Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Debate elsewhere seems to be between Indonesia (but already in pipeline?) or a 'newbie' such as Taiwan or Malaysia.
Finncap note suggests the latter...
"Small new contract hints at a new national MDA solution SRT has signed a contract to provide a national coast guard in SE Asia with a small SRT-MDA maritime monitoring system. This is another new country in that region for SRT, which has already seen great success in SE Asia with the Philippines BFAR contract, but it is not one of the major contracts previously flagged as in-process, and we are not upgrading forecasts on the back of this deal. However, strategically it is very encouraging as this contract appears to be the first step in a larger plan to build a significant next-generation national integrated maritime surveillance and intelligence system for this new country. The selection of SRT here bodes well for further – more material – contracts from this country in future. More broadly, the deal also highlights the strength of SRT’s offering and its leading position in the global MDA market (and SE Asia in particular)."
NAI, DYOR etc etc
Any idea which south east Asian country it is? In terms of their coast guard there's a bit of difference between Singapore & Indonesia!
Surprised the sp has not had more of a bounce today, but we were forewarned of good news.
Every contract customer has always come back for more and the Saudi one ordered more before the initial one was completed! This latest one seems to be the ultimate in this respect. Good revenue for some years I guess. ST's webcasts often give the SP a bit of boost and the one on the 14th will be a positive one - onwards and upwards folks!.
Hi Azurian, They say timing is all. The only time you could have bought higher was 3 years ago. However you bought into a loss making company and you now hold in a profit making company. Wait for the next contract and you could sell at a profit. Wait for another contract and you could get a divi! The MIDAS article was pretty much as I see SRT - for what's that worth!
I have been in this for a couple of years now following a Simon Thompson write up. The story always seems compelling (too good to be true?) But we got diluted. I might have got outlast January intact but let myself be persuaded to stay in hoping for an actual profit. It now looks as if I might soon have another opportunity to get out without loss - will I grab it or fall for the story again?
If you're looking for compulsory products have a look at SEE supplier of DMS (drivers monitoring system) will become compulsory in all new cars and other vehicles later, after being legislated in EU and USA (others will follow)
Hi andy, There has been legislation re AIS, both Nationally and Internationally, on deep sea ships for many years. It was originally for the largest ships but has been extended many times to smaller and smaller ships. It is now extending into inland waterways and SRT had a small contract with the new Panama Canel both when it opened and since.
The legislation does not apply to people but to shipping companies and waterway managers etc. and comes from governments and coastguards. Pretty good damn situation I reckon!
You only lose money on a stock when you sell. Timing is everything…
Over the last 3-5 years
There was always positive news that never came to fruition
They always seemed to indicate that legislation would force people to purchase their products which is not the case
It's unfortunate that you've lost money but buying an AIM company that is not in profit is always a gamble. However we are now in profit. I've been here since 2016 and topped up many many ties with smallish purchases mainly in the 30s P but a couple in the 40s P and a few in the 20s P So now in profit. Don't think the MIDAS article was bland actually - judging by the SP rise anyway. Please visit the website to access the various ST's webcasts regarding the verified pipeline. If you're only going to invest in compulsory products you're going to be rather limited.
Sorry to hear that. At the moment this is doing well for me unlike some others I could mention . Bought in at 32p. During what period were you invested ?
I've lost a stack of money in this company over the years despite all the optimistic RNS items
No bland MIDAS article is going to make me buy in
These products are not compulsory and as the global recession sets in less will be purchased
Been in this share some time and had some bumps along the way but now it’s we’ll on the road to success. Feel sure that long awaited contracts will soon be signed. Press comment may also help the sp with new investors in this exciting company.
GLA
Well spotted goneawol and any thanks for the link - just the sort of publicity we need - perhaps it won't be jam tomorrow at the next AGM but chocolate mousse!!!
Only came upon this company recently and was really impressed with it and the CEO. Made an investment and then actually increased it. Very pleased I did as the more I study investments the more I believe that no matter the story or product, the role of CEO and who fills that position is absolutely key to a company's success. Fingers crossed they can close the new contracts and good luck all.
Positive as always but with a bit of substance recently. SP is gently rising although a long way to go to reach the almost 50p at the years beginning. I went to the September 21 AGM and ST spoke of 2 fairly close contracts and the current one in the Middle East was one of them. Now if that 2nd one comes good before year end and we can get a milestone payment in before March what price the SP then?
https://www.youtube.com/watch?v=QPCrOSnRMmk
or via Media/Events on this page.
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?