Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
SRT CEO, Simon Tucker introduces us to the company, the market and where the growth is coming from. According to finnCap forecasts (5 April 22) SRT is looking to increase revenue 5x by FY23 when they will move into a healthy profit.
Watch the video here: https://www.piworld.co.uk/company-videos/srt-marine-systems-srt-investor-presentation-may-2022/
Or listen to the podcast here: https://piworld.podbean.com/e/srt-marine-systems-srt-investor-presentation-may-2022/
Well what we got was a pretty standard webcast with no Chairman. The Saudi contract accelerated plus already engaging in upgrades, the 130 Mill contract hinted at (twice?) and component shortages' while ongoing were not to problematic. Importantly all seems well anyway and the VSL is progressing.
I remember SRT saying some years ago, in a webcast, that an aim might be to get the transceiver side revenue to cover the whole running costs. Perhaps a little ambitious but if one adds in the ongoing revenue from the ongoing data transmission fees (which were non-existent then) there is a possibility that with Nexus this could actually happen. Imagine contract margins dropping straight to the bottom line! Onwards and upwards I think.
Thanks for the info extrader. I don't think SRT will give any specific pointers to this but it will be interesting to see if it is mentioned and how much emphasis is put on it if so. There are 2 points that have interest for me, one is the state of the VSP and the electronic chip situation is the other. As an aside apparently captured Russian amour vehicles have some domestic white good chips as Russia is unable to import the ones it wants! So perhaps there's more for the rest of us!?
The trouble is that SRT can do nothing about either of them. Should get an update on Nexus which SRT was quite bullish about at the AGM. One final point is that the tone may well be different from the quarterly webcasts which in itself will be interesting. I'm looking forward to it as our story now is a good one. If we land 2 contracts in the next 7 months then all our troubles will be over and gosh the prospect of a divi will rear it's head by next March - can't believe it!!!
Hi TT,
My understanding is that Blue book is wishlist (unspecified sources of funding) and green book the better defined /more advanced.
You point rightly to Spain (but I think 61, not 64 ?, at $ 160m)) for which there is also a phase 2 (Spain/France) at $ 200m.
LaValmy earlier acknowledged the overlap, but points to the overarching 'coordination' terms of reference of Bakamla, see an earlier post of his (12 April):
.." think I may have missed the relevant project in the blue book issued by Bappenas. The one that SRT are actively pursuing is with our old pals Bakamla on pages 194 onwards.
This specifies one primary command centre with a back=up and 35 'packages of coastal stations'. All quite vague really, but the total is US$180,000,000 which is the £130 million being talked about.
What connection that has with the other projects on pages 124 and 131 for the fisheries surveillance program I don't know. These two total $162 and $200 million respectively and include lots of different things. But to my mind it would be daft to have and not use the Bakamla backbone. The objectives of the Bakamla project are:
a. To integrate the national maritime early warning system among related maritime security stakeholders;
b. To strengthen coordination among related maritime security stakeholders;
c. To enhance the efficiency and effectiveness of law enforcement in Indonesian Waters and Indonesian Jurisdictions.
It would seem co-ordination would indeed have a spillover effect on the specifications of these other projects. I understand that SRT is in pole position on the Bakamla one though that is no guarantee that the government will chose them. What will be key is what the specifications are in the tender as it is this which pre-determines the winner. The tendering process may start in a couple of months, though I don't know how much information will be easily available - I understand that the tender will be closed to only three potential bidders...."
I'm passing this on in good faith, for greater clarity perhaps you'd be better contacting him directly for any further insights he may have.
ATB
Hi extrader, Just had a look but also noticed No 64 which seems to be a similar project but appears to have Spain as the country involved? Not to sure about the Green Book - just because a project is on it, is it certain to go ahead? I hope it's not just a wish list?
Hat tip to LaValmy for this, which may be hinted at in the webinar (Indonesia)...
.."Talking about over-promising and under-delivering, Bappenas has just delivered the Green book for 2022.
hTTps://perpustakaan.bappenas.go.id/e-library/file_upload/koleksi/migrasi-data-publikasi/file/Blue_and_Green_Book/Publikasi%20List%20DRPPLN%20(Green%20Book)%202022.pdf
No 84 on the list is Bakamla's project for $180 million. Now, of course, that is no guarantee that the project will necessarily go to SRT, but, given that the Germans, UK, Norwegians and French are all providing the finance, it must be binary as to whether it is SRT or not. I don't know how long it will take to contract, months probably but before the New Year, so they will not be able to announce anything until then, but anything in the broker's note or even next week's presentation about their confidence levels will indicate whether it is in the bag or not. My guess is it is...."
SRT CEO, Simon Tucker and CFO, Richard Hurd will present the company, the opportunity, how they are executing on strategy and the outlook.
Wednesday, 18 May, 4:00pm
Join us here: https://bit.ly/SRT_webinar