ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

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 23601 to 23625 of 29875 messages
Chat Pages: Latest  955  954  953  952  951  950  949  948  947  946  945  944  Older
DateSubjectAuthorDiscuss
11/1/2019
16:46
LaValmy, what you say on The Philippines is indeed intriguing and very enticing. If it is even half true then SRT shares should motor on through £1 per share.
yumyum
11/1/2019
16:15
Thanks LaV, I was due a bit of luck! :)
philburt
11/1/2019
16:07
LaVal,
I'm often told charts are a load of rubbish, but personally I'd rather invest with a trend rather than against it.
Some investors will be buy breakouts, others moving averages, but when fundamentals and technicals come together, the line of least resistance can be very rewarding.
If it's a company addressing a rapidly growing market with strong industry drivers, then more to the good.
Still risks here, but UK Export Guarantee will ease the cash flow cycle.
Lots to like here, but I know you don't need convincing LOL

eagle eye
11/1/2019
15:59
Remind me not to go into the business of making short-term predictions!

Still, on the bright side I am actually finally in profit after eight years, let's see if I stay that way.

fredfishcake
11/1/2019
15:47
ee

Do you think the chartists will be piling in? I am ignorant of the art.

lavalmy
11/1/2019
15:46
I have been mulling over the Philippines comments in the webcast.

As you all probably know, I have argued that some of the elements included in the Philo project have little use in a VMS system, such as the RADAR and Infrared cameras at the regional ports. The Philo project covers only a limited number of vessels, so the number of RADAR targets at these ports will greatly outnumber those covered in the project, rendering the RADAR practically useless as a tool. In the webcast, Simon was pretty clear that he expects almost $200 million in business from the Philippines in the next three years. I would argue that the confidence he has in that happening is directly a result of the Philo project containing elements that are part of the bigger picture and that the projects are inter-related.

Well done Philburt on the timing. I'm rubbish at that, as is obvious.

lavalmy
11/1/2019
15:40
Breakout and new 12 month high at 36-37.5p.
Decent volume too at 498K.

eagle eye
11/1/2019
15:33
Yes, I added after ST's update. I have been disappointed before, but I agree with Philburt about it becoming a compelling story. seems to be some buying today.
2vdm
11/1/2019
12:39
Makes sense, crystball.

£50m mkt cap now looks far too low if another contract or two come in, in short order.

yumyum
11/1/2019
12:34
...and now I come to think about it, that webcast gift cannot be about a small contract, so surely a bigger one.

Keep in mind that the previous webcast expressed realistic hopes of 3 contracts in operation before 31st March this year. 3 different continents I think ?

yumyum
11/1/2019
12:31
I didn't have any confidence after what we were told last July and at that time did not feel comfortable with the level of risk I was taking. Now, having seen the latest webcast, I feel more confident for SRT's prospects.
crystball
11/1/2019
12:22
crystball.....was it the ST giveaway in the webcast that persuaded you ?

Anyway, a great move for short-term before end of Feb profit....or longer term for the real value of SRT. If we get over £100m mkt cap maybe some eco funders will start loving SRT's good actions on the seas and fish of the world.

yumyum
11/1/2019
11:24
crystball - congrats. I've tended to build slowly over the last ten years or so and, wisely or not, I've resisted the urge to trade in the short term to take profits. My target has always been circa 250k shares as a holding, and I've just about reached that now, so time for me to stop buying! :)
philburt
11/1/2019
11:08
I've doubled my holding of SRT back to where I was last July.
crystball
11/1/2019
09:29
The market may well be slow to react to the improving SRT story, but I agree that a significant re-rating is possible by end of February (and increasingly likely through 2019), so have made a modest increase in my holding today. It meant liquidating other funds, but on balance I find this the more compelling investment. I'm not operating at the same heady levels of investment as some on this board, but opportunity costs exist for us all, and I suspect the decisions are just as difficult for each of us.
Many thanks again to all contributors over the previous year(s) on this excellent BB.
Good luck to all (whatever your investment timescales) and, as always, DYOR. :)

philburt
10/1/2019
15:24
I guess some of these countries only pay cash up front when they're buying London properties.

Perhaps SRT should get a ship over there and take payment in oil while the crude price is low.

yump
10/1/2019
14:57
FreshFishcake, fair point.

