Srt Marine Systems Share Discussion Threads

[philburt] 09/1/2017 15:35

Yum Yum - yes, I agree, risks are expected. Without them, it'd already be £1. 😊

[yumyum] 09/1/2017 15:11

Lavalmy, yes it does seem simply very thin. Not really a short-term trader's share at the moment.

Philburt....I am not sure I am very sensible ! I do think there are still big risks in SRT. The jam could end up as slurry !

Best wishes to you and all for 2017.

[philburt] 09/1/2017 14:57

Yum Yum - circa 2M shares, eh?
Im always reassured by a share where sensible sounding folk have a big stake.
You, TP and Lav, to name but a few.
Puts my mere 160k shares in good company!
GLA in 2017 and beyond...

[lavalmy] 09/1/2017 14:12

I imagine that you have just nudged it up - we'll see if any of my alleged sellers take note.

[lavalmy] 09/1/2017 14:11

YumYum

The impression I got when I was buying for my sister-in-law was that the lack of liquidity cuts both ways - in that sellers seem to be lurking, waiting on purchasers to show up. In all the little flurries of action in the last couple of months, some on reasonable volumes, sellers bring out buyers, buyers bring forth sellers and the share price does sweet FA but sticks at c40p.

Of course, on real news ...

[yumyum] 09/1/2017 13:25

I am trying to buy a few shares now...I had sold a few but still have over 2m....it seems there is not much selling at these prices. With news they should rocket pretty quickly.....with good news anyway !

:-)

[philburt] 09/1/2017 10:36

The share ownership profile should ensure that we are not bought out cheaply in a takeover.
I expect to see a minimum of £1 per share this year.

[eagle eye] 09/1/2017 09:52

C5, The top ten shareholders own approx 55.9% of SRT, with the top 20 holding approx 72.5% (or 92.59m shares). These figures were correct as of 28th November, but may have subsequently changed.

[yumyum] 09/1/2017 09:41

Very interesting owenski. Thank you. The Jakarta Post has a long article today on fishing. Not obviously directly relevant to SRT but it shows how important fishing is.

CORRECTION: not so recent in fact www.thejakartapost.com/longform/2016/10/04/collateral-damage-in-war-against-poachers.html

[countryman5] 09/1/2017 08:45

Owenski.
Those on this board are fairly confident that Indonesia will eventually deliver. Your article identifies the importance of what SRT has to offer. I am anticipating that the size of this contract will grow significantly over coming years as SRT, which will be in charge of the hub, is engaged to add other intelligence feeds. We have had Bahrain as the first major installation and we await news of Bahrain mark 2, radar and CCTV. It appears that Indonesia will be the next major installation with many other countries starting to feed through with their multi million contracts. I have not done the figures but I expect that the 6 or 8 largest shareholders(including LAV) control nearly 50% of the stock. I believe that it is inevitable that SRT will be swallowed up in the very near future by a global defense player.
The information that SRT can provide to its customers is beyond value.

[eagle eye] 09/1/2017 08:22

owenski
Thanks for your excellent post which is a very informative read.

[owenski] 09/1/2017 07:45

A lengthy read but underscores why Indonesia has this MDM project.

[yumyum] 06/1/2017 14:47

Lucky then, not wise.

[lavalmy] 06/1/2017 14:43

YUMYUM

I think you may have been wise - the site I use to check the price, Google finance, has had a quite ludicrous number of tipsheets mentioning them, hence the levitation.

Their results will be out on the 19th inst. and should make for sorry reading. I will listen in if I can to the webcast. Last time I wanted to ask about the divorce from SRT, but something came up. It should give some colour on why India, whither Saffa, how is Ghana etc.

[yumyum] 06/1/2017 09:12

I sold my eE shares a couple of days ago. No real reason but buying a house and need some cash.

[eagle eye] 06/1/2017 09:07

SRT have their reason for moving from WHI to FinnCap, but WHI hasn't had much to shout about over the past 6 months, so its a bit unfair to be critical.
I agree with LaVal that some funding may occur, but at least dilution should be limited as we aren't in the in the dark days of sub 20p.
There is a big difference between requiring cash to keep the lights on or to fund working capital for a large contract.
FinnCap will publish a meaty initiation note at some stage which should drum up interest, but in my opinion its the figures that will do the talking and that is ultimately what will drive the share price.

[crazycoops] 05/1/2017 16:29

Thanks for adding some colour LaValmy. I still hold a decent amount which I am prepared to stick with long-term, although I prefer your shorter term scenario. I hope it plays out that way.

[the prophet] 05/1/2017 15:45

ok, more by luck than judgement found it, I believe total Saudi deal is expected to come in around $20m

[the prophet] 05/1/2017 15:44

don't forget we've had the announcement re Saudi starting. Whilst it won't be significant this f/y, I believe the total Saudi project is considerable. Will look it up when I get a chance

[parsons4] 05/1/2017 15:28

LaValmy I agree with much that you say, they must be signing other contracts soon also I do not think that W H Ireland were good enough for an international company like this one, it can only be positive. I have today topped up as I hold a much smaller number than a year or so ago, they should not yet be written off.

[lavalmy] 05/1/2017 14:55

Crazycoops

No doubt most holders share your concerns about the lack of news and most will have been here before, several times. However, despite repeated optimistic outlooks not having been realised, I am pretty convinced that things are on track.

The Indonesian contract has almost £80 million to go in just under two and a quarter years, if the initial timetable still holds. The last phase of this will allegedly be the biggest, involving the supply of gazillions of Class B transponders. SRT do not, as far as I am aware, have to fit them, just to ship them and they are paid/revenue recognised. So even though there has been no movement since Phase One, it is still on the cards for these revenues to be realised within the initial timescale. Adding a £5 million run rate for other stuff, and you get double digit earnings just for this contract over the next two years. Sure, some might slip out further, but we can also be pretty sure that several other sizeable contracts will be signed and started as well. My £1 forecast is based on some of these being signed and news on the timing and scale of the next phase of the Indonesian contract before year-end.

It is getting later, possibly too late, for any significant new contracts to be delivered in time for year-end, although they did pull a rabbit out of the hat last year to make the numbers.

The change in Nomad still intrigues me. I wouldn't at all be surprised if they needed a bit of funding but would expect that to occur in the midst of a lot of drum banging from finncap, along with new and exciting forecasts. finncap haven't been burnt by SRT's forecasting record yet and no doubt Simon can be relied on to convince them that it is different this time. Which, of course, it is!

[alter ego] 05/1/2017 11:45

oh please.... keep it factual. We don't want this board to end up like all the others with everyone ramping/deramping and devoid of real information

[srtshare2] 05/1/2017 11:28

Heading for 36p.

[yumyum] 04/1/2017 16:40

£1 by March means then £1.25 and beyond by Xmas (for the share awards). finnCap recommended buying SRT last year when price was 48.5p. Would be interested to know if they have a new recommendation.