Srt Marine Systems Share Discussion Threads

[hjb1] 08/12/2017 14:21

ha ha! yeah right, as I said still stinging!! keep up the 'research'

[hjb1] 08/12/2017 13:51

DJ, in the last year+ you have posted on two companies ONLY, SRT and Premaitha, with the vast vast majority on SRT, any rationale for your complex with all things SRT?, other than your run in with ST, which obviously still stings!! and trying to pass it off as 'research' is quite laughable and pathetic tbh! Tucker REALLY got under your skin didn't he eh?? lol
BTW, I do agree about the Indo deal! not sure the Exact Earth suggestion is a good one though, been there done that!

[dj trading] 08/12/2017 13:50

"yump8 Dec '17 - 13:04 - 6185 of 6185 0 0
So well done on being right after the event. That proves you're an amazing financial whizz."

Actually 7 weeks BEFORE MDM postponement RNS of 31st July

"DJ Trading - 07 Jun 2017 - 11:02:46 - 5078 of 6182
The read through on the £2.2m outstanding is the status of the contract to which it relates. It doesn't suggest all is well with the relationship to me!"
Price then 55p

Price 7 weeks later when they announced postponement of this contract 35p
Just because you choose to try to trash everything I post doesn't make me wrong!

So here is another thought to bookmark!
If Indonesia contract just postponed for 8-20 months why did Directors agree to hand back bonuses of £300k! a massive 44% of their combined salaries for the last FY.

My reading of the whole Indonesia situation is that it won't happen or at least nowhere near $100m but no doubt we won't find out until 2019. And by then there will be an exciting new project for Shareholders as SRT heads into space. I have a view on this but perhaps I had better not share - you won't like it Yump (But for others look at the 3-4 major competitors and how many satellites they will have in 2019 vs SRTs 6. Then think about SRTs unique offer - presumably combining visible light or infrared with an AIS receiver on the same platform - then think about the analysis of the images by computer and how these will be passed onto customers as unidentified blobs of a few pixels that move 30-100+ miles on each revisit of 3+ hours for a 6 sat config - why not just contract with Exact Earth or Spire or ....... SRT will need a lot of income to justify the ?£m capital outlay and interest on loan notes at 9.5%)

[effortless cool] 08/12/2017 13:49

Yump,

I am long SRT. I find DJT's posts useful. I do not find your posts useful.

I am sure I am not alone in this.

[yump] 08/12/2017 13:04

If you're going to concentrate on negatives, then get them right.
See astralvisions post. JRC not relevant.

If you can't see any potential or good here, what's the point of your posts ?
Of course you're allowed to post whatever you want - nobody can stop you.

Isn't the real question whether you would have continued to post 'warnings' if Indonesia had been fine. Perhaps you could have posted some warnings at 60p about dealing with governments and the east.

Oddly enough someone did and although I can't be bothered to go back, I think I did as well, as I have actually dealt in a business with them.

So I'm sure you can pick bits of concern. Funnily enough so can I, but I don't need them repeated over and over.

Simon Tucker failing to apologise for an error that you spotted - WOW you really do feel self-important don't you.

So well done on being right after the event. That proves you're an amazing financial whizz.

Shame your energies are wasted here with all the heads in the sand, when you could be helping so many other investors in other companies.

Have fun.

[dj trading] 08/12/2017 11:00

Yump - SRTs largest contract ($100m) is on hold. I identified potential issues well before any announcements to the market - eg SRT apparently not sponsoring or speaking at the Maritime Security and Coastal Surveillance Conference held in Indonesia! last year? (and now this year in Singapore?).

And I highlighted potential issues with Indonesia from annual results (SP 55p) 7 weeks before SRT put out an announcement (SP 35p post announcement)

"DJ Trading - 07 Jun 2017 - 11:02:46 - 5078 of 6182
The read through on the £2.2m outstanding is the status of the contract to which it relates. It doesn't suggest all is well with the relationship to me!"

"DJ Trading - 07 Jun 2017 - 10:46:51 - 5075 of 6182
Re Receivables this is why you need to be concerned especially as it includes £2.2m outstanding for 14 months - presumed to be Indonesia (which is bulk of order book)
Note 13 to accounts

Trade and other receivables
2015 £1.6m
2016 £4.7m
2017 £7.9m"

You can use the information I post as you wish or even filter me - but stop telling others what to do or trying to silence me. As I have said before very few shareholders read ADVFN so those that do might have an edge but only if contributors are allowed to post about threats as well as opportunities.
Fortunately I think most readers do appreciate my input!

[astralvision] 08/12/2017 10:33

copy of post 5987 for DJ Trading, who seems to have a short memory.
See I mentioned 'false news' in my post,talking of which funny how an accountant got it so wrong re SRT's loan deal, I guess when you have an agenda as deep as his then 'mistakes' can happen.

