07.03.2025
The £100m-capitalised group is an established leader in the growing global market for maritime domain awareness.
It provides technology-driven solutions for coastal and ‘exclusive economic zone’ surveillance, fisheries management and monitoring and 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.
At the end of January, the company announced yet another new system contract, for a national integrated maritime MDA system for a national coast guard – this one being worth $15m.
At that time CEO Simon Tucker stated that:
"This is an important long-term customer for SRT and we are pleased to be starting this next phase in their transition to a fully digitised and integrated intelligence-based maritime domain awareness capability.
We look forward to many years of future work and co-operation with this customer."
The group is said to have a signed Order Book of some £335m, with a substantial £1.2bn validated pipeline to convert in the longer term.
I see the group getting its next set of results soon out of the way, with good news for its current year to end-June guidance being updated, before it breaks into a significantly profitable year to end-June 2026.
The shares at just 40p are looking to be an absolute cracker of a purchase for risk-tolerant investors.
I see these shares at 100p each in due course.
(Profile 14.09.20 @ 39.50p set a Target Price of 50p*)
(Profile 10.11.23 @ 39.75p set a Target Price of 60p*)
(Profile 25.04.24 @ 22p set a Target Price of 35p*)
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