Srt Marine Systems Share Discussion Threads

[trident5] 02/8/2016 10:11

Apologies - I misread that. Still twaddle.
LaValmy has gone mad!

[oldscallop] 02/8/2016 10:02

Post 3051 isn't terribly useful but the valuation figure at £1.3952 is correct -
"the company will be worth GBX 108.48M MORE" ie 108.48+69.54 = 178.02.

[trident5] 02/8/2016 09:53

SRTShare2

There are over 127m shares in issue. At 1.3952 (love the precision) the company would be worth £178, not £108m.

All that precision and technical guff and they're out by 65% on the most basic numbers. Complete twaddle.

[dieseltaylor] 02/8/2016 09:15

Computer generated garbage IMO. But like astrology comforting to believers.

To be boring I once found something similar generated on the rubber based index in the US which completely failed to address the fact that Bandag a primary component of that index was under a long-standing arrangement to be taken over by Bridgestone.

[srtshare2] 01/8/2016 21:00

The stock of Software Radio Technology Plc (LON:SRT) hit a new 52-week high and has GBX 139.52 target or 156.00% above today’s GBX 54.50 share price. The 5 months bullish chart indicates low risk for the GBX 69.54 million company. The 1-year high was reported on Aug, 1 by Barchart.com. If the GBX 139.52 price target is reached, the company will be worth GBX 108.48M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.40% or GBX 0.75 on August 1, hitting GBX 54.5. About 74,605 shares traded hands. Software Radio Technology Plc (LON:SRT) has risen 123.96% since December 29, 2015 and is uptrending. It has outperformed by 118.66% the S&P500.

[techno20] 31/7/2016 07:24

Time to get that MDA contract signed!.........

Saudi, Kuwait protest to UN over Iranian maritime attacks
July 28, 2016 at 12:35 pm | Published in: International Organisations, Kuwait, Middle East, News, Saudi Arabia, UN
UN Secretary General Ban Ki-MoonUN Secretary General Ban Ki-Moon
July 28, 2016 at 12:35 pm
78
SHARES
Saudi Arabia and Kuwait have presented a complaint before the United Nations over what they said were repeated transgressions and assaults committed by Iranian military boats, the Kuwait News Agency (KUNA) reported.

Saudi Arabia and Kuwait lodged a joint complaint to the UN Secretary-General Ban Ki-moon against the Iranian assaults over the waters of the divided submerged area in which Saudi Arabia and Kuwait have sovereign rights to explore and benefit from any natural resources.

The complaint included several cases of attacks by the Iranian boats warning that they could lead to clashes that threaten peace and security in the region.

According to the complaint, the governments of Saudi Arabia and Kuwait have repeatedly asked Iran to engage in negotiations to determine maritime delimitation to separate between the waters of the divided submerged area and the waters of Iran in accordance with the provisions of international law.

[napoleon 14th] 29/7/2016 18:13

Interesting, LaV. Obviously SRT is tantalisingly close to "proving up",
but like in footy, "tantalisingly close" isn't good enough until it's in the net.

I can't get the theme of security out of my head on SRT & fancy that as being the fastest route to success for them. The political backdrop is hard to ignore.

[owenski] 29/7/2016 18:06

LaValmy, that's a lot of skin in SRT, I hope you took two pots of jam home from the AGM, 'you're worth it' ;-)

[crazycoops] 29/7/2016 17:49

Thanks for the clarification LaValmy.

[lavalmy] 29/7/2016 17:02

Indeed hjb1

What the recurring revenue consists of is the big question.

We know about ABSEA, the potential has been done to death, no evidence as yet has emerged about pricing power or utility. OTOH, the new eE constellation will change all the existing paramaters and governments will be able to track their boats reliably.

What interests me at the moment is the potential of these MDM contracts to have significant recurring revenues apart from ABSEA. I can see all sorts of support, service and upgrade things that would be required. And a brief look at the AGM presentation suggests that many are looking at whole systems.

