Srt Marine Systems Share Discussion Threads

[the prophet] 26/1/2017 16:14

here it is, 12th April last year, TU:

Simon Tucker, CEO of SRT said: "With a 24% increase in revenue these are another solid set of figures. However, the most significant progress has been made in market development and sales opportunity conversion. As a result, we enter the new financial year with a GBP70 million forward contract order book, and a validated sales pipeline worth over GBP200 million, both of which are growing. We therefore expect an exciting year ahead."

[kalkanite] 26/1/2017 14:15

Hjb1

I think you are confusing matters here. Indonesia are already on the order book as £70m contracted sales. India are part of the £200m validated sales opportunity pipeline (VSOP)..... keep up :-)

[yump] 26/1/2017 12:00

Of course nobody in government has mentioned whether the consequences of (possibly) doing less business with the EU after Brexit and more business with India, the Far and Middle East, China etc. will lead to more cash-flow issues for UK businesses. As in they have a different 'payment culture'.

[hjb1] 26/1/2017 11:55

kalk, yes they say that about India too...seven years and still waiting! lol

[the prophet] 26/1/2017 10:40

I've got the jam in front of me here, there is no 'best before' date!

The bod certainly were confident at the AGM, but at this rate I'll be taking me pot of jam back with me to the next one or collecting another one to make a set!

But if there's one thing we have learnt it's that these things always take longer than we think, think of a time line, double it then double again and that might be close.
I would have hoped by now that we would have had multiple significant projects running, but we are reliant on Indonesia, least for now. Good news that saudi has kicked off and perhaps Bahrain will come in with that follow on.

The shares price remains buoyant in the face of not a lot of news over the last 6 months, clearly someone or person(s) are happy to buy all they can at these levels.

We still have 2 months left of this year for the significant deliverable to be delivered. I know the view that it doesn't really matter if it's this f/y or next. I don't really subscribe to that as I feel it is important for SRT to establish a track record of delivery to investors.
SRT is certainly not a 'leaky ship', so news could come at any time.
All the best to all onboard!

[kalkanite] 26/1/2017 10:39

Haha

Always ther to bring us down to Earth. While nothing is certain in life (apart from tax and death)it wouldn't be possible to invest in anything if we were that sceptical. I see no reason why the Indy contract wont go ahead, there is so much at stake in terms of security and economics.

[hjb1] 26/1/2017 10:29

trouble is, the Indo contract isn't a cert either, just like ALL the others they supposedly have on the books! I would take a look on the best before date on that jam if I were you.

[kalkanite] 26/1/2017 09:40

Some large sales being absorbed over the last few days, clearly someone is buying.

2017 year end is approaching fast and there are no deliverables announced as yet suggesting perhaps that we are going to under shoot this year’s forecast by some margin if it stays that way. However, I’m personally not too bothered about 2017 results, once these have been announced SRT will be looking to give guidance on 2019 figures and that is where the interest lies. As I see it we still have circa 13p EPS to come from the Indonesian contract, assuming that they are on track to fulfil this on time then one assumes that even on a cautious estimate forecasts for 2019 will be at least 5p giving the company plenty of upside from there.

I’ve still got my pot of SRT jam waiting to be opened.... .... The BOD were certainly brimming with confidence at the AGM giving the impression that signed contacts are imminent, however as discussed before on this thread governments are notoriously unpredictable given that so many departments have a vested interest in the terms of any negotiations/contracts.

Looking forward there is risk to the downside in the short term but once the 2019 guidance is given in June we should start to see some strong gains. In the mean time another announcement of a new contract would be very welcome.

[hjb1] 24/1/2017 14:24

Blimey, with all that's supposedly going on with the company it's mighty quiet! ..suffering from webcast withdrawal methinks.lol.

[philburt] 19/1/2017 15:35

Thanks from me too Lav😊

[yumyum] 19/1/2017 15:33

Thank you LaValmy.

[lavalmy] 19/1/2017 14:17

Not much of interest from eE's webcast and very few questions asked.

The main thing wrt to SRT is that eE see the small vessel market as their second growth opportunity after data sales to commercial customers. Also, they make a specific link between the new constellation and the service capability of the small vessel offering. I take that as the detection rate/number of transmissions received. The whole constellation should be operational by end 2018. SRT are unlikely to have large numbers of Class B's actually installed on boats before the new, game-changing, constellation is operating - Mabson reckons that when half or so is up and running, new business will result from the almost real-time coverage.

