Srt Marine Systems Share Discussion Threads

[hjb1] 23/5/2018 12:54

so, how much lower will this go I wonder?

[lavalmy] 23/5/2018 12:44

It doesn't look like the seller has created much of a stampede, merely a large drop in the price over two days. They will probably have to cover their position on Friday, what with the weekend and holiday. Even funnier if SRT annouce a contract tomorrow.

New issuance of the loan note programme takes 10 days or so to show up on the Bermuda Stock Exchange. We shall see then if I'm correct.

[hjb1] 23/5/2018 10:28

Seller seems keen to offload at any cost it seems, wonder why? Of course MM will play on the sentiment and over do the drop no doubt.
Webcast/news please Mr CEO.

[lavalmy] 22/5/2018 15:48

Reminiscent of March 21/22 when the price dropped significantly for no reason. That was when the second tranche of loan notes was issued. If the same is happening again, i.e. long debt/short equity or even get wind of the debt/short the equity, then maybe SRT would want to have a long discussion with LGB about who they are placing the notes with. It might not be illegal, but they would certainly not want that sort of business.

[hjb1] 22/5/2018 15:38

Some sizeable sells today too.Any bad news out there I don't know about?

[goodapple] 22/5/2018 15:29

As usual, a shortage of trading news is corrosive to the share price I think the market is actually getting a bit spooked by no announcement of a webcast. Good opportunity for a top up though.

[philburt] 22/5/2018 15:04

...and there's me, just had my Code of Conduct training at work....

[hjb1] 22/5/2018 14:55

I think it was a sell if you look at the time of the trade and also the share price dropped just at that time too. The bid price at the time was 34p..... ask price 34.5p / 35p.

[goodapple] 22/5/2018 14:52

Nice 150,000 buy.

[hjb1] 22/5/2018 14:27

need some news soon, C'mon ST what's happened to the webcast?

[hjb1] 21/5/2018 11:53

40% lower, and better performance,...sounds good!!





The SRT VMS System delivers a complete turn-key fisheries management solution at a cost which is up to 40% lower than traditional VMS systems whilst simultaneously delivering better performance, reliability, functionality and future proof flexibility.

Proven around the world, the SRT VMS system includes functionality such as reliable ultra-low cost global tracking of any vessel and type and size, electronic fish catch reporting and auditing, advanced vessel ELOG system, integrated aquatic environment monitoring and modelling, and automatic IUU detection using advanced AI technology.

The SRT VMS system seamlessly fuses multiple data sources, Radar, AIS, Optics and others, both satellite and terrestrial, into a single data set which is then subject to continual analysis by our specialist AI systems which continuously analyse the behaviour of all vessels automatically identifying suspicious activity and creating detailed alerts with full evidential audit trails.

Simon Tucker, SRT Marine Systems CEO said: “Again SRT is leading the way in VMS fishery monitoring systems through the intelligent application of advanced technologies that empowers our customers with the tools and functionality they need on a daily basis, with full ownership and control of their data locally. Our ability to continuously track and monitor tens of thousands of vessels simultaneously across extended port, coastal and ocean EEZ’s and automatically identify, alert and track IUU fishing is unique.”

[goodapple] 20/5/2018 11:55

If there's to be a May webcast this year, it'll be getting flagged up this week I presume. Apart from the obvious interest in progress on projects, I hope we'll hear a bit more about the fishing buoy trackers, of which the Chairman stated in the first half report last year:

"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 £1 million in revenue."

This kit has been on trials for some time now. One hopes the 'considerable interest' is translating into some worthwhile orders.

[countryman5] 20/5/2018 03:35

The current forecast from the broker is 2019 Revenue 20.5, PBT 3.2 and 2020 Revenue 26.2, PBT 5.3. I believe that we will soon get an upgrade which will light a fire under share price. Last AGM presentation identified £77 million under contract and £270 million VSP under negotiation. I am anticipating annual revenue of 40 to 50 million soon. So many countries need SRT systems either to comply with EU fish sales or else for the security of waters and fishing. Countries currently flagged up are:- Philippines, Indonesia, Vietnam, Ecuador, Kuwait, Bahrain, Saudi Arabia, UAE, Mexico and Oman. Many of these potential contracts are about $50 million. There are also the EMTRAK and OEM sales

[philburt] 16/5/2018 14:13

LaV, many thanks for the input. Phil

[lavalmy] 16/5/2018 14:04

Possibly something to do with the Bahrain project:



Translation:

'At the beginning of the meeting, the Commander of the Coast Guard welcomed the American Ambassador, praising the joint efforts and the development of relations with the US Coast Guard in general and the relationship with the US Marine Activities Support Center based in Bahrain, especially with regard to cooperation in the field of upgrading maritime security to serve the common interests.

During the meeting, they discussed areas of joint action and coordination between the two countries at all levels to reach an advanced system that supports maritime security.

In conclusion, he briefed the US Ambassador on the work system at the Maritime Operations Center, where he expressed his admiration for the system of work and development in the use of technologies to ensure the provision of advanced security services, and wished the leadership of the Coast Guard further progress and success.'

I know that the US Navcent and the embassy have been pushing for a new RADAR system for absolutely ages and funding for it from the US - Bahrain, contrary to perceptions, is not rolling in cash. Though once they get their new oilfield going things might change.

[philburt] 16/5/2018 13:19

EE - I don't think the institutions hold sufficient shares alone to swing a 'cheap' takeover, whatever their aspirations!

[lavalmy] 16/5/2018 12:35

I think that, as and when these four contracts come in, the share price will gravitate towards that anyway or at least to new highs. Over and above that, I guess evidence that the order pipeline is being replenished will be required. Let's say they can bring in one or two a year - that should be sufficient to get the price into the 3 digits.

[eagle eye] 16/5/2018 12:20

C5,
A takeover could be possible, but it might not be at 'many times the current price' as you suggest.
If a bid came in at 75p, I'm sure many institutions/investors would be happy to walk away with a quick 100%+ profit (based on today's 36p).
SRT listed in April 2004 at 40p, so a 75p takeover would see a return of 87.5% in just over 14 years, which equates to an annual return of only 4.6%.

[2vdm] 16/5/2018 11:57

Let's hope we get re-rated before anything happens and that means contracts, signed sealed and hopefully paid for. Good to see that someone just bought 100K at 36p

[goodapple] 15/5/2018 14:06

Let us know when you get the phone call C5? :0)

[philburt] 15/5/2018 13:10

C5 - I agree and hope we're right! :)

[countryman5] 15/5/2018 12:59

50% in a very few hands. I suspect these holders have a fair idea where this one is going. There will be a takeover, that is inevitable but at many times the current price.

[2vdm] 15/5/2018 09:55

I can't see a takeover until they have completed and banked a major project.