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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Srt Marine Systems Plc | SRT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 3.57% | 43.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 43.50 | 43.50 | 43.50 | 43.50 | 42.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 08/10/2024 05:51 by countryman5 Some rambling thoughts from a long time shareholder.This board has always had some dedicated posters. There used to be Prophet, who did a lot of research. He has been replaced by Lav, from Sicily, I believe. I remember about four ‘Names’ having a meeting with Simon at MSN. I believe AE was there. I still drive the same Toyota Auris which took me to MSN, in the early days. I used to note the RR car of Simon (not a roller) parked outside. I remember him talking about the cars he was once shown in the extensive garage of a leader from one country, he was visiting. He must have clocked up more air miles, than most. I suspect that he has met numerous World leaders, and he has the PR to carry it off. He is a superb salesman. I bought into his vision. I remember when Geovs, which was a university spin-off, was bought. Simon has always managed to find the money to keep the company going, during its growth stage. No mean feat. My understanding is that the loan company (soon to be made redundant), which underwrites SRT’s finances is a group of high worth individuals, of which one is a major shareholder. I remember when the BFAR /IMEMS contract with the Philippines was announced. I believe that it was about $32 million. This was a very major news story. I remember the company headcount stood at 48. Now I suspect it is nearer 148, and fast growing. One of the problems with SRT is MR. T. He is the face of the company and everybody only wants to deal with him. He needs one or two very able salespeople to do the ‘donkey’ work. I remember, not long ago, when the company issued a VSOP (Validated Sales Opportunity Pipeline) of $400 million and people ridiculed it. That figure is now a reality. The new figure is now in excess of $1 billion and that is also ridiculed. SRT has many attributes, apart from the team. It is the global leader in a new high-tech arena. It has Warren Buffet’s ‘economic moat’. This means it is difficult for others to compete with. I suspect that the recent contract win had Airbus, Leonardo and others competing. SRT is now competing and winning against global large defence contractors. SRT will be coveted, but fortunately it is controlled by a handful of large shareholders who appear to have a long term vision. It is obviously a potential takeover target, but not yet! Where are future sales coming from? The Philippines has lots of potential, both fishing and coastguard, with China and IUU fishing the main drivers. I believe that the US navy is a great fan of SRT. It knows about the company because of its base in Bahrain. I suspect SRT comes highly recommended to numerous coastguards on various continents, of which we know little. It would be good for the Philippines government to sort out the politics of its large fishing fleet. This will allow the Supreme Court and Ombudsman to allow the monitoring of fishing and allow BFAR to move onto the next stage of development and utilise World Bank loans, which have been agreed. Global fishing, with financial support from the World Bank, has so much potential. I look at Saudi, its wealth and its enormous coastline and I recognise that there is so much potential in years to come. Another key to SRT’s future is the ‘follow on’ contracts. Once a country selects SRT for its first contract, it feels obliged to continue for future contracts. Another key feature of the SRT approach is the selection of reputable in country partners. They supply the team with the screwdrivers! Invariably they have a good relationship with the various governments. They understand how these various governments work. So very important. I should not forget Louise and EMTRAK, DAS and Nexus. This is such an exciting company to be part of. |
Posted at 07/10/2024 11:34 by fft And, while I am here, is the 213m just for the SRT part of the contract, or does it also include all the physical infrastructure that needs to be built - control rooms, towers etc, which SRT will need to buy from local contractors in which ever country it is.Is the maintenance part just for the SRT equipment or will it also include maintenance of the physical infrastructure including radar, towers etc ?Basically, is SRT only responsible for it's own stuff or is it having to expand and manage areas outside its in-house capabilities? |
Posted at 07/10/2024 07:13 by countryman5 Congratulations to Simon Tucker and his team at SRT Marine. This recent contract award is the result of an enormous amount of work. However, some might say that the hard work has only just begun! SRT is now the undisputed global leader in Maritime Domain Management. Airbus , Leonardo, CLS and others are merely spectators. When Indonesia and Saudi contracts start later this month, the cash will be flowing to MSN in abundance.SRT is now a rare beast on the UK stock market. It is a fast growing, high technology company, which is the global leader in its area of expertise. If the major shareholders keep their nerve, hopefully it will remain independent for some time. Although the CEO has to make everything happen, there are some key players who are indispensable. These include Neil, Richard and Louise, who have been on board for many years. Thank you. We now know the winner of the SRT stakes at MSN.(Winner not allowed to be identified) Who will come second, third and fourth out of Indonesia, Saudi and Bahrain? I note the words in contract 'fixed and MOBILE sensor platform'. Is this the first outing for Ocean infinity? They have clearly picked a winner with their 8% stake in SRT. Not only have they chosen a rising star on the UK stock market but their 8 % stake puts them in poll position when the group of large shareholders agree to sell (£500 million market cap?) Fortunate are those who find stock today. ST of Investors Chronicle usually posts on line on Tuesdays and hard copy Friday. |
