 Simon Tucker, SRT CEO commented; "This is a solid start to the year. The combination of our transceivers business, a £334m active contract book from multiple sovereign customers, each with long term system development plans and a £1.2bn pipeline of further prospects gives us significantly improved visibility over future financial performance. Both of our businesses are now well established and our future is underpinned by our portfolio of sophisticated technology and products, an established market position, and a global MDA market at the beginning of its growth curve."
I suspect that the long awaited and detailed 'Brokers note' will have to wait until the Indonesia contract gets the final legal sign off. The company will know how the £334 active contract book will be spread over years 2025, 2026 and 2027, together with margins per milestone. I suspect that the note will emphasise that these will be minimum figures with scope for upgrades. I optimistically predicted 100p before the end of January. However, I was anticipating the brokers note to be the trigger for the uplift. I am also assuming that people believe the forecast in the note!
PS.
Those who are trying to give this a fair share price should not totally ignore that we shall soon have a 24% shareholder! |
Card is on a pe of 6 and that's a low risk share with 6% yield and upper single digit profit growth.
So a pe of ten is good going these days.
SRT might seem cheap but there are others that are much cheaper and much safer.
The AIM market is a disaster |
Guesswork at the moment as no forecasts, but if they get anywhere near 10mln pbt, with a massive revenue jump, the pe won’t be at 10 for long ! Pets at home is higher than 10 even after a forecast profit hit from NI ! |
OK yump seems fairly priced then on a pe of 10 given the terrible historic record of meeting forecasts. |
Why not just say pbt at 10% as in first half. Thats good for contracting.
At say 100mln for 2025 and 10mln pbt thats earnings of 4p.
Multiply by your own rating to get a share price |
At least there is a profit
What is realistic going forward.
Say 200m turnover per annum at 30% margin giving 60m gross and 40m net and market cap of 400m ?
Share price target 2 quid.
Is that realistic ? |
Thank you AE |
gaslight, yes you are missing the previous comments about this. To save you time this is the reply I got from SRT when I enquired. See post 15302
I received a prompt reply from Louise, copied below:
"Hi Robert thank you for your email. Yes, METS was indeed very successful. Unfortunately, what your fellow shareholders found was a development page for the X100 which is not yet live. This will be live in the coming weeks along with a carefully timed mass marketing campaign designed to build interest and further preorders before we start to ship product from our UK and EU warehouses in the first week of February. In the meantime, the website developers have corrected their error and there is now no mention of the X100 on the website.
Thank you for the information."
and shortly, followed up with a another message:
"Thank you Robert, I should mention if anyone is still seeing links to these pages it is probably because their browser has cached the pages and they will need to refresh to remedy.
Kind regards.
Louise Coates
Transceiver Sales Director
em-trak Marine Electronics" |
I still find it very odd that there is more information about Nexus/X100 on dealer websites around the world, than there is from Em-trak's own website ( where there is no information at all )
Some dealer sites provide the link to Em-trak's website which merely states 'page not available'
Am I missing something? |
What will broker's forecast state re expected profits ? And share price target. Maybe Countryman5 will be right and we shoot past 100p ! :-) |
It would be nice to hope that spiking of the share price has gone, as that has made sell/hold decisions difficult.
Perhaps there’s enough skepticism now to stop that until results actually appear.
There may still be a herd waiting in the background though. |
pyman
please repeat your last two posts......daily..... |
share price chart looks set to spring up... hope springs eternal... |
More fishers urge SC: Protect our rights, let us intervene in Mercidar case
JAN 10, 2025 5:14 PM PHT
'While this is a single case, its massive consequences affect 2.3 million municipal fisherfolk,' the petitioners say
MANILA, Philippines – More municipal fishers petitioned with the Supreme Court (SC) on Friday, January 10, that they be allowed to intervene in a case that allows big business to fish within municipal waters.
The petitioners are fisherfolk from Batangas, Quezon, Zamboanga, and Cavite. The SC still needs to approve their legal standing to intervene.
Once granted, the petitioners will be part of the ongoing litigation and have the chance to express their interests and assert their rights in court.
What are the fishers reacting to? On August 19, 2024, the High Court’s First Division affirmed a 2023 ruling of the Malabon Regional Trial Court (RTC) allowing the Mercidar Fishing Corporation to fish within the 15-kilometer municipal water zone. |
Kuwait Coast Guard modernizing fleet, introducing drones
December 26, 2024 09:47 p.m
Share
KUWAIT:
As part of its efforts to further secure Kuwait’s waters, the Coast Guard will soon integrate “maritime drones” into its fleet. These drones are set to begin operations during Ramadan in 2025 and will be active 24/7 for two years. Equipped with live-streaming cameras, warning systems, and tracking technology, the drones will significantly enhance the Coast Guard’s ability to monitor and safeguard Kuwait’s waters from potential security threats.
The radar system, which is expected to be fully operational within 16 months, aims to bolster efforts to protect Kuwait’s waters from illegal activities such as smuggling and unauthorized intrusions. The system will involve the construction of 12 new towers, complete with radar, cameras, communication devices, and new electronic navigation systems, marking a major advancement in the Coast Guard’s technological capabilities. Additionally, the project will include maintenance and training over the next 10 years, ensuring its long-term sustainability and effectiveness.
Something for the Saudi coastguard to be envious of! |
Sort of Extrader.
It was more progressing new projects with the PCG I was thinking. I assume that the BFAR IMEMS is finished and that no further phases will start for a long time if ever. There is no sign of progress there and many signs of the opposite. So who else might need a data centre that they would get from a marine surveillance company as opposed to a data centre specialist?
OTOH Malaysia may also be in the frame?
Answers next week. |
Ah!
I was thinking - naively/optimistically - of new countries, you were (rightly) more interested in actually progressing existing ones....;->
ATB |
Possibly the HR department is that linguistically aware.
The Filipino angle is of itself interesting and suggests that there is more to look forward to there, data centre wise. |
Malay covers 'bahasa', which would include Indonesia... but also Malaysia itself of course...and Brunei (small but wealthy, with lots of marine assets), which UK used to take care of.
IIRC
ATB |
They seem to be looking for a Senior Systems Engineer - Infrastructure and Network, which seems to be new, but might well be a repeat. It seems that they are planning on a matrix management system combining country experts and experts in particular aspects of projects for multiple deployments. No doubt much will be gleaned next week about how they intend to execute on their projects.
What struck me about this, apart from the requirement for travel 'sometimes with noticeably short notice', was that proficiency 'in other spoken languages such as Arabic, Filipino and Malay (would be) an advantage'. Interesting selection. |
Margins and profits are part of the story.I plan to be there! |
I'd rather hear on margins and profit and not more storys. |
Hopefully the CEO of Ocean Infinity will be at the AGM, in a few days time. Perhaps we will hear about O I's joint ventures in present and future system's contracts. I wonder who will be SRT's preferred aerial drone provider? Geovs is all about receiving numerous information feeds, 'slicing and dicing' and presenting alerts and response options to the control room operator. Simon likens a systems contract to Lego bricks. Countries start with a basic system and then keep adding 'bricks'. Those that can afford it will possibly want Geovs terminals on all of their boats, together with technology that has yet to hit the market. Geovs is the key for so many information feeds. |
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