Member Info for TruroTrader

Quite right john , I'm not to certain what the protocol is when shares are suspended but the company is still trading (we hope!) and so they can RNS the usual news you would think? I definitely think some update on trading would be good after all the end of June is our half year.

As regards the compensation situation, this is going to be a case of, yes we've won this, or, no we've got nothing. But think on this, If we NET £42 Mill, which is some 25% of our claim, then that equates to 10p per share. Half for us shareholders and half for the company to grow the new business and then we're all living in clover!

The fly in the ointment may be that even if we win the Kosovan government may well have no money anyway! If this is so then CG will have to be really inventive! All good fun folks!!

In the past there was not a lot of recruitment, but in the last couple of years this has changed, as has the company, in that we are pursuing new business streams. I'm not saying we are recession proof but cancer and personalised medicine research does seem to be in a critical stage with many companies involved.

The recent recruitments, including a NED, show the confidence of the BoD. Personally I think this confidence is justified and I'm looking forward to a full year trading update in a couple of months or so. Onwards and upwards!

Most AIM shares are down over the last few months or so, and in particular those who are not in profit. Not to certain though who is in control of any individual SP? It's usually considered 'market forces' - whatever that is!

Hi Siennaj, I've got one from you on Tuesday at 00:13 an d one from Laura at 07:43 also on Tuesday. The next one I've got yours at 13:53 on Thursday. More than one poster removed I think. I didn't read any thing contentious in any of the posts. All a bit strange!

Providing they make a good stab at it we should be all right. If there's clear growth in our 'core' products and the US revenues are promising then the potential will be much more obvious. As our core products seem to be top drawer I reckon we will be OK. It all looks pretty good to me. Not quite "next year Rodney" but pretty close.

I think it's pretty damn simple - it's replacing Covid revenues. Last year we doubled our income. If we can achieve expanding sales in our previous global territories and make strong US sales, which is our newest territory, then the SP will start to recover. I wonder of we will get a maiden 1st quarter update?

Thanks kidlington for the link - worth a visit folks! It basically reiterates the progress our well managed company is making. We are on the cusp of an important breakthrough into profits. Perhaps, more importantly, our technology will lead to a medical breakthrough into oncology and personalised medication. Very pleased to be part of the journey.

Hi Stinger, don't know anything about ISoftbet so don't know how the comparison works. There's a 21 minute interview on the investor section of GMR's website with Peel Hunt. GMR's cost base is now largely fixed and Slingo is starting to became a games category in it's own right and we own it completely. This is a company still on the start of a journey and the SP reflects the potential. In the last 3/4 years the company has refocused on it's strengths and all it's metrics are upwards. The profit last year was actually 1.25 Mill with rising revenue and largely fixed costs. Add in new territories, new games both Slingo and non Slingo (12 this year) plus new operators and licensees and continued development in 'old' markets and the growth here could be exponential. In 2/3 years a MC of 80 Mill will could well be trebled or more as the bottom line grows because there is little to hold it back.

Thanks for the links extrader. You would think that the buoys, as it's the Philippine Coastguard that's installing them, would have SRT's kit on them possibly pre-installed.

As for the Quad initiative if it's just satellite surveillance then the SRT system has a lot more Bells and whistles. SRT has said that once the initial contract is completed then add-ons are inevitably ordered as indeed Bahrain and the Philippines have already demonstrated and in fact Saudi is already in discussion with extras as well as requesting a speeded up initial order. Quad will need to come to a decision at some future point and could even talk to SRT at some point with a sales demonstration with one of the partners! Who-Hoo!

The RNS can only help things. I think the market at the moment is waiting to see if we can replace our Covid revenue from the States. If we can, or at least make a good stab at it, then all will be well because the Stateside revenue can only increase. Obviously other regions are important but I think it rests on the USA.

I do think it's as simple as that. Both the CMD and the trading update were pretty positive I'm confident we are about to crack breakeven and profitability quite easily by March '24 - maybe even in 1st half of '23 - '24. I'll say one thing - we never had this visibility with Vialogy!!!

Deary me john, you really sound in the doldrums. A couple of things: If you visit the website the pictures are hardly glorified sheds! Sir Mark Grant is pretty high powered and would not have come on board unless he thought the project was viable and to raise £400K at 2% a year is like for nothing so again the project must have some merit.

The Stone Alliance is in abeyance and denying access to the Malesheva quarry may be well be used by the legal team for saying it's not being a starter for 10.

My concern is that the company will consolidate shares in the new company when they are re-admitted but we will wait and see. Any way cheer up john - you may well be pleasantly surprised but at least you won't be disappointed!

The Saudi contract started Jan '22 and was "well prepared". I saw the servers assembled in the warehouse during the AGM. This pre-assembly was in response to a request from the customer to speed things up if possible in spite of the governmental delay on their part. Previously the parts had been sent separately and assembled on site and SRT said that doing it this way had certain advantages and would be the preferred way forward.

