The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

SRT Marine Systems – interims, jam tomorrow to start being delivered?

2020-11-19 16:19:00

Maritime surveillance, analytics and management technology company SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2020 including emphasising “revenues were 7% higher than the same period last year at £3.8m, with an increased gross profit margin of 39%”. The shares though remain down on the circa 40p of my previous update...

SRT Marine Systems – another trading update it is “pleased to provide”, but...

2020-10-08 15:48:29

SRT Marine Systems (SRT) “is pleased to provide a trading update for the six months trading period ended 30th September 2020”, including “as expected, during the first half of this financial year, all revenues were derived entirely from the transceivers business due to there being no system business project milestones completed during the period… Unexpectedly given the Covid-19 pandemic, revenues for the transceivers business were 6% ahead of the same period last year, with the second half looking positive”. Sounds good...

#SRT Marine Systems – H1 expected pre-tax loss £2.7m, expected new systems business contracts delays

2020-10-08 07:47:16

SRT Marine Systems – following July “pleased to provide” trading update, full-year results...

2020-09-07 11:56:33

Previously writing on SRT Marine Systems (SRT), in July with the shares at 37p I concluded I continue to wait for some meaningful net cash generation to be shown before reconsidering my decision to avoid. The shares last closed at 41.5p, but are currently back below 37p on the back of results for the company’s year ended 31st March 2020...

SRT Marine Systems – “Trading Update” it is “pleased to provide”, but...

2020-07-10 16:21:29

SRT Marine Systems (SRT) is “pleased to advise that our Philippines fisheries management system project has recommenced, with a significant cash payment having been received this week… also pleased to advise that in the Middle East that final contract negotiations have recommenced… Furthermore, our transceivers business… gross sales during the first financial quarter 2% ahead of the same quarter for the previous financial year”. The shares have currently responded to 37p, 25% higher...

#SRT Marine Systems – notes impacted but now “recommencement of our fisheries monitoring system project in The Philippines and discussions in Middle East and elsewhere”

2020-07-10 07:22:49

#SRT Marine Systems – additional £2.5m loan facility following previous raise of £2.8m from investors

2020-04-17 07:10:15

#SRT Marine Systems – PrimaryBid offer raises £302,005, taking total fundraising to £2.8m

2020-04-07 07:59:59

Today's Primary Bid Offer is SRT Marine Systems and closes at 9 PM Tonight

2020-04-06 18:46:39

I have not got a scooby about this one so offer no advice. But if you take part in this Primary Bid offer HERE and registered via Shareprophets remember we get a small fee.  I should however flag up that young Steve Moore, who was, after all, trained by a master and is thus usually right, reckons that this is another FinnCrap dog to avoid.

SRT Marine Systems – I having questioned how “comfortable” can the board really be re. achieving full-year expectations…

2020-03-10 14:53:31

Previously writing on SRT Marine Systems (SRT), in November I concluded that a market cap of already more than £60 million and the smoothness of the progress being relied on despite, particularly, the noted dependency on customer processes and timings, sees me currently continue to avoid. Today a “Trading Update”…

#SRT Marine Systems – warns “material risk” that contract signing and milestone completions will move into next financial year

2020-03-10 07:10:22

SRT Marine Systems – interims, how “comfortable” can the board really be re. achieving full-year expectations?…

2019-11-19 16:01:37

Previously writing on SRT Marine Systems (SRT), in October I commented including noting reliance on continuing to progress as expected, and what about debt (£5 million at 31st March)?, with it also stated it has “paid for significant quantities of equipment required to complete scheduled project delivery milestones during the second half of the year”. Now half-year results, including reiterating “the board remains comfortable with achieving market expectations”…

SRT Marine Systems – “pleased… remain comfortable with market expectations”. Er, what are the expectations though?!...

2019-10-04 11:30:44

SRT Marine Systems (SRT) “is pleased to provide a trading update for the six months trading period ended 30th September 2019” – it includes “forecast half year loss before tax of £1.5m compared to £1.3m for the same period last year”, though “we remain comfortable with market expectations”. What are these expectations then?...

#SRT Marine Systems – H1 revenue +10%, but increased loss. Argues “remain comfortable with market expectations” – would’ve been helpful to include what they are then!

