Srt Marine Systems Share Discussion Threads

[countryman5] 02/2/2017 17:34

SRT is not a share for widows or orphans. If you want low risk buy something like BT or UK banks. I note moaning comments on this site. If shareholders don't like the risk sell up and take a profit. I believe that we shall be at £1 by the end of the year or 130 p if the takeover starts. I believe the story and the management.

[lavalmy] 02/2/2017 17:01

Indeed eE

I have been keeping an eye on both Qnective and Frequentis to see if there is any news flow from them in the AIS/MDM space and no there isn't. The latter, seen by Neil as their main competitor, still regales potential customers with the Oman story, the AIS component of which was provided by SRT. Qnective, the lead on the Indonesia deal and partners with Frequentis in Oman, did not involve them in Indonesia. SRT, quite unexpectedly, received an expanded part of the programme. Is that because the Indonesians decided that Frequentis, who have fingers globally in lots of things, are not as good? Or possibly Qnective, having worked with both in Oman, decided that SRT could do the job as well but cheaper or better at the same price?

[Edit: now corrected, but got the two wrong way round in the last two sentences]

[alter ego] 02/2/2017 16:39

hjb1, well that rather depends on whose "facts" and "reality" you're talking about. Most of your posts repeat the same mantra, that SRT are unable to sell their products and that nothing will ever come of any project or "opportunity" Your opinion, presented as hard fact is always right and anyone who disagrees or presents anything that might be seen as positive is rubbished for believing in fairies, or hype or told "it's never going to happen".

The fact is that despite "not being able to sell anything", in the last couple of years SRT have sold equipment to Bahrain, Qatar, Philippines, Trinity House, Panama Canal, West Africa, Saudi and Indonesia. We all agree it could be better but a more balanced view would recognise that SRT are not losing these "project opportunities" to competitors. Lead times are proving longer than expected. Given the well appreciated issue of getting signatures on the contract from governments, I for one have a more understanding attitude than you and don't look to blame anyone.

We are all entitled to our opinion but we've heard yours ad nauseum but that does not make it fact. It would be nice, if like many here you actually posted something we don't know that helps us understand the company we are invested in.

[hjb1] 02/2/2017 16:31

hey Laval you need to keep up pal, another one with head in the clouds.lol
Just putting a different spin to the oh isn't everything going well on this forum.They havn't got their head in the clouds over there.Anyway shouldn't you be having your afternoon nap, or have you had it and woken up in a bad mood..lmao.

[hjb1] 02/2/2017 16:14

hey yump, not quite sure what planet you're on pal? come back when you've landed back on this one.
Eagle, facts and reality are usually worse, that's why people prefer to listen to the hype.

[eagle eye] 02/2/2017 15:48

hjb1, Glad to hear that you enjoy generally moaning and that it isn't financial pressure that is impacting your psyche.

[yump] 02/2/2017 15:46

Where are the posts with people thinking this year's forecast would get smashed ?

Perhaps you had it in your head. I think the rest of us have just been thinking we've waited long enough for a tangible large contract, so a while longer won't seem long to wait.

I seem to recall however, plenty of discussion about the back end loading of the contract and at what point in the next couple of years profits would start to flow properly and also how to place a value on the business, as the first couple of years would be modest, followed by a big jump.

Your approach reminds me of a recent chat in the pub where the idea of nationalising the railways was greeted with a comment about 'look what happened when they were nationalised - look at British Leyland'. Because of course things are exactly the same now as they were in the 70's. Yeah right, so lets not bother.

Its those bees buzzing around in one's bonnet. They drown out anything else.

[hjb1] 02/2/2017 13:16

yes but the forecast was supposed to get smashed wasn't it?, supposed to be such an easy soft target wasn't it? piece of cake, wasn't it? No probs we all thought,.. hmmm!
I just can't see £7m+ deliverable coming in for this year end..hope I'm wrong, we will find out soon enough.

[the prophet] 02/2/2017 12:51

regarding the £12m at end of March, whilst I agree it's open to speculation, I would suggest with an order book of £70m, then a relatively modest deliverable against that order book of £7m or so should secure the forecast.Whether we get it this f/y or next, I don't know, but it is, imo, not unreasonable to suggest the £12m could be made.

[the prophet] 02/2/2017 12:48

No problems, hjb.
I'm taking the view that we are already doing work for phase2 and that no news will be released regarding phases, only when we have delivered deliverables.
I could be right or wrong on that, but that is my understanding from the feedback I've been getting.

[hjb1] 02/2/2017 12:45

eagle, you were going well until you said the £12m by end of March.I think I've cracked a rib falling off my chair laughing!And no I have a very modest amount in here now so no probs there, not stressed just fed up that once again at this point we are at the very same position we seem to have been for year after year.

[hjb1] 02/2/2017 12:39

I certainly expect an RNS stating that first phase has been a success and they are moving into the next phase as it's material imv.As we have not had this news then I take it that we are still in phase one, which is still very much the talking about it part.
Until we get some news that they have moved into phase two then this contract is still risky and could well be cancelled like others have been before.just my opinion of course.

