Shearwater Share Discussion Threads

[onjohn] 24/4/2020 09:09

placings every two days here

[hierarch] 24/4/2020 09:08

They are strictly going for profitable businesses - this is stated in the RNS. It will likely be covenant of the RCF that any acquisition is immediately earnings accretive as opposed to loss making. OSI is loss making and I highly doubt the lender will allow it so it maybe that despite OSI being a competent MFA business it will not be eligible for acquisition.

[courant] 24/4/2020 08:59

Osirium OSI is an obvious target here in my opinion. Good technology, bombed out share price, they just haven't converted into sales, but that's the kind of play that makes total sense in a cross selling/group context. Plus, of course, plenty of unquoted businesses in this space.

[montynj] 24/4/2020 08:55

Also note "In addition, the Group has noted a change in revenue mix from higher revenue/lower margin hardware-based sales to lower revenue/higher margin and high recurring software and subscription-based sales". This is encouraging

[northwards] 24/4/2020 08:51

I've dipped my toe here for the first time after watching for a while. A business that is in demand Covid or not.

[mfhmfh] 24/4/2020 08:35

reading between the lines it seems they have already identified acquisition targets and are now awaiting the financing.

IMHO.

[channel pirate] 24/4/2020 08:28

Yes Tole I was there, but although they were showing the buy / ask at that price they would not sell any at that price, well not to me anyway. As said above, I was being quoted 272.8p but waiting for lower later hopefully. GLA

[tole] 24/4/2020 08:21

It opened 245-250 if you were quick enough..

[husbod] 24/4/2020 08:18

A steal at 240 and it's a pity we can't participate. I accept however the given reasons and the apology to us. The potential available with this extra funding is truly exciting and suspect they already have some targets in mind or indeed are already in advanced discussions.If it goes much lower I'm topping up.

[channel pirate] 24/4/2020 08:06

Yes, I have just been quoted 272.8p to buy

[come on] 24/4/2020 07:42

Well an immediate drop on opening I presume to,placing price or there about

[jammytass] 24/4/2020 07:35

placing ouch

[hierarch] 24/4/2020 07:35

Placing and RCF primarily to capitalise on the hunt for acquisitions that this pandemic will no doubt throw up some bargains. £1m in the bank from April £2.5m placing and £4m RBL makes near £7.5m - To me this initial raise is clearly just the start and I think they are either looking at one huge acquisition or rather a basket of them. Looks like we have an exciting few months of not weeks ahead of acquisitions coming in at attractive recession discounts. Great to see they have mobilised capital to take advantage of these once in a blue moon scenarios.

[furgus ferret] 23/4/2020 15:37

Shearwater has commented. In fact they are hugely benefiting from the indirect consequences of Cov-19. On April 2nd the CEO said :

"The world is recalibrating, and it is impossible to predict with certainty the impact of the surreal events experienced since the COVID-19 appeared in our lives. We have always maintained that data and organisational resilience is one of the few areas in which growth is more or less assured. Also, the current uncertainties are providing us with interesting opportunities to expand our reach at attractive valuations.

"Moreover, as a result of recently increased numbers of people working from home, our software division has seen significantly higher levels of activity which gives us confidence for the year ahead.

"With good momentum as we enter the new financial year, we remain confident of building on the considerable successes of 2019/20."

[mfhmfh] 23/4/2020 14:41

so hard to buy.

this along with a few others seem to be only a handful of companies who have not stated they have been negatively impacted by coronavirus.

IMHO.

[channel pirate] 22/4/2020 06:58

Yes agree with you there Cheeky. Was reading a small article in last Sundays newspaper where Peter Hargreaves had said he thinks we will get another dip in the markets due to this CV-19 even though the markets have recovered somewhat at the moment, so not to be in a hurry to throw all your cash into funds / shares right now.

So it's pick out your choice of investment (shares / fund / commodities) and have some cash available to buy in if and when you feel comfortable with the price of your choice.

Good Luck All.

[cheekyfella] 21/4/2020 23:59

Glad you got it the right way round this time CPMarkets looking a mess in general again so might be some further opportunities if their is weakening of prices across the board

[channel pirate] 21/4/2020 16:51

Hello cheeky,

Well managed to sell 434 share @ 290p yesterday in my fund and share a/c and just bought 429 shares back @ 277p in my ISA a/c.

Hargreaves not doing "bed and ISA" transactions during the CV-19 pandemic, so having to do it myself - and cheaper than what they would have charged should they be doing it anyway.

Happy enough with that - small profit in it as well - a good days work.

[cheekyfella] 21/4/2020 14:26

As I said yesterday, shares are tightly heldMMs have dropped price to see if they can shake out some sellers imo.

[mfhmfh] 21/4/2020 10:37

there may be a large buyer in the background sweeping up all the sold shares.

[chester vase] 21/4/2020 10:00

Same here..I find these shares almost impossible to trade how can you not buy a few hundred shares when 10k plus have been sold ?

[channel pirate] 21/4/2020 09:25

Been trying to BUY £1300 of shares this morning around 9-15am / 9-25am and H.L. are NOT able to give me a live on-line price !!

[husbod] 20/4/2020 15:07

I heard a detailed report quoting many scientists, including Chinese ones, that concluded that almost certainly the virus leaked from the large research laboratory in Whuhan, apologies if that's not the right spelling, which coincidentally is where the whole thing originated. It's a Fox News item but nevertheless was quite persuasive. In my capacity as President of Pobas, protection of bats against slander, I have written to the President of China requiring him to withdraw this slur against innocent creatures.Thanks for the heads up on Zac Mir Hierarch.

[hierarch] 20/4/2020 14:58

Obviously as a disclaimer anyone who has seen my previous posts will appreciate my opinion of this stock and im not trying to dissuade anyone from purchasing more - you should. I ask only that you act extremely carefully around buying on the artificial highs which will be generated by zak mir following day traders. The last time this happened many people purchased stock bumped up all the way too the £3 level only for zak mir's merry men to trigger a huge influx of sells thus profiting massively off any of you that bought on the way up. Dont get caught out again.

[hierarch] 20/4/2020 14:52

Zak Mir has highlighted SWG again. Brace yourself for an influx of day trader activity. Anybody who remembers what happened the last time his ilk came over here would do well not to buy additional stock as they try to push the price high over no news to sell it back down to more "normal" levels. Dont fall into the Zak Mir's idiotic band of blindly following day traders causing this artificial price increase. As much as it pains me to say this as SWG is an amazing company - Id hate for anyone to be caught foul of this manipulative band of day traders. The sells will come as quick as the buys. Obviously we are pending a good end of year update but as long assuming this doesn't come within the next week - just remain sceptical over trading activity while Zak Mirs merry morons are getting excited - these people are not LTH and will cause volatility which they will take advantage of.