Sorry yump, but if you really thought that, you wouldn't be here. Go and put another log on the fire, and open that second bottle... @¬)
Like me :¬) |
More importantly, a household debate - which way round should plates be put on the drainer for optimal drainage? Sloping concave side down or up? |
As far as I am aware, this time last year there was no mention of a Kuwait contract, and now there is a $213 million contract being delivered. Indonesia is still awaiting the final sign off after being announced in May 2023? This is not an easy work flow to manage. What countries are possibly in line for systems news? Countries with oil money have an advantage for an early start. Kuwait and Saudi have great potential for further near time spend, but there are also other M/E countries. Vietnam, Cambodia, Philippines (coast guard) Indonesia (fishing) Kenya, Tanzania and Mozambique are countries which will probably need help from the World bank or UKEF to allow them to have a SRT system. The reality is that there is an abundance of Countries which have a shoreline and need to know what is happening in their waters. It will be interesting to learn about the company headcount at the AGM and also to understand expansion plans. |
Just support and maintenance in that, super. With further contract upside from bells and whistles. |
That's nothing like enough to cope with the amount of change there'll be over that period - I'd expect to see another such contract every 2 or 3 years just to keep up with events. |
Thanks Lav |
owenski
The broker did say that $7 million is implementation, the other $2 million spread over the remaining eight years. (Sorry, edited). |
Probably need some broker commentary, revenue is vanity as they say, SRT might have a lot of big money contracts on the go, but it's the profit and cash flow that forms the basis of valuation projections, and so far, that part aint clear. |
at least it is signed now and in the bag - maybe front loaded ? |
Techno, I'm scratching my head a little, the original announcement (Nov.) had no time scale attached and maybe the assumption was it's a one to two year implement.
Today, it mentions a ten year period, $9m which is circa £7m spread over ten years????
Not surprising there's no reaction. Another question for the AGM. |
Bahrain implementation (gallery?) has commenced. |
Wasn’t expecting fireworks following this morning’s RNS, but also wasn’t expecting the share price to be in negative territory! Congrats to ST and the team for getting the contract over the line. Having been invested for what feels like a lifetime and topped up too many times to remember, I’m confident 2025 will be the year patience pays off. GLA and thanks to the regulars who keep the SRT BB one of the very few worth reading. |
Tanzania’s Fishing Industry
Every day, some 200,000 fishers set out to find their catch in Tanzania, off the coast of Indian Ocean and in the freshwaters of some of the biggest lakes in Africa that Tanzania shares with neighbouring countries – Lake Victoria, Lake Tanganyika and Lake Nyasa – and smaller water bodies, rivers and dams. An additional 4 million people work in related activities such as processing, trading, fish transporting, net making, and boat building.
A crucial source of livelihoods in Tanzania, small-scale fisheries also provide an affordable source of nutrition – they nourish 72 percent of the Tanzanian population. |
Another company in the maritime security sector is Anduril, where Peter Thiel has 10% and is valued at a mere $14 billion. One of its claims to fame is a pole which supports CCTV and radar, which it calls a 'Maritime Sentry tower'. I believe that the UK gov hires some of these to look out over the English Channel. No doubt they are aware of a Somerset company based in a tin hut with a humble market cap. At what price will Ocean Infinity be a seller? |
Re Windward, see Paul Scott's (non-subscriber) comments for possible read-across/compare-and-contrast :
.."FWIW my view on WNWD was that it sounded interesting, but was difficult to value, given that it was pre-profitability. WNWD floated on AIM in Dec 2021.
Shareholders are justified to moan that the upside is being whipped away just as the company seems to be taking off. However, nobody can complain about banking a 75% gain, as that means investors can recycle the enlarged investment into something else that’s cheap. Also as the deal is recommended by management with skin in the game, then it’s probably a fair deal - although sometimes loyalties are skewed by potentially greater management incentives once privately owned...."
Let's hope that Simon wants to earn his 350p (unrebased) options the hard way...and let's see how many WNWD investors decide to leverage their 'windfall' proceeds by recycling into a.n other company in the same sector.
GLA |
OK thanks - so it got shareholder approval.
But it has not happened yet? so we don't know at what price? |
This is a good BB - thanks for all the quality postings.
I had a question from the recent finals RNS 02/12/24.
I can't see that anybody is talking about it, but the most significant thing imo was:
Following the period end, we are in the process of finalising a significant financing transaction which includes an equity fund raise of £8.5m that will go for shareholder approval in early December.
And yet there has been no further mention, no shareholder approval, no fund raise.
At £105m mcap an £8.5m fund raise is a ~8% issue.
Anybody think it strange nothing mentioned since? Do people expect it to be on reasonable terms? Or do you think the lack of news suggests another route being pursued? |
 The Boards of Windward Ltd. ("Windward" and, together with its subsidiaries, the "Windward Group") and Octopus UK Bidco Limited ("Bidco"), a wholly-owned subsidiary of FTV VIII, L.P. ("Fund") and its affiliates (together with Fund, the "Fund Group"), are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Bidco of the entire issued and to be issued ordinary share capital of Windward (the "Acquisition").
Terms of the Acquisition
Under the terms of the Acquisition, Windward Shareholders will be entitled to receive:
215 pence per Windward Share (the "Offer Price") in cash.
The Acquisition values the entire issued and to be issued ordinary share capital of Windward at approximately £216 million on a fully diluted basis.
The Offer Price represents a premium of approximately:
· 47% to the Closing Price per Windward Share of 146 pence on the Latest Practicable Date;
· 92% to the six-month volume weighted average Closing Price per Windward Share of 112 pence (being the volume weighted average Closing Price for the six-month period ended on the Latest Practicable Date);
· 97% to the twelve-month volume weighted average Closing Price per Windward Share of 109 pence (being the volume weighted average Closing Price for the twelve-month period ended on the Latest Practicable Date); and
· 39% to the IPO price of 155 pence (being the placing price per Windward Share at the time of the IPO on 6 December 2021). |
WNWD takeover. Huge premium. |
Second week in January should see results for half year ending this December. These should show initial revenue from Kuwait. Indonesia will not start until RNS, but early milestone of payment for site surveys should be the first payment, followed by delivery of high margin control centre(s). |
There’s also the possibility that because of the rarity of any AIM stocks actually having a quality product expanding fast, plus many running into problems in the last couple of years, there might be a concentration of money looking for decent stocks. Hopefully the days of hyped rubbish on AIM may have decreased a lot.
I don’t count SRT as that sort of hype as it never had a crowd of numpties posting. |
cardinal3
Jam could very well be tomorow if the recent photos indicate that the Indonesian project has started. Revenue and cash from that have been discussed here before.
The problem I see with the wait and see approach (one which would have served me well as I have waited and seen nothing for 10 years or so as a shareholder) is that the share price may well rise from 40p to 80p before there is anything published about revenues and cash. A broker's note will not move the dial given the frequent colossal misses of forecasts, so can be ignored.
The question then is what value you might see above 80p. Will it get to 150p? £2? Over what timescale? I suspect that it will do nothing much for a while after that initial rise until the business has shown that it is a reliable performer. So you could end up becoming a shareholder at 80p and have to wait, hopefully for less time, for some more significant action. |
Jam tomorrow seems to be the story. It's a business with great potential in theory but I'd like to see real revenue- and cash- progress before I take the plunge. Any business involving governments takes an age to finalise (our own is as bad as any eg Rolls Royce and SMRs)so I don't feel in a rush and don't mind missing out on any early price movements. The AGM might provide a decent clue. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
