Srt Marine Systems Share Discussion Threads

[the prophet] 15/11/2016 15:16

Far too low, good point!

[rivaldo] 15/11/2016 15:15

Worth noting that the m/cap here is now almost exactly £50m. £50m!

Just sayin' :o))

[countryman5] 15/11/2016 14:47

When a webcast is announced, that would suggest that the next deal has been confirmed and might well be an opportune moment to buy. However, you might not be the only buyer.

[the prophet] 15/11/2016 13:44

Many thanks EE, very informative

[eagle eye] 15/11/2016 13:33

I contacted SRT today regards abbreviations used in today's RNS.

Vessel Monitoring System:
VMS - system with functionality customised for fisheries monitoring and management.

Vessel Tracking System:
VTS - system with functionality customised for ports and infrastructure.

MDM - national scale integrated maritime surveillance system for coast guards - but also includes VMS and VTS modules.

All the above comprise of the same elements: vessel transceivers / sensor stations / network management and display: just different functionality.

[the prophet] 15/11/2016 11:22

2vdm

I think the strategy is only to do a broadcast when there is something more to discuss, perhaps when a significant deliverable has been delivered and SRT wish to then update the market. That makes sense.

[2vdm] 15/11/2016 10:15

Hi TP, I'm also getting a bit confused about what is what.Would also be good to hear from ST soon. I think the last broadcast was in June and we had one in mid Dec 2015. Perhaps he can clear up some of these queries.

[the prophet] 15/11/2016 10:04

ok, I've got that, but isn't MDM also used for fishing fleets, so what is the actual difference?
And VTS, is that a fancy name for a few AtoN's and GeoVs?
Slightly confussed by the different nomenclature .
It does seem to change along the way, as soon as I got me head round 'core business' that changed to encompassing everything apart from projects. Clearly MDM comes under projects, do VMS and VTS come under projects and what sort of kit do you have to have in each for them to be classed as whatever?

I guess it's all unimportant as bottom line is the bottom line, and this kind of re-badging may well help with presenting the products to customers. Just that some of us poor old investors have to get our head around another set of abbreviations....

[hjb1] 15/11/2016 09:57

VMS is for fishing fleets!

[the prophet] 15/11/2016 09:51

Not absolutely sure what the differences are between MDM, VMS and VTS are. MDM's the all singing all dancing biggie, VTS is aimed more at ports/infrastructure and VMS, somewhere inbetween, whatever that is?.....
They all involve transceivers and GeoVS so not really sure what the difference is when it comes to shipping the stuff out and setting it up?.....

[the prophet] 15/11/2016 09:44

All looks as expected to be, good to see the tenor in the TU is repeated. Rogers is not known for mis-placed optimism, imo, and he says they have 'great optimism'.

As others have pointed out, 'multiple projects underway' is very desirable, it's what SRT have required for the last few years, so to hear this will be 'soon' is good news indeed. Add this to the ' we expect will result in the completion of significant deliverables during the second half ' and we should be in for a very good second half.
Lovely!

[lavalmy] 15/11/2016 08:59

It looks like they are preparing the ground for some proper forecasts, which would be nice, even if they end up being wrong - something I regard as inevitable. Though they probably will look to keep them very conserative.

The combination of '(we) will update the market with further announcements and guidance as project deliverables are completed and new projects commence' and the 'will soon have multiple projects underway which we hope will provide a natural hedge in regards to revenue timings across our reporting periods' would seem to validate that. They may not tell us who is doing what, but we are pretty good at guessing, and it sounds like they will continue to tell us of contract signings and their expected size as they come in, but keep with this 'deliverables' idea, at least for a while.

I still think it is largely irrelevant what they book in H2. 'We saw significant progress in a number of large VMS and MDM projects' suggests more than three are on the horizon, as well as other stuff getting closer, but the caveat seems to be 'once contracts are signed and work commences, the completion and therefore invoicing of project milestone deliverables can take many months due to component lead times, shipping and customs, and finally installation and commissioning.' It is a point I made the other day, but I reckon that once a number of large VMS and MDM projects are signed, the outcome will be a share price north of the magical £1 and earnings in the double digits for next year.

[kinbasket] 15/11/2016 08:22

I was hoping today would provide enough liquidity to flip some of mine between accounts but there is very little stock so far and the MMs have kept the spread wide.

Back to sleep I guess....

[goodapple] 15/11/2016 08:18

I take comfort from the " ....high profile orders for our VTS systems from.... a second large port in Malaysia."
I recall ST saying they were very happy with the first port. This is the sort of customer validation which carries weight.

[yump] 15/11/2016 08:13

Nomads, analysts, financial bloggers, pundits, institutions, 'shrewd' large individual investor 'known names' (as in the ones that are touted on BB's as being positive for a company or on other occasions, ones that are touted as being opportunistic asset-strippers)...

None exist to make anyone here any money.

[hjb1] 15/11/2016 08:06

last time I looked SRT were not Chinese!

[trident5] 15/11/2016 08:06

FFT - agreed - the NOMADS are utter clowns

[fft] 15/11/2016 08:00

Figures were as expected,. But the future based trading update was very thin. Indeed, virtually no change from the last one (cut and paste ?)Big question for me, as raised above, is whether any revenue from Malaysia port, Panama or trinity house was received in H1. If not, I would expect some of it in H2. If some was received in h1, than h2 may be underwhelming.And.... What kind of timescale is the Saudi contract over ? 1year, 2 years ?

[countryman5] 15/11/2016 07:58

SRT will soon have multiple projects underway'. The NOMAD would not allow such a statement without seeing the evidence to support it. The key word is 'soon'. The NOMAD allowed it. This is a good one for the poker players. When to buy? Leave it a day late and you miss 30% uplift. Buy today and it may be cheaper tomorrow.

[hjb1] 15/11/2016 07:54

crystal, totally predicted update, so we ALL already knew what was coming.were you asleep??

[hjb1] 15/11/2016 07:50

yes, the lemmings are hovering over the sell button already I expect, as I mentioned yesterday.A good buying opp coming up..lol