Srt Marine Systems Share Discussion Threads

[astralvision] 16/8/2017 21:32

I thought that, perhaps SRT's Identifier has two brackets!

[goodapple] 16/8/2017 21:17

"VMS Track-Pro is the world’s first single-bracket, battery powered and purpose-built AIS-based tracking solution,"

.... oh really??

[astralvision] 16/8/2017 20:27

Re weatherdock/ ExactEarth, be interesting to see if they win any decent contracts.

[hjb1] 16/8/2017 19:23

ask Tucker and he will say (as always) that they suck, like all competition in his mind, hmmm!

[crystball] 16/8/2017 19:17

I received this in my email alerts....some competition for SRT?

exactEarth’s Small Vessel Tracking Service is now supported by the VMS Track-Pro from Weatherdock AG

Cambridge, ON –August 16, 2017 – exactEarth Ltd. (“exactEarth” or the “Company”;) (TSX: XCT), a leading provider of Satellite AIS data services,announces that its exactTrax™ small vessel monitoring technology is now incorporated into the VMS Track-Pro, the newest Class B AIS transponder from Weatherdock AG of Nuremberg, Germany.

VMS Track-Pro is the world’s first single-bracket, battery powered and purpose-built AIS-based tracking solution, which makes it a secure, easy-to-use, and cost-effective solution for tracking fishing vessels and other small crafts. More than 15 years of research and development have gone into the production of VMS Track-Pro, which included extensive input and feedback from fishermen, as well as detailed analysis of homeland security requirements. The resulting data services, which combine the Class B AIS transponder with CML microprocessors and exactTrax technology, provide the ability to securely monitor the millions of artisanal and small-scale commercial fishing boats and small commercial work boats currently operating around the world.

This ability to monitor and track vessels equipped with exactTrax-enabled transceivers supports safety of life at sea and delivers an unrivalled picture into the world’s global maritime activity. Monitoring these vessels can also provide critical intelligence into a variety of marine applications such as fisheries protection, environmental preservation, and maritime surveillance/security through improved ‘dark’ target analysis.

“We recently announced that our exactTrax service is now available for integration with all AIS transceiver manufacturers and, as an internationally recognized supplier of high-quality AIS hardware, we couldn’t be more pleased to add Weatherdock to our growing list of suppliers,” said Peter Mabson, CEO of exactEarth. “Expanding our list of partners means that we can now reach even more potential users worldwide and offer customers real choice in their platform options.”

For more information, visit the exactTrax webpage.

About Weatherdock

Founded in 2003, Weatherdock AG is a privately owned German manufacturer of market-leading VHF-based tracking devices for maritime applications, including Search and Rescue Transmitters (SART) and vmsTRACK for coastal surveillance monitoring. Weatherdock’s products are currently distributed in more than 20 countries to a wide variety of prestigious customers including the German Navy, the Danish Navy, the Singapore Water Police, and the Dutch Rescue Organization. In 2016 as well as in 2017 (2nd time in a row) Weatherdock was recognized as one of Germany’s top 100 small and mid-sized companies. For more information, please visit www.easyAIS.com.

About exactEarth Ltd.

exactEarth is a leading provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. Since its establishment in 2009, exactEarth has pioneered a powerful new method of maritime surveillance called Satellite AIS (“S-AIS”) and has delivered to its clients a view of maritime behaviours across all regions of the world’s oceans unrestricted by terrestrial limitations. exactEarth has deployed an operational data processing supply chain involving a constellation of satellites, receiving ground stations, patented decoding algorithms and advanced “big data” processing and distribution facilities. This ground-breaking system provides a comprehensive picture of the location of AIS equipped maritime vessels throughout the world and allows exactEarth to deliver data and information services characterized by high performance, reliability, security and simplicity to large international markets. For more information, visit www.exactearth.com

