Srt Marine Systems Share Discussion Threads

[yump] 08/3/2024 08:17

I see Mr Gloom has appeared as he does on loads of stocks, except the ones he’s pumping. (Not you pugugly)

[pugugly] 08/3/2024 08:15

Still over valued (imo) Can kicked down the street - "whilst waiting for the relevant government agencies in three countries to complete their required processes"

Degree of certainty??

[yump] 08/3/2024 08:15

I don’t understand why a few folk here are invested. You’ve known about the risks and the opportunities for ages and yet you’re still here complaining about them.

[owenski] 08/3/2024 08:13

This is the definition of gerrymandering.

Jam tomorrow + 3 months.

[goodapple] 08/3/2024 07:49

Awaiting a morning note from Cavendish to see what gloss they put on this.
The 'new' H1 which ends in December will include first revenue from Nexus.

[pinkfoot2] 08/3/2024 07:46

Basically CM, they changed their year end due to a big warning looming.I understand the rationale but it’s still a warning-otherwise what’s the point of having year ends to measure performance and allow creditors and customers a view

[countryman5] 08/3/2024 07:43

The RNS gives a detailed explanation, without naming the country where SRT will soon be tendering for 'substantial new contracts'. I think followers of the company will recognise the country concerned. These are substantial contracts, and we know of one country which is planning a $1 billion coastguard contract split over 10 years and a next stage fisheries contract, which might be supported by the World Bank, Obviously being excluded from contracts in a country where SRT has acquired a good relationship would be more than unfortunate.
In about 130 days we will know the newly extended year end figures. The RNS mentions'relevant government agencies in three countries'. We know that two are the £145 Indonesia contract which is awaiting UKEF sign off and also a M E country where stage one has been completed. The delivery milestones on these two contracts were required to achieve the £70 million turnover.A vast amount of kit is waiting at HQ to allow the speedy delivery of these first milestones.I suspect that the third country is the long awaited next stage with Bahrain. There is nothing in the forecast for DAS sales.
How will the share price react to this RNS?
There might be some sellers, even at this very depressed price.. Other investors might look over the horizon to events at the beginning of July.
As always the market likes news of the commencement of contracts.
The NOMAD, and possibly the London Stock Exchange would have needed sight of detailed correspondence to authorise the change of year end..

[amt] 08/3/2024 07:12

I had to laugh at this, what will they think of next

[pinkfoot2] 08/3/2024 07:11

Well I didn’t see that one coming-and I’ve never seen it before on the grounds stated.

Ah those pesky year ends that allow you to count

[joe say] 08/3/2024 07:10

Zipstuck - was just about to post the exact same line!!! - when I noticed your post

[zipstuck] 08/3/2024 07:07

Normal BS followed by

For the new 15 month period ending 30 June 2024, we prudently maintain our revenue expectations that we previously had for the 12 months that would have ended on 31 March 2024.

[lavalmy] 08/3/2024 07:06

Rather clever.

[alter ego] 07/3/2024 15:04

thx colliera. I expect we will hear more about this technology and how SRT might be affected given OI's involvement.

[colliera] 07/3/2024 14:06

Nice short piece on Ocean Infinity on the BBC lunchtime news too iPlayer BBC news at 1, and it's at 27:10

[lavalmy] 07/3/2024 08:47

Cliff

I think it has more to do with the frequencies that are already reserved for AIS globally - the other marine channels do not have that compulsion and can be used by each country as they wish. Given that ships go from A to B via lots of others, an existing global system would be the place to start.

[cliffpeat] 07/3/2024 08:43

@alterego & @goodapple

How important might "smart" buoys be to autonomous marine traffic? And are SRT's products a viable starting point?

Or will new innovators applying "new" technology leap-frog SRT?

[goodapple] 07/3/2024 08:20

Looking likely that search for MH370 will resume with OI on a no-win, no-fee basis.

[alter ego] 07/3/2024 08:03

OI mentioned in this article about robotic ships. ST has mentioned the role of AIS in relation to this technology a number of times, IIRC.



OI also mentioned in a program on TV last night about the search for MH 370 airliner.

[pinkfoot2] 07/3/2024 07:10

I don’t think there is an SRT without ST-that’s the point.

[yumyum] 06/3/2024 22:02

Sadly this does not look like an honest company with regards to money. Look at the history. It is quite long....so take your time.

Fire the CEO, or the FD, or both ? I recommend both should be moved off the board. They would perhaps perform better and more comfortably.

There are lots of good things fortunately with SRT, but money is not one of them so far.

We could positively have LaValmy's quite a while ago take - huge miss (again...) means next year will look even better. Awesome even.

Long-repeated Saudi contract dollar amount looks almost dishonest in hindsight, whilst the Indonesian contract is now almost a year old and apparently still crossing i s and t s. Right.

I am still positive about SRT, but I do not trust the CEO to tell the whole truth, nor the FD. Just a personal opinion.

[pinkfoot2] 06/3/2024 16:54

CM

If the company has no control over ‘paterwork and timing issues’ as you state,then it makes the forecasts put out to the market completely irrelevant.It also flies in the face of the RNS in March 23 which said revenues would be sliding into the following year.

In my experience, forecasts should be achievable, not fanciful

I’m still hopeful they will meet the numbers to be honest

As for cash, would like to see how much if any of the raise was used to pay down the debt in the balance sheet

[piedro] 06/3/2024 14:36

Does anyone know anything about the "SeaVision" platform?

I came across this article:
Planet Labs Secures Major U.S. Navy Contract for Advanced Maritime Monitoring


I started to sign up for...


... but might be arrested.

[countryman5] 06/3/2024 13:43

The share price has drifted back to half of where it was in June. The market is now anticipating that the company will not hit its year end figures. Although March 31st is just a line in the sand, it provides a headline figure.The company knows that the contract signings are coming but it has no control over the paperwork and timing issues.Once there is recognition that the £70 million T/O and £7.3 million PBT will not be met, there will be a 'wringing of hands' but soon the market will focus on the half year figures. Contract signing timings will give an indication of milestone timings of the delivery of kit waiting at MSN. This is what underpins the £70 million.
However, the next milestones will be the follow on installation milestones which should also be in the half year figures. These figures might also include the DAS deliveries on one or two very large contracts. Hopefully Bahrain, Mark 2 will also be up and running. Markets invariably look forward and will price these shares accordingly. The market will also factor in that cash is no longer an issue here.

[supernumerary] 06/3/2024 10:38

Cliff - your post's asterisks put 'undersea detectors' out of scope, but this for instance:

'The discovery of Chinese-manufactured unmanned underwater drones collecting oceanographic data in Indonesian waters over the last few years has highlighted the large gaps in the country’s detection and monitoring capabilities'

makes me wonder if our friends at Ocean Infinity are involved. They'll certainly be interested.