Shearwater Share Discussion Threads

[raggedglory] 26/8/2008 20:10

Well spotted, Rik. It's good to see a scribbler endorsing this company in such glowing terms. Not before time, either.

[rik shaw] 26/8/2008 12:38

Sunday Mail link:

[raggedglory] 16/7/2008 23:26

Last of the hot money baling out from earlier in the month, presumably.

[rik shaw] 15/7/2008 22:07

A couple of large sells today won't help

[rik shaw] 14/7/2008 22:26

So this is the level share price traded on 1st day of dealing back in March 2006. Back here via around 350p at peak. A well under rated company imho but market sentiment still against all things construction.

[raggedglory] 01/7/2008 22:33

Interesting number, sg.... Considered projection? Educated guess? Naked attempt to deramp a promising business?

[simon gordon] 01/7/2008 10:33

If we do have a Global recession as the BIS think is probable then SWG could be heading to £1.50 and below.

[sheik yerbouti] 28/6/2008 11:07

Lanzarote, thanks for the info.

[lanzarote666] 27/6/2008 19:31

Sheik - another angle on the likely consolidation within the sector is covered in IC today with a half page article about the bid approach for White Young Green.

It highlights that the listed consultancy firms have yet to report any serious weakening in orders. The de-ratings have been have been steep considering that many of these companies have businesss lines that remain strong.

Their favourites include SWG good value at 223p

[sheik yerbouti] 27/6/2008 09:41

Snap! We agree then.

[sheik yerbouti] 27/6/2008 09:40

I'm not sure where Tempus gets 12 times forward earnings. I think the forecast is for 22p this year, giving a pe of 10.

[wjccghcc] 27/6/2008 09:40

12x? More like 10x if they use the latest forecast of 21.8p EPS.

[sheik yerbouti] 27/6/2008 09:38

Scott Wilson

A day after full-year figures from WS Atkins, yesterday's numbers from Scott Wilson provided a further reminder that prospects of Britain's better-managed consulting engineers are brighter than their share prices might suggest.

Revenues from the transport and infrastructure specialist were up 24 per cent, or a solid 10 per cent once the effects of acquisitions are stripped out, with a strong showing from its international businesses helping operating margins up from 6.2 per cent to 7 per cent and closer towards its longer-term double-digit target. Strong cashflow pulled net debt down to a negligible £7 million, while the company's order book rose to a record £280 million.

Some 60 per cent of this year's turnover is already secured, against 55 per cent this time last year. Such virtues had little effect on the shares, down 3 per cent yesterday, or 31 per cent on the year, caught up in its sector's retreat on fears of the fallout from a commercial property slowdown. In Scott Wilson's case, this appears unfair given that the sector accounted for just 5 per cent of sales.

In contrast, transport, environment and natural resources account for 71 per cent, where a strong position overseas – especially in India and China – means demand should remain firm. At 220½p, or 12 times forward earnings, Scott Wilson is given little credit for its brand, balance sheet or the likely consolidation of its sector. The prospect of bolt-on acquisitions to enhance earnings adds to the allure. Buy.

[sheik yerbouti] 26/6/2008 08:21

Yep, very positive, low share price looks unjustified imo. Will hold for the long term.

[rik shaw] 26/6/2008 07:17

Excellent set of results and trading well so far in the new year.

rik

[traderabc] 20/6/2008 18:52

thanks henley.

[rik shaw] 20/6/2008 18:45

May also be interest in the sector with WHY flying on bid prospects today.

[henleytrader] 20/6/2008 18:40

This coming Thursday the 26th June.
Looking very good indeed.

[raggedglory] 20/6/2008 18:22

Four buys totalling £1.3m within a ten minute span this afternoon!! Someone evidently has a very good feeling about next week's numbers.

[traderabc] 20/6/2008 16:30

henley
Do you know when they are due?

[henleytrader] 20/6/2008 16:23

Hohoho.. I wander if the results are seeping through the cracks..