RE: Software Radio Technology20 Nov 2009 08:17
Excellent set of interims announced..This AIM-quoted developer of maritime identification and tracking technologies, announces its unaudited interim results for the six months ended 30 September 2009. During the first six months, SRT started to see the fruits of its long term strategy. Revenues increased by 122% to £2.1 million whilst the loss for the period reduced from £402,000 to £31,000 compared to the first six months of
last year. Net cash balances increased by 32% from £535,000 at 31 March 2009 to £705,000 at 30 September 2009. This stock is doing the rounds amongst the professional tipsters, some quoting target price 30p upweards. All as i know is that SRT has the oceans and shipping lanes and all those shipping vessels that use them in the palm of its hands. SRT is the only one a few companies that offers a reasonably priced offering to maritime tracking security devices. Share price presents excellent value at current levels.