SRT Marine Systems interim results due shortly, group now has big profits on its horizon, shares 45p, SQC Target Price of 75p in 2025

19.03.2025

It is possible that we may see Simon Tucker, boss of SRT Marine Systems (LON:SRT) reporting the group's Interim Results within the next week or so, no date given as yet.

Forget about Far Eastern press reports and the like - I just fancy that this group will declare a positive outlook, especially featuring around its now massive £335m Order Book and the potential of its £1.2bn pipeline of possible business.

The group, which is an established leader in the growing global market for maritime domain awareness, provides technology-driven solutions for coastal and ‘exclusive economic zone’ surveillance, fisheries management, monitoring, navigation safety and efficiency.

The group’s customers range from government agencies such as Coast Guards, Fishery Authorities and Ports & Waterway authorities to commercial and leisure vessel owners. 

Don't underplay the Government Agencies business - it is potentially massive and highly transformative for the Midsomer Norton-based group.

The group's shares this morning are trading at around the 45p level, valuing the whole group at only £115m.

The SQC Research Target Price for 2025 is 75p a share, with 100p being very possible in 2026 when the big profits will start to show through.

I have been following this group through its ups and downs since mid-September 2020 and patience will have its rewards for long-term investors.