Srt Marine Systems Share Discussion Threads

[hjb1] 01/3/2017 12:33

hey Alter, who you talking about, surely can't be me?

[oldscallop] 01/3/2017 12:13

My thanks also to TP and other contributors to this generally well-conducted and balanced board. Like a number of small-company, technically based shares this one is taking an age to mature and there still seem to be some potential bear-traps along the way. In common with some other companies any interruption to newsflow (EG no ST webcast for a long time) increases the worry factor. I seem to have been holding SRT for years now and must confess to top-slicing at 50p when it was on the way up. Remembering that this time last year IQE was in similar doldrums I'm content to hold at least to the results.

[hjb1] 01/3/2017 12:10

anyone know why the webcasts suddenly stopped?

[yump] 01/3/2017 11:32

Actually, did anyone post around 60p that the share price was way ahead of events/results ?

Respect to them, if they did, but I suspect they don't use ADVFN and just sold quietly.

Worst part is you look at your potential tax bill and think: well I'm sure it won't drop back 50%+ like some shares did in 2000, so no point in risking the tax. Then you see it drop back 30%, then 40%. Oh dear, bad memories coming back - time to get out on the bike...

[hjb1] 01/3/2017 11:04

oh dear!, am I getting under some people's skin with a dose of reality??

[kalkanite] 01/3/2017 10:50

Nice post Homeboy, I think what you have said is probably in the back of all our minds and I agree that negative posts are as important as positive.

What is annoying is repetitive negative/positive posts that have no substance or value to them. On many boards we get the cheer leaders everytime the share price goes up and then the opposite. There is a certain poster on here continually repeating the same thing as if we have not thought through both sides of the story and thinks that he needs to keep telling us until we all say yes you are right we never thought about that! It's bloody annoying. I think however if you look back at the posts on here you will find a well balanced discussion thread interupted by a certain person shouting the exact same thing time after time, several times a day.

To think that we investors are just looking at this company through rose tinted glasses is a very low opinion. We need to be aware of both sides of the arguement and yes I do worry that the Indonesian deal will lead to nothing as it is a very large part of the reason for investing here. But the lack of updates on this, whilst a concern, does not neccessarily mean that the project has been abandoned.

There have been other positives....

Trinity House
SRT, the global provider of maritime tracking technologies, products and turn-key system solutions, is pleased to announce that it has received an order for AIS Coast Stations from Trinity House in the UK for deployment as part of the UK's growing AIS network monitoring and management capabilities......

Panama Canal
SRT, the global provider of maritime tracking technologies, products and turn-key system solutions, is pleased to announce that it has been awarded a contract to supply the Panama Canal with its GeoVS maritime display and data management VTS system......

Saudi Arabia
SRT, the AIM quoted provider of maritime domain awareness technologies, products and solutions, is pleased to announce that it has received an initial order and first payment for the supply of AIS vessel monitoring transceivers for deployment in Saudi Arabia. The order will be s‎hipped during the current financial year.

The order is part of a national initiative which is expected to see up to 70,000 locally registered boats continuously monitored to enhance maritime security, safety and management......

While these have been small they are a widening uptake of SRTs technology. If the Saudi Arabia announcement is the start of a 70,000 AIS order then this in itself will become a very large delivery.

All ifs and buts I know, but it would take a brave investor to short this company.

[philburt] 01/3/2017 09:39

The Prophet - I think the other have said it all. Thanks and all the best for the future! Phil

[billbyrne] 01/3/2017 09:12

The same from me TP, thanks for your informative views over a long period.
Like alter ego I wish you well with however you intend using your valuable time.

[alter ego] 01/3/2017 08:15

TP, we will all miss your willingness to share knowledge and set the tone for this board. Whatever it is you intend to spend your days doing, I wish you well.

[goodapple] 01/3/2017 08:08

TP, will miss your informed views and posts. Hope you might reconsider.
Presume you will remain a holder for at least the medium term?

[yumyum] 01/3/2017 08:01

TP, wish you all the best. Many thanks for the thread and your informed posts.

[yump] 01/3/2017 07:40

I think vultures is being a little complimentary.

I'm not sure what you call people who only post when things have not gone as other people hoped.

They certainly never post when the share prices are high, saying 'well done', or 'this is too high', with reasons.

