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Hi Dibs. Your 12.16. Airbus are not the direct customer. Their suppliers are. There are possible alternatives from other air plane manufacturing companies for their suppliers to consider. The Airbus approval is massive but there are alternatives. The European HCP ban in September, can, according to HDD, be challenged and possibly be extended. Either a supplier or two go with HDD and/or perhaps other airplane manufactures suppliers also go with HDD or the cash burn caused by Virginia sinks us. Or we have more cash calls. Squeaky Bum time.

Yes, GE are quite happy to deal with innovative start-up companies as their attitude is that they have been saved the R & D costs and time. If this order is part of the new company then there could well be more to come.

The latest two contracts add some 15% revenue over each of the next two years without factoring in the two long term MoD contracts - surely it's time this is reflected in the sp. The current price means that the market sees the company only worth current annual revenue - and a third of that is in cash!

Hi bakky,, You sounded a note of caution some months ago re an historical issue re Mexico. There's been no new news since your note of caution about any other new contracts so is the Mexico thing a past one of SRT learning curve - perhaps a cancelled contract? I accept that whatever the Mexico thing was that it died at that time but you seem not to be so cautious now and more upbeat. I have to say that I think the way this company is set up they can maximise profits, and as the last six months results show, when things slow so do the costs - pretty damn neat in my book!

With an immediate start it means over 10% of revenue increase over the next 2 financial years. With the start up 5 year MOD contracts starting next year it will be impossible not to make profits! It just gets better!

And Lo - so it came to pass!

ST has always said that the timing of the orders is unknown and that it is difficult to predict when invoices will be issued. It just feels like there could be some good times coming on down. We will of course need to issue a chunky invoice on the big Asian order but fortunately that contract started just as our year started.

Is Gibraltar rocking up?

I think it was the third week in November that we last got the full year A/C. So this year - increased revenue, profits and divi and no real increase in the sp from last year. I simply don't belieeeve it!

Dearie me another drop. Surely the Vigilant contracts signed halfway through the financial year will boost both this and next years figures?. Fastvein does not seem to be quite the rising star it might have been and of course we have no idea about the recent Access acquisition or the middle east office but with no real debt the recent downward drift does seem overdone to me. Nothing to do but wait and see. I wonder if a divi boost will help the sp? One can but hope.

Fortunately, sam7, I don't go back that far. I bought some 3 years ago on a DGT punt at 13p However I have topped up some 5/6 times since because of the way the company has changed. I now need 5.3p to break evan. I intend to run with my current holding for possibly the next 2/3 years until I can gauge the strength of dividends against any uprating of the sp. I have a feeling that this company will grow and make good profits.

Not to sure how 'we' are provoking N Korea. Does Kim Jong-un need provoking? I think he is doing a good job all on his own! The sp is reflecting what is in effect a new company having re-inventing itself in the last 3/4 years or so and which has not made a profit yet. This may change in this current year. However with new revenue growth in the next 4/5 years with defense orders alone profits will come and so the sp will rise. Bear in mind that at the current MC about a third is in cash therefore you would hope the upside potential is very good. One to tuck away for the future. If a buyer appeared I would expect the SP to more than doublet

Yes this does increase interest in subs. NATO is only a sum of the parts of the members in the North. The good news for us is that while the current programme in the UK and France is progressing well we also have won an order or two in Asia so we seem to be supplying both sides - Happy days!.

The cost increase in Virginia to the company is , I think, 6 wages plus the building and running cost. I have no idea the actual cost of this. It is of course true that sales to the USA get a weakened Pound uplift but that would apply if the process was done in Oxford. The three large reactors there could probably cope with the total order book running at half capacity. If you look at the past revenue figures that applied when we only had two reactors you will see turnover of some 3 Mill. I don't think we'll do 3 Mill this year even with 5 reactors. The 9 years testing with Airbus was done to approve the Hardide coating on existing parts that are supplied to Airbus from outside firms. We are apparently now testing with certain suppliers. It may well of course apply to new types eventually. The Augusta helicopter tests are also intended for existing parts. It is the proposed ban on Hard Chrome Plating in Sept 17 that has been the driver for this. This is a similar situation to the Oil and Gas customers, we currently coat many parts that have been in production for many years. We just make them last longer. The other point to think of is our mode of operation. We don't actually make parts as such. The customer gives us a part which we coat and we then return it with an invoice. No stock costs involved except gas and the only production costs are to the customers order. Pretty uncomplicated and pretty good margins.

A bit of a mixed statement. The full years figures are going to be grim and actually not that important now - the future rests with Virginia and aerospace so I'm hoping that the post year end update will be positive. The revenue being produced at Virginia is that which is not being produced in Oxford as we are currently running at perhaps 20% capacity. My concern is the cost of Virginia which has recently gone up by 20% By mid December we will be some 9 Months away from the HCP ban and you would have thought that the bigger companies that use HCP would have either got alternatives in place or be confident of an extension. I am hoping that by then Hardide will be in a position to able to deliver a meaningful update which in my view will be the important bit of the report. The positives are the two recent fund raisers that shows confidence in the company. Interesting times!!

Yes it looks as if last months director buys were justified!! The first year figures were poor and we need to do 2Mill this half to achieve last years figures so this order is half of a half. The Aqua Pak order to Oman as in the half years report was not quantified but it looks much more promising now. It does seem as if the company now id getting some momentum - onwards and upwards!

Exactly right Megabux. This adds to the long term revenue and provides real clout to the sales and marketing boys. What a transformation this company has been over the last three years - it just keeps getting better.

The RNS said that this was a four year negotiation. ST has stated in more than one webcast that they are in long term discussions with a range of governments but they have no real idea of when the orders will come in. If the current Asian order is worth 10/11 Mill this financial rear then 16/17 mill seems more likely bearing in mind the abysmal 1st half figures. However both the Asian and Saudi orders will give a big boost to next years figures. I don't know what the 70k 0f transceivers is worth and there is no time scale given but as it seems that only a small initial order is being filled for this financial year so it could be bit drawn out. But hey! This really gives long term revenue a big boost. Happy Days!

Yes, many a slip between cup and the lip. But the publicity from the panama and trinity house contracts should help to promote us and as you say, 80/90mill deals are rare but a couple of smaller ones will do! Providing SRT fulfil the Asian contract then they will have a good cash pile in any case. It will possibly depend on the ability to actually manage the contract but the product seems good. I also like the way SRT engage with shareholders. In the past I've discovered that when the BOD is keen to communicate it's because they believe it's the right thing to do or they're trying to keep the investors close to tap them for more funds. Hey Ho - time will tell but I think I'm going to ride this one - hopefully not into the sunset!! South American contract next year?? I reckon it's a little bit of a long shot but as I've done in the past I pays my monies and I make my bets.

The 1st half figures were a real disappointment but the share price has taken it in it's stride. I am really encouraged. I have always had a nagging ambition to buy into an upcoming company in it's early stages, hold my shares, and recoup my investment through dividends when it finally makes it - pie in the sky - BUT -. This is a company that roughly breaks even on 8/10 mil of revenue that signs a 3 year government contract of (post Brexit ) around 80/90 Mill. It may not be unique but it is a little unusual! The product is high margin and is constantly being improved. One more similar contract by the end of 2017 and SRT will be so cash rich that they will need to expand into related areas by acquisitions or pay really impressive dividends. Hands on back of head, leaning back and smiling (well for now at least!) I'm well in profit and intend to hold just to see oththntkt90of recevenuev h 6mt update was