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SRT Srt Marine Systems Plc

29.75
-0.25 (-0.83%)
Last Updated: 12:33:35
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Srt Marine Systems Plc LSE:SRT London Ordinary Share GB00B0M8KM36 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.83% 29.75 29.00 30.50 30.00 29.75 30.00 122,659 12:33:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 30.51M 69k 0.0004 743.75 57.26M
Srt Marine Systems Plc is listed in the Communications Services sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 30p. Over the last year, Srt Marine Systems shares have traded in a share price range of 28.50p to 68.00p.

Srt Marine Systems currently has 192,457,939 shares in issue. The market capitalisation of Srt Marine Systems is £57.26 million. Srt Marine Systems has a price to earnings ratio (PE ratio) of 743.75.

Srt Marine Systems Share Discussion Threads

Showing 20951 to 20974 of 29875 messages
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DateSubjectAuthorDiscuss
23/6/2017
20:25
Thanks Jamie, I will sell out on Monday. By the way, don't think I ever said the t/o would go from £11m to £270m.The £270m figure is projects under negotiation, not a yearly t/o figure.All by the by as no point hanging on in here with a no hoper.Any good ideas as to where to put my hard earnt? TIA.
astralvision
23/6/2017
19:50
astralvision you are right that that is where the potential is.

The potential market is huge. Its always huge. But I've attended countless forums and discussions and strategic meetings and supplier pitches and sales pitches on fuel consumption back when it was over 100 dollars a barrel and strangling shipping. Same on piracy. Insurance loss prevention. Whatever the industry buzz is over the years. People are getting hot and heavy about autonomous ships now. In fact they've signed the first charter.

No-one goes global with these fantastic ideas in what is an extremely complex market. There is not one consolidated area in the marine industry.

Its Chinatown chaps.

jamiemp
23/6/2017
19:41
Sorry, I've got it now: they'll take it from 11m t/o to 270m.

Right.

In the meantime, they are forecasting PBT 3.4 M by 2019 against a current market cap of 62m. Only a matter of time until they capitalize on the rest of what they believe is a 26 B market.

Bizarrely Finncap highlight this as yet another positive:

QUOTE
Canadian company McDonald Dettwiler & Associates is seeking to combine both radar and imaging satellites to track ‘dark ships’ (vessels required to broadcast AIS signals but not doing so). This is a significant problem in some areas; an analysis of Mediterranean traffic revealed more than 50% of vessels were dark targets and similar problems exist in Southeast Asia.
UNQUOTE

I've got this now too: once another company has the technology to track ships without AIS. We'll call them up and ask them to put an SRC AIS unit on. OK. I see the potential here.

Leaving aside the market and my perception of it and going back to the financials. There is something obviously wrong with the numbers here.

jamiemp
23/6/2017
19:28
Last comment for now, it is important to understand that SRT are no longer a 'box shifter'. Yes, they can supply transponders and will continue to do so.But increasingly SRT are a systems provider, with all that that entails, gluing all the bits together, data management, GeoVs software control, visual displays etc.The technology AIS is almost incidental in all of this, it just happens to be the cheapest and most effective way to achieve the desired end result.
astralvision
23/6/2017
19:27
OK, so you don't know anything much about the product, or the competitors. At least we agree on something ;¬) It's really AIS you you think is a dead end. Fair enough, but given that we also agree there's a need to track even quite small boats, what will take its place? And who will supply it, if not SRT?

Sounds like you're delivering a yacht somewhere. Nice work if you can get it, although it does (temporarily) leave you with time on your hands...

supernumerary
23/6/2017
19:17
Thanks Jamiemp.Could someone please give Mr Tucker a shout and tell him that the 'multi billion MDA market' , '£270m of 'new projects under negotiation' and a contracted £77m order book must all be a work of fiction.Surprised SRT could muster any kind of t/o let alone £11m last year given they've all been fitted.Great to have a real expert 'on board ' here.
astralvision
23/6/2017
19:12
supernumerary, sorry I'm not saying someone has a more advanced AIS interface. I'm saying I think that is a dead end product. There are many, many competitors that produce the same thing. Are they all inferior? No idea. Will it stop people buying it? I doubt it.

