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
  -3.00p -10.26% 26.25p 25.50p 27.00p 29.50p 25.75p 29.50p 252,175 16:28:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 11.0 1.2 1.1 23.0 33.53

SRT Marine Sys Share Discussion Threads

Showing 22576 to 22599 of 22600 messages
Chat Pages: 904  903  902  901  900  899  898  897  896  895  894  893  Older
DateSubjectAuthorDiscuss
25/5/2018
01:40
It could be argued.., but not with any legitimacy.
glavey
24/5/2018
21:40
It could be argued that the disclosure of insider information by the Evening Standard (Their headline used the word secret) should not have passed the paper's legal team. It could be argued that as a result of the disclosure the share price dropped. If it transpires that the strike price for the placing is lower because of the inexcusable actions of the Evening Standard, I believe that existing shareholders might have a justifiable claim against the paper and its editor. The basis of the claim would be that new shares were issued at a discount because of the actions of the newspaper and the discounted shares undermine the value of existing shareholders. I believe the company's Nomad should address this issue with the paper.
countryman5
24/5/2018
21:32
I think it's safe to say that the share price will now drop to around 20/22p. Mr Tucker can forget the figures he mentions I'm afraid.They will work backwards from 20/22p, let's say 20% discount, so around 16/18p maybe. Hope I am miles out, we will soon see! I thought that £10m facility was set up for this very purpose, so why are they going cap in hand too? Yes, insiders selling out, this just stinks more and more. Some explaining to do here Mr Tucker..Not sure we will get a Rns Tomorrow though!
hjb1
24/5/2018
21:19
Amazing that insiders have been selling from 36p down. How do they got away so blatantly.
ramnik007
24/5/2018
20:46
If the leak is correct about 22p/25p and for a serial disappointer I would suggest money managers will try to go to 20p UNLESS there are non disclosed contracts in the bag and not announced for reasons of "trade/customer" confidentiality
pugugly
24/5/2018
20:04
I bought some shares today just in case!Anyway fellow investors have a look at AEG I personally think that it will multibag.Good luck here!
costax1654x
24/5/2018
19:47
I think the reporter and editor of that newspaper needs a rocket too imo!!
hjb1
24/5/2018
19:28
It is disappointing to find out in this way about a fundraising. I look forward to another RNS or a webcast to explain the reasons behind the fundraising. Also some contract news is long overdue.
crystball
24/5/2018
19:18
The share price will work it's way to the placing price one way or the other! I don't expect the share price to be back over 30p if the placing is at 20p or less. 'Only £5m being raised'?? Thought is was £6m. A big problem here is credibility, as ST has a poor poor record on delivery I'm afraid.
hjb1
24/5/2018
19:06
Evening Standards disclosing 'insider information'. George Osborne needs to get a grip. Obviously fundraising in progress. I assume that the RNS will give details of recent contract win and payment profile . Only £5 million being raised???Hopefully company will be selective on which institutions it allows to enter the share register. Hopefully only three at max so that they can each have enough shares so that they go into the market and become sizeable shareholders. The company is now perceived as a 'systems provider' rather than a 'black box shifter' and the fund raising presentation before various institutions / private shareholders will have raised the company's profile considerably. I expect the share price to be back above 30p after the RNS. Will it be tomorrow or Tuesday?
countryman5
24/5/2018
18:24
22p-25p hmmmm! wonder where the share price will start tomorrow??
hjb1
24/5/2018
18:00
Press speculation was in the Evening Standard https://www.standard.co.uk/business/smallcap-spotlight-secret-fundraiser-at-srt-marine-systems-a3847666.html As people have said it depends on the reasoning for the raise which is unclear, if it is not contract related then would have though might be at a lower share price as this is still above the recent lows. Raising at any decent level would probably have been difficult given history of postponed contract etc. Surely there will now be an RNS with more detail in the morning.
