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 Shares Traded Last Trade
  0.00 0.0% 45.00 88,992 08:00:00
Bid Price Offer Price High Price Low Price Open Price
44.00 46.00 45.00 45.00 45.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 18.91 -6.90 -3.93 74
Last Trade Time Trade Type Trade Size Trade Price Currency
14:24:41 O 7,363 44.52 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-04 14:24:4244.527,3633,278.01O
2020-12-04 14:22:3944.046,8963,037.00O
2020-12-04 14:03:3344.555,0002,227.50O
2020-12-04 12:13:2744.552,5001,113.75O
2020-12-04 12:12:1645.954,0001,838.00O
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Srt Marine Systems Daily Update: Srt Marine Systems Plc is listed in the General Financial sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 45p.
Srt Marine Systems Plc has a 4 week average price of 34.50p and a 12 week average price of 34.50p.
The 1 year high share price is 56p while the 1 year low share price is currently 23p.
There are currently 164,251,939 shares in issue and the average daily traded volume is 194,795 shares. The market capitalisation of Srt Marine Systems Plc is £73,913,372.55.
boystown: Re-tipped by Simon T who says: "my financial models suggest that SRT should be able to generate annual revenue of £50m and pre-tax profit above £10m once the aforementioned contracts are signed..." and ... "I now feel that imminent news flow on SRT’s major contracts should drive a further re-rating of shares in the £60m market capitalisation company. On a bid-offer spread of 35.5p to 37p, they rate a buy."
lavalmy: Hi C5 Not really anything that hasn't been mentioned on here or by SRT. In SRT's case, they have been going on about two large contracts (some £75 million each) imminent almost two years ago now. Originally, different departments, then all in one, now back to different - which all goes to show how little advanced they actually were when first mentioned. Neither have budgets, nor have they ever had in the sense that we would understand. SRT seems to think that if a department knows how much it will cost and has a hope of convincing the budgetary powers that be to finance it, it is as good as in the budget. On the bright side, apart from the obvious need and desire (publicly evinced by BFAR) to cover all vessels over quite a long timeframe, there is the more tangible evidence of how concrete the plans are from the fact that they have installed what they currently have - overkill by a huge stretch for 5,000 mainly satellite tracked larger fishing vessels. The caveat remains to what extent other transponders can inter-operate with the system sucessfully. As they don't expect to finish the current project until some time next year, there is no chance of any addition to that until the calendar year after. Any Coast Guard project, which when last mentioned by SRT seemed to be closer, would be independent of progress on the IMEMS project, but still would need a budget in the current deliberations to commence next year which it doesn't seem to have - so 2022 for that too at the earliest. If the M/E contracts come in as they think, they will be busy enough in any case over the next fourteen months. There is as yet no sign that they are not expecting these, but one does wonder how usefully active project delivery people can be for months on end.
alter ego: Nothing too significant EC as you would expec. Some "colour" added to what we already know: ST values the ME delayed contracts at £69m and mention SRT have someone in the ME working on getting contracts ready (for approval/signing I assume but not said). Overall tone here is Simon is expecting to get these signed in the near term but he admits it will take as long as it takes so I'm not holding my breath. £9m received in July? from Philippines so cash position is ok. Latest series of transceivers has expanded connectivity options. B900 launched in Jan has wifi and bluetooth so everyone on a vessels has access to the data on whatever mobile device they use. Dean (forget his surname although I met him last year), the Production Manager has been in the Philippines all year assisting the project to progress. Home working is the norm for engineers and development staff now. ST thinks it will be permanent and once someone opts to work at home they can't switch back to office working. Some money invested in desks and kit to make this happen. In answer to a question ST said yes, SRT are getting some recurring revenue for selling sat data. Also mentioned repeat revenue for upgrades which will become more prevalent in time. Lots of new satellites being launched with new sensors offering new options for data sales but resolution not sufficient to rely upon solely so land based monitoring is essential. In answer to a question about Australia, ST said they don't seem interested in MDA systems at the moment and SRT has enough irons in the fire anyway. He said most transceivers sold in Oz are SRT. Odd this as last year Louise told me the competition from Vesper was strong and I got the impression SRT were not. May be my misreading that. Some of the slides listed where systems projects are actively being pursued but didn't have time to write it all down so see the detail when it goes onto the website. Apologies for any unintended errors.
