Srt Marine Systems Share Discussion Threads

[countryman5] 25/8/2021 21:18

Metro Manila (CNN Philippines, August 25) — It is possible that the National Capital Region will hit 50% of its target vaccination by the end of August, according to Metropolitan Manila Development Authority chairperson Benhur Abalos.

[goodapple] 25/8/2021 19:16

...or simply the glossy Annual Report effect.

[pinkfoot2] 25/8/2021 19:11

Fundraise coming or contract announcement-take your pick.

[boadicea] 25/8/2021 17:40

Some confident buying this afternoon...
... and those 3 coincident trades at 15.33 as it very briefly touched 40.5 mid (but not for long enough to get spotted by advfn) look suspiciously like buys deliberately made to look like sells.

[pinkfoot2] 24/8/2021 12:37

The usual ‘rush’ before the AGM and year end.Real life isn’t like this

[lavalmy] 24/8/2021 11:53

Entirely possible, but I think it is unlikely.

[extrader] 24/8/2021 10:58

.."So four at least expected this financial year..."

Noted, thanks. But this aspiration is for FYE ie by March 2022, compared with
4 expected by the half-year Sept 2021.

I 'get' the issue of government bureaucracies and covid complications, but it's entirely possible, on this later update, that there won't be a single contract win pre AGM.

[lavalmy] 24/8/2021 10:44

The more recent take by SRT is in the prelims:

'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. The other three, worth £54m, likely some months later, thus being contracted during the latter half of the new financial year or early next year, and therefore depending on exact timing may not contribute meaningful revenues until the next financial year. I am also pleased to report that some other significant opportunities in our pipeline which are at an earlier stage in the sales development cycle, have recently materially progressed with the customers indicating a likely contracting timescale towards the end of 2022, although these timescales are likely to change.'

So four at least expected this financial year.

[pugugly] 24/8/2021 10:10

Extrader - You have pinpointed the main reason I am now watching and waiting to get back in again having got out some time ago - Could it be that Tucker is being used by the "expected opportunity countries" as a stalking horse to get better terms (brown paper envelopes) from others and having the wool well and truely pulled over his eyes?

[extrader] 24/8/2021 10:03

We have 5 weeks to the end of H1...and are hoping for one or more of the 6 'imminent' contracts to materialise.

This from the April update :

.."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 , a further one in Asia worth approximately £14 million at the beginning of the second half, with the other two Middle East contracts , with an aggregate value of approximately £40 million, to commence later in the second half..."

So it would seem that 4 months ago Tucker was expecting 4 contracts , not only signed but actually under way.

Down to the wire, again.

Ho hum.

[goodapple] 24/8/2021 09:31

A glossy copy of the Annual Report & Accounts should be winging its way to us now, and maybe that will help to sustain our optimism between now and the AGM.
Still hoping at least one contract signed before ST takes to the stage.

[lavalmy] 12/8/2021 17:30

Indeed Piedro

But I would expect a bit more support for those countries especially if there was corruption involved. The Chinese might argue that their loan contracts still stand (the US used to do this despite clear evidence of corruption). However, consider the locations - South America is pretty much Monroe Doctrine and West Africa EU influenced. China cannot project anything military in either region.

Overall, I think China or Xi have bitten off more than they can chew and that as a country they will get old before they get rich.

[piedro] 12/8/2021 16:48

I'm not so sure alter ego.

Perhaps for Europe, the US and Canada but for those countries of South America, Africa and elsewhere, the solution to having large foreign fishing fleets poaching their fish could perhaps be much more complicated considering the loans and investments they have received and continue to receive.

[alter ego] 12/8/2021 16:11

Well options are limited unless of course you don't mind starting world war 3. China has great military power so outright confrontation is probably unwise. My view is that China is less impregnable when it comes to trade and depends upon exporting goods for a large part of its economic growth. It cannot afford to back down publicly but perhaps there are diplomatic arguments tied to future trade which might hold sway longer term.

Elsewhere, knowing what taking place in one's territorial waters and protecting one's interests is more straightforward.

[pinkfoot2] 12/8/2021 15:58

When you have a nation building islands in the middle of the ocean to grab territory, and nobody does SFA about it, then it doesn’t take much to figure out ‘surveillance’ is a low priority.

Anyway, contracts imminent so let’s hope it’s real

[piedro] 12/8/2021 13:33

IMO, much of the problem is due to a general reluctance to offend the CPR which appears to be giving with one hand and taking with the other.

The South China Sea seems to be where the action is.

The U.S and China Tensions Rising Fast

[pinkfoot2] 12/8/2021 11:37

Kinbasket

I’m not trolling the board.The evidence of lack of appetite is the distinct and factual lack of urgency to sign contracts,any contracts, despite the VSP claims.What happened to the Middle East contract from 2017?Impaired but written off?

If it’s that bad out there and there is big demand, where is the pick up?Who is enforcing the rules of engagement when China and others basically ignore and do what they want, when they want?

