Srt Marine Systems Share Discussion Threads

[yumyum] 24/6/2017 00:08

awesome posts from jamiemp....this just highlights what a good space SRT are in !

And how ignorant are many people, and the stockmarket investors. The marine space is unknown.

SRT under the radar, massive share price growth, and massive growth to come.

Well done Jamie ! Thank you.

ps: now you are a bit more focused you cannot help yourself but buy a few shares in an amazing growth story...in an area that you also know a bit about. Think 50p and see how it tastes next year. I genuinely look forward to any of your informative posts. Informative...

[jamiemp] 23/6/2017 23:58

No. Definitely the first time I've ventured into this corner of ADVFN. I am sure I would have remembered it. I look forward to checking in occasionally from now on though.

Good luck all holders and good weekend.

[philburt] 23/6/2017 23:50

Jamiemp? - is this just a familiar old troll sat under a different bridge? Rofl

[tkb123] 23/6/2017 23:20

Thanks for the responses to my post #5212 and good to hear from some of the trusted regulars on this board. I am reassured.

[astralvision] 23/6/2017 22:46

You've lost me. Time to move on.

[jamiemp] 23/6/2017 22:42

Not to your tastes perhaps. Maybe your SRC profits will buy you a trip to Fire Island.

[jamiemp] 23/6/2017 21:47

Spearmint Rhino.

[astralvision] 23/6/2017 21:25

Thanks Jamie, I will sell out on Monday. By the way, don't think I ever said the t/o would go from £11m to £270m.The £270m figure is projects under negotiation, not a yearly t/o figure.All by the by as no point hanging on in here with a no hoper.Any good ideas as to where to put my hard earnt? TIA.

[jamiemp] 23/6/2017 20:50

astralvision you are right that that is where the potential is.

The potential market is huge. Its always huge. But I've attended countless forums and discussions and strategic meetings and supplier pitches and sales pitches on fuel consumption back when it was over 100 dollars a barrel and strangling shipping. Same on piracy. Insurance loss prevention. Whatever the industry buzz is over the years. People are getting hot and heavy about autonomous ships now. In fact they've signed the first charter.

No-one goes global with these fantastic ideas in what is an extremely complex market. There is not one consolidated area in the marine industry.

Its Chinatown chaps.

[jamiemp] 23/6/2017 20:41

Sorry, I've got it now: they'll take it from 11m t/o to 270m.

Right.

In the meantime, they are forecasting PBT 3.4 M by 2019 against a current market cap of 62m. Only a matter of time until they capitalize on the rest of what they believe is a 26 B market.

Bizarrely Finncap highlight this as yet another positive:

QUOTE
Canadian company McDonald Dettwiler & Associates is seeking to combine both radar and imaging satellites to track ‘dark ships’ (vessels required to broadcast AIS signals but not doing so). This is a significant problem in some areas; an analysis of Mediterranean traffic revealed more than 50% of vessels were dark targets and similar problems exist in Southeast Asia.
UNQUOTE

I've got this now too: once another company has the technology to track ships without AIS. We'll call them up and ask them to put an SRC AIS unit on. OK. I see the potential here.

Leaving aside the market and my perception of it and going back to the financials. There is something obviously wrong with the numbers here.

[astralvision] 23/6/2017 20:28

Last comment for now, it is important to understand that SRT are no longer a 'box shifter'. Yes, they can supply transponders and will continue to do so.But increasingly SRT are a systems provider, with all that that entails, gluing all the bits together, data management, GeoVs software control, visual displays etc.The technology AIS is almost incidental in all of this, it just happens to be the cheapest and most effective way to achieve the desired end result.

[supernumerary] 23/6/2017 20:27

OK, so you don't know anything much about the product, or the competitors. At least we agree on something ;¬) It's really AIS you you think is a dead end. Fair enough, but given that we also agree there's a need to track even quite small boats, what will take its place? And who will supply it, if not SRT?