[eagle eye] 02/2/2017 12:30

hjb1,
I'm sure you aren't the only person frustrated by the lack of newsflow, but its worth remembering that SRT has come a long way over the past 2 years.
The big opportunity then was the US mandate (and what happened to that) plus moving AIS boxes through third party distributors.
Fortunately management figured out that national mandates were a big opportunity in their own right. I think the game changer was GeoVS which solved the problem of integration and display, while moving up the value chain.
Bahrain was installed and has been a great showcase for SRT. Read across Panama Canal. Credit where it's due, SRT has appears to have positioned itself well in a fast growing industry.
In hindsight, paying 40p six years ago was a big leap of faith. The opportunity cost over the that time has been very expensive, but the business has evolved and is in far better shape now.
Maybe your portfolio has an overweight position in SRT, which is out of kilter and is causing stress. I'm sure you aren't the only person with this issue.
Hopefully SRT can muster up £12m by end of March and then we can all go back to sleep again LOL.

[the prophet] 02/2/2017 12:24

hjb

I think it is wrong to say:

'The Indo deal will ONLY continue if first phase is passed...atm it isn't so deal up in the air,'

Unless you know that the first phase has not been passed?
My understanding is that these contracts just roll on, yes, there are building blocks to be put in before the next bit can be done, the same as in any contract. But I don't expect SRT to give us a running commentary of exactly where they are at.I expect them to release news once a 'deliverable' has been delivered and comment at that point as to how everything is going.

[hjb1] 02/2/2017 11:46

hey yumpy, suppose you believe in fairies too? you certainly fell for the "conveyor belt" line, amongst all the other stuff..lol.The Indo deal will ONLY continue if first phase is passed...atm it isn't so deal up in the air, might not be a second or third phase for all we know, don't forget all the other govt deals that have been on the cards for how many years now, and many totally cancelled, so chickens, counting and hatch spring to mind.I will believe it when the money is banked and not before.

[yump] 02/2/2017 11:14

Bad education system evidence again this morning, with the guff about 'Reality' from hjb1.

The REALITY is that there WAS lots of promise and no decent contracts and now there has been a very large contract announced.

The reality in someone's head doesn't necessarily match that.

fwiw people were losing faith below 40p in October and again twice in November. There is absolutely no way of knowing whether anyone is losing faith more now than then.

Personally I have a lot more faith now at 40p with a big contract, than at 20p with not much happening.

Then again Aliens might land tommorrow - if they are not already here and issuing executive orders willy-nilly.

[the prophet] 02/2/2017 10:50

fft

hear what you are saying.
fwiw, I have spoken with SRT on this aspect a while ago and they said that the different phases is the same in all projects, it's just this one is a lot bigger. They also said all projects are dependant on the previous bit/phase being succesfully executed.
But I do take on board what you are saying, it's not unreasonable for investors to want more of an update, given the size of the project and the current almost total dependency on it, least for near term figures. From SRT's point of view, I think there is a desire not to say anything until there is something worthwhile to say, I can understand that as well.
I'm going with no news is good news in that any untoward changes would have to be reported immediately.

[fft] 02/2/2017 10:44

TP,They haven't announced different phases of projects before, but afaik, this project is 10 times larger than any other project carried out before, which imho justifies a bit more of an update, especially when it was SRT that explicitly divided the project into 3 phases. Each phase being dependant on a successful completion of the previous phase.

[the prophet] 02/2/2017 10:39

Well, we've all got a free choice, the lovely thing about the stockmarket is we are all free to buy or sell and no-one forces us to hold.

[hjb1] 02/2/2017 10:36

alter, some call it negative, most call it reality.They have not delivered to the hype have they, it's not my fault is it? The share price was at 40p over 6 years ago.If you want to keep believing the hype and year after year failure then fair enough,some don't fall for it.

[alter ego] 02/2/2017 10:29

I think we need to be aware that sometimes, people who rubbish a company on a message board are just be "talking their own book" and looking to help the price in the direction they want it to go. Whether or not this tactic has any useful effect is doubtful but for me, the acid test is whether or not that person believes what they say and sells their holding. Maybe, they have "a few coppers waiting for the bad news and usual share price collapse"

I wouldn't give their negative opinion much respect or bother to debate it if that were the case.

[the prophet] 02/2/2017 10:19

ps, charts looks on the cusp, not sure if it's a great buy point or on the edge of a cliff!

[the prophet] 02/2/2017 10:18

hjb
I don't think that is correct or fair. I don't think SRT have ever made 'toys'. Look at the Identifier, they have more or less created a new market. Look at the order book, £70m, and the vsp, £200m.
Where they have a problem is in meeting investors expectations, always a tricky one and made more tricky by SRT being very open and investor friendly (usually, hjb!).
Ok, yes, they have been over optimistic at times, the £10m run rate being one of several examples.But, on the other hand, the products and offering have evolved way beyond what any of us would have thought a few years ago.
But bottom line for investors is the bottom line and SRT need to produce a few sets of decent accounts to match the rest of this high quality story. imo. I think they will.

[the prophet] 02/2/2017 10:12

SRT have said they wil deliver significant deliverables this year, so until I hear anything to the contrary, I'm going with that.
imo, they won't announce they are on phase2, I don't think they ever have done that on other projects? My understanding is they are already on phase2, working through a section of that, each section is a 'deliverable'.
But I can well understand hedging your bets and dropping a few to see what happens.