Srt Marine Systems Share Discussion Threads

[muckshifter] 10/10/2018 10:53

Thanks eagle eye, I went back after goodapple said it's working fine and - it was. No idea why it wouldn't earlier, but thanks anyway.

[eagle eye] 10/10/2018 10:36

muckshifter
Alternative link to SRT's webcasts:

[lavalmy] 10/10/2018 10:34

I am not sure about the timing - ST did say 35 days for the bidding period, if memory serves, and that seems to have been shortened considerably to 21 days, maybe because the BFAR faffed around. After that, there is the notice to proceed/contract paperwork to be signed etc, maybe two weeks? I can't make out the work load as described in the four annexes by year (all on the BFAR site) as they are too small, but the financial details seem to be payment of some

£700k 2018
£9.4 million 2019
£15.6 million 2020
£3.7 milion 2021

which all adds up to £29.4 million. How SRT can show that their largest contract to date is at least half of that will probably remain a mystery, unless they sign something pdq with Kuwait/Bahrain. I am sure they have that angle covered. The figures above are for BFAR's payments to SRT per calendar year and probably will not coincide with revenue recognition by SRT which would probably be earlier than that, as well as having a March year end. Finncap or SRT will no doubt be issuing guidance on that when the thing is signed.

All good stuff.

[goodapple] 10/10/2018 10:23

It's working fine here.

[muckshifter] 10/10/2018 10:14

Yes thanks Philburt, but have you tried clicking on it to bring up the webcast? It doesn't work for me.
Regards.

[philburt] 10/10/2018 09:14

MuckShifter - It's at the very bottom of the News page...

[muckshifter] 10/10/2018 09:12

No sign of the webcast on the SRT site yet, how long does it normally take to put them in?

[owenski] 10/10/2018 09:07

Six week fixed process from announcement

[fredfishcake] 10/10/2018 09:05

...and I think he mentioned it was a max of 5 weeks before the winner was announced - so early/mid Dec? Could be a nice Xmas present.....

[alter ego] 10/10/2018 08:52

thanks Countryman, well spotted.

[countryman5] 10/10/2018 08:29

I think that this is what we have been waiting for:-
If you google Philgeps BFAR Philo 2 it shows the rebid document for Philo 2..
Pre bid conference Oct 16th 2018
Bid opening Oct 30th.10.30 am
Page 72 3 D requirement

[lavalmy] 07/10/2018 17:08

And I came across this the other day:



The only thing of note being this:

'The meeting reviewed coordination and cooperation in marine security and the advanced security capabilities achieved by the e-security siege project in the protection of borders, in addition to the efforts to develop the Coast Guard through equipping it with modern technology and providing the latest training opportunities.'

I think I called Brigadier Siyadi our second best salesman. Could be wrong.

[lavalmy] 07/10/2018 14:59

Just got to Sicily yesterday, so have had to catch up.

A couple of things I thought interesting.

He gives quite a lot of detail about the VMS system running on AIS (as opposed to the more expensive CLS type system) with catch data etc being transmitted and later aggregated/audited with landing reports. Sounds quite an integrated system, intentionally put together (mainly for the EU) but using the nuts and bolts of AIS - probably a bit beyond the IMO boundaries of what is supposed to go on on the AIS channels. As is the whole concept of encrypted Class A, unless intended for dangerous waters or for non SOLAS vessels.

Secondly, the hiring. As we all know, they are tight with expenses. As we all know as well, they can jump the gun a bit when it comes to timing. Whichever, it is quite clear that they are hiring data specialists to fuse the information streams of RADAR, infrared etc onto the GeoVS backbone, both for future development as well as to fulfill up-and-coming contracts.

All told, very upbeat. I would suggest the end of the beginning and am looking forward to seeing the good times roll.

Edit: He couldn't resist 'the world's biggest' although this time qualified as a VMS. Also it seems that several projects are due to start in H2 as well as deliveries on their existing contracts, plural, although strictly they have only one of these, viz Kuwait. I imagine he includes the Philippine in existing.

[yumyum] 05/10/2018 13:50

Agreed. A very optimistic and positive comment.

[fredfishcake] 05/10/2018 12:17

"I look forward to doing another webcast in three month's time and you hearing from us in between". He's obviously very confident that one or more of the contracts is going to be signed very soon. Fingers crossed not only that he's right, but payments hit the company bank account in the forseeable future.

[eagle eye] 05/10/2018 10:36

Today's webcast now on the SRT website.
Here is the link. It's in the bottom left hand corner.

[yumyum] 05/10/2018 09:05

Company suspects that in 2nd half of financial year to March 31 2019 they will have projects running in three different continents. Let's hope the suspicion turns into firm reality. If so then we are off to the races (at last).

[baynet] 05/10/2018 09:00

When i said I bought some more had to put a few orders in as stock was pretty limi
ted couldn't even get a £700 order quote this morning at one stage

[baynet] 05/10/2018 08:58

Very positive webcast employed new staff lots of new projects in traction and more importantly existing projects very confident milestones will be met next half year.
Brexit risk virtually non-existent as all major projects outside of europe

Bought some more

[srtceo] 05/10/2018 08:43

REF: TONSIL: The web cast will be uploaded to our web site as usual in the NEWS section. Please see the below link. Scroll down to the bottom of the page to the Investor Webcast section. Please allow a few hours for this morning's web cast to be uploaded.

hxxps://srt-marine.com/news/

[tonsil] 05/10/2018 08:31

Please post a link for people on phones

[srtceo] 05/10/2018 08:26

This is Simon at SRT.

The internet connection at the professional studio (Unique Media) we use for the web casts was unexpectedly interrupted seconds before the start of my web cast, requiring the team to switch to their backup connection. This caused the first part of my cast not to go out live. My apologies for this.


As usual the full unedited web cast will be up on our web site during the course of today. In the mean time, I am happy to answer any immediate questions.


Regards


Simon

[pugugly] 05/10/2018 08:17

There was a short interruption to the start of the SRT Broadcast this morning due to a technical breakdown for which we apologise. We will repeat the broadcast immediately at the end of the session for anyone who missed the first couple of minutes. Simon will be happy to answer any questions you have.

Kind Regards,
Jon Stethridge

-----------------------------------
Jon Stethridge, Director
Unique Media TV – Inspire, Create, Deliver

[baynet] 05/10/2018 08:15

I had to enter again and it was midway through

[pugugly] 05/10/2018 08:09

Running well at the moment