Srt Marine Systems Share Discussion Threads

[goodapple] 23/6/2017 08:16

A small rabbit maybe, but its good that the order has come from the United Nations FAO.
Indicates that they recognise SRT's products and systems for Somalia's needs, including satellite data.
The UN will have plenty of other states on their books as potential customers if this one works out well.

[goodapple] 23/6/2017 08:08

Bang on time..... a small rabbit.

[hjb1] 22/6/2017 10:40

yes, Tucker will want to get some feelgood news out there before the AGM.Helps to ease the pressure on the day. Might be a good time to buy a few because I reckon it's odds on we will get something soon even if it's financially insignificant like the two you mention.

[goodapple] 22/6/2017 09:41

Hoping for a rabbit (or two) to emerge from the hat before the AGM in a couple of weeks time. Last year it was Trinity House and Panama Canal which raised the spirits.
Meanwhile we drift a bit.

[9degrees] 21/6/2017 18:46

trades all up swannee again!

[9degrees] 21/6/2017 09:23

oops spoke too soon it is back in action again but down!

[9degrees] 21/6/2017 09:17

is adfvn trading still out of action as no trades are showing again today??

[piedro] 20/6/2017 18:22

Goes to show - there is a lot of work to be picked up

AMGS Wins Contract to Upgrade Vessel Tracking

[trexpert1] 20/6/2017 12:25

Many thanks YumYum. TR

[pandeck] 20/6/2017 12:09

Oops, so good you got it twice.....and at the same time!

[yumyum] 20/6/2017 12:07

There are trades but advfn is broken I think. I bought 50,000 at 50.6p this morning so there is at least one trade !

[pandeck] 20/6/2017 12:06

trexpert1,I think it might be something to do with this message from ADVFN:

"We are experiencing a problem receiving off-book LSE trades. Our engineers are working on this with the highest priority".

P.

[astralvision] 20/6/2017 12:06

advfn have this message up on my monitor:

'We are experiencing a problem receiving off-book LSE trades. Our engineers are working on this with the highest priority'

on the 'HELP' thread they expect to have trades back up by open of markets tomorrow

[trexpert1] 20/6/2017 12:00

Anyone know why there are no trades join SRT for last two days?

[9degrees] 19/6/2017 08:26

market up today should push this higher again
Just bought back in at 50p having sold out at 56p a wek or two back

[philburt] 16/6/2017 12:05

Astral, I agree with you. Would be very disappointed if they 'allowed' a takeover below 125p. Patience is slowly being rewarded.

[astralvision] 16/6/2017 09:42

YUMYUM
I think you are correct re SRT being a takeover target. But it will not happen anywhere close to these sort of levels, the managements expectations are much much higher and with 'friends and family' they would be able to fend off a low-ball bid, in my view.
I think the last tranche of options kick in >125p, as some sort of indication as to what their ambitions are.

[malcolmmm] 16/6/2017 09:37

Just had a look, bought these in 2010 for 14.52p so doing ok here

[yumyum] 16/6/2017 09:32

Indeed so.

Well....hopefully gets signed off!Nothing is sure with SRT....

SRT MUST be a takeover target. Needs major holders to agree so I am not sure there would be big buying in the market prior to some broad agreement with the founding and major shareholders.

[astralvision] 16/6/2017 09:25

The debt is actually due from Qnective



Ok, they in turn will be owed by the Asian country.
'In the final stages of sign off' sounds like it is all agreed and just the paperwork to do, i's dotting and t's crossing.

[yumyum] 16/6/2017 09:24

Total projects contracted revenue could shortly be £77m plus £60m. Admittedly this is an SRT projection and needs contracts signed or re-signed, although they seem confident (as ever!).

£137m over 3 years, plus, say £20m for core and em-trak over 3 years equals £157m total revenue, with potentially more contract orders to be won over that 3-year timescale.

In finnCap's very cautious and conservative analysis they project total revenue of only £15m for y/e Mar18, £20.5m for y/e Mar19, and £26.2m for y/e Mar20....that gives total revenue of £61.7m (finnCap assume contracts are performed over a 4-year period, although SRT expect the re-signed Indonesian contract to be completed in 2020).

That leaves a gap of £95.3m in total revenue projections on a 3-year analysis. IF SRT can pull it off (or anywhere remotely close) then there will have to be a massive re-rating.

Let's look forward to post-Eid signings.

[yump] 16/6/2017 09:12

It needs that, plus a 'payment to take place' statement for that receivable. Edited - it is the same contract.

It took a long, long time to get a sizeable contract and certainly don't want the same thing happening with any payments. I would put that as the only major risk now. There is obviously plenty to come with contract news, but I don't think its xenophobic to have worries about payments from countries that shall we say, exhibit a 'different' attitude to being a debtor.

[astralvision] 15/6/2017 14:43

As expected FinnCap are forecasting low ball numbers with a view to upgrading as additional contracts come in.It wouldn't surprise me at all to see FinnCap's 75p target smashed on news of the next deal.We are told the large Asian deal, originally worth $100m , has been 'rescoped' and in final stages of sign off and 'may result in a significant increase in the value of the contract'Wouldn't like to be out when that news hits.

[loobrush] 15/6/2017 14:22

from iii

Well Finncap target is what they think the price will be in time, however looks like in the short term it will fall back until order news arrives. Last fall back it lost about 50% ,lets hope it doesn't drop that far.