Srt Marine Systems Share Discussion Threads

[goodapple] 30/5/2021 15:55

From the BBC:
"A new national flagship is to be commissioned by the government in a bid to boost British trade and industry globally, the prime minister has said"
"The new vessel would be used to promote British interests around the world - including hosting trade fairs and diplomatic meetings - as the UK seeks to build links and boost exports following Brexit."
.....

I hope this prestigious new vessel will be equipped with the finest AIS transponder(s) and that SRT will make an early enquiry for inclusion at sales events when the flagship visits the maritime nations of the world.
The perfect platform to showcase this unique British company.

[fft] 30/5/2021 06:28

If there are a lot of preservatives in it, you need to be worried :-)

[alter ego] 29/5/2021 23:05

Can I put in a request for a Victoria sponge with lots of Jam.

[goodapple] 29/5/2021 10:46

More things to look forward to:

22 September AGM (and hopefully Open Day) and the cakes that go with it.
The cakes are very good and have been the nearest I have come to receiving a dividend in the last decade.

[countryman5] 29/5/2021 10:36

Things to look forward to:-
Recent Finncap update (They would have seen detailed paperwork). Three ME systems contracts, including Saudi ($50 million?) and four Asian opportunities, with a total of £125 million, spread over 2.5 years.
Covid has put the brakes on Indonesia and Vietnam, but the world is returning to spend.Philippines fisheries due for completion this year but do not underestimate revenue stream going forward. SRT buys in data from satellite and sells it on. I am sure that SRT will be fair but BFAR will have to pay. Likewise any upgrades will have to be with SRT. What a joyous relationship. Other system wins will provide similar ongoing revenue streams. The stockmarket will love this visibilty of earnings. They call it 'Gold bars'. A fast growing company, with the 'economic moat' of a globally unique product, will warrant a PE of 30.
Transceivers. Finncap predicts £10 million of T/O pa. I suspect that this is a serious under estimate. ATON's have been a slow burn but the opportunity is gigantic. The ATON has good margins. The digitisation of navigation plays towards the ATON. There are 100,000 of marker buoys around the world but only 2,000 have an AIS ATON. Look at the Suez canal. They need a host of ATON's to prevent a repeat of recent accident. ATON's will identify safe wind speeds and also record speed of ships. ATON's will identify future pollution spills. I am hoping for a Suez ATON contract!!!! The US is spending vast amounts on infrastructure. Inland waterways all need ATON's because these waterways are the arteries of trade.
SRT new transceiver business. Still under wraps.
I suspect that institutions, like PI's are waiting for contract news , before buying into SRT. Institutions need a minimum of £5 million to make an investment worthwhile. The good news for institutions is that when they decide to buy the share price will have rocketed and they will need to buy a lot less shares in order to invest their initial stake.!!

Happy days at last for the long term holders.

[pinkfoot2] 27/5/2021 18:00

Or the VSP-I would suggest currency movements will have impacted on the much vaunted, but still invisible visible

[lavalmy] 27/5/2021 15:46

It would be a bit more sensible to figure out your costs before signing a contract.

[pinkfoot2] 27/5/2021 15:22

Let’s worry about tariffs when we have a contract!

[lavalmy] 27/5/2021 15:11

There is talk of a trade deal nearing agreement between the UK and the GCC who are in a customs union. It is not being called a free trade agreement, however.

Things are as clear as mud in any case. E.g. the GCC customs union has an external tariff on most goods of 5%, but the US Bahrain FTA has zero tariffs on these. I think the customs union has won on which has precedence, so US goods do face the same tariffs as others. If that is correct, the UK will not gain any preferential access either.

[countryman5] 21/5/2021 12:16

South China Sea row: Beijing imposes 3-month fishing ban on Philippines to assert control
CHINA has imposed a three-month fishing ban in the northern part of the South China Sea in its latest attempt to stake its claim of the area over the Philippines.
By CLAIRE ANDERSON
PUBLISHED: 11:52, Thu, May 20, 2021 | UPDATED: 11:52, Thu, May 20, 2021

[supernumerary] 21/5/2021 11:25

LaValmy - thanks for the flattery, but well beyond my pay grade I'm afraid. I took and failed Physics O level, my excuse being that the master concerned left after a few weeks of the final year, probably a nervous breakdown, and his replacement was an utterly useless untrained new graduate who used to leave us alone to wreak havoc. My lack of interest in all things academic may also have played a small part I suppose.

