Srt Marine Systems Share Discussion Threads

[countryman5] 08/12/2018 14:58

The market did not believe that Philo 2 would happen. It did and the market responded. The market does not believe that Kuwait, Saudi, Vietnam, Indonesia, Bahrain 2 or more from the Philippines will happen. If and when these mega contracts arrive, no doubt the market will respond accordingly.

[lavalmy] 07/12/2018 07:19

I can't see any logic to having AIS and RADAR on the same satellite. Sure there is a logic to having AIS and RADAR sources which can then be correlated but both have to be processed first. An AIS message simply gives the GPS co-ordinates and time that the transponder claims to be transmitting from.

[barrieb] 07/12/2018 07:08

I wonder if they will kiss and make up.

[countryman5] 06/12/2018 20:09

This is the internet and we know that competitors and potential takeover bidders for SRT read the postings on this board.

[countryman5] 06/12/2018 18:32

Where to from here? Most watchers here were not surprised at the recent RNS, although total finance appeared greater than perhaps expected. We know that there is a substantial amount of kit in store in the Philippines that should allow for some early cash. We also know that the company was looking at some form of financing, perhaps through UK gov, to allow invoices to be paid in a timely manner. How soon will company repay its debt? It may be cheaper to keep debt on its books rather than pay for UK gov funding. Watchers here are also expecting other contracts in the near future. Countries could include Bahrain (phase 2), Kuwait, Saudi, Vietnam and possibly more from further Philippines contracts.(Indonesia is substantial and is on hold. The Philippines could wake this one up and this has tremendous potential) It is worth remembering that many of these Countries have two or more potential programmes. Often there is a Coastguard, then there is fisheries and very often ports are a different authority. Logic would suggest that each Country would have just one overall system, but we are not talking about logic. I opened my pot of jam because I believe that the recent RNS marks a major turning point for the company. Yes the cash is relevant but more importantly it sends a message to numerous Countries that SRT is now THE player in this global market. We now have Bahrain and the Philippines acting as our ambassadors to many Countries. Experts will be visiting these control rooms from numerous Countries. How soon will SRT have spare cash? I suspect that it will take some time as generated cash will be used to fund the next contracts. It will be good when SRT can fund contracts from its own resources rather than borrowing money at 8 or 10 per cent. I look forward to seeing the broker upgrade but I suspect that Mr T wants a couple more contracts under his belt. I wonder what CLS thinks about the little upstart from darkest Somerset?

[countryman5] 06/12/2018 16:11

Lav. Spot on, yet again

[lavalmy] 06/12/2018 15:49

I think the Philippines Coast Guard have been to see it.

[owenski] 06/12/2018 15:39

I agree it's not a portent as such, however, as a shop window one couldn't ask for better and the important visitors browsing always notice who uses what.

[lavalmy] 06/12/2018 15:34

Thanks owenski

I don't think it portends though. Simon did say that Bahrain were going to do it with their own money and wanted to make it theirs. Their annual budget is some US$140 million.

But they all flock to see the great man and Simon has said that if you want to know about regional maritime security he is the kingpin. Great that he is also a huge SRT fan.

I also like that Bahrain is now part of that Asian coast guard grouping that meets every year. I honestly don't think that SRT could have won a better project to get the ball rolling. Even the relatively small size is a bonus.

[owenski] 06/12/2018 15:18

LaValmy, that was a very interesting news item.

[dj trading] 06/12/2018 15:10

Yump
As I said above I'm mostly cash given global uncertainty notably Trump Trade Wars, Italian debt/banks, Russian meddling in Europe and of course Brexit! Markets appear very nervous with plenty of sellers and not many buyers currently - no light at the end of the tunnel as far as I can see!

I currently have a small (relative to last year) position in PLUS. Not without risk but liquid enough to trade in and out quickly and some longer term investments in boring high yield stocks especially where earnings are mostly not GPB. In other words not Trading just looking for a relatively safe home for cash. (Sadly most held in zero interest trading accounts so earning -RPI!)

Have a good Christmas - see you in 2019

Dave

[yump] 06/12/2018 14:54

Thank you for the response although my posts were clearly lost on you, although you did say you were an accountant didn't you ?

So have you got a strategy of your own then ?

[dj trading] 06/12/2018 14:40

"YUMYUM4 Dec '18 - 08:17 - 7653 of 7694
DJtrading, do you buy today and hold for a few weeks?"

No - Price had already moved on the gallery picture and I'm generally staying in Cash whilst Brexit plays out!