There are a thousand different GMDSS, GPS, EPIRB, SART manufacturers. You will generally find the cheapest local product on a vessel.


Currently I have the privilege of being a partner of a very lucrative and tragically short project. Delivering a very specialized Marine asset to a high profile client. Before that I've worked in every part of this horrible industry, with every type of flag state, port state, ship owner, manager, charterer, financial institution, supplier and training facility there is. I've worked all over the world, been based in several different countries, and will no doubt end up somewhere horrible being courted by blue sky dreamers like SRT soon.

jamiemp
23/6/2017
19:08
Jamie - I'm not sure what your point is - all ships have been fitted with class As for some time, it's compulsory - there is no market size to go after there - just new ships and replacements.

The market to go for is: boats and class Bs and traffic control.

Everyone on here knows there is a reluctance by many of these boat owners to install class Bs and that radar provides the main competition. But security and fishing protection concerns are driving some governments to mandate class Bs to boats.

trident5
23/6/2017
19:04
jamie - Have you seen or heard of GeoVS? Quite a novel piece of technology which is coal-fired I believe.
goodapple
23/6/2017
18:56
trident5, you are ignoring the 26 million row boats SRT is marketing to. You will see most of them have not been used in many years hence AIS has passed them by.

I saw one on the wall of a nautical themed bar the other day. No AIS yet, so only a matter of time.

jamiemp
23/6/2017
18:55
jamie - thanks for giving us the benefit of your industry insight. For interest, and context, which bit of the industry are you in?

I'm sure we'd all like to know which of their competitors you would say are the most advanced, and how their products and solutions surpass those of SRT. Always interested in a well-made bear case...

supernumerary
23/6/2017
18:55
SRT is using WW1 technology??? That's a relief, for a moment I thought they might still be using steam powered circuit boards. ;-)
owenski
23/6/2017
18:50
Er, all the ships already have AIS and have had them for years.
trident5
23/6/2017
18:37
Both under 30 tons and under 30ft are boats as opposed to merchant ships. Motorized means outboard motor. No engine.

This literally refers to old fashioned, wooden fishing "junks". They are certainly in Asia, indeed you could almost walk across the ocean on them in parts. These vessels don't even have compasses (please don't argue those are cutting edge), let alone Radars or AIS units. Or any form of flag state registration or regulation.

It's a fantastic idea to mandate AIS for them, both for safety, as they're almost transparent to industry standard Radars - due to the size, construction material and proximity to sea level. And to address inefficient fishing around the globe.

However that will be at a price the poorest fisherman, in the poorest IMO member state can afford. And completely unenforceable. Or applied in projects like the Somali one today.

The under 30ft vessels in Europe are the row and outboard boats you see around seaside towns.

If these are SRC's target markets... good luck all holders.

jamiemp
23/6/2017
17:32
seventh slide down

According to 'UN-FAO' there are:

'Estimated 26 million motorised vessels globally. Most (90%) leisure vessels are located in Europe and USA, of which 90% are below 30ft. Most commercial vessels are in Asia, of which largest segment are fishing boats, 90% of which are under 30 tons. '

astralvision
23/6/2017
17:09
SRT don't make the satellites. That's the point.


They make a receiver for standard data packet. That standard was set back in 1990 and deliberately made as basic and accessible as possible so that all the fleets within all the 180 odd IMO member states could take it up. The ability to transmit it, is indeed nothing more than a simple, line of sight, radio antenna.


Good that they've cut the cost of a mandatory device from 1,000 USD to 300 USD... or wait, is it?