That's way too scary, because everyone will have a pop at them when the share price is overblown, whereas you can never be criticised for spouting the bleedin' obvious.

So 'well done' to them for spotting that currently things are not as we hoped for and that surprise, surprise, the share price has dropped off.

[crystball] 01/3/2017 06:47

Thank you TP for all your contributions over many years. We all hope SRT survive and deliver. The vultures are circling it seems.

[the prophet] 28/2/2017 23:52

There's some fair points in some of the above posts.I for one didn't expect us, yet again, to be sitting here with almost zilcho news a year on from the 'biggie' and waiting to see if we will make the numbers.The difference this time, I feel, is that SRT have an actual order that they are working against, as opposed to waiting for an order to drop and trying to complete some or all of it before the period end.Whether the 'deliverables' will be delivered this f/y or next remains to be seen, but I'm not a lover of all this will they won't they stuff, been going on too long, imo.I'm also a tad disappointed that we have not seen any other significant projects kick off so far, despite upbeat noises on that front in the interims.SRT are a lovely company and a great bunch of people, but it's time they stuck a few years of decent figures together.On a separate note, just to give notice that tp (ie moi) is hanging up his posting boots in about a month. Other things to do, may well look in from time to time, but you may need a new thread starter as I will be unable to maintain this one. Cheers!

[hjb1] 28/2/2017 23:04

goodapple, ha ha! wake up to reality, jeeez! I think homeboy has it spot on..

[goodapple] 28/2/2017 22:48

You're hjb1, and I claim the £5

[homeboy] 28/2/2017 22:28

Been a while since I posted on here.
The share price has moved up considerably most likely on hopes of this large contract, however, it must also be remembered that shares in issue has increased from 5 years ago due to dilution, so the value here has already exceeded the value from years ago and is looking rather rich if they dont deliver the deliverables.

In someways although SRT has been beavering away and making lots more shiney toys to play with, they still dont seem to be translating this into cash from sales. SRT is still barely profitable and looks likely that this year might give another shock.
Correct me if I'm wrong but hasn't core sales been eroding so badly that they now lump mandates in with it as well and that figure is still shrinking?

So they now have one big project to save the day and guess what, it's starting to look like all the other projects, mandates and wot nots.... Big news story, fan fare, relatively small initial order and then it all dries up. Whatever happened to Mexico by the way?
This recent project appears to be going exactly the same way, and there seems no news to inform investors of progress - ah yes, forgot, it's all secret and they cant tell anyone what a government is doing... hmmm, they can leave out the detail surely and at least comment on expected order progress.

I suspect you'll all be treated to a profit warning and maybe a cash raise, only 4 weeks to go, getting a bit tight to squeeze something in doncha think?

Track record at SRT has always been lots of promise, zero delivery, hype and raised expectations and then silence. Having an order book changes nothing here, isn't it odd with all these super duper projects out there that no money is evident, it's not unreasonable to expect to see some real money coming in. Nothing has changed financially since I last posted on here, just another news story that's all.

SRT same old dog, just a different day, best wishes all, think you'll need it.

[hjb1] 28/2/2017 20:58

Tucker seemed certain that we would have "significant deliverables" this half..He has just a few weeks left!!


"First half revenues were derived almost exclusively from the core business of individual vessel transceiver shipments. During the period there was material progress with several projects which will result in the completion of significant project deliverables in the second half. Upon completion the Company will make further announcements and provide market guidance accordingly".

[yumyum] 28/2/2017 20:18

you tell me !

[hjb1] 28/2/2017 18:31

as we know govt's can alter or even cancel orders without notice.I will wait until the money is banked in future.Anyway what has happened to all the others that have been imminent for years?

[yumyum] 28/2/2017 18:10

hjb1...it depends a bit how you view the Indonesia deal. If you believe that will flow through over the next 3 years, let's say, with a reasonable percentage in y/e March 2018 then I think you have to say SRT have performed pretty well on securing project business....and not really underperformed (on the understanding that government contracts are always prone to delay).

[hjb1] 28/2/2017 16:45

yum, that's part of the problem...it's always next year, and it never seems to come does it? Anyone who looks back over the last 6/7 years will see it peppered with failure to meet expectations.Told years ago that Srt was going to be viable on run rate alone,(£10m) huh! still hasn't got anywhere near it,the list seems endless.