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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 |
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