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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Srt Marine Systems Plc | LSE:SRT | London | Ordinary Share | GB00B0M8KM36 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -2.17% | 22.50 | 22.00 | 23.00 | 22.50 | 22.00 | 22.00 | 757,911 | 09:44:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Services, Nec | 30.51M | 69k | 0.0004 | 562.50 | 43.3M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/12/2020 16:48 | It’s nice when it goes up, but without contracts it’s unlikely to stay there for long. | philburt | |
01/12/2020 16:27 | January high seems an obvious target | yump | |
01/12/2020 14:45 | The chart suggests a breakout attempt at 44p-45p +3p Only 153K shares traded so far, so on very low volume. | eagle eye | |
28/11/2020 19:10 | Would it be possible for Simon Thompson to arrange for some of these contracts to be signed too? | pinkfoot2 | |
28/11/2020 12:20 | C5 - I was amused to read this recent quote from Graham Cooley, CEO of ITM: 'Our backlog – and that means either under contract, in the final stages of negotiation or preferred supplier status – is now up to £120m. Over the last 12 months, jointly with Linde, through our joint venture ITM Linde Electrolysis (ILE GmbH), we have bid a total of £325m of turnkey, fixed price contracts' ITM hasn't actually sold anything in ages (although there was a recent MoU for a 20MW electrolyser) but has a current market cap of nearly £2B! Way to go, Simon! | supernumerary | |
28/11/2020 12:09 | Those investors who read the paper copy of Investors Chronicle will be digesting Simon Thompson’s SRT BUY recommendation over the weekend. | countryman5 | |
24/11/2020 13:53 | No doubt it will take some time before the environmental systems business gets any traction. It would appear that the SRT ATON has great potential, especially when it is part of a 'turn key' operation. The US has a problem with ageing infrastructure and this includes numerous bridges, some of which are over waterways under which ships pass. The ATON has the ability to measure the air space so that an approaching ship is warned of the headroom between the water and he underside of the bridge. If a ship should hit a bridge and cause damage, the potential loss of life either on the road or railway could be enormous. If an ATON is installed the ship would be alerted to the air space limit and if there is subsequent damage or loss of life the ship's insurance would have to cover liabilities. An enormous market in the US but also around the world. | countryman5 | |
24/11/2020 12:45 | Interesting long article in this week's Economist on fishing in Ecuador - seems to be becoming a hot topic after the media reports on the Galapagos. Ecuador, a victim of illegal fishing, is also a culprit Endangered species of shark are caught in Ecuadorean nets On may 4th customs officials in Hong Kong impounded the largest illegal haul of shark fins in the territory’s history. The documents declared the cargo to be dried fish, but they were in Spanish, not English, which aroused suspicions. Officials found 24 tonnes of fins, most from endangered species such as thresher sharks, with a retail value of $1.1m. They came from Ecuador. Ecuador portrays itself as a victim of illegal, unregulated and unreported (iuu) fishing by Chinese trawlers near the Galapagos islands. In fact, its fishing industry is just as bad, says Max Bello of Mission Blue, an ngo based in California. Ecuadorean vessels fish illegally in protected areas such as Colombia’s Malpelo sanctuary and Costa Rica’s Cocos island. Since 2018 at least 136 large Ecuadorean fishing vessels have entered the Galapagos islands’ reserve, which covers 133,000 square km (51,000 square miles), says the director of the archipelago’s national park. Consumers in Quito and other inland cities buy shark meat thinking it is sea bass. Many boats illegally transfer their catch on the high seas to larger vessels, which carry them to other markets. Under Ecuadorean law fishermen can sell endangered species like sharks or turtles if they catch them unintentionally. Some boats report half their catch as by-catch. The world is taking notice. Last year the National Oceanic and Atmospheric Administration, an American government agency, accused Ecuadorean fishing companies of violating international conservation agreements. The European Union, the biggest buyer of Ecuadorean tuna, has told the country to step up action against iuu or risk losing access to its market. In 2018 a committee within cites, an international convention on trading in endangered species, recommended that its 183 members suspend trade in fish with Ecuador. Its government is incapable of reining in a powerful industry. Fishing companies employ 100,000 people, and contribute $1.6bn a year, 1.5% of gdp, to the economy. Ecuador’s tuna fleet, the largest in the eastern Pacific, has around 115 large mechanised ships. The rest of the fishing industry consists of more than 400 semi-industrial vessels and nodrizas, small boats with no machinery that catch a greater variety of fish. Fishing gets special treatment from the government. It often issues permits for export of shark fins to Peru that do not comply with cites standards, says Oceana Peru, an ngo. Allies