Anyway, nice to be in upbeat mood on SRT.

yumyum
10/1/2019
14:12
C5

I think the discovery of export credit facilities has moved the goal posts a bit on that. The likes of the Philippines are fairly prompt payers once the invoice is signed off so they shouldn't be a problem. The M/E is the big problem, though I think Bahrain are reasonably reliable. A couple of AGM's ago, Simon did mention that they paid up although with scant correlation with invoices/contractual terms. Kuwait still hasn't paid up, but when it restarts they will pay some of the outstanding - the rest will have to be financed. Saudi will definitely need financing. At $45 million over two years, SRT could be looking at a $15 million of cash costs before they pay up a dime. It puts the £3 million odd of existing debt into perspective. As I said yesterday, we should be looking at a net cash inflow of £12 million less retentions from the Philippines in the next twelve months. 2020 is my best guess as to when they have a large enough cash pile.

lavalmy
10/1/2019
13:53
If and when contracts arrive, some will require funding to allow delivery milestones to match each national budget criteria. The Philippines might require such financial assistance. I am assuming that the next few contracts will provide the cash buffer to allow all debts to be repaid and also fund any future budget requirements of contracts.
SRT has the potential to throw off a lot of cash. Firstly debts need to be repaid, then a pot needs to be held to fund the delivery of certain national contracts. After that (I believe that with a fair wind we are talking 2019)what will the company do with spare cash?
Some shareholders might like a dividend, some might like share buy backs. As the saying goes 'Cross bridges when you come to them'

countryman5
10/1/2019
13:30
I probably have to agree with both points of view. I don't like to use the words 'the market' but the market can have a very short memory and allegedly looks forward. So whilst their is a good chance that the full impact will be ignored etc as Fred says, there is a chance, probably a smaller one, that the market will get over-excited as a flurry of contracts comes in. There might be a small army of ex-SRT shareholders or people that looked at it over the years who will pile in when the news is unambiguously good.
lavalmy
10/1/2019
13:10
My point is that there's a good chance that the full impact at least of contract wins/broker upgrades is likely to be ignored by the market. If you were to redefine 'short-term' as buy now and sell after final results in July, I'd be inclined to agree with you. Buy now and hold while a juicy stream of divis rolls in over the next ten years is likely to be an even better approach.
fredfishcake
10/1/2019
12:41
FredFishcake,

You say:
''I suspect this gives us a big opportunity to top up at low prices as long as we have a proposed investment timeframe of a year or more rather than months.''

I rather disagree. The webcast as good as states there will be contract news before end-Feb and that new broker forecast will be delayed until that information is known (and 100pct certain, which right now it is not of course).

It is a DJT opportunity, buy today and sell sometime in Feb. Maybe that is too long for DJT, but anyway it is a fairly short-term trading gift.

I have no money which is frustrating as this really does look like a gift. Only available to those who carefully watched the webcast. As LaValmy says, very few people will have watched the webcast.

yumyum
10/1/2019
12:12
Lets hope its one of those shares that in a few years time, will make the current share price look like a straight horizontal line on the chart and make people wonder what happened to jump it onto a whole new level.

I could do with one of those !

yump
10/1/2019
11:50
Also, there's a lot of history of missed forecasts etc to overcome. Looking at last year's year end trading update, published 11Apr18, it states revenues of £13.5 million. As we know, this later had to be restated to £5.3 million.

I'm not blaming SRT for this, but given this history you can understand the market treating forecasts and news of contract awards with a pinch of salt. I suspect this gives us a big opportunity to top up at low prices as long as we have a proposed investment timeframe of a year or more rather than months.

Final results last year were published end July. If this year these show wodges of cash received, with multiple contracts awarded and ideally the start of a dividend payment (no matter how small), then only then will we see the share price start to motor. All IMHO of course.

fredfishcake
10/1/2019
11:45
I should add though that at the moment the lack of interest works against the share price or at least any meaningful, sustained rise. When that changes, with the contracts and much higher forecasts, that will play into our hands, as well as the relatively tightly held shares. So I imagine that SRT will undergo the sort of rapid rerating that is seen from time to time and stay there. February, as YumYum says, seems to be about the time.
lavalmy
Chat Pages: Latest  955  954  953  952  951  950  949  948  947  946  945  944  Older

Your Recent History

Delayed Upgrade Clock