Srt Marine Systems Share Discussion Threads

[loobrush] 13/4/2017 10:07

Great News I especially like this bit

" we have also seen excellent progress with a number of our validated sales pipeline opportunities moving closer to contract and thus revenues and I look forward to updating the market in due course when they convert."
There is a lot to come here and I think that the start of 3 month updates is so they can announce these orders and also say how well they are doing.
Luckily I bought in at 31p however I see SRT easily going past last years high as the weeks pass-indeed could multibag depending on orders they get in. It will be interesting when the announce how much work is now in hand.

[parsons4] 13/4/2017 10:04

Great news the ongoing turnover and profits must be way ahead of the year just gone because of the contracts announced only !!! I am hanging on to this one.

[philburt] 13/4/2017 09:23

Like many, I remain cautiously optimistic for 2018/19 onwards. Hopeful that it will dovetail nicely with my 2020 retirement plans! lol
IMO, SRT are slowly becoming that rare beast, a reliable and undramatic AIM share!

[philjeans] 13/4/2017 09:20

Glad I've been such "a berk" all the way down; and still buying today.

Has the capability to be a multi bagger unless we're snapped up first.

[yump] 13/4/2017 09:13

From the 'excellent progress' comment it does look as if there might be a steady stream of buses arriving - lets hope we get jam in jars and not a jam at SRT dealing with everything.

Apologies for the above - couldn't help it.

[yumyum] 13/4/2017 09:11

I agree kalkanite. If 'excellent progress' translates shortly into one or more new projects under contract then there will three (or more) contracts running concurrently. That should put pretax profits for the year ending March 31 2018 at over £10m in my opinion. SRT share price looks seriously undervalued. It is below the radar still (should use satellite AIS!). I look forward eagerly to house broker finnCap's profit forecast.

[kalkanite] 13/4/2017 08:52

A positive update today. Nice to see the words “significantly ahead of market expectations“ albeit from a low profitability to what is to be expected over the next 2 years. Either gross margins or FX appears to have helped the PTP figure, it will be interesting to see which one it is. Also reassuring to see the following...

”During the year SRT has made significant progress across all our business segments, OEM & Module, em-trak, and Systems, delivering high quality products and solutions to customers across the world. Notably, in addition to those projects under contract and recently signed, we have also seen excellent progress with a number of our validated sales pipeline opportunities moving closer to contract.....”

The reintroduction of the webcasts will be very welcome and should allay any feelings that these have been stopped because SRT have something to hide.

Look forward to the update on 2nd May

[yumyum] 13/4/2017 08:28

May 2nd webcast should help towards that target.

[yumyum] 13/4/2017 08:18

Future looks good. Targets for the CEO to collect more share options are 75p and £1.25. Looks on the cards.

[yump] 13/4/2017 08:08

I wonder how many folk are kicking themselves for not buying more on the low - I am, although being too overweight is not really a good thing in a portfolio. Had my last lot at 40p and its back there, so sitting on hands.

[trident5] 13/4/2017 08:05

Strong opening

[yump] 13/4/2017 08:05

Thanks to my excellent education I deduce its PBT:

Subject to audit, for the year ended 31 March 2017 the Company expects to report revenue of GBP11 million, which is ahead of last year and profit before tax of GBP1.2 million which is significantly ahead of market expectations.

I think PBT is the one that counts, seeing as so many companies use everything except that, often to avoid the truth.

[king kong dong] 13/4/2017 07:53

depends on the type of profit...which the dont say.

[yump] 13/4/2017 07:48

Well given that significantly higher profit figure on revenue that is a bit higher than last year, any increases in revenue are going to have a very interesting effect, to say the least.

[trident5] 13/4/2017 07:46

There was a loss before tax of £1.2m at half time, so strong profit generation in 2H.

[fft] 13/4/2017 07:22

That sounds a lot better than I was fearing.

Turnover at 11m is disappointing given the expectations of 9 months ago, but the cash balance is reassuring.

Maybe this year *will* be the year :-)

[owenski] 13/4/2017 07:20

Unfortunately they have still come in at below market expectations of 12m, which was a low ball projection considering the opportunities that are touted.

It would seem that they have had revenue intake of 8.3m in the second half which is likely to equate to a tad over 5m on project work - this is what has bumped the margins up so that profits are ahead, project work is higher margin than core.

Moving in the right direction but revenues are not as high as I'm expecting according to the expectations that SRT have given out to shareholders.

That being said, I believe it's just taken longer than expected but the evidence is here via the VoP pipe line and order book that we're moving towards higher revenue.

IMO

[broadwood] 13/4/2017 07:04

Simon Tucker, CEO of SRT said: "I am delighted to be reporting profits which are well ahead of market expectations. This reflects the benefits of our strategic decision in 2013 to develop a range of maritime domain awareness system solutions for ports, fisheries and coast guards.


During the year SRT has made significant progress across all our business segments, OEM & Module, em-trak, and Systems, delivering high quality products and solutions to customers across the world. Notably, in addition to those projects under contract and recently signed, we have also seen excellent progress with a number of our validated sales pipeline opportunities moving closer to contract and thus revenues and I look forward to updating the market in due course when they convert

[obiterdicta] 13/4/2017 07:04

On track TU.

[yumyum] 11/4/2017 09:48

...and a cash raising?

[hjb1] 11/4/2017 09:38

let's hope for one tomorrow then! As we have heard nowt so far then I expect income to be between £10.8m and £13.2m

[fft] 11/4/2017 07:19

Never seen an RNS released on Easter Thursday that was good news for investors.

Whatever it is they are waiting for, I wish they would just do it.

[cervin1] 10/4/2017 10:49

Countryman5.
Post 4811.

What makes you think that the recently received order wasn`t from Saudi Arabia ?.

[hjb1] 10/4/2017 09:03

yes, they will know the score @ 5pm 31st March rgds rev/income, so I suppose as we have heard nothing yet it must mean they are within the +/- 10% of forecast, which is good news!