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| 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
|
|
|---|---|---|---|---|---|
| 0.25 | 0.55% | 46.00 | 226,833 | 16:35:15 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 45.00 | 46.50 | 45.75 | 45.75 | 45.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Communications Services, Nec | 30.51M | 69k | 0.0004 | - | 88.05M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:15 | UT | 8,000 | 46.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/12/2023 | 10:05 | UKREG | SRT Marine Systems PLC Issue of Equity & Total Voting Rights |
| 20/11/2023 | 14:17 | ALNC |  EARNINGS AND TRADING: Active Energy notes Ashland delay; MTI profit up |
| 20/11/2023 | 07:00 | UKREG | SRT Marine Systems PLC Half-year Report |
| 15/11/2023 | 12:31 | UKREG | SRT Marine Systems PLC Issue of Equity & Total Voting Rights |
| 06/10/2023 | 08:30 | ALNC | SRT Marine Systems expects swing to half-year loss as waits for growth |
| 06/10/2023 | 06:00 | UKREG | SRT Marine Systems PLC Half Year Trading Update |
| 19/9/2023 | 12:44 | UKREG | SRT Marine Systems PLC Result of AGM |
| 13/9/2023 | 06:00 | UKREG | SRT Marine Systems PLC Live Webcast & AGM Update |
| 12/9/2023 | 09:26 | UKREG | SRT Marine Systems PLC Issue of Equity & Total Voting Rights |
| 29/8/2023 | 15:40 | UKREG | SRT Marine Systems PLC Issue of Equity & Total Voting Rights |
Srt Marine Systems (SRT) Share Charts1 Year Srt Marine Systems Chart |
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1 Month Srt Marine Systems Chart |
Intraday Srt Marine Systems Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/12/2023 | 15:01 | SRT Revenues-Future Opportunities & Drivers (SRT) | 13,768 |
| 10/7/2020 | 08:17 | Software Radio Technology-global AIS growth company | 9,355 |
| 17/3/2017 | 14:28 | dickie3times | 6 |
| 13/8/2016 | 12:28 | Software Radio Technology | 6,306 |
| 14/12/2015 | 20:37 | Listener tip of the week is an award winning tech small cap with, "50% upside" | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-08 16:35:15 | 46.00 | 8,000 | 3,680.00 | UT |
| 2023-12-08 16:21:03 | 46.40 | 758 | 351.71 | O |
| 2023-12-08 15:14:30 | 46.40 | 752 | 348.93 | O |
| 2023-12-08 14:59:38 | 46.40 | 4,297 | 1,993.81 | O |
| 2023-12-08 14:21:06 | 46.19 | 2,500 | 1,154.70 | O |
| Top Posts |
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Posted at 08/12/2023 08:20 by Srt Marine Systems Daily Update Srt Marine Systems Plc is listed in the Communications Services, Nec sector of the London Stock Exchange with ticker SRT. The last closing price for Srt Marine Systems was 45.75p.Srt Marine Systems currently has 192,457,939 shares in issue. The market capitalisation of Srt Marine Systems is £88,049,507. Srt Marine Systems has a price to earnings ratio (PE ratio) of 1143.75. This morning SRT shares opened at 45.75p |
Posted at 04/12/2023 09:33 by yump That deep pocket comment could apply to any SME in growth phase with working capital demands.You can say goodbye to any benefit from SRT share price growth if it gets taken over. Surely thats not what you want - unless you bought all your shares at 50p. Don’t know what you mean by the cliche of “global footprint”. Surely SRT has enough of a global footprint. “IF” governments were signing up rapidly for systems and SRT couldn’t physically meet demand, that might be different. Where are all the contracts being given to competitor systems, because another business has a global footprint ? How much more global can SRT get ? If they were losing contracts because clients weren’t confident in their ability to deliver, that might be different. However a larger business would still have to scale up. The possibility of being invested in a substantially more valuable business like SRT carries investor risks. I certainly didn’t invest in a small company to see it taken over. |
Posted at 01/12/2023 11:18 by countryman5 As we approach the end of the first financial year providing a substantial profit, it is a good time to take stock of progress and any potential weaknesses. This year’s systems revenue forecast is based on signed and announced contracts.The company is led by a very able management team, which is focused on the way forward. They have developed a range of AIS transponders which are global leaders, with a reputation for quality. Some of the AIS components are incorporated as OEM modules in various maritime brands, such as Raymarine, but increasingly the SRT branded EMTRAK is driving sales via over a thousand dealers, worldwide. The recently launched DAS products fit onto buoys and have enormous potential where they deliver and receive AIS signals to assist the management of ports and waterways around the