Hardboy
30 Mar 2017
Middle East Contract The contract win announced this morning sounds substantial; but it is so hard to tell given how little they can say about these Government Contracts. But it should be complete in 2 years, and covers thousands of vessels, does make it sound large. I suppose given what Simon said in his e mail about having the notify the market within 24 hours if brokers' forecasts move by 10% (I think that's what he said anyway) if this contract win does change forecasts a trading statement should follow.The one thing I hope is they stay on top of their payments receipts & Debt chasing. When it comes to many of the emerging nations (like in the Middle East & Far East) it is one thing getting contracts with Governments, but quite another getting the money out of them according to the contract.
Hardboy
28 Mar 2017
New Product (Or way of marketing existing technology.) "The SRT VTS SYSTEM, a complete port and waterway monitoring and management solution ideal for medium and small ports and busy waterwaysQuick and easy to install, The SRT VTS System can be scaled to suit the needs and budget of any port – from the smallest to the largest. The SRT VTS system provides accurate and reliable on screen monitoring of all maritime traffic with a broad range of powerful functionality that deliver significantly enhanced situational awareness. System functionality includes the ability to fuse data from multiple sensors such as AIS, Radar, CCTV and Communications, the ability to filter targets using a wide range of criteria, configurable vessel activity and proximity analysis and alerts, live weather streaming and much more. All data is displayed using the very latest GeoVS chart and live sensor data visualisation integration technology which creates a highly accurate real time digital display of your port and waterway in wide area 2D or Dynamic-3D delivering unmatched operator engagement and situational awareness. The SRT VTS System allows instant replay of any incident with the benefit of dynamic perspective courtesy of Dynamic-3D, the ability for your operator to ‘virtually’ place themselves on the bridge of any vessel in real time, to transmit virtual AtoN’s to help guide vessels, or to instantly highlight danger areas for any vessel taking into account vessel draft, live tide level and infrastructure. Just a few of the many functionalities delivered by the SRT VTS system. The result is significantly enhanced situational awareness and thus greater control over your port and waterways. The SRT VTS System is modular and scalable enabling any requirement and budget to be met. Starting from a single PC and one AIS coast station you can build a system that seamlessly integrates multiple radars, CCTV, AIS, communications and logistics across multiple locations and operators. This unique modular architecture ensures a future proof, flexible and cost efficient VTS system that grows and evolves with you over time. The SRT VTS System is used by ports around the world including Portsmouth, Panama Canal, and PTP in Malaysia to name only three. SRT works with each customer to specify and deliver the system that best fits their requirements and budgets. SRT offers a flexible range of pricing which includes financing and lease packages. Visit www.srt-marine.com to learn more about our VTS solutions or contact us at [email protected] to discuss your requirements with one of our experts. "
Omaha man
21 Mar 2017
Re: Share Price We do indeed have it from the top that the business is doing well - but then he wouldn't be the first CEO to talk a strongly positive story right up to the point of collapse. I don't say that because I believe it's what is going to happen (I wouldn't have bought more in that case clearly), but rather as caution about taking such words at face value, particularly when expressed privately rather than in a market statement.
Hardboy
21 Mar 2017
Re: Share Price OM - all good points.And I am one who was eagerly expecting more new juicy contracts after the first was signed, but that was because of the expectations given to us at the AGM, which is now 8 months ago. (The pot of jam we were given, is still waiting to be opened.) However we have from the horse's mouth the state of business as of a few days ago, so we should not be selling (at these prices.) And let's not forget the significance of the major contract they won. SRT has been struggling to make more than £10m a year in sales. That contract was (if my memory serves me correctly) €90m over 3 years, so worth almost 3 times what the business had been doing before that. I have not added yet, despite, my recommendation yesterday. I am trying to judge when it has stopped falling. Also I am aware that I have a rather large exposure to these already.
Omaha man
21 Mar 2017
Re: Share Price True up to a point. The problem is that with very early stage companies such as SRT the market is always looking for news of new contracts or details of progress (just think of the people on this BB who were eagerly 'expecting' more contracts after the main one was signed some time ago). In the absence of these a dribble of sellers turns into a general price slide and undermines confidence even of long term supporters. It's always easy to believe that the sellers know something that you don't so maybe you should be selling too.Personally I added in a very small way to my holding yesterday, the price having come right back to below my average entry cost (and I have been a holder for nearly 6 years!). I would hope we get a positive end of year update in the next couple of weeks because otherwise I suspect the drift will continue.
