Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Exactly right Hardboy, Which is why I posted that we need a new MDM contract before xmas and get the first milestone payment before March. Future years revenue are, in my book, a forgone conclusion!
It's a good supportive article, but it has to be remembered these interims will look good because of invoice timing, rather than winning any new contracts.
Dear all,
We were delighted to interview Simon Tucker, CEO at SRT Marine. He put the business (LON:SRT - £58M market cap) in context for us and confirmed that, with a contract pipeline of £600M he expects growth to continue as growth is already embedded into the business to an extent. Here is the in-depth interview in full for you. https://youtu.be/QPCrOSnRMmk
Hi all,
Please see the below piece in Shares today on SRT:
https://www.sharesmagazine.co.uk/article/srt-finally-breaks-cover-with-record-first-half-sales-and-earnings
Thanks
It's looking like there may be another distribution of Jam at the next AGM. I've kept my jar in case it has to be 'traded in'.
The market will show some support for this company once a couple more contracts are signed. Broker sticking with profit forecast for FY. So am I.
I'm still waiting for them to tell us when we can open the jars of jam they gave all attendees at their AGM a few years back (they were having a poke at the discussion boards who kept saying it's always jam tomorrow!)
Simon chatting to JW on his podcast today--I am right in thinking that the first time?
Excellent......worth much more ....growth company with huge opportunities.....This could be worth 80p easily...
Indeedy yes - all we need now is a new MDM contract before Christmas and we can truly say we're on our way!
...all in the RNS
Very positive. The 2 year Covid hiatus re MDM is well and truly over. The transceiver business is struggling with component issues but so is any competition. Sorry to see Nexus delayed but worth it to get it right.
My take is that the Ist half revenue this year will fuel expectation of the full year's figures and that expectation will be achieved. By the time we get to the following year, component issues will be reduced and Nexus will be the driver for transceiver growth. The MDM contracts will then be on a more frequent basis with the attendant data sales and top-ups.
Our MC of 50 Mill could easily be quadruped within the next 18 months or so and then the sky is the limit!
35! I'm expecting 3 digits at least when 2 or 3 contracts materialise.
For years we have heard the "jam tomorrow story"
Maybe this time we will see tangible results, that might get the sp back up to 35p.
HiHardboy, Yes judging by the AGM update the SP will rise today! The AGM will be podcast live as in the first AGM RNS and available later on the copany website anyway.
Tomorrow is their AGM. I had planned to go, but have a cold so wise not to.
If my memory serves me correctly at most AGMs the share price rises. Let's hope for that tomorrow. If anyone is going it would be great to get a review of it.
Yawn, anyone else awake?
A little surprised about the lack of activity here but to be fair the webcast was " steady as it goes". I have every confidence
in the future years so yes we are, not future proofed, but future fruitful.
Quite a little flurry of buys this morning. Contract coming?
Just posting for side interest... Not seen it come up on the board here but I may have missed it.
Whilst researching another co. I noticed ST joined Altonare Rare Earths as a NED march last year.
https://www.altonare.com/about/board-of-directors/
https://polaris.brighterir.com/public/altona/news/rns/story/w95vg4r
ATB LB
Thanks for the links extrader. You would think that the buoys, as it's the Philippine Coastguard that's installing them, would have SRT's kit on them possibly pre-installed.
As for the Quad initiative if it's just satellite surveillance then the SRT system has a lot more Bells and whistles. SRT has said that once the initial contract is completed then add-ons are inevitably ordered as indeed Bahrain and the Philippines have already demonstrated and in fact Saudi is already in discussion with extras as well as requesting a speeded up initial order. Quad will need to come to a decision at some future point and could even talk to SRT at some point with a sales demonstration with one of the partners! Who-Hoo!
Hi all, here's a new investor overview for SRT:
https://youtu.be/NDRN9QYY2GA
From https://www.maritime-executive.com/article/philippine-coast-guard-stakes-out-sovereign-markers-in-s-china-sea
.."In an interview with local media, Philippine Coast Guard commandant Adm. Artemio Abu said that his service has installed navigation and traffic-monitoring buoys near Lawak, West York, Parola and Thitu Islands in the Spratlys. The 30-foot buoys were built in Spain, and in addition to standard beacons, they carry satellite-connected instrumentation for monitoring vessel traffic...."
There's that Spanish connection mentioned in the Indonesian Blue/Green books , for a system unrelated to the Bakamla contract SRT is pursuing....
Ho hum
Are SRT's initiatives in Philippines (and prospectively Indonesia , etc) about to be 'overtaken by events'...or given a boost ?
https://www.firstpost.com/world/explained-quads-plan-to-check-chinas-illegal-fishing-and-the-role-india-will-play-10706981.html
Seems that the Quad may introduce a new level of political urgency into the MDA and IUU fishing issues...but will this necessarily work to SRT's advantage ?
The Saudi contract started Jan '22 and was "well prepared". I saw the servers assembled in the warehouse during the AGM. This pre-assembly was in response to a request from the customer to speed things up if possible in spite of the governmental delay on their part. Previously the parts had been sent separately and assembled on site and SRT said that doing it this way had certain advantages and would be the preferred way forward.
If the 12 month completion request is achieved then the whole contract could well be paid for, (or say 90%) by May 2023 and with further orders ongoing. It certainly seems a case of 'once a customer, always a customer'. I'm eagerly awaiting 1st half figures and update.