world. The next product to be launched is NEXUS. This is considered to be a revolutionary development by linking voice communication with AIS. The company has various revenue streams including transceiver and system sales to an increasing number of Countries for both coastguard and fisheries departments. These customers are ‘sticky’ This is a fast-growing company which needs financial resources to fund ever larger contracts. One contract has the potential for being $1 billion. The company has access to two UK banks but these are reluctant to lend money without collateral. Some funding has come from the issue of new shares and also borrowing from a group of private investors. The most recent contract for £145 million was underwritten by a loan agreement with the UKEF. The transceivers business has good YOY growth, but the dramatic growth is coming from the systems business, with an increasing number of countries needing SRT systems. It does not appear that there are any effective competitors for these contracts, but other companies are looking to compete. The other option for them is to buy SRT!! SRT is unusual with its shareholder base. There are no institutions with over 3% but there are 6 or 7 shareholders who control over 50% of the stock. I understand that the CEO has a close relationship with these shareholders and knows their thoughts on a possible takeover. Where to from here.? I am sure that the CEO has a pretty good road map but some of this growth will be restrained by cash. The company currently focuses on surface water activities but the countries buying the SRT system will increasingly want to monitor activities just above sea level (drones?) and beneath sea level (submarines?). Can SRT address these markets? If the company believes that it must make some quantum leaps in moving forward, would shareholders support a strategic partner taking a possible 20% stake in the company? If this were to be considered, there would need to be synergy with the product offering of the proposed company. Many of the coastguard contracts offer the potential for patrol boat / armament suppliers. How about a company which could monitor activities above or below sea level? If a cash rich company is interested in taking a strategic stake, shareholders, especially the few major ones, would need to buy into the offering? Would major shareholders accept 120p a share to a allow for the necessary dilution? |
Posted at 20/11/2023 21:33 by countryman5 Investor Chronicle (continued)Furthermore, Tucker noted that thousands of fish farms in the EU will require tracking and monitoring using aid to navigation (ATON) systems from 2024. The device is external to a vessel and assists navigators in determining their position or safe course, or to warn them of dangers or obstructions to navigation. SRT has appointed a dedicated salesperson to work on the growing global market opportunity for its high-margin digital ATON systems, which provide specialist navigation devices for buoys and infrastructure. It’s already bearing fruit as Tucker revealed to the IC that SRT has issued quotations to potential clients that have a contract value of £15mn. True, the transceiver business has a seasonal second-half bias. However, factoring in underlying market growth and incremental demand from new product launches, it’s reasonable to expect the unit to deliver 26 per cent growth to achieve Cavendish’s full-year revenue estimate of £15.1mn. Moreover, with shipping of SRT’s new NEXUS VHF/DSC radio system (allows digital information transfer not just voice) slated for autumn 2024, and SRT entering the lucrative US market, Cavendish expects divisional revenue to surge by more than half to £23.2mn in the 2024-25 financial year. A soft launch of the new product is already generating solid orders. Growth opportunity undervalued Based on Cavendish’s maintained forecasts, SRT’s shares are rated on a price/earnings (PE) ratio of 10 and enterprise valuation to operating profit multiple of nine times for the 12 months to 31 March 2024. Both earnings multiples fall to only six times in the 2024-25 financial year when analysts expect revenue to increase 48 per cent to £105mn and pre-tax profit and earnings per share (EPS) to rise by more than 60 per cent to £11.8mn and 6.2p, respectively. Importantly, the business is well funded, having drawn down £7.7mn of a £40mn loan note facility with LGB Capital Markets solely for working capital purposes. Net debt of £5.7mn should reduce to £2.2mn at the financial year-end (31 March 2024) with the benefit of the second-half operating cash flow. Cavendish forecasts net cash of £3.6mn on 31 March 2025. So, with the contracted order book materially de-risking second-half revenue and earnings forecasts, I feel the share price pullback since SRT raised £5.4mn, at 50p, in a placing and released better-than-expected annual results (‘This stock has a very low rating and a growing order book’, 27 July 2023) is worth exploiting. Buy. |
