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
  -1.75 -6.19% 26.50 134,627 12:08:39
Bid Price Offer Price High Price Low Price Open Price
25.00 28.00 28.00 26.50 28.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 20.56 3.18 2.43 10.9 41
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:58 O 1,789 27.39 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-03 15:24:5927.391,789490.01O
2020-04-03 15:17:1627.392,000547.80O
2020-04-03 13:09:4627.393,059837.86O
2020-04-03 12:39:1427.392,200602.58O
2020-04-03 11:31:1527.394,3621,194.75O
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Srt Marine Systems (SRT) Top Chat Posts

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 28.25p.
Srt Marine Systems Plc has a 4 week average price of 23p and a 12 week average price of 23p.
The 1 year high share price is 56p while the 1 year low share price is currently 23p.
There are currently 154,843,919 shares in issue and the average daily traded volume is 180,047 shares. The market capitalisation of Srt Marine Systems Plc is £41,033,638.54.
countryman5: Is the year end (End of March) significant for the Company or the share price? In terms of the future prospects for the company the date is irrelevant. However, some people are fixated with the date because of the end of year figures, which is a tool to define the share price. We know that there are three ME contracts nearing delivery and if any significant revenue from either of these lands before the year end, or does not, it will impact the headline figures. The most recent webcast indicated that a major slug of revenue could be received within a few days. I get the impression that the most imminent contract would have the high profit software and screens installed within a few days and this could deliver possibly £10 million of turnover (The high margin part of the contract). I suspect that if one was to visit the warehouse the first stage of the contract is all packaged and ready to fly out. If this revenue appears before the year end the company will have to advise the market that the year end figures will be way in excess of market expectations and if the revenue is not reported, the company will have to advise the market that there will be an undershoot. How will the market react to either situation? If there is an increase in revenue and a much larger increase in profit Mr and Mrs Brierwood will be exceedingly well rewarded. However if this revenue now falls into next year , how will the market react? That is an unknown but markets have a way of looking forward. The NOMAD will want to deliver a forecast for next year that it feels safe with. Let us not forget that extra contract revenue can always be added as the year goes by. I suspect that the NOMAD is looking hard at all of the potential contracts and trying to come up with a figure. One thing is for certain. If the impending ME contract does not deliver before the end of March it will then have a stonking effect on next years figures. I suspect that Mr and Mrs B are in a win / win position. Apart from the ME there is a great deal more to come out of the Philippines. We then have the Vietnams etc who are waiting to see how the EU reacts to Philo 2 before the give the go-ahead for their own systems.
yump: Some of the rampers are not as stupid as they seem. Its possible the ramping is there to maintain a share price to enable volume selling from an earlier much lower price. Someone tell me that is unlikely to happen ! Evidence: The number of shares that endure high levels of ramping during the day when the share price is clearly way above what any normal valuation would give. So either all those posters are idiots, or they're up to something else. Or, put it another way. If you chose a 'topical' stock to buy into, to make serious money, how would you do it ? PS Just because you're paranoid, doesn't mean they're not out to get you.
eagle eye: Until GeoVS hit the scene, SRT didn't have a financially viable business model. Some folks might say it still hasn't. Maybe 50p share price (market cap £77.4m) was too rich for a company that only turned over £3.5m in H1. I get the argument. Perhaps some wise folks sold a few. Unfortunately, investment wisdom often only becomes obvious in hindsight. Good to see you here hjb1. You always come out to woodwork when the share price wobbles!
yumyum: 10 Apr 2019 SRT said....''a significant pipeline of sales opportunities of which six, with a value of approximately GBP212m, we hope to formally contract during the course of the next 12 months. Each of these six near term pipeline opportunities have an expected implementation period post contracts being signed of between 6 and 36 months and the opportunity for recurring satellite data revenues and further system contracts in the future'' 19 Nov 2019 SRT said....''During the first half the value of potential contracts in our VSP has increased to approximately GBP580m.... Of the overall VSP, there are six specific projects in SE Asia and Middle East with an aggregate value of approximately GBP300m which we are confident are nearing the point of contract.'' According to 10th April statement then SRT has 3 months to sign £212m of orders....or maybe more if the 19th November statement can be read that way. Some explosive share price action in the near term then (if SRT are to be believed this time....). Best wishes for a super 2020.
eagle eye: It all depends on your timescale and expected outcome. To be fair, SRT told us well before Simon Thompson published his article. Top slicing is fine, but if you believe SRT could deliver pre-tax £20m over the next few years with corresponding EPS of 10p, then there could remain plenty of upside. SRT does have a poor history of delivery against market forecasts and the order book is lumpy, so good reason to be cautious. However, any sniff of further contract wins and earnings upgrades and the share price could be off to the races. If SRT does succeed in its objective then I'd be particularly pleased, and that extends well beyond just share price performance.
the oak tree: Like most companies SRT will live or die by results, not recommendations / write ups / blogs etc. The point though with this share, at the moment, is the activity achieved by the company is beyond where the share price is. Thats important becausse since the company started in 2005 the share price has been way beyond what the company has achieved ie the other way around. For example even with the recent rise in share price from the postive results its still below the 2005 share price! The hard part now for holders, and especially long term holders ( I only recently bought in) , is to run your profits. So chill everyone and turn off the blogs / recommendations / share price movements and let the company deliver. We will ofcourse still have missed deadlines and deals postponed but don't get pushed out of this. IMHO the hard part is over.
countryman5: When the SRT share price is steaming past £1, people will look back and ask themselves 'Why did I not believe Mr T. Why did I believe HJB?' Then perhaps HJB has been a buyer all along.
yumyum: So....February 2019. SRT share price should zoom with the good contract news RNSs that beckon.
countryman5: Perhaps the UK gov should be offering to help fund Philo 3 on the basis that SRT gets the contract. It would probably get most of its money back via taxation. Ie SRT makes a profit and pays tax. SRT share price multiplies several times and shareholders pay CGT. Good relations, unlike the French, will lead to multiple UK trade deals with the Philippines, post Brexit.
countryman5: I suspect that the company is trying to balance different interests. It wishes to keep the market informed about financial prospects and yet it has to allow its customers confidentiality. It also does not wish to disclose to one customer what it has charged another. I suspect that the recent vague announcement regarding a ME country will become the norm for future major contracts. If I remember correctly, at the 2015 AGM we were told that there was a validated sales opportunity pipeline VSOP(three year)of £200 million. Shareholders reached for the salt cellar. At the 2016 AGM the presentation stated VSOP of £200 million plus an order book of £70 million. Will the company inform the market with regular upgrades of order book and VSOP, rather than stating size of each contract? Just read an article in the Economist about Aadhaar in India. Apparently 99% of indians have an identity number based on their biometric identity. India is clearly ahead of the world with this and we are told that SRT is in the running to supply identifiers on fishing boats to prevent another Mumbai attack and also to control fishing. Could each identifier be linked to the iris of the fishing operator? The world is fast changing and SRT is in the lead with AIS technology. PS. What will be the SRT share price at 8.05 am on June 7th.?
Srt Marine Systems share price data is direct from the London Stock Exchange
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