Shearwater Share Discussion Threads

[channel pirate] 20/4/2020 14:35

My 'mrs' was reading in her newspaper that the Chinese keep a lot of viruses in freezers which are now so old that this CV-19 is thought to have "leaked" out of the freezers and caused this world epidemic. Obviously the Chinese are denning the "leak". (no smoke without fire !!)

[husbod] 20/4/2020 14:26

Definitely get that impression cheeky - the share price moves on small volumes. A lot of countries are easing their restrictions so as long as they do not suffer a second wave of infections the market should be steady. Big if though given we know so little about this Chinese virus.

[cheekyfella] 20/4/2020 14:02

Provided the market in general doesn't have a major pull back next month, the move to £4 could be very swift now.Shares are tightly held

[nw99] 20/4/2020 13:59

Nice move up

[metis20] 20/4/2020 12:57

David Williams, Chairman of Shearwater, commented:

"With all the current uncertainty, we thought that we would update our loyal shareholders as to the progress the Group has made over the prior 12 months as quickly as possible after the year end, before a more extensive update later in April.

"Thanks to the efforts of our highly experienced team, we have been able to produce an impressive result with a substantial swing from an EBITDA loss to profit and notably strong cash generation.

So we expect a more extensive update before the end of this month

Above from -



Shearwater Group plc (AIM: SWG, "Shearwater", "the "Group"), the organisational resilience group, provides the following update for the financial year ended 31 March 2020.

Reported unaudited underlying EBITDA1 is expected to be in excess of £3 million compared to a loss of £1.4 million in the prior financial year, with the Group posting its fourth consecutive quarter of profitable growth. Good cash generation in the period has resulted in an unaudited cash balance of £3.0 million as at 31 March 2020.


The Group anticipates publishing a full year-end trading update at the end of April 2020 and expects to publish its audited results for the financial year ended 31 March 2020 in June 2020.

[husbod] 20/4/2020 11:58

What's occurring?

[jammytass] 20/4/2020 10:37

INTERESTING TIMES AHEAD!!! £3.00 soon!!

[montynj] 20/4/2020 10:12

Looking good on the chart now...just bought in for some shares

[nw99] 19/4/2020 20:18

5.00 pounds maybe

[cheekyfella] 19/4/2020 13:22

You sure you didn't mean 500p

[jammytass] 17/4/2020 17:14

50p year end

[cheekyfella] 17/4/2020 09:01

decent article - £3.10 a decent y/e target

[mfhmfh] 16/4/2020 19:33

hxxps://masterinvestor.co.uk/equities/two-cyber-security-companies-capable-of-significant-growth/

[cheekyfella] 16/4/2020 18:53

Covid 19 related cyber criminality is pushing SWG higher. Every cloud eh :-)

[courant] 15/4/2020 12:55

The flipside is that a general tick down in business-as-usual activity buys IT teams time/space to bring forward projects that would otherwise drag on. I've not seen this directly but have heard some reports of this.

[husbod] 14/4/2020 23:25

Good point cp and let's hope it doesn't happen but if it does it's only a small number of the less profitable clients.The other side of the coin however is that maybe some other companies in the sector might be weakened to the point that a basically sound and complimentary enterprise could be picked up at a lower price than would otherwise have been the case.No doubt the directors are looking around as we speak.

[channel pirate] 14/4/2020 21:00

Hi Husbod - not so sure the regulars would appreciate us turning a few posts on here into our gardening exploits even though things are a little quiet at the moment.

From the last RNS, then hopefully this board will becoming a bit livelier in the next couple of weeks when the company announce their full year end of trading update by the end of this month (April).

Something else I thought of regarding Shearwater going forward - we have to hope that not too many of their clients "go to the wall" in this CV-19 fuelled environment, which would have a knock on effect with the business Shearwater currently has with them terminating !!

[channel pirate] 08/4/2020 13:02

Well Husbod, to be honest now that interest rates on cash accounts are pathetic, I feel Shearwater is not too bad a place to park some money. I'm sure that over the next 12 months I will see a better return here in my ISA than cash in any Bank or Building Society. Did add some more shares this morning with money I had earmarked for elsewhere, but I am already up to my ears in that company.

Re the moniker you mention, then people fist think channel pirate is something connected to the sea / water. All I can say is that when Radio Ham's talk all over the world as I once did, then the 'channel' part could refer to radio channels !!

Right, I'm off out into the garden this afternoon putting up the canes for this years Runner Beans. Will look in again after dinner tonight.

[husbod] 08/4/2020 12:21

Forget the second para cp - I've just read your moniker more carefully.

[husbod] 08/4/2020 12:19

Must confess I have had no issues with AJ Bell who have been excellent on all fronts.I don't know why but I assumed you are or were a channel pilot.Do you have a price target here to sell or maybe top slice?

[channel pirate] 08/4/2020 08:58

Hi Husbod,

Yes I'm sure that is what must have happened.

A few years ago I had a telephone call from H.L. and a young bloke said did I realise the H.L. ISA was not a cash ISA. He then said I had £6000 in cash sitting there and I needed to buy shares or invest in a fund with it and suggested I did this within the next 3 weeks (NO I am not making this up). I did send an email to complain but never did get a reply.

Some of these institutions need to make sure their customer support that deal with "Mr Joe Public" have refresher courses from time to time as I have experienced a few that didn't know what they were talking about.

Before I retired I was a Directly Authorised & Regulated Financial Adviser myself so did know what I was talking about

[husbod] 08/4/2020 08:36

Tend to agree fergus.Sorry cp - it was probably me. I answered a call for volunteers and found myself answering calls after reading the manual Trading for Dummies. I assumed a put option was a golfing term and that it was far too late in the day for bed and breakfasting. Still £20k for a days work isn't bad.More seriously your guy obviously wasn't a regular broker, probably some back office guy, maybe from Compliance horror of all horrors, and you have my one hundred per cent sympathy at a such a frustrating experience.