Srt Marine Sys. Share Chat (SRT)

This is due to longer than expected customer contract completion administrative processes, resulting in significantly lower than expected revenues for the current year, which will aggregate to approximately £14m mostly derived from our transceivers division and thus resulting in a loss for the period.

This is going to tank hard

All very predictable and they should have put in penalty clauses for delays in all their contracts to hedge such things. Stupid people that don’t don’t know governments delay and go at snails pace.

The management team should know by now that dealing with foreign Governments and inter Government finances always takes much longer than it should. Changing the year end was a waste of effort. Work out how long you expect things to take, then triple it!

But there is good news - none of the forecast income has been lost, just delayed, and much of the pipeline gets closer to formal orders. In a few months time this may seem like a brilliant buying opportunity.

Looks like this is going to go towards 5p today. Already opening at 8p. Unreal

Pre-open auction is showing down 40% but I do not believe that 5p is yet on the horizon! SRT had better be open about events surrounding Tucker's issues at this morning's webcast.

So they have a MC of 40M and are now projecting a fall to 14M with revs pushed to 2025.

I think they will need to place and in the current climate, what does that look like - 5p, 3p or less?

Webcast is on Monday - not today

Well the bad news is all the staff are getting their salary every month, so they may need another fund raising or an expensive bridging loan to get through the next 12+ months

Tucker has been shafting people for twenty years.. Can't believe a word he says I'm afraid!

Hi Hardboy, exactly right- revenue delayed, not lost. The contractual projects in the RNS seem to add up to the hundreds of millions which for a small company in rural Midsomer Norton is one hell of an achievement. Well done Simon for the Monday Webcast - all the chumps on this board can question him with there spurious problems!!

And the market is now reacting positively to the RNS. Not sure I'm brave enough to buy any more just now though.

"all the chumps on this board can question him with there spurious problems"!!

Ha ha! You think he will answer anything that is a bit tough.

Over the years I have asked several questions by email, and Simon has ALWAYS responded personally within an hour. I doubt there is any other plc where that would happen.

If you doubt it then why not test it - send in a question. Then you'll be able to speak from experience.

Hardboy: Same experience re emails to Mr Tucker. Always a prompt (and sometimes very comprehensive) reply.

Hi Hardboy and goodapple, ditto here. There is no other company that I have invested in that does a regular webcast such as Simon does. The only caveats he has is that he says at the beginning he's not going to make anybody inside and that he has to respect customer confidentially. Otherwise, he is totally open.

As for Simon answering anything a bit tough - he always has both in the webcast and at AGMs s. Clearly Davand has no experience of him.

Ha ha! First invested here some 15+ years ago. Probably before you had a clue eh? You obviously haven't asked him any tough questions then lol . Tucker's suckers is what I call the cult followers now. Sweet talked the suckers for nigh on twenty years ..as for his VSP or whatever he calls it.. pmsl! Yes, I've heard it all before.

Tell me Davand - what was your tough question? What was the answer?

Too many to name, and there were no answers, that's my point. Glad I got out at nearly 50p some time ago. I agree, he's very accommodating regarding swift replies to some queries, that's why he sucks some people in, he very good at it. But overall what return on investment has there been in 20 years?

Oh go on Davend. Just do say three! I don't really expect you to!

As it happens the market is disagreeing with you and in say 12 to 18 months your 50p will look pretty silly.

Tucker sucker! 😂 😂. They've been saying it for 20 years for heavens sake! How is the market disagreeing...the sp is 22p!!!!

Lowest sp for over 5 years, and the market disagreeing??, er don't think so chap. Suppose you've just been sweet talked again by another webcast..lol

Look. I hope it comes good for you... eventually, and I must confess I did make a fair few quid on this when I sold. Got out of Aim a while ago, totally different to when I first started in the early 90s. Might even have a little dabble here again at these prices, but I'd need a bit more meat on the bone first, a bit more stability.

"I did make a fair few quid on this when I sold." There you go then - what a terrible company and terrible share this must be. Everybody could have made fair returns if they sold on 6 June last year. Maybe some did - maybe it was you Davand! - and, obvs, some didn't. I would have made around 150 per cent but didn't. Either way this Tucker Suckers stuff is sub-par keyboard warrior bilge. The company has being doing well until an usually large bump in the road.

Davand, you're judging, the performance of the company by the share price when you say no progress in 20 years. At the finals in 2019 the order book stood at £5.6m. At last year's finals it stood at £160m. That's a 28,500% increase in 5 years which were badly affected by Covid. The turnover last year was over £30m, most of the time in the last 15 years they've struggled to break £10m. The pipeline of realistic business they are working on has gone up from £220m in 2019 to £1.4b at last year's finals. that's over 600% rise in 5 years.

It has been "jam tomorrow" for many years, you are quite right, but in the last couple of years, things have changed, and the growth is real.

How much profit?? That's what counts. No good spending a quid to make 50p.