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Investor discussions regarding SRT Maritime Systems Plc have revealed a cautious optimism, primarily centered around the upcoming contracts and forecasts that could solidify the company's positioning in the market. Key points raised included the anticipated Indonesia project, which is expected to pave the way for a significant broker's note, providing a clearer three-year financial outlook backed by contracts. As noted by countryman5, "Now that O I is a major shareholder, I suspect that Mr T speaks regularly to 60%...," indicating an expectation for robust communication concerning shareholder interests and contract progress.
Financial sentiment remains mixed, underscored by the company's precarious valuation in light of broader market conditions. Although there was a recognition of some competitive pressure, specifically from China, investors seemed confident in SRT's unique offerings, as highlighted by countryman5's observation that "the only competitor to SRT was possibly China." Overall, investor sentiment appears aligned with the belief that SRT's future prospects are intertwined with the successful execution of these international contracts, and as reiterated by noobiedoobie, there is an expectation for SRT to "join the FTSE AIM top 50 index," highlighting ambitions for growth and increased visibility in the market.
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SRT Marine Systems PLC has recently made key announcements regarding its operations and equity structure. The company issued 50,000 new ordinary shares following the conversion of employee share options, which will increase the total number of ordinary shares to 249,912,656 after their expected admission on AIM on February 7, 2025. This move aligns with the company's ongoing efforts to incentivize employee engagement and retention through share schemes.
Additionally, SRT confirmed the signing of a significant contract valued at approximately $15 million for Phase 2 of a national integrated maritime domain awareness (MDA) system for a national coast guard. This follows an earlier announcement regarding the receipt of formal notice to proceed on the project. The successful completion of this contract highlights SRT's commitment to enhancing maritime security and environmental protection, positioning the company as a key player in the maritime systems sector.
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Interesting article about illegal fishing and use of AI to identify fishing activity. |
Thanks goodapple for some “news” ie new information, as opposed to regurgitation ad nausium of what we already know |
While the share price languishes awaiting news of UKEF or other positive contract developments, I offer a little shaft of sunlight from across the Pond. |
We live in the most dangerous of times, with maritime security being tested all over the planet.Is there a better time to flog systems?I doubt it.So why is it taking so long to monetise the enormous VSP? |
Have you got a link for that source of now worthless information telling coastguards what their boats are doing? I'd be interested to read it. |
Sadly I think the knowledge is power philosophy has been destroyed by the internet-it’s now a very flat earth |
Enforcement is not a 'big elephant in the room' - everyone's known it's an issue for a long time now, as evidenced by earlier discussions on the subject here. |
Apart from the working capital issue of rolling out, the big elephant in the room is enforcement.Without it, there is no point.Installation has to be mandatory on all boats-something fishing boats are clearly not keen to do |
C5 |
My understanding is that the PCG is planning 1 billion US dollar spend on MDA. Systems over the next ten years. Just supposing that they take a leaf out of Indonesia and condense delivery over three years but pay for it over ten years, with the help of UKEF. As Lav flags up, the 60 day response requirement from BBM identifies that he is in a hurry. |
Well-spotted Piedro. |
Says something but not much ... |
CM reminds me of David Brent |
That’s a bit marginal ! Chill out - nothing we do can affect the contracts. |
The Baltimore incident will focus the minds of maritime authorities around the World about how to make the navigation of waterways and ports safer.When they do their research,they will learn about Digital Atons guiding the ships under the bridge. |
CM5. Why would everyone be calling SRT ?. It is well established that the bridge had Aton and there was a loss of power on the ship. That sounds like more wishful thinking. |
It is estimated that there are 50,000 bridges over navigable waterways in the US and clearly there are many more around the world. It appears, that at present, the SRT Aton is the only product for this market. However, the market extends way beyond bridges to ports, canals and any location where buoys are located. I suspect that SRT will be receiving numerous enquiries following the Baltimore incident. |
Super |
This video is from the comments on the preceding link: |
This is a useful analysis of the Baltimore accident. It's clear that AIS was still operating at the time of impact, as I surmised. Unfortunately the information generated didn't go into a system that was capable of interpreting it and taking the appropriate action eg alerting vehicles entering and already on the bridge. |
cm - thanks - it seems astonishing to me that for a behemoth like this, there's no battery backup for vital safety systems. I don't suppose ST commented on that? |
I sent an email to Simon about the Baltimore bridge and he consented to me posting his reply. (Note the SRT reference) |
Hi AE |
If it was a loss of power on the ship, AIS wouldn’t help at all |
UKEF support for future systems contracts around the world will become increasingly important. Obviously M E countries with oil revenue have the necessary funds but many S E Asia and African countries need a line of credit. Although the UKEF contract has taken much longer than SRT had hoped, it has set the ball rolling for other future contracts. Although £145 million is the largest SRT systems contract so far, others in the pipeline are much larger. Another source of finance for fisheries contracts is the World Bank, which understands the SRT system. My understanding is that the World Bank will fund upto 50% of certain fisheries contracts. |
Type | Ordinary Share |
Share ISIN | GB00B0M8KM36 |
Sector | Communications Services, Nec |
Bid Price | 60.00 |
Offer Price | 62.00 |
Open | 61.50 |
Shares Traded | 62,727 |
Last Trade | 11:00:13 |
Low - High | 61.00 - 62.00 |
Turnover | 14.82M |
Profit | -13.65M |
EPS - Basic | -0.0613 |
PE Ratio | -9.95 |
Market Cap | 136.92M |
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