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SRT Srt Marine Systems Plc

30.00
0.00 (0.00%)
Last Updated: 08:00:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Srt Marine Systems Plc LSE:SRT London Ordinary Share GB00B0M8KM36 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 30.00 29.00 31.00 30.00 30.00 30.00 46,369 08:00:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 30.51M 69k 0.0004 750.00 57.74M
Srt Marine Systems Plc is listed in the Communications Services sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 30p. Over the last year, Srt Marine Systems shares have traded in a share price range of 28.50p to 68.00p.

Srt Marine Systems currently has 192,457,939 shares in issue. The market capitalisation of Srt Marine Systems is £57.74 million. Srt Marine Systems has a price to earnings ratio (PE ratio) of 750.00.

Srt Marine Systems Share Discussion Threads

Showing 19751 to 19774 of 29875 messages
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DateSubjectAuthorDiscuss
21/12/2016
14:29
Any SRT revenue possibility via the remnants of the ABSEA agreement?
goodapple
21/12/2016
13:35
Well then



'CAMBRIDGE, ON, Dec. 21, 2016 /CNW/ - exactEarth Ltd. (TSX: XCT), announces that it has signed a contract with Antrix Corporation Ltd., the commercial arm of the Indian Space Research Organization, to provide Satellite AIS data services to the Indian Navy. The three-year subscription revenue contract is valued at USD $1.75 million in total.

With more than 7,500 km of coastline and significant off-shore resources, keeping track of maritime activity is paramount to maintaining India's security and economic activity. exactEarth's Satellite AIS technology will help its client to identify, detect and track vessels of interest and to secure the country's maritime borders.

"We are very pleased to have won this competitive bid, which has resulted in our first data services agreement with this client," said Peter Mabson, CEO of exactEarth. "During the course of the agreement, we believe there will be an opportunity to expand our relationship with Antrix Corporation, especially as our second generation constellation comes on-line, and with it the potential for real-time updates."

lavalmy
21/12/2016
09:39
All conjecture - cash is king and is vital to keep the wheels turning.

Big contracts need lots of working capital - cash, stock, wip and the debtor/creditor mix.

A fund raising of some sort may be on the cards.

philjeans
21/12/2016
06:29
Thing is can it double in the next three months?

Simon has long indicated that they wanted to drum up some institutional support. Institutions that they had been in contact with wanted a few more contracts signed, as well as broker forecasts. Presumably, this change in broker would not have been done unless they were at or close to being in that position. In which case, things could be about to get interesting. Contract news and institutional support at the same time equals ...?

lavalmy
20/12/2016
20:36
thing is, can it double in the next year?
hjb1
20/12/2016
20:17
Then your investment is worth approx twice what it was a year ago.That's not too bad is it?
goodapple
20/12/2016
19:37
I haven't been on the board for some time. It seems we're changing brokers ?
If so it's not difficult to see why there would be a fall out.
In March of this year we were told that "2 large contracts are imminent but might just spill over into next year".
Not the exact words, but near enough.
We hear this every March.
I don't think ST is a liar. I think he's gullible. The people he's dealing with tell him they'll be signing next week/month and he believes it.
The countries he's dealing with do not do business in the way we do. He's not greasing enough palms.
I remember a TV interview he did promising the female interviewer that we would be paying dividends by now. He honestly believes it when he says it. I'm seriously wondering how much of this validated pipeline will come to fruition.
ST doesn't face the music any more. No more podcasts. I hope my pessimism is misplaced. I have allot of money invested here and for a long time.

buck581
20/12/2016
17:38
Well, from what I'm hearing the reason for the change is simply the desire to raise SRT's profile in the City next year. I think FinnCap are the largest broker on AIM or something like that, but their sales team is highly rated.Nobody is ever going to rule in or out the possibility of funding, but that is not the driving force here.I believe SRT are gearing up on all fronts for a very busy, productive and successful 2017.I'll raise a glass to that!
the prophet
20/12/2016
17:38
It makes sense to me to have 12mths hard cash (instead of 12mths cash inventory equivalent) when negotiating large contracts. I'm not asking you to agree !

In the meantime the share price seems to have support at c.40p and we started the year at c.25p so I'm happy enough. 40p was my target for 2016 and i have 60p pencilled in for 2017, which is a similar % rise but allows some margin for a possible cash raise. will be delighted to be proven wrong on the upside !!

visionon
20/12/2016
17:09
Come, come visionon

What exact message of support would a government, apart from St Helena, get from £5 million being injected into SRT?

lavalmy
20/12/2016
17:02
It looks like SRT had £1.8m cash at 30.9.16 and were running at approx £1.4m o/heads per quarter.

So it wouldn't surprise me if they took advantage of an impending deal to bring in some new institutional money. £5m would indeed seem logical i.e. 12mths overheads equivalent.

Personally I would welcome the company raising £5m at c.40p at a time when they are negotiating large contracts with governments. That would send a strong message that they have investor support to continue keeping at the forefront of AIS etc. And it would be helpful I think to have some more IIs on board at this stage. Especially with declarable holdings.

visionon
20/12/2016
16:20
I am not at all convinced of any need for funding. I would put the odds at about 50:50, and anything required would be similar to the last time out, unless the new broker insisted that the shares need more liquidity and therefore £5 million or so of new issuance. 10% of the existing shares or thereabouts. It would provide them with a decent cushion for working capital. As Kalkanite pointed out, it seems unlikely that all, or even any, contracts are cash positive from day one.

If the liquidity of the shares is an issue, it would be nice to see the new broker earn its living by selling the new shares at a premium. Surely if institutions are that desperate to own some ...?

