Srt Marine Systems Share Discussion Threads

[the prophet] 13/1/2017 16:44

ee, I can confirm re once it's announced it's no longer in the VSP. The VSP is then a rolling indicator of the relatively near term potential. I say 'near term' as in SRT 'near term', not next week!
From memory, that question was asked and answered at the agm.

[eagle eye] 13/1/2017 16:40

The VSP at the AGM in July 2015 was circa £200m. It was much the same last summer despite the $100m Far East contract announced in March.
Once announced, I'm under the impression that it's no longer included in the VSP,
but perhaps someone can confirm.
Agree with TP above. SRT's management team are far more approachable than many AIM companies and I have experienced quite a few.

[the prophet] 13/1/2017 16:21

Hi fft

I think the lack of recent web-casts is purely a function of not wanting to do one until there is something real and tangible to talk about, other than product development,how busy they are, the numerous potentials etc, which, whilst very useful, is perhaps not what most investors want to hear about.

As for 'embarrass himself', I don't really understand that comment. Yes, ST has been guilty of being too optimistic in the past, as he himself readily admits. Last years forecast was met,I hope this years will be met, although I hear and understand the likes of LaV who say that is not vital. And there are no forecasts out there yet for 17/18.
Regarding the VSP, 50% of whatever over a three year period,the bottom line on that to me is to expect very significant increases in sales t/o 'soon', hopefully in 17/18.

ST is never one to shy away from anything, so I am 100% certain the lack of a web-cast is purely down to preferring to have one at a more opportune time.

Just a general point, I would much rather have a CE like ST who is very investor friendly and the whole team go out of their way to give investors as much info as is reasonably possible and make themselves available than some who never say anything so they can never get anything wrong.
FWIW, I think all is good here.

[lavalmy] 13/1/2017 16:02

Incidentally, the VSP of a year ago did include Indonesia, but at the lesser amount of $50 million.

With all the waffle about it being 50% certain that it would be done or certain that 50% would be done in a three year period, it does not matter. 200% of one part of the VSP will likely be done in the next two years. The rest, whilst subject to the whims and vagaries of politicians et al, as AE states, will mainly have advanced significantly.

[alter ego] 13/1/2017 15:42

fft, what possible evidence do you have for asserting the VSP "is not going to happen in the next 2 years.?

I'm as frustrated as the next man at the slow pace with which negotiations/project discussions appear to be taking but like everyone else here, I know nothing about what is actually happening.

It's pretty clear that a lot of preliminary work has been done however so it's not unreasonable to believe that we might see the fruits of that sooner rather than later.

If ST doesn't have anything new to say, I suspect because of confidentiality agreements, then why would he have a webcast?

[fft] 13/1/2017 14:28

The prophet,In the past ST did webcasts with bad news, good news or no news. Hints were liberally dropped.As a long term holder, I do find it odd that he has slowed down. While there is a big contract out there, it seems obvious that the 3 year vsp as of a year ago (which did not include the big contract) is not going to happen in the next 2 years. I suspect there is a limit as to how much he wants to embarrass himself.

[the prophet] 13/1/2017 09:55

There is no 'halt to webcasts'. But there is also no point having them for the sake of it. Let's face it, the product update type webcasts are all well and good but folks want the 'juicy bits', so makes sense to do a webcast of the back of significant news that could benefit from more detailed description together with investors questions on the subject.SRT are working through the Indonesian contract and others in play. I'm sure there will be a web cast in due course and I look forwards to that.

[dolores123] 12/1/2017 19:16

There is no concrete evidence that ST has called a halt to webcasts. In fact why have a webcast if you know that imminently good news will speak volumes. WE do not know if good news is imminent - we can only hope but:-

1) The company's recent RNS were very positive - more positive than ever!

2) "the big contract" is massive and totally exceptional for SRT

Personally I reckon the pot of jam was stuck to the Saudi "contract" which unfortunately came in as an initial order rather than a 20/30 million contract! Heyho!

