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The press release says the boats will have US " interoperability ". You get one guess where they will be built (Clue - it won't be Japan)

Please do not breach copyright - just give the link

Elias - thanks for the link and I remember reading it when first published. But the essence of Q6 is "Do you intend to keep paying dividends?" and the answer was "Yes" I was just trying to speculate on what a realistic divi could be with a profit of around 1Mil and what that would do to the Share Price. I see no reason why it could not double by the end of the 17/18 year bearing in mind it seems to be low at the moment.s

Thank nicky - interesting article. We've been dealing with Velan for some years now, historically in the Oil & Gas market. It seems as if we are now broadening our products. BUT where are the sales we really need to give us time to get into the Aerospace markets?I

The current MC is 50% of last years revenue. If that is maintained then in some 18 Months or so the share price will rise some 50%. However you would think that if the Dividend was raised this would raise the MC. I think the current Divi cost some 45K. So, with a profit approaching 1 Mill in the 17/18 financial year what might the Divi grow to. I think this is key to the MC. Thoughts anyone?

As baccy predicted. Revenue doubled in the 2nd half with a small profit and probably enough working capital in cash. Oh - and a 70 Mill order book. Can't wait for the July update and AGM

over the last 4/5 years I spent 3k to achieve 1k of current value. I have just spent another 3k which I assure you don't half bring down the average! I'm gambling on getting the Gibraltar deal. This will give two benefits, the first is the credibility of the deal as it revisits a previous installation, but the real benefit is the revenue. It will boost this years figures but massively increase next years in spite of the fact that Northumberland water will get a big slice. The real benefit is that it allows the two other recently announce joint ventures to start adding value in '17 and come through in '18. The Modi Indian government intends to increase infrastructure investment and Advanti has extensive ties in many regions. The Bilfinger Babcock deal may take longer to achieve commercial profitability but it has two bites of the cherry because it can be applied to both new builds and retro fitted to others. Add to the mix the two recent major sales appointments for the monitoring division in the USA and Canada and I'm starting to believe 3K is timid!!! In the last 12 months this company has, IMO, got all It's ducks in a row. I now await it making me rich!!

I bought 3K this morning (start of the ISA season) and it registered on Digitallook as a sell. I wonder about the other 8/9 transactions this morning. Would it have been wrong if it was say 20/30 times greater?. It is annoying as sometimes you do get a bit down or up on these reports and it could influence buying decisions. Does any one know of a more accurate website?

Yes nikilauda 8 years and counting! It seems as though the powers that be at Airbus have approved the coating but that now we are doing part specific testing. My query is that with the running costs at Virginia which include 6 wages eating up cash does anybody know how things are doing? It's 17 months to the Chrome ban and we just have not the cash or sales to last that long IMO. if we're getting paid for the testing then that would help.

Correct! A right shellacking is what we're getting! Query anybody. If the 3 reactors at Bicester are capable of say 4/6 Mill of annual revenue and we are doing say less than 3 Mill what are 6 guys and 2 reactors doing in Virginia? On 7th Jan Kirkham said that Virginia was doing "Exiting customer trials" The AGM statement, 22nd Feb, said Virginia was producing " Good quality coatings for verification and testing" Bicester has been doing this since I first bought in in 2006! Does anybody know if there is some really really new slant or am I and HDD both going down the tubes. Augusta please lift us off!!

Many thanks for your time and trouble to spread the good news. I particularly like the fact that the on-board installations are down to the customer because trying to hit a moving target is the difficult bit. I enjoyed the links to the Indian Summit. I did wonder if the new contract was in fact India. I have a soft spot that way because of my seafaring days when I not only visited but used to work with Indian Crews. I think India could be a mega bit of business potential. If it succeeds in solving its disjointed political and financial boundaries it is the next China and plus 10 % annual growth is easily achievable. Thanks again for your welcome information.

I really hope your right. The next financial year is a few days away and there will be a need for extra people to oversee the installation of phase 1 on the new contract once it's been defined. Unless the whole thing is put on the customer, which could lead to loss of control, then SRT will incur costs. I rather like the way that this company runs but they don't have installation teams. Hopefully this is part of the customers costs. Much as you explained about the production methods. This 'Asia contract' will be as well as other orders. I may be looking on the black side but my experience in future growth of other companies leads me to believe that it always takes longer than anybody thinks. I have to say that over the last 3/4 years this is the first time that SRT have got to this position but it has taken many years to get to this point in spite of optimistic predictions. Lets hope your optimism beats my pessimism!! Cheers now

I'm a new investor and have topped up twice this month. The share price is high (Market Cap is 4 times revenue) but I'm impressed by the straightforward way that ST conducts his webcasts and the price reflects the expectations. As an ex-merchant navy seafarer I can see the revenue potential but there will be a bit of a delay before the profits and dividends come through as the company has huge, costly, growth potential. Say 3 financial years to real profits and lovely dividends? u ma

I agree RRJ. Not a good update and my local Sainsbury's has just put the price up 1P a litre! This financial year was always going to be a problem and to have 6 extra wages in Virginia is not going to help. Which will come first; the cash call or the orders?

The current SP gives a Market Cap of some £12 Mill which is not bad for a reinvented new company that has yet to make profits. The Spirec - Serco partnership seems to be hanging fire a bit so the second half figures need to be a real improvement or revenue could actually decrease. However the board seem to be on the ball and are confident going forward. I think for real upward movement there needs to be profits and resultant dividend. 2/3 years possibly.

Thanks for that baccy, I wasn't aware that all production is outsourced, certainly gives us flexibility. Sounds very good to me and judging by this morning early trades so do other people! If the new contract is worth an average of £2 Mill per month - say £1 in the 1st year, £2 in the 2nd and £3 in the third then if the 'Jam Today' in ST's December podcast comes good then £30 Mill in the 2nd year is looking almost conservative. Let the good times roll.

I don't know that much about the companies production facilities. I assumed that as the revenue has been less than £10 Mill in the past many years to get to say £40/50 Mill in three years they would need to double or treble their staff and facilities. Plus of course they will need a far greater supply of parts. It's not just the buying of the parts you also have to have somewhere to receive / store them both before they are assembled and also before they're shipped. They may well need to employ extra management to oversee the whole thing. I just thought it would be unlikely that they had that capacity at the moment. Hopefully the build up will be controlled and the costs be covered by the extra revenue.

I originally bought in at 21p in January and topped up this week. At £39.21 Mill the MC is some four times revenue. This obviously reflects expectations. There may well be an improvement in the short term, 40p seems possible but I think that the real rise in the share price will come in a couple of years or so when the company is in a position to pay dividends. Perhaps in financial year 2019/2020? I'm more than happy to wait as the profit ratio is good once the expansion costs have been met.

Thanks bakky, Nice to know the CEO is that approachable. I've been following SRT for a year or two and it seems to be a well run Company. I only bought in in January so for once I've got my timing right! Cheers

All though it seems common knowledge that the new order has un upfront cash element I can see no official confirmation. However revisiting ST's December podcast he states that he expects new orders in the coming New Year. If this is so then there will be, not only a possible record six months revenue, but maybe enough cash to fund the initial deliveries with perhaps a little loan funding. Either way the whole thing seems to be a well organised up scaling with minimum risk.