Srt Marine Systems Share Discussion Threads

[alter ego] 15/9/2021 20:07

La V you may envy us rubbing shoulders but I just watched an old Rick Stein travel program when he visited Palermo. Have to say I envy you for the sun, the fish, the lemons, the fruit and the wine. Think that makes us even. 😎

[alter ego] 15/9/2021 15:36

Yes La V, Have to get covid tested yet but all being well, I'll do my best with notes. Luckily the presentation is live streamed and presumably recorded for later viewing. That should reduce the volume of notes required to be taken. Hopefully some attendees will do likewise.

[lavalmy] 15/9/2021 15:27

AE, as I said that was before emTrak. This new lady is on the GeoVS side, so systems. They were beginning to have a remote working system before COVID - a guy in Toulouse, a Canadian - but now seem to be even more comfortable with it. This new lady in Toulouse (who was freelance for a long time before CLS so is used to being a self-starter) and some programmer up North in Shipley. I envy you the chance to rub shoulders with all the senior managers - last time you and others got lots of information from them. I hope you meet with the same success and report back with your customary diligence. I will be watching the main event, of course.

[alter ego] 15/9/2021 14:53

La V that may be true of systems but I know Louise has ramped up marketing of emTrak kit. I think it's mainly through counter top displays and brochures in dealerships but I'll ask when I see her to clarify.

[lavalmy] 15/9/2021 14:46

I remember a long time ago, probably even on the previous board, someone reporting that SRT did not do marketing (this was before emTrak). This new hire may do a bit of the conventional sort (as in the last line above), but it seems to me that she is more involved in getting their customers the right brochures etc. to convince and explain to fishermen and other stakeholders the benefits of the system, 'to help make their Maritime Domain projects a success'. Working pretty much cheek by jowl with the customer in effect.

[lavalmy] 15/9/2021 12:13

SRT have recently hired another person from CLS, based in Toulouse as well. hTTps://www.linkedin.com/in/cynthia-johnson-9931941b/ She says 'I work for our GeoVS Maritime Domain Awareness System for Coast Guards and Fisheries. In general, I am responsible for customer experience and supporting business development. More specifically: Customers: Strategy, planning, and execution of plans and materials for our Customers, to help make their Maritime Domain projects a success. Tenders: Coordinating our teams and preparing tenders Marketing: Strategy, branding, & creation of materials for business development'.

[lavalmy] 15/9/2021 10:25

Some extremely interesting news here: hTTps://spacenews.com/spire-snaps-up-exactearth-in-first-acquisition-as-a-public-company/ USD160 odd million.

[srtceo] 15/9/2021 09:05

Good morning. As you will be aware, I do not partake in this discussion on SRT. The reason for this post is to clarify some concerns that have been raised in the last 24hrs in regards to our AGM and Investor open day. To save another clarification RNS I concluded this was the most effective method. 1) Anyone and everyone is invited to the investor open day: 9:00am to 11:00am at our MSN offices. Attending on SRT side will be all senior managers to discuss and answer all and any questions. There will also be a live GeoVS system with an SRT operator to show anyone interested all the various functionalities. This is an opportunity to speak to everyone and anyone in the company and ask what you want. 2) The AGM and shareholder update presentation which starts from 11am, will be filmed and streamed live to a web portal where those not attending can watch and text in questions - as we have stated in the RNS the identities of those watching are not public and only me and the board will see the questions sent in on a tablet. For the avoidance of doubt the earlier investor open day bit will NOT be filmed and is held in a separate room to the AGM. 3) Nobody but me and SRT board members will be filmed and the micro-phones are directional and localised next to us and thus will not pick up the voices of people there asking questions. When a question is asked, I will repeat it for the benefit of those viewing remotely. As such anyone attending is completely assured of their privacy. I hope that the above clarifies these concerns. We at SRT are looking forward to meeting everyone again and discussing our business, the progress its made, the challenges we have and of course the status of the long awaited nearest contracts in Middle East and SE Asia, as well as all the real opportunities that define our VSP. For me I hope its an opportunity for anyone to ask blunt and frank questions to the entire team and hopefully come away much more positive than when arriving with a deeper understanding of the business. And, of course, irrespective of this opportunity anyone is always welcome to telephone the office or email me or any of the directors directly with questions. I will take this opportunity to thank you all for your robust debate on our prospects within the global maritime domain awareness market - even though at times, as you would expect, I feel some of the conclusions are not right. Kind regards Simon

[kinbasket] 14/9/2021 11:58

Planning to attend. fingers crossed and all that..

