UK 05:30 Friday, 30 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
SRT Marine Systems (SRT) has announced results for its half-year ended 30th September 2022 emphasising “revenue increase to £18.8m (H1 2021 £4.7m)… £2.1m - profit after tax (H1 2021 Loss of £3.1m)… we expect this trend to continue going forward driven by fundamental long-term demand drivers for maritime domain awareness”. Sounds good – and what of a current 5.5% share price rise to 48p, an £86.7 million market cap?
Previously writing on SRT Marine Systems (SRT), last month with the shares at 28p I questioned how “material” is the half-year improvement?. So what of today a “half year trading update”?
SRT Marine Systems (SRT) has announced that it “has made excellent financial and operational progress during the first half of the financial year across both its transceiver and systems divisions, and that therefore the company is expecting H1-2022 to be materially better than the same period last year”. So what of a current 11.1% higher share price response to 28p?
SRT Marine Systems (SRT) has announced that its AGM and presentation on Wednesday will also be live streamed and will be preceded by an open day at the company's offices. That is creditable investor relations but what about a share price down from approaching 50p early this year to a current below 25p following its full-year results?
Previously writing on SRT Marine Systems (SRT), in January with the shares up to 47p I noted interims having shown a more than £3 million loss on revenue of £4.7 million, with a swing to a £1.4 million net current liabilities position and also £1.7 million of non-current liabilities and that I retained caution HERE. Now the company’s “pleased to announce… concluded its Bookbuild process, successfully raising gross proceeds of £4.9 million through the placing”. So what about a more than 11% share price fall to 34.25p in response?...
SRT Marine Systems (SRT) has made an announcement titled “£40 million SRT-MDA System Project Award”... and the shares have currently responded more than 10% higher to 47p. So what’s the detail?...
Previously writing on maritime surveillance and management systems company SRT Marine (SRT), in November with the shares below 40p I concluded I await the current ‘jam tomorrow’ to start being delivered before reconsidering from avoid. The shares last closed at 37.5p and are currently slightly higher on the back of a half-year trading update.
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 (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...
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 (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...
