Srt Marine Systems Share Discussion Threads

[yump] 12/2/2021 18:49

Having watched the webcast, I think its very unusual to hear a CEO talking about the structure of the company and its operations, rather than how its going to conquer the world (as is rather common). That is very refreshing.

After all, assuming the projects go ahead, the actual main issue is structuring the delivery, the data flow etc.

Very interesting hearing about the retreat from buying satellites, the increased use of local partners. In terms of the share price and big numbers those are unimportant, but they are absolutely crucial in making sure the business is actually run well.

Nice to know more about the business and how its being managed.

Its frustrating waiting, but there's no waffle here with the strategy imo.

[yump] 12/2/2021 18:41

Extrader

"imminent"
Now you've gone and said it !

[extrader] 12/2/2021 18:06

Re the 6 x contracts (tot $120m), I listened again :

- after talking about VSP..."these 6 are right on the end..";

- and, re a dividend Q .." when the 6 drop in, it'll be transformational...once we've paid down debt and built up a decent cash reserve..we'll [subject Board OK] do as Mr Buffett says and give it back..."

That, together with the other comments about no perceived need for a cash raise, suggests to me that some contract news is [hostage to fortune !] 'imminent'.

HTH

[parsons4] 12/2/2021 16:49

Bought in again yesterday and very happy with this morning's webinar. They are still learning by the sounds of it, but seem to be making progress. The market seemed to like it also.

[alter ego] 12/2/2021 14:39

I much prefer that sort of "material risk" LaV. ST mentioned reorganisation of the programming team to speed up development on GEOVIS. Weren't they looking for someone to take charge of that development area a while back? Perhaps they've got their man - if so I missed it. Should give Neil more time to focus on overall operations and direction of travel technically.

[lavalmy] 12/2/2021 14:23

I was interrupted half way through, so waited for the webcast to be on the website before saying anything.

Very positive, nothing much to add.

I did expect a trading update either yesterday or today. We were told what the transceiver business would make (£8 million) and they seem very aware of progress and milestones on the IMEMS contract, and yet have not issued full year guidance. In a normal year, where there was guidance, we would be generally expecting a profit warning in the absence of contract news. This year quite the opposite. They know full well what they will make in the absence of a new contract, so the lack of an update suggests that there a material risk of a contract being signed before year-end. Any day now, I think was used. I actually hope they announce whenever, but delay the revenues until after March to make for a bigger number next year (and in the broker's forecast). Impressions impress and 20/21 will be disregarded for SRT and many others.

Another sign of confidence is that staff numbers are creeping up slightly. Mixed up with that Tony, the delivery director, has moved on to Cobham and it is not that SRT are no longer expecting to deliver. A previous webcast mentioned writing a manual for their partners and I suspect that or something like it is what has been achieved by Tony and others. Combined with what Simon was saying about re-organising and how they will rely more on the local partner, it suggests that they will no longer be adding much (expensive) headcount on delivery.

[pinkfoot2] 12/2/2021 11:52

Got it

ATB!

[piedro] 12/2/2021 11:50

As I Understand It ...
:-)

[fredfishcake] 12/2/2021 11:49

As I Understand It

Same old same old really.....from the investor's POV nothing has changed for a few years, and it won't change until we actually get ink on paper for a few of these contracts. ST sounds hopeful about this, but then he always does.

[pinkfoot2] 12/2/2021 11:40

What’s AIUI?

[extrader] 12/2/2021 11:05

VSP 'static' @ 500m over 22 projects; of which
6 x 'closing stage' (my words) total $ 120m, of which 'a couple any day'.

AIUI

[pinkfoot2] 12/2/2021 11:01

Positive response to the webcast but that VSP is growing bigger and older like the rest of us.Did he mention anything about numbers this year ?

[countryman5] 12/2/2021 10:21

Mr T said that more people were viewing the webcast than usual. However, SRT is only a minnow on a very few radars. No institutions declared. Is the story credible? The share price says that very few people believe that the contracts will happen. I believe that the first of the 6, which he referred to, will be for between $40 and $50 million. Will that focus minds or will more contracts be required to take it to the 60 - 80 p level?

[philburt] 12/2/2021 10:04

I reckon, when all this comes good, there’ll be a tube of Steradent on every chair at the AGM...🤣
I’m still invested too. Accumulating gradually for around ten years.

[eagle eye] 12/2/2021 10:03

One of the key comments in today's presentation:

'Wanting something and being able to proceed with it are two totally different things'.

I agree, not a question of 'if' but a question of 'when'.

[homerer] 12/2/2021 09:48

My first purchase was 50,000 @3.2p on 06/08/2009 !!
I've been acquiring since
The most expensive purchase was 40p on 28/10/2010

[alter ego] 12/2/2021 09:40

K, I had a post censored for telling someone they didn't know what they were talking about. You kindly said it for me the next time they butted in. Thank you - you're a gent.

[alter ego] 12/2/2021 09:36

Kinbasket, I remember you from the Fool days when you had beans for tea :-)

[kinbasket] 12/2/2021 09:35

At future AGMs, they'll wheel us out in bath chairs with blankets over our knees.

[alter ego] 12/2/2021 09:34

My first purchase was on 25/10/10 at 43.38p - ouch. Have stuck with it and added considerably since.

[smartmoney100] 12/2/2021 09:25

Only 10 yrs! Reckon I'm up to 12 now. Big contract news must be imminent :-)

[kinbasket] 12/2/2021 09:07

I'm still here .. :-) Must be close to a decade for me. I was young and beautiful when I bought my first shares.. Anyhow. I've been adding to my position yesterday and at the open for the first time in six years. Looks very positive and as always, there's no evidence the contracts are going to anyone else. So it's just timing.