Member Info for TruroTrader

Interesting timing here. We start in June so will have 3 good months to boost our September year end. In addition the September '24 year ban on HCP can only boost both year end '24 but all future years.

Hi saintly, I've been hear since '06 and yes the delays have been horrendous, some 13 years for airbus and around 9 for Leonardo and if my memory serves HCP was originally announced to be banned In '17. I think at last we have a game changer on our hands. Nice to know I made the right call! Only 20 years to make a profit!

Hi Earlof, not to sure of similarities. Dentons, the solicitors acting, agreed to a no win no fee agreement. But this was after a few investors put up enough cash for Dentons to do an evaluation. So after those investors are repaid (with a handsome justifiable profit I guess) and Dentons submit their costs and profits there a few chunks less for us. But whatever is left for us will be for nothing anyway!

If we do alright I may well chuck a few quid into Eco Building as I reckon it's a system that has come along at the right time.

You can actually tie the roof down through the walls to the foundations which might stop some of the wooden houses in the USA from blowing away!

Ria20. 11 green boxes already this morning - total rubbish.

Hi FuelFor,

I posted on Friday. I did a small top-up then at 15.56 following the RNS and by the close of play it was up some 50%! The RTO has taken longer than I expected but the rational is still very good. This could be massive for me, my ISA holding average is 1.5655p!

PS. I don't have to supervise the anti-fouling - the Captain does it for me!

Well now - just broke into profit! Took a bit of a punt with a lot of averaging down. I might just be in love with CG !!!

This latest RNS is the latest in a slew of positive updates with little SP reaction. Time for an SRT Webcast perhaps - some 6 months since the last one.

Wouldn't say no pommefrite! Pick me up on the way through!

PS. pommefrite - Catering background?

How to lift the SP. I know that if we declare a Divi there is less cash for R & D. But we appear to have some 3 Mill in cash. A token Divi of say .25 of a penny would cost some £750K - say 1 Mill with maiden divi costs. I don't see that as holding much R & D back and we are cash generative anyway and also are debt free!

The upside is the publicity a maiden divi generates and the demonstration of the BoD's confidence in the future. Importantly it opens up a whole new set of investors. Many PIs and IIs will only buy shares in profitable companies that pay Divis. We are now in our third year of profitability with a highly visible revenue and profits stream that can only grow. I see a Divi as a positive step.

What a cracker. This is real icing on the cake. 3000 opportunities to sell Nexus alone! It could develop into a must have in the American leisure boat market.

A few years ago ST said that he would like to see the transceiver revenue side of the business cover the whole company costs. Give this deal a year or two to mature and it could easily do this. I'm well impressed!

The award includes the costs. The 28 day correction/challenge period is over by some 3 months. Unless the defendants did successfully challenge then they have to pay. You can't appeal an Arbitration award. However they could be insolvent

The RNS did say that Fox intends to pursue the recovery. The amount payed could still change if both parties agreed to it.

Hi Sam - yes very slow! I went to the September '21 AGM and there were 2 close contracts. One was the Saudi one that is currently being expedited and the other is still to come!

Hi goodapple, We do monitoring of course but usually in coastal waters that are quite small in relation to the high seas and usually with quite a bit of kit such as radar towers that have limited usage. My guess is that to monitor international waters would need satellites as a primary method and possibly a bespoke array. The bigger defense companies might be better placed?

Hi goodapple, not to sure how SRT gain from this?

Understandably the Taito agreement has no time scale and no indication of punter take up whereas the future direction of GMR may well be announced this month which may well influence the SP! - upwards we hope!

We don't really know what this is. We're in our third profitable year with a highly visible increasing revenue stream and no debt. The company is highly cash generative. All this is absolutely wonderful.

But we don't know what the 'Companies ongoing commercial objectives' are. Buy-backs, Divis, Takeovers? It would be good to get some clarification. I think the market is awaiting some sort of forward planning?

Well he has perhaps moved the squib into the sun a bit!!

The biggie is the resurging O & G markets so we should do well there. Airbus is apparently going to increase parts - could even get revenue into double digit percentages!! This has to be an improving revenue stream. Turbine orders should come through so perhaps we might get good interim figures and as always we continue testing in new arears.

Got a feeling this year is going to be important. Covid effect over and supply chain shortages easing all we need is sales!!

Well, just a bit of a damp squib. The bit that disappoints me is the 13 years of Airbus testing and jumping through their hoops plus the 9 years of testing with Leonardo and we achieve 4% of revenue!!!

The good bit is the energy sector. I remember some 2/3 years saying the Turbine guys seem a lot more proactive. They've certainly saved our bacon in my book!!!

As I've said before HDD moves comparatively slowly but at least we are progressing on all fronts. Successful testing is underway on hopefully more immediate projects and there is a range of them underway. No figures on the 1st quarter's revenue but at least it was an improvement! The interims will be crucial. It's always jam tomorrow here folks!

Hi Taser, yes Interims 8.5 Revenue. Double that to 17 and add a bit and not far off 20? Interims profit 1.3 double that to 2.6 and again add a higher profit level on extra revenue as costs mainly already covered. OK say 4 to 5 Profit?

I'm dreaming on!

Update got to be this week surely! If Revenue is £20m and profit say £5m then I wonder what they'll do with the money. I don't know but I don't think we've got much debt now? Lottery tickets, Dividend, Directors bonuses - the list goes on!

I'm with you Hardboy. Simon is 100% as open as he can be. The French connection probably dates back to a contract some 6/7 years ago when we were awarded a contract (around £70 Mill) from a French contractor to the Philippines. When the French government, who were the fund providers, realised it was an English company who got the contract they cancelled the funding!

We then negotiated directly with the Philippines. This is our business model. We always negotiate directly with the Government concerned. Not to sure what the problem actually is?

There are operational/admin type reorganisations going on at the moment as PYC does seem to be getting busier. The December Interims update/report may well shine lights on progress. Looking forward to the RNS's.