Member Info for TruroTrader

Yes indeed 38 Mill now and 19 Mill with the warrants. But if it gets us through the winter and into 2022 with increased production capacity and orders plus possible block sales then in my book it's well worth it. And compo to boot!?

However at a MC of £5 Mill and a spread of less than 4% top-ups are cheap?

Gets us into 2022 and the prospect of more both block and product sales. Fox has it seems backers who consistently step up to the plate. Very encouraging.

I think this is really a bit of a red herring - my guess is that the full year '23 will be the biggy because the Covid issue will be clearer and the core business will either have made it or not. All in all I think we're on track to a bright future anyway.

Not to bothered really but got a feeling this was first mentioned around the time of the name change around Nov '18. Not to sure though. Although the Covid testing revenue seems to be flowing well my guess is that because there is a lot of competition margins will be lower than our core business. Providing Covid travel restrictions aren't to onerous then by March year end we should be back on track with our core business well inside any 5 Yr target and there's still another year to go anyway.

Windward obviously uses AIS as does SRT. I think it's aimed at the bigger commercial vessels such as tankers, bulkers and container ships. Their owners like to know where they are and predictive arrival dates. We are targeting governments and regulatory bodies. My guess is that our development version of AIS is a more sophisticated and a much more targeted version.

goodapple - Chalk and Cheese is about right but here was I thinking that the SP rise was my effort at ramping!!!

johnpwr,

I too bought in in'17 and sold out in '19 because, as I said at the time, it was all a bit to Wild West for me. I manages to turn £5k into £3.4k! However following a change of government and Chris Gilbert still swinging I bought back in and stand in at about 2p a pop. Because I see this as a pure gamble I've accumulated some 750.000 Not exactly bet the farm but certainly a large paddock and a couple of pastures! Irrespective of the Court Case - which must have merit considering the quality of the legal team the biggy for me is falling container freight rates which should start to happen next year by the summer or so. My guess is that we will be as cheap as anybody with comparable quality stone. One other long term biggy is the Stone Alliance. If this comes off then we'll all be millionaires - but not next year Rodney!

Correction to my revenue post. Quite right lovelyboy It's not 2 Mill a week but as I've only used full years '22 and '23 it's in fact only 1 mill a week - cancel the Roller!

Hi champagne, I've only guessed the 2 full years income for '23 and '24 assuming the contracts start after March '22. The actual figure's will be announced in say May/June '24 . so three years if you like but we've no idea when they will actually start but all 4? contracts should hopefully complete by March '24.

Hi lovelyboy, I've only briefly looked at Marlink. They seem to major on communication but that seems to be largely it unless I've missed stuff. SRT has researched and developed AIS to enable the customer to monitor their Marine Domain and to have a reactive capability to exploit the data that SRT's systems generate. What the SRT customer gets is fishery protection and marine security. Plus of course an ongoing data management invoice and an ongoing opportunity to upgrade and expand their systems. As ST said at the AGM customers tend to install a basic system that suits their budget and then build and upgrade as they realise the ongoing benefits. The way I see it, as I've said before, is once they sign the initial deal they in effect become a customer for life - if only for data management. Del-boy would love it!

At the risk of boring the pants off everybody I thought I'd do a bit of ramping re our revenue to full year 2024. I hope my figures are reasonably conservative. So by full year '24 we will receive 77 Mill from the 'imminent contracts' plus say 5 mill from current ones. So £82 Mill.

Transceivers. If we get 10 Mill this year then 12 Mill in '23 and in in '24 with Nexus say 16 Mill. So a total of £28 Mill by '24

Data sales. If 1 Mill this year then 1.5 Mill in'23 and 2.5 Mill in '24 So a total of 4 Mill by '24 This figure does depend on the timing of contract completions. However by recently adopting a more modular supply offering our local partner installers have a more efficient and speedy installation model.

So over the next 2 full years trading we can look at around £109 Mill or put it another way - £2 mill per week which is some two and a half times our current revenue! Of course this takes no notice whatsoever of any further contracts in the next 28 months. Just think:- if we get any then the above figures will be smashed!