Posted at 14/10/2023 19:00 by hedgehog 100 From the Tan Delta Systems Admission document, 11 August 2023:-"Simon Richard Tucker (53) – Non-Executive Chairman Simon is Non-Executive Chairman of the Company, having joined and invested in the Company in 2011. Simon has extensive experience of building and scaling technology based international companies and is currently Chief Executive Officer of AIM quoted SRT Marine Systems plc which he has grown from a market capitalisation of £24m to over £100m." SRT closed for the weekend yesterday at 45.2p, up 2.2p (5.12%) on the day. That's just 9.2p (26.3%) higher than its IPO price nearly 18 years ago:- 02/11/2005 08:00 UK Regulatory (RNS & others) Admission to AIM LSE:SRT Srt Marine Systems Plc "Software Radio Technology plc ("SRT" or the "Company") was today admitted to trading on AIM in conjunction with a placing which raised £4.04 million (before expenses). The market capitalisation of the Company at the placing price of 35p per share is £24.17 million. The ticker for the ordinary shares is "SRT". ..." Though interestingly, its market cap. has more than trebled since then, to £86.98M. SRT Marine Systems (SRT):- |
Posted at 11/10/2023 07:26 by davebowler Master Investor-SRT Marine Systems (LON:SRT) – Take Immediate Advantage Of The Share Price Fall And Average Now A few weeks ago, I waxed lyrical about the potential for this global maritime surveillance, monitoring and management systems provider. My timing was wrong and I have egg on my face! But my opinions are now even stronger. Last Friday morning the group declared its Half Year Trading Update to the end of September, showing a £5.5m revenue to be expected, while it will see a pre-tax loss of some £4.5m. Now we know why the shares had been slipping away last week ahead of the announcement. They were down 7% last Wednesday on the back of some 530,629 shares traded on the day. I wish I had known, otherwise, I would have withheld my strong push on the shares on Wednesday 13th September, declaring them a ‘Stonking Purchase’. Of course, if I had known that certainly would have been a case of ‘Insider Information’. However, they fell back to a 38.5p low on Friday after the news, which was quite a shock. By the close of trading some 1,409,216 shares had changed hands on the day, which is some 4.7 times the average daily dealing volume. The shares closed at 41p, off 7p on the week, which was a disappointment, but only in the very short term. In just over a month’s time, on Monday 20th November, the group will be presenting its actual interim results, at which time I would imagine that a strong operational report will help to show investors just how much of a little cracker this company really is, especially at only 41p. I refer readers to my previous Profile description on 13th September to see just what the company does for a living and also what its prospects are going into next year. On Friday boss Simon Tucker informed shareholders that: “For the first time we benefit from a substantial contract order book of £160m, with well-formed implementation schedules which in turn provides much improved financial reporting visibility and thus confidence for this financial year. Of course, this scale of growth and the nature of our customers are not without timing risks and challenges, however our many years of experience and diligent preparations during this period are enabling us to manage and mitigate these risks and continue to be the reliable supplier of transceivers and surveillance systems that customers around the have come to expect from SRT.” Analysts Kimberley Carstens and Michael Hill at Cavendish Capital Markets, the group’s brokers, commented that they continue to look for 100p a share as their price objective. They went on to note that their FY24 and FY25 forecasts were reiterated, with the group remaining on track for end March FY24 forecasts of £70.9m revenue and £7.4m pre-tax profits, generating 3.8p per share in earnings. Based on a conservative number of milestone equipment deliveries as part of the £160m forward contract order book, they note that the timing of revenue is dictated by the delivery of specific project milestones and therefore by the project delivery schedule. The 1H24 has been a significant period of preparation in advance of subsequent deliveries (and revenue milestones) in the second half. They stated that management expects continued progress on SRT-MDA Systems