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% 36.00p 35.00p 37.00p 36.00p 36.00p 36.00p 36,367 07:51:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 11.0 1.2 1.1 31.6 45.97

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SRT Marine Sys (SRT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-10-18 15:02:0135.152,009706.16O
2017-10-18 12:43:0035.601,000356.00O
2017-10-18 11:32:3835.6623,5558,399.71O
2017-10-18 11:20:4535.66750267.45O
2017-10-18 10:56:2135.665,0001,783.00O
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SRT Marine Sys (SRT) Top Chat Posts

DateSubject
18/10/2017
09:20
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 36p.
SRT Marine Systems has a 4 week average price of 35p and a 12 week average price of 32p.
The 1 year high share price is 56.25p while the 1 year low share price is currently 29.50p.
There are currently 127,702,419 shares in issue and the average daily traded volume is 712,246 shares. The market capitalisation of SRT Marine Systems is £45,972,870.84.
12/10/2017
15:19
juzzer100: Here's the email:After another disappointing trading update, it's time to sell SRT Marine. SRT Marine makes "black boxes for boats": gizmos that identify boats, and show their location. At the moment, the oceans are a free for all. Nobody knows which boats are moving in and out of national waters. Coastguards want boats in their jurisdictions to install black boxes, like those made by SRT, to keep an eye on everybody.And SRT has landed some big contracts from foreign governments, like those of Bahrain and Saudi Arabia. Other overseas governments have made positive sounds about kitting out their fleets with SRT devices. The "pipeline" of "potential" orders is huge: "a £77m contract order book... a validated pipeline of new sales opportunities worth up to £270 million". In the context of a £50m small cap, these are big numbers. But having said that I've decided to sell SRT, for a 26% loss.SRT has always had loads of potential. That's not in doubt. It makes the best kit of its type in the world, and some big customers are showing interest. The problem is that sales are excruciatingly slow in coming through. At some point you have to ask whether these orders are just pipe dreams.As I said the last time I reported on the company, "SRT has been spinning this yarn for a number of years now. Certainly for a few years before we invested in the stock in March last year. And it trades on a punchy multiple of 6 times sales, so a few of these future deals are already baked into the share price." As ever, the CEO Simon Tucker is confident. He says "we have several projects which are either pending or under contract, therefore we look forward confidently to the second half of this financial year." I don't share his confidence. If SRT were going to do it, it would have done it by now. Time to SELL SRT Marine (AIM: SRT).
25/7/2017
11:50
astralvision: hjb I hear what you are saying and it's a view that has some credence given SRT's patchy performance over the years. But I would like to present the case for. First, re your questions, no-one has been laid off re coping with new contracts. Perhaps it is not generally realised but you can't just turn on a switch when you get a new deal on board and have folks up to speed and dealing with all the detail in the blink of an eye. On the other hand clearly you don't want folks twiddling their thumbs. SRT run a tight ship in that regard, a lot of work has to go into these contracts before you get them. Yes, there is always a risk of not getting them and that will cost money, but that is the cost of doing business. Right now there are a number of staff working flat out on contracts in the Middle east and the Far east and other territories. One particular contract is the Middle east is a follow on contract (actually there are two that fall into this category) and, imo, it is almost inconceivable that SRT won't get these deals barring WW3 or something, but timing is always a tricky beast. Re Indo deal and 'Tucker clap trap', well, as you probably know, the Indo deal is not directly administered by SRT, but by Qnective with SRT as a sub-contractor. It is very unlikely to collapse, as the re-scoping work has all been done and agreed and the project is now in the final stages of being signed off. Yes, until it is finally and completely signed off there is always a risk, I would think that risk is more of a delay as any further additions or deletions are made to the contract. And these things have to be signed off by multiple parties, so not quite a 'done deal', but not too far away from it either. Qnective have every reason to get the deal agreed, I think it's more important to them than SRT, although I appreciate SRT shareholders are not concerned about that aspect. Onto Tucker 'clap trap', well, yes, we all know there has been past misplaced optimism, but forecasts have been met over the last couple of years and Mr Tucker has successfully guided the company into becoming a systems provider with a complete range of world beating AIS products. This has all been done with not too much dilution and the breadth and depth of the opportunity currently exceeds anything in SRT's history. I think that is a good achievement and Mr Tucker has more than played his part in that. In fact he has been instrumental. Timimg, as I mentioned, is tricky. Bit I would say a couple of things. Project value It is noticeable that the average project value has increased enormously over the last few years, as SRT are now providing far more than transponders in boxes. A few years back a £3m or £5m project was a decent deal. Now the typical or average deal value in the VSP is something in the region of $20m. Project numbers There are currently two project contracted, with a further 14 projects in the VSP. Worth noting that the VSP is a changing list, for example India and Mexico have dropped out of the VSP as they no longer meet the strict criteria (budget approval, I believe) but India and Mexico still remain very possible projects. Anyway, the depth of projects and the advanced nature of a number of these lead me to believe SRT have a very bright future. There are four projects valued at £60m which are in the final stages before contract. I think there is a more than reasonable chance at least two of these will come in before year end. We are not too far away from the 'holy grail' of multiple over lapping running projects and with a good pipeline behind those. When that happens it would not surprise me to see a share price several multiples up from the current levels. imo.
17/4/2017
09:03
countryman5: I suspect that the company is trying to balance different interests. It wishes to keep the market informed about financial prospects and yet it has to allow its customers confidentiality. It also does not wish to disclose to one customer what it has charged another. I suspect that the recent vague announcement regarding a ME country will become the norm for future major contracts. If I remember correctly, at the 2015 AGM we were told that there was a validated sales opportunity pipeline VSOP(three year)of £200 million. Shareholders reached for the salt cellar. At the 2016 AGM the presentation stated VSOP of £200 million plus an order book of £70 million. Will the company inform the market with regular upgrades of order book and VSOP, rather than stating size of each contract? Just read an article in the Economist about Aadhaar in India. Apparently 99% of indians have an identity number based on their biometric identity. India is clearly ahead of the world with this and we are told that SRT is in the running to supply identifiers on fishing boats to prevent another Mumbai attack and also to control fishing. Could each identifier be linked to the iris of the fishing operator? The world is fast changing and SRT is in the lead with AIS technology. PS. What will be the SRT share price at 8.05 am on June 7th.?
13/4/2017
09:11
yumyum: I agree kalkanite. If 'excellent progress' translates shortly into one or more new projects under contract then there will three (or more) contracts running concurrently. That should put pretax profits for the year ending March 31 2018 at over £10m in my opinion. SRT share price looks seriously undervalued. It is below the radar still (should use satellite AIS!). I look forward eagerly to house broker finnCap's profit forecast.
06/6/2016
09:00
yumyum: VSP over 3 years is over £200m, plus up to $100m order book over 3 years...so 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).
17/3/2016
16:05
yumyum: One can possibly detect a new found resilence in SRT share price.
16/3/2016
18:46
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
10/3/2016
16:04
yumyum: SRT share price was 34p a year ago. 27p is not exactly great!!
22/1/2016
21:14
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.
12/1/2016
20:56
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
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