Srt Marine Systems Share Discussion Threads

[2vdm] 05/1/2021 10:17

The share price is reflecting the lack of news. Perhaps some investors don't believe the contracts will now be signed before the year end?

[supernumerary] 03/1/2021 14:22

Good to see that Bahrain is very close to the top of the covid vaccination rate statistics. I'm mildly surprised that Saudi doesn't show up.

[lavalmy] 03/1/2021 13:17

There aren't any projected numbers.

Saudi has just lifted its recent travel ban, but arrivals from e.g. the UK have to spend 14 days elsewhere before being allowed entry. Kuwait is similar, but Bahrain opened yesterday.

Re milestones reached, I don't see why some of the Philippines ones would not be. The photo of the tower would be fairly pointless otherwise, given that they have put up many of these before without drawing attention to them. Again, a slight fly in the ointment with a ban on non-Philipinos coming from the UK until at least 15th January. I don't know if Dean went back to the UK, but if he did he will be stuck.

[pinkfoot2] 03/1/2021 12:32

No kidding-but I have to say Covid is a very good excuse for delivering bad news.The key KPI for me is cash-have the company got enough?We assume yes so that being the case, I wouldn’t be too concerned if we don’t meet the projected numbers.

[goodapple] 03/1/2021 12:12

Even in the knowledge of the Covid situation, we were assured that milestones would be reached and contracts were likely to be signed during H2. Since we are now half way through H2, I am expecting at least one positive RNS very soon.

[lavalmy] 03/1/2021 09:37

I certainly wouldn't like to time when things will happen, but I feel confident that the year as a whole will bring the beginnings of long-awaited success. There might be some positive surprises on top, Bangladesh, movement in the Philippines and such.

[yumyum] 02/1/2021 23:20

January will be a great month for SRT I am sure.

If not I will sell my 2m shares and move on.

Best wishes to all for a 2021 full of joyful times.

[supernumerary] 02/1/2021 18:54

Yeah, but it's Boris - the fact that you've eaten the cake today doesn't mean you can't have it again tomorrow.

I know ST's never been that interested in the UK as a customer, but I think it's a mistake. Worth going out of your way for your home market if only for the (admittedly potential) dividends long term. But it's also the cheapest and safest market to serve, the one that's most easily influenced in the future right direction, etc.

[yump] 02/1/2021 18:18

Extrader
You've just reminded me of Yes Minister. The Christmas one, where he is in line for Prime Minister and needs to generate some popular support, so he saves the sausage from the EU by calling it the British Sausage, so we can get away with less meat in it.

Uncanny parallel with Boris getting the last minute deal.

I can just hear Sir Humphrey suggesting that using French surveillance would be 'helpful'.

[extrader] 02/1/2021 18:10

Hi all,

A thought prompted by the ref to Brexit implications : if one of the drivers for adopting SRT is certain countries' concern re yellow/red cards from the EU re IUU fishing, what chance the EU/French/CLS might 'suggest' that buying an EU-flagged solution would be "helpful"...?

;-<<br />
ATB

[eagle eye] 02/1/2021 16:47

I doubt H M Government would choose SRT.
Politicians don't have the common sense to employ the obvious choice.
How about CLS? I don't think a French company managing UK waters would be the choice either, though in this world nothing would ever surprise me.

[countryman5] 02/1/2021 14:38

How will H M Government monitor fish catches in UK waters?

[yump] 29/12/2020 18:40

Hmmm. o/t I don't think the idea that global warming could lead to the UK freezing or boiling has quite been generally understood and that it can take only a small variation in temperature gradients to really mess up ocean flows, wind flows and then weather flows. Our wheat grain yields were the worst for 20 years and if it wasn't for covid reducing demand, potatos would be in a right state due to the waterlogged land for harvesting.

[the oak tree] 29/12/2020 18:25

Thanks to all on this BB for your comments this year, Im invested but quiet, as little to add. Especially like those close, or have been to SRT.

I suspect the oceans going forward, will be less as a free for all, and more regulated, as food security becomes an issue due to global warming. Jezz...that was a mouth full :)

[goodapple7] 24/12/2020 21:56

I hope all SRT's staff working abroad have managed to get home for Christmas. Thanks for all your efforts and best wishes to all at MSN and wherever all you lth's abide. Here's to 2021.?

