There has been mention of the PCG spending $1 billion on MDM over 10 years with 2 X $25 currently progressing through Philgeps?? My understanding is that all contracts are initiated via Philgeps. It would be interesting to get a steer on the World Bank loan for BFAR. |
Marcos gave the State of the Nation address on Monday and the budget is to be presented to Congress on 29th. I strongly suspect that this position has to do with what is in that budget. There is very little left on the BFAR contract and no news of movement on decisions about the illegal fishermen. That would leave the PCG. They certainly wouldn't be hiring a new body just for laughs. |
It seems this General Manager thing is catching. They want one now to be based in the Philippines to be GM for Asia, though the actual job description on LinkedIn is for a mere program manager and only for PH. Probably a mistaken cut'n'paste. |
On 7th June 2024 ST said the Indo contract will get signed off within one or two months, therefore July. Do we really still expect that ? The phase 2 Middle East contract is a mystery indeed. All set to go but not. Perhaps it is morphing into something bigger. Or perhaps not.
Fingers crossed. |
Looking lively again this morning... |
This website helps
with lots of SRT overlap, from the 'man overboard' bit
to this :
hovering over the image shows it's KSA....
"Companies such as MARSS, and contracts such as this, demonstrate the ability to rapidly develop and implement complex integrated defence programs by smaller, agile companies, at a fraction of the cost and in half the time.”
This Q and A suggests lots of overlap with SRT
Project could be just sophisticated protection for MBS and key family.
PS Maybe the US Secret Service should check them out...?
ATB |
To be honest, I’m still surprised the year end uodate(15 months) had so little detail.Gross revenue mentioned but nothing else of note.What’s your view Lav? |
I see they have hired the General Manager for Saudi, a Benjamin H.. I am still very intrigued by this role, more so now that I see that he was Head of Projects Middle East for an outfit called MARSS Group - I have come across them before but can't remember where - who are into critical assets monitoring and the like, based on IOT they claim. Intriguingly, MARSS has a managing director for the KSA as well. Is Benjamin's move a step upwards? If so, something more is afoot than merely phases 2 and 3.
No doubt this will be clarified soon. |
Could it be... a leak of another negative trading update about to hit the newswires? |
Probably an MS update error ;-/ |
Could it be...........? |
Quite a move on friday, with some volume behind it. |
SRT should move its domicile to the USA ? |
It would seem that potential suppliers to the PCG who could arrange a concessional financeing package would be in a good position regardless of the relative quality of their offering. And no doubt many defence contractors will be pitching for business in the AFP/PCG upgrade. |
I mean market update-the latest RNS just mentioned a headline turnover number which is meaningless |
In October "The Company intends to publish audited final results for the 15 months ended 30 June 2024 during October 2024" |
Are we expecting year end numbers? |
Would Bahrain warrant a program manager? I had the impression that they don’t intend a major project spend, just some upgrades. Might have got the wrong end of the stick though. |
Many new jobs advertised on website - of particular note are two program managers, one for Saudi Arabia and one for Asia. Contract signing must be soon (I hope!) |
‘Interesting, suspect, impression, potential’
What a siren you are CM |
It would be interesting to know how SRT and Ocean Infinity (OI) are working together.
Clearly SRT has some very strategic Coast Guard contacts which will open doors for OI, especially in the Middle East. I get the impression that SRT has plenty of potential contracts on its plate, without looking for others. However, I suspect that autonomous
surface and subsea options will be a requirement, going forward. If SRT can offer such a facility, that has to be a good bonus. |
Happy New Year to one and all.
Looking forward to a first half including positive RNSs and the launch of Nexus which will significantly boost awareness of Emtrak and SRT.
I liked ST's comment that SRT won't spend a fortune on direct promotion/advertising of Nexus - that will be done via worldwide agents and the trade press who will doubtless be keen to report the virtues of this game-changing technology.
Glass definitely remains half full.
GLA |
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