Srt Marine Systems Share Discussion Threads

[yumyum] 04/1/2018 11:03

Happy New Year to everyone.

As most here know SRT's PROFITS were £321,000 for the year ending March 2016, and £1,278,000 for the year ending March 2017. INCREASING actually. Doh ! 2018 or 2019 we do not yet know...

[kendonagasaki] 04/1/2018 10:01

Its stoll a loss making company after all these years with widening yearly losses.One to avoid imo!

[goodapple] 25/12/2017 13:02

Thanks to all for their contributions through the year, positive and sceptical.Sincerely hope good news coming early in the New Year, and good luck to all LTH's.Happy Christmas

[philburt] 25/12/2017 12:36

C5 - many thanks and have a great Christmas.

[countryman5] 24/12/2017 16:45

FT today...Vietnam under pressure.
Vietnam warns fishing sector after EU threat.
'Vietnam is pushing its fishing industry to clean up its act after a threat of punitive trade measures by the EU, which accuses it of tolerating illegal, unreported and unregulated fishing on a large scale'.
'The EU in October gave Vietnam a 'yellow card'.... giving the south-east Asian country six months to reform the industry or face the threat of a ban on fish exports'.Brussels will review Vietnam's status in April. 'We are trying to make every effort to make sure the red card does not happen', Nguyen Hoai Nam told the FT 'We are undertaking many activities to improve and follow the EU's recommendations'. The EU accounts for just under a fifth of Vietnam's seafood exports.

Vietnam also suffers from substantial illegal fishing from Chinese boats. Photo, December 2015, SRT gallery shows S T meeting Vietnam fisheries Minister.

[countryman5] 23/12/2017 09:29

Why is it inevitable that SRT will be a takeover target? Because it is a highly desirable bolt on for numerous global defence companies. It has a unique quality position in a new sophisticated industry that would allow a global defence company to provide added value to its offerings. The added value works both ways. SRT's profile and credibility would be raised and the global defence company gains access to an extended market, allowing it to sell other products to SRT's customers. SRT's contracts have vast potential at generous margins. The only surprise is that an attempt has not yet been made. Would it succeed? I suspect that management would not wish to settle below option price of 120p. Do the major shareholders have a vision beyond 120p?

[trident5] 22/12/2017 18:42

should have read:

The 'inevitable' takeover attempt is triggered

[hjb1] 22/12/2017 18:25

4. The inevitable 'takeover' attempt is triggered,.....inevitable,..really, says who?

[countryman5] 22/12/2017 18:06

There are a range of events that have the potential to impact the share price in the near future:-
1. The US Coast Guard declares that the Amec product is not fit for purpose. See Panbo discussion. This might result in the recall of Garmin, Navico and McMurdo products.
2. One of the major 'pending' contracts gets over the line. Several of these are in excess of £20 million. Options include Saudi Arabia, Kuwait, Bahrain, Oman, UAE, Philippines, Ecuador, Vietnam.
3. An individual or institution takes a shine to this company and starts to hoover up shares. Very few are traded and it would take a while to acquire 3%. I note that most 'sell' shares are minnows with occasional purchases being of larger volumes. Perhaps someone is already stake building.
4. The inevitable 'takeover' attempt is triggered

[hjb1] 19/12/2017 20:47

somewhere along the line we all have to realise that perhaps it just is not going to happen as Tucker reckons.Upto now it's been mostly hype and little substance unfortunately! This will be about my EIGHTH year end vowing that 'NEXT YEAR' will be the year for SRT, hmmmmm! still waiting, Tucker has done ok though!

[countryman5] 19/12/2017 20:10

It will be a miracle if Saudi Arabia and Iran avoid war. I find it difficult to understand why Saudi Arabia, Kuwait, Bahrain, UAE and Oman have not installed full MDM systems, which would allow them to monitor their coasts and shipping. Even if they order now, it will take two years to be fully operational.

[bypooh] 19/12/2017 16:04

Does anyone know what the £60 million/four contracts is supposed to made up of, as in countries and values?

[hjb1] 19/12/2017 15:51

OD, not been here long I assume? lol!

[obiterdicta] 19/12/2017 15:36

Two contracts have been flagged up as pending since April but nothing substantial has come through the sales pipeline since then. Needs to deliver rather than talk IMHO.

OD

[hjb1] 19/12/2017 14:54

if we get the warning then I fear this will be well below 30p never mind 32/33p.Not sure how much longer we are supposed to keep the faith with ST, year after year, same old, same old!

[obiterdicta] 19/12/2017 09:34

These pending contracts need to drop soon otherwise I can see a profit warning and share price heading south, perhaps below the recent 32/33p bottom.

OD

[countryman5] 16/12/2017 19:47

Re. Panbo / Alltech. The assumption must be that international authorities are testing relevant products. I imagine that random products have been bought at retailers and sent off for testing. If these tests don't reveal a problem, then nothing changes. If however, these products are found to be non compliant with AIS criteria, the faulty products will need to be recalled. This would probably be a global recall. I imagine that tests are probably already underway.

[piedro] 13/12/2017 19:33

FWIW ...

Guarding Protected Waters
A multi-national partnership is helping the island nation of Maldives protect its critically important domestic fishing industry against the environmental and economic impact of foreign longline fishing vessels. UK-based Honeywell Global Tracking and GOST (Global Ocean Security Technologies), headquartered in Ft. Lauderdale, FL, .... ....

[yump] 08/12/2017 16:36

That latter point is the one. Unless there's currently a flow of project deliverables anyway, which won't be announced individually (not part of the 4). A couple of the 4 before year end would be enough to restore confidence I think, with or without revenue - investors would start to look ahead a bit more to some proper traaction.

[astralvision] 08/12/2017 16:24

Yes, but we will soon be down to 3 months left in the current f/y. I guess whether SRT make forecasts depends on how much the existing contracts will contribute in the second half and if new contracts, once signed, have a decent amount of software that they can bill fairly quickly.

[yump] 08/12/2017 16:18

I put Indonesia back to square one as well. A while yet to see how the second half pans out though.

[astralvision] 08/12/2017 16:02

I would urge DJ trading to keep posting as he does bring some valuable points to the table, eg regarding the debt on the MDM contract.
He has an agenda, I think we can all work that one out and, I feel, probably has little interest in his 'research' either being correct or corrected. But it is useful in that, for example with JRC/Indonesia, clarification of the real position can strengthen the investment case.
Regarding DJ trading's views on the Indonesian situation, I tend to think he could well be correct. Personally I've written that one off, even if it is still 'live' with SRT. That way any upside will be a bonus, but I've seen this sort of situation before and these thing tend to peter out.

The current situation must, imo, give rise to a reasonable probability of a profits/revenue warning as the four 'near term' contracts have yet to put in a show, but we will see.

[yump] 08/12/2017 15:25

Effortless Cool

I really couldn't give a monkey's what you think, but you should check out the JRC information that DJT has posted as a negative, if you are a shareholder, as its irrelevant. Repeated quite a lot by DJT though.