Srt Marine Systems Share Discussion Threads

[homeboy] 07/11/2017 08:13

You have no case, you're in love with this stock and thus defensive, emotional and irrational.

[yump] 07/11/2017 08:13

fft

If you actually read stuff here, you'll know the JRC information is old news.

So have you an explanation for this old thread being resurrected by DJ Trading ?

Or do you like the idea of lots of old news being brought up ?

[homeboy] 07/11/2017 08:12

Yes of course, silly me, the Indonesia situation is historic.

What yump means is; that it doesn't matter anymore.

Except that it does. It's the reason why they are going to restate their accounts and why they have a very expensive +9% 2M quid loan. Still no profit and now with an expensive debt to service.

Another 8M available to draw down, watch Mr Tucker start to tuck into that for the next big idea, satellites.

History lays down the fabric of the future. The history here is not a good read.

[yump] 07/11/2017 08:09

That is simply not true. You know exactly what I mean and your avoidance just reinforces my case.

[homeboy] 07/11/2017 08:07

"Why don't you find a tech. that has never made a profit or proved their product can sell - there's plenty of them around."

SRT comes to mind.

[dj trading] 07/11/2017 08:03

Previously on the other thread

DJ Trading - 31 Aug 2017 - 08:17:25 - 5668 of 5946 SRT Revenues-Future Opportunities & Drivers (SRT) - SRT
JRC active in Indonesia
July 2017 News - "JRC launches local corporation in Indonesia to expand its coastal/disaster prevention business."

[fft] 07/11/2017 07:48

Yump. You will be rewriting history soon to indicate that SRT was never involved in Indonesia. Don't you think it even vaguely interesting that someone else has been heavily involved there ?

[yump] 07/11/2017 07:45

So what are you 4 doing here suddenly posting historic stuff - philanthropy obviously - or just nothing better to do.

If you hadn't noticed, most people here are not the usual £1 by Christmas crowd - we're used to waiting; we know the situation.

So we don't need parrots to tell us the same stuff over again.

Why don't you find a tech. that has never made a profit or proved their product can sell - there's plenty of them around.

Or post when something has shot up.

Of course that never happens with you people does it - you just pick on the ones where you are likely to have face credibility.

I think I can count on one hand the number of posters over years, that have had the guts to highlight wildly overvalued stocks that have shot up for no real reason.

Because when the share price has shot up, you look daft even if you're right.

But when there's worry and trouble, you look great. Give yourself a brownie point.

[homeboy] 07/11/2017 07:31

DJ Trading has often posted some well needed realism here to counter the eternal but groundless optimism of these boards and the eternal and still undelivered promises from SRT itself.

But this yump character is more concerned that there are people posting with a bearish and factual opinion than whether there is merit to the post.

Although SRT may have quoted letters from the Indonesian government saying - we still love you and want your stuff - I personally prefer hard cash showing up.

Letters aren't worth the paper they're written on, cash of course is different.

Not much of the 'readies' showing up lately is there. Now that SRT are currently 2M in debt courtesy of unpaid bills from the Indonesian fiasco, with another 8M to draw on if required, I'll wager the track record of SRT suggests that it will.

More importantly, from DJ Trading's post with supplied reference link, it does appear that other players are operating in Indonesia supplying the same deal that SRT once touted was theirs.

Anyone for more jam tomorrow?

[yump] 07/11/2017 07:23

Well I'm sure its possible to find every contract awarded to every other company and post that, on every share in the market.

The earth is round - how about that ?

[effortless cool] 07/11/2017 07:01

yump,

Regardless of the motivation behind the posts, surely the key thing is that the information provided is verifiable and relevant?

[yump] 07/11/2017 00:42

So, the challenge is to work out the purpose of these recent posts.
Best solved by looking back at the posters' history.

For all I know they're looking for trading opportunities to knock the price down for a buy.

Otherwise why the sudden burst of interest - I think we should be told...

[yump] 07/11/2017 00:33

Oh look, there's a bit of effort going into this now. Someone (or 2) must have opened a bet.

[glavey] 06/11/2017 23:05

What's keeping the share price up here?

[hjb1] 06/11/2017 22:43

courtesy of DJ;
perhaps someone can ask Tucker about this; have JRC stepped into SRT's shoes??