[eagle eye] 24/12/2020 21:02

Happy Xmas to all posters who make this BB such an informed thread.
Thanks also to everyone at SRT who drive the business forward.
Enjoy the Xmas break, then onwards and upwards in 2021!
Best wishes
Eagle Eye

[gerihatrick] 24/12/2020 20:03

I am confident that SRT are central to the development of the system described in Gulf News. All will unfold in 2021 I Hope!

[roycecooledge] 24/12/2020 09:02

FWIW, I think the share price is resilient because the serious share holders, that make it what it is, are well wedded into the future prospects of SRT. If the price was buoyant due to hype alone we'd be looking at a more volatile profile. I personally think it's a good time to get in and then wait. The environment around maritime domain management is due to increase as security and fishing monitoring needs increase globally. Which they undoubtedly will. A relative slow burn fuse with a huge lump of explosive at the end! 

[pinkfoot2] 23/12/2020 22:35

CM-if they dont secure something before 31/3, we will see yet another profit warning.As always,3 months to rescue the year.Market cap needs turnover and profit-the first 6 months cannot support it.The share price is remarkably resilient but it’s all on hope.

I admire your optimism but we have been here a few times.Let’s see what happens in the next 3 months-another contract will provide much needed verification

[countryman5] 23/12/2020 20:55

As 2020 comes to a close, some thoughts on SRT going forward:-
If the above becomes a reality, it will provide three opportunities. 1. Other Countries will be obliged to buy into a SRT system. Satellite data will need to be bought for areas not covered, such as Iran and Yemen. 2. There will always be upgrades required, which provides future revenue. 3. Global prestige.
OEM, Emtrak and Digital ATON. Despite Covid, sales appear to be growing. A major new product is due for launch in the near future. Digital ATON has enormous potential around ports and inland waterways both within the EU and the US.
The BFAR project will be going live anytime soon. If it works well then expect Indonesia , Vietnam and others to come on board. They need to sell their fish to the EU. Don't forget the Philippines coastguard. Many Countries are becoming frightened of China stealing their fish. Numerous Countries would like a SRT system but can they afford it? It would appear that the World Bank might help various Countries, especially in Africa, where fishing is so important. There are other Countries, including S America, Sri Lanka and Bangladesh who could benefit.
At some stage the company will have paid off its debt and after accumulating a cash buffer, it will have cash to return to shareholders or make some bolt-ons. Management will have to keep ahead of the curve if substantial growth arrives. It is fortunate that its model requires having a highly regarded local partner to deal with the local installations. If the above happens, £4 in 4 years time? Definitely.

[countryman5] 23/12/2020 11:28

hxxps://www.zawya.com/mena/en/business/story/New_Bahrain_HQ_for_maritime_task_force-SNG_181557703/
Recent article about Bahrain being the headquarters of a maritime monitoring station to cover the gulf region. It is about sharing information. It would appear that Bahrain, Saudi and Kuwait are running with the SRT system. Logic would say that all members of 'Operation Sentinel' will adopt the SRT system so that they can all link into the same hub in Bahrain to share information.

New Bahrain HQ for maritime task force
The new and improved space will enhance the flow of information and allow for greater co-ordination in tracking merchant shipping

By Staff Writer, Gulf Daily News
A Bahrain-based multinational maritime force has officially opened its new operational headquarters that will closely monitor key shipping lanes and protect merchant vessels from threats.

Eight nations, including Bahrain, joined the International Maritime Security Construct (IMSC) since it launched operations in November last year.

[countryman5] 22/12/2020 13:57

From the half year report.
This year we have embarked on a major new development project to create a new and innovative transceiver product which we believe will open a significant new market segment for our transceivers business. This product fuses AIS with other technologies and will deliver a range of maritime voice and data communication functionalities out of a single device whilst also linking to other devices on the boat. We expect this product to launch at the end of 2021 and start shipping during 2022.

[33mick] 22/12/2020 11:10

Just checked again..that was the 2nd email from the same Bristol agent.
First one dated 9th Dec..both offering £250 finder's fee..if I can put them in touch with a candidate that's suitable.
I didn't read if fully then as it's electronic s & software.

[lavalmy] 22/12/2020 10:53

Excellent find and thanks for posting Mick.

This sounds like the project that they hired Mr Lester for earlier on this year, so maybe that has progressed to the point that they need new bodies. It doesn't necessarily mean that projects are about to be signed as such, but at least they feel comfortable about the increased outlay.

I wonder how long the other potential recruits might remain available? I don't suppose the jobs market is in rude health, but if they are smart hires they might have been hired by someone else.