Srt Marine Systems Share Discussion Threads

[pinkfoot2] 03/3/2021 20:29

All this chat about tax and yet SRT doesn’t pay any!

Why?Well you need to make profits and the past losses in SRT will mean no tax for quite some while yet.

If anything, the deferred tax asset will be worth more given the rise in the CT rate.

[lavalmy] 03/3/2021 14:36

AE

They have got some and have registered for the scheme. My doubts are about how much of a systems sale would be covered - theoretically the lot but maybe reselling eg RADAR's would be split out. Most of the profit should accrue to the IP part anyway. I haven't studied the scheme in detail but there is a notional 10% deducted for expenses as well as a marketing spend, but I think if SRT hire a good team of accountants and can prove smaller actual amounts (given 10% of say £50 million is well over what they spend on sundries or marketing) they would be able to reduce those deductions and benefit substantially. All they need is some profits.

I hope the Chancellor does indeed simplify the thing.

[alter ego] 03/3/2021 14:34

A bit more detail

[alter ego] 03/3/2021 14:27

Interesting LaV. If I recall correctly ST has never been inclined to use patents because of costs, taking them out and enforcing breaches. Perhaps this might be attractive.

As an aside, I hold shares in a company (Strix) that rigorously enforces its patents and successfully too. They make thermostatic controls for electric kettles and defend a 40% world market share largely from far east knock off copies. There’s no encrypted software just well designed engineering so unlike SRT, they can’t rely on a product that’s difficult to copy.

[lavalmy] 03/3/2021 14:00

Here is a pre-budget comment I found interesting for the likes of SRT, which can benefit from the patent box scheme. How much is the question?

'The UK Budget, due next week, is widely expected to raise corporation tax from 19% to 25% over the next few years.

The Patent Box tax break allows UK companies to pay a reduced corporation tax rate of 10% on income from patented products.

The expected increase in corporation tax would significantly shift the cost-benefit analysis in favour of filing patents. Any costs associated with obtaining a patent portfolio would presumably be offset by the greater savings on offer.

We have already seen that the Patent Box is not just for the the largest blue-chip companies. The benefits are also substantial for many of our SME clients.

It remains to be seen whether the Patent Box regime itself will be adjusted in the Budget. There are rumours are of a simplification to the system- many will recall that pressure was put on the UK Government under EU state aid rules, which are less of a concern post-Brexit.

Whatever happens, the Patent Box should be on the radar of innovative companies looking to reduce their tax burden.'

[piedro] 01/3/2021 16:57

USCG in the Phillipines ...

USCG Carries Out Fisheries Enforcement in the Philippine Sea
BY U.S. COAST GUARD NEWS 02-28-2021 08:28:00
The Coast Guard Cutter Kimball has concluded a successful two week patrol to counter illegal, unreported and unregulated fishing (IUU fishing), furthering the United States’ commitment to regional security and partnership in the Indo-Pacific. ...

[pinkfoot2] 26/2/2021 20:37

Will be interesting to see how Saudi responds to today’s events.There will be sanctions-big test of Biden

[piedro] 25/2/2021 07:11

FWIW,

Canada Launches International Effort to Detect Illegal Fishing

[buck581] 24/2/2021 09:09

Any day now.
That’s why it’s being walked down.

[pinkfoot2] 22/2/2021 17:55

We need another broadcast or better still, some contract news

[piedro] 22/2/2021 11:14

Thank you LaValmy.

What 'caught my eye' was a tugboat in the Port of Vitoria, (Brasil) called "MA 500TR" which on searching gave 'MA-500TR Class B AIS Transponder by Icom America'

[cliffpeat] 22/2/2021 10:41

@Piedro

How does this square with regulations and does it limit their target market?

"Silent Mode
Operate securely and privately with the silent mode function. Switch off the AIS transmitter to temporarily stop sending out position location. Other AIS signal reports art still received when silent mode is on. Keep fishing spots privately from other vessels by utilizing silent mode."

[piedro] 22/2/2021 10:05

Does this use SRT technology or is from one of our competitors?




TIA.

[extrader] 18/2/2021 23:13

Interesting find !

Dainton was head RN man on the ground in Bahrain for the couple of years (mid 17 > mid 19) which likely overlap with SRT's securing its contract and subsequent implementation.

hxxps://www.linkedin.com/in/steve-dainton-a490a435/?originalSubdomain=uk

[piedro] 18/2/2021 14:34

A return visit?

19 Sep 2017
Coast Guard chief receives ‎UK Maritime Commander

[lavalmy] 18/2/2021 14:16

It seems Brigadier Siyadi visited the UK earlier this month. I can't find out much more than that or what he was doing. Probably met up with his best mate Mr Tucker?

[pinkfoot2] 17/2/2021 08:11

Prefer to keep my head clear and just hear the key points

[lavalmy] 16/2/2021 18:23

Why don't you listen to the webcast for once?

[pinkfoot2] 16/2/2021 17:58

Did ST give any indication of year end numbers or was it kept ‘high level’?

[lavalmy] 16/2/2021 16:51

They still want to sell a bunch of buoy trackers to Scotland.

But overall the UK has very few fishing boats. It is less than a 1,000 on the VMS currently.

Mind you, once SRT takes off, Brenda will be handing out export awards for exporting from Cork and the charlatans will be queueing up for photo opps.

[yump] 16/2/2021 16:37

I don’t know if I’m remembering this right, but when the subject of overseas sales being long-winded was brought up ages ago (webcast question ?) I’m sure ST said something that implied the UK was one of the worst. If so maybe thats why not made a fuss about selling here. Got no money now anyway.