2019-10-04 07:23:25

#SRT Marine Systems – £4m placing at 30p per share, an 18% discount

2019-01-31 00:37:58

SRT Marine Systems – “£31 million VMS System Contract Award”, but a buy?

2018-12-04 09:03:46

Previously writing on SRT Marine Systems (SRT), I concluded that, with its track record, I await to see evidence of tangible progress before reconsidering from avoid. Today a “Contract award” announcement – and the shares currently up circa 11% at around 34p…

SRT Marine Systems – full-year results admit “disappointed”, but argue ‘expects to measure up to expectations in the near future’. Hmmm…

2018-07-23 15:11:32

SRT Marine Systems (SRT) has announced results for its year ended 31st March 2018, with CEO Simon Tucker emphasising, “I am very disappointed with the shortfall in our revenues for the year, which was caused by an unexpected contract change. This does not reflect the excellent operational progress the business has made with regards to product development and sales opportunities. I recognise that we are measured on the profits that SRT delivers and to that end expect SRT to measure up to expectations in the near future”. Hmmm…

SRT Marine Systems – having been cautious partly due to previous delays here… “SE Asia Contract Change”

2018-07-18 10:25:50

Previously writing on SRT Marine Systems (SRT) in April, I concluded with previous delays and a current market cap of more than £30 million, I await to see evidence it is actually on-track as well as the cash flow and the balance sheet. Today a “SE Asia Contract Change” announcement…

#SRT Marine Systems – trading warning as contract cancelled, though expects to be re-awarded it “over the next few months”

2018-07-18 06:41:38

SRT Marine Systems – “results reflect the excellent progress we have made”. Do they?

2018-04-12 00:28:59

Previously writing on SRT Marine Systems (SRT), I concluded in November with the shares at 36p to continue to avoid. They had subsequently slipped to around 20p – but are now recovering towards 25p on the back of a Year End Trading Update…

SRT Marine Systems – interims claim “steady financial progress”. Really?

2017-11-17 01:29:09

SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2017, stating “steady financial progress broadly in line with our expectations and significant operational and project related activities” and “look forward optimistically to the second half”. Sounds encouraging…

SRT Marine Systems – half year trading update, it was cash crunch ahoy

2017-10-10 06:23:50

Previously writing on maritime domain awareness systems company SRT Marine (SRT) I questioned OCEAN-SCAN satellite system decision conveniently timed re. cash position? There is now a six months ended 30th September trading update…

SRT Marine Systems – OCEAN-SCAN satellite system decision conveniently timed re. cash position?

2017-09-25 05:00:49

Previously writing on SRT Marine Systems (SRT), I noted the company’s announcement including “with many thousands of buoys and remote maritime infrastructure worldwide we believe our significant technology, product and market investments place SRT in a dominant position within this promising new market segment”, but that, instead of this jam tomorrow talk, it will be particularly pertinent to review subsequent cash flow and balance sheet information – that as at 31st March 2017 having showed slightly reduced gross and net cash of £1.8 million and £0.8 million respectively. We now have “OCEAN-SCAN Satellite System” and “£10 million working capital facility” announcements…

#SRT Marine Systems – up to £10m loan note programme, initial issue of £2m at 9.5% annual interest

2017-09-24 23:35:54

#SRT Marine – argues “important” new contract win, though no financial info provided

2017-08-30 23:17:44

SRT Marine Systems – order “for the world's biggest single deployment of AIS AtoN”. Wow… Or not…

2017-08-18 06:05:42

Following the postponement of a significant contract announced at the end of last month, SRT Marine Systems (SRT) has now announced an “AIS Aids to Navigation Contract”, including that “the order is for the world's biggest single deployment of AIS AtoN”. The world's biggest hey, sounds impressive!…

#SRT Marine Systems – aids-to-navigation transceivers order

2017-08-17 23:44:08

SRT Marine Systems – “MDM Contract Update”, shares down 20%. Uh Oh…

2017-07-31 07:40:00

An “MDM Contract Update” announcement from SRT Marine Systems (SRT) – and the shares currently down approaching 20% in response. Uh oh…

SRT Marine Systems – trading update; disappointing first half, better to come?

