arriving. which US President said 'You ain't seen nothing yet' |
Posted at 24/1/2024 08:52 by countryman5 I find it interesting that there has been little comment / speculation about the presence of Ocean Infinity within SRT. Here is a company with an incredibly rich owner that just happens to want to invest in our company. Don't forget that AC approached SRT. Let us not forget that Anthony Clake has enormous research facilities at his disposal. I suspect that he approached ST with a view to buying the company. ST would have told him that he knows the views of the few major shareholders who own 50% of the company and SRT would not be for sale for less than £000 million. I suspect that AC might have said 'How about we make an investment (you need the money!)and we get to know you better and see if we can justify the exit price that you want.The stock market ignores minnows like SRT, but I suspect that the likes of Airbus are certainly aware of Ocean Infinity and their probable intentions. If I was AC and I wanted SRT I would come in very soon with a knockout bid and reverse Ocean Infinity into SRT thus giving him his stock market listing and avoiding due diligence which would expose his shipwreck activities. Why wait for news of impending contracts which will only drive share price higher. |
Posted at 25/12/2023 10:22 by countryman5 I sent some questions to Simon and he consented for me to share his replies. He prevented directors from participating, even though they wanted to do so. His view was that they have options and he wanted to maximise the opportunity for existing shareholders.His view is that many AIM companies are dying through lack of institutional support. SRT did not raise the amount it wanted, back in the summer. If SRT wanted to go for gold with huge contracts for a very fancy system which has taken 6 years of investment, SRT needed the capital to deliver the gain and the just rewards for all. More to follow SRT recognises the frustration of shareholders, but the reality is that real gov business takes time. It is not in SRT’s gift to lecture any gov on their processes. The process is sure and leads to the contract and payment…. There are no short cuts. OI did substantial DD on SRT including speaking to SRT customers.they see massive opportunity and understand the market and contracts deeply. OI is privately held and nobody is going to see its enormous revenue, for now. |
Posted at 04/12/2023 09:33 by yump That deep pocket comment could apply to any SME in growth phase with working capital demands.You can say goodbye to any benefit from SRT share price growth if it gets taken over. Surely thats not what you want - unless you bought all your shares at 50p. Don’t know what you mean by the cliche of “global footprint”. Surely SRT has enough of a global footprint. “IF” governments were signing up rapidly for systems and SRT couldn’t physically meet demand, that might be different. Where are all the contracts being given to competitor systems, because another business has a global footprint ? How much more global can SRT get ? If they were losing contracts because clients weren’t confident in their ability to deliver, that might be different. However a larger business would still have to scale up. The possibility of being invested in a substantially more valuable business like SRT carries investor risks. I certainly didn’t invest in a small company to see it taken over. |
Posted at 01/12/2023 11:18 by countryman5 As we approach the end of the first financial year providing a substantial profit, it is a good time to take stock of progress and any potential weaknesses. This year’s systems revenue forecast is based on signed and announced contracts.The company is led by a very able management team, which is focused on the way forward. They have developed a range of AIS transponders which are global leaders, with a reputation for quality. Some of the AIS components are incorporated as OEM modules in various maritime brands, such as Raymarine, but increasingly the SRT branded EMTRAK is driving sales via over a thousand dealers, worldwide. The recently launched DAS products fit onto buoys and have enormous potential where they deliver and receive AIS signals to assist the management of ports and waterways around the world. The next product to be launched is NEXUS. This is considered to be a revolutionary development by linking voice communication with AIS. The company has various revenue streams including transceiver and system sales to an increasing number of Countries for both coastguard and fisheries departments. These customers are ‘sticky’ This is a fast-growing company which needs financial resources to fund ever larger contracts. One contract has the potential for being $1 billion. The company has access to two UK banks but these are reluctant to lend money without collateral. Some funding has come from the issue of new shares and also borrowing from a group of private investors. The most recent contract for £145 million was underwritten by a loan agreement with the UKEF. The transceivers business has good YOY growth, but the dramatic growth is coming from the systems business, with an increasing number of countries needing SRT systems. It does not appear