Srt Marine Systems Share Discussion Threads

[countryman5] 29/7/2021 09:03

Extract from President Duerte's speech to the nation, 3 days ago:-'But we need to do more. With our partners, we continue scaling [up] our maritime domain awareness [and] defense capabilities. Yet, we will not close our doors on diplomacy and détente. Because that is how disputes are settled and never by force.'

[michaelmouse] 29/7/2021 07:52

Transceivers - "Looking forward, during the first quarter of the new year our transceivers business has exceeded our expected 10% annual growth target, with stronger demand for both DAS and vessel transceivers, which as of the date of this report seems likely to continue into the future, along with stable profit margins with good cash generation."

Systems - "based upon received information and activities we expect that four of these contracts worth approximately £71m over an average two year delivery period, should be under contract and delivering meaningful revenues within the new financial year."

[pinkfoot2] 29/7/2021 07:39

Not great-eating cash, look at the loans in the balance sheet.

[pugugly] 29/7/2021 07:29

Hope and expect - Where have we heard these words before!!! Year after year after year !!

The bulls will take as positive - The bears as confirmation of what they have been saying for years




Currently (imo) more ngative than positive - Need to SHOW US THE MONEY!!

[supernumerary] 28/7/2021 23:59

'Driver in training'

[extrader] 28/7/2021 23:42

Maybe one of those 4 buses is showing 'imminent arrival'...

[boadicea] 28/7/2021 19:54

+15% in the week leading up to results. Not sure why given past history!

[pinkfoot2] 28/7/2021 19:32

Spike in price usually heralds a cash raise with this lot-let’s hope not

[yump] 28/7/2021 16:44

I hope nobody with bipolar is invested here - its not exactly helpful.

[alter ego] 28/7/2021 14:02

something else to worry about - when satellites don't work

[robsy2] 28/7/2021 11:54

Price action looks positive.

[piedro] 28/7/2021 10:00

On trial ...

Philippine Coast Guard Gets Boost With Two New Patrol Vessels
... In recent weeks, the PCG and other regional coast guards have been carrying out anti-terrorism and anti-piracy exercises to tests its monitoring capabilities for search and rescue and law enforcement operations in the vast waters. ...

[goodapple] 27/7/2021 16:35

Just one bus would give us some confidence that others are on their way.

[lavalmy] 27/7/2021 12:46

The Middle East seems pretty much under control, but the press coming from Asia is bad. Quite how that reflects what is happening on the ground is anyone's guess. In the Philippines they found the time to inaugurate the Main Control Room regardless and I imagine that business goes on somehow elsewhere. Update on Thursday and curiously Finncap said in April that they would update forecasts in July with the interims - it almost seems that they were not expecting large contracts before then or they would update as they came in.

[bones] 27/7/2021 12:22

I guess the key phrase is:

“ …..and are now pending their contract processing upon relaxing of Covid restrictions and normalisation of the government's contracting procedures….“

If Covid (delta variant) is running riot still in the Middle East/Asia, that is presumably the “get out clause” for further delays?

[extrader] 27/7/2021 11:10

This was the 'state of play' reported April. We're now 4 months into H1.

.."In April 2020 we advised that of our pipeline of validated new system opportunities included three in the Middle East region worth approximately GBP75 million that were expected to commence within a few months. However, the unexpected length and frequency of Covid lockdowns has delayed these into the new financial year. During the year four new system opportunities in Asia worth approximately GBP50 million have developed more rapidly than expected and are now pending their contract processing upon relaxing of Covid restrictions and normalisation of the government's contracting procedures. 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 GBP71 million to commence during the first half, a further one in Asia worth approximately GBP14 million at the beginning of the second half, with the other two Middle East contracts , with an aggregate value of approximately GBP40 million, to commence later in the second half...."

4 x contracts 'expected' in the next 8 weeks ? That would make a fleet of buses...

Ho hum.

[extrader] 23/7/2021 16:07

The 50K buyer - if it is they - has just bought another tranche @ 33.0 when the 1413 bid / ask was 30.0-32.5.....

Let's hope that turns out to be an 'inspired' move.

[extrader] 23/7/2021 09:46

Thanks BarrieB

Audited results next week(which should include post balance sheet events and outlook) and AGM in 2 months....let's see which of the 6 'oven-ready' contracts wins the bake-off !

[barrieb] 23/7/2021 08:52

Hi Extrader

Well, most days 50k some days zero some days x2 or x3 depending on how the market is behaving. They are very careful to ensure purchases do not tick up the ask. So if we say an average of 50k/day for say 2.5 months is 2.75m so about half way but it could have been going on longer before I noticed it! Also not all 50ks will be this/these buyer/s but it is just too regular and consistent for it not to be a concerted effort to accumulate.

Yesterdays 50200 was not run of the mill so not sure what that was all about!

They really are/have been? making very good use of this uncertain negative effect waiting game.

Time may tell and all in my humble opinion.

[extrader] 23/7/2021 08:00

Interesting 50K theory.

A disclosable stake would be about 5 million shares/£ 1.5 million in purchases AIUI, do the volumes you've been seeing support that ?

[lavalmy] 22/7/2021 07:33

I would think so, Ed, as well as payment. Maybe not all the £5.7 million.

[edhaysler] 21/7/2021 22:33

New picture on the website of BFAR control room. Is this a main milestone?

[edhaysler] 21/7/2021 22:32

New picture on the website of BFAR control room. Is this a main milestone?

[pinkfoot2] 21/7/2021 17:01

Well that’s the 50k theory blown-for today anyway!

[barrieb] 20/7/2021 11:15

pinkfoot

That is exactly why I informed this board as there is more going on here than at first glance and it is the clever patient way it is being done. Just watch more closely and you will see!