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SRT Srt Marine Systems Plc

29.60
-0.40 (-1.33%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Srt Marine Systems Plc LSE:SRT London Ordinary Share GB00B0M8KM36 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -1.33% 29.60 29.00 30.50 30.00 29.75 30.00 125,959 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 30.51M 69k 0.0004 743.75 57.26M
Srt Marine Systems Plc is listed in the Communications Services sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 30p. Over the last year, Srt Marine Systems shares have traded in a share price range of 28.50p to 68.00p.

Srt Marine Systems currently has 192,457,939 shares in issue. The market capitalisation of Srt Marine Systems is £57.26 million. Srt Marine Systems has a price to earnings ratio (PE ratio) of 743.75.

Srt Marine Systems Share Discussion Threads

Showing 22801 to 22820 of 29875 messages
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DateSubjectAuthorDiscuss
09/7/2018
13:42
For anyone who thinks Shrimp is just a minor issue, its one of the most versatile bases for a dish:
yump
09/7/2018
13:17
A bit more on Vietnam:

'Last October, the European Commission (EC) issued a "yellow card" warning to Vietnam, after the country failed to demonstrate sufficient progress in the fight against illegal, unreported and unregulated (IUU) fishing worldwide. This has been seen as an action that may affect the ratification of EVFTA.

Co-chairman of EuroCham Nicolas Audier affirmed that the ratification of the EVFTA as a whole will be put in question due to this yellow card. However, he said that European institutions and Member States are monitoring Vietnam’s efforts in modernizing its legal framework and enforcement thereof.'

So there is a clear link between the free trade agreement and the yellow card, and any hold-up in ratification means a delay in the introduction of lower tariffs for Vietnamese exports to the EU (trade is hugely in favour of Vietnam, so lower tariffs will benefit Vietnamese exporters and/or Eu consumers).

When it comes to shrimp, the bonanza will be huge. Vietnam exports about $800 million (and growing) of mainly raw or processed shrimp. The import duties for the former will fall from 12.5% to 0% as soon as the agreement comes into effect, for the latter from 20% to 0% seven years after. Their main competition is, incidentally, Ecuador who are already on the lower tariffs.

If half of the exports are raw, the reduced tariffs would equal $50 million p.a. at current import rates - how that would be split between producers and consumers is anyone's guess. That explains quite easily why VASEP (the exporters group) is keen to have the yellow card removed and puts into context the relative cost of implementing a proper VMS versus the immediate potential gains. Not to mention the other sectors which would benefit from the free trade agreement.

lavalmy
06/7/2018
17:48
LAV. Your Saigon research was v good. Clearly Vietnam is going to happen, with SRT In with a good chance. I believe that this was in last agm presentation at about 35 million.??? Looks like this autumn.these contracts always seem to take several moons to arrive. Gallery and snippets would suggest the following might be on the near agenda:- Indonesia Quenective (currently on hold), Indonesia fishing, Bahrain, Kuwait, Saudi, Philippines. Vietnam and Thailand. Clearly the market does not believe that the VSP is credible. I get the impression that the UK gov is now supportive of SRT with export guarantees. This should make a huge difference for cash flow. I guesstimate that nearly 50% of shares are held by a small number of people. If an institution wants to take a 5% stake they will need to be patient and also bid up.
countryman5
06/7/2018
10:33
And the private sector, who do most of the actual exporting, are right behind it.

'Nguyen Hoai Nam, Vice Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said more than 60 businesses are committed to eliminating IUU fishing by buying seafood only from legal ships with clear origins. He said: "The Association’s businesses expect stronger measures from local authorities. We need to implement the Fisheries Law and the Prime Minister’s resolutions, decisions, and instructions to prepare for the EC’s inspection trip to Vietnam next year."

lavalmy
06/7/2018
06:10
The Saigon Times has an interesting article:



'A detailed roadmap should be prepared to install monitoring systems on fishing boats measuring 15 meters and longer and satellite-positioning devices on boats that are at least 24 meters long, while ensuring compliance with requirements on the operation of these devices when the fisheries law comes into effect early next year.'

The Vietnamese are taking the yellow card seriously, and I would expect that if they are going the AIS ground station/satellite add-on route with SRT, then conclusions and contracts on this will be decided in the coming months. All indications from the PM's circular in January suggest that this is the route that they have already decided on.

lavalmy
05/7/2018
10:40
Interesting now you come to mention it that it doesn't specifically mention AIS. I wonder if it's the GEOVS analysis of radar and any other tracking methods available that they're after at this stage? Obviously you could exclude local vessels if you could identify them via AIS in future.....
fredfishcake
05/7/2018
10:10
2vdm - I think the "foreign vessels" are probably an order of magnitude larger than the local fleet - possibly factory ships.
boadicea
05/7/2018
07:28
...or was it pots of jam?
2vdm
05/7/2018
07:14
At least we see a spike up on this news. As hjb1 says, shame there's no indication of scale, but let's hope this is the first of the fleet of buses!
fredfishcake
05/7/2018
06:52
Can someone explain please? The RNS states : "The agreement requires SRT to supply and install its GeoVS display and analytics system in Ecuador and a feed of customised satellite monitoring data over a three-year period for the specific purpose of detecting illegal fishing activities by foreign vessels in and around Ecuador EE".

It then goes on to say: "We look forward to developing this relationship further in the future which may include expansion to include coverage of the local fishing fleet."

How do you stop illegal fishing without covering your own fleet with some form of AIS transponder, or have I misunderstood?

2vdm
05/7/2018
06:22
Bahrain provides the reference point and example for other countries in the Middle East. Ecuador will do the same for South America. Years of roll out to come. Well done to the SRT team. I understand that Jacob Rees-Mogg is the MP for MSN. Perhaps he will highlight that there are UK companies that export around the world.
countryman5
05/7/2018
06:21
decent news to start the day, would have liked to get some figures and timescale with it though!
hjb1
03/7/2018
16:17
Hi EC,

May be that SRT just want a bigger time window in which to allow a contract or two to be RNS-able...?

ATB

extrader
03/7/2018
14:01
Results 23 July.

Over one month later than for any prior year, which is perplexing.

effortless cool
03/7/2018
13:57
"Greater detail will be available with the results later this month.'"???
goodapple
03/7/2018
13:48
Thank you LaValmy. I am glad to see finnCap sticking their reputational neck out and saying that they feel SRT is ''deeply undervalued''. I agree of course. finnCap's Target price (p): 75.0
yumyum
03/7/2018
09:53
LaV - Thanks for the update.
philburt
03/7/2018
09:50
finnCap's take on the JRC deal:

'The global provider of maritime management and surveillance systems and the leader in AIS technology, has entered an OEM partnership agreement with Japan Radio Corporation (JRC) of Japan. It will supply JRC with AIS product solutions customised and branded to JRC requirements. We are not changing forecasts at this stage but this is a very encouraging development, which will help to underpin the recurring revenue base. Japan has several suppliers of AIS technology and it is very encouraging that a UK firm such as SRT has been selected for such a prestigious long-term contract. We continue to feel the business is deeply undervalued, with significant project deliveries expected over the next few years. Greater detail will be available with the results later this month.'

lavalmy
02/7/2018
10:57
I trust when jam tomorrow becomes jam today that the share price will respond with considerably more enthusiasm than it has to today's positive news.
goodapple
02/7/2018
09:48
Muted share price response....too much jam 2mrrw. Havent started the last lot yet.
srtshare2
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