But I could imagine using Doppler shift as you surmise, to detect the speed a vessel is moving towards or away from a satellite. Assuming you start with a known position, you can in theory tell how fast the vessel is moving, and then with the aid of multiple satellites triangulate a new position. Given a series of positions, you have a course, which can be compared with that given by GPS/AIS/whatever.

GPS does the same thing by comparing differences in signal arrival times, but however difficult that is, it's got to be much easier than trying to detect dynamic changes in the frequency of the incoming signal. GPS also has the advantage that it's performing the calculations from the target vehicle - I guess it would be an order of magnitude more difficult to do the reverse and track the target from the satellite.

Personally, I'd just look for an easier problem to solve. Speaking of which, I wonder when the next bus is arriving...

[alter ego] 20/5/2021 20:08

Your memory is better than mine La v. Watching paint dry is probably more my forte. Happy to leave the physics to the clever folk at SRT. In the absence of actual news, imagining what might be possible passes the time.

[lavalmy] 20/5/2021 17:50

AE

I was ejected from Physics for asking awkward questions and never even took the O Level. I think that what they were trying to see was the difference in speed between the actual RF signals received and what would be expected from the reported GPS location. It might not work for a discrepancy of of few yards but on a satellite footprint level of 5,000 km. SuperN would probably be able to figure it out. It was a very brief and passing comment in a webcast in the last couple of years, no earlier.

Back to watching the paint dry on these contracts.

[alter ego] 20/5/2021 17:13

Just for La V - A primer on the Doppler shift. Not sure what SRT would be observing but it could be the sound of the vessel or the wave movements it generates. I guess any radio waves (other than AIS which I assume might be turned off) would be measurable too. That's the limit of my very limited understanding of this.

[kinbasket] 20/5/2021 09:25

IIRC the reason we didn't proceed with the satellite idea was because lots of other companies were doing it. SRTs plan was to piggy back off those for the data. We buy in the data, aggregate it and sell it on at a profit to the end user. So our end users are paying "data subscriptions" to us but we are buying in a lot of the additional data, specifically the satellite data from people with the satellite network. This was always going to be the case if you don't have your own network. Geovis becomes the aggregation device for multiple data sources, AIS being the main one. Via ground station or satellite.

[alter ego] 20/5/2021 09:16

But SRT's USP is that the client owns the data not SRT. This gives clients the confidence to allow SRT to operate their systems. I doubt SRT would be interested in selling data they have gathered on behalf of a client to anyone else as it would destroy the trust the existing arrangement creates.

There's plenty of data sources out there. It's how it is used that creates a business proposition. SRT have spent years developing a very sophisticated set of analysis and display tools. Not easy for a relative newcomer to replicate.

[pinkfoot2] 20/5/2021 09:08

I tend to agree-but I doubt we will want to buy data.I would have thought we should be selling it

[alter ego] 20/5/2021 08:44

pinkfoot2. presume you are referring to SRT toying with the idea of owning their own satellites. That's just about collecting data. It's what you do with it once you have it that counts. In this case have Horizon got the equivalent of Geovs to handle and display all the relevant things authorities need?

[pinkfoot2] 20/5/2021 08:34

I’m not so sure-we we’re going this route a while ago?

[kinbasket] 20/5/2021 07:25

Horizon looks more complimentary to me if anything. It looks like they will be collecting data and selling it to end users. So Govs, corps, etc are just buying data. SRT would probably be a customer with the data being integrated if the end user requires it. It's all good for the MDA market IMHO which is good for SRT.

[pinkfoot2] 19/5/2021 21:58

Just picked up this-is this competition?

hxxp://www.privateequitywire.co.uk/2021/05/19/300535/maven-capital-partners-leads-investment-horizon-technologies

[boadicea] 19/5/2021 13:24

pinkfoot -"it’s very difficult to jump for fear of missing out!"

I know the feeling! However, it's been a safe bet (so far) that after every spike up there will be a trough ... and that another spike will follow.

I don't generally trade shares but, by regularly re-weighting my holding to a specific %age on the spikes and troughs, it has netted me a notional £41k over many years (calculated at current sp) and the consequent net cost of my holding is a whisker under 10p/share.

One day I hope (for all our sakes) that we will hold a rise that subsequently goes exponential and doesn't give the chance of cheap refill! That could become the first reweighting that I had reason to regret!

[lavalmy] 09/5/2021 17:38

And it raised £4 million at 35p on admission.

No pain, no gain I suppose.