Srt Marine Systems Share Discussion Threads

[hjb1] 24/5/2018 15:59

I remember Tucker years ago saying that when they were to raise funds again he would make sure that us PI's would get the chance to take part, hmmmm!!!!

[lavalmy] 24/5/2018 15:58

Like you got at NIPT you mean?

The announcement on SRT's website is called "Leak Announcement".

[hjb1] 24/5/2018 15:53

DJ, where are you, lol? Not exactly unexpected though was it?
Was anyone aware of any press speculation?
Might be nice if we could get some mates rates too. I suppose the share price tanking gives us the same opportunity now.

[pugugly] 24/5/2018 15:50

LOOKS LIKE PI's STUFFED YET AGAIN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[lavalmy] 24/5/2018 15:42

Looks like there was a leak a couple of days ago as well, so maybe my conspiracy theory was right after all.

Incidentally, did anyone see any press speculation?

[fft] 24/5/2018 15:33

"The Company confirms that it is in discussions with certain institutional and other investors with regard to a proposed equity fundraising at a price between 25 and 30 pence per ordinary share and a further issue of loan notes (the "Fundraising") to raise a total of approximately GBP6 million. "

Looks like those who for the last month or so have been saying there is no cashflow issue may be wrong.... Which may mean the expected money coming in in june may not be happening.

[lavalmy] 24/5/2018 15:07

Come to look at it, the second picture shows what where the new Radars will go. They are the three yellow ones.

[lavalmy] 24/5/2018 12:42

It looks like our other salesman-in-chief, Brigadier Siyadi of the Bahrain Coast Guard, is at it again, this time with the Navcent commander.



You have to scroll down to the article on 21 May. If you click on the article, it pops up in Arabic (translatable via Google), and there are three pictures at the bottom. The first of these shows the American admiring one of our Identifiers and possibly a GeoVS screen.

As I have said before, both Navcent and the US Embassy have been pushing the RADAR project in Bahrain for ages. Probably a coincidence that first the ambassador then the Navcent chief pop round to see Brig. Siyadi.

[yump] 24/5/2018 07:51

Must be the water in those parts.

If there's a £20mln revenue forecast for SRT, given the comments by ST about relatively fixed overheads, then something will give here sooner or later.

[boadicea] 24/5/2018 07:41

Scisys (SSY) actually, in Chippenham.

[yumyum] 23/5/2018 22:06

boadicea....I might buy tomorrow actually.

What is the company near Bath ? Rotork ?

[yumyum] 23/5/2018 22:05

The volume is very small. Classic SRT. Very thinly traded. Small volumes move the price (up or down). No conspiracy theories please.

[crystball] 23/5/2018 19:16

Let's hope so!

[lavalmy] 23/5/2018 18:20

It looks to me that someone has tried to drive down the price by some indiscriminate selling both yesterday and today. For once, HJB and I agree. It is unlikely to be someone who is long and wants to buy back in cheaper. It is much more likely to be someone who has borrowed stock and sold, in reasonably large chunks, to give the impression that someone knows something/something is up. HJB asked yesterday, does someone know something I don't? The same pattern occurred in March and it became apparent later that it was at precisely that time the company issued the new loan note - albeit there were worries about whether they would miss their targets which made the shorter's strategy work better.

I don't think the delay in the publication of the final accounts has anything to do with substantial news, as Boadicea suggests. It has to do with the as yet unannounced Philippines contract and the optics of that, whether to the auditors or us investors, in terms of a £6 million odd receivable. If it is already paid by end July, they can happily say so. If not, then people will harp on again that receivables have gone up and debt has increased etc, and that little management accountant DJ will be infesting the board again. Any delay in the AGM date is a follow-on effect of the delay in the accounts, as well as the summer holidays.

It has been a month since the Philippines gave the nod, so an announcement cannot be far away. As to the other three, I really don't think that SRT will know until a couple of days beforehand when they will actually be signed, so could be anytime really and nothing to do with delayed AGMs etc.

[boadicea] 23/5/2018 16:03

Yumyum - Seems you and I are following a parallel path having sold some (wish it were a lot or even 'the' lot) last Wednesday at 35p+. Now wondering when or whether to rebuy and definitely not in a hurry. It could sink quite a way if, as is hinted by the results and open day deferment to September, any substantial news may be a while in arriving.
Meanwhile my main alternative home for the funds formerly invested here, a company not 100 miles from SRT either geographically or businesswise, is doing notably well.
Meanwhile, 20p might look an attractive re-enrty price now but that is not usually the case when one arrives there!

[yumyum] 23/5/2018 14:16

LaValmy, I do not buy your theory !

I think it is small amounts of spec money moving around as they see fit. I am tempted to buy back last week's sale at 35.6. But maybe I should wait for 20p again at this rate.

[hjb1] 23/5/2018 13:44

any chart followers like to tell me the bottom here? lol!

[yump] 23/5/2018 13:24

I imagine anyone trading would be selling on the basis that the recent rise was about the same % as those earlier ones up to around 60p. Enough people follow charts with the resistances/supports and percentages to make that viable, even if it is self-fulfilling.

[hjb1] 23/5/2018 13:18

yes a contract tomorrow, now what are the odds on that?? Just gotta judge the bottom now if possible.

[hjb1] 23/5/2018 12:54

so, how much lower will this go I wonder?

[lavalmy] 23/5/2018 12:44

It doesn't look like the seller has created much of a stampede, merely a large drop in the price over two days. They will probably have to cover their position on Friday, what with the weekend and holiday. Even funnier if SRT annouce a contract tomorrow.

New issuance of the loan note programme takes 10 days or so to show up on the Bermuda Stock Exchange. We shall see then if I'm correct.

[hjb1] 23/5/2018 10:28

Seller seems keen to offload at any cost it seems, wonder why? Of course MM will play on the sentiment and over do the drop no doubt.
Webcast/news please Mr CEO.

[lavalmy] 22/5/2018 15:48

Reminiscent of March 21/22 when the price dropped significantly for no reason. That was when the second tranche of loan notes was issued. If the same is happening again, i.e. long debt/short equity or even get wind of the debt/short the equity, then maybe SRT would want to have a long discussion with LGB about who they are placing the notes with. It might not be illegal, but they would certainly not want that sort of business.