Shearwater Share Discussion Threads

[northwards] 22/10/2020 08:46

Jh - that's my view and perhaps they can pull off a smart acquisition without diluting too much/if at all.

[jh59] 22/10/2020 08:44

With £4m of loans paid off, circa the same cash in the bank and an untouched credit facility, despite the adverse trading conditions, how many companies would like to be in Shearwater’s position. I would suggest an ideal time to top up, and average down, as I will be doing shortly!

[watcher13] 22/10/2020 08:21

Hmm - not so sure it's that positive. £1m ebitda in H1 means they need to do well over £2m in H2 to beat last year's number. Even with the Covid impact those H1 revenues are much lower than you would expect from a growth company in a growth sector. Be interesting to see how the market takes it - early signs not brilliant.

[channel pirate] 22/10/2020 08:20

I feel sure there is a relationship between those delayed "big trades" after the market closed last night and todays RNS.

Interesting to see how this plays out over the next couple of days !!

[2lb] 22/10/2020 08:18

These guys are experts in creative accounting euphemisms.Can't see the market buying it , too easy to unpick the reality.

[jh59] 22/10/2020 08:05

A positive update. Despite the drop in revenue, Shearwater continues its March towards profitability! I wonder how easy it will be to buy today?

[igoe104] 22/10/2020 07:42

Yes a big improvement in margins, bodes well for H2 as them deffered contracts kick in. Manangent have done a good job.we should see a even bigger improvement in H2.

[northwards] 22/10/2020 07:15

Well, I'm pleased with that update. Would expect blue today.

[northwards] 21/10/2020 16:47

Couple of big after hours trades. They appear sells but you never know.

[jh59] 21/10/2020 16:33

ChannelP, I sent an email to their pr company requesting any information that they might have.

[channel pirate] 21/10/2020 11:59

jh59,

I talked to a guy in Investor Relations and he would not tell me anything - I learn more about what the company is doing from on this board !!

[jh59] 21/10/2020 11:33

If you go on to the Shearwater website you’ll see that they now have a pr department. Maybe they could help you?
An update is due, maybe they could say when?

[washbear] 21/10/2020 10:55

Yes BOD significant holding is a reason to be cheerful ! It would be nice to get some meat on the bones of what they are doing where ? There must be people here who are employees who can give us a morsel or two of news ! I mean we all hide behind pseudonyms!

[northwards] 21/10/2020 10:38

We had a half year trading update on 24 October last year. So some clarity on the 1st half should be imminent. Any reassurance should be seen as positive by the market.

[jh59] 21/10/2020 10:26

Hi Washbear, I’m no expert, but it seems to me that the mms are probably holding a lot of shares from the recent big seller. That could affect the share price what gives me confidence in Shearwater is the share holding of the bod, which is around 27%.
These guys believe in this company and are not afraid to put their money where their mouths are. They must be sitting on significant losses. Sentiment can be a crucial element in share price there are plenty of overpriced companies. Shearwater is definitely underpriced.

[channel pirate] 21/10/2020 10:09

The potential for Shearwater to grow is out there if they look for it :-

Today 21-10-2020:

In equity markets, cybersecurity provider Avast gained after it reaffirmed its full-year guidance and posted a rise in third-quarter earnings and revenue.

[washbear] 21/10/2020 09:47

Morning JH...of course your comments apply to all shares. But other computer security stocks like NCC are on the up. CNC hold their own. So SWG is right sector at the right time but share price struggling.Please outline reasons to be cheerful?

[jh59] 20/10/2020 13:55

I’m probably one of the rampers that’s you’re referring to Rockstar.
The market is certainly hard work at the moment for obvious reasons.
I just hope that the forthcoming trade update is not negative, or requiring further share dilution.
I have no intention of selling, I may even add to my holding,If, as I hope, we get a last minute trade with the EU, we should see a significant rise across the board

[northwards] 20/10/2020 13:32

After hours trades again ?

[rockstar10] 19/10/2020 16:32

I am not sure the half year update will be that inspiring. Flat at best I expect. What is noticeable is that the price rampers have been absent for some time now. Maybe they are the ones who have been selling. Market still hard work right now.

[igoe104] 19/10/2020 15:38

I've added a few today, hopefully results should show - that things aren't as they look, chart wise ..

[northwards] 19/10/2020 08:31

Let's see if we get a trading update for the first 6 months in the next week or two. I think it's likely.

[washbear] 16/10/2020 10:40

I m hanging in for the Trading update later this October. And if it appears this outfit cant "get it up.".I ll consider realising my loss...What is wrong with British Tech ?@

[watcher13] 16/10/2020 09:56

Well this is another disspiriting day - share price now 35% down on the placing price of May 2020 - that's £19m wiped off the value of the business during a period when most businesses were recovering lost ground. There is something going on here I can't figure out - the public utterances (rare as they are) are marginally positive but the downward pressure is constant - do we have a large shareholder slowly exiting? Are some in the market aware of potential dilution? Have we lost contracts? Do we have outstanding legal wrangles with one of the former owners of an acquired company? It's about time the Company opened up a bit so we as shareholders are not left in the dark.