|No, I haven't, but I consider it to be very unimportant. Google and you will find Indonesian ministers saying this, though the more responsible will say something more like $3bn. Tucker is of course perfectly entitled to rely on government statements of their estimated losses. A good example in the UK is the Tresury estimates of loss of tax due to avoidance/evasion in offshore jurisdictions. Totally exaggerated, and not at all in keeping with what they already know about client account balances.|
It was an updated SRT presentation so if you are correct I'd like to know why Simon Tucker is pushing this information. Have you discussed this with him? This otherwise makes any other information presented by ST to be very questionable.|
I am afraid that number is twaddle based on an error that keeps getting repeated, so that mere repetition gives it the appearance of fact. I looked into it a few years ago and found the source. I must have posted about it on the old thread. Suffice it to say that it is wrong. Joko, the Indonesian president, repeated it the other day, though.|
|Sharesoc have downloaded the presentation from SRT on 18th October to its site for full members. The presentation is a rehash of the AGM one but with more information. One interesting snippet is that the estimated cost of illegal fishing each year for Indonesia's economy is $20bn, yes that is "Billion".
If you are not already a member now would be a great time to join, the cost is very low at £45 per year. A small price to pay for a society that looks to protect and gain rights for all investors.|
|Hmm. I remember looking out of my office towards Cadburys (not far away) when they got taken over and thinking 'well I bet none of those promises from Kraft/Mondalez will be kept'. I guess I should have put a big bet on.|
|Yump - agree, especially if it's making decent profits! More generally it is a shame to regard "success" as being a takeover target (probably by a foreign company). We need to see more British companies being allowed (and financed) to grow and not taken out.|
|Mind you a lot of the early ASOS investors sold out very early. David Stredder, I think, may have got out at £2.00 or so.|
|This takeover stuff annoys me as I cannot think of any company where it was discussed and then took place. I'm sure there are some, but it seems that every thread has a mention of a takeover at some point. Both with shares that have bombed, shares that have flown and shares that have done very little.
Why on earth, as an investor, would I want SRT to be taken over at all, ever if its showing decent profits ?
I'm sure none of the ASOS investors are regretting that no other retailer made an offer years ago.
The businesses that grow for years are the ones that totally transform a portfolio.|
|thanks for your views re t/o C5, 2vdm and LaV.
Guess what would be ideal is for the results to start to reflect the order book resulting in a substantial re-rating, followed by a t/out at a very healthy premium. I think that would keep most folk happy.|
|Any comments on the presentation yesterday afternoon?|
|I remember this conversation at 20p, when they were going to be bought at 40p, by, at one point, some canny Canadian VC outfit that got wise via eE.
AIS is currently a tiny market. It may become bigger if the various governments that SRT is talking to decide to go ahead with AIS based monitoring of their fishing fleets and/or other boats. In other words, the larger AIS market will only exist when SRT have been awarded the contracts. By then, the value of the market will become visible and the value of SRT will already have risen accordingly.
The more valuable income streams from recurring revenues are even further out and less visible. Nobody knows what prices governments will pay for AIS satellite coverage. There will be more and more capacity in the satellite market.
Where SRT are potentially vulnerable now is that they are pitching themselves as an MDM system provider. Other companies might like the offering and see a brighter future for it than the SRT directors do. I seriously doubt that. And SRT currently has only one, rather small, MDM system in place.|
|I certainly wouldn't want this subject to a T/O at this price. Let's hope we hear more about where we are with Indonesia and other projects. Maybe ST will have an opportunity to update us soon. Countryman, not a ramp, but for once I've added to DOTD, rather than SRT. I'm sure SRT will get there eventually, but lets hope it's before that jam passes its sell by date.|
|TP. I think that an offer is inevitable and as soon as one is received others will probably appear. The BOD are major shareholders and I guess that small shareholders will be guided by BOD. I would prefer the company to stay independent because I do not know of an AIM company with better prospects and tax on gains reduces investment capital.|
|Goodapple - yuk yuk|
|I wonder how big Austria's delegation was, and how soon we can hope for an order for an MDM system for their extensive coastline?|
|TEMPO.CO, Yogyakarta - President Joko “Jokowi” Widodo dubbed illegal fishing as the biggest crime at sea.
