Srt Marine Systems Share Discussion Threads

[fft] 14/9/2016 11:42

So far, every mandate has come in well under expectations (on this BB anyway).Projects seem a lot better, but it is unclear without the ee absea model where recurring revenue comes from.Without a recognisable steady income stream it is very hard to value a company going forward. So far ais has not shown itself to be that large a revenue generator for srt.

[hjb1] 14/9/2016 11:39

it's 5/6 years now since Mr Tucker told us that there was a £400/500m addressable market and over 1million boats would need to be kitted out..so what's happened?
We heard all this talk back then, it just never seems to arrive..just saying! oh and over that period revenue is about 8/10% of what was being banded about back in 2010/11.
Any bets on another disappointing update in a couple of weeks, cos 400 identifiers won't cut it!

[yump] 14/9/2016 11:27

There's a difference between a massive market yet to spend and one that has already spent.

So the missing bit of information is actually what proportion of the market spend on products that SRT make, has actually been spent, that has not come SRT's way ?

[hjb1] 14/9/2016 10:29

diesel, I haven't the foggiest what you are on about!

[hjb1] 14/9/2016 10:13

the big problem for me is that SRT are supposed to be global leader in a massive global market yet barely turn over a paltry £10m.To me it's hardly a massive market is it?

[yump] 14/9/2016 09:08

Can anyone name a share where any rumour about a takeover by a specific company actually took place... ?

I mean unsubstantiated guess, not leaked rumour from insiders.

Or is the reality similar to my experience... that every takeover in every one of my shares that I have ever owned, has been from an unexpected source and where the takeover was itself unexpected...

Hopefully we can reserve the 'Google is interested' headlines for some ramped up rubbish not SRT.

[trident5] 14/9/2016 08:04

Apple to buy SRT!!!
Let the stupid ramping start.

[countryman5] 14/9/2016 07:48

The eventual buyer may not be a 'major global defense contractor' but there are several. Money is cheap and many small companies are now taken private by private equity groups which seem to be awash with cash looking for a home.

[dieseltaylor] 14/9/2016 07:44

Out of left-field what about mighty Apple. More money than they what to do with and hampered by patent wars why not branch into another money-spinning area. Vaguely humans and electronics already and being No1 in an expanding field for chump change might look like a good use.

Downsides might be Govt's will not want US involvement.

£2 times 128m shares is slightly over a quarter billion and Apple has £100+ billion.

[goodapple] 13/9/2016 23:24

Runners & Riders if indeed there's a takeover sometime in the future...I'd have BAe Systems, Airbus or Inmarsat.But what do I know?

[yumyum] 13/9/2016 21:51

Countyman, you perceive well.

What is unknown so far is how greedy and needy are the founding shareholders.

It was disappointing to me that the latest awards were at such weak share prices.

I view that mostly as their market naiveness. They do not know the value.

For an incomer it looks perfect. I do expect a takeover and I expect it to be above £2 a share.

If the VSP is bullsheesh...well then management is fired and shareholders move on.

I have confidence. One more decent contract and the brokers can give a new profit forecast.

For t-10 or more traders this is stupidly illiquid.

I sold none. I await the takeover.

[pldazzle] 13/9/2016 21:45

Country - Not wishing to rain on your parade, but in fairness, your argument does seem to start from the assumption that there is such an animal at all as a
"major global defense contractor wishing to enter the fast growing AIS market".
I'm not saying there isn't, but can you show that there is? Or that there's a better than (say) 50:50 chance that there is?

[countryman5] 13/9/2016 20:16

Any major global defense contractor wishing to enter the fast growing AIS market has two options:-
1. Create an AIS division within their company. In order to achieve a quantum leap they will need to poach leading personnel.(share options would have to be discarded by departing personnel). The company still runs the risk that heavy investment still leaves them in the slow lane compared with established players.
2. Buy an existing player, preferably one that is the world leader in AIS.

[the prophet] 13/9/2016 15:55

C5

My memory is a bit sketchy on this one, but as LaV has said, SRT are using a local agent in Malaysia. There was a bit of a rumpus on the board here when it was suggested that Weatherdock were lined up for the deal, based on something like a pic of a minister or naval bod pictured with what looked like or was a Weatherdock unit. The message back from SRT was that nothing had yet been decided and best to wait for the specification to come out. That would possibly indicate you are correct, if the spec is anything half decent Weatherdock won't get a sniff and the boys from MSN should be in pole position.
I guess it best not to count chickens, but SRT posting up pics of demo of Malaysian ports at the very least suggests some interest in that region.
Fingers crossed!

[countryman5] 13/9/2016 15:44

TP
Is this one of those situations where SRT has to tender via its agent / partner but the specification will be for the 'identifier' because there is no other comparable product on the market? SRT's preferred agent will probably get the contract but nevertheless it will be an 'open' contract process open to other third parties supplying SRT kit.
If the tender has been published, in theory it should be on the internet somewhere.

[dieseltaylor] 13/9/2016 13:57

The port on the big screen is Tanjung Pelepas Johore State and it is quite a close-up view. Looking from GE I can see 13 ships in port and one of the large container ships has seven cranes working on it. The turnaround time being hours not days.

As a demo of a real live working example very nice.

[the prophet] 13/9/2016 12:18

C5

Info I have is that there will be 40,000 vessels to be tracked.
I believe malaysia is this one on the AGM document

'Commencement of national vessel transceiver rollout expected. Awaiting publication of tender'
initial value: $2m
Total value: $40m

You could well be correct, could be a hint re the pic. Would not be too surprising given Indonesia's plans.

[countryman5] 13/9/2016 11:53

I guess we take this as a hint that Malaysia is soon going to happen substantively. Anybody know how big their fishing fleet (identifier market) is?

[lavalmy] 13/9/2016 10:02

Greenfinder are their partners down there.

[the prophet] 13/9/2016 09:53

Yes, its a new pic, looks good. SRT have supplied a couple of ports in Malaysia with GeoVS, from memory.

'GeoVS VTS on display in Malaysia'

[yumyum] 13/9/2016 07:24

www.softwarerad.com/gallery/

Is this a new pic but from an old conference/exhibition?

[lavalmy] 12/9/2016 17:15

TP

I still suspect a bit of hot money has been sloshing around. Also that there has been or is still a reasonably large, but not disclosable, holder sellling 25-50k lumps when they can.

[the prophet] 12/9/2016 17:00

LaV

Re 'not a contract', that is a very good point and I think a lot of people didn't realise that, perhaps a reason why the share went steadily north instead of one almighty jump.