I read that the vessel is believed to have lost power ( and therefore steering ) shortly before the collision.
Not much DAS could do about that. |
A major shipping disaster at Baltimore in the US. Major rivers are used as transport arteries in the EU as well as the US. DAS has the potential to revolutionise the navigation of these transport routes. DAS can provide information about height clearance under bridges and details of side currents. DAS also allows ships to view other ships hidden behind bends in the river, both day and night. No doubt there are numerous information feeds that can be transmitted to passing ships via DAS. |
The company has a serious problem with over egging and under delivering CM-SP spikes then falls away, normally with a cash raise in between.We now have a long period of account which one can only assume dispenses with a disastrous warning this month.This after the 23 numbers were apparently skewed by late revenue into 24-now unsure whether received.
How can we follow this from a normal reporting and valuation perspective?
It all hinges on hope and FOMO for me-that’s what binds us in |
The CEO released the price sensitive information about the contract and UKEF support with the RNS in May. However, the market is frustrated about timing of the start date for the contract.
Obviously numerous people (company employees, Nomad, UKEF, Country MOF etc) are aware of events and timings and therefore these people are insiders and unable to trade in SRT shares or pass on such information to others. Likewise, Mr T cannot give a running commentary. |
Does anybody ever get in trouble for anything on AIM? There's not much evidence of it. |
CM5 - CEOs don't get in serious trouble for disclosing price sensitive information. They can get in serious trouble for not disclosing it, however. |
I imagine that ST is as frustrated (if not more!) as all posters on this board with the delay in announcing the start of the UKEF loan agreement for £145 million.(RNS 17 May 2023. 80% contract spend over 2 years). I suspect that he would like to disclose the expected timing of such an announcement, but he would be in serious trouble for disclosing such price sensitive information. Let us not forget that the share price was over 60 p when the deal was announced. As always, SRT is dependent on timing decisions controlled by others. |
Mind you EE, not all are feeling that bright, probably because of the poor record etc.
Of course there still is the high growth potential and I expect to see some fairly vertical action at some point soon both underlying and share price performance. How that relates to the long-term performance with all the dilution along the way versus any expanded market that might materialize is a bit moot. I certainly would have preferred more instant gratification as opposed to none at all over 8 years. |
Yes probably 30%+ each time !
Trouble is, sod’s law is waiting for the day you sell and then watch the price permanently jump to a new level. |
Agree eagle eye. Wish I'd been a trader rather than a holder for the last decade though, there has been a nice little turn to be had after each contract in recent years. |
careful,
SRT demands attention because of it's high growth potential.
The market it addresses is huge and SRT appears to be a market leader in it's niche.
With the wind in it's sails, SRT share price has the potential to multi-bag from here.
That's why there are a lot of intelligent minds here, despite the poor record of delivering market expectations and the problematic business model. |
Maybe but without that pesky VSP, most of us would have left the show early |
It's foolish to make revenue forecasts based on contracts that haven't been signed and with uncertainty over their timing. They simply shouldn't have gone that way at all. |
Is that supposed to be an ironic post ?
Anyway its a damn sight more interesting than posting on the big profitable FTSE stocks, where there is no chance of any sort of permanent significant price increases, because they're too big to grow.
Some folk have investments in small stocks I suppose. |
Can't understand why this tiny profitless company gets so much attention. |
No idea without a firm set of forecasts-that’;s the point.
Si it comes down a strategic buyer who puts a value on the market positioning and opportunity.There is a lot of hope in the share price as things stand but that would change with some tangible evidence of hard cashflow |
And what price would you put on that, Pinkfoot2 ? |
The problem is this year’s forecast revenue was in part derived from the suggested late receipt of last year’s revenue-read RNS warning in March 2023.That being the case, and we now have a farcical year end extension for 2024, what’s the point of having a year end or forecast at all?
As for cash, my pet subject, I did point out many times the company was under capitalised and the balance sheet was a mess.The company addressed this by having another two raises but as DJ pointed out a few days ago, the monthly cash burn is quite high.
This company spends its life on the cusp-it really needs to be owned by a big parent with deep pockets, depth in management, and free of plc reporting |
So the revenue gets pushed into next year's accounts. What's the problem with that? This year's figures show a deficit, and next year's show a boost. I don't think any company negotiating deals has much control over their timing. Cash won't be any more of an issue if the deal is signed today or in three months, unless of course the company will run out of money in the meantime. Are they?
If the situation is that dire then surely the other party will use it to their advantage and stall for as long as possible. |
Well it looks like the 31/3 numbers are missed-so it then falls to the new year end of 30/6.If they miss then, then a sink hole without so serious grown up explaining and cash will again come to the fore
Did IC say anything about the change in year end? |
I'm less than 5% as knowledgeable as regular posters here, so could someone explain what the big deal is if the signing of contracts gets pushed into the next fiscal year? |
Sadly this company’s future has revolved around FOMO for too long-ST is virtually untouchable because of it though it’s clear the routes to raising yet more cash are closing.
There is practically no institutional money in here-probably a good thing when heavily dependant on FOMO |
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