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Star Navigation Systems Group Ltd C.SNA

Alternate Symbol(s):  SNAVF

Star Navigation Systems Group Ltd. is a technology company. The Company focuses on providing aerospace and transportation data services solutions along with hardware and software platforms that assist aviation and other transport related operators worldwide. It manufactures the In-flight Safety Monitoring System (STAR-ISMS), an aircraft computer that is at the heart of the Star Airborne Data System (STAR-A.D.S.). The STAR-A.D.S. System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMIDivision (Military and Defence) designs and manufactures high performance, mission-critical, flight deck flat panel displays for defense and commercial aviation industries worldwide. The STAR-V-TRK system is its small-scale tracking and monitoring system that can be installed on smaller vehicles such as boats, marine, trains, trucks, and others.


CSE:SNA - Post by User

Comment by pikeroo_007on Oct 28, 2016 4:34pm
57 Views
Post# 25400334

RE:RE:RE:RE:RE:RE:RE:RE:Late or no financials?

RE:RE:RE:RE:RE:RE:RE:RE:Late or no financials?
highguy wrote: Pike.. I am looking at the SNA board after a long time.... where do you get the idea about the 3 Sky service systems signed 3 years ago? Looking at previous disclosures, 1 system for Skyservice was installed but there appeared to be issues and no revenue has been recognized (recognized, then reversed a couple of years ago) and no usage revenue has been recorded. Really, if these3 systems were signed over 3 years ago and not installed/recognized, why are you so sure these will be recognized soon? Do you have some insider information that some of us do not? Or perhaps it is BL's BS that you consider gospel?
pikeroo_007 wrote: I doubt very much there will be any improvement. This improvement will come later when the VVIP comes online and when SkyService also comes online with it's three planes. Q1 2017 should show improvement. But for now, the more important thing is to actually get a financial statement to read. Hopefully we have them today.




Call it whatever you want, that was mentioned at the AGM in front of all shareholders present. Skyservice is installing on the two remaining planes this fall. Attend the AGM's and you will be a better informed investor.
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