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 |
Yump, your thoughts are the same as mine. I think many of us are still invested for fear of missing out(FOMO). In my portfolio I have 10-12 companies I am invested in with SRT comprising around 40% of the total. I may be guilty of looking through rose tinted spectacles and know that many would say it is unwise to have a high proportion invested in a single company. On the other hand, if you have thoroughly done your research and visited AGM's regularly etc and understand the business, then big, bold bets can be made. |
I’ve been invested for years and years and see no reason to moan, as it was my decision to invest and to stay invested, despite the delays. Perhaps that has been a stupid idea. I also thought it might well have been a stupid idea to buy bitcoin when everyone thought it had crashed and burned after 2021. It all depends what you think the opportunity really is. |
I am invested and am entitled to complain about the complete failure over and over to deliver. |
My undersatnding is the STR system would enable a country to better use its limited resourses.
In other words faced with a vast sea and many boats out there around your coast, how does one narrow down the task?
Perhaps concentrate on those that appear on a coast guards radar that dont have responders. And other such methods.
Take on the Chinese navy? Ofcourse you can't. But you can cut the nets of those shipping boats fishing illegally in your waters. If their navy is there you simply move on to the next one. Even the Chinese navy dont have enough boats to protect every fishing vessel they have. The lost net / gear will be the boats loss, not state China.
IMHO |
I’m not saying that-my concern is why buy a system if you are only going to pay lip service to actual enforcement?Thats not SRTs fault-it’s the operator’s issue.Without enforcement, you are left with name calling.
We have some form here with Mexico and the deployment of the thousands of beacons sold a few years ago-I think funded by the US but correct me if I’m wrong.Does anyone believe they have all been stuck on boats and actively used because I don’t. |
 I don't think this argument about SRT not providing enforcement assets holds any water. These Coast Guards do have floating and aerial assets and are perfectly capable of ordering them to investigate an issue. They certainly don't have as many as they want and are constrained mainly by lack of finance. That constraint is partly overcome by bilateral assistance tied to buying the assets from one of thgeir companies. Accordingly they end up with kit from all over, Japan, Spain, France to name a few. So there is no one stop shop.
A further point is that SRT is successfully competing against the likes of Airbus which is an integrated defence company. Their customers do not want to buy from them either because SRT's kit does or SRT have persuaded them that does what they want.
Lastly, in the Philippines where they have their fishing system, the problem is not lack of enforcement. They know perfectly well who is fishing illegally - the 2,500 vessels that refuse to install transponders becasue they fish in the municipal waters reserved for smaller fishermen. BAE could do sod all about that. It is up to Marcos to stop dithering as he is reportedly apt to do.
Sure SRT does not have the clout of BAE or Airbus and they are pretty inexperienced with export finance and the like. |
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