Jam tomorrow seems to be the story. It's a business with great potential in theory but I'd like to see real revenue- and cash- progress before I take the plunge. Any business involving governments takes an age to finalise (our own is as bad as any eg Rolls Royce and SMRs)so I don't feel in a rush and don't mind missing out on any early price movements. The AGM might provide a decent clue. |
Malaysia is willing to spend $70 million if Ocean Infinity finds missing plane. Clearly Malaysia has spare cash. Large numbers of ocean going vessels pass through its waters and it has a large fishing industry. It also has an AIS terrestrial system. |
hxxps://www.rappler.com/philippines/supreme-court-decision-commercial-fisher-allowed-municipal-waters/
Big business allowed within waters where small fisherfolk fish, says SC
DEC 20, 2024 1:31 PM PHT
Philippines fishing politics continue |
Good spot owenski- quote:
"However, we are already working with some companies to supply the device to prevent accidents and fatalities at sea,” he said."
Who might that be? |
All marine vessels plying off the Mozambican coast will soon be required to carry an automatic location device, so that maritime authorities can identify their position in the event of accidents.
The device in question, to be installed on all types of vessels, will not only allow the location of boats, but also facilitate the issuing of alerts to vessels setting sail, in the event of changes in the weather.
The measure is also justified by the increasing number of maritime accidents and incidents along the Mozambican coast.
According to Isaías Mondlane, the idea is to install a simple and affordable device on all types of vessels, so that their whereabouts at sea are known in real time.
“We have more than 43,000 small vessels that do not have this system; only the larger vessels do. However, we are already working with some companies to supply the device to prevent accidents and fatalities at sea,” he said. |
 hxxps://sustainablebusinessmagazine.net/agriculture/indonesia-sustainable-fishing-2025/
Indonesia sets sights on sustainable fishing by 2025
The Indonesian Government plans to move towards completely sustainable fishing by 2025, but a lack of monitoring has led some to question whether it can be done.
After China, Indonesia is the second-largest fishing nation in the world. The majority of fish being caught is for domestic use, with the nation’s 270 million citizens eating three times as much fish and seafood as the world average.
However, increases in production over the last few decades means that fish stocks in Indonesia are now suffering from overfishing.
According to the Marine Affairs and Fisheries Ministry, 90% of Indonesia boats fish in areas that are already overcrowded by other fishing boats.
Indonesian waters are home to 37% of marine species, and many are now endangered. Solutions to Indonesia’s fishing problems are often detrimental to environmental health, focusing instead on economic issues like sales and subsidising overfishing practices.
Although over 90% of fishing in the region is done by small-scale operations, the main beneficiaries of fishing subsidies are huge, industrial fishing fleets.
The technology enables remote monitoring in real time, which could potentially be used to enforce more sustainable fishing. |
December 20th
Indonesia teams up with 10 countries to combat illegal fishing
Indonesia has forged collaboration with 10 countries to combat illegal, unreported, and unregulated (IUU) fishing by strengthening regional cooperation to protect fishery resources and the sustainability of marine ecosystems, an official said as reported by the national news agency Antara.
hxxps://en.vietnamplus.vn/indonesia-teams-up-with-10-countries-to-combat-illegal-fishing-post307081.vnp |
C5
The captions which Baynet posted have been changed to now be identical, i.e. not mentioning trainers and Bakamla but instead SRT MDA components. The second picture clearly shows Bakamla people and our Stephen Meakin. I rather think that is where the components have been shipped.
I don't think there will be much contract news above and beyond the four current ones until maybe the end of next year. Perhaps we will learn a bit more at the AGM. |
System components arrive. Which Country? Possibly Bahrain? Too small a delivery for it to be Kuwait, which was probably delivered a little while ago? It has taken a VERY long time to get the Indonesia Coast guard contract started. We now have a new Presidential team in place and I suspect that the new fisheries minister will be talking about the fisheries system with SRT and UKEF. A system in several months time?. I wonder how Tanzania and other African counties will be financing their SRT systems. My understanding is that the World Bank only finances 50%, or will they replicate the Indonesia Coastguard model? At least Kuwait, Saudi and possibly Bahrain have ready cash. I am expecting Vietnam to soon appear on the agenda. |
goodapple - OI must be on good terms with the Malaysian government, and will be even more so if they find it. Always helpful to have friends in high places :¬) |
hxxps://en.antaranews.com/news/338514/indonesia-urges-uk-to-cooperate-in-food-energy-water-security
I think that water security means marine domain rather than potable. The UK ambassador was in the UK for when Prabowo visited, met him at the airport. |
New gallery Pics TODAY ....system components and SRT specialist trainers arrive in Indonesia/Bakamla |
Ocean Infinity to resume search for MH370 - again on 'no find, no fee' basis. |
That's very unfortunate and I guess it disproves my general point. |
alter ego.
