SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

42.25p
   
  • Change Today:
      0.25p
  • 52 Week High: 48.00
  • 52 Week Low: 17.00
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 14,239
  • Market Cap: £94.06m
  • RiskGrade: 240
  • Beta: 0.07

SRT Marine raises another ?5.3m in resilience financing

By Iain Gilbert

Date: Friday 17 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Maritime management group SRT Marine has now raised a total of ?5.3m of cash in a combination of loans and equity in order to provide it with some Covid-19 resilience financing.
SRT Marine, which raised ?2.8m from investors earlier in April, agreed an additional ?2.5m loan facility provided by its main bank, with the support of the UK government's coronavirus business interruption loan scheme.

The AIM-listed firm highlighted that the loan was interest and fee-free and repayable in one year.

Chief executive Simon Tucker said: "Considering the unknown timeframe of Covid-19 business restrictions, we moved quickly to secure our business for the future through a combination of cost minimisation and additional cash financing.

"This financing enables SRT to continue to operate and service existing and prospective customers during the current situation and be in an optimal position to move forward with new system contracts once business conditions normalise."

As of 1125 BST, SRT shares were up 4.52% at 32.40p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRT Market Data

Currency UK Pounds
Share Price 42.25p
Change Today 0.25p
% Change 0.60 %
52 Week High 48.00
52 Week Low 17.00
Volume 14,239
Shares Issued 222.63m
Market Cap £94.06m
Beta 0.07
RiskGrade 240

SRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
42.05% above the market average42.05% above the market average42.05% above the market average42.05% above the market average42.05% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Income Not Available
Growth Not Available

SRT Dividends

No dividends found

Trades for 22-Nov-2024

Time Volume / Share Price
08:00 10,000 @ 42.18p
08:00 4,239 @ 41.67p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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