Srt Marine Systems Share Discussion Threads

[goodapple] 06/2/2018 09:02

I thought the 4 front runners in the VSP were two in the Middle East and two in Asia.
It seems now that one in South America has overtaken one of the Asian runners.
Ecuador at last?

[barrieb] 06/2/2018 08:54

Thanks guys
They really should sort these glitches out after all they are a communications specialist but they cant seem to do it successfully in their own back yard!
Glad to hear that things are perhaps not as bad as some had feared.

[baynet] 06/2/2018 08:40

ST re-iterated SRT at not interested in releasing RNS's unless they are significantly material they have been kept very busy and customers growing just nothing significant enough for an RNS yet

[baynet] 06/2/2018 08:37

me too no issues at all

As far as content all sounds like business as usual projects in the VSP still progressing not concerned about whether or when they happen.

[pandeck] 06/2/2018 08:37

Could you update us please Kimboy2 as, with the problems, I gleaned next to nothing.....

[yumyum] 06/2/2018 08:36

Nothing new. 4 contracts remain in final discussions. Very confident on them. Satellite programme is not yet contracted. That is a surprise.

Jam tomorrow would sum it up.

Buoy trackers seem in good demand, various national evaluation programmes ongoing in Europe.

[kimboy2] 06/2/2018 08:34

I heard perfectly

[barrieb] 06/2/2018 08:33

Couldn't see or hear anything!
Could it be a windows 10 problem.
Any info would be gratefully received.
Many thanks.

[pugugly] 06/2/2018 08:30

Pandeck Agreed - Simon needs to upgrade supplier - Anyone else had reception problems? What was the general take on presentation ?

[pi0110] 06/2/2018 08:17

unless you want waffle for breakfast I wouldn't bother!

[pandeck] 06/2/2018 08:15

I'm having problems too....a few minutes in and its starts to repeat on audio although video shows Simon mouthing something else.... has repeated twice....and has now locked!

[pugugly] 06/2/2018 08:12

Now live - Sofware glitches -

[pugugly] 06/2/2018 08:03

Webcast seems delayed - Has anyone be able to access ?

[hjb1] 06/2/2018 07:51

I bet Tucker wants to get this webcast done now so he can drop the dreaded RNS soon after and does not have to take the flack explaining on today's webcast.

[homeboy] 06/2/2018 07:13

"ST rarely provides rabbits out of hats. Hmmm."

Even that statement is inaccurate Dum Dum, try substituting never for 'rarely'.

Well, no project RNS prior to the webcast, so I'll wager it'll be more of the same, imminent etc, everyone is busy, just not selling much.
Of course it's possible that the AIS market is just not that dynamic as SRT would have investors believe.

[yumyum] 05/2/2018 18:12

hmmm...DJT....you are quite right. Apologies. Looks like I will be disappointed then!
And have to apologise to everyone ! Even to homey. ST rarely provides rabbits out of hats. Hmmm.

Oh well, I still expect this to be a great 2018 for SRT but I have no facts to back that up with.

[dj trading] 05/2/2018 16:57

YUMYUM2 Feb '18 - 09:09 - 6318 of 6337
"DJT, I think your expectations are wrong.
You say: ''There haven't been any significant contract announcements and most of the revenue for the Middle East contract was accrued last year!''

Do you really think that for a contract that was awarded just before year end 2017
most of the revenue was paid upfront ?? If only Middle-East customers did actually pay like that. They don't."

YumYum you are getting Revenue and Cash confused. SRT stated in the annual accounts that they accrued and/or invoiced £4.8m for the ME contract last year see Debtors page 11 of AGM presentation. To create a Debtor of course that amount must be included in Revenue LAST YEAR.
When cash received this year? (current Debtor so should be) then Debtor cleared and cash increased but no impact on Revenue (as accounted for LAST YEAR) just a balance sheet and cash flow transaction.

The contract value for this contract was $7.5m (£5.8m) so total Revenue this year from ME contract is (£5.8m - 4.8m accrued LAST YEAR) ie £1m. So assuming they complete project by Feb 18 (as stated in AGM Presentation pg18) they should see a further £1m Revenue this year to add to core of say £6m giving £7m for this year plus anything they can get signed/accrued in next 8 weeks. (No detail on costs associated with this contract so I can't estimate profit from info available)
AGM presentation

[homeboy] 03/2/2018 15:52

"2018 is SRT's year. Not the year to March 2018 it seems so far.....but the announcements IN 2018. Later than I was expecting, but they are still coming."

And your evidence for this is based on what exactly? That SRT told you so?

They keep promising but so far only disappoint, zero evidence to suggest that's going to change..

You really are a Dum Dum.

[yumyum] 03/2/2018 15:21

SRT is a very impressive company. Interesting. Fairly unique. Very alive and alert. Always adapting. Clever.

They just needs profits to start rolling in (they will) and then there will be quite a review. Making profits is not so very easy in the real world. Keeping a company alive is already quite something. Homey does not understand the business or the company. hmyh1 does better.

I think the review when it comes will be rather a BIG one. Homey's negativity and holdmyhandhenry1's frustrated comments will look like pots of lime pickle (sour, although I like that pickle).

We will laugh at them, but in a friendly way because we will have been rewarded in £££;.

£1 a share is very much on the cards still. This is a special company and is on the edge of decent profitability. Repeat profitability at that.

2018 is SRT's year. Not the year to March 2018 it seems so far.....but the announcements IN 2018. Later than I was expecting, but they are still coming.

It is not easy running a real company. Very easy to criticize though.

[hjb1] 03/2/2018 13:40

nah! waiting for the £1+ a share you all keep going on about, ha ha!

[countryman5] 03/2/2018 13:30

If there are disgruntled shareholders, yes they should ‘sell the company’ ie sell their shares.

[hjb1] 03/2/2018 13:14

yes Homeboy, the problem with this lot is they are pretty good at 'inventng' new toys, trouble is nobody wants to buy them, well not in big enough quantities to make any money.
Just another Aim 'lifestyle' company set up for the directors to keep them in a good living, and yes, the £10m funding will go in wages for Tucker and crew under the smokescreen of a 'satellite' system, yeah right ha ha! we already had one of those via Exactearth?
Nah, for me Tucker has huffed and puffed but has got absolutely nowhere, time to move on Simon or sell the company!

[homeboy] 03/2/2018 11:32

So, in the past when they put out their numbers and updates, SRT used to say 'the sales haven't gone away, they've just moved into the next accounting period, they haven't been lost'.......... Did these so called sales ever materialise?
None of their projects so far has been that great financially, it always seems to be 'imminent', Indonesia turned out to be a dud and correct me if I'm wrong but even if they get something from Saudi, the payment terms are so lengthy that I'm not surprised they've had to secure a 10m funding package, I reckon they'll be dipping into that again.... and again.
SRT appear to have to keep re-inventing the business just to survive, now they have AtoN and Geovs and the revenues are still dire, next it'll be Satellite systems, that'll keep the punters interested for a while longer, when that doesn't bring home the bacon, what'll they invent next?
This has been going on for about 7 years now and SRT is no further ahead in revenue growth in this AIS market.
Keep the lids on the jam pots and hope the 'best before date' is forever, lol