Srt Marine Systems Share Discussion Threads

[dj trading] 13/4/2018 16:53

Yump - you appear a little upset!

If you don't want people to tell you where you have been going wrong then don't ask for an 'error of judgement' statement, as you did two days back! Looks like you give it but can't take it!!!!
Dave

"yump - 11 Apr 2018 - 08:32:47 - 6696 of 6731
I wonder if any posters will admit to being wide of the mark with the doom and gloom stuff. That's at least two people who 'boasted' about being accountants that I've seen on ADVFN who have let their 'expertise' get in the way of assessing an actual business. The other one is DiscoDave 1-5.

Perhaps they might issue an 'error of judgement' statement, that at least isn't the same as saying they were wrong. Then go into politics."

[countryman5] 12/4/2018 20:21

Mr DJ,

Rule No 1 is learn the business inside out. This includes research on market and spend time reading management. Buy when nobody else wants it and have the strength of your own convictions. I like Rudyard Kipling's poem 'IF'

[lavalmy] 12/4/2018 18:55

I suppose the next shoe to drop will be the full details of the Philippines contract, even though to seasoned observers here that is pretty much old news. I don't think that buy on the rumour sell on the news will apply. People will buy on the news as well.

Of course, SRT have never hidden the candle under any bushel, so we can expect some degree of enthusiasm from them. But certain aspects of the contract should generate some well-founded optimism beyond the mere fact that a contract they have talked about has come through.

It will be their first contract where they are integrating AIS, RADAR and cameras onto their GeoVS hub. They have talked about it before. Now it is for real.

It will be their first contract where there is a satellite revenue stream. Again, lots of talk over the last few years, now turning into a reality. How much of the satellite revenue will be boat tracking versus some of the sophisticated fish/water temperature stuff that CLS specialises in is as yet unclear. No doubt the RNS will clarify.

Thirdly, the payment terms will be clearly cash generative for SRT within a short time of signing the enlarged contract and they will mention this. They are evidently expecting to be paid for a good portion of what has been shipped before the publication of the full accounts. Add to that the fact that the contract will be paid by ODA loans from the French government and that the contracting party is majority owned by the same government and I think that any credit risk has been assuaged.

So whether the share price drifts upwards from now until the annoucement is anyone's guess. I reckon that whatever the share price when the contract is disclosed it will be a lot higher afterwards.

[dj trading] 12/4/2018 18:32

Countryman and Yump - re your comments yesterday congratulating yourselves. What you fail to understand is that Rule No1 for Professional Investors is don't take risk! The market had been assuming that a profit warning was possible/likely for at least three months (longer for me). Anyone who sold in the low 30s and bought back on the news yesterday at 22p is now 50% in profit compared to you. (The fact that there wasn't a profit warning is irrelevant - the market had priced one in and gave an opportunity to buy back at a discount for those that sold in the low 30s unlike you)

Anyone more risk averse might have sold at 55p on the 7th June 2017 results day when the overdue debt (14 months) on the Indonesia contract was published in the results suggesting all might not be well with the contract - as I pointed out. Selling then at 55p and buying back yesterday at 22p, when Indonesia no longer priced in and the outlook changed would give a 150% gain compared to your investing strategy.

My advice is avoid risk - when the story/outlook changes you can always buy back as the market is often slow to respond, especially in a stock dominated by small amateur investors. (Even when the $100m Indonesia contract was first announced in 2016 it was possible to buy volume at 24p! for a quick gain of 50%+)

I note a few here have successfully used a risk avoidance strategy - well done!

Moving forwards there are clearly cash issues undisclosed to the market and a Contract also not RNSd to the market (why not?) + delayed results (why?). I'm assuming some sort of fundraising (loan notes or equity or both)in the next couple of months before results published. (Most of course unaware of the cash issue so price likely to continue to push up through 30p over the next few weeks)

[philburt] 12/4/2018 17:03

beans? Surely busses or perhaps Jam?

