Srt Marine Systems Share Discussion Threads

[goodapple] 14/11/2017 18:16

"New product launches, particularly Buoy-Tracker which enables small buoys such as fishing buoys to be electronically marked, have been received by the market with considerable interest; one opportunity alone in the UK could be worth over GBP1 million in revenue."
First time I have seen direct reference being made to this product. Bring it on.

[yump] 14/11/2017 17:24

Oops I missed that, sorry. Actually if I'd seen it probably would have topped up at the time, so cheaper to do it now ! I blame the daft impossible-to-read-easily formatting of all that RNS prose.

From now on I'm going to get the RNS's up, then use 'Find' on the browser to jump to any content with 'GBP' or 'mln' or 'project'. That seems to pick out the critical bits from the prose.

[astralvision] 14/11/2017 16:45

extruder, you are probably right, new chairman has a different phraseology.

yump, bypooh is correct , the £60m was also in the AGM presentation notes, page 16, that was dated 12th July.

[bypooh] 14/11/2017 16:34

Reasonably clear from the final results on 7th June:

'I am pleased to report that four projects located in the Middle East and Asia with an aggregate value of approximately £60 million appear to have made significant progress towards contract signing during the year, with several others also making key break throughs.'

Though, or course, it is over five months later.

[yump] 14/11/2017 16:18

The £60mln has never been mentioned before and they have not as far as I know said that they are busy with pending and actual project work. If you like to knit-pick, its only been 'pending' as far as I know.

I thought the £60mln was very helpful, because up until now the contracts that are close to being signed (however close you think that is or was), could have been £10mln or £200mln.

[countryman5] 14/11/2017 15:15

If non project was £2.9 million first half, double it for full year that equates £5.8 million. Mid east project as identified in AGM presentation would be $7.5 ((£5.5 million)

[obiterdicta] 14/11/2017 15:06

In April 2017 we had the following:

"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."

Since then 3 contracts but nothing chunky.

OD

[fft] 14/11/2017 14:30

Finncap are still going for 12m second half revenue so mgmt must be very confident they will land at least one of the deals and book sales from it into the accounts. It probably, like Indonesia, won't be a cash event as that will follow when invoiced which I can't see being in this FY. Wonder whether the finncap report has led to the share price recovery after early weakness.

[astralvision] 14/11/2017 13:36

Not sure I like the 'appear' word, new chairman hedging his bets?

[fft] 14/11/2017 13:15

And in the results it said "pleased to report that four projects located in the Middle East and Asia with an aggregate value of approximately GBP60 million appear to have made significant progress towards contract signing during the year, with several others also making key break throughs."So, Yump, nothing new !!

[fft] 14/11/2017 13:10

The 4 projects were announced a long time ago. I am sure I have read the word imminent about them in a trading update 6 months ago ! This isn't room 101. You can't rewrite history.

[effortless cool] 14/11/2017 13:09

I'm sticking with SRT for the time-being, although I do feel a bit like I'm a donkey following a carrot on a stick, always just out of reach.

[yump] 14/11/2017 13:04

Meanwhile, the only difference between a month ago and now, is that a number of projects nearing contract signing has appeared (4) and a value of £60mln over 1-3 years, once signed.

So from an objective point of view, there is an improvement, whether you believe in jam or not.

[yump] 14/11/2017 13:01

Thank you for your philanthropy. You can go now.

[orinocor] 14/11/2017 12:52

yump you sound like you were born yesterday. Just look at the numbers and ignore the jam. You are falling into the beginners trap of believing the management and the hype. These shares are a strong sell on every metric.

[astralvision] 14/11/2017 12:39

WCE
Personally I think it's a good thing these issues get into the public domain asap, some folks may not want a dodgy Class B or at least know what the issues are. The fact that this is being taken very seriously shows, imo, that SRT were absolutely right.
Fully agree with your last sentence.

[west country elvis] 14/11/2017 12:32

astral, I have no issue with SRT finding defects in competitors products or informing the relevant authorities. What I am unsure about is the course of action of making this public. Especially so quickly - the report was signed only last week - as the relevant authorities won't have had a chance to investigate and act. That doesn't do your reputation within an industry much good. I'm sure the authorities would have wanted to investigate thoroughly in their own time and could well be somewhat put-out by this publicity. Seems like a very aggressive and short term action that could easily backfire.

Interesting that AMEC claim the SRT products don't pass either. I find it hard to believe SRT would go down this route without being absolutely certain their own products are fully compliant.

[astralvision] 14/11/2017 12:17

Interesting post re the competition in the Panbo article. Seems the competition is not all it should be, oh dear. The suggestion that SRT should brush this under the carpet is laughable. This can be life or death equipment and if they have found a competitor's equipment is failing they are duty bound to bring it to the attention of the relevant authorities. Well done SRT.

[hjb1] 14/11/2017 12:02

the only thing that keeps people holding is the fact that at any time one or two of these contracts will appear and then it's off we go.If ever they start to overlap and some recurring revenue hits in decent numbers then all will be very good, .....but history tells us something different does it not?

[fft] 14/11/2017 11:59

Even If a contract or 2 of the 4 is signed in the next few months, I don't expect the price to take off until the nature of the contract and it's pricing structure becomes clear. Or, until cash actually hits the accounts. Indonesia will have made a lot of people cautious.Yes. There would be a rise in SP, but nowhere near as much as last time. Not until it is shown not to be another false dawn.

[crystball] 14/11/2017 11:54

I'm really not sure what to make of today's half year figures. Lots of thoughts running through my head. What I would like to know is whether any of the 4 projects that appear more 'imminent' are dependent on having SRT's satellites which we are told should be in place in the Spring of 2019? I am going to hibernate through the winter and see where we are next Spring. My gut feeling is that the share price will drift downwards in the absence of further news. I thought about selling my remaining stake in SRT and pursuing other opportunities, but need to remind myself that the shares I have in SRT effectively cost me nothing, so I might as well see what happens. At least they have access to funds for a while! There is no doubt, this is a very risky share to invest in, not for widows and orphans. Wake me up next Spring!

[yump] 14/11/2017 11:50

Has it occurred to anyone that although the posts on this thread are 80%+ negative, the share price is not yet 10p ?

[hjb1] 14/11/2017 11:49

'The only new bit of information is that 4 contracts are close to being signed and their total value is £60mln'.

yes Yump, and some are as gullible as ever!

[yump] 14/11/2017 11:44

The only new bit of information is that 4 contracts are close to being signed and their total value is £60mln.

What is astonishing here, is how much effort goes into posts from people who either clearly don't want to invest, or have no grasp at all of this type of business.

The most ridiculous thing is that if Indonesia was going ahead as hoped, you'll all look very silly and you wouldn't be posting at all.

As you didn't at the spikes.
Same old.