Member Info for bakky

see what I mean,,whoever sold that late batch yesterday at 31.5p has lost out by at least £640 if they had waited until today and much much more in the very near future..Oh well some never learn!! REMEMBER...the market is a mechanism that transfers wealth from the IMPATIENT to the patient...

that is fine but why slice now, surely better to wait a very short time and do it at 35/40p+ ...hang in there folks if you don't need the money right now..

C/O TP..over on advfn Have managed to ascertain a few more details, and I tell you what, it's jaw dropping stuff! It turns out that nobody in the industry was really aware of this patent, which seems pretty incredible in itself.Johnson, as has been mentioned in a previous post, is v.close to and has worked with the USCG, seems he hasn't mentioned it before either! As the news release says, 'The use of CSTDMA is essential in any AIS Class B which meets the international IEC Class B technology standard' What that means is that any company that wishes to manufacture AIS Class B will need a licence/agreement/deal with SRT. In effect, we now control Class B!!! Note,I believe Identifiers are a variant on Class B. Also, many of the AIS standards going forwards are being based around CSTDMA. So, the likes of Weatherdock, Garmin, Altech and others will need to get their cheque books out! Interesting to note that royalties can apparently go back six years as well. What sort of sum are we looking at? We are talking in the region of $40 per unit royalty. Also worth noting that CSTDMA is applicable in areas outside of AIS as well. SRT have just dramatically increased their position of dominance in this industry. This really is an excellent piece of business by SRT and should reap material rewards.

Yes I agree it is on the low side and when Saudi or India or one of the other biggish orders come in then that alone will bring us to 40p..imo .At least this time they will upgrade news instead of what we had in the past..much better I think.It would be great to hear we get the India contract....to inc Absea..

is WH Ireland

some more info, also if you want to get a full copy of the broker note just post your email address and I will forward to you http://www.fastwave.com.au/pdfs/SRT-Marine-System-Solutions-Overview-2014.pdf

few quick points, -looks v.unlikely to need to raise cash, as net cash out in 2nd half is forecast to be very little, expected net cash position of £1.5m, ie cash of £2.5m less the £1m loan, which has been rolled over, so that's that one put to bed. -for 14/15 we are looking at break even post R&D credits, with a 50% margin Sensibly, they are only forecasting a base load, there is very little in the base load for projects/mandates, so forecasts will be upgraded going forwards. The base load is forecast at £10m for 15/16 and £12m for 16/17, ie we are profitable at base load stage and projects/mandates will drop to bottom line (well, 50% of it) There is a detailed break-down of the £200m validated sales opp, which is a sub-set of the £500m market of clearly identifiable opportunities. Note says that : 'Taking the validated sales pipeline in Figure 03 on page 9 and assuming that this accrues over a four year period (a more conservative assumption than SRT’s own belief) this would suggest an annual revenue opportunity of £50m per annum. If we further discount this by 25% to account for the risk of mandates/projects not happening, this would equate to annual revenues of £37.5m. On the same revenue multiple of 2.1x, this would point to an EV of £79m and a valuation of 63p per share.' Note goes on to say re valuation they have taken the average of different approaches and come up with 40p, sounds fine for starters.

target price 40p

just let me know when the Saudi order is about to drop, or maybe another US order will do! lol

we are in a very good strong position going forward, very strong sales pipeline and plenty of orders imminent.I think 15/16 will be very good and expect revenue to be £15-20M and also the biggy for me is Absea this July and all the recurring revenue it brings...all to come!

don't forget this year ain't over yet! if either/both US and Middle east orders come in shortly then that could push it well past £10M ....suppose that's not good enough either!? Are you unhappy about anything in particular or the whole shooting match??

don't agree...did you listen properly to webcast?? if you are not satisfied sell!!

with that, steady as she goes...all still to come..

just wary of after hours RNS ....often not good news to follow...can't fathom the need for the rush, we usually have a week or more notice for routine stuff.. we will soon find out..

at very short notice! seems odd..not happened before, he seems very keen to tell us something..hopefully good news.! suppose it can't be a profits warning as there are no forecasts out there...expect a 7am RNS

I think we need to look at the bigger picture and next financial year 15/16 for things to really start moving.This year end won't be upto much and I doubt it will be £10M...could be wrong though!

just impatience I suspect, nowadays small investors want profit in a day if not sell out and into some other great share losing money all along the way.This will be around the 30p mark until more news comes.Not sure what you mean bad forecast, I don't think that will be the case with what is in the pipeline do you?

yes SRT have trialled along with 2 others and I believe they are "exceptionally well placed" to win the contract and I believe Absea has been a factor in their favour as India are looking for satellite tracking and as we know ONLY EE/SRT can supply at the prices India want..so looking very good. As you can see Peter Mabson is very bubbly with the prospects going forward with Absea..

not sure if seen before but shows where ExactEarth want to be rgds Absea over the next few years. http://cdn2.hubspot.net/hub/183611/file-2237981961-pdf/Newsletters/Newsletter_Issue_12.pdf?t=1418847064389

c/o TP good article here re all the problems that illegal fishing cause. This is a major economic and political issue. With the combination of SRT/EE together with Identifiers/ABSEA SRT imo, are bang on the money, right time, right place. Encouraging its not just imo, as EE predict an increase of c.750,000 vessels will be tracked by them and their 'strategic partner' SRT over the next few years.(end of decade) That is big bucks! http://www.stopillegalfishing.com/news_article.php?ID=1315