[fredfishcake] 12/8/2021 10:17

Also, we've seen that the threat of a boycott on buying fish by the EU is a powerful incentive to install a process that at least keeps the EU happy.

[goodapple] 12/8/2021 10:03

There are a few countries in the world which most certainly do have an appetite to enforce laws on fishing. Iceland and Norway would be two good examples. Iceland in particular - since the days of the Cod War - has maintained healthy and lucrative fish stocks through strict management and enforcement.
Like climate change, the collapse of fishing stocks worldwide can no longer be ignored and the days of playing fast and loose are rapidly coming to an end.Boats of the Chinese deepwater fleet roam the planet and in/out of various EEZs. and will continue to do so until confronted by serious border enforcement.
The Philippines investment in MDM technology will no doubt be backed by investment in the capability to enforce - and they can be ruthless.
Meanwhile a casual look at MarineTraffic shows how many fishing vessels around the British coast are identified/tracked by AIS. There appears to be no impact on the ability of skippers to find and catch fish. I hear no uproar about its use. Even the fishing fraternity can see the value of stock husbandry.
Slow & secure is going to be a safer bet than fast & loose.

[kinbasket] 11/8/2021 20:14

"and again who will buy fishing data when there appears no appetite anywhere to enforce the law"

Firstly, it doesn't say fishing data in the previous post.

Secondly, I assume this is personal opinion or do you have a source for the above. i.e. that there is "no appetite anywhere to enforce the law" . No appetite anywhere. none. anywhere. none at all.

Take a day off from trolling the board.

[pinkfoot2] 11/8/2021 19:19

Or it could be yet more change to suggest progress.

I would have thought a contract win should come first-and again who will buy fishing data when there appears no appetite anywhere to enforce the law

[lavalmy] 11/8/2021 17:02

I see from my Linkedin that they are hiring a data scientist - 5 hours ago and they have 19 applicants already!

The admirable Louise is handling the case and says that the role entails, primus intra pari, 'research ideas and keep up to date with developments in the big data and transport industry' and the candidate sought should have 'experience of working with multiple stakeholders in taking a solution from an idea to gathering requirements and implementation'. So it sounds altogether a new departure, blue sky even, rather than anything project specific. So they must also feel rather comfortable with the working capital position.

Mr Tucker bought some shares in the open market recently, a thing I don't remember him doing previously. Instead, he has participated in at least two placings from memory at reduced prices, so possibly this is a signal that working capital is fine and, as YUMYUM suggested recently, that at least one of the contracts (and a cashflow positive one) is nigh. That, I would surmise, is the long awaited Saudi contract

[pinkfoot2] 10/8/2021 22:06

I still don’t get why a fisherman would willingly tell anyone where he is fishing-it defies logic.Sure you can try a formal mandate but does it actually mean anything when there is no follow through action by the authorities?

[lavalmy] 09/8/2021 14:17

I came across this article re the BFAR's IMEMS.



This bit caused me to think a bit:

'The IMEMS Project requires first, an installation of a VMS-100 Fisheries Monitoring Transceiver, a vessel tracking device usually deployed in large scale fisheries monitoring that uses a low-cost high intelligence dual satellite and terrestrial communication system.

Aside from the installation of a VMS-100 transceiver, an intelligent vessel ID plate with embedded Radio Frequency Identification (RFID) that is transmitted to the IMEMS system via fisherfolk’s mobile phones and port ERS.'

I had heard before that they would be covering a good many more vessels with the VMS 100 (about 90,000 was the figure bandied about) and I had also heard about RFID for all the other fishing vessels. However, I sought and received a bit of clarity on how this is supposed to work.

Firstly, it seems that all the fishing vessels will have one. Secondly, it works quite simply. A fisherman scans his RFID ID into his phone with the GeoVS Connect App when he sets off fishing. The phone then records the boat's movements. When he gets back, the information about where it has been is either downloaded via the cell phone network or downloaded in a kiosk running the GeoVS Connect Kiosk application. Clever, really.

It will mean that not all boats will be actively identifying themselves live. Accordingly, there will be many more unidentified vessels picked up by the RADAR and CCTV (and infrared wakes if they use that) and I suppose over a period the system will learn what to look out for as the data from the unidentified vessels using the RFID system gets downloaded. In any case, it will be some years before all the VMS 100's are installed and these RFID's. A ten year plan, all told.

Edit: I suppose I should add that whatever the speed of this roll-out, it should generate fairly steady annual revenues over a long period akin to recurring (particularly if there were a need to replace transceivers after ten years or so). I don't know how much they charge for these VMS 100 units, at a wild guess $500, so possibly US$5 million a year and a step-up each time for the satellite data. Even less of an idea about the RFID. The neighbours apparently are very interested as well, which has been mentioned here many a time.

[yumyum] 08/8/2021 22:26

yump, you can take a horse to water....

Some of these contracts will roll in rather soon I think.