Hardboy
20 Mar 2017
Share Price There has been no news of any relevance in the past 3 months, so markets should value the shares much the same now as they did 3 months ago, possibly higher, as markets are more positive than they were 3 months ago.However 3 months ago the share price was 42, now it is 30.75 - that is more than 25% lower. It's up to investors to work out which valuation is more accurate,
Barry Passu
03 Mar 2017
Re: A message from the CEO Yes, well done Clitheroe. Great response to a well timed email. You've been pasted on ADVFN, too BTW.Click on "read full message" Hardboy, bottom left. I feel a lot better about this share now.
Clitheroekid
02 Mar 2017
A message from the CEO Like, I'm sure, fellow shareholders I've been rather concerned and a little depressed by the recent slide in the SP. However, I know from past experience that Simon Tucker is most unusual amongst CEO's in that he does actually care about private shareholders.I therefore emailed him earlier today expressing my concerns, and he replied as follows - as you will see, he's consented to the email being published:"Thanks for getting in touch – I am always more than happy to speak with the owners of SRT.To me the short term share price fluctuations are a complete mystery. They are of course driven by shareholders themselves being prepared to buy and or sell at dramatically differing prices, but why there are such sharp changes in price without cause other than baseless discussion and rumours really does baffle me. I must admit that I now ignore these short term movements and focus on the day job of continuing to build SRT since in the end the share price is a simple function of the underlying value of the business which in turn is of course driven by the financials – not short term sentiment.I see from the discussion boards that there is an expectation and desire for us to provide deep insight into project deliverables and progress and I think the lack of us providing this has lead to people concluding that nothing is happening. This is incorrect. On the project side of the business, where we sell complete systems, we will announce a contract per AIM rules. However probably the most basic information with very little detail due to the fact that these projects are usually of national security importance and thus the customer is very sensitive. Once we have done this we will not then issue progress updates – this is not something that any of our project customers will permit and even if they did, once we went down that road, given that the schedules and deliverables of such projects change regularly, we would be updating people almost daily and many would become frustrated as reasons behind the changes are frequently crazy. Therefore the fact that we do not provide progress reports on a project does not mean nothing is happening. Its also well to remember that in addition to our projects business, we have other revenue sources, which whilst the individual orders are smaller than a large project contract, they are regular. Our em-trak business, sells AIS transceivers to a network of dealers and directly via our web site on a daily basis. Our OEM customers, all of whom are major marine electronics brands are selling our products under their brands via their dealer networks on a daily basis. Our Ports & waterways business (in which AtoN sits) is gathering pace too – albeit as I have consistently said, slowly but surely. Finally, the AIM rules are very clear. If something material occurs, good or bad, the company must immediately (next day at the very latest) make an RNS to inform the market. This includes if we determine that we will miss (above or below) the broker market forecasts by more than 10%. This is not something which is negotiable or, as I see some on the bulletin boards seem to think, that we can play around with in regards to timing. I now say to anyone looking at SRT as a possible investment, that firstly you should satisfy yourself that countries are now interested in monitoring their marine domain. Secondly that AIS has become a critical technology in any maritime domain awareness application. This is easily done through some googling. If you answer yes to both of these, make a few calls and do some more research in regards to SRT’s position in the global AIS market. In our view, because of the strategic decisions we made in 2005 to enter the market and the continue to develop the core technologies and derivative products and systems, SRT is the global leader in AIS across all product types and market segments. Given that position and the market created by the first two market criteria – SRT ha
lew mannheim
02 Mar 2017
Business attraction One should not lose sight of the fact that in the international market SRT would be highly attractive to a major US company such as Garmin, particularly so given the current $/£ exchange rate.This is a splendid buying opportunity IMHO in an innovative company which has a market leading product in a specialist field.
Hardboy
02 Mar 2017
Re: Share Price decline Make that nearer 25% - graph updated.
