Srt Marine Systems Share Discussion Threads

[hjb1] 10/10/2017 13:49

em-trak grew 60% from last year, jeeez how much was it doing then, about £20..ffs? laughable!

[astralvision] 10/10/2017 13:47

Re those options, the 2nd and 3rd tranches only vest when share price reaches 75p and 125p for a number of days.I've got no problem with that, if they achieve that everyone's happy.

[boristheblade29] 10/10/2017 12:58

The problem here is they have raised £10m of debt-£2m has been drawn which explains why err.. they have £2m in the bank. What about collecting on those debtors in the year end accounts which account for a substantial part of last year's T/O?

The six month T/o is very poor-putting a lot on the second half-again. Its not a seasonal business!

[philburt] 10/10/2017 12:38

Apologies, I'm probably just feeling a bit giddy, what with my employer just sign posting the way out for me under VR shortly.....fingers crossed ;)

[yump] 10/10/2017 12:10

Oh dear what have I done - sorry folks !

[yump] 10/10/2017 11:03

Philburt

That's enough entertainment for one day ;-)

[philburt] 10/10/2017 10:47

yump - I think that answers your question!
Go on. Press the button again! lol

[yump] 10/10/2017 10:16

Well I can't see those last two posts, but I wonder what its like living in a world where your responses are Pavlovian..

[hjb1] 10/10/2017 09:57

more likely the last sentence from fft.

[hjb1] 10/10/2017 09:54

'Being a Director and wanting to buy / sell shares is never easy'.Ha ha! what a load of tosh, jeez!

[fft] 10/10/2017 09:46

countryman5,

It is actually quite hard to be an insider and not be able to buy shares. Otherwise, directors of large companies would never be able to buy or sell.

how many prosecutions or censure have you seen of any directors who have bought or sold ?

Another more depressing thought is that maybe that he knows how the business is doing and is holding off buying.

[yump] 10/10/2017 09:36

If you look at all the non-project contracts that have been announced, then those could easily contribute £4mln second half. So that would leave £8mln from projects. That seems a fair chunk, but then we don't know the value of the Middle East contract (2 years implementation) or any of the others that had initial orders, with a view to expansion eg. the one with the 70,000 vessels.

[astralvision] 10/10/2017 09:36

either that or he's short of cash!

[countryman5] 10/10/2017 09:32

One might assume that our new chairman would like to be a buyer of shares. If he does not buy after this trading update is it fair to assume that he is still an insider? Being a Director and wanting to buy / sell shares is never easy.

[astralvision] 10/10/2017 09:17

Signed contract surely refers to this one, signed on last day of last f/y



SRT Marine Sys (LSE:SRT)

SRT Marine Systems PLC

30 March 2017

SRT MARINE SYSTEMS PLC

(AIM: SRT)

("SRT" or the "Company")

SRT signs MDM contract

SRT Marine Systems plc is pleased to announce that it has entered into a contract to deliver a national MDM system for a Middle East country.

The system will enable continuous real time identification, tracking and monitoring of many thousands of leisure and commercial vessels operating in their territorial waters and EEZ using SRT's AIS vessel transceivers and maritime monitoring systems.

The system is expected to be completed within two years.

Simon Tucker, SRT CEO said, "This marks the conversion of another of our validated sales opportunity pipeline prospects into a signed contract. This is due to SRT's ability to deliver turn-key maritime domain awareness system solutions with proven performance and unique functionality. This MDM system will provide multiple end customer marine stakeholders with a range of functionality such as dual 2D and Dynamic-3D real time visualisation, advanced data analytics with automated vessel activity alerts, and vessel licensing and management functions that will enable them to significantly enhance maritime security, management and safety."

ENDS

[sivadnoj] 10/10/2017 09:15

Cash position of £2.1 million presumably includes the first £2 million from the unsecured loan note. Cash was £1.8 million at 31/3 and a loss of £1.7 million in the 6 months to 30/9 before exceptionals.

[fredfishcake] 10/10/2017 08:36

If a contract of any size had been signed, surely that would have been material news and they would have been obliged to RNS it? I feel it more likely that they've been busy trying to win the contracts, but not actually in a position to make any money from them yet. Time is moving on...

[fft] 10/10/2017 08:28

After the Indonesia fiasco, the financial aspect of any contract will need to be either released or investors will be justified in assuming an Indonesia type contract which can be cancelled without any compensation to SRT. In other words, the cash will need to hit the SRT account and not just be a receivable to get full credibility back. Unfortunately.

[techno20] 10/10/2017 08:21

Sounds like at least one of the big four contracts has been signed, but they've not been allowed to release. And also suggests none have dropped out. Reassuring news.

[eagle eye] 10/10/2017 08:15

FinnCap's revenue expectations for the year to March 2018 are £15m.
On the basis of H1 £2.9m, that leaves £12.1m for the second half, which is a big ask.