Here it is, post 5987:

A poster earlier(hjb?) on this thread asked about SRT's view, think it was wrt JRC in Indonesia.
Also post 5927 by homeboy said 'Indonesia has been cancelled' and post 5941 talks about JRC and Indonesia and on the other thread a Vissim contract in Thailand has been posted.

I asked SRT about these issues, I have received the following reply which I am happy to share. I think this clears things up and it would seem some folks, perhaps, have their own agenda for posting false news?

Anyway, here it is:




'Within a country there are lots of different maritime market segments each with different requirements and procurement processes. There will be coast guards, ports, waterway authorities, owners of infrastructure, inland waterway authorities, Navy, Fisheries. In almost every case, in reality, they do not co-ordinate activities as they have very different operational objectives.


- Indonesia – the JRC contract everyone is talking about is for a port – hence a VTS system. Its nothing at all to do with either the fisheries and or the coast guard. Its well known that Indo ports are very behind in terms of monitoring and its equally well known that JRC decided some years ago to target owning this market - they have been at it for 5 years now and have had to supply an initial reference system at a loss making price. All well known in the industry. Taking a 10 year view, as they are doing, I believe they will do well in the VTS segment. The Coast Guard, Fisheries, Navy, Infrastructure owners such as the oil company are entirely different. Our specific situation in regards to our contract with Qnective and in turn Bakamla has not changed – if it had, then we would have announced something per AIM rules.

- Thailand – the same applies in respect of Vissim. The reality is that Kongsberg has the contract for a few ports who have sub contracted to Vissim. The other reality is that this is the second time the same deal has been signed, but no work has commence. We continue with our indepth discussions with the Navy and Fisheries. '

[yumyum] 08/12/2017 10:13

I thank DJ for digging out and posting various useful bits of info.

[hjb1] 08/12/2017 09:52

DJ is quite funny really, I see it as a sort of care in the community for him, bless!!

[dj trading] 08/12/2017 09:22

Japan Radio's new JV in Indonesia has launched with a large team - especially given that SRT still have the $100m contract (so what are JRC undertaking locally?)
Google JRC SPECTRA INDONESIA and go to images.

And why weren't SRT sponsoring or speaking at the most recent Maritime Security and Coastal Surveillance Conference - Singapore 28-29th November given that they have the largest contract in the region and this is their prime revenue stream (were they even there?)


Kongsberg, SAAB and MDA/Digital Globe (satellite systems) sponsoring/speaking.
3 senior officers from Bakamla attending as well as Senior officers/influencers/decision makers from other SE Asian countries.

[hjb1] 08/12/2017 08:24

you're not Jim Bowen in disguise are you? 'here's what you coulda won' lol! yes, agree it's good to know who's winning what.
I wonder if SRT still supply into Xanatos as they used to be a customer!

[dj trading] 08/12/2017 08:18

"hjb18 Dec '17 - 08:10 - 6174 of 6174
DJ, SRT won't win every contract out there"

Totally agree - but it is useful to know what they don't win as well as what they do when making investment decisions. Although one or two here prefer the head in sand approach and like to shout down anything they perceive as slightly negative! (Where's Yump!)

[hjb1] 08/12/2017 08:10

DJ, SRT won't win every contract out there, get over it will ya!! at least SRT gear works!! lol

[dj trading] 08/12/2017 07:51

"astralvision7 Dec '17 - 22:37 - 6171 of 6172 1 0
Aren’t Alltek based in Taiwan? Let’s face it, if they didn’t get that one they really would be struggling."
Yes and I agree

So you would think that SRT would get Portland UK rather than a Canadian Company


Other news - Vissim bag another small contract

[hjb1] 07/12/2017 23:23

Great if they want to monitor 50% of what is there! lol.

[astralvision] 07/12/2017 22:37

Aren't Alltek based in Taiwan? Let's face it, if they didn't get that one they really would be struggling.I note Taiwan, afaiaa, have never featured in any SRT list of possibles/potentials.Mind you, if Alltek don't sort out their non compliant products Taiwan may not be getting what they think they should be.

[dj trading] 07/12/2017 22:27

Alltek Marine awarded Taiwan nationwide AIS Network Project

"Alltek Marine is pleased to announce that it has been awarded a procurement, engineering and installation contract by the Taiwan authority. The contract covers the provision of AIS base station and AIS AtoN for a total of 33 lighthouses around Taiwan and the deployment of AIS service management system.

The project consists of multiple AIS network around Taiwan and its off-shore islands. The system enables Taiwan authority to monitor, analyze the extensive fleets that surround the nation waters in real-time which is a great aid for marine environmental monitoring and search and rescue applications."

[goodapple] 05/12/2017 15:56

A comment recently added to that Panbo article by a subscriber:

"About Garmin and AtoN, I contacted their support i Sweden and they confirmed that Garmin plotters do not display AtoN. The have no information on when they are going to implement this."


