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SWG Shearwater Group Plc

41.50
-1.50 (-3.49%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shearwater Group Plc LSE:SWG London Ordinary Share GB00BKT6VH21 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50 -3.49% 41.50 15,000 15:42:40
Bid Price Offer Price High Price Low Price Open Price
40.00 43.00 43.00 41.50 43.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 26.69M -8.18M -0.3431 -1.21 9.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:42:16 O 15,000 41.112 GBX

Shearwater (SWG) Latest News

Shearwater (SWG) Discussions and Chat

Shearwater Forums and Chat

Date Time Title Posts
03/4/202416:47Shearwater with charts etc....3,294
29/9/202208:01Scott Wilson plc1,306
29/7/202222:23Expect significant upside from Ј1.50 285
13/4/202207:09Shearwater Group6
05/4/202015:48Sensible Shearwater 440

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Shearwater (SWG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-17 14:42:1741.1115,0006,166.80O

Shearwater (SWG) Top Chat Posts

Top Posts
Posted at 17/4/2024 09:20 by Shearwater Daily Update
Shearwater Group Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SWG. The last closing price for Shearwater was 43p.
Shearwater currently has 23,826,000 shares in issue. The market capitalisation of Shearwater is £9,887,790.
Shearwater has a price to earnings ratio (PE ratio) of -1.21.
This morning SWG shares opened at 43p
Posted at 03/4/2024 16:47 by lammylover
I reckon the Interim CFO will mop up all the cheap shares from today. The share price hasn't dropped despite some big sells. Clearly someone has placed a decent sized order.

If you look at the RNS again, Higgins states "we are actively negotiating several substantial contracts". The CFO will know what stage these contracts are in negotiation and if they are close to a done deal; its an ideal time for him to buy his first shares as a show of faith in the future.
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 03/4/2024 08:44 by earwacks
One of the many problems they have is the appalling record in forecasting. If they lowered the forecast to something realistically attainable it might not look as bad as it does. To continually miss targets by 30 per cent or more is unprecedentedly stupid. There again paying 30 million for Brookcourt was outrageously stupid. It just makes them look like they don’t have a clue what they are doing. Share price holding up remarkably well considering.
Posted at 03/4/2024 08:01 by fgump
Target price has been lowered to a point that any offer even close to that would make the directors position very challenging to say no.
Posted at 26/2/2024 16:44 by lammylover
Looks to me like a large buyer (fund?) has put a limit order to buy as many shares as they can around 55p. Doing this will clear out all the sellers; reposition the share price to a better place and hopefully allow it to lift off towards 100p; on any good news; such as contract wins.
Posted at 10/1/2024 18:58 by tole
https://masterinvestor.co.uk/equities/alumasc-shearwater-and-more-all-on-the-move/Shearwater Group (LON:SWG) – Corporate Recovery Is Now Underway It has not performed well subsequent to my previous COVID Profiles on this company, but I am now having another attempt at getting it right. Capitalised at £12.1m, the cyber-security, advisory and managed security services group, which has recently secured an attractive three-year contract with a leading global bank for its services, is UK-based but operates on a global scale. The company is expected to see its sales for the year, to the end of March 2024, rise from £26.7m to around £32.5m, spinning it around from its previous pre-tax loss of £1.3m to a profit of some £1.0m, worth 4.2p in earnings against a 0.4p loss per share. Estimates are already out there for the coming year to lift revenues to £37.0m, hoisting profits to £1.7m, worth just over 7p per share in earnings. It is the anticipation of this recovery, as well as its potential over the next 15 months, that makes the group's shares at just 50.50p look an attractive counter in 2024. Analyst Price Objectives are just above the 100p mark.
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 23/11/2023 16:22 by lammylover
All they need is a few contract wins and that is perfectly foreseeable. Its not all doom and gloom, as you make out.

They actually won a £1.3m UK Gov Contract in October but didn't declare it as a separate RNS (as Martin Flitton says in his webpage, they wanted to be cautious about the messaging to the market and not appear overconfident about projections).

Current share price is dirt cheap and will rise rapidly if confidence builds that they can hit FY revenue, EBITDA and cash position projected.
Posted at 23/11/2023 15:34 by fgump
Like many other micro cap aim shares this is going nowhere unless they show solid organic growth or they resort to corporate activity, which is difficult when your share price is down the toilet. Alternative is they get acquired but as ever the directors will have a fanciful idea of what their shares are worth based on outdated valuations and with no reality check for the fact they they are failing the business, their colleagues and their shareholders by doing the same old thing day in day out!
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?
Shearwater share price data is direct from the London Stock Exchange

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