Forward-Looking Statements

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements may include financial and other projections, as well as statements regarding exactEarth's future plans, objectives or economic performance, or the assumptions underlying any of the foregoing, including statements regarding, among other things, the intentions of the parties, the use of any intellectual property, further investments that may be made by exactEarth and new markets that may be exploited by either party. exactEarth uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by exactEarth in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors exactEarth believes are appropriate under the relevant circumstances. However, whether actual results and developments will conform to exactEarth's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause exactEarth's actual results, historical financial statements, or future events to differ materially from those expressed or implied by the forward-looking statements contained in this news release. These factors include, without limitation: uncertainty in the global economic environment; fluctuations in currency exchange rates; delays in the purchasing decisions of exactEarth's customers; the competition exactEarth faces in its industry and/or marketplace; the further delayed launch of satellites; the reduced scope of significant existing contracts and the possibility of technical, logistical or planning issues in connection with the deployment of exactEarth's products or services.

Contact information

MEDIA:

Nicole Schill

Marketing Communications Manager

Tel: [phone]

[e-mail]

[dieseltaylor] 16/8/2017 15:09

hxxp://gcaptain.com/watch-ais-animation-shows-cscl-jupiter-grounding-salvage

Just for fun

[astralvision] 15/8/2017 23:11

Interesting post and food for thought although I think we can take it as read that Mr Tucker will not be entering a discussion on this board, but that should not be taken to mean he agrees with your post! Regarding margins, it is well established , through commentary in results, presentations etc that the core business has much lower margins than the project business. Hence the difference in margins between H1 last year with no project business and H2 when there was.I think you will be pleasantly surprised (or not) by the interim results.

[dj trading] 15/8/2017 22:15

Re Middle East MDM Contract announced 30th March 2017. From the year end accounts it looks to me that around £3.5m Rev and little cost for this contract was booked into last year. Which is fine as I assume it is mostly software licence fees, and perhaps some in stock hardware that could be shipped at little notice. But it allowed them to show a profit whereas just a two day delay would have pushed this Revenue/Profit into the current year giving a significant loss for 2016/17!

So having taken the icing off the contract cake into last year's numbers they now have to incur the cost of developing and installing the system over the next two years at a much lower margin. For this reason I think 1H will look a little like last year in terms of Revenue and Loss plus they will also be showing the exceptional loss on the Indonesian Contract

As an aside and although I don't think Indonesia will happen (as explained in my previous post) it will be interesting to see how they treat the reinstatement of the Contract in terms of the £2.2m Rev previously booked (exceptional?!)

So what makes me think they booked around £3.5m of the last minute (30th March!) MDM contract into last year.
Just look at the accounts for last year
..... 1H.. 2H.. FY
Rev.. 2.7 8.3 11.0
Cost 1.45 2.35 3.8
Gross 1.2 6.0 7.2
GM % 45% 72% 66%
Balance Sheet
Rec. 4.1 7.9 +£3.8m
Pay. 3.2 3.1 no change

GM is typically 40-50% as in 1H
In 2H it is 72% so assuming it would have been 50% without the software lic for this contract 2H Rev would have been £4.7m. Actual £8.3m so I have assumed difference mainly due to licence fee for this contract £3.6m

Further evidence can be seen in the balance sheet where Receivables have increased by £3.8m in 2H vs a flat payables suggesting an additional £3.8m has been booked at little cost.

Anyway all this will be more obvious when we get 1H results. (As Simon reads this BB and was previously a poster here, if my assumptions are incorrect Simon please feel free to post and I will amend as necessary.)

[astralvision] 15/8/2017 18:18

No problems PUG, but it's a matter of historic record that SRT turn over £5m+ or so on non project work and the large M.East contract is underway, RNS released last march, SRT are dealing with this one directly.
Nothing is ever risk free, but SRT would appear to have a decent amount of this years forecast sorted and thus I don't believe cash is a pressing need and I don't believe there will be a placing and with several near term contracts they only need one to do very well, so overall, I see the situation as very positive here.
In fact in some ways I'm glad the Indonesia deal has gone, or put on hold. That may seem a strange thing to say, but SRT will be much better off with three or four contracts all running along and with SRT in direct control. If Indonesia comes back, fine, but it was in danger of over-powering the stock. Current share price represents an opportunity to me, I am monitoring it very closely.

