Srt Marine Systems Share Discussion Threads

[lavalmy] 16/10/2020 14:21

The webcast is on the site now. Nothing seems to be edited.

The only thing that I wanted to check was his slide about 'multiple significant new opportunities'. From around 35 minutes on. What had intrigued me was a comment about having to look at it carefully, which is indeed what he said, as well as 'that there is no exaggeration here about the opportunities and the status of them.' 37.50 ish.

So I look carefully and I am not at all sure what I am supposed to glean from it. It seems very likely that he is hinting at the Philippines and possibly that is related to the $50 million 'follow-on or new' project mentioned a bit prior to that.

Otherwise, the World Bank stuff in Bangladesh we sort of know about. It is nice to see that the M/E is pencilled in for a further £150 million of follow-on as well.

As ever, we wait for the ink in the M/E.

[alter ego] 16/10/2020 14:10

I thought this snippet might be of interest.

Following my question to ST about sales in Australia I followed up with an enquiry to Louise Coates. She said Vesper had historically had a "large reach" which is how I recalled it but that she has signed up a number of large and significant dealers who are now regularly supplying SRT and em-trak kit to their customers.
Apparently units with wi fi connectivity are the most popular, both 2W and 5W.

In general, em-trak is such a strong brand it produces lots of calls from new dealers as a result of customers asking for a specific unit because a friend has one or they may also notice other dealers selling the brand.

Seeking out new dealers is a constant activity and Louise is always looking for new opportunities to expand sales and to fill in gaps in dealer coverage.

It seems to be working judging by the sales growth reported.

[goodapple7] 16/10/2020 13:46

SP moved now...!

[fredfishcake] 16/10/2020 11:48

It's the first time I can remember one of these not moving the shareprice. I know that Covid is getting in the way, but SHOW ME THE CONTRACTS

[lavalmy] 16/10/2020 09:36

SRT overpromising? Never.

[extrader] 16/10/2020 09:33

Maybe some editing needed, if there was an inadvertent 'over-promise' ?

[lavalmy] 16/10/2020 09:28

Bit slow putting it online?

[yumyum] 16/10/2020 08:39

£69m over two and a bit years starting...this calendar (correction...this financial year ending Mar 31 2021) year.....plus xyz maybes spread over 2-3 years...starting.....some in 21-22 cal (correction...financial year) year fingers and toes crossed.

[amt] 16/10/2020 07:53

I thought he said at one stage the delays were behind us so does that mean 69m coming through in the current year or is it 200m

[yumyum] 15/10/2020 15:05

On top of 3 in the Middle East the nearest maybes were (in no particlar order) Philippines, Indonesia, Bangladesh, Sri Lanka, with some African countries getting closer but definitely not this year (nor next felt was implied)and unnamed South America (where the blob on the chart was in Central America). All pretty upbeat and confident. Same old of course. I am holding for now.

[effortless cool] 15/10/2020 14:09

Thanks, alter ego, much appreciated.

[alter ego] 15/10/2020 14:03

Nothing too significant EC as you would expec. Some "colour" added to what we already know:

ST values the ME delayed contracts at £69m and mention SRT have someone in the ME working on getting contracts ready (for approval/signing I assume but not said). Overall tone here is Simon is expecting to get these signed in the near term but he admits it will take as long as it takes so I'm not holding my breath.

£9m received in July? from Philippines so cash position is ok.

Latest series of transceivers has expanded connectivity options. B900 launched in Jan has wifi and bluetooth so everyone on a vessels has access to the data on whatever mobile device they use.

Dean (forget his surname although I met him last year), the Production Manager has been in the Philippines all year assisting the project to progress.

Home working is the norm for engineers and development staff now. ST thinks it will be permanent and once someone opts to work at home they can't switch back to office working. Some money invested in desks and kit to make this happen.

In answer to a question ST said yes, SRT are getting some recurring revenue for selling sat data. Also mentioned repeat revenue for upgrades which will become more prevalent in time.

Lots of new satellites being launched with new sensors offering new options for data sales but resolution not sufficient to rely upon solely so land based monitoring is essential.

In answer to a question about Australia, ST said they don't seem interested in MDA systems at the moment and SRT has enough irons in the fire anyway. He said most transceivers sold in Oz are SRT. Odd this as last year Louise told me the competition from Vesper was strong and I got the impression SRT were not. May be my misreading that.

Some of the slides listed where systems projects are actively being pursued but didn't have time to write it all down so see the detail when it goes onto the website.

Apologies for any unintended errors.

[effortless cool] 15/10/2020 13:27

Anything interesting today? (I guess not, from the silence so far and then flat share price)

I had a clash for the presentation and it is not yet available on the website.

