Srt Marine Systems Share Discussion Threads

[yellowdog] 06/10/2016 08:41

Down, down , down.......

[kendonagasaki] 06/10/2016 08:31

Simon tucker seems to know how to spin big fat whoppers?Looks like they only have 8 months of cash left IMO.This is vastly over valued IMO.

[napoleon 14th] 06/10/2016 08:29

Totally underwhelmed & happy I sold two weeks ago.

[donemyhomework2] 06/10/2016 08:12

Some nice chunks of buys at 25k lots will soon bring it over 40p again.

[clarkey26] 06/10/2016 07:53

Agree vague update, no webcast mentioned and no real statement from ST compared to previous updates. Say will update guidance when project milestones met which I assume might be sooner rather than later but just says second half, surely wouldn't wait to end of this period for more guidance.

Cash position remains the same as last update but not much to get excited about, feels different in tone to other updates.

[fft] 06/10/2016 07:48

Terrible first half sales. No one forecast that low !

[expletive deleted] 06/10/2016 07:46

Dismal numbers on their own, but the key point is the use of the word "will" in the third paragraph. That implies a confidence about the imminent conclusion of major project commitments that we have not seen before.And, exbroker, cash is not remotely tight.

[goodapple] 06/10/2016 07:41

LaVal: Here comes your buying opportunity?

[extrader] 06/10/2016 07:35

Hi all,

Cash seems a bit tight....

ATB

[trident5] 06/10/2016 07:34

Wow - this is about to get painful.

[philjeans] 06/10/2016 07:24

Sounds like good news to me!

[donemyhomework2] 06/10/2016 07:14

".... Significant project deliverables"

[drw1] 06/10/2016 07:14

Vague trading update following shareprice fall.
Hardly confidence inspiring?

[2vdm] 05/10/2016 22:11

Thanks LaV.

[lavalmy] 05/10/2016 10:50

No, they don't source parts from Hungary. The products are assembled there, and billed to SRT in US$. As are the components.

WRT to third party kit that SRT supplies, they also work in US$.

I think the whole of the Indonesian deal is at c50% margins.

[2vdm] 05/10/2016 10:30

Don't we source our parts from Hungary and presumably will be paying in Euros. Not sure what % of the Indonesian deal is for hardware which carries a high margin (50%?)I know it's not just "selling boxes", but would be useful to know. Perhaps a question to ask ST at the next broadcast, hopefully soon?

[kalkanite] 05/10/2016 10:01

The price rise may be due to the "penny" dropping on the fact that the GBP is so much weaker.

When the Indonesian deal was announced in March of this year at $100m the conversion rate to GBP was £70m. The GBP rate today is now £78.56m, if profit margins of 50% are achieved as targeted then that is a significant appreciation in profits without having to do anything extra.

[yump] 05/10/2016 09:27

Agree with that entirely. In the absense of figures or RNS's it wouldn't be surprising to find the share price tracking resistances, supports and channels, as nothing else to go on.

[crazycoops] 05/10/2016 09:20

I believe SRT were a technical buy around the 40p mark and I guess that has now been "confirmed" with a decent bounce off that level. Of course, it might indicate a good TS is coming too, although historically, SRT has not been a leaky company.

[loobrush] 05/10/2016 09:12

Ithink tick up may be temporary-so be careful as only a small number of trades are causing a commotion-not news.

[philjeans] 05/10/2016 08:48

I think there might just be the chance of some good news in the T/S due shortly.......

[goodapple] 05/10/2016 08:37

Flicker of share price action. Has someone spotted ST at Heathrow in his best suit with a Saudi Arabia ticket in his hand?

[the prophet] 05/10/2016 01:48

Good points , LaV

[philburt] 04/10/2016 16:13

Thanks LaV.
Not that it was me worrying....lol