Goodapple, you can always buy some in the market. The new rules about EIS relief mean that, for taxpayers (which from previous posts a lot of you claim not to be!) SRT would be ineligible, which to my mind has always been the attraction of open offers/being included in a placing - unless the placing is done at a huge discount, which would probably crater the share price in any case, allowing you to pick some up even more cheaply.

lavalmy
20/12/2016
16:11
goodapple, I really hope that happens if there is a fundraising! Happy Christmas all patient shareholders.
crystball
20/12/2016
16:00
I recall ST saying that existing shareholders would get a chance to partake in any future fundraising.
goodapple
20/12/2016
15:41
I wonder if they have landed one or more additional huge contracts, like the one earlier this year, and realised the working capital to finance all of this is currently beyond their resources, even given the present o/d facility and stage payments.

Not surprising if I am right, since late payments and ever larger stock requirements take very careful cash management.

Rights issue to come possibly but also the prospects of more tasty deals.

DYOR AIMHO

philjeans
20/12/2016
12:18
Interesting to look at front page of Finncaps website.

"We raise money and advise ambitious growth companies and pride ourselves on our first class service. We are the largest broker on AIM and the LSE raising over £1.6bn to date for our clients."

"We are here to raise capital and advise your growth company, whether public or private, at every stage of your development. As entrepreneurs and owners of our own business we know the many challenges companies face and are here to make the journey easier."

Capital raising does seem to be emphasised. But that could be a pure coincidence.

If there were a raise soon I would like to think that it were to give SRT a stronger hand in contract negotiations. That is not uncommon - and we are after all dealing with contracts which can individually exceed SRT's market cap and relating to national security type projects.

Or is it perhaps to make more jam for the next AGM. They would need more jars as we haven't been given the all-clear to start on the current stock yet. So no current recycling in prospect.

visionon
20/12/2016
11:33
Well, in the absence of actual deliveries on projects, it would certainly be possible that cash has become tight. There is not much point in over-analysing the balance sheet, but if they are humming along at the same rate as the first half and, crucially, supplying that from existing stock, then they should be fine, particularly with the addition of small contributions from the Panama Canal, Trinity House and the Malaysian port, none of which to my knowledge were recognised in H1. If they aren't, then they will need cash. I am not particualrly bothered, more keen to see real action.

I don't think companies change their broker and then get press-ganged into a capital raise that they don't need. It does happen the other way round, viz that the existing broker gets fed up or offers sub-optimal terms to a client who actually does need the cash. In this case, it could simply be a lack of enthusiasm wrt to whiping up interest, a spat about forecasts.

lavalmy
20/12/2016
11:28
Personally I would be pee'd off if their is a fund raising. One of my reasons for investing here is because of the "self funding" nature of their contracts, if the company is as strong as they say then they should finance themselves from FCF and or loans.

My immediate thoughts upon seeing the RNS was exactly that of LaValmy's, that is, a difference of opinion going forward with regards to revenue and profit forecast.

Any fund raising would cause me to sell "at least" half of my holding unless it was backed up with a contract announcement.

kalkanite
20/12/2016
11:27
as long as the placing is at 45p or above...no probs..He usually throws in a webcast to pacify...not even that this year..as you say TP fund raiser on cards.
hjb1
20/12/2016
10:05
change of broker can often herald a fund-raising as the new broker eagerly claims it's pound of flesh.
I hope that won't be the case here and certainly ST is no push-over in these matters.

the prophet
20/12/2016
09:47
SRT has moved such a long way from being just a supplier of sophisticated AIS kit. The purchase of 3 D Geovis allowed the company to develop its MDM offering. We should not underestimate the brave bosses of Bahrain who were prepared to put their necks (perhaps literally) on the line and buy the SRT system. Their confidence has been rewarded and they can strut around to their fellow coastguards around the world and say 'Look at our spectacular Rolls Royce of a system'. Envy causes many emotions. However, from SRT's perspective we have this fantastic shop window with Bahrain wanting to show how clever the system is to all and sundry (probably not Iran). The US fleet is based in Bahrain, I wonder what the Yanks think?. Now Bahrain is being offered the Rolls Royce SS (Super Sonic). For a fee it can bolt on Radar and CCTV to the SRT hub. Will it want the ultimate version? By now they have confidence in SRT but do they want to be first? If Bahrain goes for it, it takes SRT into the super league. The SS version of the MDM hub will provide visibility of earnings for many years and makes it an irresistable target for the big players to fight over. Just imagine that you are the seller of missiles. If you own the SRT MDM SS, you offer the complete package. Your customer can identify the bad guys and take them out with your missiles. We all know that fighter pilots are yesterday's people. This is the future of warfare.
countryman5
20/12/2016
07:06
Not quite the sort of RNS I was waiting for.

Probably a spat about forecasts and enthusiasm.

lavalmy
17/12/2016
23:04
Such cynicism a week before Christmas! The infant Trump will change all that.There will be (if not already on course there)so many boats in the China Sea without AIS but carrying gold, myrrh and unfortunately all sorts of other gifts if he keeps up his comments about Taiwan.

Indian business has always been a closed book. I assume that SRT has decent local distributor(s) that understand the way the market/culture works. It's not just about the kit, that is world class. Look at some of the kit our own services have had to put up with over the last 40 years at least, when there were far better (and often cheaper options) available and the end users all knew/had to put up with it. That's not just bureaucracy! However,even a relatively small chunk of the business there would have a large impact on SRT's bottom line.

What else is out there with Mexico, S. America, the Philippines, Saudi, Oman and the ME generally? No idea where we are with the US and EU mandates. Slow burners? Not even going to consider Russia and China. Is there anything going on in European waters (offshore)? AS ever thoughts welcomed.

2vdm
17/12/2016
17:17
still better than being in with and dictated by Merkel ,Juncker.Tusk..anyday!!
hjb1
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