Posted at 30/9/2024 17:15 by countryman5 LAV... You have nailed it. Airbus. Leonardo and the Israel company know that SRT is the global leader.(any news about CLS these days?) The obvious way forward for one of them is to buy out little SRT, which has developed such unique technology and an impressive customer base. However, the major shareholders are not sellers. Ocean Infinity would also like to buy SRT. I suspect that they approached Mr T and he probably knew the thoughts of his major shareholders. Offer £500 million and we can talk. Mr T knew he needed more cash to see the company through to the 'sunny uplands' and allowed O I to take a major stake. This allows them to get to know SRT properly and also places them in pole position for the eventual buy out. I would not be surprised to see O I participating in future contracts. Did you note Mr T mention 'beneath surface' operations in his webcast today? Will O I have an offering in the forthcoming M E contract?Although the major shareholders are not in a hurry to sell, we might see a strategically unsolicited takeover approach. If someone offered 60 p tomorrow, they would probably pick up 15 to 20% of the company which would be a good platform for the eventual take out. Interesting times lie ahead. Luck those who bought recently. |
Posted at 30/9/2024 12:21 by countryman5 Any thoughts on the $200m ME country, apart from Kuwait?Kuwait has been talking for about 8 years and has suddenly got its act together and appears to be pushing SRT for a signing. When ST says he is in the ME, I suspect that he is spending time in three countries. It will not be just ST from SRT visiting the ME. I sometimes think that shareholders fail to understand the amount of work that is entailed in educating / persuading potential customers about what the SRT offering is. Many Shareholders just look at the contract size and estimate the profit margin at about 28%. Some shareholders moan that the company has spent lots of money on development and fail to understand the amount of work that it has taken to create this world leading company. We should be VERY proud of the SRT team who, against very long odds, have created a global business that is beating the likes of Airbus and Leonardo. I anticipate that there will be a brokers note when Indonesia and Saudi are finally signed. Because there is a lot of kit in stock there should be impressive cash flows for this half year. Hold onto your hat when you see those figures!! When Kuwait? is signed, SRT will be the undisputed leader in MDM systems. Fortunately for us there are no institutions above 3% yet. There are a handful of shareholders who control in excess of 50% of the company. I understand that they know the potential of the company and are not sellers. When the cash starts flowing the company can increase its payroll to allow it to deal with all of the work. I once bought into a carpet company that grew 45 times. I anticipate that we shall see £3 per share and Mr T will get his well earned shares. PS, If oil rich Kuwait is spending $200 million on a system, how much will neighbour Saudi spend? Will MBS want Kuwait to have a better system? |
Posted at 27/9/2024 10:12 by deltaham For new shareholders or those wishing to increase knowledge of SRT, watch the 10 June Webcast hosted by Simon Tucker, our CEO, who's a very interesting and honest presenter.Go to: hxxps://srt-marine.c More importantly, Simon will be doing another live Webcast at 8.30am this Monday 30 Sept. In your web browser go to hxxps://srt-marine.c FYI: I'm a small shareholder - in no way representing SRT! |
Posted at 25/9/2024 10:33 by countryman5 Clearly the market shares Pinkfoot’s concerns. Fear of the unknown. I believe that it is fair to assume that ST knows the progress of the contracts, hence the various appointments in Saudi and Indonesia. Although Indonesia has been considerably delayed, it has allowed the company to use the time for planning the detail of a massive contract.I believe that the market is ignoring several factors, going forward. The recent RNS identified two ‘sustainabilit If Kuwait is awarded to SRT, one can assume that the likes of Airbus and Leonardo were also in the frame for this contract. If SRT has Bahrain, Saudi, Indonesia and Kuwait coast guards as customers it will place the company at the top of the list for other Countries who need a system. Likewise, once a Country becomes a SRT customer they are locked in for future work. The company has always been careful with cash spend. I understand that the headcount stands at about 130. However, there will be numerous posts to fill when the cash starts rolling in. The hiring market is moving in SRT’s favour |
