Srt Marine Systems Share Discussion Threads

[fredfishcake] 08/7/2021 11:37

YUMYUM - it should be even more exciting than that - from April's trading statement:

"As of this statement, based upon customer guidance, we expect three of the Asian opportunities and one of the Middle East opportunities, with an aggregate value of approximately £71 million to commence during the first half"

...so as Apr/May/Jun have come and gone, surely we should expect £71 million of contracts in the next three months?

[piedro] 07/7/2021 12:36

Another side of the story ...

THE CURIOUS CASE OF USS ROSS: U.S. WARSHIP APPEARS IN RUSSIAN TERRITORIAL WATERS, AND THEN VANISHES
The cyber command of the US Navy intervened in the work of the international automatic vessel identification system (AIS), creating a dangerous precedent, according to reports on December 4th.

[lavalmy] 07/7/2021 12:07

Thanks Piedro

I don't mean registering a fake MMSI. The AIS signal anyone receives includes the MMSI number, so it is not secret. Anyone could therefore duplicate it on another device. I gather that most commercial devices can only have their MMSI number changed by an authorised dealer once it has been put in. But a new device, costing a few hundred dollars for a Class-B, or a Russian one where they know the reset process would be easy to do.

Another point is that the fishing boat that was tracked from Mozambique to Indonesia and captured. That story specifically mentioned that a single MMSI number had been used on several vessels - obviously for a signal received by a coast station that wouldnot nomally be noticed. Only if all the global data was received by a system which had a duplicate recognition capability would that sort of thing be spotted. I am sure that SRT's GEOVS does that but their customers aren't tracking everything globally.

Your article doesn't say whether the US vessel was transmitting its true position at the same time as the other signal was being sent purportedly from Odessa. In port, I doubt that they had it on.

[piedro] 07/7/2021 10:34

LeValmy,

Sorry, I am completely ignorant of these electronic apps.

I do follow the shipping in certain parts of the world, (mainly Brasil), using marinetraffic.com. I have found cases of duplicate vessels but not yet with the same IMO and MMSI, (perhaps one with only the IMO and the other with only the MMSI), except where the name has changed. As with cars, the only true identification seems to be the Hull N°.

If it were so easy register a fake MMSI, I would have thought there would be lots of it happening; though as with some software licences, if turned off on one device it can be used on another.

[yumyum] 07/7/2021 09:31

£85m of projects to start in the next five months ? It is going to be an exciting time.

:-)

[lavalmy] 07/7/2021 08:25

Piedro

You probably know more about setting up an AIS than most on here. Would not the easiest thing to do be putting the Navy ship's MMSI number into an AIS device in Odessa and turning it on?

[pinkfoot2] 02/7/2021 13:14

I’m more concerned about the VSP and lack of RSVP

[yump] 02/7/2021 11:28

"one day Rodney..."

Will SRT take more years than only fools and horses... ?

[piedro] 01/7/2021 10:19

FWIW,

U.S. Funds Indonesian Maritime Training Center Near Strait of Malacca

[pinkfoot2] 28/6/2021 18:33

The problem is the receivables because they accumulate without converting to cash.The obvious one was 2017 which saw a load of revenue booked then impaired 3 years later.

The solution is simple-recognise revenue when you actually receive some cash, not a promise on the back of some shipped goods.I wouldn’t ship anything without some cash or meaningful deposit.

[lavalmy] 28/6/2021 17:37

LateralThinker

It all stems from a few years back when they had announced the Philippines contract to meet forecasts and were expecting it to be novated so that it would have been retrospectively valid and thought that would have been achieved by July. Unfortunately, because the contract had changed from being foreign funded to locally funded that could not be done and the whole tendering process started again. They had to back out the revenues and red faces resulted

But having started with the July reporting (and Septenber AGM), they saw the benefit from the auditing perspective in that receivables due as at 31 March were more likely to have been received by the end of July than say April. And so they continue in that rhythm.

The pre-tax results were issued in early April.

[lateralthinker] 28/6/2021 16:36

why final results at end of July? - 4 months to compile them for a microcap business is excessive....................

[bcfc22] 23/6/2021 01:09

No, there isn't one!!

[pinkfoot2] 22/6/2021 22:37

It seems all are hanging their hats on a Saudi deal-that bastion of good governance and civilisation.

Does anyone have a breakdown of the VSP?

[goodapple] 21/6/2021 14:06

Audited final results due to be published Thursday 29th July, presumably with some updated commentary on the imminence of contract news. Meanwhile the drip, drip of PI sales continues.
Seem to have been here before.

[extrader] 17/6/2021 17:12

I imagine any progress on SRT's Bahrain flagship project will be played down....and ditto re Saudi....

hxxps://www.msn.com/en-gb/news/uknews/fuelling-repression-outrage-after-boris-johnson-meets-bahraini-crown-prince/ar-AAL9rLc?ocid=msedgntp

Not helpful.

[pugugly] 15/6/2021 13:08

re 10841
No real comparison with SCE - Their customers/potential customers are private companies as is their main competitor who has a technically inferior product

SRT's potential contract customers are States with all the associated political baggage and apparent new significant technologies being developed (thinking of satellites and vision/radar from space)

[yump] 15/6/2021 12:44

Alter ego

Absolutely ;-)

Although if that collected the rampant herd, there would be that old decision of whether to sell if the share price got inflated.

[pinkfoot2] 13/6/2021 10:07

Can you let me know where I can get a ‘lend and pretend’ arrangement like that?

[lavalmy] 12/6/2021 10:28

They have rolled over £415k at 8% to 2024 and presumably have repaid £600k of the debt.

[pinkfoot2] 10/6/2021 14:30

Debt needs regular cashflow-that means contracts with long tails

[lavalmy] 10/6/2021 13:23

I don't think any of us would have been at a debt investors' presentation.

[pinkfoot2] 10/6/2021 10:29

If there was any positive news I’m sure we would here about it!