Srt Marine Systems Share Discussion Threads

[yumyum] 12/4/2018 15:34

Glad to hear that hjb1. I meant to say your previously most recent views seem to have been a little wide of the mark. Let's look forward to all having good (solid) reasons to wax lyrical.

[hjb1] 12/4/2018 15:23

Yum sorry, but I have got it consistently right for a considerable period of time, as LaVal mentions.I sold at the right time at 40p+ but kept a few.
I expect to be adding in the near future as for the first time in quite a while I can see some light going forward.
In the old days when Tucker did well I said so,even congratulating him on the Indo deal,when he doesn't do so well then I say so too.
Now going forward I expect to be waxing lyrical about SRT, finally!!

[crystball] 12/4/2018 12:44

I doubled my holding at 21.5p before yesterday having weighed up positive and negative considerations. I look forward to the rest of this year and attending another AGM in September. It will be good to meet the staff again and other patient shareholders.

[philburt] 12/4/2018 12:06

LaV - I second the thanks for your insightful and knowledgeable contributions.
I added c.10% to my holding recently at c.20p but, as always, wish I could have made it more! lol
Here for the long haul. Good luck all & DYOR as always.

[yumyum] 12/4/2018 11:45

I am not writing off Indonesia to start this year.

[goodapple] 12/4/2018 11:12

Looking forward to an update on the fishing buoy AtoNs which were reported to be on various trials having aroused great interest. Just one of the many strings to SRT's bow.

[eagle eye] 12/4/2018 10:44

LaVal,
Thanks for your informative post.
Not sure how SRT delivered such a strong performance as no meaningful contracts were announced in H2.
You can tell SRT is looking up.....someone who normally posts a load of neg has gone a bit quiet LOL.

[lavalmy] 12/4/2018 10:09

ee

I am sure SRT will give more detail on the Philippines contract as soon as they can, but it looks to me that they will have sent all the hubs, screens and equipment for the control centres already. That would leave the radars and cameras for the fifteen regional ports to come. For that though, they would need the concrete bases to be poured and cured before eracting the steel towers to put them on. I don't know how long that would take. Then there are all the base stations which may have been shipped already. Lastly, the transponders. It would, all told, be optimistic to expect an enormous amount to be billed in H1. I would have thought the remainder would be H2 and H1 2019.

Ecuador, once signed, would probably follow the same sort of roll-out - infrastructure first, then deployment.

If Kuwait is one of the ME ones, then one or two large shipments, neither in H1 as the Identifiers would have to be ordered.

Lastly, if it is Bahrain stage two, they know where they want to put the three Terma radars, but who knows how long the lead time is? Elcome have recently been appointed to service Terma kit in the ME, as an aside.

So, of that lot, probably only Ecuador would contribute to H1.

[yumyum] 12/4/2018 09:55

Seconded eagle eye. I think that sort of performance (or better) H1 is perfectly possible.

[eagle eye] 12/4/2018 09:53

robward,
I'm quite happy for your Aunt to be your Uncle, if that's what it takes LOL.

[eagle eye] 12/4/2018 09:44

Well done to everyone at SRT.
With H1 revenue of only £2.9m, H2's £10.6m was a creditable performance, even if most of that sits on account receivables.
If SRT could deliver that sort of performance in H1, that would certainly wake a few investors up.

[yumyum] 12/4/2018 07:58

jlo10, I view corporate rating as the analysis of SRT's appointed Nomad and broker.

They have some inside track information and more in-depth analysis, therefore it is kindof trusted by the market (at least in terms of revenue and profit forecast).

[yumyum] 11/4/2018 23:06

Piedro, I think this is for military purpose only. Especially for a missile attack.

[jlo10] 11/4/2018 22:02

Corporate rating
What does that actually mean
I've googled and still not sure

[piedro] 11/4/2018 20:26

SkyTruth@SkyTruth
Could China's electronics jamming in the South China Sea make thousands of fishing vessels "disappear" by blocking their AIS/VMS tracking signals? [I am actually asking, I don't know]




Placed on Twitter,
Can anyone answer the question?

[kimboy2] 11/4/2018 12:28

Well given what expectations were it has to be a good RNS. I would expect a return to the mid 30s.

[yumyum] 11/4/2018 09:47

75p is a bit conservative....

Thank you PUG

:-)

[pugugly] 11/4/2018 09:45

SRT Marine Systems Plc SRT finnCap Corporate 24.00 21.25 75.00 75.00 Reiterates

[yumyum] 11/4/2018 09:41

LaValmy,

I do not know if this is really a reiteration but I saw this today from Stocknewstimes.com :

SRT Marine Systems’ (SRT) Corporate Rating Reiterated at FinnCap

Posted by Mandy Boone on Apr 11th, 2018 // No Comments

SRT Marine Systems logoSRT Marine Systems (LON:SRT)‘s stock had its “corporateR21; rating reiterated by equities research analysts at FinnCap in a note issued to investors on Wednesday. They currently have a GBX 75 ($1.06) price target on the stock. FinnCap’s price target suggests a potential upside of 252.94% from the stock’s previous close.

[lavalmy] 11/4/2018 09:17

YUMYUM

Have finnCap reiterated?

SRT did say that they had two in Asia, one of which, in Vietnam, came of the boil a bit, as they were hoping to get some UK government funding which didn't work out. I understand that it is still going ahead but that the Vietnamese will have to pay for it themselves. A fisheries project, very similar to the Philippines, and under coercion from the EU who issued a yellow card in October.

[yumyum] 11/4/2018 09:11

Bearing in mind this is effectively announcing a contract win then this is extremely positive. As far as I know we did not have an Asian project until this announcement (excluding Indonesia which is pending restart).

''These results reflect the excellent progress we have made across all our business operating segments, in particularly our systems business which saw some significant milestone deliverables completed for an Asian project which we will provide more detail on in due course."

Looking forward to finnCap's updated forecast after final results. Meantime it seems they stick to their 75p share price target.