( sorry about the echo.. )

[goodapple] 05/12/2017 15:54

An very recently added comment on that Panbo article:

"About Garmin and AtoN, I contacted their support i Sweden and they confirmed that Garmin plotters do not display AtoN. The have no information on when they are going to implement this."

[astralvision] 05/12/2017 15:22

There is some interesting and lengthy debate on the issues of the AMEC non-compliance and the virtues of virtual ATON's here, with comments from Simon Tucker



scroll down to the comments section.
I've just pasted one of ST's comments below as an example, very interesting they are to.


SRT comments on:

Non-Compliance of ALLTEK / AMEC AIS Class B to Required IEC Standards*

Friday, 17th November 2017

This document has been prepared and issued by SRT Marine Systems to provide factual clarification following the recent public issue of an independent test report confirming non-compliance of ALLTEK / AMEC AIS Class B devices.

• SRT’s sole objective is to ensure the integrity of AIS, and therefore its core operational performance and in turn the safety and security of all users.

• The overlaying functionality, form factors and quality of products differs between manufacturers - although also linked to the technical operation of the product - is not relevant to this particular notification of non-compliance with the IEC & ITU defined AIS Class B transceiver standard. SRT’s statement is purely in relation to the specific performance requirements stated by the international AIS Class B standards.

• It is important to differentiate between testing and compliance with a specific international technical standard (such as AIS Class B) and product functionality and product quality; although all are ultimately interlinked. Quality manufacturers such as SRT will also submit their products to extensive additional testing based upon years of accumulated experience.

• The AIS technical protocol standards are defined by specific ITU and IEC standards, in the case of AIS Class B these are primarily defined by documents IEC62287 and ITU-M.R1371. These documents provide absolute clarity on the prescribed test methods and criteria which must be followed by manufacturers and test houses.

• Compliance with the technical standards exactly as specified is critical to the core performance of a product – this is particularly the case for radio communication products to ensure robust consistent performance and interoperability between products from different manufacturers. Independent testing is required for certification to ensure compliance and therefore the underlying core performance and capabilities of the product. This in turn supports and enables product functionality.

• Issues arising from non-compliance with a technical standard, may not be immediately obvious to end users. But they may in fact be causing them to miss vital communications and performance functionality. In this specific case, the result will be missed transmissions and thus potential serious safety issues.

• TUV is the world’s leading and largest government accredited test organisation, with decades of experience of testing radio communication products ranging from AIS to mobile phones. In SRT’s 25 years of radio communication technology, product development and certification, they have always been the most challenging and are considered to be the gold standard. Independent testing by such organisations is used by responsible quality product manufacturers to aggressively challenge and validate the performance and functionality statements they make about their own products. TUV is accredited by USA and European governments and authorities.

• For the avoidance of doubt SRT manufactured and supplied the NAIS400 and not the NAIS500. Any product based on SRT technology and or manufactured by SRT is either clearly marked or upon inspection the SRT logo and name can be seen on the electronics inside.

• The issue that caused the end users to return NAIS500 units was diagnosed as a poor connection between the internal GNSS antenna connector and the internal PCB. In SRT’s opinion this arose from a combination of poor design and manufacturing. Although not manufactured by SRT, we repaired the units and returned to the users. This issue was in addition to the core performance non-compliance discovered during pre-dispatch product quality performance testing by our Customer Support Team. NAVICO was immediately notified.

• We note that AMEC does not deny and or refute that their AIS Class B is non-compliant to the requirements of the AIS Class B standard as defined in IEC62287.

• We note that AMEC seeks to mitigate the material issue of non-compliance with the IEC AIS Class B standard by suggesting that because AIS Class B’s have two receivers they will cope with the issues that arise due to the material out of specification operation of the Alltek receivers. In SRT’s opinion this does not make it acceptable for the product to be non-compliant to the standard, nor does it in fact mitigate the user risks of not successfully receiving or transmitting.

• We note that AMEC’s illustrated test set-up is incorrect and not compliant with the prescribed set up and methods defined in IEC62287-1 Ed3.0.

• In AMEC’s report, they refer to ‘another SRT AIS device’ whose spurious response is different to the standards. This is misleading and factually incorrect since the test report they identify is for a different and unrelated product.

• All SRT products are designed, engineered and manufactured in Europe to the highest international standards. Only high quality materials and components are used. All products undergo extensive internal and external independent technical testing by fully accredited test houses, such as BSH and TUV. In addition every product undergoes extensive and prolonged functionality and reliability testing with professional mariners and coast guards. This extensive and robust testing ensures the highest possible quality and performance. All statements made by SRT about our products are fully supported by independent parties.

Posted by: Simon - SRT CEO at November 18, 2017 9:56 AM | Reply

[barrieb] 01/12/2017 16:27

Be careful folks as being quoted 40.8 to buy 5k when offer is 25k at 38!!!!
whats going on here!