At the AGM on 6th July 2012 the company clarified that its core everyday business is expected to achieve a run rate of £10m pa by the end of this calendar year. As a result the core business alone could produce circa £5 or £6m for this current financial year ended 31/3/13 in addition to the income expected from mandates and projects in Mexico, Russia, EU and India. On top of that other worldwide mandates and projects are nearing fruition. Next financial year the core business could yield £10m+ in addition to income from mandates and projects from EU fishing vessels, Mexico, Russia, India where the numbers are vast, Middle East where Saudi alone will want an estimated 60,000 units etc etc. SRT has now recreated its product range and can supply best in class AIS devices to the growing AIS market. Infrastructures have been built worldwide and satelites launched to monitor the AIS data transmitted from vessels worldwide. SRT is uniquely placed to take advantage of this market and prove that the current share price has become disconnected from the huge potential SRT is now tapping in to.
Director Andrew Lapping has just bought 50,000 SRT shares.
