Aankondiging • Apr 16
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £1.5 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,829,268
Price\Range: £0.82
Transaction Features: Regulation S Aankondiging • Apr 15
SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £1 million. SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,219,512
Price\Range: £0.82
Transaction Features: Regulation S Aankondiging • Apr 14
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £16 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £16 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,682,927
Price\Range: £0.82
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,829,268
Price\Range: £0.82
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • Mar 19
First half 2026 earnings released: EPS: UK£0.012 (vs UK£0 in 1H 2025) First half 2026 results: EPS: UK£0.012 (up from UK£0 in 1H 2025). Revenue: UK£51.1m (down 1.3% from 1H 2025). Net income: UK£2.92m (up UK£3.00m from 1H 2025). Profit margin: 5.7% (up from net loss in 1H 2025). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 16
SRT Marine Systems plc Provides Earnings Guidance for the Second Half of the Financial Year 2026 SRT Marine Systems plc provided earnings guidance for the second half of the financial year 2026. The company expects revenues to continue to grow in the second half of the financial year, and the Board is confident in delivering current market expectations. Buy Or Sell Opportunity • Mar 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to UK£0.88. The fair value is estimated to be UK£0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 428% in the next 2 years. Aankondiging • Jan 13
SRT Marine Systems plc Provides Earnings Guidance for the First Half Ended 31 December 2025 SRT Marine Systems plc provided earnings guidance for the first half ended 31 December 2025 . The group revenues for the first half are expected to be £51.1 million as compared to revenue result of £26.2 million a year ago. New Risk • Oct 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Oct 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: UK£0.009 (up from UK£0.054 loss in FY 2024). Revenue: UK£78.0m (up UK£66.2m from FY 2024). Net income: UK£2.03m (up UK£12.9m from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 105%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Sep 25
Non-Executive Director recently bought UK£134k worth of stock On the 22nd of September, Oliver Plunkett bought around 170k shares on-market at roughly UK£0.79 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to UK£0.86. The fair value is estimated to be UK£0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 50% over the last year. Earnings per share has declined by 199%. Recent Insider Transactions Derivative • Sep 01
COO & Executive Director exercised options and sold UK£323k worth of stock On the 29th of August, Neil Peniket exercised 920.00k options at around UK£0.001, then sold 420k of the shares acquired at an average of UK£0.77 per share and kept the remainder. Since March 2025, Neil has owned 1.10m shares directly. Company insiders have collectively sold UK£437k more than they bought, via options and on-market transactions in the last 12 months. Aankondiging • Jul 09
SRT Marine Systems plc Provides Earnings Guidance for the 12 Months Ended 30 June 2025 SRT Marine Systems plc provided earnings guidance for the 12 months ended 30 June 2025. The company expected revenues for the period to be £77.5 million. Recent Insider Transactions Derivative • Jun 09
Board Member exercised options and sold UK£115k worth of stock On the 6th of June, Jean-Francois Bonnin exercised 175k options at a strike price of around UK£0.001 and sold these shares for an average price of UK£0.66 per share. This trade did not impact their existing holding. As of today, Jean-Francois currently holds no shares directly. This was the only transaction from an insider over the last 12 months. New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Feb 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Aankondiging • Jan 16
SRT Marine Systems plc Provides Earnings Guidance for the Six Month Ended 31 December 2024 SRT Marine Systems plc provided earnings guidance for the six months ended 31 December 2024. For the period, group revenues are expected to be £25.5 million, generating a profit before tax of approximately £2.5 million. Reported Earnings • Dec 03
Full year 2024 earnings released: UK£0.054 loss per share (vs UK£0.018 loss in FY 2023) Full year 2024 results: UK£0.054 loss per share (further deteriorated from UK£0.018 loss in FY 2023). Revenue: UK£11.9m (down 50% from FY 2023). Net loss: UK£10.9m (loss widened 231% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. New Risk • Nov 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue has declined by 23% over the past year. Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Aankondiging • Oct 31
SRT Marine Systems plc, Annual General Meeting, Jan 23, 2025 SRT Marine Systems plc, Annual General Meeting, Jan 23, 2025. Aankondiging • Oct 29
Oliver Plunkett to Join SRT Marine Systems plc as Non-Executive Director SRT Marine Systems plc (SRT) announced that it has agreed a substantial investment and short-term finance bridge support package from existing shareholder Ocean Infinity (OI), together worth approximately £31 million. Oliver Plunkett, board member and CEO of OI, will join SRT's board as a non-executive director following the completion of the placing. New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (UK£38.6m market cap, or US$49.3m). Aankondiging • Dec 23
SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £10.500052 million. SRT Marine Systems plc has filed a Follow-on Equity Offering in the amount of £10.500052 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 28,571,576
Price\Range: £0.35
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 1,428,571
Price\Range: £0.35
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 21
First half 2024 earnings released: UK£0.025 loss per share (vs UK£0.012 profit in 1H 2023) First half 2024 results: UK£0.025 loss per share (down from UK£0.012 profit in 1H 2023). Revenue: UK£5.50m (down 71% from 1H 2023). Net loss: UK£4.62m (down 318% from profit in 1H 2023). Revenue is forecast to grow 85% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.9m (US$96.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). High level of non-cash earnings (24% accrual ratio). Minor Risks Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (UK£78.9m market cap, or US$96.7m). Aankondiging • Oct 06