Yump appears desperate for my attention! (3 posts in a row in just 24 minutes!!!!!)
yump4 Dec '18 - 09:53 - 7660 of 7694
"Re: cash flow... Where is an accountant when you need them - DJTrading - time for your insight on cash flow. Time to post a warning when the price is up - gain some real credibility ! Or not."

yump4 Dec '18 - 09:54 - 7661 of 7694
"A cue for DJT to remind us. That is one fact that an accountant should remember. Or not."

yump4 Dec '18 - 10:17 - 7662 of 7694
"Well the lack of immediate response is disappointing. Candyman, candyman, c....."

Blimey Yump 24 minutes between your posts!!!! - I have better things to do than monitor ADVFN all day. You appear desperate for me to comment!!!

Anyway I have this for you
11.11 am BE "We're back in risk off mode. FTSE, CAC, Dax all off 2.5%,...Brent off 4.8%."

That's from today's FT Alphaville - I know how you hate me using the term "risk off" - so here's a link to today's Alphaville. You can leave your comments for Bryce at the bottom!

[lavalmy] 06/12/2018 11:28

I don't think that we can ever over-estimate the influence of Brigadier Siyadi. It seems everyone wants to meet with him, not out of protocol.



Shame that we cannot track the progress of these M/E projects.

[countryman5] 05/12/2018 17:45

Usually after a contract RNS the share price goes up and after a couple of days profit taking comes along. I was hoping that this might be the case this time.. but I am beginning to have my doubts. A major slice of this company is held by long term believers and they are taking a three to five year outlook. When I look at the register there is not one institution with over 3%. If someone takes a shine to this one and wants to take 5% they will have to bid up.
PS. I opened my pot of jam yesterday and very delicious it was .
Thank you to Louise

[goodapple] 05/12/2018 17:43

C5

Yes, welcome back. Some thought you'd been abducted by aliens.
Or someone from the Far East.

[lavalmy] 05/12/2018 17:03

C5

Good to see that nothing untoward has happened to you.

[countryman5] 05/12/2018 16:33

Stock very tight. Please can sellers step up to the mark. Market makers did not want to quote for a sensible block. Better luck tomorrow?

[lavalmy] 04/12/2018 18:44

Cliffpeat

Yes it was.

I don't want to get your or anybody's hope up or down, but it seems to me that Indonesia is still some way in the future.

[cliffpeat] 04/12/2018 18:09

Was/is the "other" $100m. country Indonesia?

I must have missed an episode or two and trying to catch up.

And thanks for the detective work you and others do to give this board an inside edge.

[lavalmy] 04/12/2018 17:54

Cliffpeat

I can't, at least to people who have an attention span. One has been postponed, the other cancelled and re-tendered.

Bakky, I think it was, supplied the original link to Qnective along with the country name check and photo op for the government ministers. C5 managed to intuitively find the original bidding documents for the Philo 2 project on the BFAR website. Neither of which anyone else here was aware of. It's a kind a magic, I guess.

Point is, that Bakky no doubt posted the Qnective info over there.

[cliffpeat] 04/12/2018 17:29

LaValmy #7681

The March 2016 RNS (MDM System Supply Agreement Signed)refers to the customer as "a large country in Asia". Contract value US$100m over 3 years

On 18 July 2018 the RNS referred to a change in the contract of a "SE Asian" government project announced in "March 2018". There does to appear to have been an RNS in March 2018.

- and today's RNS names the customer as "The Philippine Government".

I can understand some confusion arising.

[owenski] 04/12/2018 17:11

Takes a while for things to sink in and SRT is still probably off the radar to some extent.

Also, a 12% rise in pretty dire markets aint too shabby.

The main point being that, the evidence for those that do watch this is, the sausage machine is now cranking out sausages to go with all the jam. ;-)

Proof of the VPN including other contracts soon expected has gained credibility.

SRT has now firmly moved from just box shifting to also include being a full MDM systems provider - remembering that the core business is expected to grow nicely too, which provides welcome steady revenue streams, there were a few interesting news items in recent webcast looking at some interesting forthcoming deals which will add to core revenue profile.

More sausage than a breakfast can handle.

[lavalmy] 04/12/2018 16:56

No, Hjb1

To be fair you did try to reconnect that poor sap with reality.

Just an example of how little attention people pay to what are enormously significant things - assuming that this Agamemnon fellow is a shareholder or at the very least a follower of SRT. If SRT had had a contract shrunk from £90 million to £31 million, would a 'lukewarm rise' be appropriate or more of a run for the hills?