contracts characterised by lengthy contracting processes. Their estimates for the year to end March 2025 are for £104.8m in sales, £11.8m adjusted pre-tax profits, worth 6.1p per share in earnings. Come November, further details on current contract hopefuls could well see observers upping their expectations for the next few years ahead. The prospects pipeline is worth some £1.4bn, so just a slice would be highly meaningful for the group going forward. Based upon such broker estimates and while the shares are looking so much lower in price, I really would suggest that holders should take advantage and double up holdings. If you don’t already own the stock, then just look at the mid-September Profile and easily convince yourselves that the shares offer an excellent growth opportunity. (Profile 14.09.20 @ 39.5p set a Target Price of 50p*) |
Posted at 08/10/2023 06:36 by countryman5 I think the 'market' and possibly some on this board, do not understand the SRT model.Once a Country locks into a SRT system, all future contract extensions are obliged to come via SRT. Everything has to go through Geovs. It could be argued that SRT should install the first contract at a loss, in order to lock into future contracts. However, Geovs is so unique that Countries need the SRT system. A ME Country is just completing stage 1. We are awaiting sign off on stages 2 and 3 ($35 million ?). The next stage might be $100 million??? for radars and then there is satellite feeds and maintenance contracts. Have they got military grade CCTV on all of these towers? There will always be upgrades and they will all have to go via SRT at SRT's price.My understanding is that there are detailed discussions between the UK government and SRT's new bank and a SE asia Country that has signed up, in principle, to a UKEF supported contract of £145 million. I suspect SRT's directors, together with major shareholders, have been put under the spotlight, with regard to this funding. It is all part of the money laundering process. However, once this process has been completed, future UKEF support for other contracts should be straight forward. I note in this weekend FT a half page advert by H M Government 'Made in the UK, sold to the World'. The advert invites exporters to apply for UKEF support. Visit great.gov.uk/trade-f It would appear that SRT is a UK gov 'Blue eyed boy'. If UKEF funding is readily available, this will underpin finances going forward. Banks will be more than willing to lend on contracts to foreign governments which are underwritten by UKEF. Likewise suppliers of electronic kit will be offering generous discounts and credit terms in order to be the SRT preferred supplier. Equally important is that Countries will have confidence in signing contracts with SRT, if they know that the UK government is underpinning the finances. In the unlikely event that SRT should ever be taken over, Countries know that there will always be Geovs. |
Posted at 20/9/2023 19:15 by eagle eye Here is a summary of the discussions held between myself and the SRT team at the Open Day yesterday.SRT is forecast to take turnover from $30m to £100m over the next two years. I was looking to understand how SRT was managing such explosive growth. The AGM Presentation is available here: There are now around 110 staff, plus about 10 vacancies. SRT have employed an HR consultant and she has provided professional help and guidance beyond the traditional HR function. She has advised on the company structure, the reporting lines, and how to target and recruit the right people. Whereas the SRT management model has been lean and flat, it has now developed a tier 2 to provide backup and support to tier 1 senior staff. As an example, price and quotations were previously done by Simon Tucker or Francois Debroux, but is now done by a dedicated specialist team, which now frees time up for Simon and Francois to concentrate on what they do best. I spoke with Neil Peniket about recruitment and if SRT has been able to attract high quality talent in senior roles. As Neil points out, SRT aims to employ people who top of their game and who hit the ground running. Among others, Thomas Brightwell has been with the company three months and now heads Nexus development and Simon Clarke now heads up the delivery team. There is also a new head of DAS, which is detailed below. I had a very informative discussion with Shaun Horn who is head of transceiver development. A huge amount of resource has been dedicated to Nexus development and SRT have around 50 staff in R&D. Five staff are in testing, which is soon to be expanded to six. Shaun stresses there is no compromise of quality at SRT. I caught up with Louise Coates to discuss DAS, or Digital