|wonder how this product compares to SRT. Partnered with Polestar and Orbcomm
|That Weatherdock contract is for Malaysia. They appear to be selling hardware (units).
SRT also supply into Malaysia including GEOVS.
Whilst it would be nice to own the whole market, it's unrealistic. This story just shows that AIS is real and it's happening.|
|New Weatherdock Product
Class B Satellite Transponder (Identifier equivalent) but with the addition of Satellite M2M feature so that transmission receipt can be confirmed and automatic switching to Sat mode when out of range of coast.
Partnered with Polestar and Orbcom hTTp://www.hali-track.com/|
|And they appear to have picked up the crumbs!
Said he tongue in cheek!|
|The market is a big place.|
|looks like someone else is doing well in Asia? looks like SRT are not the only game in town as we are led to believe!?
Weatherdock – Further win of German Quality in an Asian Country for fishing fleet tracking
Nuremberg, Februar 27, 2017
The German Weatherdock AG was awarded a further time with a big order by an important Asian Government for supplying a fleet tracking and monitoring system.
By using the Weatherdock’s vmsTRACK system mounted on the fishing vessels, the local Department of Fishery is able to continuously track and observe all small and bigger non-coastal fishing vessels in their EEZ and beyond in offshore areas. With such a high level proofed system the Government does the next important step to work against illegal, unreported and unlicensed fishing (IUU).
and certified quality
The vmsTRACK system was tested hard and intensive by the Department of Fishery and finally convinced with best performance figures such as transmission range and reliability. The devices are transmitting continuously in a pre-set time interval to bring up a real-time-image of the area to headquarter.
„After awarding Weatherdock for the first batch of tracking units for the coastal fishing vessels we tested a lot, very hard, very intensive to make sure that these German position transmitter are full compliant to given standards to be the best solution for our country and our needs before awarding Weatherdock the second time with the next batch for the non-coastal fishing vessels” the customer said.
Safety of Fishermen included
Every vmsTRACK unit mounted on a vessel has got an additional “push to alert” button that triggers a standardized AIS SART emergency message which can be received by every vessel or coastal station in the vicinity to help immediately with the rescue.
“For us it is very important that the customer is totally convinced about the product and he has a good feeling with his decision. Delivering reliable technologies on the highest possible level which follow the existing rules and fit the given specification is the goal we want to achieve.” says Alfred Kotouczek-Zeise, CEO and Speaker of the Board of Weatherdock.
The delivery will be finished by April 2017|
|The only positive position I can deduce from the information in recent posts is that at the present time the turnover has not exceeded £13.2M (i.e. £12M +10%), otherwise an RNS would already have been required.
This would not apply to a prospective shortfall of course, as there is always the possibility of a flying pig landing in the next week or so.|
|LaValmy might be buying, not selling.|
He wouldn't have to update on the notifiable interest until he had finished selling.|
|Hopefully not the first but obviously not the second, He/they have a notifiable interest so we'd expect an RNS.|
|LaValmy has been strangely quiet of late. Regular (daily) posting on SRT (and on nothing else) up to 9 February, and nothing since.
Unwell, selling, inside, fed up of ADVFN? Hopefully not the first.|
|EEYes, if only we knew then what we think we know now then I think we would have done very well!All about timing with SRT.|
|Yump, yes, sell high buy low is a winning formula!Always tricky to sell when a share is on the crest of a wave and much easier to sell when the share is friendless and kicking you in the nuts every day!Guess that's why a lot of folk lose money. Selling a few when they've doubled and a trailing stop loss is no bad idea, shame I don't always follow my own advice!|
|TP, I think you are right.
If the 3 year contract is valued at £80m, then maybe not unreasonable to assume 10% of that in the first 12 months.
Even if it rolls over into a 4 year contract due to delays, than thats still a very healthy level of revenue going forward.
If SRT do fall short then the stock price will react. I can't see it being more than temporary blip though as there is a lot more to SRT now than even 2 years ago.
Go back 4 years and I can't believe how embryonic it was!|
|I don't understand why people who are that worried don't just sell the shares.
and next time learn to sell when your share appears to have shot up before actual results justify it and remember to buy when your share appears to have hit the doldrums for no material reason (as in nothing has actually hit the fan).
It just takes a bit of cold-headedness to get rid of that head psychology that messes up your decisions. Easier said than done of course.
Hopefully soon we can just buy some domestic AI robot thingy, which will implement buys and sells in a dispassionate way.|
|TP - Good posts thank you.|
Not sure if it is a 'tall order' or not. Owenski a while back gave his estimate of what we know for H2 so far excluding SEAsia, can't remember what he said exactly, perhaps something like £4m or £5m or so for core and other bits of projects like Saudi, Africa that have been announced, excluding SEAsia.
So is looking to SEAsia to provide £5m or so, out of a total contract order of c.£80m in a 6 month period a 'tall order'? One would like to think not but until we hear from SRT we are in the dark on that one. It doesn't sound ridiculous to me so, on balance, I think they will met the forecasts, but it's a question of judgement.|
|I assume H2 turnover of at least £8.1m...so indeed it will be WELL DONE SRT !|
|Good post TP. I think that sums up the situation pretty well.
With FY revenue forecast of £12m, there is a lot of catch-up to achieve from H1 revenue of £2.7m.
From here, £9.3m H2 looks a pretty tall order.|
|From the 9th March 2016 RNS:
'Under the Agreement, SRT will play an integral role in the development and implementation of a national integrated maritime system which is expected to generate revenues of up to EUR90 million (approximately US$100 million) for SRT over three years, depending on final specification.'
You can't report revenues twice! ie, Full contract value has had a RNS , there will not be any seperate RNS detailing what has been delivered against this order.|
Well, I've checked this with SRT hjb, you are welcome to check it yourself.
The reason is that the SEAsia order has already had a RNS with the full value of the order included in the RNS. Therefore there is no obligation , need or requirment to report as parts of this order are completed. Indeed, this is something that SRT do not wish to do as the project is politically sensitive and of national importance and the other partners do not wish SRT to provide a running commentrary on it. The other partners would be happy if SRT never mentioned it!
So the SEAsia project will be reported in the results under 'projects', but not broken out seperately and the revenue earned would be included in any total given in any TU.
I don't think they are waiting for anything to 'drop' as such, as any order now would be too late for this f/y. It could be they are part way through a phase in a project and the billing for that phase could fall this f/y or next. I say could be because I have absolutely no idea if that is the case or not.
I would agree that you have to report if you think you are going to be + or - 10% from forecasts, but as we've seen in the past, it could be early April till we are 'in the clear' on that front.
My view is that whilst I understand the reasons regarding secrecy over the SEAsia contract, the expected newsflow on other projects has, so far, not materialised and that is disappointing. They are all still there and from all accounts SRT are well placed to secure them. But it would seem to be the same old story of slippage, into next years budgets etc etc. Not much SRT can do about that, that is the business arena they are operating in.|
|obit, no it doesn't! they could still be waiting for something to drop as they won't have to say anything until first week of April when they defo miss.|
|hjb you only have to report if you are above or below management forecast. No report means on track. HTH OD|
|surely if it's "material" it has to be published whichever way you look at it? I mean if they had a £5/10/15m "deliverable" a month ago do you really believe they would not RNS it??|
|As the 'significant deliverable' won't have a RNS then we will only know if delivered by a trading update or the results.That is my clear understanding.|