2016-10-06 03:03:51

Having soared towards 60p in August, shares in SRT Marine Systems (SRT, formerly Software Radio Technology) are currently around 8% lower today, at circa 40p, on the back of a “Half Year Trading Update” announcement. Hmmm, let’s take a look…

#SRT Marine – expected H1 loss of £1.2m, expects H2 “completion of significant project deliverables”

2016-10-05 23:47:17

Software Radio Technology - Sailing into Profitability

2016-06-06 05:48:14

This morning saw encouraging final results from Software Radio Technology (SRT), a provider of “maritime domain awareness technologies”, i.e. radios and related products for seaborne vessels. It claims to be a world leader in tracking systems for ships and the 3D display of maritime data.

Software Radio Technology – current profit modest, but exciting times ahead?

2016-04-12 07:25:29

Having previously commented on Software Radio Technology (SRT) with the shares rising to circa 30p last summer (see HERE), I now update with the shares currently nudging further higher, to 33p, on the back of a trading update for the company’s year ended 31st March 2016. However, this has been far from a serene journey…

Software Radio Technology (#SRT) says will marginally beat FY forecasts

2016-04-11 23:39:20

Software Radio Technology (#SRT) says will make up weak H1 in H2, yadda yadda yadda

2015-10-05 23:36:06

Software Radio Technology plc – further contract momentum, but already in the share price?

2015-08-22 00:34:38

Developer of maritime domain awareness systems, Software Radio Technology (SRT) has announced an “approximately $5 million” contract for an “initial phase of a long term programme” for a national AIS Maritime Domain Management system. Is a share price rise to circa 30p, a fair reflection of current developments here?

Software Radio Technology (#SRT) - $5million MDM supply contract

2015-08-20 23:28:53

Software Radio Technology (#SRT) - $700,000 from Phillippines Fisheries

2015-07-23 23:34:52

Software Radio (#SRT) says FY sales and losses will be in line with forecast

2015-04-09 23:26:19

Software Radio Technology (#SRT) re-releases interims but does not explain what has changed. WTF?

2014-11-17 00:20:59

Software Radio Technology – positive trading statement enough to make the shares a buy?

2014-10-03 14:45:12

On previously commenting on AIM-listed developer and provider of offerings based on the ‘Automatic Identification System’ maritime domain awareness technology, Software Radio Technology plc (SRT) I noted an approach to ALL investors and potential investors that should be applauded, but awaited operational delivery. The following updates on a trading statement which has helped the shares 4.5% higher on the day to 26p.

Software Radio Technology – update on a company showing a rare example of openness to ALL investors and potential investors

2014-07-11 07:16:54

AIM-listed developer and provider of offerings based on the ‘Automatic Identification System’ maritime domain awareness technology, Software Radio Technology plc (SRT) has followed recent results and a placing by welcoming “both shareholders and non-shareholders” to attend its AGM and open day on 15th July (an approach in stark contrast to another (still) AIM-listed company - see HERE). The following update looks at the recent news flow.

Software Radio Technology - growth potential v. visibility of revenue & earnings

2014-01-27 17:45:05

Shares in Software Radio Technology (SRT) trade just over 3% lower on the day, at 23p, on the back of an update that substantial orders and shipments “may fall either side of the (31st March) financial year end” as “the exact timing of orders from the end customer, and therefore from our customer to SRT, remains unpredictable”. Having previously commented on the company HERE, the following updates.

Januarys Stock-Ping - Software Radio

2014-01-09 15:00:41

A new year, a new horizon and for this month's Stock-Ping we look at Software Radio (SRT) or Software Radio Technology plc who develop and market AIS (Automatic Indentifying Systems), advanced radio communications based marine domain awareness products and systems for large vessels as mandated by the International Maritime Organisation, for the identification and tracking of water-borne commercial, homeland security and leisure vessels of all sizes to a global customer base.

Software Radio Technology - analysis following half-year trading update, an acquisition & director share purchase

2013-10-14 14:47:09

AIM-listed Software Radio Technology plc (SRT), which describes itself as a developer of “advanced radio communications based marine domain awareness technologies, products and systems… to identify and track vessels of all sizes in leisure, commercial and homeland security applications”, has announced a trading update for its half year ended 30th September 2013, an acquisition and a director share purchase.