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Pin to quick picksSrt Marine Sys. Share News (SRT)

Share Price Information for Srt Marine Sys. (SRT)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 22.00
Bid: 21.00
Ask: 23.00
Change: -0.25 (-1.12%)
Spread: 2.00 (9.524%)
Open: 22.25
High: 22.25
Low: 22.00
Prev. Close: 22.25
SRT Live PriceLast checked at -

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AIM WINNERS & LOSERS: Audioboom falls as expect 2023 to be a bust

Fri, 23rd Jun 2023 10:37

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Pelatro PLC, up 14% at 8.84 pence, 12-month range 4.2p-28p. At its annual general meeting, the marketing software specialist says it has a strong pipeline of around USD23 million, with around USD5 million being non-telco prospects, which is the "highest ever level". Says it is confident these prospects will "produce results" over the coming months and years. Notes recent contract wins are building its revenue base, and it now has annual recurring revenue of over USD7 million and 28 customers.

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AIM - LOSERS

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Audioboom Group PLC, down 26% at 208.2p, 12-month range 201.7p-1,155p. The podcast provider says it expects to report lower yearly revenue and profit than expected as advertising markets prove "challenging". This is because advertising markets have remained challenging "for longer than anticipated", meaning that it expects to report lower revenue and adjusted earnings before interest, tax, depreciation, and amortisation than previously forecast. However, the firm adds that it expects that markets will improve, and is "in prime position to take advantage when they do".

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Hotel Chocolat Group PLC, down 11% at 123.10p, 12-month range 110.00p-300.00p. The high-street chocolatier warns it expects to swing to an underlying marginal pretax loss in its financial year ending July 2, defying market expectations of GBP300,000 in underlying pretax profit. This is due to recent cost-cutting measures "materialising later in the year than initially anticipated". In financial 2024, it expects sales and underlying profit before tax to be lower than market expectations, due to weak consumer sentiment and continuing inflationary pressures.

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SRT Marine Systems PLC, down 11% at 51.5p, 12-month change 23.6p-69p. The provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection proposes a fundraise of GBP4.0 million in a placing and retail offer of 7.9 million shares at 50p each. The issue price is a 14% discount to Thursday's closing price of 58.00p. "The company intends to use the net proceeds of the fundraising to facilitate accelerated growth through provision of working capital for the company's systems and transceivers divisions," it says.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Jun 2023 18:01

UPDATE: SRT Marine Systems raises GBP4.6 million via placing

(Alliance News) - SRT Marine Systems PLC on Friday said it raised gross proceeds of around GBP4.6 million from a placing of new shares.

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23 Jun 2023 11:32

SRT Marine Systems proposes GBP4 million fundraise to stoke growth

(Alliance News) - SRT Marine Systems PLC on Friday announced a proposed fundraising of up to GBP4.0 million through the issue of up to 7.9 million new shares at 50 pence each.

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21 Jun 2023 16:54

SRT Marine inks $10m contract with coast guard customer

(Sharecast News) - Maritime technology specialist SRT Marine Systems has been awarded a new contract by an existing coast guard customer, it announced on Wednesday.

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21 Jun 2023 09:08

SRT Marine inks follow-on contract with existing coast guard customer

(Alliance News) - SRT Marine Systems PLC on Wednesday said it has signed a follow-on maritime surveillance system contract with an existing coast guard customer.

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18 May 2023 12:02

SRT Marine Systems signs USD180 million deal with national coast guard

(Alliance News) - SRT Marine Systems PLC on Thursday said it has signed USD180 million contract with a national coast guard, to provide an integrated maritime surveillance and intelligence system.

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18 May 2023 11:04

AIM WINNERS & LOSERS: MyHealthChecked to sell tests at Boots shops

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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10 May 2023 15:01

IN BRIEF: SRT Marine ups medium-term notes programme by GBP20 million

SRT Marine Systems PLC - Somerset, England-based provider of maritime domain awareness systems and technologies for surveillance, security, safety and environmental protection - Increases medium-term note programme capacity by GBP20 million. Says note programme is arranged and managed by LGB Capital Markets. Says notes outstanding under LGB Capital programme total GBP7.7 million. Says the programme and increased headroom provides working capital flexibility "in anticipation of some significant new system contracts in the future which have initial working capital requirements during their first few months to fund equipment purchases prior to first deliveries and subsequent receipt of customer payments".

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3 May 2023 19:22

TRADING UPDATES: EKF Diagnostics completes quality management audits

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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3 May 2023 12:21

SRT Marine delivers first phase of maritime surveillance project

(Sharecast News) - SRT Marine Systems has completed the first phase of a national coast guard maritime surveillance system contract, it announced on Wednesday.

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3 May 2023 12:21

SRT Marine delivers first phase of maritime surveillance project

(Sharecast News) - SRT Marine Systems has completed the first phase of a national coast guard maritime surveillance system contract, it announced on Wednesday.

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19 Apr 2023 14:21

SRT Marine celebrates as new coast guard system becomes operational

(Alliance News) - SRT Marine Systems PLC on Wednesday told investors that a new vessel monitoring and inspection co-ordinating system contracted and previously announced in November is now operational.

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3 Apr 2023 14:32

TRADING UPDATES: Lords Group buys Chiltern Timber; SRT wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:

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23 Mar 2023 14:35

SRT Marine upbeat on confidence in coming contracts

(Sharecast News) - SRT Marine Systems said in an update on Thursday that it was expecting revenues of £30m for the year ending 31 March, making for a 265% increase year-on-year.

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23 Mar 2023 12:38

SRT Marine Systems says revenue expected to triple to GBP30 million

(Alliance News) - SRT Marine Systems PLC on Thursday said it expects 2022 revenue to multiply, but remain below expectations.

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