Srt Marine Systems Share Discussion Threads

[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.

[philburt] 11/4/2021 11:22

Pugugly / Alter ego - that’s what France thought...🤣

[pugugly] 11/4/2021 10:27

alter ego - If US involved Remember America First. SRT most unlikely to be involved in a major way as USA will want and possibly require that their companies have lead participation (imo)

[alter ego] 11/4/2021 09:05

hTTps://www.bloomberg.com/news/articles/2021-04-11/u-s-philippine-defense-secretaries-discuss-south-china-sea Us and Philippines defence secretaries discus Chinese encroachment - USA propose to "deepen defense cooperation between the the two countries, including “enhancing situational awareness of threats in the South China Sea,” according to an official U.S. readout of the call. Both officials pledged to stay in close contact." I wonder by what means that could be achieved and how the US might be involved.

[alter ego] 11/4/2021 08:24

Is Vietnam likely to be in the frame or are they still dragging their feet?

[lavalmy] 11/4/2021 08:19

Goodapple Possibly some of the neighbours have already heard good things about it, given the four new Asian projects. One of these I take to be Bangladesh, another possibly the small Philippines one (c.$5million). That would leave two of around £16 million each, so GeoVS hub and control centres plus some transponders. The view I got from SRT some time ago was that budgets might be scaled back in the near term but that they were hopeful that some of these countries would go ahead with the basic central infrastructure with more to be added in the future as budgets allow. From the projected sizes this seems to be happening. Some detail will no doubt be provided as they are signed.

[goodapple] 10/4/2021 19:01

Sentiment towards SRT will change for the better and sharply when the first contract is confirmed by RNS, whichever contract that may be. It will be seen as the first of the buses. And as the Philippines contract nears completion we can look forward to the installed system delivering what is promised in terms of security, fishing oversight etc etc. Assuming SRT delivers everything it says on the tin, no doubt the rest of the maritime world will get to hear about it from a satisfied customer. I stay invested.

[philburt] 10/4/2021 16:37

Pinkfoot2 - my point is only that we all do have a choice. Either stay invested for potentially large returns or divest now for a modest gain.

[pinkfoot2] 10/4/2021 15:30

FFT has a point-revenue recognised in 2017 ME contract has ahem not converted into cash.That’s 4 years. We have to give them the benefit of the doubt-no choice really

[philburt] 10/4/2021 13:30

ffr - how many shares you got for sale? I might be up for buying a few more...

[fft] 10/4/2021 12:09

These contracts have been 'imminent' for over 2 years - maybe longer ! Half of it was pre-covid. I think that is more than long enough, especially if they are critical to the countries maritime borders/security as some posters here like to maintain.

[yump] 10/4/2021 09:28

Just on the subject of contract signing, a multi-million security-sensitive contract with a government is not a sheet of A4 that can be signed remotely on Google Docs or something similar. Even when blockchain contracts are fully established in say 20 years, I can’t imagine these contracts being concluded on one.

[pinkfoot2] 10/4/2021 09:19

To be fair, the story is pretty much the same-it’s all about tomorrow.But will tomorrow come?We hope so. Most of us have been in a long while and the investment decision is in part influenced by fear of walking away only for the jam to turn up!Offering great riches, dividends etc adds to that fear. If this was a private company, it would have had bigger problems with cash as the shareholder well would have a different mentality. The 2021 numbers are poor-no getting away from it.The turnover number is out of kilter with the cost base which must demand around £20m to break even?Covid has provided the cover this time-a good time to bury the bodies.

[extrader] 10/4/2021 08:19

Aah, but this isn't any ordinary jam....this is MBS jam. I'll get my coat.

[glavey] 10/4/2021 04:30

"The headline figures look terrible, but what is the real story?" Jam tomorrow. Again.

[countryman5] 09/4/2021 20:22

'The development of a strategic new transceiver product commenced which we expect to be a significant revenue driver from the end of 2022 upon its completion.' The above was included in todays statement. Anybody have thoughts on what the product might be? One must assume that it incorporates AIS, but what else?

[countryman5] 09/4/2021 18:52

New Canadian Regulation Mandate AIS (Automatic Identification System) Vessels that are more than 20m in Length must carry an AIS Class A as of April 26, 2021 Please note the regulation calls for the AIS to be turned on during a voyage.