LSE company dividends information has been updated. You can find this is in the menu on any Quote page. ADVFN team.


Srt Marine Systems Plc

-1.00 (-1.56%)
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
  -1.00 -1.56% 63.00 963,257 16:35:26
Bid Price Offer Price High Price Low Price Open Price
63.00 65.00 66.50 64.00 64.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Communications Services, Nec 8.17 -5.84 -3.20 - 113.83
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 3,000 63.00 GBX

Srt Marine Systems (SRT) Latest News

Srt Marine Systems (SRT) Discussions and Chat

Srt Marine Systems (SRT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Srt Marine Systems (SRT) Top Chat Posts

Top Posts
Posted at 31/5/2023 16:50 by countryman5
I believe there was mention here, sometime ago, about a silicon valley company trying to get into the SRT market. If my memory serves me well they have enormous amounts of cash and operate a leasing model. I believe the UK government has leased one of its units to look across the channel. They are stand alone with CCTV, radar etc. I asked Mr T about them and they do not have any of the integrated fusion of feeds that SRT has. I suspect that they bid for the recent contract and could not compete. Logic would say that they would like to have SRT under their belt. I forget the company name but they will be just one of many that would like SRT for breakfast. However, as has been said many times before on this site, we are fortunate that the company is controlled by a handful of people who probably are not sellers less than £3.
Posted at 19/5/2023 08:12 by countryman5
I believe that SRT has passed the rubicon. It no longer has to chase systems contracts. Countries will be asking SRT for a system. It will not be primarily about price but ‘when can you deliver’. Global fishing and security agencies all talk to each other. Indonesia has just identified itself on twitter as being the latest SRT candidate. Everybody knows the ME country and BFAR is proud to show off its system. I suspect that the World Bank and WWF have inspected the BFAR system and recognise how clever and cost effective it is. It has the potential to reduce IUU fishing and preserve global fish stocks. It provides for fish catch monitoring, identifying location, type and amount of fish caught. It is logical to extend Geovs from harbour to end customer so that the processing trail is monitored. Initially this will monitor temperature of the fish catch but eventually it could include monitoring of fish waste processing and the cleansing of contaminated water. The SRT system will become the gold standard of fish exports to the West. The West will pay a premium for fish with full traceability and this extra premium will fund the installation of the SRT system. The World Bank and WWF will get involved because fishing is so important to so many countries around the world.
I anticipate that SRT will receive a global environmental award for its Geovs system. A photo of ST receiving the award from David Attenborough will be the main picture in an article in the Economist. Don’t forget that ST was a lead speaker at a recent Economist conference on the Oceans.
SRT is increasingly seen as a fast growing and exciting company. The company needs many top rate employees but increasingly these people will be approaching SRT looking for a career.
SRT has been unable to borrow money and has to pay a premium to borrow. I suspect that banks will be willing to lend at competitive rates and SRT will be able to chose between offerings, especially since it will soon be cash rich and looking to lend money to banks.
As SRT’s contracts grow, their demand for CCTV and radar grow, thus giving them better margins with suppliers.
China effect.
Lav flags up the tension with China and the Philippines. I suspect that the US is funding the 500 million usd contract. I also suspect that it will be truncated to 3 years, rather than 10, with another 500 million usd following on behind. The US is looking to create bases in Africa and S America to counter the China effect. It will need SRT systems as part of the package. The US and host country will share the information.
SRT is going to become the poster boy of the AIM market and the institutions will want a slice.

Posted at 18/5/2023 14:35 by pyman


("SRT" or the "Company")

$180m MDA System Contract Signed

SRT Marine Systems plc ('SRT'), a global provider of maritime domain awareness systems and technologies for security, safety and environmental protection is pleased to advise that it has signed a US$180million contract to supply an integrated maritime surveillance and intelligence system to a national Coast Guard.

The signing took place at a confidential ceremony at the coast guard headquarters on Wednesday 17(th) May 2023 attended by the full leadership of the Coast Guard, local government officials and UK Embassy staff.

The project has an expected implementation period of approximately 2 years, followed by a support and data services period of 8 years. The implementation of the system accounts for approximately 85% of the value, with the remaining 15% related to support and data services.

The signing of the contract (which is in relation to the letter of intent that the Company announced on 23 March 2023) was triggered by the completion of a government-to-government project finance MoU agreement, which paves the way for the completion of the project-specific inter-government UKEF supported loan agreement for this contract, which the customer's government is using to finance the project.