More prosaically, I was looking to add more today which would have breached the 3% limit. Not that the sofa money has showed up yet, but that I just want to get the TR1 out of the way. I only need 3 shares, but didn't want punters to get the idea that whoever was pushing prices up today was some new large purchaser. I will probably buy my three shares on a calm day, and then add on the dips.

You will know it is me, because the notification will be from the La Valmy Trust, and it would be too much of a coincidence!

[napoleon 14th] 29/7/2016 16:52

I've thought of Cohort (CHRT) as a good match.
Solid little defense company , making shrewed acquisitions,
& SRT would take it into new territory.
5 SRT @ 71p ea.. for 1 CHRT share @355p?

[hjb1] 29/7/2016 16:36

no takeover until recurring revenue comes along, that's the game changer imo.

[yumyum] 29/7/2016 15:46

2vdm, I am sure there will be a takeover. The major shareholders will want an exit. I agree we need to see how existing and future contracts pan out. I am in no rush. Don't worry, I bought a lot sub 20p.

[2vdm] 29/7/2016 15:17

Wow Yum Yum, be careful, I made that mistake years ago at 40p odd and had to sit on one tranche for until recently, even though overall my average is well down. I'm not sure how easy this will be to be taken over, as the directors/chairman/ all hold big stakes and it would have to be at hefty price. I think anyone wanting to buy SRT would wait to see how the current large contract pans out first.

[hjb1] 29/7/2016 13:10

Blackrock do...lol!

[yumyum] 29/7/2016 12:59

I doubt any institution even knows who SRT are. Volume is pitifully thin. There is no initial stake building by any insti !

I agree with ee, there are few sellers. I think most (of us) are waiting contract news. At that point there can be some nice profit taking. Myself I am waiting for the takeover, so not selling. Actually bought a few more today at 52.3. My first purchase above 50p.

[eagle eye] 29/7/2016 12:38

At 53-54.5p, Cenkos is 2p on the bid better than anyone else.
Its not just the 25K buys going through, Cenkos could also be filling an order.
I agree there doesn't appear to be much stock around.

[crazycoops] 29/7/2016 12:16

It looks to me like an Insti might be taking an (initial?) stake with these 25k blocks going through - seems to have started yesterday afternoon.

[2vdm] 29/7/2016 11:54

Well they certainly are after our stock. Up nearly 3p only 150K buys today.

[napoleon 14th] 28/7/2016 11:22

Russia & China planning combined naval exercises in the S. China sea...

Situation getting hotter, & what are the Ruskies doing getting involved in this?
I can't see any gain in it for them at all.
Should be a market for us in there.

SP-Wise, I'm quite happy for a week or so of consolidation first,
else the share price could be overstretched & snap back
to previous level (40p) on profit taking.

[hjb1] 27/7/2016 22:41

napoleon, I think a string of ME contracts would take this past £1...never mind consolidate it!

[napoleon 14th] 27/7/2016 22:10

buck - a string M E contracts would steady a consolidation at this level.
Also Far E in "China" sea; Indonesia, Philipines, Viet Nam etc...
Both hot spots.

[buck581] 27/7/2016 21:44

There’s a tender in Saudi Arabia which is now going to technical evaluation , they have a very big fleet of 82,000 fishing boats. This is not for all of those, itâ€T82;s a small fraction of that, they will trial it for 6 moths or so . We have a project that is already underway in Qatar, the first 500, then there are new projects in xxx? And Bahrain as well. So the Middle East has become a hot bed and the driver there is Yemen, Somalia and Iraq. If you take Saudi Arabia, they have a very long coast line, the radar shows lots of fishing boats , whose are they? Itâ€T82;s all about preserving stability and the porous borders in these places are the long coastal tracts. These projects are really moving quite quickly now and as one does it the other follow. I think we will see a lot of activity in the near term in the Middle East.
AGM 2014
Where is the Saudi contract ?
What went wrong ?

[eagle eye] 27/7/2016 19:58

joerich56, I'd be very careful being Sparticus. Its OK being a hero, but no point dying as one. The objective is to make a lot of money and live for ever LOL.

[joerich56] 27/7/2016 18:10

And me positive, long term holder currently showing 60% gain.
I AM SPARTICUS