[pugugly] 15/8/2017 18:01

astralvision: I usually take brokers notes (especially if they are issued by th ehouse broker) with a very large sack of salt - been caught out too often - which is now I often refer to them as analists !! Not saying that this is the case here but just bitter experience .

[astralvision] 15/8/2017 17:30

PUG

hear what you are saying, but worth reading the broker notes, not got it in front of me, but from memory:

This years forecast unchanged post Indonesia delay
Something like £9m or £10m is 'in the bag' already this year, from core business and the large M.east deal signed in March.


I don't think they need to get all four contracts, if they did, the share price would be rocking. They really only need to get one of the four 'near term' deals to probably make this years forecast, any more than that are they are probably going to exceed market forecasts. The M.east contract is good margin stuff, so I don't think there is going to be any problem with cash, but I would never rule out a small non-discounted placing if they felt they need it or opportunities arose.

[pugugly] 15/8/2017 16:57

astralvision - agreed re your 5540 but the BIG WORD IS IF - If they do not get all the contracts then could be significant cash flow problems and debt for a small company can be very expensive - Look what it was costing HYAT. That is why I feel there might well be need for a fund raise if thre are further unexpected delays-

Remember those with the funds ususlly call the tune.

[astralvision] 15/8/2017 16:17

Tempted as well, srtshare
If SRT can bring these four contracts worth an estimated total of £60m (over a couple of years, I think) home, then they will be in a much better position than when they had the large Indonesia order via a third party.

[srtshare2] 15/8/2017 16:14

Not looking good. Sp needs to get some support.tempted to pick up some more.

[astralvision] 15/8/2017 16:02

PUG
absolutely 0% chance of a raise around that level, if indeed there is a raise at all.
Question was raised at the AGM and answered in public, there are absolutely no plans for a fund raising. Having said that, things can change but if you check out SRT's history wrt to fund-raisings
1)they rarely do them
2) Discounts are non-existent.

[pugugly] 15/8/2017 15:56

Re DJT 5518 last but 1 paragraph "This contract represents almost the entirety of the £77m year end order book (and was always conditional on a stage by stage basis per initial RNS)"

Agreed looks terrible - I am now OUT as could see possability of a new significantly discounted fund raise - guess could be as low as 20p if current resistance at about 30p breaks -

[hjb1] 15/8/2017 15:54

lots of good toys etc, just can't sell enough of them it seems!

[astralvision] 15/8/2017 15:51

Lot of changes since April 2011 hjb, but I hear what you are saying, the scepticism is understandable.

[hjb1] 15/8/2017 15:40

yes astral, I have been saying the same 'this will be the year' for the last 8/9 years and still waiting, that's the whole point with SRT.If you look back to April 2011 Rns's/newsflow I think it was and ST was saying the very same stuff as now, but then it was a £500m opportunity, millions of boats etc etc, it just hasn't happened!Eventually confidence and credibility just ebbs away, and that's where we are today after the Indo debacle.

[astralvision] 15/8/2017 15:25

Could say that about everything really, only for a lot of the countries SRT are dealing with fishing is right up there as one of the most important industries, from getting most of their protein from fishing and ensuring their political boundaries are respected.SRT have built out their offering in a very impressive way over the last few years. From this point on I believe it will take very little to shift this from marginally profitable to cash cow.There is too much going on across a wide variety of opportunities for it not to be successful, but the absolute timing of that is unknown.I'm happy to wait but appreciate others may not want to.

[hjb1] 15/8/2017 13:33

With everything that is going on in the world today I think fishing etc is bottom of the pile of things to do.

[obiterdicta] 15/8/2017 10:53

kinbasket - thanks. Also no doubt EU quotas agreed with WTO on export of fish from Asia. Overall point taken. Fishing needs to be monitored to ensure agreements on stock and quotas are adhered to.

OD