SRT Marine Systems plc to Report Q2, 2024 Results on Nov 20, 2023 SRT Marine Systems plc announced that they will report Q2, 2024 results on Nov 20, 2023 Reported Earnings • Jul 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: UK£0 (improved from UK£0.035 loss in FY 2022). Revenue: UK£30.5m (up 273% from FY 2022). Net income: UK£69.5k (up UK£5.91m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Communications industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 28
SRT Marine Systems plc, Annual General Meeting, Sep 19, 2023 SRT Marine Systems plc, Annual General Meeting, Sep 19, 2023, at 10:00 Coordinated Universal Time. Location: Centurion Hotel, Charlton Lane, BA3 4BD Radstock United Kingdom Aankondiging • Jul 27
SRT Marine Systems plc to Report Fiscal Year 2023 Results on Jul 27, 2023 SRT Marine Systems plc announced that they will report fiscal year 2023 results at 6:00 AM, Coordinated Universal Time on Jul 27, 2023 New Risk • Jul 06
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions • Jun 28
CEO & Executive Director recently bought UK£50k worth of stock On the 26th of June, Simon Tucker bought around 100k shares on-market at roughly UK£0.50 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon's only on-market trade for the last 12 months. Aankondiging • Jun 27
SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £5.36 million. SRT Marine Systems plc has completed a Follow-on Equity Offering in the amount of £5.36 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,220,000
Price\Range: £0.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: £0.5
Transaction Features: Subsequent Direct Listing Aankondiging • Jun 02
SRT Marine Systems plc Announces Appointment of Simon Barrell as Non-Executive Director SRT Marine Systems plc announced the appointment of Simon Barrell as a Non-Executive Director. Simon joined SRT in July 2019 and is a qualified, experienced Finance Director, latterly specialising in acquisitions, closures, mergers and the management of AIM flotations. He is an experienced Non-Executive Director of numerous plc’s dealing with strategy and commercial issues, preparation of business plans and assisting with all aspects of finance, accountancy, and statutory requirements. Breakeven Date Change • May 23
Forecast breakeven date pushed back to 2024 The analyst covering SRT Marine Systems previously expected the company to break even in 2023. New forecast suggests losses will reduce by 79% to 2023. The company is expected to make a profit of UK£7.10m in 2024. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Recent Insider Transactions Derivative • Dec 16
CFO, Secretary & Executive Director exercised options to buy UK£245k worth of stock. On the 13th of December, Richard Hurd exercised options to buy 500k shares at a strike price of around UK£0.20, costing a total of UK£100k. This transaction amounted to 500% of their direct individual holding at the time of the trade. Since March 2022, Richard has owned 100.00k shares directly. Company insiders have collectively bought UK£142k more than they sold, via options and on-market transactions, in the last 12 months. Buying Opportunity • Nov 22
Now 23% undervalued Over the last 90 days, the stock is up 53%. The fair value is estimated to be UK£0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Simon Barrell was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 28
Full year 2022 earnings released: UK£0.035 loss per share (vs UK£0.031 loss in FY 2021) Full year 2022 results: UK£0.035 loss per share (down from UK£0.031 loss in FY 2021). Revenue: UK£8.17m (down 1.2% from FY 2021). Net loss: UK£5.84m (loss widened 14% from FY 2021). Over the next year, revenue is forecast to grow 590%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target increased to UK£1.00 Up from UK£0.30, the current price target is provided by 1 analyst. New target price is 199% above last closing price of UK£0.34. Stock is down 9.5% over the past year. The company is forecast to post a net loss per share of UK£0.042 next year compared to a net loss per share of UK£0.031 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Simon Barrell was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Simon Barrell was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 03
First half 2022 earnings: EPS misses analyst expectations First half 2022 results: UK£0.019 loss per share (down from UK£0.017 loss in 1H 2021). Revenue: UK£4.70m (up 24% from 1H 2021). Net loss: UK£3.13m (loss widened 15% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 5.2%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Full year 2021 earnings released: UK£0.031 loss per share (vs UK£0.039 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: UK£8.28m (down 56% from FY 2020). Net loss: UK£5.13m (loss narrowed 16% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 09
New 90-day low: UK£0.31 The company is down 26% from its price of UK£0.42 on 09 December 2020. The British market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day low: UK£0.33 The company is down 9.0% from its price of UK£0.36 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 4.0% over the same period. Reported Earnings • Nov 20
First half 2021 earnings released: UK£0.017 loss per share The company reported a soft first half result with increased losses and weaker control over expenses, although revenues were improved. First half 2021 results: Revenue: UK£3.79m (up 7.1% from 1H 2020). Net loss: UK£2.72m (loss widened 97% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 29
New 90-day low: UK£0.36 The company is down 14% from its price of UK£0.41 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 2.0% over the same period. Reported Earnings • Sep 21
Full year earnings released - UK£0.039 loss per share Over the last 12 months the company has reported total losses of UK£6.08m, with earnings decreasing by UK£9.49m from the prior year. Total revenue was UK£18.9m over the last 12 months, down 8.0% from the prior year. Aankondiging • Jul 10
SRT Marine Systems plc to Report Fiscal Year 2020 Results on Sep 07, 2020 SRT Marine Systems plc announced that they will report fiscal year 2020 results on Sep 07, 2020