Another ‘Teddy Offer’ disappoints
Teddy Sagi once again attracts criticism with a derisory offer for a popular AIM company – never a dull moment with a ‘Teddy Offer’. Elsewhere, a well-established manufacturer has made another acquisition, while there were encouraging contract wins for others. Read on here for this and other news. (Free to read)
SRT Marine: another nice contract win, but it’s all about the execution SRT Marine Systems (AIM:SRT), the provider of maritime domain awareness systems has received notification from an existing Coast Guard customer (not named) that it will be awarding SRT a new contract. From our perspective it’s somewhat puzzling why SRT didn’t wait for the contract to be formally awarded before announcing this. The initial system upgrade implementation is expected to be delivered within 12 months of the formal contract signing with an expected value in the region of $10m. Thereafter they expect a series of further purchase contracts which…