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% 32.50p 32.00p 33.00p 32.50p 32.50p 32.50p 502,007 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 5.3 -5.2 -4.1 - 45.42

SRT Marine Sys Share Discussion Threads

Showing 23151 to 23174 of 23175 messages
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DateSubjectAuthorDiscuss
19/10/2018
20:37
We have learn't this week that the US coastguard is going to install SRT's new class A via Raymarine in 2000 boats. Once the Coastguard starts to install SRT kit how many US boats are there in the other 'blue light' agencies? These services include Police, ambulance and fire but obviously the police sector will be the largest. Around the whole of the US could there be 100,000 of such boats, or even more? I imagine that there is a close relationship with the US and Canadian coastguard. How long before Canada starts using the kit? If I remember correctly Simon spoke about a 'couple' of potential large OEM contracts in the offering. I assume that the US Coastguard is the first one that he was referring to.
countryman5
19/10/2018
15:38
Almost missed this hTTp://europa.eu/rapid/press-release_IP-18-6127_en.htm 'Next steps The Commission is now submitting to the Council the proposals for signature and conclusion of both agreements. Once authorised by the Council, the agreements will be signed and presented to the European Parliament for consent. Once the European Parliament has given its consent, the trade agreement can then be concluded by the Council and enter into force. The investment protection agreement with Vietnam will be ratified by Member States according to their respective internal procedures.' Yellow card to be fixed soon?
lavalmy
19/10/2018
15:17
exactEarth just got a soft loan from the Canadian government of CAD $7.2 over three years starting last February and repayable over 15 years from 2023 (if they still exist). The share price is up accordingly by 72% to 43 cents. Doesn't mean that they have a business but keeps the wolf from the door. Possibly eases the going concern issues, though of course the cash inflow is directly met by an increase in debt - they may avoid having to raise equity. They do have to pay Harris US$3 million a year once all the satellites are up as well as %age of revenues, so as I say it is still debateable if they have a business that will succeed. There aren't going to be any more big ships mandated to have Class A devices, most of these ships are tracked by multiple sources already and who actually needs to know where they are every second via satellite so much that they are willing to pay for it? The Class B tracking I regard pretty much as SRT's patch, and most of that via base stations in any case. Plus being able to make sense of it all, the VMS catch reporting and all the rest.
lavalmy
19/10/2018
13:54
9d/boa - agreed. Certainly no criticism implied in my post. We all have different needs and concerns....
philburt
19/10/2018
13:14
9d- Don't apologise for exercising common sense or prudence. We've all done it at times and regretted not doing it at others! Good luck, and I hope that it was not necessary this time, but never regret it.
boadicea
19/10/2018
11:16
9d - I'm a bit more of a contrarian / black swan kind of investor currently. All my 'speculative' investment money is in SRT alone! Sh*t or Bust, I think it's known as! lol (not for widows & orphans, results may vary, DYOR etc...)
philburt
19/10/2018
11:13
9d - Don't worry, I suspect they'll be hovered up in no time :)
philburt
19/10/2018
11:02
Another bit of core OEM business yet to start is the JRC agreement. It looks like their existing model, the JHS-183, is from 2013 - so SRT inside is yet to come. No idea how significant their AIS sales were, but they only have Class A.
lavalmy
19/10/2018
09:55
sorry guys just had to sell some to average down in this volatile market place . Too exposed but sadly timing probably awful
9degrees
18/10/2018
22:01
...cannot even count the eggs yet, supernumerary. Egg jam? Chicken jam ? Hmm..
yumyum
18/10/2018
20:49
I dread the sound of chickens being prematurely counted...