Yes sadly "The Prophet" did pass away. |
As in life, investors should follow a general rule that what they do not know to be true should not be assumed to be untrue.
It may be that some people are just better informed or have found better ways to research their subject matter.
Incidentally, you recently implied that a prolific poster called "The Prophet" was a cheerleader who had not done well and had disappeared. In fact, he and I exchanged many messages following the discovery that we had attended the same school (in different years). I recall that despite up and downs he probably made a fair prophet (sic) having originally bought at a couple of pence. He too was very well informed. My last message to him asking about his situation got no reply and I assume that unfortunately, he is dead. I think that excuses his absence from the board he initiated. |
Yes I’m well known for my many blogs full of anything that fills extra space. |
"More generic rubbish cluttering the internet". Et tu yump |
Free trials? That doesn’t seem remotely relevant.
More generic rubbish cluttering the internet. |
Thanks @Countryman5 - but I found it hard to read.
Computer say:
START:
Thought about SRT Marine Systems growth for a couple of seconds
Executive Summary (High Confidence):
SRT Marine Systems, a small but innovative AIM-listed maritime technology provider, is rapidly gaining global traction.
Its unique AIS and GeoVS solutions are being adopted by major coastguards and governments (e.g., Bahrain, Saudi Arabia, Kuwait, Indonesia), driving strong sales and building a robust contract pipeline currently around £320 million.
Further demand is expected as other countries seek to enhance maritime security and better manage fisheries, supported by international financiers like the World Bank.
Although recent financing caused shareholder dilution, it positions SRT for rapid revenue and profit growth. With no more need for free trials and a developing team to handle surging demand, SRT looks poised for significant near-term performance improvements and share price appreciation.
END
Just about sums it up I imagine (but haven't checked) |
Yes what was that?
Actually there’s quite a few threads that have mind-dumping.
In fact those started by cheerleaders don’t seem to fare very well. The posters seem to have vast amounts of data and knowledge about the business but not about the practicalities of running one or assessing the quality of the investment. Analysis paralysis.
I can recall the Prophet and the Count here, since disappeared. |
And that ends today's sermon on SRT :-)) |
C5 - have you ever considered writing an article for the Daily Mail? |
Close watchers of this small, but innovative company, recognise the momentum building within the sales of this AIM listed company, which has a unique position in global markets. Sales are being driven by numerous factors. Firstly, SRT has acquired a reputation as the reliable supplier of AIS products, which are increasingly sold by its own EMTRAK brand, with NEXUS about to deliver an addition to the offering. Secondly, Coastguards around the world all watch each other and they can see what is happening in Bahrain, Saudi, Kuwait and Indonesia. There is recognition that Geovs delivers something which is unique, and coastguards are badgering their political masters for some of it. Obviously, budgets have to be approved, but security invariably opens cheque books. Thirdly, as per the recent FT Moral Money article, countries around the world know that they have to monitor their fishing boats to secure their future fishing operations. The World Bank knows all about the SRT system and will be helping many countries prepare their budgets. The Philippines is not alone in having powerful vested interests inside their commercial fishing fleets, but countries will be warned and prepared about dealing with those vested interests. In the next six weeks a lot is going to happen. We will have the four contracts (Kuwait, Saudi, Bahrain and Indonesia) all fired up with Kuwait delivering to help with the first half figures. (December 31st). We will hear these results in early January, together with the much-anticipated brokers note, where TO / PBT for this year and the next two will be underpinned by the £320 million of signed contracts. The big unknown will be contracts joining the £320 million. I believe that the pace of Kuwait will follow into more work from that Royal family. The neighbouring Royals in Saudi will want to maintain their security, especially with what is happening in the Red Sea, and will want to match Kuwait. And then there is Africa, where fishing and security (China v US) is increasingly hitting the headlines. Nothing is being factored in with the Philippines, but eventually truce will prevail within the fishing vested interests and both BFAR and PCG will have pent up demand. In late January we will have the AGM, when it will be interesting to hear the present and anticipated head count. Growing the team is one of the greatest challenges with many key workers needing to be found and trained into the SRT way of doing things. will the share price be beyond £1 after the AGM? The company has needed an injection of funds which has resulted in a dilution of the shareholder base. This was unfortunate but necessary. We will soon have a 24% shareholder. If Indonesia had started delivering six months earlier, or if Kuwait had not started at such speed, such dilution might not have been necessary. One of the consequences of the dilution is that the LTIPS will need to be rebased. Our management team needs to be rewarded for their incredible achievements. The alternative is to use the fast-flowing cash to purchase shares in the open market, where there will be few sellers.
I am anticipating a fast growth in T/O predicted in the brokers note, with an even faster growth in PBT, because of increased margins going forward. SRT will no longer have to offer free trials to countries. The message going forward will be ‘Join an orderly queue, to receive your SRT system.' |
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