Still, at least they'll be able to compete to replace them every 10 years or so.

jamiemp
23/6/2017
16:48
Clearly a flawed investment. We're using WW1 satellites :-)
smartmoney100
23/6/2017
16:33
Sorry, someone asked if I know how many seagoing vessels there are and I forgot to respond: 50,000 "merchant" vessels. Segmenting the market, people tend to talk about 30,000 addressable vessels. The rest being "grey" or "black" tonnage i.e. state controlled or otherwise subject to limited regulation.


Fishing vessels there are probably something like 2 million worldwide.


Interestingly the FAO's strategic objective is to track and control fishing fleets to minimize what is perceived as a 50 billion USD economic loss through poorly managing geographical spread. Hence their interest in AIS (not anti-piracy).


Not sure if posted earlier in this forum.

jamiemp
23/6/2017
16:14
Just trying to help casual readers. I'm surprised there is even a forum for SRT.

I can assure you I am intimately familiar with them, their technology and their competitors but it seems like a dead end product range to me.

That being said, I sincerely wish good luck to all holders. It would not be the first time I have overlooked the value in something.

jamiemp
23/6/2017
16:13
"Just a comment on SRT (lon:SRT) from someone in the industry"

Always nice to get to know the floor cleaners in our industry, keep up the good work

pi0110
23/6/2017
16:04
tkb123, thank you for that. Maybe the stockopedia comment is confusing SRT with a satellite company? Satellites now are ten a penny and indeed have become rather commoditised. SRT clearly says that the AIS market is open to all. Please note that it is a very, very big market. If you have a boat and some money (like a few hundred dollars) then you do want AIS. It is a safety issue - preservation of your life. If you do NOT have money then you will not fit AIS unless you are obliged to by some state obligation. You can be absolutely certain that those state obligations will come thick and fast over the next two or three years. I wonder if the commenter would know how many seagoing vessels there are in the world? Apparently quite an expert.

I do not think stockopedia themselves have a clue about the marine world at all, yet alone maritime domain management. Basically the sea is dangerous...so keep away.

Maybe some contributors also see things as only land-based ...and strangely do not like bread and butter ! i.e....SRT are profitable.

Sell Inmarsat/buy SRT?

Have a good weekend all. The contract awards are coming...re-rating will automatically follow (btw, thank you EC...point well taken and mostly understood..).

This company SRT is a gift share - it was 18p in March 2016, has progressed amazingly, and will continue to give. A remarkable company, that most run of the mill dullards like stockopedia have no ability to assess. They do not really deal in risk assessment. Thank goodness. Trying to create a dull stock assessment company and make money from it. That really is DULL ! Anyway, they seemed to have assessed SRT as a bete noire....too exciting to assess.

SRT is not dull. It is market leader in a huge and growing area of £££;££$$$$$.

I look forward to the pedia reassessment after some new contract awards. Humble pie.

yumyum
23/6/2017
14:52
tkb123

no, the points raised are not valid and the writer shows a chronic lack of knowledge of the market and of SRT.

It's not really worth dignifying those comments with a detailed response, other than to say if anyone really thinks this is WW1 technology, perhaps they should have a read here first

astralvision
23/6/2017
14:45
Long time holder and avid reader of this excellent BB. I have copied a comment made today from a Stocko''edia subscriber. To the folks with much more knowledge than I have - are the points raised vaild? Based on everything I have read here over the years it doesn't sound right, so just interested in alternative views....Thanks

[QUOTE]
Just a comment on SRT (lon:SRT) from someone in the industry: AIS transponders and several other of their products are very basic, low tech devices. As in WWI era technology. There are dozens of suppliers around the globe. Demand is 100% driven by the need for statutory compliance (a one off for each ship) and there is not and never will be a ship owner willing to pay a premium for one device over another. I see they have the UK VTS systems - basically air traffic control for sea lanes - a very finite and chronically underfunded market. Completely different from Inmarsat for example, which was the market leader through a boom in leading edge, value add communications devices in the maritime industry.
[END QUOTE]

tkb123
23/6/2017
12:03
hopefully will clear some of their stock backlog too.
lfc4ever
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