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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -4.17% | 23.00 | 21.00 | 23.00 | 24.50 | 20.50 | 24.00 | 2,952,395 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Services, Nec | 30.51M | 69k | 0.0004 | 550.00 | 42.34M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/7/2018 13:36 | "Unfortunate post Glavey >> filtered" Instead of shooting the messenger Piedro, perhaps you should try engaging with the question: What rating the debt? | glavey | |
18/7/2018 13:26 | Surely any re-tendering or change of supplier would involve significant delays for the fishing nation. | zingaro | |
18/7/2018 13:17 | Judging by the relatively mild share price drop, there's a lot of people who nowadays with SRT just think 'whatever'. | yump | |
18/7/2018 12:46 | finnCap reiterates at 75p. Nothing much seems to fluster them. | lavalmy | |
18/7/2018 12:07 | I assumed (incorrectly) that the French ODA loan would cease to be the avenue of finance with CLS off the scene. So the SE Asia Project (assume Phillipines) have approved the budget and will utilize it's own funds to finance the contract. Re-tendering suggests another supplier might rejoin the fray. Some will say here we go, another Indonesian situation. But with budget sign off and funding available, this appears a delay rather than postponement. I think CLS must be gutted as they have been unable to secure this contract even with their own finance in place. I guess you pay your money and take your choice. I've retained my holding in SRT. | eagle eye | |
18/7/2018 11:34 | Piedro Might be true of other places, India sticking out like a sore thumb, but I really don't think that SRT are being pushed around in this case. In fact, they have pushed out the incumbent, CLS, who had the benefit of a pre-financed bid on favorable terms and that agreed since 2015. If anyone was being milked here, it was them. That SRT have pushed out CLS, who are a relatively small company but with extremely influential shareholders, has not been recognised nor will it be until the contract is formally awarded - but it is, IMO, an enormous success. | lavalmy | |
18/7/2018 11:31 | Orang-orang yang sangat licik filipinos ini | pugugly | |
18/7/2018 11:21 | Unfortunate post Glavey >> filtered I think SRT needs to rethink themselves. It would seem that they are just too small a company to be able to deal with Asian governments on equal terms. Presumably all the technical, legal and planning consultations have been free of charge. Old trick !! | piedro | |
18/7/2018 11:02 | C5 From the RNS: 'In March 2018, SRT was directly awarded a Euro 28.5m contract by a SE Asian government..' Not even a string of onions and a beret! As for your ludicrous suggestion that I do not exercise my rights as shareholder to express my extreme disapproval with the corporate governance of a company which I partly own, but instead sell, well... | lavalmy | |
18/7/2018 10:24 | A FTSE company would be off more than this on the strength of this news. Makes one wonder... Jam for sale - get yours now! Jam Sir? Certainly that'll be £2.50 a jar. We are expecting the delivery next week. You'll look in later? Well, you could do that Sir, but might I suggest you reserve some now. Once it arrives the word will get out and everyone will want some so it'll probably be £3.50 a jar or more by then. Supply and demand Sir you see, supply and demand. A deposit? Unfortunately not Sir, we'll need the full amount. You wouldn't want to miss out now would you?! Next week a notice appears in the window. Unfortunately the Jam is delayed as our supplier has cancelled the delivery. We are expecting it sometime next year if we are able to come to an arrangement with the supplier. Q. What rating the debt? | glavey | |
18/7/2018 09:51 | LAV, SRT would have known the need for a french 'presence' in the Philo 2 bidding and would have delivered either by having a french partner or creating a french subsidiary. With regard to Non exec directors, I like NEDs with substantial shareholdings and Simon Rogers ticks my box. You appear to be now critical of ST.I understand that Ian Laing is a substantial shareholder and anybody over 3% is deemed as not being independent. I very much doubt that he would want the job, even if invited. This is a small AIM listed company where there is a VERY able CEO who is the company. As the company grows I am sure that he will be looking to step back from his enormous work load. For those that have met him it is obvious that his vast abilities are devoted to the company. Please don't try and knock someone who is working their butt off for the company. If you don't like the kitchen and what is going on you can choose to leave. PS I have just added. | countryman5 | |