So yet again the "timing differences" continue to delay SRT's potential growth.

A second contract for circa 20 to 30 million WILL cement SRT's position and that is what I am waiting for.

But the "big contract" is a godsend! An update in March/April would be useful.

[hjb1] 11/1/2017 13:31

wonder why ST has called a halt to the webcasts?

[philburt] 09/1/2017 15:35

Yum Yum - yes, I agree, risks are expected. Without them, it'd already be £1. 😊

[yumyum] 09/1/2017 15:11

Lavalmy, yes it does seem simply very thin. Not really a short-term trader's share at the moment.

Philburt....I am not sure I am very sensible ! I do think there are still big risks in SRT. The jam could end up as slurry !

Best wishes to you and all for 2017.

[philburt] 09/1/2017 14:57

Yum Yum - circa 2M shares, eh?
Im always reassured by a share where sensible sounding folk have a big stake.
You, TP and Lav, to name but a few.
Puts my mere 160k shares in good company!
GLA in 2017 and beyond...

[lavalmy] 09/1/2017 14:12

I imagine that you have just nudged it up - we'll see if any of my alleged sellers take note.

[lavalmy] 09/1/2017 14:11

YumYum

The impression I got when I was buying for my sister-in-law was that the lack of liquidity cuts both ways - in that sellers seem to be lurking, waiting on purchasers to show up. In all the little flurries of action in the last couple of months, some on reasonable volumes, sellers bring out buyers, buyers bring forth sellers and the share price does sweet FA but sticks at c40p.

Of course, on real news ...

[yumyum] 09/1/2017 13:25

I am trying to buy a few shares now...I had sold a few but still have over 2m....it seems there is not much selling at these prices. With news they should rocket pretty quickly.....with good news anyway !

:-)

[philburt] 09/1/2017 10:36

The share ownership profile should ensure that we are not bought out cheaply in a takeover.
I expect to see a minimum of £1 per share this year.

[eagle eye] 09/1/2017 09:52

C5, The top ten shareholders own approx 55.9% of SRT, with the top 20 holding approx 72.5% (or 92.59m shares). These figures were correct as of 28th November, but may have subsequently changed.

[yumyum] 09/1/2017 09:41

Very interesting owenski. Thank you. The Jakarta Post has a long article today on fishing. Not obviously directly relevant to SRT but it shows how important fishing is.

CORRECTION: not so recent in fact www.thejakartapost.com/longform/2016/10/04/collateral-damage-in-war-against-poachers.html

[countryman5] 09/1/2017 08:45

Owenski.
Those on this board are fairly confident that Indonesia will eventually deliver. Your article identifies the importance of what SRT has to offer. I am anticipating that the size of this contract will grow significantly over coming years as SRT, which will be in charge of the hub, is engaged to add other intelligence feeds. We have had Bahrain as the first major installation and we await news of Bahrain mark 2, radar and CCTV. It appears that Indonesia will be the next major installation with many other countries starting to feed through with their multi million contracts. I have not done the figures but I expect that the 6 or 8 largest shareholders(including LAV) control nearly 50% of the stock. I believe that it is inevitable that SRT will be swallowed up in the very near future by a global defense player.
The information that SRT can provide to its customers is beyond value.

[eagle eye] 09/1/2017 08:22

owenski
Thanks for your excellent post which is a very informative read.

[owenski] 09/1/2017 07:45

A lengthy read but underscores why Indonesia has this MDM project.

[yumyum] 06/1/2017 14:47

Lucky then, not wise.

[lavalmy] 06/1/2017 14:43

YUMYUM

I think you may have been wise - the site I use to check the price, Google finance, has had a quite ludicrous number of tipsheets mentioning them, hence the levitation.

Their results will be out on the 19th inst. and should make for sorry reading. I will listen in if I can to the webcast. Last time I wanted to ask about the divorce from SRT, but something came up. It should give some colour on why India, whither Saffa, how is Ghana etc.