The contract will deliver a state of the art national scale implementation of the SRT-MDA System integrated maritime surveillance, intelligence and command & control system. The system will integrate multiple coastal, vessel, drone and satellite sensor systems within a network of fully connected command centres. Operators will benefit from our proprietary analytics and visualisation technologies that enable enhanced vessel and event detection and characterisation across the customer's entire marine domain and thus a high level of maritime domain situational awareness.

Simon Tucker, CEO of SRT Marine Systems, commented:

"The SRT-MDA System will enable our customer with exceptional, fully autonomous strategic and tactical maritime surveillance and intelligence that places it amongst the leaders globally in this capability area. We expect them to reap numerous benefits that include environment protection, improved safety, security and prevention of illegal fishing, all achieved with a high level of efficiency and effectiveness resulting from the system. We look forward to a long relationship with our expectation of this being just the first of many contracts in the years and decades to come."

Posted at 18/5/2023 08:58 by the oak tree
Yes its looking a lot more real. What great news. The 180m dollars is over 2 years which isnt long to weight either.

Well done to the Co not leaking this info of the actual signing too much. They had quite a list of epople at the confidential signing , so often one just seeing the share price going up, or down, and then the annoucment happens. Not this time - well done SRT.

You know - if you think of the confidence other coastguards will get from seeing this deal and SRT, I think we can say this annoucement is massive for SRT.

Posted at 18/5/2023 07:23 by countryman5
Congratulations to Simon Tucker and all the team at SRT. includes the shareholders, Neil, Richard,Louise, the directors and many more. However it is Simon’s determination and vision that has got us here. I remember the story of Louise visiting a farmers market and buying lots of pots of jam. She took them home and soaked them in the bath to remove the labels, before adding on SRT labels. The pots of jam were put on the seats for the AGM. The message for shareholders was that the jam is coming. Today the jam has truly arrived. I think of a wedge of cheese as the food representing SRT. The wedge represents the SRT graph of sales and share price. Today we are looking at the ‘nose’ of the wedge, with tremendous growth to come. Today’s news is truly impressive, but there is so much more in the pipeline. Once a Country locks into SRT, there is a never ending stream of work to follow on as they continue to upgrade their systems. Achieving the initial contracts has been very hard work, with hours and hours of flying time. However, delivery is probably even harder. The headcount stands at about 100 but probably needs another 25 people. It is an enormous task to find and train such talented people. SRT has a reputation for a unique quality offering, but it also has a reputation for service. The company is dealing with global countries, which are very demanding customers.
Well done Simon Tucker.

Posted at 02/5/2023 07:38 by countryman5
Mere speculation.
The US and the Philippines have been discussing a Vessel Monitoring System (VMS)to cover the Philippines, for some time. The US is going to fund it but wants to have access to all of the information. The US wants the first stages to focus on its proposed bases in the north of the country, looking out towards China and Taiwan. President Marcos knows the strength of his position and wants SRT, rather than a US system. In reality. the CIA knows that the SRT system is the best. It has first hand experience in Bahrain and knows the BFAR system and its potential.
At some stage the CIA will be wanting to strongarm SRT on price. It will want to supply CCTV, radar and satellite at cost. It also recognises that it needs the SRT system in numerous locations around the world, where it is trying to push back against China. This includes SE Asia, Africa and S America. I suspect that the CIA knows EVERYTHING about Mr T and SRT. It probably reads this BB! It is only a matter of time before a US entity buys SRT, unfortunate though that would be.(Perhaps China might try to buy?) Don't sell out for thirty pieces of silver. The price must begin with a 4, and I don't mean 40p!

Posted at 25/3/2023 10:54 by lavalmy

I do in fact know who the bank is and they have a substantial UK footprint both retail and business. I would guess that there may be more than a handful and less than 10 banks involved in this sort of business in the UK. So that £3-4 billion of appetite for actually providing the money to the country in question equates to say £400 million each. I doubt if the lender in question would syndicate the £145 million but it would be moot, due the concentration risk of 36& on one contract. Both the insurer and the lender have to be absolutely sure that the contract is squeaky clean, so there was never any question of short-cutting the mandatory tendering processes. And as for amt's point, this LOI and waiting period for the loan documentation have been known for some time and all is proceeding according to schedule. No-one will start work on the loan paperwork until the LOI is signed. Why would they if there were four potential bidders?

With the business of the cheque, at least one poster here know of the practice by that customer and SRT should have been aware that they operate in this manner. It is a post-dated cheque, so it is not that it is slow to be processed. The customer allegedly gets offended if these things are factored, so SRT and LGB seem to have come up with a system to liquify some or all of the value of these cheques via the 12% scheme, none of which bonds are quoted at the Bermuda Stock Exchange. We don't know and the customer doesn't know anything about this. I hope that SRT prices this into any further work for this customer.