AtoN System. SRT has recently appointed a full-time person to lead this division. There was a display stand of the latest AtoN kit and SRT see this division as having high growth potential. I asked about the lead times on components and have been told that as of this month everything is back to pre-covid normal with no premium pricing. Finance. Richard Hurd believes Cavendish (previously FinnCap) revenue of £71m and corresponding EPS of 3.9p is realistic for the FY to March 24. Core overhead is running at £14 -15m for the current year. Stage payments from the recently signed contract are required to hit forecast and this is expected in Q4. Several Directors confirmed confidence, but shareholders will be well aware of timing risk. Margins should be better than expected as component prices have normalized, plus extended payment terms on large capital items could reduce the working capital requirement. UK Export Finance is being set-up between SRT’s customer and Santander. Apparently the country, UKEF and Santander have a had commercial dealings before which is seen as reassuring. Once stage sign off occurs, payment should be within five days. New System Pipeline. Please see AGM presentation p11. Following conversion of £180m (£40m+£140m) contracts over the past 12 months, the near term pipeline now stands at £380m. £260m is expected to be follow on business from existing customers, plus balance of £120m from three new customers. Kenya is new on the block and it would like the project to commence in 2024. SRT has pushed this into the £1.02bn medium term pipeline as delivery in such a short-time frame is unlikely. I spoke at length to Francois Debroux (Sales Director-Business Development) about the recent £140m contract win. He first made contact in 2018-2019 and it has taken 5 years to sign. It takes a long time to build customer trust, plus finding a trustworthy and reliable in-country partner isn’t an easy task. It’s very educational to hear what happens at the coal face in reality. A model of Nexus was on display. Price point £1500 approx with soft launch at METS in November. SRT looking to produce an ‘Apple’ quality product. There was mention there should be no latency between the mobile device and Nexus. Initially it will be launched under the Emtrak brand, but OEM’s will be looking to launch under their own brand/label. SRT’s website is having a major upgrade in the next couple of months, so keep your eye out for that. Thank you to all staff who gave their time and information so freely. The cakes were as brilliant as usual! Best wishes Eagle Eye |
Posted at 19/9/2023 05:12 by carcosa Lavarmy,Am guessing you are new to IBKR? SRT is traded on the SETSqx market, Segment ASQ1. As such IBKR can only deal during the auction periods starting at 08:50, 10:50, 13:50 and 16:30. I presume you tried to make your trade after 14:00. In combination with Level 2 data you will often be able to trade well inside the spread and occasionally buy/sell at a much better price than available via the market makers, but you need a matching buyer/seller at the time or else you are unlikely to make the trade at all. All of the trades that everyone makes during auction periods are rolled up into one trade announcement under the 'UT' flag. As UT trades are an automated matched trade between individual buyers/sellers and outside the scope of market makers their significance to the wider market should be ignored. Occasionally the poorer quality websites make a hash of including the end of day auction price as the closing price of the day so sometimes you will see the share price going down say 5% at the end of day when it been flat all day. The next day the share price opens up 5%. The more experienced investors know this is because the last UT trade is erroneous in terms of pricing and rightly say it should be ignored. In more liquid shares that are usually traded on SETS then you can buy/sell immediately or at least get your order on the order book at the price you decide which can be matched throughout the trading day if the market moves toward your price. Downside of trading only during auction times is that if there is a very large negative price movement then selling your shares is difficult. As a rough rule you may have to submit a price 15-20% lower to the prevailing (lower) price so it does tend to force you to hold on to the share. |
Posted at 14/9/2023 08:10 by davebowler SRT Marine Systems – These Shares Could DoubleBy Mark Watson-Mitchell 13 September 2023 6 mins. to read SRT Marine Systems – These Shares Could Double It is rare that I would feature a company currently rated on almost 170 times its historic earnings – but this company certainly passes my future growth test. That growth means that its rating will drop significantly in this current year, before falling to real value next year. The declared mission of SRT Marine Systems (LON:SRT) is to help solve the global issues of maritime safety, security, and sustainability. It is operating in a very strong growth sector and its potential for winning new business is immense. I have successfully set Target Prices for the company twice before and I do believe that its shares could now progress to more than double today’s price. The Business Globally there are 26m vessels, 1.6m km of coastline and thousands of major ports. Today, 90% of global trade by value relies on this vital infrastructure to be transported from one place to the next by sea. SRT develops sophisticated wireless communication technologies, products and services that significantly enhance the safety and security of the global maritime domain. In recent years, a new technology called Automatic Identification System (AIS) has been introduced by the International Maritime Organisation and adopted globally as the standard maritime domain information technology system. This sophisticated and complex mesh network technology enables the precise identification and monitoring of all marine traffic as well as a platform to communicate other information and services applicable to the marine environment. The company has deployed its internal wireless communication development abilities to create a range of AIS technology and product solutions which marine electronics companies can use to create their own unique AIS products. Over the last decade, it has invested heavily in the creation of a wide range of best-in-class AIS products and a global network of customers each with their own established brands and sales channels. SRT develops and sells a range of core technology modules and standard OEM products to existing marine electronics companies who wish to have their own AIS product range. Market applications for the products range from leisure through to commercial and homeland security. The group is the global leader in Automatic Identification System (AIS) based maritime domain awareness technologies, products and systems. AIS is used around the world to enhance maritime domain awareness (MDA). Its target market is the world’s vessels, the millions of buoys and the tens of thousands of ports dispersed across millions of km of coastline and over 370m sq. km of seas, lakes and inland waterways. Today the principal activity of the group is the development and supply of integrated maritime surveillance, monitoring, management and safety systems used by coastguards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain. It provides high performance proven turn-key MDA solutions for applications for vessels, ports, environment agencies, fisheries, and coast guards that deliver enhanced monitoring, surveillance, safety and security. Its strategy and business model is to address MDA market segments using a small set of innovative core technologies, and products and systems, which can be combined and customised into multiple product configurations and types, each of which address different MDA market segments. The company is doing that through the development and application of innovative advanced digital technologies, products and integrated systems that deliver a new level of maritime domain awareness to vessel operators, coastguards, and fishery and environmental agencies. • Security – it enables coastguards to maintain continuous surveillance and fully automatic AI-driven detection of suspicious and illegal activities. • Safety – it enables ships to navigate more safely and efficiently, and when in trouble at sea to be rescued more quickly. • Environment – it enables long-term sustainable fishing and protection of the marine environment, whilst also ensuring food security and the long-term productive livelihoods of fishermen. The SRT-MDA System is a flexible and scalable integrated surveillance system solution that can be configured for either coastguard or fisheries use. After many years of continuous development, it offers an extensive range of innovative functionalities and capabilities that deliver enhanced maritime domain awareness. Of note is the group’s focus on multi-sensor and multi-platform network integration, data fusion, and management and intelligent analytics in the area of automated vessel detection and identification, along with specialist fisheries functionalities, such as aquatic modelling and electronic catch reporting and auditing. The New Order Pipeline The global marine domain is digitising and SRT is at the forefront of this market providing a growing range of solutions. It is a global leader in maritime domain awareness technologies, products and systems. Its products and systems integrate layers of proprietary innovative technologies and are trusted and used daily by hundreds of thousands of vessels, plus an increasing number of national government agencies, such as Coast and Border Guards to secure and sustain their marine domains. Shortly after the year end, the group signed a new systems contract worth £140m to deliver an integrated maritime surveillance and intelligence system to a National Coastguard, which increased its forward systems order book to £160m. The new systems prospects pipeline continues to grow and now contains prospects at various stages of the sales cycle with an aggregate value of £1.4bn, some of which could well convert into contracts in the coming months. Upon the announcement of the 2023 results CEO Simon Tucker stated that: “Our many years of technology, product and market investments are now starting to show in our financial results. Our transceivers division grew by 60% and our systems division is back on track following a pause in government business during Covid. We go into the new year with an expanded product range and distribution network, a forward contract order book of £160m and a new prospects pipeline of system contracts worth approximately £1.4bn. This position reflects the early strategic decisions made to position SRT at the centre of these substantial global markets.” First Half Outlook In the first half of the new financial year, the group expected commencing the implementation of the next and final phases of its Middle East project, whilst the newly signed £140m National Coastguard contract, with associated revenue milestone completion, will commence first implementation milestones in the second half of the financial year. The Equity There are some 192.3m shares in issue. The larger holders include Mr and Mrs Persey (16.28%), Hargreaves Lansdown Asset Management (11.38%), Directors (9.56%), David Brierwood (8.91%), Interactive Investor (7.91%), Mr & Mrs Laing (4.12%), JM Horne (4.08%), AJ Bell (3.41%), Barclays Private Banking (2.43%) and Amati Global Investors (2.03%). Broker’s View – 100p Target Price Analysts Kimberley Carstens and Michael Hill at Cavendish Financial (the newly merged finnCap and Cenkos Securities) are obviously very positive about the company. They have a current price objective of 100p for its shares. For the year to end March 2024 they have estimates out for group sales to rise 232% to £70.9m (£30.5m) taking its adjusted pre-tax profits up from a £0.2m loss to £7.4m in the black, lifting earnings almost thirteen times higher to 3.8p (0.3p) per share. For the year to end March 2025 Cavendish has pencilled in £104.8m sales, £11.8m profits and earnings of 6.1p per share. Now that is what I call growth and why I rate the group’s shares with a certain excitement. My View – A Stonking Purchase I am sorry for you if you have not already realised just how much I rate this group’s prospects. Its marketplace is stupendous and its years of investing in and developing its technology are soon to pay off big time. In early June this year the group’s shares hit 69p, last night they closed at just 48.5p, valuing the whole company at only £92m. The company will be holding its AGM at Radstock, Somerset, next Tuesday morning, 19th September, ahead of which there should be an AGM Trading Update issued, which just has to be bullish considering all the recent contract wins. I have absolutely no doubt that these shares will touch 69p again, probably before 2023 is over, and that would only see them at the foothills of the 100p that its company brokers have intimated. |
Posted at 16/7/2023 08:49 by countryman5 The pendulum is swinging!Last year Natural gas prices peaked in August at 325 EUR/MWH. Todays price is 25.96. This is less than before Russia invaded Ukraine. Chip prices and supply have moved into lower prices with much more supply. The labour market is moving from shortage to surplus. How is this going to affect things? Gas prices determine the price of electricity. If prices stay low this will drag the price of wholesale electricity lower. SRT needs several new employees (20 to 25?). They need the pick of the bunch and the new labour market realities will be a tremendous bonus. A job at SRT will be seen as locking into a company with good prospects. The lower chip prices will allow SRT to improve margins, having increased prices to accommodate recent higher chip prices. I anticipate SRT reducing sale prices for receivers in the near future. I appears that SRT no longer has any competitors in the global ATON market. |
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