that there are any effective competitors for these contracts, but other companies are looking to compete. The other option for them is to buy SRT!! SRT is unusual with its shareholder base. There are no institutions with over 3% but there are 6 or 7 shareholders who control over 50% of the stock. I understand that the CEO has a close relationship with these shareholders and knows their thoughts on a possible takeover. Where to from here.? I am sure that the CEO has a pretty good road map but some of this growth will be restrained by cash. The company currently focuses on surface water activities but the countries buying the SRT system will increasingly want to monitor activities just above sea level (drones?) and beneath sea level (submarines?). Can SRT address these markets? If the company believes that it must make some quantum leaps in moving forward, would shareholders support a strategic partner taking a possible 20% stake in the company? If this were to be considered, there would need to be synergy with the product offering of the proposed company. Many of the coastguard contracts offer the potential for patrol boat / armament suppliers. How about a company which could monitor activities above or below sea level? If a cash rich company is interested in taking a strategic stake, shareholders, especially the few major ones, would need to buy into the offering? Would major shareholders accept 120p a share to a allow for the necessary dilution? |
Posted at 20/11/2023 21:33 by countryman5 Investor Chronicle (continued)Furthermore, Tucker noted that thousands of fish farms in the EU will require tracking and monitoring using aid to navigation (ATON) systems from 2024. The device is external to a vessel and assists navigators in determining their position or safe course, or to warn them of dangers or obstructions to navigation. SRT has appointed a dedicated salesperson to work on the growing global market opportunity for its high-margin digital ATON systems, which provide specialist navigation devices for buoys and infrastructure. It’s already bearing fruit as Tucker revealed to the IC that SRT has issued quotations to potential clients that have a contract value of £15mn. True, the transceiver business has a seasonal second-half bias. However, factoring in underlying market growth and incremental demand from new product launches, it’s reasonable to expect the unit to deliver 26 per cent growth to achieve Cavendish’s full-year revenue estimate of £15.1mn. Moreover, with shipping of SRT’s new NEXUS VHF/DSC radio system (allows digital information transfer not just voice) slated for autumn 2024, and SRT entering the lucrative US market, Cavendish expects divisional revenue to surge by more than half to £23.2mn in the 2024-25 financial year. A soft launch of the new product is already generating solid orders. Growth opportunity undervalued Based on Cavendish’s maintained forecasts, SRT’s shares are rated on a price/earnings (PE) ratio of 10 and enterprise valuation to operating profit multiple of nine times for the 12 months to 31 March 2024. Both earnings multiples fall to only six times in the 2024-25 financial year when analysts expect revenue to increase 48 per cent to £105mn and pre-tax profit and earnings per share (EPS) to rise by more than 60 per cent to £11.8mn and 6.2p, respectively. Importantly, the business is well funded, having drawn down £7.7mn of a £40mn loan note facility with LGB Capital Markets solely for working capital purposes. Net debt of £5.7mn should reduce to £2.2mn at the financial year-end (31 March 2024) with the benefit of the second-half operating cash flow. Cavendish forecasts net cash of £3.6mn on 31 March 2025. So, with the contracted order book materially de-risking second-half revenue and earnings forecasts, I feel the share price pullback since SRT raised £5.4mn, at 50p, in a placing and released better-than-expected annual results (‘This stock has a very low rating and a growing order book’, 27 July 2023) is worth exploiting. Buy. |
Posted at 14/10/2023 20:00 by hedgehog 100 From the Tan Delta Systems Admission document, 11 August 2023:-"Simon Richard Tucker (53) – Non-Executive Chairman Simon is Non-Executive Chairman of the Company, having joined and invested in the Company in 2011. Simon has extensive experience of building and scaling technology based international companies and is currently Chief Executive Officer of AIM quoted SRT Marine Systems plc which he has grown from a market capitalisation of £24m to over £100m." SRT closed for the weekend yesterday at 45.2p, up 2.2p (5.12%) on the day. That's just 9.2p (26.3%) higher than its IPO price nearly 18 years ago:- 02/11/2005 08:00 UK Regulatory (RNS & others) Admission to AIM LSE:SRT Srt Marine Systems Plc "Software Radio Technology plc ("SRT" or the "Company") was today admitted to trading on AIM in conjunction with a placing which raised £4.04 million (before expenses). The market capitalisation of the Company at the placing price of 35p per share is £24.17 million. The ticker for the ordinary shares is "SRT". ..." Though interestingly, its market cap. has more than trebled since then, to £86.98M. SRT Marine Systems (SRT):- |
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