Shearwater Share Discussion Threads

[husbod] 24/10/2019 12:25

Trading in line with expectations isn't going to set the share price on fire but the trading statement is at least reassuring for us long termers.Hold and maybe top up for me.A few good contract win RNSs in the next couple of months would be nice.

[outlawinvestor] 24/10/2019 07:58

Thanks metis20.

[metis20] 24/10/2019 07:57

The Group expects to publish its interim results for the six months ended 30 September 2019 during the week commencing 25 November 2019.

[nw99] 24/10/2019 07:40

Solid update more to come for sure stay long

[outlawinvestor] 24/10/2019 07:32

It's good to see an update. I guess we have to wait another 2 months for the "proper" H1 result publication. Hopefully less.

How will the MMs play the news? Will they take it upon themselves to price it up (like they did 2 days ago) or will they leave it to actual demand and supply?

[jammytass] 24/10/2019 07:26

Very good rns at last positive growth and profits

[metis20] 24/10/2019 07:22

24 October 2019

SHEARWATER GROUP PLC

Half year trading update

Shearwater Group plc (AIM: SWG, "Shearwater" or the "Group"), the organisational resilience group, today published a trading update for the six months to 30 September 2019, with the Group continuing to trade in line with the Board's expectations.

Group revenue saw significant growth to approximately £16.0 million (2018: £4.5 million), with approximately 10% of this growth from organic sources. This has resulted in an expected underlying EBITDA[1] profit of approximately £1.0 million (2018: loss £1.6 million).

During H1 2019, the Group secured a number of significant new contract wins, including multi-year managed service contracts, which underpin future revenue growth. A substantial number of live cross selling opportunities were generated of which 19 were converted into contract wins. Shearwater also secured 45 net new customer relationships since April 2019.

David Williams, Chairman of Shearwater, said:

"We have seen good momentum in H1 with the execution of our strategy yielding a materially improved financial performance, resulting in our second consecutive quarter of profits and strong organic revenue growth.

"For the current financial year, we are trading in line with our expectations, with the business approximately two thirds second half weighted. With our developing forward visibility and improving cross selling opportunities, we are well positioned for long term sustainable growth.

"Operating in the cyber security sector, we are well positioned to benefit from one of the most certain growth areas; as for us, there are now three certainties in life - death, taxes and cyber-crime."

The Group expects to publish its interim results for the six months ended 30 September 2019 during the week commencing 25 November 2019.

[2lb] 23/10/2019 21:16

https://www.google.co.uk/amp/s/amp.ft.com/content/afffb542-f577-11e9-b018-3ef8794b17c6?client=safariNice chap this SWG large shareholder

[husbod] 22/10/2019 11:58

Cheers Hierarch - excellent strategy if they don't make such information available to the general public by way of an RNS straight away. Can't even be called insider dealing as it is in the public domain.Disappointing that the initial rise this morning hasn't been maintained.

[hierarch] 22/10/2019 11:54

FYI the RNS was late in the fact that the information regarding the 5 awards was publicly available on Thursday of last week. I’d recommend following the various SWG businesses on LinkedIn and twitter for “news” like this ahead of RNS publication. See for yourself the posts regarding the 5 award wins on those sites dated 17-10-19.

[husbod] 22/10/2019 11:44

Tighter spread now and just tucked a few more away on the strength of this mornings announcement.

[husbod] 22/10/2019 10:24

I hate spreads like that although presumably the actual spread is tighter. It's a common problem with AIM stock.Must confess it's tempting to top up so I might try a dummy trade to see the actual buy price.

[channel pirate] 22/10/2019 09:23

But not good for investors with a 14p sell / buy spread. (224p-238p)

[husbod] 22/10/2019 08:12

Pretty impressive and an excellent selling point when pitching for new business.

[metis20] 22/10/2019 07:18

Today's RNS

Shearwater Group plc wins five awards at the Computing Security Awards

Shearwater Group plc, the organisational resilience group, announces that its group companies, Brookcourt Solutions, SecurEnvoy and GeoLang have won five awards collectively at the 2019 Computing Security Awards.

The category wins include, Security Company of the Year, Security Provider of the Year, Security Cloud-Delivered Security Solution of the Year, and Reseller of the Year. At the same time, Dr Debbie Garside, the Group's Chief Innovation Scientist and CEO of GeoLang, was also recognised for her contribution to the cyber security industry.

Phil Higgins, CEO of Shearwater, commented:

"To win five awards across the Group is a particularly notable achievement and reflects our position in the sector. We are thrilled to receive this recognition from our industry peers and customers.

"These awards also reflect our long standing approach to innovation and high levels of customer service in providing market leading organisational resilience and cyber security solutions."

[husbod] 20/10/2019 20:09

Very interesting article in today's Telegraph business section on the frenzy of deal making that has gripped the cyber security industry.Sophos is the obvious example but apparently there were 183 cyber security deals and 5 IPOs last year and this year is likely to be busier still.A young industry cyber security is now a $100bn global business and there are currently no gorillas (the industry is still dominated by sub-scale companies) so consolidation is the name of the game.I reckon our board fancy being gorillas as they have already bought a good few companies and I bet they're looking for more particularly as they now have a share price that is more friendly to a placing or rights issue.Alternatively we could become prey rather than a predator but personally I would really like to see us getting gorillaesque by a combination of organic growth and inspired acquisitions.

[casabella2] 18/10/2019 16:42

Just wondering if we have any updates in the coming weeks/months.

[nw99] 18/10/2019 12:16

Cyber security business Avast (AVST) is the biggest riser across the entire FTSE All-Share index on Friday after giving a brief update on third quarter trading that paints a positive picture.

[montynj] 17/10/2019 11:51

Broken out of downtrend recently

[metis20] 15/10/2019 11:13

5p target - that was before the 1:100 consolidation - hence the 500p target referred to above.

Consolidation link -



26 Sept 2019 Chairman share purchase -

Shearwater Group plc (AIM: SWG, "Shearwater" or the "Company") today announces that on 25 September 2019, Wentworth Limited, a company in which the Chairman, David Williams, has a beneficial interest, purchased 5,000,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 1.70 pence per share.

That was of course before the consolidation - so the chairman bought £85k's worth effectively at a price of 170pps

[husbod] 15/10/2019 10:17

So any decent buys should see us powering ahead.

[fillipe] 15/10/2019 09:46

Current bests - 224p v 230p, with the total of MM quotes reaming unchanged at only 4500 shrs. Even that meagre number is split between six MM's.

Very tight offerings.

The past consolidation does appear to have ticked the box here.

f

[global nomad] 15/10/2019 08:36

thanks to all posting good information here, I particularly like the idea that the price target of 500p needs revising upwards !

[fillipe] 15/10/2019 08:32

Bests are 220p v 222p, although there are only totals of 4500 shrs on each side of the bid/ask on show.

The highest ask is 240p.

f

[fillipe] 15/10/2019 08:29

Not now.

f