We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Srt Marine Systems Plc | LSE:SRT | London | Ordinary Share | GB00B0M8KM36 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 24.00 | 23.00 | 25.00 | 24.00 | 23.50 | 24.00 | 261,001 | 08:00:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Services, Nec | 30.51M | 69k | 0.0004 | 600.00 | 46.19M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/7/2018 09:51 | LAV, SRT would have known the need for a french 'presence' in the Philo 2 bidding and would have delivered either by having a french partner or creating a french subsidiary. With regard to Non exec directors, I like NEDs with substantial shareholdings and Simon Rogers ticks my box. You appear to be now critical of ST.I understand that Ian Laing is a substantial shareholder and anybody over 3% is deemed as not being independent. I very much doubt that he would want the job, even if invited. This is a small AIM listed company where there is a VERY able CEO who is the company. As the company grows I am sure that he will be looking to step back from his enormous work load. For those that have met him it is obvious that his vast abilities are devoted to the company. Please don't try and knock someone who is working their butt off for the company. If you don't like the kitchen and what is going on you can choose to leave. PS I have just added. | countryman5 | |
18/7/2018 09:44 | ...and I thought I'd done well to top up below 30p earlier this week, sigh. As long as we DO get the revised contract this is by no means the end of the world, but that jam keeps moving towards the back of the cupboard with this share. | fredfishcake | |
18/7/2018 09:17 | C5 The Philippines had their yellow card lifted in 2015, shortly before the Philo Phase 1 contract. No matter how many times you repeat this, SRT is not a French company. The loan was only available to a French winning bidder. SRT knew this. | lavalmy | |
18/7/2018 09:12 | I think the overarching problem here, of which this current episode is a symptom, is that SRT has a dominant CEO without the counterbalance of an effective, independent Board. Particularly so when the CEO is from the sales side of the operation. Rogers is not independent, just leaving the newly appointed Mr Finn to put a stop to this sort of thing. Maybe it was Finn and Rogers who put their foot down as the members of the audit committee, but it was more likely the auditors themselves. Whatever. I was going to vote against the adoption of the accounts at the AGM. That will no longer be necessary. I do think that shareholders will be better served by having a majority of independent directors on the board, even if a majority means that the Chairman has a casting vote. So I would suggest that Rogers step aside and that two new independent directors be sought. Laing is a name that comes to mind, if he were willing to tie his hands with regard to dealing in the company's shares. In the modern age, a woman would be ideal as well. | lavalmy | |
18/7/2018 09:01 | The Philippines are subject to a yellow card with regard to fish exports to the EU. The pressure will be on to prevent a red card. SRT will be required to deliver the Philo 2 contract ASAP. The delay is due to the French gov and its failure to implement their promised ODA loan. There would appear to be some substantial contracts (ports etc) coming on behind Philo 2 and the french will not be in with a chance. As soon as SRT becomes the Philippines preferred supplier there will be many years of revenue to flow to MSN. Not only that, but the Philippines becomes a great shop window for other Countries to view. | countryman5 | |
18/7/2018 08:48 | surely the old law of averages says we must cop for some good news with these contracts soon.Gonna be another second half weighted year,....now where have we heard that before?? lol | hjb1 | |
18/7/2018 08:44 | boadicea I reckon it never left the bonded warehouse - would SRT have paid cash import duties without a firm contract? | lavalmy | |
18/7/2018 08:17 | I think the return of goods to SRT is a technicality to enable them to value it as stock rather than as bad debt. Where ever the stock is it must be seen to be bonded under the control of SRT via its own agent etc. | boadicea | |
18/7/2018 08:13 | trades going through at 26p | hjb1 | |
18/7/2018 08:10 | Disappointing indeed, but MM appear to have a buy order as marking sells as buys! | ramnik007 | |
18/7/2018 08:04 | This is why peeps take the vsp with a pinch of salt! I wish he would stop with this vsp stuff! | hjb1 | |
18/7/2018 07:53 | Thanks LaValmy. I think that for those who are patient (and heaven knows some of us have been), this will pay off. It's a knot, but it will unravel over the next 12 months. | 2vdm | |
18/7/2018 07:41 | fft I wouldn't worry too much about what ST says. He is only trying to cover his privates with this notion that they have actually delivered anything at all. How likely is it that they managed in two weeks to deliver one third of four year contract, a contract, we are always told, which is complex etc.. Probably some of the kit is from the Indonesian contract. I think that the difference here is that there is a clear, verifiable paper trail in the Philippines about this project, even if SRT are not mentioned by name. As mentioned a couple of days ago, they are moving ahead with the regulations etc. And, I think, at least one bit of the RNS is accurate, viz, that they only found out yesterday that their finesse wouldn't work and that the internal funding had cleared the final hurdle. | lavalmy | |
18/7/2018 07:40 | Already marked down by MM's 30% to 20/22. Will this hold or crash below 20p offered? Probably not (imo) a buying opportunity except as a gamble - Forward vision very foggy - AIS and radar not working - | pugugly | |
18/7/2018 07:39 | it sounds like the work has started SRT commenced the implementation of the project including delivery and invoicing of product as per the contract milestones. why return stuff if they are confident of getting the contract? | davemac3 | |
18/7/2018 07:38 | Cliche competition started... | yump | |
18/7/2018 07:38 | If it was only a tender and not a contract, then SRT should not have jumped the gun in trying to get it into the last FY. Except that they had to because... It just shows has the rest of SRT business has not done very well at all in the last year. 5.3m must be the lowest revenue in the last 10 years. BTW, Early MM call is to open at 20-22p | fft | |
18/7/2018 07:33 | best to write this one off too maybe? When gear gets returned it usually means for good.If it was defo going to go ahead why return it, for the sake of a month or two? Tucker street cred dives lower and lower, I fear the worst here! | hjb1 | |
18/7/2018 07:33 | Lavalmy, The rns states "the deliverables made under the previous contract will be returned to SRT, but remain in-country under SRT's local installation partner's custody." This could be read as the customer returning the kit to the local partner. Either way, the result is the same. More inventory - or was this the same inventory from the Indonesia contract ? | fft | |
18/7/2018 07:28 | c5, as you say "if all goes according to plan". This has been the problem with SRT over the years. Not much has gone according to plan. USA, Indonesia, Now the Philippines. Before that it was Russia, inland waterways, EU mandates etc etc. It has all looked good in theory, but the revenue has been lacking. Whether that is the fault of the company or not is irrelevant. | fft | |
18/7/2018 07:28 | fft I doubt that SRT have sent the kit to the customer, but that it is still in boxes at their agents, much as in Indonesia. I also doubt that any actual contract was signed, so there is no cancellation as such. A 'contract' was awarded, no doubt, as in being told that they had won the tender, and I have no doubt that it will be once they go through the process again. This was required by the NEDA board which insisted some time ago that the expanded project be subject to what they call the Republic Act. This more or less stipulates the procedures for tendering and possible exceptions to open tenders. SRT either did or should have known about this, but presumably wanted to wait until the last possible moment to see if a rabbit could be found. | lavalmy | |
18/7/2018 07:27 | It sounds a bit like beggars can't be choosers and the other party is holding all the cards | davemac3 | |
18/7/2018 07:24 | This is all more than a bit whiffy | orinocor | |
18/7/2018 07:22 | oh no not again! another buying opp coming up. | hjb1 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions