Feast and famine As with most small companies in the early stage of their development the share price of SRT alternates between upward spikes as news/contracts/updates are announced and more lengthy periods of steady decline when the absence of any material news produces a trickle of sellers (often who bought on the exciting update) with little corresponding buying interest.We saw this pattern takes the shares down to ~20 at the start of 2016 and following a strong run-up they fell back again to ~30 during the following setback. I may be premature in calling the turn, but am hopeful that this time around we have seen the bottom at ~40. A pattern of rising lows like this has to be good news (whether you are a chartist or not) because it indicates the higher levels at which buying interest is returning. It also sets a higher lift-off point for the next upward tick in the price assuming we get more good news in due course.
Re: AGM Thanks Bill, That's very kind of you
Re: AGM Sorry to hear that Hardboy, all best to you and your family
Re: AGM Sadly I was unable to make the AGM due to a sudden family bereavement - which is a shame as I found it so useful and reassuring last year.
Re: AGM I considered going but can't make it either ... very interested in feedback. Hope it's more than jam tomorrow. Have a good day.
Re: AGM I can't attend, but v interested in hearing feedback...
AGM All being well I'm lined up to go to the AGM next week. Anyone else likely to be there?
Re: UN Contract Agree with that HB especially the high profile bit. Think piracy, you think Somali. Plus UN is a great endorsement. There must be lots of potential clients with the same problem
UN Contract No real mention of value, and probably not that big; but the contract announced this morning sounds really good. Great client to have. High profile area. And fairly short term.
Re: Share price slipping away This goes up & down quite a bit without any news. However it is only around the same price it was immediately before the Finals; and the Finals gave us no surprises, - and markets have been beaten up today. Nothing to worry about IMHO; and if it does drop further - a good chance to top up.
Share price slipping away Well Finncap target is what they think the price will be in time, however looks like in the short term it will fall back until order news arrives. Last fall back it lost about 50% ,lets hope it doesn't drop that far.
Finncap says undervalued Brokers note out says undervalued shoul be 75p
RNS-400% profit increase-looks good lse--from advfnCurrent -sales £11 mill, profit £1.2 millwith an order book of £70 million over next few years turnover would be appx £26millionQuick calculation-£26 million per annum turnover would be an increase of £15 million per annum at 65% gross margin = an extra £9.75 million to the bottom line.say an extra £1 million for overheads and that would give a total profit of £9.95 million per annumWith a market cap of £66million p/e ratio would be 7Potential orders £270 millionLooking very good for the future.
Re: What is happening, New High. Finals are due next week. Volume slightly higher than normal. I'm putting it down to some folk just expecting good things from the finals.
What is happening, New High. Is the a news leak?