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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shearwater Group Plc | SWG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 41.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 41.00 | 41.00 | 41.00 | 41.00 | 41.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 03/4/2024 08:45 by rivaldo Incredible that revenues could be down on forecasts by such a huge amount. Cavendish were evidently totally blindsided by over-optimistic guidance from the company.Cavendish, who now have a 78p target price, have reset forecasts for the coming year to £27.6m revenues, 2.4p EPS and a £6.8m closing cash pile at March '25 (against the current £10.35m m/cap). The cash/asset backing to a supposedly profitable cyber-security business was the reason I invested here, so at least the downside remains well protected, but SWG have a lot of work to do to deliver potentially substantial upside from here. I would rather Cavendish had underpromised further and forecast say £25m revenues, as overdelivering is always the way to go. Anyway, they conclude today: "Valuation and conclusion: Shearwater Group is a company with a unique and differentiated set of capabilities in critical cyber security applications, and a global blue chip customer base. The company has a strong balance sheet and a track record of strong historic profitability and strong cashflow, together with a resumption of positive cash generation delivered during FY24. The current share price corresponds to an EV/Sales ratio of 0.2x. We are reducing our own target EV/Sales to reflect the slower recovery trajectory, but we argue that a new target of 0.5x is justified based on the medium-term potential. This corresponds to a new price target of 78.0p." |
Posted at 13/12/2023 17:19 by lammylover There are no changes in the list of declared shareholders (i.e. above 3% holding).Can't see Higgins CEO of Sharewater wanting to do an MBO, after all he's 58 now. When he sold Brookcourt to SWG he made a fortune, but has bought plenty of SWG shares with that money at double the current price, so he'll be hurting along with the rest of us shareholders! I would have thought it more likely that he would use this year as a turnaround year. They have already restructured and simplified the group; reduced headcount and taken £200k cost in H1 for this. I'd expect a much stronger H2 and FY performance and when the share is back over 100p, he'd be open to offers for a takeover. Aided by the Interim CFO. |
Posted at 24/11/2023 13:27 by lammylover Also just listened to presentation:I've given the following feedback 1) Phil's presentation slides are still not clear. Needs to bullet point key items. 2) Adam's financial presentation a model of clarity 3) Good work done in restructure and refocus of business. Just need to convert leads into new contracts and get renewals signed. 4) Phil ducked a very good question (not mine!) on why other similar businesses are growing in cyber security and SWG aren't at present. I have suggested that if he doesn't know the answer that he goes to find out and / or a bit of soul searching about what needs to change? 5) Question about Gov Contract win not RNS (was my question). I appreciate that the board don't want to mislead market, but private investors / funds need to know that they are making progress and its a worry to wait for HY / FY result RNSs to find out what's going on! |
Posted at 23/11/2023 18:25 by 2lb Poor guy???Read this and then say that......... So that's SWG largest private shareholder out of sight for the foreseeable..... |
Posted at 22/11/2023 13:57 by lammylover SWG with 23.76m shares at 47p/share is now worth £11.17m market cap.That with net cash at end Sept 23 of £2.2m. Last year's H1 net cash was £0.9m, but share price was 90p....valuing business at £21.38m. Some de-rating that, especially as H1 Revenue for both years are similar. Yes they need to deliver on the pipeline of opportunities in H2, but current share price too low and oversold, surely? |
Posted at 22/11/2023 10:36 by earwacks Well Ian. It’s pretty simple IGP talked the talk and the numbers stack up to prove it . SWG talk the talk and erm, where is the recovery? It’s actually marginally worse than last year and another loss. They talk about delayed orders and burgeoning pipelines but the numbers do not lie. 35 percent drop in 22 year end and this year the first sim months is marginally down on previous two interims that were considered a disaster. The cash balance is slightly improved but only baca use they lost nearly a million last year on exchange rate. So that cancels that out. Really would have expected some sign of recovery evidenced in the numbers not more small talk. One interesting new contract, but would have hoped that would be on top of existing contracts not replacing old ones. 41 new clients? Are they getting a free service or something? |
Posted at 18/10/2023 09:11 by igoe104 Big Drop today. Its happening alot with these small AIM small caps.SWG down 11% based on a £1800 sell, unbelievable.. You would think their would be alot of demand for SWG services in this current climate.. |
Posted at 05/9/2023 15:43 by rackersthedon 🤦aoh dear Johnnyfazack - 18 Oct 2021 - 16:37:34 - 2318 of 7319 SFOR - SFOR Last chance everyone before this one rockets...SWG...don' Johnnyfazack - 27 Oct 2021 - 15:28:24 - 2417 of 7319 SFOR - SFOR P.S - big SWG update tomorrow |
Posted at 05/9/2023 13:38 by igoe104 Cenkos have just issued a buy note for SWG.Shearwater Group has released FY23 results in-line with our expectations, following a challenging Q4 as disclosed in the trading update of 31 March 2023. The outlook statement guides towards continued improvement in FY24E and we maintain our forecasts and BUY recommend |
Posted at 30/8/2023 12:40 by weatherman OSI has succumbed to a bid at 2.35p - maybe SWG next? |
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