JRC in Indonesia - I know they have a long history with Indonesia but this doc says:-
"In response to the request by the Indonesian Government, the Japanese Government decided on a grant aid for implementing the project , which JRC was awarded, to supply equipment such as radar system with GPS, radar tracking system, muilti-function console, VHF radio communication system, transmission and communication links, AIS, CCTV camera system, VTS data system and web server, recording and playback unit, meteorolocical sensor, power generator, and air conditioner. The project was successfully handed over to the Indonesian government in June 2017." (not sure I understand this given SRTs Contract - perhaps just part of a larger shared contract?)

[hjb1] 06/11/2017 22:28

aren't Xanatos and Vissim customers of SRT? Regards the Indo deal it looks like SRT have been gazumped.Looks like JRC have taken over from SRT with the aid of grants from the Japanese govt, surely not allowed to happen without some sort of compo for SRT?

[dj trading] 06/11/2017 21:50

Research - Vessel Monitoring Systems

Xanatos busy including Portland UK (July 2017)


Vissim £7m contract Thailand (June 2017)

Other Vissim news

SAAB Great Barrier Reef and Queensland (October 2017)


JRC in Indonesia - I know they have a long history with Indonesia but this doc says:-
"In response to the request by the Indonesian Government, the Japanese Government decided on a grant aid for implementing the project , which JRC was awarded, to supply equipment such as radar system with GPS, radar tracking system, muilti-function console, VHF radio communication system, transmission and communication links, AIS, CCTV camera system, VTS data system and web server, recording and playback unit, meteorolocical sensor, power generator, and air conditioner. The project was successfully handed over to the Indonesian government in June 2017." (not sure I understand this given SRTs Contract - perhaps just part of a larger shared contract?)

[pugugly] 06/11/2017 07:58

astralvision_ Post 5922 WAS CORRECT IN EVERY WAY- You just failed to read correctly or understand the background, as a reasonably recent entrant to this thread .
I take it you you fully agree with 5936 -

[astralvision] 05/11/2017 23:17

PUGWas correcting your post of 5922 which was practically and factually nearly all wrong. In the light of my correct info, do you agree?No need to thank me for finding out the true position.You're welcome.

[trident5] 05/11/2017 22:54

I so like the way Homeboy requires us "please not to correct him". What a pompous ass.

[yumyum] 05/11/2017 22:33

homeboy..7th March..gosh..what interesting things you told us. Thank you so much.
This was soooo much appreciated at the time. We still surely benefit from your....something.

Er...what is your point...if any ? 7 March to now did the share price zoom or crash ? We need to know ! You are the one to tell us...homeboy. Please. You are a genius.

You are clever...or stupid? I am not sure.

We know already that you do not share this company's vision. Fair enough. It is a free world.

I incline towards that you are a very stupid fock. Your maths is very poor. Please improve your next comments in 8 months or (hopefully later or never).

[pugugly] 05/11/2017 20:18

astralvision: Please read my above post again - As I read the DJ link they have drawn £2 million at scalpers rate and confirmed by rhe rns of 26thth September. – “An initial issue of GBP2 million of secured loan notes, which was oversubscribed, has been completed and the proceeds received by SRT. This programme can be enlarged up to GBP10 million, at the Company's request. The secured loan notes are expected to be listed on the Bermuda Stock Exchange around 31 October 2017The loans will be secured and rank second to a senior secured term facility with Barclays Bank, under which GBP750,000 is currently outstanding. Each loan note may be repaid at any time within their three year term with a 0.5% redemption fee and annualised coupon of 9.5% payable on the outstanding amounts. .” Ex rns of 26th September.
Do you agree?

I never said that they had drawn the extension of up to £10 million - Do you agree?

What I said was that there were 2 interpretations for the facility being in place - OK extend to THREE if there is any possibility of their making an acquisition. Do you agree?

[hjb1] 05/11/2017 17:58

homeboy, spot on well said, though it's been going on for well longer than 5 years..lol

[yump] 05/11/2017 17:52

Sorry there isn't an award going for 'I told you so' posts. Never mind, at least you can puff out your own chest as if there was.

Isn't anyone listening to you in real life ? Sorry if they're not - it must be very frustrating.

Would you have come back if it was steaming ahead with revenue ? Of course not. Nobody ever does that - it would require too much integrity.

Will you come back if it goes well ?

I'm sure by now everyone here understands the risks and has compared them with the risks of other AIM companies trying to make their mark.

[homeboy] 05/11/2017 17:40

you've all had loads of webcasts, how's that working out for you all.