[the prophet] 18/1/2017 17:20

seems a recent development




TRIAXYS Wave Buoy Now Available with AIS Aid to Navigation
August 30, 2016

AXYS Technologies (AXYS) is pleased to announce the addition of AIS vessel tracking to our signature wave buoy series, TRIAXYS. The SRT Chronos Aid to Navigation (AtoN) AIS is an IALA and IEC compliant device that broadcasts buoy position and weather information to local vessel traffic.

This new feature both protects the buoy from collision by notifying vessels of its whereabouts and can also act as an additional telemetry method, providing data within radio range.

“This is the first time that a wave buoy has been equipped with AIS and confirms our strategy of continuous improvement for the TRIAXYS family of buoys,” says Graham Howe, AXYS Director of Sales. “We are excited to bring this development to the market as this will not only give our clients greater protection against vessel damage but also give them another telemetry option.”

The TRIAXYS AIS implementation supports both message 21 data, which displays buoy information and position data on the AIS channel of passing vessels, and message 8 data transmission.

The TRIAXYS Buoy is a precision instrument incorporating advanced technologies that make it an easy to use and reliable buoy for accurate measurement of directional waves and ocean currents in real time. Economical and rugged, the TRIAXYS Buoy can withstand the rigours associated with deployment and recovery operations. The TRIAXYS is the only 1m wave buoy on the market that can support an industry standard ADCP for water column current speed and direction profiling.

AIS is available on all TRIAXYS family buoys from 1st September 2016.



For further information contact AXYS at [e-mail].

[the prophet] 18/1/2017 17:07

I think you are right, ae, well spotted! Think your eyes must be better than mine, had to blow it up to see that reasonably clearly.

[alter ego] 18/1/2017 16:59

well spotted goodapple. Indeed I think you are correct about SRT's involvement. If you look closely at this brochure picture, (the one in the sea) I think you'll see the SRT AToN sitting on the top platform amongst a forest of anti-bird "sticks".

[hjb1] 18/1/2017 13:50

they spent years and years of time and effort on the AIS rule debacle, and left it, just more and more talk I'm afraid.

[goodapple] 18/1/2017 13:50

"January 18, 2017

AXYS Technologies Inc (AXYS) is pleased to announce that a WatchKeeper meteorological and oceanographic data buoy has been recently deployed approximately 60km offshore along the Northern coast of Poland in the Baltic Sea. This buoy, procured by polish developer Baltic Trade and Invest (BTI), will be used as part of their upcoming Environmental Impact and Assessment campaign in the Baltic Sea. This campaign will form part of the Environmental application for the offshore wind farm development "FEW Baltic II".

The WatchKeeper buoy is equipped to provide wind speed and direction, air temperature, relative humidity, barometric pressure, solar radiation, directional waves, current speed and direction, conductivity, and water temperature in near real-time via satellite telemetry. The buoy also uses a new AIS Aid to Navigation device, which broadcasts buoy position and weather information to local vessel traffic. This both protects the buoy from collision by notifying vessels of its location, and can also act as an additional telemetry method providing data within radio range."


Presume this "new AtoN" is from SRT. I remember reading somewhere that AXYS are a customer.

[hjb1] 17/1/2017 23:27

ha ha ! they will enforce it just like enforced the rule for AIS...NOT!!

[crystball] 16/1/2017 14:37

Thanks for posting that!

[the prophet] 13/1/2017 17:23

the figures were also in the year end/AGM presentation document:



page 21

VSP £200m

order book £70m

[lavalmy] 13/1/2017 17:06

To be very specific, in the last annual report the order book of £70 million is distinct from the VSP, which itself is described as growing despite some $50 million migrating from that pot to the order book.

Having said all that, both the order book and the pipeline are pretty moveable feasts., both in terms of when they will happen and what will be served.

[the prophet] 13/1/2017 16:44

ee, I can confirm re once it's announced it's no longer in the VSP. The VSP is then a rolling indicator of the relatively near term potential. I say 'near term' as in SRT 'near term', not next week!
From memory, that question was asked and answered at the agm.