Srt Marine Systems Share Discussion Threads

[homeboy] 19/12/2021 11:12

government agencies will have other priorities wrt the latest variant, contract signings will not be top of their list, the fallout over this variant has only just started, just over 3 months to the end of this f.y..it just aint gonna happen, good job they've ramped up that debt facility, they'll be eating through that

[homeboy] 19/12/2021 11:02

this'll go another half year without any contract signed, debt pile creeping up

bit of a disastrous business model i'd say

[pinkfoot2] 13/12/2021 23:59

What nonsense CM.We still await a contract yet you are taking over the world.The interim numbers and balance sheet are enough to give you a cold shower.

Let’s see some jam first

[countryman5] 13/12/2021 20:43

The first Saudi contract will raise The SRT profile with the IMO, in a substantial way. I am expecting the Saudi Border Guard to bang the drum. There are at least a dozen global defence players who will know all about SRT and their unique offering. I suspect that some of them(and also private equity players) will have approached Mr T about a possible takeover. I imagine that he just smiles and tells them that the major shareholders are not sellers. On the other hand, a highly priced hostile bid might grab 25% of the equity. This could be a good investment, even at a multiple of today’s price. It would also provide a springboard for another attempt at a later date. Long term shareholders have waited a long time for the jam to arrive. Now we can sit back and enjoy the fun.

[countryman5] 12/12/2021 19:22

It would appear that Saudi is waking up to its Maritime Domain Awareness. The only surprise is that it has taken so long. One can understand why countries don't want US, Israeli or Chinese systems. Everybody would know that a backdoor would be incorporated. I wonder if some of the Saudi delegation went to MSN this week? More likely the SRT team would have been invited to the Saudi Embassy. My guess is that they are already planning major bolt-ons to their initial project. Now that the Saudis see themselves as being top dogs in the IMO, they will want to impress the rest of the World with their all singing and dancing (SRT) technology. I am also expecting the signing of the initial contract to be a high publicity media event. Will we see a photo of Mr T shaking hands with MBS?
The Philippines President is due to stand down next year and he is known to be fond of all things to do with the sea. Hopefully the Coastguard (PCG) will soon be getting its own SRT system and he will claim that as one of his achievements at his farewell ceremony.
I know that LAV appears to have the ability to find out government budgets. I am hoping that Indonesia might soon identify a budget for its first system. They walked away from a system a few years ago but they must soon be ready to push the button. All of these Countries in the Far East and Africa are frightened of China stealing their fish.

[countryman5] 12/12/2021 15:30

Saudi Maritime delegation in London .
Saudi Arabia has become a member of the United Nations International Maritime Organization (IMO) Council for 2022-2023 after member states voted in elections held in London, the official Saudi Press Agency (SPA) reported Friday.

IMO is a UN specialized agency whose mission is promoting safe, secure, environmentally sound, efficient and sustainable shipping through cooperation of the state members and has a regulatory authority and its resolutions are binding on all state members.

For the latest headlines, follow our Google News channel online or via the app.

“This membership is a culmination of the efforts of our wise leadership in the development of the maritime transportation sector and the various initiatives announced by Saudi Arabia’s Crown Prince Mohammed bin Salman to protect and maintain the maritime environment,” SPA cited the President of Saudi Arabia’s Transport General Authority Rumaih Mohammed al-Rumaih, as saying.

He added that this membership will allow Saudi Arabia to continue supporting IMO’s efforts and initiatives and contribute to the development of international laws and regulations that would develop global trade, transport and international shipping.

“Through its effective role in IMO, Saudi Arabia will achieve Vision 2030 and become one of the leading countries in maritime by consolidating its strong position,” SPA reported.

Al-Rumaih said that by 2030, the Kingdom will handle 41 million containers annually, facilitate the procedures of goods clearance and handling to be completed in less than two hours, develop the marine tourism sector in order to serve 19 million passengers annually through cruise ships and coastal transportation to benefit from Saudi Arabia’s strategic location as a center point between the East and West and a passing route for 13 percent of world trade through the Red Sea.

He added that 70 percent of the energy supplies that go through the Arabian Gulf, which in turn enhance the position of Saudi Arabia’s Navy, “which is ranked number 1 regionally and 20 globally in terms of tons load,” according to SPA.

[countryman5] 10/12/2021 20:27

Extract from Finn Cap note, 2/12/21:-
Although the large systems contracts are eye-catching and very profitable in the near term, investors
should appreciate they will be just the start of long-term engagements with each new customer. This
could last up to 20 years, with progressive phased additions to the MDA networks.
- It is critical for the MDA provider to win the initial contract for the data-hub and control
room(s). Once this has been selected and deployed, the customer will steadily augment the
system over time with additional contracts for sub-stations, monitoring towers, satellite data
feeds (etc.) to cover the areas to be monitored

[yumyum] 08/12/2021 15:13

yes, pinkfoot2 :-) - between now and March 21st 2022....

As our Chairman said but a few days ago:

''As we have previously reported there are four specific projects worth an aggregate of GBP71m which we know are at their final stage before contracting and, based upon explicit information provide to us by the customers in question, we are confident that these will be signed and started during the second half.''

[pinkfoot2] 08/12/2021 14:47

Could do with a contract RNS to cool things down😬

[philburt] 08/12/2021 14:24

Filters are such a blessing, eh Yump? 😁👍

[yump] 08/12/2021 12:57

I can't even be bothered to see what he's on about this time. Presumably its not a one-liner.

[babycheeky] 08/12/2021 12:46

Oh dear what one expects from an egoistic narcissist.

[yump] 08/12/2021 11:33

I think its worth warning people against drinking too much over the festive season, IF SRT announce a chunky contract this year. I shall certainly not drink more than a couple of bottles on the day ;-)

[yump] 08/12/2021 09:34

He will fill up the thread with words and third hand investment “advice”. Probably Followed me because he can’t engage properly with anyone on his own threads.

Completely missed the point that floating a loss-making startup is very different from a startup that becomes viable by hard graft and then floats.

Just for information, ART floated in 2005 with two contracts, established products and a revenue of about 1.2mln.

[yumyum] 08/12/2021 09:27

last para is unintelligible to me Bapodra.

[philburt] 08/12/2021 08:12

Another one for the Block list, I suspect…

[yump] 07/12/2021 17:58

Most of these startup floats that are loss making are only on the market because they can't get funding, except by tapping imaginative pi punters, of which there is always a new supply. No doubt they would say that sufficient funding was not available outside the market, but that's because most early investors want either a known payback or an 'out' - the 'out' being the float.

Occasionally, they have some serious developed technology with IP, that's been accomplished before float, but most don't. Hence a spike, then years of placings and perhaps, if its actually not just hype and words, they've actually got something commercial and competitive.

[yumyum] 07/12/2021 17:51

pinkfoot2, SRT will look well funded once those buses come in. There could be 6 within four months with VERY VERY rose tinted spectacles.