We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Srt Marine Systems Plc | SRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 08:00:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.00 | 23.50 | 24.00 | 24.00 | 24.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 27/4/2024 14:59 by extrader Hi LaValmy,Thanks for providing some nuance to the debate. In my defence (investment mantra : 'consider the source'), I looked - before posting - at the (Philippines-based)I and its assessment of Golden Rice here hxxps://www.irri.org Will planting Golden Rice have any harmful effects on other rice varieties through cross-pollination or out-crossing? And can it make weeds a bigger problem? which appear (I'm a layman) to address most of your concerns. I didn't want (cheers , yump!) to go too far into said weeds ;-> As I said at the outset, it may be cold comfort for SRT investors, but we're not alone in being caught up in domestic Philippine politics, where this time it seems ideology, rather than financial gain, is frustrating a public good that would benefit the poor. GLA and ATB |
Posted at 26/4/2024 17:13 by pyman hmmm... what will our' 'investor' Ollie, make of this do we think... |
Posted at 09/3/2024 11:29 by extrader Thanks, La Valmy !.."UK ventures Earlier last week, Teodoro [Defence Minister] met with Richard Graham, the UK Prime Minister’s trade envoy, and their discussions included “the South China Sea, and potential avenues for collaboration in defense and investment,” under a memorandum of understanding on defense cooperation signed in January by Manila and London. Teodoro and Graham “expressed interest in exploring joint ventures with British investors and other forms of cooperation to support” the revised AFP modernization program..." etc. Let's hope, meanwhile, that the UKEF paperwork for Indonesia is indeed "all very close to being completed – hopefully this month or just the other side." GLA and ATB |
Posted at 08/3/2024 11:02 by leighford If you were referring to me Yump my comment falls under the category of ‘fair comment’.This is a discussion board, not a ‘supporters Then you gone into assume any ‘non supporter’ must be an unsuccessful investor sitting on big losses! That is one big stretch. Certainly investors won’t have got rich here over the last 10 years or so. Tucker is an amiable chap and he’s done a good job building the company. But it’s not been great for investors. Can’t help but think this company would be better off under the wings of a larger enterprise. It’s a cash guzzler and the aims of ensuring sufficient cash and keeping investors happy with extended procurement time lines has been a hard one to satisfy. Please desist from further stupid assumptions. |
Posted at 08/3/2024 10:11 by eagle eye Posted last week:'In an investors eyes, SRT's biggest problem is delivering on forecasts and generate cash flow. Operationally behind the scenes I think things are shaping up pretty well. The business model is the problem and management have little control over that'. |
Posted at 08/3/2024 07:43 by countryman5 The RNS gives a detailed explanation, without naming the country where SRT will soon be tendering for 'substantial new contracts'. I think followers of the company will recognise the country concerned. These are substantial contracts, and we know of one country which is planning a $1 billion coastguard contract split over 10 years and a next stage fisheries contract, which might be supported by the World Bank, Obviously being excluded from contracts in a country where SRT has acquired a good relationship would be more than unfortunate.In about 130 days we will know the newly extended year end figures. The RNS mentions'relevant government agencies in three countries'. We know that two are the £145 Indonesia contract which is awaiting UKEF sign off and also a M E country where stage one has been completed. The delivery milestones on these two contracts were required to achieve the £70 million turnover.A vast amount of kit is waiting at HQ to allow the speedy delivery of these first milestones.I suspect that the third country is the long awaited next stage with Bahrain. There is nothing in the forecast for DAS sales. How will the share price react to this RNS? There might be some sellers, even at this very depressed price.. Other investors might look over the horizon to events at the beginning of July. As always the market likes news of the commencement of contracts. The NOMAD, and possibly the London Stock Exchange would have needed sight of detailed correspondence to authorise the change of year end.. |
Posted at 01/3/2024 10:05 by eagle eye In an investors eyes, SRT's biggest problem is delivering on forecasts and generate cash flow.Operationally behind the scenes I think things are shaping up pretty well. The business model is the problem and management have little control over that. |
Posted at 28/12/2023 06:36 by fft I think I laughed when I read C5 report that ST stopped directors buying because of private investors.In my experience, directors take part in the placing, not the retail offer. But not this time. Secondly, they could, as SCE did, make the retail offer demand based (thereby getting a bigger cash pile if strong retail demand).Given the time scales involved, they also seem to have made it more difficult for many investors.I hope they dont issue new options or rebase/reprice existing options.Btw, I do think it is a good move for shareholders. A decent raise and ST will now be a lot more accountable for his statements and the new buyers are well able to support the company with further share issues if needed. |
Posted at 20/11/2023 17:39 by countryman5 Investors ChronicleThe absence of any revenue from its maritime systems business explains the hefty pre-tax loss for Aim-traded SRT Marine Systems (SRT: 38.5p). However, the directors expect substantial milestone payments to be earned in the second half from the group’s £160mn contracted order book, so are confident of hitting analysts' full-year expectations. To put the second-half forecast growth into perspective, house broker Cavendish expects SRT to deliver £55.8mn of revenue from its systems business and £9.6mn of revenue from its transceiver activities. On this basis, the £74mn market capitalisation company could more than double annual revenue from £30.4mn to £70.9mn and report pre-tax profit of £7.2mn in the 12 months to 31 March 2024. Of course, there is execution risk in delivering contracts and a hefty second-half weighting, too. That said, chief executive Simon Tucker highlighted to Investors' Chronicle the specific milestones from key contracts that support full-year revenue expectations. These include a £1mn final payment on a fisheries contract nearing completion in the Philippines; initial payment of £11mn on the implementation of the next phase of a £40mn Middle East Border Agency contract in the first quarter of 2024; and £41mn of payments when first deliveries of equipment are made on a $180mn (£145mn) contract with a national coast guard in South East Asia that SRT announced six months ago. Specifically, the group is supplying an integrated maritime surveillance and intelligence system to the client.Furthermore, Tucker noted that thousands of fish farms in the EU will require tracking and monitoring using aid to navigation (ATON) systems ... In addition, the directors expect a contract to be issued soon for the follow-on phase of a maritime surveillance system with a long-standing Middle Eastern coastguard. Potentially, some of the deliveries on that contract could fall into the second half, too. Shareholders can also expect other announcements on SRT’s £380mn medium-term (one to three years) pipeline that forms part of its £1.4bn validated pipeline of contract opportunities. |
Posted at 27/7/2023 12:57 by yumyum hi pinkfoot2SRT DID raise the capital they wanted. Why do you say they did not? Did you mean to say they raised MORE than originally planned? :-) They raised £5.36m gross. Pre-raise they were aiming for this: hi pinkfoot2. The fundraising was aiming for this: SRT Marine Systems plc (AIM: SRT), a global provider of integrated maritime surveillance systems and digital navigation safety transceivers ("SRT" or the "Company"), today announces a proposed Fundraising of up to GBP3.95 million through the issue of up to 7,900,000 New Ordinary Shares at 50 pence per New Ordinary Share (the "Issue Price"). The Fundraising will include a placing of a minimum of 6,400,000 Placing Shares to institutional and other investors at the Issue Price to raise a minimum of approximately GBP3.20 million (before expenses) (the "Placing"). The Company also intends to carry out a separate Retail Offer of up to 1,500,000 Retail Shares at the Issue Price on the Primary Bid platform to raise up to a further GBP0.75 million (before expenses), which is intended to provide Retail Investors in the United Kingdom with an opportunity to participate in the Company's fundraising plans. A separate announcement will be made by the Company in due course containing details of how investors can participate in the Retail Offer. For the avoidance of doubt, the Retail Offer is not part of the Placing. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
