Srt Marine Sys. Share Chat (SRT)

Go to the news tab, bottom of the page. Click on July 2023

Am I right in saying this has not been loaded yet ?

Great to see the new products are now in the testing phase – and also this increased ability to detect dark vessels. I know little about it, but can imagine that would be very attractive to many countries in the present environment.

At least they have the cash available to weather storms, as well as being just about in profit.

Closing deals in the Middle and Far East are always difficult and almost ALWAYS take longer than expected. I have scars on my back from own experiences re this. I think they probably had thought they would have got another one over the line by now and are slightly disappointed. I also noted the increase in costs attached with closing these deals. I have steadily increased my position but will be watching closely re hopefully the next deal

Disappointed by profit. Without the tax rebate it would have been a loss. I tend to think once their sales are over £12m they should be making money, so would have hoped for better profit figures. I suppose the trouble is when projects are such a significant part of the business timing of income and expenditure can make such a big difference to year end results.

From a loss last year to a small profit this year - good to see!

Everything moving in the right direction.

273% year on year increase in revenues to £30.5m - entering the new financial year with a £160m forward order book and substantial new prospects pipeline

As reported in our year-end trading update in March 2023, year on year group revenues grew to £30.5m (2022: £8.2m) of which transceivers generated £12.1m and systems £18.4m. Gross profit margin increased to 36% (2022: 33%), resulting in a profit after tax of £0.1m (2022: loss £5.8m). As at year-end, gross cash was £2.2m (2022: £5.9m), and after the year-end we completed an equity raise of £5.4m and increased our loan note programme capacity by an additional £20m.

Continued progress with new NEXUS VHF/AIS radio system and DAS transceiver products, both of which entered testing phases.

Expansion of SRT delivery team to accommodate multiple simultaneous projects.

AGM 19th September ( not 20th as previously indicated )

The broad thrust of the results will be as the RNS at the time. SRT's webcasts often give the SP a boost because he tells it as it is. All we need is the current trading period to report a significant revenue increase over the same period last year and the SP will rise.

Large £40k buy at 11:52 today. Maybe they’re expecting good results tomorrow…

Probably the end of the week. My thinking is that the SP is low because there is perhaps some doubt about our ability to deliver the new contracts and increase revenue.

The important part of the Report, for me, will be this trading period and business done in it! The later the publication the more accurate this will be.

Last year they sent out RNS on 22 July about the results which then was RNS’d on 28 July. We are around the same period now. Could land any day/week soon. Also the annual report on their website is dated 19 August, still plenty of time for this year’s equivalent: https://srt-marine.com/wp-content/uploads/2022/08/Annual-report-March-31-2022.pdf

We had interims in November so 6 months on is May, we are now in the idea of July. Seems the annual report is potentially delayed as there are no RNS updates at to the publication date. It’s interesting how all the capital raising is done after a lot of good news RNS’s. I ever the sceptic with AIM shares but am heavily invested and long so hoping I’m just getting a little unjustified fear with what looks like a publication delay with each passing week. (Any thoughts or news on release dates anyone?). Cheers Monty.

The last two Monday’s there’s been a spike in buyer interest looking at the 30 minute volume charts. Wonder what the next RNS will be? Confirmation of more orders perhaps?

Not see the ask hit 54p for a while ….

There are certainly other changes, but they might not have been required to report them to the company if they didn’t cross a reporting threshold. We know the CEO picked up more through Primary Bid so maybe this table hasn’t been fully updated post capital raise yet. The numbers are not £ and %, they are the number of shares and %.

So after the recent placing, the £3m TR1 from Mr and Mrs Brierwood was the only monetary change in key shareholdings by the looks of it, and Barclays Smart Investor (who previously owned £5.5m or 3.04%) is no longer on the schedule (as they'd be below 3% of the new total shares now, the cut-off for TR1 disclosure):

https://srt-marine.com/corporate-governance/

29-Jun 12-Jul change

£ % £ % £ %

Mr and Mrs Persey 31,302,150 17.24% 31,302,150 16.28% 0 -1.0%

Hargreaves Lansdown, stockbrokers (EO) 21,873,596 12.05% 21,873,596 11.38% 0 -0.7%

Directors 18,266,999 10.06% 18,266,999 9.56% 0 -0.5%

Mr & Mrs Brierwood 14,130,067 7.78% 17,130,067 8.91% 3,000,000 1.1%

Interactive Investor 14,362,636 7.91% 14,362,636 7.91% 0 0.0%

Mr Ian Michael & Mrs Caroline Elizabeth Laing 7,917,570 4.36% 7,917,570 4.12% 0 -0.2%

Mr J M Horne 7,840,100 4.32% 7,840,100 4.08% 0 -0.2%

AJ Bell, stockbrokers (EO) 6,564,488 3.62% 6,564,488 3.41% 0 -0.2%

Barclays Smart Investor 5,522,229 3.04%

Sub total 127,779,835 70.38% 125,257,606 65.65% 3,000,000 2.3%

Total 181,524,939 100.00% 192,244,939 100.00% 10,720,000 5.9%

SRT gets a 2-page write-up in this month's SCSW. Subtitle: 'Record order intake.'

Gives a balanced and fairly informative review, highlights the pressures on staffing and funding for project execution, mitigated by local subcontractor use and 'multiple funding sources', incl the recent placing.

Sums up : "I suspect the big multinational defence companies will soon want to enter the market, which may make this an attractive bid candidate. I think the shares are an interesting speculation."

ATB

Don’t believe what you see. I bought at 51.1 when the listing was 51 - 52 so of course it was shown as a sell when it was a buy.

A lot will have bought in at a 'cheap' 50p price expecting a quick turn. Now bored having not seen a quick rise - and sold again.

Was there really no buys today, only sells?

Including £60k at 4:30?

The latest RNS looked like positive news. New strategic relationship with a significant Japanese customer…

From owenski elsewhere

SRT hired a sales person fairly recently to develop this side of the business, it's a tidy chunk for an order and suggests this 'new' vertical is starting.

SRT have said they see significant business for what used to be called the 'AtoN'.

They are also high margin sales units.

Finncap, meanwhile has stuck with its 100p target.

Nice little contract award from Japan today, but still SP turns negative. Just picked up a few at 51.7 pence but shown as sale and I suspect this applies t several other "sales" this morning too..

Got them at the end of July last year so hopefully only three or four weeks away. For me the most interesting part is the current trading update. Should be pretty positive This year. Hopefully this will help the share price to to increase Which will be very welcome!

Does anyone know when our shares are likely to be issued. I am with II but bought through primary bid linked to my II account. Many thanks and hopefully onwards and upwards

Looks like someone made £24k selling almost 700k shares after 5pm today for 53.5p - assuming they bought at 50p during the placing (which may not be the case of course)