I won't have a chance to watch the webcast until this evening, but it would seem plain wrong that information has been given in it sufficient to move the share price up by 20%+ without a proper announcement to the market.
Also, I can't help being concerned that this little pump is a prelude to yet another fundraising. |
Simon's 15 mins presentation has moved the share price up 20%.
I love how he talks about highly technical equipment and systems in a language that even the unnautical investor can understand. |
I bought some more but now finding a lack of sellers. With positive news....surely now it is 'when' not 'if' within the next few weeks (1-10 weeks in my thinking) then the share price will be back above boudicca's famous 50p..... |
'Better safe than sorry' ? |
If they have information to impart why no trading update ? |
For anyone who didn't watch the web cast the hair was clearly a result of superimposing him on a static picture background. |
I know Simon played down the imminence of contract signings but is the fact that he is in the ME now an indication that a contract (or two) may about to be signed? |
Good hair? |
em-trak is in fact clearly listed as having a stand at METS. |
There was only one question apparently: 'Why is SRT not at METS?'. The answer was that they are at METS, at their usual stand. |
Yes, his hair was interesting! I thought it strange that there were no questions answered by to Simon. Usually there are. |
It looks like a very exciting and positive q4 2024 for SRT Marine. I believe it this time more then ever before. Anyway fingers crossed :-) |
$420 million signed before the end of the calendar year'., including over $200 million from new ME customer (Kuwait?) |
No one has anything to say, so I’ll get the ball rolling.
His hair was interesting. |
For new shareholders or those wishing to increase knowledge of SRT, watch the 10 June Webcast hosted by Simon Tucker, our CEO, who's a very interesting and honest presenter.
Go to: hxxps://srt-marine.com/about/news/webcast-30th-september-2024/ and scroll down to bottom left and click 'June 2024'.
More importantly, Simon will be doing another live Webcast at 8.30am this Monday 30 Sept.
In your web browser go to hxxps://srt-marine.com/about/investors/ and scroll down the page to the "JOIN US FOR OUR NEXT INVESTOR WEBCAST" section a few mins before 8.30 on Mon to register.
FYI: I'm a small shareholder - in no way representing SRT! |
Looks like a David Brent ‘there’s good news and bad news’ investor call on Monday |
Not being (entirely) facetious, LaV, but 'what does Simon say?'.
ATB |
Far from taking my advice, it seems that they are hiring someone to further develop their app for the systems side. It could of course just be a replacement for someone who is leaving.
I wouldn't normally mention such trivia but I found the job description rather intriguing. The only apps that I know of on the systems side are for catch reporting for fisheries and installation of the transponders in boats. There might also be some dockside audit function for the fisheries. I would not have thought that the installation part warrants much work as it is basic one-off input. I can't see much in the way of non fisheries use either as those vessels don't have to actively do anything.
So have they got new or expanded potential fisheries contracts? Or have I missed some possible applications for monitoring? |
fft
I don't think that the basic specs change much.
WRT to terms, I think it is 50% on delivery, the rest less retentions on installation. Whatever the precise details, a couple of months after the green light has been received there should be large cash inflows, freeing up whatever proportion of the working capital SRT has provided. |
WRT kit ready to ship. Some of this kit must have been in the warehouse for a considerable time. Is there a danger that after a few years a customer decides to change the specifications (probably upgrade) and that the kit in the warehouse is no longer suitable and thus not needed - or only in part ? Has this kit already been paid for by the customer or is it effectively cash on delivery ? How do the contracts work ? |
Lav-you are indeed the voice of reason |
 C5
I think they use LinkedIn a lot. When you say fast growing, many would think that the business is growing fast rather than the payroll. Tucker said recently in a webcast that they need a project manager and a success manager for each country but beyond that nothing. I sincerely hope that they are not thinking of spending more on R&D before they actually are cash positive, rather than dreaming that they might be.
Your comment on a prior post about the kit being ready to ship is a similar issue. Some has been bought and paid for, significantly reducing precious working capital. Other parts are on supplier loans which must worry the suppliers and render future deals more difficult with them. Yet other items are covered by the in-country partner. So all in all it seems an insane way of managing the business when they do not know when any contract will start. Much better add three months to the implementation schedule and start the procurement and hiring once the final go-ahead has been received. |
Fast growing?Lets hope so |
I understand that the HR team are doing the research on finding all of the personnel to satisfy the fast growing company. They do this in house rather than going via agencies. They identify people with the perceived skills and then approach them directly. They have found that agencies do not deliver. |
Time was when they didn't have a HR person and now have a HR Business Partner (who I think is the boss), a HR Manager and just recently a HR assistant. Quite what they need the whole gamut for is beyond me.
They even have a H&S person, though I doubt she checks that the lads going up the towers have their harnesses on. |
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