Sounds like you're delivering a yacht somewhere. Nice work if you can get it, although it does (temporarily) leave you with time on your hands...

[astralvision] 23/6/2017 20:17

Thanks Jamiemp.Could someone please give Mr Tucker a shout and tell him that the 'multi billion MDA market' , '£270m of 'new projects under negotiation' and a contracted £77m order book must all be a work of fiction.Surprised SRT could muster any kind of t/o let alone £11m last year given they've all been fitted.Great to have a real expert 'on board ' here.

[jamiemp] 23/6/2017 20:12

supernumerary, sorry I'm not saying someone has a more advanced AIS interface. I'm saying I think that is a dead end product. There are many, many competitors that produce the same thing. Are they all inferior? No idea. Will it stop people buying it? I doubt it.

There are a thousand different GMDSS, GPS, EPIRB, SART manufacturers. You will generally find the cheapest local product on a vessel.


Currently I have the privilege of being a partner of a very lucrative and tragically short project. Delivering a very specialized Marine asset to a high profile client. Before that I've worked in every part of this horrible industry, with every type of flag state, port state, ship owner, manager, charterer, financial institution, supplier and training facility there is. I've worked all over the world, been based in several different countries, and will no doubt end up somewhere horrible being courted by blue sky dreamers like SRT soon.

[trident5] 23/6/2017 20:08

Jamie - I'm not sure what your point is - all ships have been fitted with class As for some time, it's compulsory - there is no market size to go after there - just new ships and replacements.

The market to go for is: boats and class Bs and traffic control.

Everyone on here knows there is a reluctance by many of these boat owners to install class Bs and that radar provides the main competition. But security and fishing protection concerns are driving some governments to mandate class Bs to boats.

[goodapple] 23/6/2017 20:04

jamie - Have you seen or heard of GeoVS? Quite a novel piece of technology which is coal-fired I believe.

[jamiemp] 23/6/2017 19:56

trident5, you are ignoring the 26 million row boats SRT is marketing to. You will see most of them have not been used in many years hence AIS has passed them by.

I saw one on the wall of a nautical themed bar the other day. No AIS yet, so only a matter of time.

[supernumerary] 23/6/2017 19:55

jamie - thanks for giving us the benefit of your industry insight. For interest, and context, which bit of the industry are you in?

I'm sure we'd all like to know which of their competitors you would say are the most advanced, and how their products and solutions surpass those of SRT. Always interested in a well-made bear case...

[owenski] 23/6/2017 19:55

SRT is using WW1 technology??? That's a relief, for a moment I thought they might still be using steam powered circuit boards. ;-)

[trident5] 23/6/2017 19:50

Er, all the ships already have AIS and have had them for years.

[jamiemp] 23/6/2017 19:37

Both under 30 tons and under 30ft are boats as opposed to merchant ships. Motorized means outboard motor. No engine.

This literally refers to old fashioned, wooden fishing "junks". They are certainly in Asia, indeed you could almost walk across the ocean on them in parts. These vessels don't even have compasses (please don't argue those are cutting edge), let alone Radars or AIS units. Or any form of flag state registration or regulation.

It's a fantastic idea to mandate AIS for them, both for safety, as they're almost transparent to industry standard Radars - due to the size, construction material and proximity to sea level. And to address inefficient fishing around the globe.

However that will be at a price the poorest fisherman, in the poorest IMO member state can afford. And completely unenforceable. Or applied in projects like the Somali one today.

The under 30ft vessels in Europe are the row and outboard boats you see around seaside towns.

If these are SRC's target markets... good luck all holders.

[astralvision] 23/6/2017 18:32

seventh slide down

According to 'UN-FAO' there are:

'Estimated 26 million motorised vessels globally. Most (90%) leisure vessels are located in Europe and USA, of which 90% are below 30ft. Most commercial vessels are in Asia, of which largest segment are fishing boats, 90% of which are under 30 tons. '