Companies: SRT Marine Systems plc
Companies: DSCV ELCO EOG IOG QXT SRT TWD
The FY Mar21 results are as flagged in the April trading update; clearly it is disappointing that COVID delayed revenues from the Systems business this year (both revenue milestones in the Philippines and revenue from signing new contracts) leaving just Transceiver sales. However the global need and demand for MDA has not gone away; activity in this business has been pent-up and will recommence as COVID restrictions are eased this year. Meanwhile SRT has used the Systems delay well, catching up
Wickes to demerge from Travis Perkins and list on the Main Market. Expected 28 April. Advance Energy to complete an RTO on AIM indirectly acquiring up to 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51mm) will be used to fund
Companies: GOOD FIH SRT NFC RFX ARCM ACRL EQLS ORPH VRS
Despite hopes that COVID restrictions would only last a few months, they have continued for over a year, resulting in a similar delay to the Maritime Surveillance System business. No milestones were reached (some were close) in FY21 and thus no System revenue is recognised, leading to a £5.8m LBT. FY21 sales are thus just Transceivers alone; that division actually seeing YoY growth with stable gross margins, laudable in a year of COVID. For Systems it has been a ‘lost year’, however this is only
UK Defence Budget spend and four Small Cap players
Companies: AVONSRTCHRTCHG
Companies: Somero Enterprises, Inc. (SOM:LON)SRT Marine Systems plc (SRT:LON)
The Interims are as announced in the October update; H1 2021 was better than expected considering the lockdown and leaves SRT well positioned to benefit from meeting Systems delivery milestones, receiving major cash payments and signing new contracts in H2. As last year, H1 revenues are just from Transceivers, with no Systems milestones booked in the period. Last year, that was a quirk of timing in project deliveries, but this year Systems deployments were paused due to the pandemic. Despite glo
Intercede (IGP): Corp Interim trading update | SRT Marine Systems (SRT): Corp SRT remains in a strong position for H2 deliveries
Companies: Intercede Group plc (IGP:LON)SRT Marine Systems plc (SRT:LON)
Today’s results for YE March 2020, are somewhat historic having been flagged by the trading update back in April. However, they do reflect the impact that COVID-19 has had on international business, as well as actions SRT has taken to secure its future. Lockdowns put a hold on existing and new system projects, causing a delay in both revenues and expected contract signings during the final months of FY 2020 through H1 2021. Also, we highlight that SRT has prudently impaired an existing long-stan
Avacta (AVCT): Corp | Belvoir Group (BLV): Corp | Byotrol (BYOT): Corp | Chariot Oil & Gas (CHAR): Corp | Destiny Pharma (DEST): Corp | Omega Diagnostics (ODX): Corp | SRT Marine Systems (SRT): Corp | Telit (TCM): Corp
Companies: BYOT CHAR ODX SRT DEST TCM BLV
Belvoir Group (BLV): Corp Moving the strategy forward | genedrive (GDR): Corp Trading and COVID-19 Test Update | InnovaDerma (IDP): Corp FY trading update | SRT Marine Systems (SRT): Corp Projects business recommences after lockdown
Companies: IDP SRT BLV GDR
Research Tree provides access to ongoing research coverage, media content and regulatory news on SRT Marine Systems plc. We currently have 63 research reports from 2 professional analysts.
Gamma continues to produce consistently good results with these interims reflecting a strong business performance in both the UK and European businesses. We increase estimates by c. 2% to reflect updated guidance and note the positive outlook comments in the announcement. The European business continues to evolve its footprint as the Group looks to accelerate the long-term growth in its Cloud PBX business. Margins are settling into a more consistent level in the UK Indirect business while mix, i
Companies: Gamma Communications PLC
Calnex Solutions has announced that due to continued strong levels of trading throughout H1/22, expected to be maintained in H2/22, FY22E revenue and profitability are anticipated to be materially ahead of expectations. We have consequently upgraded our PBT forecasts for FY22E and FY23E by 27.2% and 20.4% to £5.6m and £6.0m respectively. Calnex continues to accelerate its investment in R&D and broaden its product roadmap to benefit from the significant underlying growth drivers within the worldw
Companies: Calnex Solutions Plc
Vodafone released this morning a solid Q1 in terms of revenue, a good performance that is quite logical however as there is partial recovery compared to Q2 20. Remember, the key point which had worried the market three months ago with the annual release was that free cash flow would be only €5.2bn for 2021/22 vs €5bn in 2020/21 but vs €5.7bn in 2019/20. Vodafone has confirmed this number this morning. We maintain our Buy opinion on the stock.
Companies: Vodafone Group Plc
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS
CAP-XX Ltd* (CPX.L, 5.8p/£29.5m) Finals: Sales order book up more than 160% (29.09.21) | MTI Wireless Edge Ltd* (MWE.L, 70p/£62.0m) Contract win: MTI Summit secures multi-year customer agreement (30.09.21) | Mirada plc* (MIRA.L, 65p/£5.8m) Finals: Considerable pipeline of sales opportunities (29.09.21)
Companies: CPX MWE MIRA MBT
Cyanconnode has released a strong trading update, highlighting the material jump in activity we factor into our forecasts. The Company is delivering on growth opportunities despite the challenges associated with COVID and global supply chains and expects to meet market expectations for the year. We remain buyers.
Companies: CyanConnode Holdings plc
*A corporate client of Hybridan LLP Joiners Bens Creek Group (BEN.L) has joined AIM. Bens Creek, together with its subsidiaries, will, on Admission, own and operate a metallurgical coal mine located on 10,000 acres in the southern part of the state of West Virginia and eastern edge of the Commonwealth of Kentucky, in the central Appalachian Basin of the eastern United States of America. The mine's operations are located primarily in Mingo County, West Virginia. The mine includes a wash plant
Companies: CYAN LEX SCLP SEMP TEK TENG
Alongside the multiple new contracts signed in fiscal 1H, CyanConnode’s smart meter intelligent module shipments continued to accelerate during the period. 315,000 modules were shipped, versus 92,000 in the same period last year and 481,000 for the entirety of FY’21. 1H’22 revenue came in at £4.1m, almost three times the comparative 1H’21 figure of £1.5m. The potentially immense market opportunity is starting to translate into large orders, accelerating shipment volumes, exceptionally strong rev