[eagle eye] 15/10/2020 09:36

SRT's online AGM starts at 11.30am today, followed by a Simon Tucker presentation.
The link for the live broadcast is below, towards the bottom of the page.

EDIT: A recording of the webcast is now available here:

[countryman5] 14/10/2020 08:14

Looks like the company has created new ATON models with the launch of its Environmental Systems business under the 'Digital ATON System' DAS. See products on the website.

[pldazzle] 13/10/2020 10:51

Email received at 10.40am:

SRT Marine Technology is pleased to announce the availability of a range of new kits that make it easy and cost effective for any port or waterway authority to significantly improve safety through effective and reliable monitoring of buoys, lanterns and the environment with real time information displayed on your existing VTS system.

These innovative new AtoN monitoring kits enable port and waterway authorities to significantly enhance safety and reduce risk by alerting relevant authorities and vessels to off-position buoys, faulty lanterns, and poor weather. By using AIS, the information is automatically displayed on existing port VTS and vessel ECDIS.

DAS Carbon-1 – Buoy, Lantern and Weather Monitoring AIS AtoN Kit – this kit enables you to make sure a particular buoy, such as your Cardinal buoy, or other important buoy, is in the correct location and the lantern operating, and if not, that you are alerted. DAS Carbon-1 will also transmit a real time AIS feed of all common weather parameters to both your VTS centre and all nearby vessels.

DAS Carbon-2 – Buoy, Lantern & Advanced Weather Monitoring – this kit provides continuous monitoring of buoy location, lantern operation and provision of a comprehensive range of real time local weather conditions – wind, humidity, precipitation, air pressure & visibility – all of which is continuously transmitted to your VTS centre and all vessels within up to 25km.

DAS Express-1 – Buoy Position Monitoring – this small and cost-effective kit is a complete buoy location monitoring solution that can be installed on any buoy. DAS Express-1 will continuously transmit the real time location of a particular buoy to both your VTS centre and nearby vessels. Express 1 connects directly to the existing available power source and includes a back up battery in the event of power failure.

DAS Express-2 – Buoy, Lantern & Weather Monitoring – this small and cost effective kit will continually monitor and transmit the location of your buoys and health status of the lantern in real time to your VTS centre and all nearby vessels. Ideal for small and medium sized buoys, Express 2 connects directly to the existing available power source and includes a back up battery in the event of power failure.

Each kit is based around SRT’s professional CARBON & EXPRESS AIS AtoN Transceivers which offer a wide range of sophisticated functionality and includes everything required for easy installation on any buoy by a local marine electrical engineer.

For over a decade SRT has been at the forefront of AIS and AtoN technology and product development. Our range of AIS AtoN transceivers are the preferred choice of professional port, waterway, and infrastructure owners worldwide due to their performance and long-term reliability. These new kits are the first in a range of flexible solutions that enable easy and cost effective implementation of remote AtoN monitoring.


Contact us for further information: [e-mail]
or
click on the LEARN MORE button to go to our website

[extrader] 13/10/2020 08:02

Hi all

Some progress - apparently - on Philippines budget...

hxxps://www.msn.com/en-us/news/world/duterte-allies-break-impasse-on-philippine-house-leadership

ATB

[energeticbacker] 09/10/2020 10:00

SRT Marine: a year of two halves, again!

Investor's Champion commend SRT’s excellent investor relations efforts and would urge anyone interested in the company to watch its presentation at the AGM on the 15th October 2020. More on their website.

[pinkfoot2] 09/10/2020 08:29

Lav

I agree with all you say but the key word is ‘if’ and most of us are hanging on this one

[lavalmy] 09/10/2020 07:03

It would be worth noting that some £6.5 million is due from the Philippines, of which about half would be payable to the local partner. This half, and maybe a bit beyond, there is a further £7,567,456 of revenue to be recognised. How much cost will be allocated to that or has yet to be incurred is unfortunately unknown, but a 40% margin might be close. So £6-7 million of net cash should be received from that contract, the bulk this half, £1-2 million possibly next FY. That should cover the overheads. In addition, there is the contribution from the transceivers business, no longer negligible.

As to binary, well what if one contract drops? The position we all want is for multiple contracts to be on the go, so that hiccoughs on one are smoothed by progress on others. Possibly the Systems Procurement Manager will be in charge of dealing with those sorts of contingencies.

[pinkfoot2] 08/10/2020 20:30

The problem is Countryman that it’s all in the second half again-though this time it’s Covid related.The reality is turnover is minute compared to market cap-which pints you to contracts.So the decision is binary-believe the contracts will drop or not.

Cash is ok but it will burn quickly if this virus continues to hamper

[lfc4ever] 08/10/2020 12:14

bit of a misread by the mm's there this morning

[amt] 08/10/2020 10:04

If that happens the share price will be over 2 quid. Its a big If though