[boadicea] 12/4/2018 16:52

I had held a much reduced position since last Summer but have now significantly restored it, though not to its former peak and will be holding on a short fuse until I see the beans arriving.

[yumyum] 12/4/2018 15:34

Glad to hear that hjb1. I meant to say your previously most recent views seem to have been a little wide of the mark. Let's look forward to all having good (solid) reasons to wax lyrical.

[hjb1] 12/4/2018 15:23

Yum sorry, but I have got it consistently right for a considerable period of time, as LaVal mentions.I sold at the right time at 40p+ but kept a few.
I expect to be adding in the near future as for the first time in quite a while I can see some light going forward.
In the old days when Tucker did well I said so,even congratulating him on the Indo deal,when he doesn't do so well then I say so too.
Now going forward I expect to be waxing lyrical about SRT, finally!!

[crystball] 12/4/2018 12:44

I doubled my holding at 21.5p before yesterday having weighed up positive and negative considerations. I look forward to the rest of this year and attending another AGM in September. It will be good to meet the staff again and other patient shareholders.

[philburt] 12/4/2018 12:06

LaV - I second the thanks for your insightful and knowledgeable contributions.
I added c.10% to my holding recently at c.20p but, as always, wish I could have made it more! lol
Here for the long haul. Good luck all & DYOR as always.

[yumyum] 12/4/2018 11:45

I am not writing off Indonesia to start this year.

[goodapple] 12/4/2018 11:12

Looking forward to an update on the fishing buoy AtoNs which were reported to be on various trials having aroused great interest. Just one of the many strings to SRT's bow.

[eagle eye] 12/4/2018 10:44

LaVal,
Thanks for your informative post.
Not sure how SRT delivered such a strong performance as no meaningful contracts were announced in H2.
You can tell SRT is looking up.....someone who normally posts a load of neg has gone a bit quiet LOL.

[lavalmy] 12/4/2018 10:09

ee

I am sure SRT will give more detail on the Philippines contract as soon as they can, but it looks to me that they will have sent all the hubs, screens and equipment for the control centres already. That would leave the radars and cameras for the fifteen regional ports to come. For that though, they would need the concrete bases to be poured and cured before eracting the steel towers to put them on. I don't know how long that would take. Then there are all the base stations which may have been shipped already. Lastly, the transponders. It would, all told, be optimistic to expect an enormous amount to be billed in H1. I would have thought the remainder would be H2 and H1 2019.

Ecuador, once signed, would probably follow the same sort of roll-out - infrastructure first, then deployment.

If Kuwait is one of the ME ones, then one or two large shipments, neither in H1 as the Identifiers would have to be ordered.

Lastly, if it is Bahrain stage two, they know where they want to put the three Terma radars, but who knows how long the lead time is? Elcome have recently been appointed to service Terma kit in the ME, as an aside.

So, of that lot, probably only Ecuador would contribute to H1.

[yumyum] 12/4/2018 09:55

Seconded eagle eye. I think that sort of performance (or better) H1 is perfectly possible.

[eagle eye] 12/4/2018 09:53

robward,
I'm quite happy for your Aunt to be your Uncle, if that's what it takes LOL.

[eagle eye] 12/4/2018 09:44

Well done to everyone at SRT.
With H1 revenue of only £2.9m, H2's £10.6m was a creditable performance, even if most of that sits on account receivables.
If SRT could deliver that sort of performance in H1, that would certainly wake a few investors up.

[yumyum] 12/4/2018 07:58

jlo10, I view corporate rating as the analysis of SRT's appointed Nomad and broker.

They have some inside track information and more in-depth analysis, therefore it is kindof trusted by the market (at least in terms of revenue and profit forecast).

[yumyum] 11/4/2018 23:06

Piedro, I think this is for military purpose only. Especially for a missile attack.

[jlo10] 11/4/2018 22:02

Corporate rating
What does that actually mean
I've googled and still not sure