Srt Marine Systems Share Discussion Threads

[lavalmy] 18/7/2016 18:00

Dylan

I think in the header there is a post by Kinbasket which talks about competitors.

The basic point is that for retail products most have SRT inside, a fact that the brand owners are not keen for their customers to discover. SRT have their own brand emTrack, which has completely different distribution, although a branded 'SRT inside' product may well sit next to an emTrack one in a particular shop.

In the Class A segment, there is more competition though some of those also have SRT inside. SRT hope to convert Furuno to this model with their new Class A.

For the really big stuff, if you try googling AIS and Indonesia for example, you come up with sod all.

[dylanl2] 18/7/2016 12:34

Very minor point but if you do a google search for AIS and associated terms we don't appear very high up the list - is this something that ST has been asked about before?

[crazycoops] 18/7/2016 11:04

I agree yump - it seems that the low £ puts us in danger of selling off our crown jewels. I suspect ARM is only the first. Whether SRT becomes a target remains to be seen. Personally, I would hope that they don't for quite a while yet.

[yumyum] 18/7/2016 10:08

£24 billion takeover of UK technology company announced today.

The target company has three letters...the middle one is 'R'.

Ah...I see it is ARM.

Anyway, good to know tech companies are in favour !

:-)

[crazycoops] 18/7/2016 09:57

A bit more on the South China Sea (although less amusing than owenski's link):

[owenski] 17/7/2016 10:40

A bit of background to some of the drivers for MDM installations.

[crazycoops] 16/7/2016 13:10

Whether SRT becomes a trader's share probably depends on the rate of growth. If they deliver one or two more deals like Indonesia, we've already seen that the small free float will probably mean the price shoots up which will inevitably bring in traders and volatility.Of course, those deals might not happen or they might come slower or smaller. That would likely mean more steady share price appreciation and therefore, less attractive to traders.I'm not sure about my preference. I'm here to make money, so both routes would be a winning scenario; one more pleasant and the other quicker gains.

[yump] 16/7/2016 12:51

Well, we'll see who is correct won't we. I would like the 50p area not to have any significance, but I've been around since well before the SRT float. I still have hair, but that is just a matter of genetics. I would like SRT not to be a trader's share.

Although I have this feeling that short-termism took over the AIM market years ago.

Over the years I've learnt that relying on what I would like to happen in the market is a recipe for disappointment.

Perhaps all the investors who never got the return they were hoping for from the float have gone already and the 50p level will mean nothing much to anyone.

[1madmarky] 16/7/2016 08:07

Thanks TP and alter ego.

[crazycoops] 15/7/2016 21:33

Do you think this is a trader's share yump? I don't, well not yet anyway, therefore I don't think charts are that relevant to SRT at the moment.

[trident5] 15/7/2016 21:12

Yump,
LazyJ belied his name and found out that it was 9 years ago. That's nearly a decade. There's only ten of those to a century. It was a long time ago.
It was just one year after the IMO laid out the spec for Class B's. It was when AIS was in the stone age. It was when I had hair atop my head for God's sake.

He also correctly answered my 2nd question.

[yump] 15/7/2016 20:37

trident5

(a) Look at a chart. (hint: you can do a custom time period to go back far enough to float, where you can see lots of action around 50p ish)
(b) Lots of people go by charts and ignore the business. Maybe foolish, but common. Especially where revenues, pbt etc. are an unknown and therefore valuation is tricky.

The thing that would make a big difference imo is a contract that puts some lump of revenue in short term, then it might shoot through that level, based on a firm valuation change.

[lazyj] 15/7/2016 19:57

t5
(i) Guy Fawkes night 2007.
(ii) Nothing
:-)

[trident5] 15/7/2016 19:30

Since when was the price previously around 50p?

And what bearing does that have on what will happen to the share price going forward?

[yump] 15/7/2016 18:01

So, so many people take note of charts and ignore the businesses they are invested in, that I would be very surprised if the 50 something price was broken through for some time - the historic chart shows a lot of turbulence around the area.

[crazycoops] 15/7/2016 17:55

All very well until they don't work out of course. Actually, I'm a fan of diversification but occasionally, I make big bets when I believe the risk-reward is heavily weighted in my favour. I'm also a fan of averaging up (rather than down) and running my winners. It is often difficult to get these things right in practice and therefore, I remain a student.

EDIT - Coops is fine though, my mates call me that anyway :-)

[philburt] 15/7/2016 17:48

Kalk - I agree. Isn't there something about that approach in The Black Swan?

[kalkanite] 15/7/2016 17:36

Crazycoops.....

Disclosure - SRT is now my largest holding

Charlie Munger.....

"Students learn corporate finance at business schools. They are taught that the whole secret is diversification. But the exact rule is the opposite. The 'know-nothing' investor should practice diversification, but it is crazy if you are an expert. The goal of investment is to find situations where it is safe not to diversify. If you only put 20% into the opportunity of a life-time, you are not being rational. Very seldom do we get to buy as much of any good idea as we would like to."

I'll just call you coops from now on :-)

[alter ego] 15/7/2016 15:09

and ST said we would eat it well before its best before date

[the prophet] 15/7/2016 14:52

ah, that one's already been dealt with....the jam does not have a 'sell by' date on it!

[1madmarky] 15/7/2016 14:48

What sort of shelf life does the jam have? Might give some guidance as to when other contracts are expected... :-)

[alter ego] 15/7/2016 13:24

FWIW, I think we are seeing the result of people beginning to realise that valuing SRT based on the rear view mirror is plainly misleading. Whilst the Indonesia contract underpins the next couple of years, it alone does not guarantee large revenues beyond that so clearly, it is the VSP which is attracting attention and changing minds given that Bahrain and Indonesia have already committed.

Sceptics and scoffers who wrote off SRT as a jam tomorrow stock will have to eat their words while we eat our jam.