Hardboy
01 Mar 2017
Share Price decline I think the market has been remarkably patient with SRT, but I suspect the recent gradual falls (20% in 3 months) are just the market is running out of patience. SRT had given us the impression 8 months ago, that there were some large contracts they were very confident of signing (admittedly - they were sure they would get the contracts but could not be sure when - such is the life in dealing with Government Departments of any country) and in that time nothing really significant has been announced. I think some good commercial news as opposed to the good technical news) is needed.
Hardboy
27 Feb 2017
Another Patent. There suddenly seems to have been a lot of news items about SRT - all very good for the business, but no new contract details, or interim payment details of the big contract.Anyway here's the latest: -"SRT Marine Systems granted reversible radio transceiver patentSRT Marine Systems plc announces the granting of US patent 9473197 and European patent EP2951930 for its reversible time domain duplex (RTDD™
transceiver technology. Developed entirely in-house by SRT’s world-class radio technology engineering team RTDD is integrated into SRT’s AIS transceivers to simultaneously reduce cost and size whilst also improving performance. The technology enables a specific single RF architecture to be used simultaneously for both receiving and transmitting through electronic reversing of the RF chain between receive and transmit. This is achieved through a complex combination of intelligent selection of intermediate frequencies and ultra-fast switching. Simon Tucker, CEO of SRT Marine Systems plc said: “Since 1999, SRT have been the global leaders in AIS core technology development. This patent demonstrates the innovation and capability of SRT’s R&D department who have again delivered technology that will deliver substantial benefits to our AIS transceiver customers. I would like to personally thank our team for their excellent work and look forward to announcing their next technology innovation.”"
Hardboy
24 Feb 2017
New Product "BUOY-TRAK, the world's first and only fully certified and approved fishing buoy AIS tracking transponder - now available from SRT Marine SystemsBUOY-TRAK is the world’s first and only, fully certified and approved fishing buoy AIS tracking and identification transponder. Easily secured to any fishing buoy BUOY-TRAK will reliably transmit the exact location and identity of the buoy back to the mother vessel where a special BUOY icon will automatically appear on your existing navigation displays. Its internal re-chargeable battery enables continuous operation for up to 240hrs between charges.• Internationally certified as an AIS buoy transponder – FCC / EU / CE• Certified IPx8 water and weather proof• Ruggedized high quality• Easy fit bracket system enables secure fitting and removal within seconds to any buoy• Internal rechargeable battery with quick charging holster dock• Transmits identity and exact GPS position on standard AIS channels – alerts all shipping to its location• Optional encrypted modeSimple to use, robust, proven and legally certified as an AIS buoy tracker, BUOY-TRAK offers fishermen an ultra-low cost and reliable method to track and protect valuable fishing buoys."I'm not sure Suzie Dent would allow "Ruggedized" but what a great word.
Hardboy
18 Feb 2017
Patent SRT Marine Systems plc announces the granting of UK Patent 2489685 for its GeoVS Dynamic-3D virtual reality visualisation technology for use in real time marine domain management and display applications. The patent relates to the unique way that the technology collates and fuses multiple real time sensor data streams (such as AIS, Radar, Tides and Weather) with thematic data from maritime charts and maps and instantly creates a highly accurate real time virtual reality visualisation of the marine domain through which the viewer can freely move and navigate. Dynamic-3D visualisation provides significantly enhanced real time situational awareness and is an important feature embedded within SRT’s range of advanced GeoVS maritime monitoring and surveillance systems for use in VTS, VMS and MDM applications. To learn more about Dynamic-3D virtual reality visualisation technology for maritime and other applications go to www.srt-marine.com Simon Tucker, CEO of SRT Marine Systems plc said: “At the heart of SRT are our in-house developed core technologies that empower our products and systems with exceptional performance and functionality. Our real time Dynamic-3D virtual reality visualisation takes maritime situational awareness to a new level.”
Hardboy
14 Feb 2017
African Contract Today's RNS sounds like the contract is fairly modest, but every bit helps; and I note the final bit where negotiations for other contracts are on going.I think one of their more significant opportunities needs to be turned into a firm order fairly soon to give the sp a boost. It is over 6 months since the AGM, at which the impression given was that some very significant orders were imminent (though they stressed that exact timings were far from clear,) The market's patience has been remarkably resilient up till now, but I can see it waning without something significant being announced soon.
