Srt Marine Systems Share Discussion Threads

[philburt] 04/12/2018 13:58

buck - I think, after a few perceived 'false starts' it might take the arrival of contracts 2 and 3 in the next few months to really swing opinion....

[buck581] 04/12/2018 13:48

Disappointing market reaction.

[lavalmy] 04/12/2018 11:26

I thought Sir Humphrey might have had a hand in it:

'We commend The Philippines for taking this bold initiative....'

[eagle eye] 04/12/2018 11:02

Congratulations to Simon Tucker and all the hard working team at SRT.
This is a huge validation of SRT's standing in the MDM space, landing a complex project in possibly the largest boat park in the world.
Now comes the issue of recruiting the right people and delivering the system.
No small issue, SRT can't take anything for granted.
Looks like the £20m revenue forecast for this year is now more of a reality.
Onwards and upwards for SRT :-))

[lavalmy] 04/12/2018 10:40

Very welcome even if expected, and a good level of disclosure allowed by the BFAR. It certainly is a long way from being something that can be knocked up in a garden shed, as a critic used to suggest.

The broker hasn't got over-excited, probably as relieved as everyone else. I suspect that they are still waiting on a couple of other shoes to drop before upgrading.

No-one seems to have noticed that the old contract was for €28.5 million and this renewed version is for £31 million, or some £6 million more. I know that some of the uplift is because of the financing change - presumably SRT will hedge the forex risk if they see fit. There is no mention of whether they will use financing or not - I expect that the hub will be installed and invoiced shortly. Payment should be within sixty days of that, so it really depends on whether they need the cash or not. That in itself would depend on whether they need to prepare for other orders. In any case, funding is not a concern.

As Owenski's extract makes clear, this is only a beginning for the Philippines and marks the end of the beginning for us shareholders.

[yump] 04/12/2018 10:33

... and this is without any of the other 'new' contracts that we're expecting - here's hoping... I'm sure a few on here had written off this one.

[ramnik007] 04/12/2018 10:32

Based on previous unfortunate shamble with contract win announced, investors will be more cautious until the money is 'in the bag'. Fingers crossed.

[owenski] 04/12/2018 10:29

Forward view on SRT as a business operating in the MDM sector is becoming derisked with this announcement. From an investors viewpoint the VPL gains credibility. share price is moving in the right direction but has only effectively recovered lost ground, more to come in future weeks imo.

[yump] 04/12/2018 10:17

Well the lack of immediate response is disappointing.

Candyman, candyman, c.....

[yump] 04/12/2018 09:54

Fredfishcake

I seem to remember it was back-loaded.

A cue for DJT to remind us. That is one fact that an accountant should remember.
Or not.

[yump] 04/12/2018 09:53

Re: cash flow...

Where is an accountant when you need them - DJTrading - time for your insight on cash flow. Time to post a warning when the price is up - gain some real credibility !

Or not.

[boadicea] 04/12/2018 09:08

I have just got online after my wifi crashed this morning - perhaps it got overexcited on the news it was carrying! Joking apart, it's a well deserved and overdue reward to ST and the team for their herculean efforts aver a long time - and for those here for sticking with SRT.

Of course it may present me with a problem. Do I ignore a self-imposed limit on how much to invest in any one AIM stock? Following it so far and selling at peaks (e.g. 40 - 50p) and restoring at ~25p has lowered my net cost to 14p. For the moment I think it will be 'let profits run'.

The other problem is when to search for and open the jam. I think I will wait for cash flow figures before that. Incidentally, didn't LaValmy or C5 or someone make a comment on that prospect a while back? - a reminder would be useful.

[philburt] 04/12/2018 09:01

Well done SRT and ST, and best wishes to all the patient, long term holders of shares. A very nice base on which to build for 2019 and beyond. Keep turning the handle on that sausage machine.... :)

[fredfishcake] 04/12/2018 08:51

That photo was indeed a nice hint. I believe ST said that a lot of this contract was front loaded, so we should actually be seeing the cash into the company in the forseeable future. At that point I'd assume an RNS would be in order that we're doing better than market expectations.
Congrats to the team, good to see all your hard work paying off. From a personal standpoint, I'm almost at breakeven!

[goodapple] 04/12/2018 08:49

Hope this contract award gets some good press coverage for SRT, and starts to remove the "jam tomorrow" label which has been attached to the company these past few years.
Delighted by the news, and congrats to ST and his team.
Now where did I put that jar?

[supernumerary] 04/12/2018 08:45

Well done ST and team!

Pugugly - hope that answers your question?

fft - I don't think there was a leak - I was among the buyers Thu/Fri and it just seemed like the right time and price. The award has been mooted here with some confidence for a long time - there would have been more surprise at the absence of an award than the presence.

[yumyum] 04/12/2018 08:23

Congrats to all at SRT. I never lost faith. Looking forward to further contract awards.

[yumyum] 04/12/2018 08:17

DJtrading, do you buy today and hold for a few weeks?

[wynterwilde] 04/12/2018 08:16

May I too add my thanks and congratulations. ...my 8yr old 35p average is in danger of being above water today.....long may it be so..😂

[crystball] 04/12/2018 08:04

Well done all at SRT. Good news at last.

[lazyj] 04/12/2018 07:58

fft. No leaks last Friday.- Just one more encouraging picture in the SRT Gallery.
ST. I'm sorry that I missed the "Jam provision day"-But I'm delighted with this one.
Thank you and congratulations to all at MSN.

[yump] 04/12/2018 07:56

Yes I think it shows that the relationships between srt and customers are genuinely close. I confess I had fears that the contract might go elsewhere for some reason.

[billbyrne] 04/12/2018 07:51

Well done ST and the whole team at SRT. Thank you for the hard work that has gone into securing this contract.

[barrieb] 04/12/2018 07:39

ST deserves a medal for his persistence, patience, dedication, energy, communication, leadership and his technical knowledge and worldwide understanding of his industry.

Well done to all the SRT team but especially to Mr Simon Tucker.

Thank You and we look forward to continues success.