If the 12 month completion request is achieved then the whole contract could well be paid for, (or say 90%) by May 2023 and with further orders ongoing. It certainly seems a case of 'once a customer, always a customer'. I'm eagerly awaiting 1st half figures and update.

Hi twix, Blimey £4.50 - I thought I was hard done by at £1.84! However my ISA holdings are now at 11.96 and my non-ISA at 8.42. My take is I intend to stay here but will take some profits as and when. I would be more than happy not to be taken over/sold as I believe the basis for real growth is now with us - it's too long a haul for me so far not to get the pleasure of seeing the next few years through. We are now in a very good place although of course a lot depends on how quickly revenue builds in the States. Nor quite "This time next year Rodney" but close.

Well what we got was a pretty standard webcast with no Chairman. The Saudi contract accelerated plus already engaging in upgrades, the 130 Mill contract hinted at (twice?) and component shortages' while ongoing were not to problematic. Importantly all seems well anyway and the VSL is progressing.

I remember SRT saying some years ago, in a webcast, that an aim might be to get the transceiver side revenue to cover the whole running costs. Perhaps a little ambitious but if one adds in the ongoing revenue from the ongoing data transmission fees (which were non-existent then) there is a possibility that with Nexus this could actually happen. Imagine contract margins dropping straight to the bottom line! Onwards and upwards I think.

For me the test is how quickly the US revenue replaces the Covid revenue. To double the revenue last year was quite an achievement but I would think that competition reduced the profit. Our core business is pretty much based on a range of largely USP products, as is Ranger, and I think we're getting back to basics in higher margin environments. I'm pretty certain that if the US picks up quickly and our other USP products continue to grow so will the SP - this time next year rodders!

Thanks for the info extrader. I don't think SRT will give any specific pointers to this but it will be interesting to see if it is mentioned and how much emphasis is put on it if so. There are 2 points that have interest for me, one is the state of the VSP and the electronic chip situation is the other. As an aside apparently captured Russian amour vehicles have some domestic white good chips as Russia is unable to import the ones it wants! So perhaps there's more for the rest of us!?

The trouble is that SRT can do nothing about either of them. Should get an update on Nexus which SRT was quite bullish about at the AGM. One final point is that the tone may well be different from the quarterly webcasts which in itself will be interesting. I'm looking forward to it as our story now is a good one. If we land 2 contracts in the next 7 months then all our troubles will be over and gosh the prospect of a divi will rear it's head by next March - can't believe it!!!

Thanks bluerill for the dose of realism. As I've said before CG has always played the game and the caliber of Sir Mark Grant means that the business strategy should be sound. Presumably as the shares are suspended we will get no RNSs but have to wait for the prospectus - lets hope it's not long now.

Hi extrader, Just had a look but also noticed No 64 which seems to be a similar project but appears to have Spain as the country involved? Not to sure about the Green Book - just because a project is on it, is it certain to go ahead? I hope it's not just a wish list?

Hi Richie, Hope you find the following constructive. HDD was always going to be expensive to develop not just for the cost of the reactors but also by the year long lead time. Very difficult to get right. The other cost is the operators relatively high wages. This is a unique job and extensive training is needed.

However not to sure re the 3.6 mill cap raise in '17 for the new premises. There is an RNS in Oct'17 for 2.54 Mill the bulk of which was stated for 2 new US reactors. This is reiterated in the post-period of the '17 full year account and described as oversubscribed. There was a fund raise of 3.6 Mill in March '19. There is also an RNS in Aug '19 re 3 new reactors - 2 for the new UK premises and 1 for the US. I'm not saying the fund raising didn't happen but the reality is that it was done in a relatively structured way and with the need to plan some 2/3 years in advance my take is that it was done pretty much as well as could be expected without the benefit of hindsight.

I bought here in '06 for two reasons, the first was the USP which is still the case and with sufficient barriers to entry to hopefully ensure the next decade or two. The second was the operational model. It couldn't be simpler or cheaper. We have to pay premises wages power and various admin costs as does most businesses but apart from that we only have to buy and store gas. We do not have to buy store and administer any raw materials or even do the same for products. The customer supplies the part, we coat it, we attach an invoice and return it. Simples!

Once we cover our relatively low operational costs any revenue will fall to the bottom line quite easily. My hope is that what we lose on the expansion and development swings we gain on the operational roundabout. Cheers

There are two sides to the coin here. Unfortunately when the BoD made the decision to move to the new site and order the reactors they knew not of the coming pandemic. However on the bright side revenue is increasing at it's fastest rate. There are more sales and potential sales in the offing than ever before and the testing programs are bigger than ever before as in EV's, Solar Panels and both gas and steam turbine blades in testing and production. We should see record revenues in this current year. So it would appear that we are in the best position we have ever been in? I think it is a fact that if EDF make a production order then new larger capacity reactors will be needed.

Just think - one last push and it could all be over by Christmas and into profits !!!