Share Name Share Symbol Market Type Share ISIN Share Description
SRT Marine Systems 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
  +0.00p +0.00% 43.75p 42.50p 45.00p 44.50p 43.75p 43.75p 26,068.00 12:53:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 10.7 0.4 0.3 128.7 55.83

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Date Time Title Posts
09/12/201608:07SRT Revenues-Future Opportunities & Drivers (SRT)3,962.00
09/11/201608:06Software Radio Technology-global AIS growth company9,332.00
13/8/201612:28Software Radio Technology6,306.00
14/12/201520:37Listener tip of the week is an award winning tech small cap with, "50% upside"5.00

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SRT Marine Sys Daily Update: SRT Marine Systems is listed in the General Financial sector of the London Stock Exchange with ticker SRT. The last closing price for SRT Marine Sys was 43.75p.
SRT Marine Systems has a 4 week average price of 40.33p and a 12 week average price of 41.80p.
The 1 year high share price is 59p while the 1 year low share price is currently 18p.
There are currently 127,612,419 shares in issue and the average daily traded volume is 488,584 shares. The market capitalisation of SRT Marine Systems is £56,149,464.36.
lavalmy: kalkanite Sorry, yes I meant averaged for each year over the three. It is extremely unlikely that it will be smooth, but certainly should underpin the share price. If you take the harsh view that a p/e is not appropriate to value these sorts of one-off projects, it still totals almost half the current share price. The big unknown, though I am confident there will be some significant earnings, is the recurring stuff which will not really be visible until some of these are fully up and running. I could certainly see Indonesia netting $4-5 million for SRT annually. Somewhere around $25 per boat, though it would probably be couched differently. Otherwise, the forecasts are stale as we know and SRT seem very wary of putting out meaningful ones. This is understandable given previous history as well as the relative size of the potential numbers and vagaries as to timing. And unfortunately many do not bother to do much in depth research, or if they do, only when some screen has flagged up something of interest. I can't see that happening currently for SRT. Having said all that, I am reasonably sanguine about my double digit EPS forecast for next year and the years beyond. Sure, as you say, some years may be bumper ones and if the market gets carried away as a result I would probably sell some of my holding. I would rather hold to see the recurring revenues build. I have no qualms about seeing those turn into double digit EPS as well and of much higher quality. I am yet to be convinced that the leisure market will take off and Vesper seem to be a strong competitor there, so I see the recurring revenues as replacing the project revenues over time.
davidosh: I am fully behind fft on this one. I also do not like zero price options as that means directors do not have to commit any funds whatsoever. That is made even more extreme when based on a share price for just 20 days. What is wrong with the old system where directors committed longer term by investing their money or took reasonable bonuses in shares which keeps them committed and aligned with shareholders ? It should be a privilege to be a director and equally to be a long term investor in a well managed company. The two need each other so should respect each other. Many investors found SRT over ten years ago and the average will be seven or eight years like me. It came to market at 35p and there have been numerous placings so a fairly bumpy ride.... Software Radio Technology plc ("SRT" or the "Company") was today admitted to trading on AIM in conjunction with a placing which raised £4.04 million (before expenses). The market capitalisation of the Company at the placing price of 35p per share is £24.17 million. This followed in 2007.... The Directors of SRT, the AIM-quoted provider of TETRA and AIS solutions to the communications and homeland security markets, are pleased to announce that the Company has carried out a conditional placing through HansonWesthouse of, in aggregate, 9,523,810 new Ordinary Shares at 42p per share. We now have almost 130,000,000 shares in issue which is nearly double the number of shares than when it came to market so there is much dilution to consider and if directors only advise us six months after shares have been given away in these schemes how do we know what we are investing in. We should know what directors are awarding themselves before not after the event !! The first target in any remuneration scheme should be at least a 5% annual return over and above the price of the highest fund raising IMO so that would be at least 75p not the 50p giveaway price. Just my thoughts as a long, long term investor.
fft: Having had a meteoric share price rise, which miraculously meant that the share price averaged over 50p for a 20 day period the directors are now hundreds of thousands pounds richer.The share price is now reversing. I just hope that no share price manipulation is discovered. It has been elsewhere in this kind of situation.It is so stupid of SRT and especially the remuneration committee to allow this situation to have happened.Yes, the directors deserve to be rewarded. But not with options based on share prices which have already vested because the chair of the remuneration committee couldn't be bothered to sign it off ! It didn't need ST or the other execs to sign it.
yumyum: VSP over 3 years is over £200m, plus up to $100m order book over 3 approx £270m? Or is the $100m still part of the VSP? How much of that VSP can be nailed down to firm orders? Fifty percent would mean £33-45m per year. If that is achieved then SRT share price should be well north of £1 as soon as there is another decent order (which could be imminent).
yumyum: One can possibly detect a new found resilence in SRT share price.
the prophet: hjb my view is LaV could be right re the £1.50, not sure when we will get there, but, imo, £1.50 and beyond is definitely 'on'. Why? These MDM projects are looking a lot bigger than the VSP pipeline indicated. It seems , and how nice is this, SRT might have down-played things with the £100m VSP or whatever it is. Ok, we've only got the latest 'biggie' just signed, but, assuming it is Indonesia, the value is a significant uplift on the figures given at last years agm presentation. And it is not a lone cases, others include Ecuador, substantial multi uplift, Mexico, large uplift. I'm sure there are or will be others where the value gets uplifted. Then there is ABSEA, ok, we're not earning anything from ABSEA yet and we are not sure of the pricing structure, but on indonesia alone ABSEA could be worth £1/share to SRT. imo. Might be a lot less, who knows, but its just one country. And take EE's 1m small vessels tracked by the end of the decade. If that comes to pass then you can work out the anticipated effect on the SRT share price, could be anything from a few quid up to £5 or £10, and that's not including the existing business. Pie in the sky with the shares at just over 30p? Who knows, but its all heading in the right direction and I can see plenty of scenarios where LaV's £1.50 looks 'cheap' imo, as ever,please dyor
yumyum: SRT share price was 34p a year ago. 27p is not exactly great!!
crystball: It may be tempting to consider buying at the current low SRT share price. If there is a substantial order RNS, then of course the share price on market opening will be considerably higher. I would rather miss the initial rise following an announcement and then add further to my holdings. To do otherwise is simply a gamble.
henjay: sorry, this is what's on my page;still don't know what you are on about? yes I will sleep very soundly. SRT Share Price Company name: Software Radio Technology plc. Current share price: GBX 20.62
the prophet: DJT Don't be such a woosy, decent link, for a change. There, happy. Can't quite run to the $4,650, not at the current SRT share price! As they have not mentioned the dominant supplier of transponders, I would question the value of the report! That looks a bit of an oversight, as they include ExactEarth, whose 'strategic partner' is SRT. Whoops! Oh well, I'm sure they know what they are doing. Can't see any mention of Identifiers or ABSEA in the report either, perhaps SRT's dominant market share is all a mirage and EE's targeted 1m by 2020 using ABSEA is wishful thinking.....or the other guys ain't going to know what's hit them. be interesting to see which way it goes.....
SRT Marine Sys share price data is direct from the London Stock Exchange
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