Srt Marine Systems Share Discussion Threads

[pinkfoot2] 28/5/2024 15:51

Supernumerary-I don’t think many out there saw the operational challenges that SCE has thrown at us and many more intelligent investors than me too.Its a terrible market to make mistakes and ask for money

[yump] 28/5/2024 08:40

I think its “just” confirmation bias having invested. I can only think of 2 reasons why it isn’t happening here.

[supernumerary] 28/5/2024 00:03

OT - sorry. My last comment here on this matter.

pf2 - you don't ramp? For myself I believe that if it waddles like a duck, quacks like a duck, and floats like a duck, then it's safe to assume - it's a duck.

Below are some typical examples of your SCE posts over the last several years. Worth noting that not only is this clearly ramping, it's also dead wrong, from start to end. But others can judge for themselves - spam or not? Valuable insight or not?

19-01-21 raise at 50p
pinkfoot2 19 Jan '21 - 18:39 - 4934 of 10740
I’m very bullish Longshanks-there is no ceiling on this company in my view

28-09-22 raise at 40p
pinkfoot2 28 Sep '22 - 19:02 - 6818 of 10740
I bought again in the Placing-great presentation and excellent Board.Price a bit disappointing given I’m a big holder already but it answers all the lingering capacity doubts for me.No glass ceiling now-race to the top

13-11-23 raise at 10p
pinkfoot2 13 Nov '23 - 17:20 - 8402 of 10740
Obviously couldn’t say much until now but I’m super confident now-and I’ve taken another big slug.Raising this cash answers all the questions-fill your boots guys

01-05-24 raise at 1p
pinkfoot21 May '24 - 17:59 - 9849 of 10740
All I can say is fill your boots-I have. Rotten market and poor performance but I rate the ops guy and Bundred is going

[pinkfoot2] 25/5/2024 16:59

I don’t ramp and SCE is all about production-SRT is all about contracts

[supernumerary] 25/5/2024 16:16

Fair's fair - you're doing it on sce, and they've got an awful lot more still to prove.

[pinkfoot2] 25/5/2024 14:25

Keep ramping CM-only a solid set of numbers is needed to keep the wagon rolling

[countryman5] 25/5/2024 13:39

Market cap of SRT is £41 million!

[countryman5] 25/5/2024 09:42

Lav states, quite rightly ‘The price will be straight back up again once they announce the start of the two contracts’. Knowledge of the start timing for these two contracts would be very ‘price sensitive information’. The Indonesia financing is being decided by Santander, UKEF and the Indonesian Ministry of Finance (MOF), Mr T will not know the exact date of the actual signing (electronically?) between the Attorney Generals? of both countries. There will probably be a ceremonial signing later. Both of these contracts have kit waiting in store to enable timely delivery of the monitoring equipment, in about 3 weeks, as the first milestones. These first milestones are high margin, because they include the SRT software and could deliver possibly £50 million of cash. The arrival of cash will be transformational in many ways. It will improve the credit rating of the company, allowing it to obtain better credit and purchase terms for CCTV, radar and computer equipment on future contracts. SRT has, and is acquiring an impressive reputation for the following:- 1. Delivering a sophisticated, reliable and effective monitoring system. 2. A cost effective system. An AIS based system is cheaper than a satellite-based system, with its high annual costs. 3. The SRT system is controlled by the host Country. Information feeds are not controlled by others. The SRT reputation is its best marketing tool. Coastguards and officials talk to other countries. I understand that the US navy recommends SRT because of its experience in Bahrain

[pinkfoot2] 24/5/2024 16:41

I’m relying on the RNS of 8/3/24 which stated they were maintaining the FY 24 revenue, albeit in the 15 months to 30/6/24.

[lavalmy] 24/5/2024 12:57

Has anyone been in touch recently to find out what is going on?

[pinkfoot2] 24/5/2024 12:43

We seem to have gone from a company quite happy to share all the good stuff ,in the spirit of openness ,to a vacuum of information, leading to pure guesswork in here

[fft] 24/5/2024 12:15

CM5. Why do think there is loads of cash ? What's happened to all the loan notes via the Cayman islands or wherever? Have they been paid off ?

[lavalmy] 24/5/2024 10:48

The price will be straight back up again once they announce the start of the two contracts - the current price seems to be discounting these. However, will they ever learn to give up their insane working capital management practices and only order goods when they have the final go-ahead?

[goodapple] 24/5/2024 10:08

But the list of substantial holders isn't long - and they may all be in the phone book.
What price would interest them is the question.

[eagle eye] 24/5/2024 10:03

There are hardly any institutional investors, so not so easy to make a few phone calls and raise the white flag.
Didn't think I'd ever see 20p again, but then I doubt the directors did either.

[pinkfoot2] 24/5/2024 09:30

CM-it’s low for a reason.There is a lot of hope in the current share price but all could change in next 5 weeks

[wynterwilde] 24/5/2024 09:25

C5

TRT, but I fear you may have missed the bus.......

[countryman5] 24/5/2024 07:43

I regret to conclude that the current low share price will probably mean that SRT will join the increasing list of UK companies that are swallowed up by others, It is not as if the company is short of cash. Far from it. Who will be the victor? We know that Ocean Infinity made an approach last December, but was allowed to buy a stake. I suspect that the two companies have been working together recently on joint projects. Airbus would be in the frame because SRT is winning contracts which it would want.
There are numerous global defense companies where SRT would make a good fit. There is also Private Equity which would run it for a couple of years, fatten it up and sell it on again. We will all get our money back, and more. However, I was hoping to own a slice of a major British success company. Question. Where to invest the proceeds?

[pinkfoot2] 22/5/2024 14:16

Unfortunately accounting periods don’t wait for apples

[pugugly] 22/5/2024 12:37

Or when it is rotten and being destroyed by Asian (or American Hornets -Yellow Jackets)

[countryman5] 22/5/2024 12:31

As everybody knows, or should know, the timing of these mega contracts is not in the control of SRT. The apple will drop when it is ripe.

[pinkfoot2] 22/5/2024 09:19

Yes CM but how long and how many more raises/warnings?Even you must be concerned about changing a year end just before the year end!

To be fair to ST, he is incredibly hardworking but the results are not yet there.Another warning in June would be a disaster

[countryman5] 22/5/2024 08:53

SRT has successfully established itself as the global leader in AIS transceivers. It is seeking to extend that portfolio with its Digital Aton Systems (DAS) which are mounted on buoys. This is an enormous global market. It has invested a great deal of time and resources in developing NEXUS, which is now undergoing final trials with a launch due in September.
For those who have researched this company, you will know that it has been focusing on the Marine Domain and developing an innovative 3D system that allows countries to monitor vessels near its borders. There are fishing and coastguard monitoring opportunities for SRT's technology. SRT is up against the likes of Airbus, which are competing for the same multi million dollar contracts. SRT, has won contracts with Bahrain, the Philippines, Indonesia and another ME country. Anybody who understands this global systems market will know that timing of contracts are decided by events beyond the control of SRT.

[fft] 22/5/2024 04:02

And don't forget the options exercised back in 2016 (?) on a 10 day share price spike despite being aware that payments weren't being received from a contract that was shortly cancelled with a large impairment cost to SRT.