[alter ego] 14/9/2021 11:51

I'm expecting to attend. Anyone else?

[lavalmy] 14/9/2021 10:11

It doesn't sound like they are expecting many. Probably only some old hands from here?

[piedro] 10/9/2021 10:24

LaValmy, you were right on. Report: Smugglers Defraud IMO to Create Fake IDs for Blacklisted Ships hTTps://www.maritime-executive.com/article/report-smugglers-defraud-imo-to-create-fake-ids-for-blacklisted-ships

[pinkfoot2] 08/9/2021 20:16

Lot of caveats in the accounts Lav.If this, if that, particularly in the audit section. The creditors number is significant-all needs to be paid back of course Basically 3 weeks to half year end-and waiting for contract news.Nothing changes.

[lavalmy] 08/9/2021 07:43

The full accounts are available from the website. Nothing really of note. Cash £5.3 million. Overall receivables of £3.6 million, of which £2.55 million was the Philippines, in turn of which £1.55 million had been received by the date of the accounts. None of this was due to the local partner. The balance had yet to be invoiced as at year-end.

[piedro] 27/8/2021 15:20

Even the US waterways have problems ... NTSB: Wrong AIS Presets, Poor Comms Led to Deadly Barge Collision PUBLISHED AUG 26, 2021 6:42 PM BY THE MARITIME EXECUTIVE The National Transportation Safety Board (NTSB) has issued its final report into the fatal collision between the towboats Cooperative Spirit and RC Creppel on the Mississippi River last year. ... ... hTTps://www.maritime-executive.com/article/ntsb-wrong-ais-presets-poor-comms-led-to-deadly-barge-collision

[pinkfoot2] 27/8/2021 07:54

My thoughts too-C5 sure is a diehard but nobody wanted to pick up my point about the contract signed 2017, revenue accounted for, then impaired, but absolutely no news about it.That has nothing to do with a pandemic one assumes? The VSP is a big carrot but it’s aging as time goes by. The true test is contract announcements with hard cash and we await.As time goes by, there is bound to be cynicism in the absence of real news.The commercial world is very much back in full swing,as evidenced by the plethora of company earnings announcements.

[fft] 27/8/2021 07:43

C5,You make it sound like that no contracts are being signed anywhere for the last few years. Of course they are being signed.The question is whether srt are just being unlucky that every country they deal with delays and delays and delays or.... Is there something more to it than that ?Have a look at the VSP mentions in RNS's going back (how many years ?).

[countryman5] 27/8/2021 05:54

I often wonder if some posters here understand the process of bidding for global government contracts. Bribery has always been a problem but governments have tightened up processes a lot in recent years. When SRT won the recent BFAR contract in the Philippines the tender document had to be handled by the government procurement agency called Philgeps. This deals with all contracts, even tiddlers for kitchen equipment. Companies can register with Philgeps, so that they can view the tender specification a long time before the tender document is released. Once the tender document is released there is about a month before bids are opened in public and the contract is awarded to the cheapest tender that actually meets the tender specification. If BFAR, or any other agency has another impending contract which might be relevant to SRT, SRT would be aware of the specification a long time before the tender process starts. Unfortunately Philgeps has been in various lockdowns for many months and there is a tremendous backlog of work.

[countryman5] 25/8/2021 21:18

Metro Manila (CNN Philippines, August 25) — It is possible that the National Capital Region will hit 50% of its target vaccination by the end of August, according to Metropolitan Manila Development Authority chairperson Benhur Abalos.

[goodapple] 25/8/2021 19:16

...or simply the glossy Annual Report effect.

[pinkfoot2] 25/8/2021 19:11

Fundraise coming or contract announcement-take your pick.

[boadicea] 25/8/2021 17:40

Some confident buying this afternoon... ... and those 3 coincident trades at 15.33 as it very briefly touched 40.5 mid (but not for long enough to get spotted by advfn) look suspiciously like buys deliberately made to look like sells.

[pinkfoot2] 24/8/2021 12:37

The usual ‘rush’ before the AGM and year end.Real life isn’t like this

[lavalmy] 24/8/2021 11:53

Entirely possible, but I think it is unlikely.

[extrader] 24/8/2021 10:58

.."So four at least expected this financial year..." Noted, thanks. But this aspiration is for FYE ie by March 2022, compared with 4 expected by the half-year Sept 2021. I 'get' the issue of government bureaucracies and covid complications, but it's entirely possible, on this later update, that there won't be a single contract win pre AGM.