SRT Marine Systems - Company cleared by Philippines - Interims due next Monday, 16th

Mark Watson-Mitchell - 11.03.2026

SRT Marine Systems (LON:SRT), my favourite global provider of intelligent maritime surveillance systems for sovereigns and maritime navigation safety, has declared some very good news.

It has been announced, this morning, that the Philippines Ombudsman Complaint has been Cleared & Dismissed.

SRT Marine Systems (LON:SRT), my favourite global provider of intelligent maritime surveillance systems for sovereigns and maritime navigation safety, has declared some very good news.

The group has advised that the Philippine Courts have formally and fully cleared and dismissed as false and baseless all allegations, claims and media reports of conspiracy, graft and bidding irregularities made against Simon Tucker (CEO), SRT Marine Systems and other named persons, in respect to the BFAR fisheries IMEMS project in The Philippines.

Very pleasingly,

that brings the matter to a definitive close.

The group's Interims, to end-December, are due to be reported next Monday morning, 16th March.

The group's shares, which fell to 75p a week ago, enjoyed a rebound to hit 91p yesterday, before closing at 89.50p, on the back of nearly half a million shares being traded.

Regular readers will already know what my opinions are about this group.

(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*)

(Profile 03.09.25 @ 80p set a two-year Target Price of 150p)