of the industry hold important posts at the vice-ministry of aquaculture and fishing. Some have seats in the legislature. [ ... ] Ecuador’s government tried to crack down, especially after the eu’s “yellow-card&r Conservationists say these measures will not work. Ecuador’s coast guard and navy do not have enough money to patrol its seas effectively. Ecuador must improve its rules and enforcement before the eu lifts its yellow card, says an eu official. Conservationists are urging the government to double the size of the Galapagos reserve. That would cripple Ecuador’s fishing industry, which competes with China’s modern, government-subsidise The pain would be temporary, respond advocates of the expansion. Eventually it would lead to an increase in fish stocks and thus to bigger catches. The Galapagos reserve, even though it is poorly policed, has rescued species threatened by overfishing. A bigger one would help the threatened yellowfin tuna population. The critically endangered scalloped hammerhead shark, which mates in the Galapagos reserve, might survive. If Ecuador wants to continue profiting from its marine riches, it will have to protect them. | supernumerary | |
23/11/2020 12:48 | Where did you get that from Piedro? Incidentally, much of the Europe number is for the US market. I don't know the corporate structure involved, but their second biggest customer is registered in Belgium (and has been for years), Raymarine maybe. | lavalmy | |
23/11/2020 12:28 | FWIW ... - it would also be interesting if they reported sales by type IMO | piedro | |
19/11/2020 13:15 | Oh no - someone said 'imminent'! | fredfishcake | |
19/11/2020 12:22 | Q. Is this the only share which seems to levitate consistently on consistently questionable results? | glavey | |
19/11/2020 12:18 | Re-tipped by Simon T who says: "my financial models suggest that SRT should be able to generate annual revenue of £50m and pre-tax profit above £10m once the aforementioned contracts are signed..." and ... "I now feel that imminent news flow on SRT’s major contracts should drive a further re-rating of shares in the £60m market capitalisation company. On a bid-offer spread of 35.5p to 37p, they rate a buy." | boystown | |
19/11/2020 11:14 | Well that was a different share price reaction to what I was expecting as I was thinking they would need another fundraise! Could it be that those that know otherwise have decided that now is the right time to top up or that they can after the official results RNS. Or is this positivity linked to the Boris announcement for maritime spending possibly having a positive effect. I like to think that the new transceiver under development has had an effect as it looks like a real game changer! I am trying to put the financials to one side and just think of the potential here, as to my mind it just seems to get better but as usual patience is key! | barrieb | |
19/11/2020 07:51 | Not pretty to be honest.Cashflow dominated by loans and equity raise-otherwise they would have been out of cash.The balance sheet looks bad because of the covenant breach, taking the loans into short term liabilities, but the notes confirm this is purely technical.Very clear though that they came very close to running out of cash again.They may have £5m at the end of the period but it came from borrowings and shareholders. At the end of the day, sales too low for the overhead, in part due to the virus impact.As always, need other contracts to drop in. | pinkfoot2 | |
19/11/2020 07:46 | Yes an upbeat report. No surprises. Better than their original expectations and we await the signing of one or two big systems contract in the second half. | michaelmouse | |
19/11/2020 07:40 | "This generated a loss before tax of £2.7m after administration costs of £3.9m and net finance costs of £0.3m. Cash balances as at 30 September 2020 were £5.0m, with trade and other debtors of £7.4m. " Yet another year of losses - Finger needs to be removed asap if investors are not to depart worried that the valley of death will never be crossed (imo) Even though the Chairman paints a lots of jam (potential) tomorrow BUT the jam always seems to be moving on -"To-morrow, and to-morrow, and to-morrow, Creeps in this petty pace from day to day, To the last syllable of recorded time; And all our yesterdays have lighted fools the way to money heaven" OK Possibly OTT but the pace is horribly slow and cash burn horrific. (imo) | pugugly | |
19/11/2020 07:17 | Won't be long now: 'However, during the first half of this year, as part of our Covid resilience plan, our team growth plans were suspended, but have recently been reactivated due to the re-engaged status of a number of new system contracts which are expected to commence during the second half.' | lavalmy | |
18/11/2020 12:16 | 3 typhoons in succession, massive flooding, loss of life - must hamper progress even if low lying areas are worst affected. | alter ego | |
15/11/2020 18:05 | Hi goodapple, Good spot ! And - perhaps more to the point - if a suitably senior Saudi Royal/Minister fancied a spot of (cough) local R + R, they could hop over the Causeway and join in the party... ATB | extrader | |
14/11/2020 23:07 | supernumerary, that's good news. Thank you | piedro |
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