Member Info for chique

OK done
https://ronsworld.co.uk/green-shoots/harvest/

I was using 11 but have added 10 in as an option now as well as 80 and 100 AUD , 180k tons

Let me modify for 80 AUD and 100

Not sure why this rise on low volume

He says ' other projects ( plural ) we want to bring online '

The movement in the BRL ( against AUD and GBP ) this year makes our earnings in Brazil worth approximately 11% more in GBP and AUD
So if you were using 62.50 AUD as a sales price this is now 11% more

namemike

What is the potential of sergpipe , I never researched that much

UPDATED FEB 2022

Aim-traded SRT Marine Systems (SRT:44p), a global leader in AIS, an advanced identification communications technology used to track and monitor maritime vessels, has now signed a £40m contract with a national coastguard for a national scale marine domain awareness (MDA) system to track, monitor and manage all maritime activity in their territorial waters. A further £30mn of contracts are expected to be signed imminently, too. These awards not only put the business firmly back on track after Covid-19 travel restrictions delayed contract implementation, but support a major ramp up in SRT’s profits to reverse three years of losses.

To put this into perspective, house broker finnCap expects annual revenue to rise seven-fold to £56mn in the 12 months to 31 March 2023 to produce a cash profit of £11.1mn and pre-tax profit of £6.8mn. On this basis, expect earnings per share (EPS) of 4.1p. Moreover, operating cash flow is forecast to rise 13-fold to £7.8mn which should produce free cash flow of £2.5mn after accounting for interest payments (£0.7mn) and capital expenditure (£4.6mn). The estimated free cash flow is forecast to slash net debt from £6mn to £3.5mn by 31 March 2023, thus transferring more of the economic value from debt to equity holders.

Furthermore, profit forecasts are conservative as they exclude “several additional significant contracts from the current pipeline that management expect to sign”. In fact, SRT’s directors have increased their validated sales pipeline from £550mn to £600mn since I highlighted the investment case (‘Making waves’, 6 January 2022) even though the £40mn major contract has now been converted. Please note I still believe that SRT could be making £10m of annual pre-tax profit if three other contracts (two in the Middle East and one in Asia) are converted. These are worth worth £54m of additional revenue.

It’s worth noting, too, that the electrical component supply chain issues that have held back deliveries in SRT’s smaller transceiver business are expected to ease in the next 12 months, thus enabling the group to fulfil its growing order back log and ongoing end-user demand. For example, SRT’s em-trak marine electronics subsidiary has just received a contract to supply commercial AIS Class A transceivers to the Panama Canal.

Trading on a modest price/earning (PE) ratio of 11 for the 2022/23 financial year, and with major MDA contracts now being converted, I am raising my target price from 55p to 65p with the investment firmly risk skewed to the upside. Buy.

Simon Tucker, Chief Executive Officer bought today at 33.1p , approx 9k worth takes his holding to approx 2.8 million

The placing price pretty much always becomes available to the PI , as it is now

Market cap 50 million - profit forecast 10 million - seems like a pretty good price

prior to placing so more money to do projects but 10% - so maybe just about even

Aim-traded SRT Marine Systems (SRT:47p), a global leader in AIS, an advanced identification communications technology used to track and monitor maritime vessels, has been awarded the first of four systems projects in its near-term validated sales pipeline (all in South East Asia and Middle East), which combined are worth £71m over a two-year delivery period.

The contract from a national coastguard is worth £40m over two years for the installation of a national scale marine domain awareness (MDA) system that will track, monitor and manage all maritime activity in their territorial waters in real time from multiple command centres across the country. The system incorporates a range of sophisticated functionalities such as vessel information and identification, and AI analytics that automatically detect, alert and categorise suspicious and illegal activities.

The other three contracts (worth £31m in total) are all expected to close before the 31 March financial year-end. SRT’s chairman, Kevin Finn, also notes that three other contracts worth £54m (two in the Middle East and one in Asia) have “unexpectedly progressed and could materialise during the current financial year”. These potential contracts form part of SRT’s validated systems contract opportunity pipeline which has an aggregate value of £550m.

Importantly, the group is well funded for the accelerated project roll-out. Net debt of £5.4m includes a low-cost £2.2m bank loan (2.84 per cent interest rate), and SRT has drawn down £5.3m from a £20m secured loan note programme. Upfront payments on new contracts and further milestones on SRT’s flagship Philippines project (installation of monitoring systems, coast stations, vessel transceivers and satellite data feeds) will boost the group’s cash position.

House broker finnCap plans to relaunch forecasts once the other contracts in the near-term pipeline close, but I maintain the view that SRT could be making annualised revenue of £50m in calendar 2022 through a combination of transceiver sales (annual revenue of around £8.4m) and MDA systems contracts. Based on a gross margin of 40 per cent, and factoring in annual fixed overheads of £8m, the ramp up in revenue could deliver annual pre-tax profits north of £10m, a hefty sum for a £79m market capitalisation company.

I last rated the shares a buy, at 37p (‘Set fair for a profitable voyage’, 29 July 2021), and can see material upside beyond my 55p target price, assuming the other six near-term contracts (worth £85m) are landed, as seems highly likely. Buy.

They may not suspend to Brazil - but it will have an effect on global prices which are already way up on last year

I wonder if such talks include some kind of 'mixing ' to give specialist formulae's for certain crops

Interesting comment in this latest interview about talks with other fertiliser companies about collaboration

I got the impression he had tried to make time for this and only allocated 5 mins or so as the interviewer cut it short

The recovery at Aim-traded Venture Life (VLG:51p), a developer, manufacturer and distributor of products for the self-care markets, is gathering traction.

A pre-close trading update for the year just ended was in line with my financial analysis three weeks ago when I made the case to buy the shares, at 40p (‘Venture Life’s recovery potential revealed’, 10 January 2022). Of more importance is news that the order book is “significantly ahead of the same time last year”, shipments with new China distribution partner have started, and two UK health and beauty retailers will be launching Venture’s lesser known in-house brands (for rosacea, women’s intimate gel, and wart & varruca pen) under their own labels. The group is also progressing an aggressive expansion plan for prostrate cancer management product Pomi-T.

Priced on a forward PE ratio of 11 for 2022, I maintain my 100p target. Buy.

Do BP have the option of selecting last 5 days in month for price or do they have to use the first 5 days average?

UPDATE 2-Norway's Yara cuts European fertiliser output as gas prices surge
By Reuters Staff
OSLO, March 9 (Reuters) - Norway’s Yara, one of the world’s largest fertiliser makers, is curtailing its ammonia and urea output in Italy and France due to the surge in natural gas prices, it said on Wednesday, in another sign of rising costs for food production.

https://dialogochino.net/en/agriculture/war-ukraine-impacts-global-fertiliser-crisis-food-prices/

Pity we didn't hold more gains