18/7/2018 09:44 | ...and I thought I'd done well to top up below 30p earlier this week, sigh. As long as we DO get the revised contract this is by no means the end of the world, but that jam keeps moving towards the back of the cupboard with this share. | fredfishcake | |
18/7/2018 09:17 | C5 The Philippines had their yellow card lifted in 2015, shortly before the Philo Phase 1 contract. No matter how many times you repeat this, SRT is not a French company. The loan was only available to a French winning bidder. SRT knew this. | lavalmy | |
18/7/2018 09:12 | I think the overarching problem here, of which this current episode is a symptom, is that SRT has a dominant CEO without the counterbalance of an effective, independent Board. Particularly so when the CEO is from the sales side of the operation. Rogers is not independent, just leaving the newly appointed Mr Finn to put a stop to this sort of thing. Maybe it was Finn and Rogers who put their foot down as the members of the audit committee, but it was more likely the auditors themselves. Whatever. I was going to vote against the adoption of the accounts at the AGM. That will no longer be necessary. I do think that shareholders will be better served by having a majority of independent directors on the board, even if a majority means that the Chairman has a casting vote. So I would suggest that Rogers step aside and that two new independent directors be sought. Laing is a name that comes to mind, if he were willing to tie his hands with regard to dealing in the company's shares. In the modern age, a woman would be ideal as well. | lavalmy | |
18/7/2018 09:01 | The Philippines are subject to a yellow card with regard to fish exports to the EU. The pressure will be on to prevent a red card. SRT will be required to deliver the Philo 2 contract ASAP. The delay is due to the French gov and its failure to implement their promised ODA loan. There would appear to be some substantial contracts (ports etc) coming on behind Philo 2 and the french will not be in with a chance. As soon as SRT becomes the Philippines preferred supplier there will be many years of revenue to flow to MSN. Not only that, but the Philippines becomes a great shop window for other Countries to view. | countryman5 | |
18/7/2018 08:48 | surely the old law of averages says we must cop for some good news with these contracts soon.Gonna be another second half weighted year,....now where have we heard that before?? lol | hjb1 | |
18/7/2018 08:44 | boadicea I reckon it never left the bonded warehouse - would SRT have paid cash import duties without a firm contract? | lavalmy | |
18/7/2018 08:17 | I think the return of goods to SRT is a technicality to enable them to value it as stock rather than as bad debt. Where ever the stock is it must be seen to be bonded under the control of SRT via its own agent etc. | boadicea | |
18/7/2018 08:13 | trades going through at 26p | hjb1 | |
18/7/2018 08:10 | Disappointing indeed, but MM appear to have a buy order as marking sells as buys! | ramnik007 | |
18/7/2018 08:04 | This is why peeps take the vsp with a pinch of salt! I wish he would stop with this vsp stuff! | hjb1 | |
18/7/2018 07:53 | Thanks LaValmy. I think that for those who are patient (and heaven knows some of us have been), this will pay off. It's a knot, but it will unravel over the next 12 months. | 2vdm | |
18/7/2018 07:41 | fft I wouldn't worry too much about what ST says. He is only trying to cover his privates with this notion that they have actually delivered anything at all. How likely is it that they managed in two weeks to deliver one third of four year contract, a contract, we are always told, which is complex etc.. Probably some of the kit is from the Indonesian contract. I think that the difference here is that there is a clear, verifiable paper trail in the Philippines about this project, even if SRT are not mentioned by name. As mentioned a couple of days ago, they are moving ahead with the regulations etc. And, I think, at least one bit of the RNS is accurate, viz, that they only found out yesterday that their finesse wouldn't work and that the internal funding had cleared the final hurdle. | lavalmy | |
18/7/2018 07:40 | Already marked down by MM's 30% to 20/22. Will this hold or crash below 20p offered? Probably not (imo) a buying opportunity except as a gamble - Forward vision very foggy - AIS and radar not working - | pugugly |
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