pldazzle: Email received at 10.40am: SRT Marine Technology is pleased to announce the availability of a range of new kits that make it easy and cost effective for any port or waterway authority to significantly improve safety through effective and reliable monitoring of buoys, lanterns and the environment with real time information displayed on your existing VTS system. These innovative new AtoN monitoring kits enable port and waterway authorities to significantly enhance safety and reduce risk by alerting relevant authorities and vessels to off-position buoys, faulty lanterns, and poor weather. By using AIS, the information is automatically displayed on existing port VTS and vessel ECDIS. DAS Carbon-1 – Buoy, Lantern and Weather Monitoring AIS AtoN Kit – this kit enables you to make sure a particular buoy, such as your Cardinal buoy, or other important buoy, is in the correct location and the lantern operating, and if not, that you are alerted. DAS Carbon-1 will also transmit a real time AIS feed of all common weather parameters to both your VTS centre and all nearby vessels. DAS Carbon-2 – Buoy, Lantern & Advanced Weather Monitoring – this kit provides continuous monitoring of buoy location, lantern operation and provision of a comprehensive range of real time local weather conditions – wind, humidity, precipitation, air pressure & visibility – all of which is continuously transmitted to your VTS centre and all vessels within up to 25km. DAS Express-1 – Buoy Position Monitoring – this small and cost-effective kit is a complete buoy location monitoring solution that can be installed on any buoy. DAS Express-1 will continuously transmit the real time location of a particular buoy to both your VTS centre and nearby vessels. Express 1 connects directly to the existing available power source and includes a back up battery in the event of power failure. DAS Express-2 – Buoy, Lantern & Weather Monitoring – this small and cost effective kit will continually monitor and transmit the location of your buoys and health status of the lantern in real time to your VTS centre and all nearby vessels. Ideal for small and medium sized buoys, Express 2 connects directly to the existing available power source and includes a back up battery in the event of power failure. Each kit is based around SRT’s professional CARBON & EXPRESS AIS AtoN Transceivers which offer a wide range of sophisticated functionality and includes everything required for easy installation on any buoy by a local marine electrical engineer. For over a decade SRT has been at the forefront of AIS and AtoN technology and product development. Our range of AIS AtoN transceivers are the preferred choice of professional port, waterway, and infrastructure owners worldwide due to their performance and long-term reliability. These new kits are the first in a range of flexible solutions that enable easy and cost effective implementation of remote AtoN monitoring. Contact us for further information: or click on the LEARN MORE button to go to our website
eagle eye: If SRT delivers revenue of £40m and pretax £10m+ in the current year, then as far as I'm concerned Mr Tucker (and everyone at SRT) does walk on water. It might have taken a decade or so coming, but the business model will be proved live and kicking and a growth multiple will be applied to earnings. Can SRT keep it going? Not home and dry by any means, but multiple projects running simultaneously would smooth the revenue profile and prove a great reference point for potential customers. SRT's share register looks like a private company with a public listing, so any City boys wanting to accumulate stock will just have to pay up like everyone else.
countryman5: We are often told that the best companies to invest in are ones where a founding family has a large shareholding. Obviously families are notorious for falling out but if the family has a large enough holding they usually focus on the long term interest of the company rather than the next half year earnings forecast. Is SRT in effect such a company? I suspect that half of the shares are owned by about six? People, all of whom will be well known to Mr T. I suspect that most of them are not desperate for cash. I am hoping that they want to see the company grow into a UK success story and will hopefully vote together to allow SRT to stay independent. If these few shareholders take this view, they would in effect be the ‘SRT family’. The shareholding profile of SRT makes this a very unusual company and will present a difficult takeover target. This company will not be sold off on the cheap.
amt: RNS Number : 5692F SRT Marine Systems PLC 10 March 2020 SRT MARINE SYSTEMS PLC (AIM: SRT) ("SRT" or the "Company") Trading update SRT Marine Systems PLC (SRT), a global provider of maritime surveillance, monitoring and management systems, today announces a trading update for the current financial year ending 31 March 2020. Following recent advice in respect of Middle East system contracts with an aggregate value of GBP65m that contracting process formalities were now complete and the contracts scheduled for signature and commencement during March, the Company has received formal written notification, confirming the status of the contracts, but also that their expected signing and commencement date will likely be delayed. The reason provided by the customers for the delays are related to their governments' response to Coronavirus which is requiring them to immediately and unexpectedly reprioritise their short-term operational focus, combined with expected restriction of movement of goods and people. The initial contractual milestone deliverables relevant to the current financial year are the GeoVS data centre systems, which would be required to be delivered within the first few weeks of the contract signings and generate approximately GBP14m of revenues. The balance of the system will be delivered across multiple milestones of various values over an 18 month period. However, because of the expected delay, the first milestones are now expected to be completed and their associated revenue recognised in the next financial year which commences on 1 April 2020. The effect of this change to the current financial year will be to reduce expected year end revenues to GBP17.5m with an expected loss before tax of approximately GBP3.8m. The impact on the next financial year however will be to substantially increase our revenues and we will provide market guidance once these contracts are signed.
