Shearwater Share Discussion Threads

[nick rubens] 26/5/2010 12:15

The way to deal with the Pension deficit is to stop giving away shareholders money to it. These pension liabilities are ridiculous.

[simon gordon] 26/5/2010 12:10

Market Cap = 58m
Pension Deficit = 79m
Net Borrowings = 17m

Going forward if PBT is 17m/18m what is the equity worth?

The pension has bugged me from the day it floated, they should have dealt with it years ago, is SWG now a pension fund with a consultancy business attached?

[mattjos] 26/5/2010 11:44

in their last update they suggested earnings would be in line with market expectations .... what are others expecting as that figure. The pension defecit and the outlook are the main considerations i assume

[yoyoy] 26/5/2010 11:31

sharebuilder investment tomorrow.

Matt, you mean since the recession began. Thanks for stating the obvious

[matt] 26/5/2010 10:45

Been on the slide for years.

[nick rubens] 26/5/2010 10:36

Ok just read that 30% of their turnover is UK public sector. Loosing some of that would be worrying. This shares have gone as low as the early 50p range on those fears a year or two ago. Looks good value I must admit though.

[nick rubens] 26/5/2010 10:30

What about the public sector cuts which are coming. Will SWG be affected?

[mattjos] 25/5/2010 16:34

ditto. took some more myself in that drop-off ... seems cheap at this level and with a growing overseas earnings stream against the weakening £.

[lucky_lady] 25/5/2010 15:51

In for a few at 79p. Must be worth it at that price.

[spot1034] 25/5/2010 15:03

Ridiculous price for a company doing good business and making a respectable profit. Someone must surely be running the slide rule over it at this level.

[dickbush] 25/5/2010 14:46

Added more below 80p. Market in panic mode again.

[yoyoy] 24/5/2010 17:16

Try using Sharebuilder it cuts out the thinking

[mattjos] 24/5/2010 15:53

added a few more today

[indomie] 23/5/2010 04:34

Yeah good find - so international op's up to 40% now and "Better financial news is to come, says Blackwood, and there are no plans for "further huge programmes of redundancies".

[rik shaw] 22/5/2010 22:46

SWG also feature in another article in Building regarding opportunities in China.



rik

[spot1034] 21/5/2010 21:42

"Well, we are not in the market for being bought at the moment, but you can't rule anything out,"

In other words, everything is for sale if the price is right!

[orange5] 21/5/2010 21:09

rik shaw - very interesting article, thank you very much.

[rik shaw] 21/5/2010 20:37

Article in Building this week interview with CEO:



rik

[dickbush] 21/5/2010 15:06

Despite coming bad news on government spending, I've just topped up. Got to be good value at circa 85p

[wormcatcher] 21/5/2010 13:05

I can see some more of these heading in to this years isa shortly.

[spot1034] 21/5/2010 11:34

They must be looking cheap to potential predators. Worries about public spending cuts are surely well priced in, and with the weak pound this looks like a bargain waiting to be snapped up.

[indomie] 21/5/2010 11:13

any ideas on the drop back?

i'm expecting confirmation in the forthcoming results that the 35% of earnings from international op's is up and debt down (possibly sub £10m). There's also a big commitment form the new govt to new rail investment, which should help offset any cuts in road expansion - guess will be clearer by end of june!

[mattjos] 13/5/2010 14:28

slow going at the moment but it is slowly re-establishing the break, after the Greek problem de-railed it slightly. On the charts, there is a significant move in the offing here shortly. It looks cheap at these prices but the possibilites for either up or down are numerous. Much seems to hinge on SWG's abilities to drive overseas earnings at a rate, either equal to or faster than, any possible deterioration in uk derived earnings + a good update on the pension fund situation & some greater understanding of what cuts the new uk govt proposes.

So, much hinging on the detail of the results but, i believe a run on 125-130 is possible in the near term, before the next re-trace.

[mattjos] 11/5/2010 15:55

started buying today ... a few to start with