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At the AGM on 6th July 2012 the company clarified that its core everyday business is expected to achieve a run rate of £10m pa by the end of this calendar year. As a result the core business alone could produce circa £5 or £6m for this current financial year ended 31/3/13 in addition to the income expected from mandates and projects in Mexico, Russia,…
SRT is set to benefit from the first Russian Mandate said to be for 60,000 vessels. The mandate is expected to start anytime between February and April 2012. The particularly interesting point is that implementation will be necesary over a short period of upto just 12 months and will result in millions of pounds of turnover and profits for SRT in addition to European and…
Latest expectations are that the US will pass an initial AIS Mandate before the end of this calendar year imposing a nine month implementation period for affected vessells. Apparently this alone could be worth $40m to SRT resulting in upto £12m of additional profits hitting the bottom line. As the company is currently only valued at some £31m the US mandate should prove transformational.
SRT recently announced a new strategic alliance with Elcom in India that has the potential to supply 300,000 vessels with SRT's AIS products. The effect on SRT's profits could be transformational over the next couple of years. SRT appears to be undervalued by the stock market and entry into the Indian market highlights this even more.
Hi Paul, SRT claim that competition is way behind and that their software is encrypted and not copiable. SRT also claim to have an 80% market share for the class A and Class B products and 100% re their Identifier. The sp is very cheap and this current year they could do £20m turnover (broker forecast light at £15m I reckon). With 50% margins the…
SRT is clearly turning the corner into increasing sales and profits. This year alone SRT has announced $7m dollar orders from USA as well as a tie up with a major USA company to launch SRT's full suite of AIS products under the Hummingbird label. Also as mentioned above India and now the Middle East will soon be ordering significant amounts of ais products from…
USA mandate new start date just published. Over 17000 vessels to be fitted with class A transponders within 7 months of April 2013. This can be expected to boost SRT's turnover by some £10m in the year ended 31st March 2013 assuming SRT gets 75% to 80% of the business. SRT is the dominant market leader according to the company so this is quite likely.
Today's webcast was very positive. SRT appears to have turned a corner and is turning jam into sales. 2013 looks like being a very good year.
Director Andrew Lapping has just bought 50,000 SRT shares.
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