Srt Marine Systems Share Discussion Threads

[pinkfoot2] 15/4/2021 14:12

I didn’t see you as shortermist CM?

[countryman5] 15/4/2021 11:53

Will Simon Thompson comment tomorrow?

[supernumerary] 14/4/2021 17:30

ae - yes, I wondered about that. Maybe satellite transmission is involved? kinbasket - Columbia? Unlikely I think. Maybe Colombia, or Panama even - they must be worried about ships getting stuck in their canal too :¬)

[alter ego] 14/4/2021 16:41

C5 asked in post 10714 what the new "transceiver product" might be. I've puzzled about that ever since Simon first mooted the product. I note that the latest presentation slides on the web site refer to it as a "marine communications product" within the Transceivers Division. Is there a clue here about the nature of the product? With pure transceivers being pretty well up to date is this a hybrid incorporating radio too or perhaps a standalone marine radio? I don't know, but it seems a little odd to refer to it using somewhat different terminology in the trading update and the presentation.

[kinbasket] 14/4/2021 16:12

On page 7 of that presentation the 5 green dots of the "future" are in Columbia, Saudi, Bangladesh, Ghana (i think could be liberia or SL.) and Philippines.

[pinkfoot2] 14/4/2021 14:20

All good stuff but they lost a pile of money on very low reported revenue-is there a forecast in the market for 2022

[piedro] 14/4/2021 12:14

Thank you LaValmy, I found the new look presentation very refreshing

[lavalmy] 14/4/2021 11:46

'Robust financial management means the business is in a good cash position' is more what you say when banging the drum than passing the tin around and is indeed what is said in this investor presentation: hTTps://srt-marine.com/wp-content/uploads/2021/04/SRT-Inv-Presentation-April-2021.pdf There are some very interesting things in there. The most revealing is a picture of 'A GeoVS Hub System ready to be shipped to the ME'. Given that they have been bitten previously on buying equipment prior to contracts being signed, it suggests both certainty and imminence, to borrow a phrase. Also the £14 million cash inflow from Saudi in short order. Additionally,'follow-on contracts to expand these initial systems already under discussion' and re the Philippines 'negotiations underway for next phase and ongoing system maintenance and data supply contracts'. The picture is quite rosy indeed.

[lavalmy] 13/4/2021 15:47

It sounds like Duterte is growing a pair, but more like an extension of the broad pushback against China throwing its weight about. You mentioned Vietnam sending a Navy vessel out the other day. Last year's olives worked a treat BTW, the first year's I had to throw away.

[alter ego] 13/4/2021 15:17

As ever, thanks for your interpretation of the situation. Maybe, my jam will not see out the year unopened. Perhaps you have a jar of olives and some vino to enjoy as you don't like jam as I recall.

[lavalmy] 13/4/2021 15:10

They have just paid back about £1 million of the loan note program, due on 7th April. It does not look like it has been rolled over although there was a lag last time when the previous one was indeed rolled over. The broker's note mentions that the next tranche due in June will either be rolled over or paid back depending on contracts/receipts etc - either way they look very comfortable for once. Also the CBIL loan repayments start in July at £250k per quarter. From the numbers mentioned in the update, it looks like it is Saudi going ahead in H1, some £35 million. That one, if memory serves, was expected to pay up quickly for the almost immediate installation of the hub/GeoVS, c. £14 million high margin. If so, the position becomes exceedingly comfy.

[yumyum] 13/4/2021 09:42

A couple of weeks' ago there was approx GBP5.3 million cash. A further GBP5.7 million is due in the coming year from existing Philippines contract customer. Then there will be normal cash income on top (tranceivers)....plus some cash from new contracts (watch out for some nice RNS announcements). NO CASH RAISE.

[yumyum] 13/4/2021 09:38

SRT expect three contracts totalling GBP71 million to commence during the first half - i.e. Apr-Sept 2021. We will soon see if SRT are right this time (for once)...or Glavey.

[yumyum] 13/4/2021 09:33

No cash raise expected at all. What is expected : paying off debts, building reserves, and paying dividends. All this over the next 24 months. Oh......and a rocketing share price.

[glavey] 13/4/2021 09:09

When's the next cash raise coming?

[bones] 12/4/2021 11:31

In for a few more at 38p today.

[extrader] 12/4/2021 09:51

"Has anyone here ever negotiated a large national government security contract with a new product ?.." Not strictly comparable, but Brussels and vaccines spring to mind....;->

[countryman5] 12/4/2021 09:45

On line is usually mid day Tuesday and paper edition Friday.

[lavalmy] 12/4/2021 09:41

Incidentally C5, when does the Investor's Chronicle publish both on-line and in print? It always brings a smile when it shoots up twice.

[countryman5] 12/4/2021 09:29

I suspect that the major shareholders here understand the potential of this business. The potential is defined by the dedicated management and the unique product offering in a global market where there is a perception of future demand. I suspect that these same shareholders are more than happy to award shares to directors at a cost of 32.5 p when the share price exceeds 200p. The main reservation would have been cash burn, prior to the award of major systems contracts. With the confirmation that the bank is now happy to lend money without any security, the concerns about new shares being issued at a discount have dissipated. I am now expecting the share price to move to 85p when the next two major contracts are in the bag. I await comment from Simon Thompson of the Investors Chronicle.

[yump] 12/4/2021 08:43

Has anyone here ever negotiated a large national government security contract with a new product ? I think I know the answer, seeing as a contract for paper clips with a local authority here would probably take a year to sort out. The key is to remove sentiment, excitement, disappointment etc and to just figure out the actual business.

[countryman5] 12/4/2021 07:58

Today:- China had sent a fleet of fishing vessels with militia aboard to the Spratly Islands earlier this month, despite the Philippines and Vietnam claiming they have control over the territory. In response, Hanoi sent a warship near the disputed island, while the Philippines sent reconnaissance aircraft to observe China’s fishing fleet.

[newtona2] 11/4/2021 15:47

Please guys, just LAND one of these suckers! Shame I was dozing on Friday morning, a good opportunity, and plenty of time, to buy in the morning.

[bones] 11/4/2021 12:09

Good weekend all. I have decided to join the fray here with a meaningful, initial stake as of Friday at an average of a smidgin under 35p. I have a concentrated portfolio by many standards but most of the stocks have to earn their place in it on my own terms (so it’s down to me and no one else if they curl up at the edges!). Most of them have similar traits: - I’ve been aware of them and their businesses for years, on stockwatch lists, etc. - they generally have spent years building businesses built on unique self developed R&D and IP, - for various reasons, they have had rocky histories struggling to gain traction, often because of the nature of the pioneering and the difficulty that often creates for a small company to break into international markets where big fish dominate. - eventually something comes together and catalysts occur which, in my own judgement, are sufficient to believe that breakthroughs in commercial success are imminent (in the sense of being clearly visible and feasible in the next year, rather than certain and likely next week). Such stocks may be still in the highly risky camp but the risk/reward balance will have tipped solidly in my favour. Often, given the potential and prospects, it is reasonable to believe getting new funding should not be a problem should that be required. It has happened recently on three of my others and I am pleased to see the results. I enjoy being invested in quality British businesses that are making impressions worldwide and could always, down the line, become a target, albeit I would rather see them succeed on their own merits and make the bigger stock indexes! Thanks to lfc4ever on the SCE thread for the heads up regarding the RNS on Friday. I had seen it but the post was a reminder to me to look again at the case to invest.