“Illegal fishing is an organized international crime,” Jokowi said at The 2nd International Symposium on Fisheries Crime in Yogyakarta on Monday, October 10, 2016.
According to President Jokowi, Indonesia’s commitment to fighting illegal fishing is reflected in being the host of the international symposium.
“More countries are aware that illegal fishing is a major crime at sea that must be addressed,” President Jokowi added.
“About 2.6 billion people are dependent on the sea,” he said.
Jokowi revealed that Indonesia would continue to wage a war against illegal fishing since the crime caused US$20 billion in state losses and damages to 65 percent of the coral reef. Data from the Food and Agriculture Organization (FAO) of the United Nations (UN) revealed that Indonesia is one of the largest fish producers supplying six million tons or 68 percent of the world’s demands on sea products per year.
“Eradicating illegal fishing would result in an increase in sea production capacity,” he said.
President Jokowi expressed his appreciation to ministries, institutions, and law enforcers for eradicating illegal fishing activities. As a result, the country’s sea product capacity increased from 7.3 million tons in 2013 to 9.9 million tons in 2015.
The 2nd International Symposium on Fisheries Crime has been scheduled to take place on October 10 and 11, 2016 in Yogyakarta. Also attending the event are Maritime and Fisheries Minister Susi Pudjiastuti, National Police chief Gen. Tito Karnavian, Yogyakarta governor Sri Sultan Hamengkubuwono X. Among countries sending their delegations to participate in the event are Australia, Austria, China, India, Ghana, Nigeria, South Africa, and Vietnam.
|What do you reckon re £1 t/o, C5?
As far as I am concerned, it wouldn't be the end of the world although if the business momentum continues to build and the revs are delivered, then £1 coud look modest.
The 2nd and 3rd tranches of the directors options kick in at 75p and 125p, so perhaps that gives some indication of their thoughts?
I assume the options have provisions in the case of a t/o|
|Weak pound makes UK companies vulnerable to T O. Would BOD, who know the pipeline, recommend £1? Weak pound enhances foreign earnings. Indonesia, Bahrain and others growing contract size? All will eventually become clearer. If you are a seller of these you don't believe that a T O is on the horizon.|
Banged to rights:-)
Charting is good when it plays out, but I prefer fundamentals when making investment decisions. However, it's always good to keep an open mind as long as you don't get drawn in by it.
EDIT: I find charting to have like a placebo effect. If a doctor subscribes a placebo to a patient saying take this tonight and you will wake up fine in the morning, if the patient believes this he/she may well wake up feeling fine, but it doesn't mean that he can prescribe the same thing to the next patient and it will work.
The chart for SRT has now formed a triangle. It will break out very soon because the triangle is close to its tip. But, it may or may not break out in a substantial way (i.e. play out), however as investors, the chart has just prescribed us with a placebo and if it does play out it does not mean that the next time it forms a triangle that it will "play out" again.
Theoretically the chartist will tell you that the chart is a reflection of human emotions and as such bears and bulls are fighting each other with the bears selling off and the bulls buying. At some point either the bears completely sell out and leaves just bulls left at the party in which case the chart will accelerate up or vice versa. The tip of the triangle is merely suggesting that we are close to the situation whereby we have just the bears or the bulls left.
That's just the theory, we shall see whether the placebo works on this occasion.
|Not a chartist
About to break
Surely mutually exclusive comments ?|
|Not a chartist but there is an interesting triangle formed that started early August that is about to break. Can only hope that it is to the upside if it does play out.|
|Great minds etc...
It's not a mandate type affair. A mandate is the relevant authority mandating boat owners to use AIS. i.e. Authority says, boat owner buys. As we know, compliance and timing become issues.
AIUI, this a national project. i.e. the National authority is buying and providing the transceivers. It's a very different thing IMHO.|
|On the face of it there appear to be differences between these mandates. Sometimes there is legislation which the boat owners are supposed to take notice of (with the issue of whether they do or not and what consequence (if any) there is of them ignoring it), sometimes they appear to be the result of a desire to monitor the boats actively on the part of the authorities.
It may be reading too much into the Saudi order, but it sounds more like the latter to me.
Would have thought also that the 'we will monitor you' approach is going to increase, as I can't see world security in general getting better ;-)|