Srt Marine Systems Share Discussion Threads

[countryman5] 06/3/2024 08:14

Cliffpeat.
A truly interesting article. If funding permits after 2024 SRT is clearly in the driving seat for some serious spend. Many of the words used sit firmly with SRT's abilities.

[countryman5] 05/3/2024 21:27

Amarine robotics company claims to have new scientific evidence in the search for the MH370 flight which disappeared in March 2014 while flying over South China Sea.

Ocean Infinity has submitted a proposal to the Malaysian government after announcing plans for a new search.

[pinkfoot2] 05/3/2024 14:42

Is last years budget not in this years budget?

[lavalmy] 05/3/2024 14:20

C5

Nothing is in the budget for this fiscal year apart from a World Bank funded project FishCoRe or something like that. SRT have claimed that a small part of that will be funnelled to them but I have seen no evidence of that.

If anything is rumbling at the BFAR, they will have to move reasonably quickly for anything to appear next year and, most importantly, the court ruling that it is unconstitutional will have to be overturned.

[pugugly] 05/3/2024 14:10

The cost benefit opportunity is out there to reduce the losses from fish piracy and drug - weapons - smuggling.

[countryman5] 05/3/2024 13:20

LAV. Well done with your research.
I have written to Sofia, but it is unlikely that she will research SRT.
I understand that there could be a mega BFAR contract forthcoming.
Are you aware of any budget figures?

[pinkfoot2] 05/3/2024 09:54

Sadly tracking and enforcement seem to be unconnected in the U.K. and elsewhere

[lavalmy] 05/3/2024 09:23

It is about time the government started using the system they have bought.

[pinkfoot2] 01/3/2024 11:59

Basically CM SRT needs to be in a bigger parent

But that’s for another day-we await the year end with trepidation

[eagle eye] 01/3/2024 10:05

In an investors eyes, SRT's biggest problem is delivering on forecasts and generate cash flow.
Operationally behind the scenes I think things are shaping up pretty well.
The business model is the problem and management have little control over that.

[countryman5] 01/3/2024 08:37

I suspect that the biggest problem for SRT is finding the right people to drive this fast growing company. Following the recent fundraising, cash is no longer a problem. We know that there are two contracts which are ready to go. The initial kit is waiting in the UK. However, we need the final paperwork to be completed. The £145 Indonesia contract requires signing off by UKEF.It is coming to the year end and there must be doubt if everything will be over the line, with cash in the bank by the end of March. The year end is an arbitrary line in the sand, which in a way is irrelevant, but it is what the market looks at. If the year end was one month later the figures would truly be in the bag. As always the company does not define contract dates.
ST spends most of his time living out of a suitcase and the company desperately needs one, or possibly two people like him to drive the numerous contracts forward. How to find such people? They need gravitas in order to be taken seriously by the customers, but they must not be arrogant. They have to sell their soul to the company and be willing to fly anywhere at the drop of a hat. I suspect that the only way to find such people is a targeted head hunt. I also suspect that agencies are useless. I imagine that the best way would be an 'in house' head hunter being guided by Neil.
There are so many opportunities out there with countries recognising that they need a maritime system. ST will only visit a country if he believes that they are serious and this means that they know where the cash is coming from. Following the Indonesia contract which is being underwritten by UKEF, this source of funding would appear to be the way forward for many contracts. Obviously wealthy countries like Qatar and Kuwait have plenty of loot and other countries will get support from the World Bank, which will fund upto 50% of a contract. The World Bank is very important for fisheries contracts.
The contact person from SRT, who works with a Country has to gently educate about the merits of the SRT system. It is so important for the SRT person to build a personal relationship with the decision makers. They have to understand the ways and customs of the Country. The SRT person also has to find the very important in-Country partner. Nursing a potential contract forward will require numerous visits over a possible eighteen month period.
SRT is now very fortunate that every Country looking for a system knows about an existing successful SRT system, as a point of reference.
Where are these potential contracts coming from and what is their size?
We know that there are many countries in the M E and S E Asia, but I suspect that ST is also a visitor to countries in Africa and possibly S America. However, the World is truly SRT's oyster. Every Country which has a coastline and has access to finance will eventually need a system.
What size are the contracts? We know that one coastguard is planning a 1 $ billion contract, spread over 10 years. I suspect that many are in the $200 to $300 million contract size. If SRT achieves its 25% net profit, we could be talking of £50 million profit per contract.
Louise's side of the business probably services at least half of the company overheads. This has tremendous potential to grow as soon as DAS and Nexus orders start arriving.
which US President said 'You ain't seen nothing yet'

[lavalmy] 28/2/2024 11:33

It looks like a new division to do with web and app development. I don't think that they currently deliver anything via the web which seems to be the key aspect for these new recruits. They have some app usage with catch reporting etc, but that has been done already. And it is certainly nothing to do with online sales of Emtrak. Nexus or something for the retail market?

[yumyum] 28/2/2024 11:18

Indeed, Baynet. Let's hope for a huge expansion of employees, revenue and profits!,

[baynet] 28/2/2024 11:17

Yes YUMYUM true....let's hope not!

[yumyum] 28/2/2024 11:02

unless they replace good people who are leaving SRT.

[ih_403982] 28/2/2024 10:54

Four new vacancies posted since Tuesday ... all front and back end software development roles...nice to see

[hastings] 27/2/2024 07:36

Different business altogether

[pinkfoot2] 27/2/2024 07:32

Windward have an RNS out-are they a problem to SRT?Sensible answers please

[effortless cool] 23/2/2024 09:05

Or, more likely, just onward.

[yumyum] 23/2/2024 07:29

Thank you LaValmy. I agree contracts delay is mostly in the price. I am not sure when a listed company is obliged to give a profit warning. Good weekend all. Upward and onward.

[extrader] 22/2/2024 20:46

At the very least, it would be good to have some confirmation that UK export finance had signed off, even if other steps in the pre- and post-shipment process hadn't been completed.