We would love to hear your thoughts about our site and services, please take our survey here.
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.
Hi euan, yes more RNS's would be welcome but RNS's, say a couple of years ago, didn't need to be particularly meaningful to be announced compared to todays situation. As we grow so the number of deals/agreements is also growing and each individual deal is less meaningful. It's a good position to be in.
The most important RNS now is last years trading update! say next week?
Hi saintly, it's all now down to revenue. The last major bottleneck re Leonardo appears to be gone. Long term holdups have been sorted. If the orders come in and the revenue demonstrates a persistent growth then all is well.
PS. Perhaps somebody does know John - but they're not telling us !!
Nobody knows John.
We certainly do seem to be expanding. Now 4 on the Board. I wouldn't mind betting Tim Corn could provide a transition path to COO. Which may mean a fifth BoD director later this year. A lot of irons in the current fire. I would think we are an attractive employment proposition
Jim Millen does a very good job of foreword planning . I don't think he's over hiring. I reckon this year is the one where the strings start coming together. Very very pleased.
Hi stick. The short answer is none! We have already sold 3 complete Domain systems. There is obviously various tweaks to both software and hardware but these are just ongoing costs as would be expected. We've been selling the Transponder kit for many many years and so there are tweaks there also. The new Nexus project development cost (some 3 Mill I think) were spread out over the last 2/3 years and it is now readyish to rock. Now we have hit profits there will be no problems. Which brings me back to two new domain systems to underpin the next financial year - oh yes we do need those!
A little pessimistic perhaps pedro - we have a fairly fixed cost base which means that increased revenues feed into profit once the cost base is met. As an example the interims showed a revenue increase 10% and a profit increase of 66%! That jump is not going to happen all the time of course!
This financial year will be our third profitable year. We have a visible increasing income stream based on (A) new customers in existing markets and (B) new markets opening up. The SP may be high to reflect this. After all - what could possibly go wrong!!