Am I on tenterhooks? Well just a little as this is by far my biggest holding but am I jumping the gun. Not really because the history of SRT is :- a good product with constant R & D upgrades that, importantly, customers actually want and combine that with an excellent BoD with a clear long term vision and this is a winner.

Data sales e

Hi Alocasia, I'm still not sure that an RNS re Romania would achieve very much. Obviously the Commercial Director has to make the right noises but he's probably the only truly exited person - if he really is. New countries/territories have been well flagged and have contributed to the feel good factor and we are now expected to expand. As a consequence although the sp has dipped in the last few months we are still quadruple the price of 2 years ago.

This growth has been fueled only by contract/agreement news. Our interims showed a 50% increase in revenue. To my mind we need to show that we can now fulfill our potential by strong revenue growth. Yes new markets are important but the revenue numbers are where we have to deliver. It was only last year that we achieved growth and we need (and will) to demonstrate real growth.

I'm pretty sure the contracts will be here before our year end. I've just done a 4K top-up to put my money were my mouth is! My intention is to take some profits in the new year once the announcements push the sp up to help fund next years ISA.

My confidence is because at the AGM on the 22nd of September ST said that he had been told at the beginning of September that one of the middle east contract customers would go to contract in 10 days. He said he didn't hold his breath! The confidence about four contracts by the end of our year would not be so strong, bearing in mind the 2 year hiatus, if SRT did not believe it.

I think we will have to wait for the 2023 full year for any Jam though. But at least in the September 2022 interims we may get a picture of a pot! Strawberry please.

So - four months to deliver - now that's brave!

Slightly more seriously - it may be the lack of an RNS is because the Rumanian market is small in comparison to our comparatively larger existing markets?

Well sort of reassuring but then they would say that wouldn't they.

Perhaps the teacher would be pleased that the full words were used and not the shortened I'm!

As info. I have asked about the procurement cost and potential annual revenue of the new larger reactor and if that will be the purchase of choice for the future?

Yes indeedy Secularist. Kirkham himself as referred to this as to a 'barrier to entry'. A long term concern could be that our original patents will expire. However we are originating new ones as a our products develop and Kirkham has referred to 'dark arts' of the highly skilled production procedures are a further safeguard. Once this gets going it will grow and run and run and grow!

Hi Richie, Looks like you can get some answers at the presentation to any questions you may have. I actually think the BoD do a good job. I wouldn't still be here if I thought differently. They've kept their noses to the grindstone and have constantly updated an increasing range of products. If airbus decides that it needs a dozen years to approve a product then that's what will happen. If Leonardo decide to restrict their test rig to us then again that's what will happen.

We have cutting edge technology and are such a tiny company that it's almost a miracle the airbus entertained us in the first place. We now have a range of coatings covering a much wider potential customer base. This current year to September is going to be crucial. I've said before that the trigger for me to get excited is when we order more reactors .

They probably cost over a million a pop now but I guess still take a year to get into production from the order being placed. However a fully running reactor will probably generate a bit more a million a year and so recover the cost in about a couple of years or so.

We will have to pay to fully populate both current sites with new reactors and open a third site before we see the mega bucks but because of the high margins this will be a real high earner in the year s to come. HDD has always been a long term punt but I must agree again with RobR about timing!!

These are due Wednesday week on the 8th. There was a lot of orders due for delivery during this full year '22 so we should get a good update on progress there. Not to sure what the BoD can say about the Tier 1 supplier but as it was " in the final stages" in the May interims I thought it might possibly contribute to last years revenue! How wrong can I be?

Totally agree RobR - my 1st purchase was in 2006 and I very wisely selected automatic dividend reinvestment! Now that WAS optimism!

Frustrating or what!? Just some four weeks to calendar year end which will make it two years since they were first discussed here. So from a high of the mid fifties the SP is going towards the mid thirties. Bit of a bummer and understandable really but, never mind Rodney , "This time next year......"

For the avoidance of doubt I believe it's when, not if and the transformation should be spectacular - whichever year it happens in!