Thank you AE |
 gaslight, yes you are missing the previous comments about this. To save you time this is the reply I got from SRT when I enquired. See post 15302
I received a prompt reply from Louise, copied below:
"Hi Robert thank you for your email. Yes, METS was indeed very successful. Unfortunately, what your fellow shareholders found was a development page for the X100 which is not yet live. This will be live in the coming weeks along with a carefully timed mass marketing campaign designed to build interest and further preorders before we start to ship product from our UK and EU warehouses in the first week of February. In the meantime, the website developers have corrected their error and there is now no mention of the X100 on the website.
Thank you for the information."
and shortly, followed up with a another message:
"Thank you Robert, I should mention if anyone is still seeing links to these pages it is probably because their browser has cached the pages and they will need to refresh to remedy.
Kind regards.
Louise Coates
Transceiver Sales Director
em-trak Marine Electronics" |
I still find it very odd that there is more information about Nexus/X100 on dealer websites around the world, than there is from Em-trak's own website ( where there is no information at all )
Some dealer sites provide the link to Em-trak's website which merely states 'page not available'
Am I missing something? |
What will broker's forecast state re expected profits ? And share price target. Maybe Countryman5 will be right and we shoot past 100p ! :-) |
It would be nice to hope that spiking of the share price has gone, as that has made sell/hold decisions difficult.
Perhaps there’s enough skepticism now to stop that until results actually appear.
There may still be a herd waiting in the background though. |
pyman
please repeat your last two posts......daily..... |
share price chart looks set to spring up... hope springs eternal... |
More fishers urge SC: Protect our rights, let us intervene in Mercidar case
JAN 10, 2025 5:14 PM PHT
'While this is a single case, its massive consequences affect 2.3 million municipal fisherfolk,' the petitioners say
MANILA, Philippines – More municipal fishers petitioned with the Supreme Court (SC) on Friday, January 10, that they be allowed to intervene in a case that allows big business to fish within municipal waters.
The petitioners are fisherfolk from Batangas, Quezon, Zamboanga, and Cavite. The SC still needs to approve their legal standing to intervene.
Once granted, the petitioners will be part of the ongoing litigation and have the chance to express their interests and assert their rights in court.
What are the fishers reacting to? On August 19, 2024, the High Court’s First Division affirmed a 2023 ruling of the Malabon Regional Trial Court (RTC) allowing the Mercidar Fishing Corporation to fish within the 15-kilometer municipal water zone. |
Kuwait Coast Guard modernizing fleet, introducing drones
December 26, 2024 09:47 p.m
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KUWAIT:
As part of its efforts to further secure Kuwait’s waters, the Coast Guard will soon integrate “maritime drones” into its fleet. These drones are set to begin operations during Ramadan in 2025 and will be active 24/7 for two years. Equipped with live-streaming cameras, warning systems, and tracking technology, the drones will significantly enhance the Coast Guard’s ability to monitor and safeguard Kuwait’s waters from potential security threats.
The radar system, which is expected to be fully operational within 16 months, aims to bolster efforts to protect Kuwait’s waters from illegal activities such as smuggling and unauthorized intrusions. The system will involve the construction of 12 new towers, complete with radar, cameras, communication devices, and new electronic navigation systems, marking a major advancement in the Coast Guard’s technological capabilities. Additionally, the project will include maintenance and training over the next 10 years, ensuring its long-term sustainability and effectiveness.
Something for the Saudi coastguard to be envious of! |
Sort of Extrader.
It was more progressing new projects with the PCG I was thinking. I assume that the BFAR IMEMS is finished and that no further phases will start for a long time if ever. There is no sign of progress there and many signs of the opposite. So who else might need a data centre that they would get from a marine surveillance company as opposed to a data centre specialist?
OTOH Malaysia may also be in the frame?
Answers next week. |
Ah!
I was thinking - naively/optimistically - of new countries, you were (rightly) more interested in actually progressing existing ones....;->
ATB |
Possibly the HR department is that linguistically aware.
The Filipino angle is of itself interesting and suggests that there is more to look forward to there, data centre wise. |
Malay covers 'bahasa', which would include Indonesia... but also Malaysia itself of course...and Brunei (small but wealthy, with lots of marine assets), which UK used to take care of.
IIRC
ATB |
They seem to be looking for a Senior Systems Engineer - Infrastructure and Network, which seems to be new, but might well be a repeat. It seems that they are planning on a matrix management system combining country experts and experts in particular aspects of projects for multiple deployments. No doubt much will be gleaned next week about how they intend to execute on their projects.
What struck me about this, apart from the requirement for travel 'sometimes with noticeably short notice', was that proficiency 'in other spoken languages such as Arabic, Filipino and Malay (would be) an advantage'. Interesting selection. |
Margins and profits are part of the story.I plan to be there! |
I'd rather hear on margins and profit and not more storys. |
Hopefully the CEO of Ocean Infinity will be at the AGM, in a few days time. Perhaps we will hear about O I's joint ventures in present and future system's contracts. I wonder who will be SRT's preferred aerial drone provider? Geovs is all about receiving numerous information feeds, 'slicing and dicing' and presenting alerts and response options to the control room operator. Simon likens a systems contract to Lego bricks. Countries start with a basic system and then keep adding 'bricks'. Those that can afford it will possibly want Geovs terminals on all of their boats, together with technology that has yet to hit the market. Geovs is the key for so many information feeds. |
Fascinating article in The Times about OI's search for MH370 |
Brokers note yes. Half year figures to Dec 31 2024 will come much later obviously. |
Half year figures and brokers note next week? |
Thanks LaV. Doesn't sound all that encouraging, does it - but in practice I guess we have only a binary choice, sell or hang in there. For better or worse, I'm going for the latter. I still think raising a judicious question at the AGM would be worthwhile. |
pldazzle
No doubt SRT has not the experience that their major competitors have in all this and I am sure that they (competitors) include clauses to cover cost inflation, delays etc. The only thing I have heard from SRT is that they put in a contingency in their pricing. Margins have not been as expected though, the Saudi first phase for one and the last bit of the BFAR contract which turned in a loss yet to be adequately explained.
But you must also think of the pre-contract phases which are also lengthy. In Indonesia, the contract with whom seems to have sparked your concerns, Bakamla first had to get a budget which was and is fixed at $180 million. Given that size relative to their regular budget (almost three times their annual), they must have had some convincing to do to get it. And that would surely include what they could get and why they needed it. So that specification feeds in to the $180 million. If I remember correctly, the project was in the Blue Book for a couple of years and the Green Book for a year or so before the contract was signed, so the broad parameters of what Bakamla thought it could get for $180 million were set five years or more ago and those were sold to their political masters. |
pldazzle
"there will always be a tendency for delays in implementing a contract to adversely affect the profit margins"
I agree with that. As for the rest, I don't know, so I'm not making any statements about the effect of inflation. |
The company has many posts to fill and agencies do not deliver. |
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