clarkey26
24/5/2018
17:01
It looks like they will try not to dilute too much by drawing on a bit more of the £10m facility. I have no problem at all with fund raising, .. if it's for the right reasons, like support a big contract for instance.After all that's why companies come to the Aim market isn't it?
hjb1
24/5/2018
16:50
fft What £10 million at full stretch? They have used slightly over £3 million. This is not a time for scaremongering comments. As for 'It is almost as if most of the turnover from 2016/2017 and 2017/2018 to date has not been collected', well ...
lavalmy
24/5/2018
16:50
well, there was hardly a stampede to sell.Only about 80k sold after the Rns.Probably happen tomorrow I guess!! MM gonna have fun tomorrow no doubt!
hjb1
24/5/2018
16:46
yump, It was only in Sep 2017 that they unveiled a 10m working capital facility. Given the low turnover, and not excessive expenditure, It is almost as if most of the turnover from 2016/2017 and 2017/2018 to date has not been collected. The accounts will be fascinating to read. I can see how a decent contract could need the extra 6m, but with the 10m facility at full stretch and increased dilution, it could well be that the poor SRT shareholder gets very little out of it. If the contract earned a crazy amount for SRT the ii's would queue up to participate at the shareprice last week, not hold out for far lower as others would be happy to take there place.
fft
24/5/2018
16:33
Well they'll have to announce a pretty impressive set of contracts to get much confidence back. They're actually raising and facilitating way, way more working capital than would be needed to just keep going at this level of turnover, so the 'cashflow issues' wouldn't actually arise unless there's a lot of work going on, or about to. The main issue is surely what sort of timing they can expect from debtors. If you need more working capital, that's not a problem if your debtors pay up on time - you can't actually run a larger business without a larger pot of working capital, especially one involved in lumpy projects. Sounds a bit obvious, but its very different from issuing shares just to cover endless 'technology developments'. We all know those companies - most of them never even make a profit for one year, or have proven products that have sold in any volume.
yump
24/5/2018
16:29
Stock shorting prior to a positive announcement that is likely to kick the share price up hard is a clever tactic.
fourseven
24/5/2018
16:26
at this rate they will be lucky to raise at 18p this time.Just as I was getting a bit more bullish here too, buying opp anyone????
hjb1
24/5/2018
16:25
The webcast cant realistically happen until the funding is in place, and the accounts are out.
fft
24/5/2018
16:22
There's still time for a May webcast to answer a few questions and calm a few nerves. Disruption of this routine would of itself be a cause for concern.
goodapple
24/5/2018
16:17
fft The notion that the receivables would be in by June was based on the expiry date of the new loan note, 21st June. When the company postponed the usual date of the accounts to the last week of July, the assumption was that they would not get the invoices paid until then, if indeed invoices have yet been issued. SRT have always cut it fine, in terms of both meeting targets and keeping financing, both debt and equity, to a minimum. They have always had a rosy view of the future but it looks like they got it wrong and perhaps would have been wiser to do equity (at 40p) back in September than debt. I don't know if ST has ever given a downbeat presentation and doubt he ever will. Disappointing that 3 years on from a low equity raise at 18p, they are back again and not for that much more.
lavalmy
24/5/2018
16:08
Didn't they raise £10 million in the Autumn for some satellite project? Rule One: Generate FCF. Rule Two: Repeat rule one. This Company goes up one ladder then goes down a longer snake, so after a recent ladder up from 20p to 35p, we are snaking down to 25p and probably below. Avoid. OD
obiterdicta
24/5/2018
16:07
Gustav, the contract they are not allowed to RNS ? :) More important is what happened the receiveables that were supposed to arrive by the end of june (as per posters on this board). It is a shame. The leaking of this placing will probably mean it takes place lower than 25p now I fear. ST actions in visiting Mello and giving an upbeat presentation must be questioned. He must have known a placing was on the cards, and it is almost as though he was trying to ramp the price to increase the placing price and reduce the dilution. Naughty if true.
fft
Chat Pages: 904  903  902  901  900  899  898  897  896  895  894  893  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180525 01:36:42