supernumerary
18/10/2018
18:57
So the new thread title once it all starts happening will be: GEOVS will put this into ORBIT Note obligatory use of capitals ;-)
yump
18/10/2018
18:32
If these contracts start to arrive and all of the hard work of the SRT team delivers, the market will eventually recognise the forward revenue streams created by satellite data sales and also the constant upgrades that the systems will have bought into. If the Geovs hub remains ahead of the game and globally unique, no one will be able to compete. There is an enormous potential for work beyond the current VSOP. This will be a rare example of Warren Buffet’s ‘moat’. It is also worth noting that because SRT controls the Geovs hub all feeds, cctv,radar, satellite and any other later feeds have to pass through SRT hands. SRT takes it’s generous cut on all equipment sales. When the contracts start to arrive the share price will respond accordingly but let us not forget that the SRT team will have a heavy workload delivering on our behalf
countryman5
18/10/2018
17:41
It is all jam tomorrow. I understand that. :-)
yumyum
18/10/2018
17:41
I think in the UK a high multiple depends on a share becoming trendy with some recognisable buzzwords involved, as well as delivering earnings growth. Call me a sceptic if you like, as I am. Although there are plenty of examples of mundane earnings growth where multiples have been very high eg. IQE. So once the earnings start growing here, can we 'prime' ST to use a few bits of jargon to capture the interest of the investment community ? Any ideas ? The Internet of Things being applied to millions of boats... PS it doesn't have to be accurate
yump
18/10/2018
17:37
In May 2018: £132.5m | 7 Projects in specification phase £167.5m | 11 Projects in planning phase £119m | 10 Projects in procurement phase Plus Philo 2 - $30m ?
yumyum
18/10/2018
17:32
Trident, I agree of course. A p/e of 30 in due course is perhaps not beyond the realms of plausibility. I believe Bahrain was underpriced so maybe should actually have a high multiple. The main point is that so far Bahrain has barely been repeatable. Once the £400m+ and growing verified sales pipeline actually looks plausible (which so far it concretely does not)...so ONCE = IF = WHEN (hopefully)...then I think the show is on the road. With regular per boat income mounting up and multiple projects on the go (lets say 5 in 2020-21) then let's be positive and optimistic on a high p/e multiple.
yumyum
18/10/2018
17:21
High p/e ratios? It kind of overlooks that the key sales are rather one off in nature - what earnings multiple would you place on profits of the sale to Bahrain? I think the case could be made that it should be somewhere in the range of 1 to 2.
trident5
18/10/2018
17:17
Let's believe that we are FINALLY on a roll. Two contract signings before Xmas and one before March 2019, booming transceiver business (well...let's say 20pct growth p.a.), more contract signings in 2019-20. Profits, debts payback, share buyback. LaValmy, £30m turnover and £7m profit is conservative but fine by me and I think we can achieve that for 2019-20. Philburt, you (and I) would settle for £1 a share tomorrow...BUT...when we have £30m turnover and £7m profit.....then I would not settle for south of £2. EC, yes. Absolutely. Too right. Fully agree.
yumyum
18/10/2018
17:03
YumYum - I'd probably settle for half that! Not one to be greedy.... :)
philburt
18/10/2018
16:27
YumYum Or of course they could be earnings enhancing at that level to someone with higher rated paper, such as FLIR. It would be a shame though, and lets hope they can get to a high rating themselves. Your £7 million could probably be achieved on a turnover of £30 million, given what we know of margins, overhead and tax rate.
lavalmy
18/10/2018
16:04
Haha...."...once we have an e." ...fair point LaValmy. And a very valid idea. Profit of £7m....pe of 50 = mkt cap £350m = share price of £2.38 (147m shares in issue).
yumyum
18/10/2018
15:12
Just as an aside, FLIR has a market cap of close to $8bn and trades at a p/e of 65. Last year's post-tax profits were $107 million. They have made 10 acquisitions in the last eight years, the largest in 2010 for $265 million. Once firing on all cylinders, SRT might want to think about listing over there. I think we would all be happy trading at a p/e of 65, once we have an e.
lavalmy
18/10/2018
12:46
scroll down and it's about 2.40 in....Looking for maybe 55p hTTps://www.share-talk.com/share-talk-bulletin-board-heroes-18th-october-2018/?utm_source=twitter&utm_medium=social&utm_campaign=SocialWarfare
hjb1
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P:41 V: D:20181020 08:49:12