Srt Marine Systems Share Discussion Threads

[hjb1] 21/5/2018 11:53

40% lower, and better performance,...sounds good!!





The SRT VMS System delivers a complete turn-key fisheries management solution at a cost which is up to 40% lower than traditional VMS systems whilst simultaneously delivering better performance, reliability, functionality and future proof flexibility.

Proven around the world, the SRT VMS system includes functionality such as reliable ultra-low cost global tracking of any vessel and type and size, electronic fish catch reporting and auditing, advanced vessel ELOG system, integrated aquatic environment monitoring and modelling, and automatic IUU detection using advanced AI technology.

The SRT VMS system seamlessly fuses multiple data sources, Radar, AIS, Optics and others, both satellite and terrestrial, into a single data set which is then subject to continual analysis by our specialist AI systems which continuously analyse the behaviour of all vessels automatically identifying suspicious activity and creating detailed alerts with full evidential audit trails.

Simon Tucker, SRT Marine Systems CEO said: “Again SRT is leading the way in VMS fishery monitoring systems through the intelligent application of advanced technologies that empowers our customers with the tools and functionality they need on a daily basis, with full ownership and control of their data locally. Our ability to continuously track and monitor tens of thousands of vessels simultaneously across extended port, coastal and ocean EEZ’s and automatically identify, alert and track IUU fishing is unique.”

[goodapple] 20/5/2018 11:55

If there's to be a May webcast this year, it'll be getting flagged up this week I presume. Apart from the obvious interest in progress on projects, I hope we'll hear a bit more about the fishing buoy trackers, of which the Chairman stated in the first half report last year:

"New product launches, particularly Buoy-Tracker which enables small buoys such as fishing buoys to be electronically marked, have been received by the market with considerable interest; one opportunity alone in the UK could be worth over £1 million in revenue."

This kit has been on trials for some time now. One hopes the 'considerable interest' is translating into some worthwhile orders.

[countryman5] 20/5/2018 03:35

The current forecast from the broker is 2019 Revenue 20.5, PBT 3.2 and 2020 Revenue 26.2, PBT 5.3. I believe that we will soon get an upgrade which will light a fire under share price. Last AGM presentation identified £77 million under contract and £270 million VSP under negotiation. I am anticipating annual revenue of 40 to 50 million soon. So many countries need SRT systems either to comply with EU fish sales or else for the security of waters and fishing. Countries currently flagged up are:- Philippines, Indonesia, Vietnam, Ecuador, Kuwait, Bahrain, Saudi Arabia, UAE, Mexico and Oman. Many of these potential contracts are about $50 million. There are also the EMTRAK and OEM sales

[philburt] 16/5/2018 14:13

LaV, many thanks for the input. Phil

[lavalmy] 16/5/2018 14:04

Possibly something to do with the Bahrain project:



Translation:

'At the beginning of the meeting, the Commander of the Coast Guard welcomed the American Ambassador, praising the joint efforts and the development of relations with the US Coast Guard in general and the relationship with the US Marine Activities Support Center based in Bahrain, especially with regard to cooperation in the field of upgrading maritime security to serve the common interests.

During the meeting, they discussed areas of joint action and coordination between the two countries at all levels to reach an advanced system that supports maritime security.

In conclusion, he briefed the US Ambassador on the work system at the Maritime Operations Center, where he expressed his admiration for the system of work and development in the use of technologies to ensure the provision of advanced security services, and wished the leadership of the Coast Guard further progress and success.'

I know that the US Navcent and the embassy have been pushing for a new RADAR system for absolutely ages and funding for it from the US - Bahrain, contrary to perceptions, is not rolling in cash. Though once they get their new oilfield going things might change.

[philburt] 16/5/2018 13:19

EE - I don't think the institutions hold sufficient shares alone to swing a 'cheap' takeover, whatever their aspirations!

[lavalmy] 16/5/2018 12:35

I think that, as and when these four contracts come in, the share price will gravitate towards that anyway or at least to new highs. Over and above that, I guess evidence that the order pipeline is being replenished will be required. Let's say they can bring in one or two a year - that should be sufficient to get the price into the 3 digits.

[eagle eye] 16/5/2018 12:20

C5,
A takeover could be possible, but it might not be at 'many times the current price' as you suggest.
If a bid came in at 75p, I'm sure many institutions/investors would be happy to walk away with a quick 100%+ profit (based on today's 36p).
SRT listed in April 2004 at 40p, so a 75p takeover would see a return of 87.5% in just over 14 years, which equates to an annual return of only 4.6%.

[2vdm] 16/5/2018 11:57

Let's hope we get re-rated before anything happens and that means contracts, signed sealed and hopefully paid for. Good to see that someone just bought 100K at 36p

[goodapple] 15/5/2018 14:06

Let us know when you get the phone call C5? :0)

[philburt] 15/5/2018 13:10

C5 - I agree and hope we're right! :)

[countryman5] 15/5/2018 12:59

50% in a very few hands. I suspect these holders have a fair idea where this one is going. There will be a takeover, that is inevitable but at many times the current price.

[2vdm] 15/5/2018 09:55

I can't see a takeover until they have completed and banked a major project.

[yumyum] 15/5/2018 09:12

I have sold a very small part of my holding today at 35.6p. Basically taking profits on (some of) the shares I could not resist buying recently at prices between 32p and 20p.

I remain massively bullish on SRT. I am hopeful of a takeover this year.

[yump] 14/5/2018 15:07

Or at the very least, if a lot of resources are going to be taken up on a massive project, then a massive upfront payment.

It sounds pessimistic, but even very large companies taking on record-sized projects, can often put themselves at risk. The 'one big win' isn't necessarily good for a smallish business, especially when it involves payment through a third party and the final customer isn't exactly known for rapid payment.

[papy02] 11/5/2018 11:52

Hope they give Indonesia a miss. Don’t want to join the shareholders of Avanti or Churchill Mining facing wipeout thanks.

[fft] 11/5/2018 11:23

So which project is 'in' (as per ST at Mello) ?I wouldn't be surprised if his nomads haven't given him a talking too about that. It's not the right way to run things.

[eagle eye] 11/5/2018 10:29

Good spot BarrieB,



The Gallery shows:

5th April: 'Indonesian Port Authority discusses adoption of SRT VTS System'

Also 2 pics dated 26th April:

'GeoVS being presented for massive Indonesia SMART port program'
and
'GeoVS Dynamic 3D display function demonstrates enhanced situational awareness'

[barrieb] 10/5/2018 23:51

It looks as though Indonesia is still just alive and maybe starting to kick based on the Geovs presentation pics on the web site where they state massive smart port programme!

Lets all hope they are successful as they deserve it for the quality of product, foresight & development of systems, tremendous effort and enduring patience.

Come on SRT you can do it.

[fredfishcake] 10/5/2018 15:56

Blimey - at this rate I'll be back at breakeven tomorrow!

[boadicea] 10/5/2018 14:26

Some very odd trades reported today.
Why is someone apparently offering or selling stock at 32.8p while there is a bid of 34p?

[yump] 10/5/2018 12:10

Wonder if we'll get the 3 buses at once thing happening...

[goodapple] 10/5/2018 11:28

Should be a webcast this month?

[yumyum] 10/5/2018 11:26

With t/o forecast for y/e March 31 2019 £20m then it implies decent profitability (and big growth in the wings as usual...). Cheap growth stock at this price.