Srt Marine Systems Share Discussion Threads

[hjb1] 06/10/2016 09:59

words matter not a jot, and it makes me cringe when all there is to hang onto is the word "will" in a statement,jeeez!
Time for the words to stop and the meaningful figures to start imo!

[yump] 06/10/2016 09:58

I see we've picked up a handful of first-time posters, presumably taking time off from ambulance chasing.

[the prophet] 06/10/2016 09:55

Some good points already made on this thread, thank you to everyone.

Well, the good news is that, yet again, SRT are very quick out the block in giving a TU just a few days past period end, with the interim results next month. All indicative of a well run company.

And yes, the 'will' word being used is indicative of confidence of good news to follow in this period. It needs to!

I am not sure of the excact meaning of this phrase:

"During the period there was material progress with several projects which will result in the completion of significant project deliverables in the second half".

To me it reads that these deals will be tied up in this half, that they are significant deals, but the phrase 'completion of significant project deliverables' indicates to me that we might not necessarily see revenues from these in the second half. Not that would be a problem if we had set ourselves out for a stonking 2017/2018 with a very strong order book resulting from these 'project deliverables'. I believe this is the scenario LaV fancies, so , if I am correct, LaV will be happy?
But it could leave SRT somewhat short of the forecast numbers, as pointed out by EE. Whilst that may not be a disaster, esp with news of new projects, it would then become something of a habit to miss forecasts.

Anyway, be pleased to hear anyone else's take on that phrase and what other folks interpretation of it is.
Thanks.

[hjb1] 06/10/2016 09:54

wow!! clutching at straws eh chaps?? I expect Tucker is too embarrassed to do a webcast after all the big talk and big numbers and he returns a pathetic £2.7m...

[smartmoney100] 06/10/2016 09:53

LazyJ omitted 'is pleased to provide an update' That certainly suggests SRT is feeling positive.

[9degrees] 06/10/2016 09:48

something must be happening as this is such a low key announcement today. Maybe they are all so busy either preparing for good news on orders or take over. I reckon for once that no news is good news ! Hold the faith!

[lazyj] 06/10/2016 09:40

FWIW. The absence of any reference to a webcast to accompany the TU next month, together with references to " material progress", " several projects", "will result in completion of significant deliverables in the second half", "upon completion .... market guidance", all give me much encouragement.
SRT and Mr Tucker are not Globo and Costis.
I look forward to the deferred webcast that will tell us about the lorry load of jam long term holders have been looking out for.
:-))

[eagle eye] 06/10/2016 09:35

No point having a webcast until there is news and H1 figures suggest that isn't yet.
H2 needs to come in strong...£9.3m revenue required to hit current forecast.
Wait for evidence of cash in tills and the shares will already reflect a fancy rating. Current market cap 127m shares x 40p = £50.8m. Quite rich on the basis of today's H1 £2.7m.
I think there is a decent business here, but the road appears bumpy for a while yet.

[smartmoney100] 06/10/2016 09:33

Well I'm keeping the faith, though I do have 50,000 less faith than yesterday!

[visionon] 06/10/2016 09:29

I wonder if Mr T is regretting the jam tomorrow stunt at the AGM...I found my jar yesterday (lurking behind the peanut butter) and of course there is no consume by date. Lucky really...

Absence of webcast is inconsistent but not compulsory.

A left field alternative idea is that they have had an approach and are now being all coy, although it would seem a bit early for that.

Oh well, 39p is still a long way up on the 20p of earlier this year. Perhaps we shouldn't lose sight of that.

[philburt] 06/10/2016 09:28

2vdm - I agree. As always with SRT, it's all about timing.
Personally, I wont even be considering 'being concerned' until at least year end results...

[amt] 06/10/2016 09:06

Never fails to disappoint. No webcast is a bit unnerving also.

[2vdm] 06/10/2016 09:05

Thank heavens we have some serious posters on this thread, TP,LaVal,owenski,YY etc. It helps make sense of this roller coaster.

[yumyum] 06/10/2016 09:01

Well put owenski. I fully agree.

[dj trading] 06/10/2016 09:00

Poor 1H TS - Revenue of just 2.7m and a loss of £1.2m
Will be interesting to see movement in Debtors and Accrued income when results published as cash remains at 1.8m.
Trade receivables at 31 March were £4.7m up from £1.6m the previous year.

Directors presumably happy with their performance having just awarded themselves 900k Options worth about £350k at the current price!

I still have concerns about their ability to deliver a 90m Euro contract given their existing and acquired skill base doesn't appear to fit with project work of this size on the other side of the world. And I'm amazed that they apparently say (AGM feedback) that they can simultaneously run multiple large MDM installation contracts in several countries.

[yellowdog] 06/10/2016 08:41

Down, down , down.......

[kendonagasaki] 06/10/2016 08:31

Simon tucker seems to know how to spin big fat whoppers?Looks like they only have 8 months of cash left IMO.This is vastly over valued IMO.

[napoleon 14th] 06/10/2016 08:29

Totally underwhelmed & happy I sold two weeks ago.

[donemyhomework2] 06/10/2016 08:12

Some nice chunks of buys at 25k lots will soon bring it over 40p again.

[clarkey26] 06/10/2016 07:53

Agree vague update, no webcast mentioned and no real statement from ST compared to previous updates. Say will update guidance when project milestones met which I assume might be sooner rather than later but just says second half, surely wouldn't wait to end of this period for more guidance.

Cash position remains the same as last update but not much to get excited about, feels different in tone to other updates.

[fft] 06/10/2016 07:48

Terrible first half sales. No one forecast that low !

[expletive deleted] 06/10/2016 07:46

Dismal numbers on their own, but the key point is the use of the word "will" in the third paragraph. That implies a confidence about the imminent conclusion of major project commitments that we have not seen before.And, exbroker, cash is not remotely tight.

[goodapple] 06/10/2016 07:41

LaVal: Here comes your buying opportunity?

[extrader] 06/10/2016 07:35

Hi all,

Cash seems a bit tight....

ATB