Money moving to APH [alliance Pharma ] |
The Africa country (200 million USD) looks like Tanzania, because he mentions lakes,I believe. |
ADVFN. are there really no comments about today's webcast |
I look forward to seeing the webcast tomorrow morning at 9am. Having looked at SRT's web site I am surprised there are so many job vacancies advertised. How many of these are due to staff moving on and creating vacancies and how many are new vacancies I wonder? |
It must be 8 years since ST put jam on seats at the AGN.At some point, this company has to deliver something.Nearly 20 years as a plc, no dividends, not real recurring profit, but plenty of jam in the ever growing VSP.
Big profit warning and the share price goes up-that’s a cult following! |
I think there is a lot of good sense here. I have recently bought but not because I disagree with pinkfoot2 or Leighford, I just feel the price is too low. There is value here. AIS is an industry accepted tool. There is demand for what they are doing. I would love to understand what sort of margin if any they can generate with good order flow and delivery. I like the CEO, it helps when you feel the people you are investing in are at least honest. Will it go bust, be bought out or thrive? I genuinely have no idea but my gut says it is too cheap in the short term. I have therefore opened a small holding. I doubt it will ever get much bigger but an interesting punt. |
Yump-with 35 years in the City, I think I know a bit
This could go either way-it could fly or it could run out of money.Were it not for the millions pumped in over numerous cash calls, it would be dead.
Consistently missing all targets,whilst promising the earth, relying very heavily on one granted hard working guy, and raising lifeline money at ever lower values,is not a plan-hence my view it’s better in a bigger parent.
Thats just my view and I suspect a few out there agree with me.I find it astonishing though gratifying that the profit warning last week was not greeted with derision-instead it’s ’one step closer’ because of almost cult like belief.
Let’s see the cashflow from sales-that’s all I want, not more flannel |
Rear view mirror is useful for establishing a pattern. You’ve been saying the same thing for over 10 years CM. I admire your fortitude. But when ST has been whispering sweet nothings in your ear all that time it’s hard to resist.
Imo, SRT are an admirable company and ST is a very able and likeable chap and I wish them well. But there is no doubt that the enterprise would be better served by being part of a larger organisation that has the required level of funds to support ST’s grand vision. Yes, they can stumble on as they are, but AIM is an unforgiving place and , imo, not best suited to a company like SRT. The dream of a 10 bagger is unlikely to be realised in the current circumstances.
ATB |
I am reminded of a young man who used to help us. He wore his baseball cap reversed. He explained (tongue in cheek) that it helped him to see where he had been. I understand why some people judge this company by looking in the rear view mirror. I wonder how these people will feel if the seven statements in posting 14505 come about and SRT becomes a 'ten bagger'? The current market view is that none of the seven are going to be realised. |
Pinkfoot
What the hell purpose would it serve being sold, for anyone here other than some temporary chancers who may have jumped in low for a trade ?
Perhaps you view yourself as some sort of company adviser, in which case you should see what response you get from ST for that suggestion and perhaps the recent major investor who may be wet behind the ears.
In fact try suggesting that to anyone who has spent ages committed to developing a business and see what you get.
The trouble with having a bee in your bonnet is that you can’t hear anything else for the buzzing.
Its a very frustrating share and it won’t be relieved by anything except contract progress. |
LaValmy
Fair enough if you want to be exact. I see you now as well. All that knowledge and detail on SRT has got you where exactly ?
Rather like The Count if I may be so bold. |
In football parlance, CM must be sh…g the manager.
CM-there is a merry band of shareholders like you, hanging onto every word ST utters.He is truly a svengali because we have not tasted success as you put it yet.Turnover we think in last 15 months is about £14m they say-less than £1m a month.Let’s have some objectivity please.
We have had 3 profit warnings in the last 3 reporting periods,the latter two rather substantial,plus several placings to raise cash at ever decreasing valuations.That is not success-quite the opposite.
We live in hope-I still firmly believe it needs to be sold but value unknown given current performance |
No, not unless you count pre-systems, but that was orders not contracts. Business changed since then. Tar with same brush as you see fit. |
Countryman5 sounds very well informed.
I guess the trouble is speaking to ST all the time gives a slightly one sided view.
How long has the ‘contracts next xxxxx’ been going on for? 10 years? |
 Profit warnings are part of the journey to becoming a great British success story. This is especially so of a company relying on the decisions of others to define the timings of contracts. The start of the Indonesian coastguard contract will become the inflection point when the company starts to deliver vast amounts of PBT. Although standing at £140 million, it will soon be overtaken in size of contract by many others.
What makes this company stand out from the crowd, allowing it to have a ‘Warren Buffet Economic Moat’? What are its defining features?
• Undoubtably its much-maligned CEO. His charisma and dedicated vision have brought SRT to this critical stage. He has selected his winning team, currently about 125 clever people, and has secured the finance to get the company here. I am reminded of Elton John’s words ‘I’m still standing’.
• The early recognition of the potential of AIS.
• The purchase of Geovs, which has provided the foundation for the MDM systems.
• The building of the Emtrak brand, together with the many AIS products.
• The business model of finding an in-country partner to deliver on each systems contract.
• The skill of the CEO in convincing Bahrain to gamble on becoming the first coastguard to invest in the SRT story. Bahrain became the showcase for the growing number of systems contracts following on behind.
• A group of shareholders who share the SRT vision. I understand that just a few control in excess of 60% of the company. This large block gives the company stability. Without this stability the company would have been gobbled up.
I am proud and humbled to be part of this UK success story and I look forward to it becoming a member of the ‘ $ 500 million club’. |
Presumably the AGM will be in December. That might actually suit me a lot better. |
Busy weekend for Tucker household relabelling jam jars. |
lol - story for 90%+ of AIM listings! |
Yes amazing, a bit like Xaar which seems to find strength from somewhere as the news gets worse. The very few decent AIM companies are the opposite and get hammered by the slightest set back. |
Little confidence due to a succession of profit warnings and broken promises.They are truly blessed to have shareholders who are seemingly happy to stick with it. |
SRT Plc is not an investment for widows and orphans. The only truly safe investment is probably government gilts.
If you do not concur with the following four statements, you should probably sell up.
1. SRT is THE global leader in AIS technology.
2. The £140 million Indonesia coastguard contract, signed May 2023, will happen.
3. The remaining stages (£24 million) of the M E coastguard contract, will happen.
4. The finances of the company are secure, and the contracts mentioned above will provide for the repayment of debt.
Your thoughts on the following statements will decide how bullish you are towards SRT.
5. The Philippines Ombudsman’s criticism of the CEO was politically motivated and was driven by the interests of powerful vested interests. A solution will soon be found which will allow the BFAR fish monitoring system to deliver for the Philippines fishing industry. The impending World Bank money and the threat of an EU red card will force the hand of the Supreme Court.
6. SRT is the global leader in Marine Domain Management systems. It has unique technology and is financially competitive against purely satellite systems. It will win the following contracts.:- A. The first of the Philippines coastguard contracts ($50 million). There is mention that this is part of $1 billion, spread over 10 years. B. The next stage of Bahrain ($9 million). C. Probably Kuwait ($200 million.) D. Probably Tanzania.($200 million) E. Probably Vietnam ($100 million).
7. Systems contracts, identified above, will deliver about 30% gross margins, providing for approximately £180 million over a three year period.
The stock market has little confidence in the above statements. I, on the other hand believe that all seven statements will happen. |
LaV - I agree absolutely.
SRT is extremely fortunate to have a solid core of 'delay-hardened' shareholders who are prepared to take the long term view. It appears to have surprised the market today that so few were shaken out. |
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