SRT Marine Systems PLC (AIM: SRT) is a global company which develops and provides integrated maritime surveillance, monitoring, management and safety systems used by coast guards, fishery authorities, infrastructure and vessel owners for the purposes of managing and controlling their maritime domain.
Applications include security, safety, search & rescue, law enforcement, fisheries management, illegal fishing detection, environment monitoring and general navigation safety.
Customers include:
Fundraising to raise £8.5 million at 35 pence per New Ordinary Share and Notice of General Meeting SRT, the AIM-quoted …
US$213 million Contract Signed SRT Marine Systems plc (‘SRT’), a global provider of maritime domain awareness systems and technologies for …
SRT Marine Systems plc (‘SRT’), a global provider of maritime domain awareness systems and technologies for security, safety and environmental …
SRT Marine Systems plc (‘SRT’), a global provider of maritime domain awareness systems and technologies for security, safety and environmental …
SRT Marine Systems plc (‘SRT’), a global provider of maritime domain awareness systems and technologies for security, safety and environmental …
Trading Update SRT Marine Systems plc (‘SRT’), a global provider of maritime domain awareness systems and technologies for security, safety …
| P&L | 31 Mar 2023 £~000 | 31 Mar 2022 £~000 |
|---|---|---|
| Revenue | 30,506 | 8,173 |
| Cost of sales | (19,467) | (5,501) |
| Gross Profit | 11,039 | 2,672 |
| Profit/ (Loss) for the year | 70 | (5,838) |
| Balance Sheet | 31 Mar 2023 £~000 | 31 Mar 2022 £~000 |
|---|---|---|
| Cash | 2,182 | 5,924 |
| Borrowings | (8,003) | (7,245) |
| Total assets less current liabailities | 10,958 | 10,808 |
| Net Assets | 10,308 | 9,793 |
Directors
Simon Tucker – 1.64%
Kevin Finn – 0.05%
Others
Hargreaves Lansdown Stockbrokers – 14.94%
Hargreaves Lansdown Asset Management – 11.00%
Ocean Infinity Group – 8.89%
Barclays – 2.58%
Amati Global Investors – 2.13%
HSBC Global Asset Management – 0.84%
Investors Chronicle (Aug 2022): Set fair for a profitable passage
“A global leader in communications technology used to track and monitor maritime vessels is set to deliver a step change in profits in the current year.
Aim-traded SRT Marine Systems (SRT:31p), a global leader in AIS, an advanced identification communications technology used to track and monitor maritime vessels, looks set fair to deliver a sea change in profitability in the current financial year. Admittedly, the patience of shareholders has been tested after delays in project implementation caused by the Covid-19 pandemic led to the group posting cumulative post-tax losses of £11mn over the past two financial years. A £4.9mn equity placing at 30p a share, a 25 per cent discount to the share price at the time, during the March stock market sell-off hasn’t helped sentiment, either, and is a key reason for the reversal…”
The maritime safety system market size is expected to grow to $24.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.56%. The growing maritime trade and transportation are expected to propel the maritime safety system market growth.
