Srt Marine Systems Share Discussion Threads

[2vdm] 08/12/2016 23:05

Well the PM has been in the Gulf, but, Boris is about to go there too, no doubt to schmooze with our allies,foster goodwill and help promote trade.I'm sure the Saudis will welcome him with open arms!

[yump] 08/12/2016 22:37

Not so sure about the Cranberry sauce. Half will get used and the other half sits in the cupboard going off gradually...

I think we need high sugar content jam.

[goodapple] 08/12/2016 21:59

Has ST been in the Gulf this week?

[countryman5] 08/12/2016 21:20

I have always been of the opinion that our larger shareholders would be tempted by an opportunistic T/O. However, I feel confident that we are now so close to enormous and numerous contracts, that even if an offer came tomorrow, the rolling contract news would make any offers seem ridiculous. I believe that the company is so close to the promised land that its future is safe.

[yumyum] 08/12/2016 08:28

Well the volume is very small, so not a sign of buying by someone in the know.
We are still blind, but hoping the guide dogs (CEO and Chairman) are correct in leading us towards promised jam. Cranberry sauce would be nice.

[parsons4] 08/12/2016 08:09

I am quite sure that there is always an amount of insider buying from those in the know !!!!

[2vdm] 08/12/2016 07:50

Parsons4.All we have been offered is "significant project deliverables" and hopefully we may see a new contract arriving. Re your second statement, I don't know how anybody knows that a 2nd contract is be imminent and is buying as that would be insider dealing.

[parsons4] 07/12/2016 22:37

I do think that the next 4 months must deliver some large orders !! The activity today suggests that a contract is imminent.

[eagle eye] 07/12/2016 20:29

TP. You are correct, and there is still roughly four months of this FY left.
Saudi was announced in October which was positive news.

[the prophet] 07/12/2016 20:13

so do I, ee, but the TU was definite......

' which will result in the completion of significant project deliverables in the second half'

Nothing guaranteed, but the above is close to it?......

[eagle eye] 07/12/2016 20:03

The chart coming off bottom would tempt a few technical analysis investors in, though how relevant that is, who knows.
I agree with yump a few posts back that 40p looks a good entry point based on the large contract already announced.
Just hope the 'which will result' doesn't mean the next financial year LOL.

[the prophet] 07/12/2016 18:05

Hi LaV, yes I agree with your take, volume doesn't seem too bad at the moment as well, 500,000 or so shares traded a day.I also agree that there must be a certain amount of scepticism re SRT's talk of goodies to come this half. What is different, I feel, is that this time around we have a signed contract as opposed to waiting for one to land on the door mat. Still, these things are never guaranteed, but the TU was about as definite and positive as you can be.....'which will result', that doesn't leave any wriggle room, does it!

[lavalmy] 07/12/2016 17:36

No doubt TP. no doubt.

But doubters may recall similar statements at the interim stage over the years ...

One of my sister-in-laws has been buying recently, with me as the man with the finger on the buy button, and it seems to me that the share is being watched quite closely by both buyers and sellers. As and when news hits, who knows the reaction? I am still waiting for my own influx of funds.

By the by, I have just finished dealing with the said sister-in-law's transfer of her defined benefit pension into a SIPP. Some scoundrels were met with en route and some even paid for advice we did not need nor intended to act upon, but what surprised me most was that most receiving schemes would refuse to accept a transfer unless the advice was positive. Except for AJ Bell, who correctly interpret the guidance as requiring the member to receive advice but explicitly requiring the transferring scheme NOT to second guess the member's decision if they decide to go ahead with the transfer. Well done AJ Bell! I was actually considering moving the various family accounts held with them to HL (who would have refused the transfer) because they have annoyed me a few times. Now, no, let them keep the accounts and the meagre commissions they make.

[the prophet] 07/12/2016 16:50

re somebody knows somethings coming....well, the TU was pretty clear:

'During the period there was material progress with several projects which will result in the completion of significant project deliverables in the second half. Upon completion the Company will make further announcements and provide market guidance accordingly.'

so 2 months plus into the second half, perhaps those deliverables are not too far away?......

[yump] 07/12/2016 16:05

More likely to be just buying on the bottom trendline (debatable line) or support, plus if it was worth 20p with hardly anything happening and broken dreams and 40p with a massive contract announced, then the 40p is basically 'wrong' based on the new information and a good buying point.

If there is any significant announcement before Christmas, imo you'll have to get a JCB to dig yourself out of the jam piled up outside your house, what with new year tipsheets etc. - they'll all get over-excited.

[smartmoney100] 07/12/2016 15:14

Yes feels that way. I keep expecting us to drift down on the lack of news

[philburt] 07/12/2016 15:13

Yes, feels a bit like somebody knows something's coming, perhaps?

[philjeans] 07/12/2016 12:53

I'm rather hoping for some jam on my bread this Christmas.

Could there be some more business for us in The Gulf region, with the PM there currently?

A few nice chunky trades going thru.

[crazycoops] 02/12/2016 15:53

And good luck to you Philburt, always interesting to see and consider alternative approaches.

[hjb1] 01/12/2016 11:05

good, been there a while mate!

[goodapple] 01/12/2016 10:56

Couple of new pics in the Gallery. Nice big stand for em-trak.

[philburt] 30/11/2016 08:55

CC- Understood. My narrow focus is quite deliberate. It will seem like sh*t or bust to some, I know, but the potential rewards (and risks) are greater this way.
A basket of say, 12 AIM prospects is marginally safer, but the rewards get averaged out across winners and losers. Plus, I only have 2 companies to research and stay on top of. A bit of a 'Black Swan' mentality....
Appreciate your comments though. Good Luck!

[crazycoops] 29/11/2016 19:25

Philburt, there is a whole universe of investment opportunities rather than the dichotomy you seem to have created. FWIW, I hold SRT but as part of a portfolio strategy. Each to their own I guess.

[countryman5] 29/11/2016 17:50

TP 3935. You are often right.LAV has put his name to £1 by March and so must be increasing his stake. It is not often that you can buy a £1 for 40p.

[philburt] 29/11/2016 16:37

2vdm - Thanks, looks like your buy has pushed the share price up and recouped my spread / buying costs already ! lol
Good luck!