Srt Marine Systems Share Discussion Threads

[pugugly] 06/6/2018 08:30

Next year has always been promising for as long as I have followed SRT - !!!!

[kinbasket] 06/6/2018 08:27

Worth watching it on replay when you get a chance. VSP is growing fast, there is a lot going on.

No net increase in debt

Building our own Satellite system is on a back burner. It may be easier/better to buy data in rather than build our own so it's in a review stage. More than happy about that.

The next year looks promising. No change there then :-)

[crystball] 06/6/2018 08:24

Everyone is googling 'country with a 4000km coastline'!

[hjb1] 06/6/2018 08:22

short and sweet, nothing new to report other than all is going very well it seems.

[mdchand] 06/6/2018 08:16

For those of us who cant access the website, could someone quickly summarise the key points from the webcast?

[pugugly] 06/6/2018 08:09

He seems more relaxed and confident

[baynet] 06/6/2018 08:06

Has anyone seen the Corporate presentation on the website for May 2018 very useful cross reference for the presentation

[fft] 06/6/2018 08:06

Thanks. Had looked on the main page and investors, then found it under news.

[eagle eye] 06/6/2018 08:02

Hope this helps:

[fft] 06/6/2018 08:01

Can't find....

[fft] 06/6/2018 08:01

I can find the webcast link on the website (mobile).

[yumyum] 05/6/2018 19:46

The 1 mill is clearly a buy.

[philburt] 05/6/2018 16:30

Saw that. Suspect it's a Buy! lol

[hjb1] 05/6/2018 16:24

sizeable £283k trade showing as a 'sell' and the share price goes up..lol!

[lavalmy] 04/6/2018 08:11

Knowing SRT's sense of timing, he's probably got to sign a contract after the fund raise. Sod's law and all.

[eagle eye] 04/6/2018 07:08

WEBCAST DELAYED 24 HOURS:

RNS Non-Regulatory

04 June 2018

SRT MARINE SYSTEMS PLC

Change of date of live webcast

The Company advises that the webcast announced for Tuesday June 5(th) 2018 has been postponed. This is due to Simon Tucker having to extend a foreign business trip unexpectedly.

SRT further advises that the webcast will now take place on Wednesday June 6(th) 2018 at 8:00am.

SRT apologies for any inconvenience that this may cause.

[countryman5] 02/6/2018 02:45

Assuming (it is not wise to assume anything) that SRT is not taken over, where will it be in 5 to 10 years time?(It is not only CLS who are probably contemplating a bid).
Currently the company has its EMTRAK and OEM sales plus the enormous potential of MDM contracts.
EMTRAK is going great guns with a lot of upside with ATONS and Buoy Tracker. Just think of the potential for ATONS around the world near ports and inland waterways and also placing them on buoys so that fishermen around the world can find their pots and prevent other fishing vessels from ripping them out of the water.
OEM sales. SRT has the best AIS kit but there are still about four major maritime electronics companies that do not incorporate SRT AIS in their offerings. There is JRC, Navico, McMurdo and Garmin. If you see any of these coming on board the rest will soon follow, bringing with them several millions of £ pa.
The MDM contracts have the potential to deliver annual sales of between £30 and £60 million pa. As soon as we have a few of these signed up and showing good performance, the world will be coming to MSN. Even the chinese will need to buy from SRT because second rate AIS will become increasingly unacceptable from a safety perspective. Chinese ships have to travel the world. The more AIS signals there are the better the kit has to be so that ALL signals are seen.
Let us not forget that most of the MDM contracts will be followed with satellite data sales which will be recurring revenue. Many millions of £ pa.
Will SRT's product offering remain static? There will always be new products and offerings around AIS which is a new technology. Just think of the potential for search and rescue (SART).
What will the company do with the vast amounts of surplus cash that it will generate? Dividends, share buy backs?
If the Sage of Omaha became aware of SRT he would surely try to buy it but will the current shareholders be short sighted and sell? Will the shares be £10 in ten years time?

[hjb1] 01/6/2018 22:07

YumYum, excuse me! Haven't whinged for a while, so please wake up and pay attention!

[yumyum] 01/6/2018 21:40

Boadicea, I think those with a nose for timing will be buying irregularly for the rest of the year until the share price reaches 45p....75p...125p....and ...as I expect still this year...some takeout price. This current price of 30p is remarkably cheap. I really hope that finnCap present a different share price scenario before the end of the year.....otherwise there will be some sad faces compared to market price and takeout price. I would think an easy doubling of money before Christmas. Might need to sit tight while hjb1 has a whinge for a month or two, of course. Choose your month wisely, eh ? ;-)

[boadicea] 01/6/2018 12:29

mdchand - A minor point perhaps, but basically stock was sold down on lack of firm news and extreme nervousness (at least that's why I sold!) and marked down correspondingly to a support level in a thin market.
It requires a reasonably frequent supply of (good) news to avoid slippage which can develop into panic. Fortunately for SRT there are some stoics who pick up the slack - at a price.
This can be profitable for those with a nose for timing (i.e. on a multi-month basis rather than day or week).

[yumyum] 01/6/2018 12:26

A £40m valuation looks extremely low once existing and some expected contracts get firmly signed. Low by a factor of 2...3...4....

Looking forward to the webcast.

[mdchand] 01/6/2018 11:49

boadiciea - stock was sold down based on a few sales in an illiquid market. However fundamental prospects for the Company have not changed and if anything have substantially improved. Market has absorbed the need for new capital based on improved sales visibility and will, in my opinion, rerate back to 35p. However, a large RNS order could see that push through 35p easily.

[lavalmy] 01/6/2018 11:46

boadicea

I don't know what, if anything, they have done. Generally, either a contract is insured and if you don't get paid you claim against the insurance or an export finance facility is arranged by a bank and payments for exports linked to that facility are covered up to 80%. In other words, the first does not provide finance, the second does. Had their arranged the second, they might have mentioned a new banking facility. I don't know how it would sit along side the secured loan notes either, which rank second to the remaining overdraft. The first type, just insurance, generally covers for payments of up to six months, ruling out the M/E.

UK Export Finance may take a country view and a customer view, but they don't really give a toss about strategy. Either you are eligible or you are not. With the export finance option it is the credit provider who takes the 20% risk, so is supposed to be more involved.

In the RNS, they say 'however going forward this will be minimised through the use of the UKTI export financing programmes which enables risk and working capital to be substantially reduced. This per project working capital from the UKTI export finance programs ...' It looks to me that that is what they will do in the future, but haven't as yet, no matter what ST may have said.

Mind you UKEF can actually look at the whole picture and come up with workable suggestions overall.