As for the other mentions of £50 million in annual increments, I strongly suspect that is indeed the PCG. The other £150 million is most likely the next phases of the IMEMS project for the BFAR. The World Bank and the country are financing the latter, but who knows how the PCG stuff is being paid for.

Posted at 23/3/2023 07:15 by countryman5
An abundance of congratulations to Mr T and his team on securing this latest systems contract. I doubt if many shareholders understand the enormous amount of time and effort that has been required to secure it. These global contracts do not just happen. The concept of the SRT technology must be tediously explained to numerous officials, who are all concerned about making the right decision.
Although the contract is major news, there is another story here. This contract appears to have been awarded without a competitive tender. The Indonesian authorities would have conducted an enormous amount of due diligence on other options and then concluded that only the SRT system had the potential to deliver an effective and economic solution.
Such a decision will send shock waves through the other companies who had considered themselves in the running for such a prestigious contract. It will also send a strong message to other countries seeking to monitor their own maritime domain.
If you stand back and look at what Mr T and his team have achieved, it can only be described as incredible. They have taken on global contractors and won in decisive style.
Let us not forget that winning the contract is just the beginning. Delivery is the hard slog. SRT has acquired a reputation for timely excellence, not only for its product offering, but also for its service of delivery.
SRT’s success is partly due to the selection of its ‘in country partners’. These are the sub-contractors who deliver the electricians / engineers on the ground. However, the substantive amount of this success is due to the drive and focus of the CEO, who selects and manages the team.
Where to from here?
There will be a requirement for a great deal of finance at the initial stages of these contracts. They are designed in delivery stages, with the very profitable software being at the beginning. This provides the cash flow to support expensive radars and CCTV etc. However, the UK export guarantee should underpin any other finance required going forward.
SRT operates on generous margins and as soon as substantial cash reserves have been acquired, after repaying debt, the company will be generating vast amounts of cash.
I regard the company as being at the beginning of an exciting journey. The validated sales pipeline gives an indication of systems contracts, in the near future. We have the Emtrak brand, which is now gaining traction, with sales growth anticipated this year at being in excess of 50%. The company now has the resources to deploy dedicated salespeople around the globe, especially N America. Nexus, after several years of development, is nearing its launch date. Digital ATON is also in the early stages of deployment, but has enormous potential around global waterways, canals and ports. I look forward to hearing about their deployment on the buoys in the Suez and Panama canals.
Geovs has evolved into a very sophisticated piece of kit, which sets it apart from the offerings of other companies. However, I suspect that it is a work in progress. Currently it allows fishermen to download on their mobile phone, details of their fish catches and locations. This is then transmitted, by their transceiver, to the central data base. My understanding is that they link their phone to a harbourside device which verifies their offloaded catch with the details they forwarded via their transceiver. This system works, unlike attempts at CCTV monitoring.

Posted at 09/3/2023 12:25 by yumyum
Meantime...back at the ranch called 'Zero Systems Contracts'...

In a month or so....3 by Xmas...perhaps truly imminent. We can certainly say on hindsight that they were all utter and complete pie in the sky. Again on top of again on top of again. Of course there are reasons but huge incompetence/ignorance from SRT somewhere along that line.

Maybe it will actually be the nuts and bolts side of the business that drags SRT into a higher share price valuation. I think the company is worth far more than current valuation just on that side of the business. Basically I am postive but amazed at SRT's decade-long (?) over-optimism on systems contracts realisations.

Posted at 09/1/2023 17:44 by lavalmy
I am still quite intrigued about Mr Hurd's exercise of his share options.

Economists often include the heroic assumption that man is rational. Let us hope that our finance director approaches that ideal more closely than the average. Mr Hurd had to fork out £100,000 in cash and had the prospect of the difference between the market value and strike price being taxed as income, payable via PAYE, or £40-50k more when he did exercise the options at more or less the last possible moment before they expired. He also did not sell any to meet the tax liability which was mentioned here at the time.

In September, when the share price was in the dog house, he didn't exercise these options. There would have been negligible amounts of tax to pay and any subsequent gain on the difference between the strike price and his actual exercise price in Decemeber would have been taxed only at CGT rates (and no NI) at a time of his choosing. So either he didn't have the cash in September or he did but thought that the shares might get even cheaper or he got hold of the cash in December just in time to pay a lot more for his shares.

If we assume the latter, then the question is why didn't he sell some of those shares to meet his tax liability? Is it because he expected the share price to rise substantially?

Srt Marine Systems share price data is direct from the London Stock Exchange
Your Recent History
Srt Marine..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |

V: D: 20230602 16:34:04