Great results | Pipeline demands | Adjustment mania
News covered here includes our assessment of the latest results from a specialist engineering group which are riddled with adjustments. While this former high-flyer isn’t alone in wanting investors to focus on fairy tale numbers, it’s not a good look in our opinion. Elsewhere, an asset manager and digital transformation partner to the public sector delivered stunning interim results, while a provider of maritime surveillance systems has plenty of working capital demands to manage in its growth spurt. Read on here for Investor’s Champion’s usual forthright views.
SRT Marine: the pipeline builds, but…..
SRT Marine Systems (AIM:SRT), the provider of intelligent maritime surveillance systems reported stunning growth for its financial year to the end of June 2026, although all the growth is placing increasing demands on working capital. It has also taken a long time for SRT to get these June 2026 year end numbers out.
Revenues increased by 46% to £114.1m, of which the navigation safety business generated £9.8m…
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