Srt Marine Systems Share Discussion Threads

[yumyum] 01/2/2017 14:54

I may be a seller beyond £1. Buying at 38 or 41 is not so different if selling above £1.

I am surprised how strong is the price in fact. No news....price should be collapsed more?

[hjb1] 01/2/2017 14:23

YUM, you need to buy more as the share price has just gone down..lol

[yumyum] 01/2/2017 14:02

hjb1, I decided just now to buy some shares at 40.1p.

There is no news...that is disappointing....but I think there will be news (good) one day soon. I hope so anyway. SRT do seem to be in a good space. Even with little news I feel they will survive ok.

[hjb1] 01/2/2017 13:57

anyone getting a bit twitchy with the total silence from HQ.Seems like an eternity since the last bit of decent news.Just hope Tucker has something very good in mind to offset the dismal revenue that now seems likely.

[countryman5] 31/1/2017 14:36

Article in the Guardian re fishing in Bay of Bengal

[yump] 27/1/2017 13:29

I'm stunned by the share price. Out of all my investments, I would have put a bet on SRT being the least likely to flatline, for more than a couple of days at a time !

Weird that it is stuck on exactly 40p, half way between bottom and top, although totally impossible to value atm. I guess charts hold sway until there's something material to bust them.

[the prophet] 27/1/2017 12:58

good spot re the video link ee, well worth looking at.

[eagle eye] 27/1/2017 12:20

Here is the new SRT website.
Well done to everyone at SRT for doing such a professional job.



There is a particularly interesting video link here:

[hjb1] 27/1/2017 12:11

I think you can forget the £12m forecast, and by a country mile imo, or will the next RNS be telling us of a whopper deliverable/contract.....or the dreaded warning??

[goodapple] 27/1/2017 11:59

Just had a brief scan of new website. Very slick, and illustrates just how far SRT has travelled in a few short years in terms of product range.
Shareholder patience still required but will be rewarded soon. IMHO DYOR etc etc

[owenski] 27/1/2017 11:53

Hi, all websites to be shortly combined into just the one as I understand it.

However, as said, we're waiting to see the colour of the money, cutting it fine to make the 12m forecast at this rate, and I was expecting to see more than 12m.

[hjb1] 27/1/2017 11:06

yes, it's a bit confusing.The newer one is pretty good though.

[the prophet] 27/1/2017 11:02

hjb
have put the new web-site link in the header

[the prophet] 27/1/2017 10:57

cheers, see what you mean
I usually look at this one, which is just the same as usaual



maybe they need just one web-site or something....

[hjb1] 27/1/2017 10:54

TP, it looked new to me, maybe because I haven't looked for a while @ srtmarine.com

[the prophet] 27/1/2017 10:44

just looks the same to me, hjb, anywhere in particular jazzed up or perhaps I'm just looking at the wrong bit....

fft, hear what you are saying. The differences this time around, as I see it:

1) We are not waiting for an order as such, as we have an order book of £70m. We are waiting on SRT completing a 'deliverable' and being able to invoice once delivered.
That indicates, least to me, that SRT are more in control of the process than , for example, trying to chivvy an order along and the complete or partially fill before a year end.

2) The language used in the interims or TU, that substantial deliverables 'will be delivered' in the 2nd half or words to that effect. Unfortunately that is no guarantee, but it does at least indicate everyone, broker, nomad, SRT, were convinced at the time the statement was made.

So none of the above is any guarantee that forecasts will be met this f/y, but perhaps it gives a higher chance that in previous years when we were wating right near the end of the f/y for an order, and then that order had to be shipped.

I would like to see this bit from the interims come into play, as it is vital for taking away all the will they won't they stuff that we seem to get every year

'However, we expect that SRT will soon have multiple projects underway which we hope will provide a natural hedge in regards to revenue timings across our reporting periods.'

[hjb1] 27/1/2017 10:25

well at least the website has been jazzed up a bit..

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[philjeans] 27/1/2017 08:42

'Tis true the silence is deafening.

And, strangely, has been for several months.

I'm just hoping they're working very hard on another biggie, and obviously daren't say a word yet until the deal is signed off.

Either that or they're in takeover talks and, again, constrained to keep mum.

The rhetoric at the AGM last year is in stark contrast to announcements since.

[countryman5] 27/1/2017 07:58

Those of us who have attended AGM's will recognise the expertise and dedication of senior management (and also other members of the SRT team). I regard their remuneration as being relatively low. However, I suspect that there has been an understanding that when the 'pot of jam' arrives there will be compensation. I regard the 'pot of jam' as being turnover of £50 million pa. Shareholders will be rewarded with a share price in excess of £1 and senior management will receive a share bonus but direct remuneration will have to be addressed by the remuneration committee and also take into account underfunding during previous years when cash flow was tight. The BOD will also have to address the 'Lav question'. Dividends, share buy back, or both.
Will the new contracts be in US$, Euros or sterling? Should the company hedge currencies?. The US$ is set to rise if Trump carries out his promises but he wants a lower $. Will the US buy foreign bonds to drive the $ lower? Will sterling regain some of its losses? Can the euro do anything except depreciate as the euro area problems mount?

[hjb1] 26/1/2017 22:11

but I am very funny..lmao..anyway how do you know I didn't mean lots of luuuurve!

[yump] 26/1/2017 21:58

The lol is a giveaway - it always follows posts where someone thinks they are being funny, but they're not and inwardly they know they're not, so it makes them feel better; its a kind of parallel to that song by Alanis Morissette about irony that's just an illustration of bad luck, that is in itself ironic.

Now where did I put me pint ?
lol

[kalkanite] 26/1/2017 17:37

hjb1

You said...

"oh and I think it's vsp, India is part of the VSP just like many others that might never happen.
Don't suppose you thought you would end up with egg on your face when you woke up today eh? lol"

I prefer not to indulge in small minded point scoring but if you look at the 2016 AGM SRT refer to Validated Sales Opportunity Pipeline, whether you yourself prefer to refer to this as VSP or VSOP is meaningless so could you please refrain from trivialising what is otherwise a very good investment thread?