Posted at 03/9/2024 14:27 by countryman5 I suspect that there is a growing relationship between SRT Marine and Ocean Infinity. Ocean Infinity has more than 500 employees, it has a base in Southampton and is a major SRT Marine shareholder. It also has deep pockets! It does not take much imagination to see how their differing maritime skills complement each other.Both companies have a global footprint, and I suspect that the Ocean Infinity offering will complement SRT’s ability to win contracts, going forward. SRT’s impressive list of contacts can also open doors for Ocean Infinity. Coastguards with a generous budget will recognise the potential for autonomous patrol boats which can loiter whilst watching and listening. Some fisheries contracts will require ocean surveys to define where differing vessels will be allowed to fish. Ocean Infinity can provide this data. SRT is in the ‘sweet spot’ for both coast guard and fisheries contracts. Is anybody aware of a company that has an offering which can compete? |
Posted at 10/8/2024 14:52 by countryman5 Extrader recently quoted from the June 7th RNS, Below is a further extract:-Since our last update we have also made some significant strides with a number of projects, but particularly, two in SE Asia worth approximately $50m in total, two in the Middle East worth $9m and $200m, one in Africa worth approximately $200m and one in SE Asia worth an indicative $100m. These are all with sovereign coast guards and are for the first phase of their build-up of large national maritime surveillance systems. Of particular note are the two in the Middle East. The smaller one received internal approval to proceed in 2023, however due to multiple scope changes this has not proceeded to contract with SRT. However, the scope has now been finalised and we have been advised that the final contract is now in preparation and pending issue and therefore believe this is likely to commence in the next few months. The larger contract opportunity contract timing looks likely to be later this calendar year subject to project scope finalisation and final award. Considerable customer engagement and planning work has been completed and is ongoing in respect of these two projects. For the African project we have conducted several project specification workshops and presentations and submitted several revisions of detailed proposals which have been well received and are now under consideration by the relevant Ministries and they appear eager to progress at pace. This is a similar situation for the new SE Asia Coast Guard project. At this stage the precise contracting timeframe remains uncertain, but our current view is sometime toward the end of 2025, with a 2 year implementation period once underway. I regard the $200 million potential contract with a Middle East country to be highly relevant. We have not received any guidance as to which country this might be. I believe that Kuwait might be the candidate. My understanding is that Kuwait has been talking with SRT for many years. In the spring of this year Kuwait parliament was shut down, enabling the Royal family to rule by decree. The Gulf Security Council (GSC) includes Saudi Arabia, Bahrain and Kuwait. One of the objectives of the GSC is to share information. Logic would suggest that if Saudi and Bahrain use a SRT system, then others within the GSC who want a MDM system, will lean towards SRT. Shareholders might get excited about all of these contracts, including the 2 X $25 million S E Asia coastguard contracts (PCG?), but the reality is a lot of hard work to deliver on these contracts. SRT has been able to use recent months to prepare for the Saudi and Indonesia contracts. The company has also had time to find the right team to execute all of the work heading its way. However, let us not underestimate the challenges confronting the company as it moves towards the delivering of these gigantic contracts. I get the impression that the employment market is moving in SRT’s favour. I saw a recent report from an employment agency that recently there might be three applicants for each vacancy. Now there are about ten people after each job. I note that nearby Dyson is laying off vast numbers. I suspect that a job at SRT is now considered to be a good find. |
Posted at 24/4/2024 16:52 by lavalmy “The sudden creation of SRT-France a month before the second bidding; the permission to SRT-France to participate in the bidding despite knowledge that will have to depend on SRT-UK’s technical, professional and financial capabilities; the sudden termination of the award to SRT-France for some baseless reason; and the immediate request for the cancellation of the French Laon by DA-BFAR in order to remove the French-related conditions–all these paved the way for SRT-UK to participate in the bidding – a bidding for a project with an expanded scope and increased project cost,” the OMB also said in its resolution.This is part of the Ombudsman's reasoning. We all remember that there was no sudden termination of the award to SRT-France for some baseless reason but rather because the French refused to honnour their commitment. I rather think that such terminations are by nature sudden. As is the creation of a subsidiary. It should not be surprising either that the BFAR acted to replace the French loan with local funding as soon as it became apparent that the French were not going ahead with the loan. The EU had been waiting since 2015 for action on vessel monitoring after all. The overarching thrust seems to be that the three defendants conspired to have a bigger contract awarded to SRT in the UK by firstly causing the French loan not to be provided. It is quite clear that they were trying to get the French loan to finance SRT-France's bid. The Ombudsman's position is so similar to our pal Victoriano's counsel in style and in logic that it seems obvious to me at least that they have been bought. |
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