Srt Marine Systems Share Discussion Threads

[obiterdicta] 13/4/2017 18:41

In summary all stockopaedia are concerned about are lumpy project work and big order is up to 80 million rather than 80 million. So not a very deep or insightful analysis. OD

[clitheroekid] 13/4/2017 18:21

As I can't access the Stockopedia website without going through the hassle of registration any chance you could copy and paste it?

[cervin1] 13/4/2017 15:20

Words of caution from Graham Neary.

[glennborthwick] 13/4/2017 14:27

thanks eagle eye

[fredfishcake] 13/4/2017 14:23

Good analysis from Kalkanite on S'pedia


Personally I look forward to the day when a dividend is introduced. Assuming all goes to plan this is a prime candidate for paying a small regular dividend with chunky specials out of excess profits.

[eagle eye] 13/4/2017 14:10

glennborthwick,
Previous forecast was £12m revenue with pre-tax £700K.
Today's update £11m revenue with pre-tax £1.2m.
The initiation note from FinnCap is likely to be released with final results on Wednesday 7th June.

[lfc4ever] 13/4/2017 13:04

this year could be the game changer. If the company finally breaks the habit of lots of good news but serially disappointing numbers, those option figures may well be in play. which would be nice.

[glennborthwick] 13/4/2017 12:52

any broker forecasts etc here

[yumyum] 13/4/2017 11:45

Many thanks Glenn. Much appreciated. I am better educated now. I think you will have a lot of fun researching AIS, marine domain awareness and SRT. The shares are tightly held so momentum can push the share price very quickly upwards. I am confidently expecting over £1 this year.

[glennborthwick] 13/4/2017 11:28

Not usually needs to be from distributable profits.
good ink

hxxp://www.companylawclub.co.uk/can-a-company-buy-its-own-shares

[yumyum] 13/4/2017 11:18

Question: When a company buys back its own shares can this be done at pretax profit level?

[glennborthwick] 13/4/2017 10:25

bought in here this morning in a small way. Need to do a load of back reading now to see if I should bung more money at it

[crystball] 13/4/2017 10:21

Today's trading update was reassuring. Good to have a date already for the AGM. I look forward to attending this year if my work schedule allows me.

[yumyum] 13/4/2017 10:17

...and the sooner the better....because the share price will no doubt keep on a rising trend.

[yumyum] 13/4/2017 10:09

I am looking forward to the company this year buying back some of their shares once the profits are rolling in.

[loobrush] 13/4/2017 10:07

Great News I especially like this bit

" we have also seen excellent progress with a number of our validated sales pipeline opportunities moving closer to contract and thus revenues and I look forward to updating the market in due course when they convert."
There is a lot to come here and I think that the start of 3 month updates is so they can announce these orders and also say how well they are doing.
Luckily I bought in at 31p however I see SRT easily going past last years high as the weeks pass-indeed could multibag depending on orders they get in. It will be interesting when the announce how much work is now in hand.

[parsons4] 13/4/2017 10:04

Great news the ongoing turnover and profits must be way ahead of the year just gone because of the contracts announced only !!! I am hanging on to this one.

[philburt] 13/4/2017 09:23

Like many, I remain cautiously optimistic for 2018/19 onwards. Hopeful that it will dovetail nicely with my 2020 retirement plans! lol
IMO, SRT are slowly becoming that rare beast, a reliable and undramatic AIM share!

[philjeans] 13/4/2017 09:20

Glad I've been such "a berk" all the way down; and still buying today.

Has the capability to be a multi bagger unless we're snapped up first.

[yump] 13/4/2017 09:13

From the 'excellent progress' comment it does look as if there might be a steady stream of buses arriving - lets hope we get jam in jars and not a jam at SRT dealing with everything.

Apologies for the above - couldn't help it.

[yumyum] 13/4/2017 09:11

I agree kalkanite. If 'excellent progress' translates shortly into one or more new projects under contract then there will three (or more) contracts running concurrently. That should put pretax profits for the year ending March 31 2018 at over £10m in my opinion. SRT share price looks seriously undervalued. It is below the radar still (should use satellite AIS!). I look forward eagerly to house broker finnCap's profit forecast.

[kalkanite] 13/4/2017 08:52

A positive update today. Nice to see the words “significantly ahead of market expectations“ albeit from a low profitability to what is to be expected over the next 2 years. Either gross margins or FX appears to have helped the PTP figure, it will be interesting to see which one it is. Also reassuring to see the following...

”During the year SRT has made significant progress across all our business segments, OEM & Module, em-trak, and Systems, delivering high quality products and solutions to customers across the world. Notably, in addition to those projects under contract and recently signed, we have also seen excellent progress with a number of our validated sales pipeline opportunities moving closer to contract.....”

The reintroduction of the webcasts will be very welcome and should allay any feelings that these have been stopped because SRT have something to hide.

Look forward to the update on 2nd May

[yumyum] 13/4/2017 08:28

May 2nd webcast should help towards that target.

[yumyum] 13/4/2017 08:18

Future looks good. Targets for the CEO to collect more share options are 75p and £1.25. Looks on the cards.