countryman5: ATON stands for 'Aid to Navigation'. The SRT product allows existing marker buoys to be upgraded to transmit electronic signals to either passing vessels or back to the mainland. Traditionally these buoys have carried a marker lantern but AIS now gives these floating platforms a whole new meaning. The SRT Environmental System will allow authorities to have a turn key solution enabling them to monitor a vast amount of information. The SRT system will provide the monitors and back up which can be viewed at numerous locations. However, of equal importance will be the sharing of information to passing vessels. It appears that the SRT ATON is the best in class. This is because of its very low power consumption but also because of SRT's AIS reputation. Power usually comes from solar panels which are ideal recipients of bird s... Historically SRT just provided the AIS transponder. It has now moved into being a 'systems provider' with enormous financial potential. Likewise the rolling out of the 'Environmental Systems', based on the ATON, will allow the company to massively grow its turnover. The beauty of the ATON is its ability to feed back signals from numerous feeds. It can measure the changing distance below a bridge as the tides change. It can report the failure of a beacon. It can monitor the water for saline content or pollution. It can measure barometric pressure and wind speed / direction. The list of potential feeds is endless. However, SRT will be the key holder and all of these feeds will have to be processed by SRT who will require a fee every time a different feed is added. SRT will in effect hold the crown jewels as this technology is rolled out around the world. It is not just ports and sea faring channels that will need this technology, it is also all of the world's inland waterways. At some stage the market is going to wake up to the unique position of SRT in a global market. The shares are tightly held and I suspect that there are institutions which would like to obtain a 5% stake. How are they going to get on board?
countryman5: I get the impression that the ATON market is starting to catch on and SRT appears to be the preferred product of the two major buoy makers. Sealite is an Australian company. If you visit their website and go to products and then go to connectivity, you can see the SRT ATON being featured. The other major player appears to be Tideland, which is part of the Xylen group. If you visit the Electronic Aids, AIS section they have the SRT product listed as the V20 informer. I am expecting SRT to launch their own environmental systems business at some stage. This has the potential to be a major plank of SRT going forward. There are so many feeds that can be attached to the buoy and the ATON transmits this information to any passing ships.There are other ATONS on the market but I understand that the SRT kit has a very low power consumption.
homeboy: this simon thompson update is a piece of blind foolishness, he must still be heavy into this and is trying to prop it up, it looks like a copy of the equally flawed fincap update, which in turn was fed likely direct from srt post virus, which at this stage is still in early stages for uk and most of europe, the fallout will become apparent with widespread ravaged economies, it is highly likely there will be a recession and not a technical one, but a real one, hopefully it will not tip into a depression expect small business carnage and bankrupcies galore, well capitalised companies will survive but will also suffer against this backdrop, i doubt if normal day to day core purchases of ais equipment will be a priority for anyone governments dealing with their own financial fallouts due to this virus are unlikely to be signing contracts with srt as a matter of urgency just to fullfill the wishes of disgruntled shareholders, mdm contract signings are probably not in their priority list. if signings do eventually resume, i'd pencil in months and not weeks for the delay periods further, the actual implications on home turf for srt and it's employees regarding any illnesses has not been factored in here yet either, localised business disruption at their home building is still very likely the implication of this virus is fast moving, changing and grim at the next reporting period, another set of grim figures is very likely srt are going to be using their overdraft facility and must be running at close to £8 million currently or more to run the business, a £10m facility dont last that long even if a few receivables are due in this is not a simplistic binary situation of - middle east country signs equals good, the background economy is getting trashed, even good companies will struggle and srt is not that solvent, it should be viewed as higher risk i notice even at these depressed prices that srt is still at a market cap of +40m, it used to be roughly a penny per million prior to the constant dilution that has taken place here over the years srt have been consistent in their disappointments, i think you're still going to have a few more, imo
Srt Marine Systems share price data is direct from the London Stock Exchange
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