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SRT Srt Marine Systems Plc

43.90
2.40 (5.78%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Srt Marine Systems Investors - SRT

Srt Marine Systems Investors - SRT

Share Name Share Symbol Market Stock Type
Srt Marine Systems Plc SRT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.40 5.78% 43.90 16:35:01
Open Price Low Price High Price Close Price Previous Close
41.00 40.50 41.50 43.90 41.50
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

Top Posts
Posted at 06/12/2024 15:07 by lavalmy
Of course, they haven't got a forecast at the moment and haven't had much from the broker for a while. I think that is one of the reasons why they didn't stand a chance of raising money from new investors. One of the others is the constant missing of all forecasts over a very long time and by enormous margins.

I suspect that will change soon and that they will meet their next year's forecast (okay only six months of forecast) and the following one, which may put them in better standing with the market - from the current doghouse to a market darling selling into a new and growing area is not to be ruled out. The combination of actual performance and rerating could be potent.
Posted at 21/11/2024 10:11 by countryman5
I wrote to the company Secretary about the forthcoming EGM.
Below is his reply. The proxy card did not copy.
The bottom line is that there are only seven days until the votes need to be in.
Seven days to secure the future of the company.
I am with Hargreaves Lansdown and will communicate by secure email. I will be requesting that they vote on my behalf regarding the resolutions.
.................................................................................
REPLY
Attached is a copy of the shareholder circular which can be found in the investors section of our website. The resolutions are found on page 23 and 24. Below is an extract from a proxy card which also show the various resolutions, with the deadline being 11am on the 28th November. There is the opportunity to vote by post or online.


I suggest you get in touch with Hargreaves Lansdown to ensure they register your votes.

Kind regards

Richard

Richard Hurd
Chief Financial Officer

SRT Marine Systems plc
Wireless House
Westfield Industrial Estate
Midsomer Norton
Bath
BA3 4BS
United Kingdom
Posted at 17/11/2024 23:36 by yumyum
This company SRT is in a very unique place and is going to make a fortune, whilst helping to save the planet. That is a win win and will attract investors. £2 a share here we come.
Posted at 14/11/2024 10:50 by mjcrockett
Supernumerary, I was in a similar position to you. Most of my SRT shares are held in a Barclays SiPP and Barclays, one of the largest retail brokers, were not participating. The only shares I could bid for were in an ii ISA which I was unable to add funds to, So, I end up getting an extra 1% of my SRT shares to add to my holding and not 10%.

This sort of bookbuilding Retail offer does not work for most retail investors. I believe a Retail Open Offer/Placing with the option to oversubscribe could have raised many times the paltry £0.95m raised.
Posted at 14/11/2024 10:32 by lavalmy
I increasingly think that there will be no long term for us shareholders. It is not up to the CEO to decide that sort of thing in any case.

I think it is much more prosaic than that. Apart from OI, they have been unable to raise any money from outside investors for at least the last two of many fund-raisings. But they insist on running out of money regularly, so much so that Brierwood has realised that his debt has seasonal equity characteristics.

Whatever they have agreed with OI this time, it is probably ultra vires. That will be washed at the general meeting.
Posted at 13/11/2024 16:32 by lavalmy
I suppose the question is how significantly different the two are. They are clearly petrified of releasing the actual results and it is small wonder that they have not bothered to attract any new investors, with undisclosed actual results and no forecasts. Both parts of the placing are with existing investors as is the retail offer.

I wonder what Brierwood threatened to do if they wouldn't agree to convert his debt to equity?
Posted at 05/11/2024 20:22 by barrieb
AE. Very well said ref. 'Given the relatively small extra'.

Done exactly that during the day as a meaningful amount of shares will not be possible unless you have very large holdings and even then it would be a very small amount by comparison @ 3448 per 100k shares held if at 1 for every 29.

This thought process certainly made me bite the bullet and increase my holding before the details are released, as we may see more buying action then as investors realise the small amounts they can apply for at 35p will not amount to much.

You can still also apply for your fair share when the time comes but you wont need to rely too much on it, so it can be regarded as a little top up perhaps.
Posted at 05/11/2024 15:23 by crystball
When is the placing going to take place? I suspect that folks will have to react quickly following a RNS which will give details of how to take part. I also suspect that the majority of the shares will end up in 'sophisticated investors hands.
Posted at 27/9/2024 09:12 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.com/about/news/webcast-30th-september-2024/ and scroll down to bottom left and click 'June 2024'.


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.com/about/investors/ and scroll down the page to the "JOIN US FOR OUR NEXT INVESTOR WEBCAST" section a few mins before 8.30 on Mon to register.


FYI: I'm a small shareholder - in no way representing SRT!
Posted at 08/3/2024 11:02 by leighford
If you were referring to me Yump my comment falls under the category of ‘fair comment’.
This is a discussion board, not a ‘supporters217; board.
Then you gone into assume any ‘non supporter’ must be an unsuccessful investor sitting on big losses!
That is one big stretch. Certainly investors won’t have got rich here over the last 10 years or so. Tucker is an amiable chap and he’s done a good job building the company. But it’s not been great for investors. Can’t help but think this company would be better off under the wings of a larger enterprise.
It’s a cash guzzler and the aims of ensuring sufficient cash and keeping investors happy with extended procurement time lines has been a hard one to satisfy.
Please desist from further stupid assumptions.

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