Shearwater Share Discussion Threads

[gswredland] 07/9/2009 09:42

If we can get through 100 convincingly then there should be more to come..

[this_is_me] 07/9/2009 09:09

It was around £3-20 before the 'crunch' so I don't see any problem in getting to over £2 reasonably soon. There is strong resistance at £1 so it may take time to get past that level. The company has done very well with in current trading conditions and is still rediculously cheap.

[the diddymen] 06/9/2009 19:59

I tend to agree with the 110-120 range, in the near future, but much as I like the idea, £2 needs more very substantial news. SWG are a solid consulting engineer, and it was always surprising to see them lag behind their peers. The recent re-evaluation seems to recognise the lag, and arbitrage at its best. My guess is that thereafter they will be in a holding pattern until more information informs the debate. For a Plc it was a very bold statement that they would be on target for the year; providing the pattern continues I would suggest that you have to be very confident to make such a statement, and broker forecasts should be taken atthe lower end of expectation.

The word of caution must be the macro economic climate.

TD

[1nf3rn0] 04/9/2009 16:36

Good finish today. Looks on for a push through 100p next week.

[matt] 02/9/2009 20:08

It's very impressive and I can see this running to 110-120 quite soon.

[this_is_me] 02/9/2009 18:47

Impressive upwards move when the market fell heavily over the last two days.

[matt] 02/9/2009 14:00

I think you're right, this and WCC will get updates after both yesterday's news items.

[cockneyrebel] 02/9/2009 13:47

I bought back in today - shouldn't have sold really but wanted the cash to chase other stuff and was fully invested.

SCSW are a big fan of SWG - reckon they'll be bigging it up in the next issue (Sep 12th) after that AGM statement imo.

CR

[matt] 02/9/2009 13:41

Slowly ticking up :)

[this_is_me] 01/9/2009 16:19

We should see a rocket put under the share price. The price should power through the strong resistance at the £1 mark and get to around the £2 region fairly soon.

[matt] 01/9/2009 16:12

Looking really good.

[dickbush] 01/9/2009 13:36

Thanks from me too, dave

[gswredland] 01/9/2009 13:03

yes thanks daveb

[matt] 01/9/2009 12:25

daveb, thanks for sharing

[davebowler] 01/9/2009 10:23

Brewins;


Scott Wilson (B) – Mark Fleetwood/Michael Parkinson (0845 059 6629/6529)
AGM & Q1 IMS – BUY (Unchanged since 12/07/07) – Current 12m Price Target: 125p (From 100p) - Current Price: 85p – Market Cap: £62.8m
· This morning's statement paints an upbeat picture, demand in road and rail, both in the UK and internationally remains strong, a number of major projects have been secured and the order book has increased to record levels (we understand greater than £300m, giving 12 month forward visibility of >60% vs. a historical range of 55-60%). This has enabled management to deliver a resilient outlook statement; 'the Board remains confident of achieving Group performance in line with expectations'.
· As expected there are some areas of weakness (e.g. private commercial remains depressed and no meaningful improvement is likely in the short term), although the realignment of the cost base to match activity has progressed well and we understand that utilisation has improved markedly.
· The recent success in Crossrail provides underpinning for the rail business, where total contracts valued at around £40m will be delivered over the next 18 months – two years. We see scope for additional work to be secured in this market as the project gains momentum. Crossrail is the largest construction project in Europe, Scott Wilson has a leading role and this is helping raise the Group's profile on a global basis (enquiry levels are high).
· Global infrastructure demands continue to present opportunities and we expect the relative proportion of international work to continue to grow.
· This statement should help reassure investors with regard to deliverability of forecasts and furthermore, the record order book supports the scope for continued progression. In our view the resilience and opportunities are not reflected in the current valuation and the discount to the sector looks too great. Although there are some Government funding concerns, we believe that this is more than reflected in the price.
· Our forecasts are unchanged, although the strength of this statement, opportunities and improved sector ratings provide us with the confidence to increase our target price from 100p to 125p (current year EV/EBITA of 4.6x vs. a Dec 09 peer group average of 5.8x).

[matt] 01/9/2009 07:31

"As a result of these wins and many others both in the UK and across our expanding international operations, our order book once again stands at record levels and the pipeline of opportunities is consistent with our internal targets.

In light of these opportunities and our continuing projects, the Board remains
confident of achieving Group performance in line with its expectations in the
current financial year."

[mattjos] 01/9/2009 07:26

I see no reason to be nervous here .... this mornings statement very postitive & the international growth rate sounds very encouraging

[westcoastrich] 28/8/2009 15:15

falling ahead of agm - are folk nervous ?

[dickbush] 26/8/2009 14:41

SWG is in exactly the same industry. Happily, I own this one and not WYG but its good to know what's happening to the competition. Its a pity SWG isn't liquid or they could pick it up for a song from its bankers.

[blueliner] 26/8/2009 11:13

More rail infra structure investment announcements today.
Though not anything immediate, its the way forward, plenty of steel & concrete required I see, should uplift the sector perhaps.

[raggedglory] 25/8/2009 18:28

Exactly, wtf? This is the SWG thread.

[this_is_me] 25/8/2009 16:24

What has that got to do with SWG?

[dickbush] 25/8/2009 14:34

WYG looks to still be in trouble.

[this_is_me] 21/8/2009 15:28

Nice steady rise.