Shearwater Share Discussion Threads

[zico01] 30/10/2021 11:50

Analyst at Berenberg Bank have a BUY rating and a 12 month price target of £3.80
Mr mm thinks it's only worth £1.40

The company bought Brookcourt Solutions in October 2018 for over £30m.They have spent over £60m on acquisitions ... yet Mr mm thinks the whole business is only worth only £33m including over £6m cash.

It should at least be double ie £2.80.

[zico01] 29/10/2021 17:19

The last trading update issued by the company regarding the current year was on 28/07/21 with the full year results:

Post-period highlights and outlook:

-- Trading in Q1 FY22 was strong, with positive signs of returning business confidence.

-- Hiring across all areas of the Group's businesses, with a budgeted plan to increase headcount in both sales and technical roles in FY22 to support the future growth of the Group.

-- Currently assessing a pipeline of potential acquisitions whilst maintaining the Group's disciplined approach to assessing opportunities.

The above indicates that the H1 results will be at least inline or slightly better than forecasts.

I don't think the conditions have deteriorated in Q2 in fact the opposite the trading environment has improved from Q1.

It is healthy for the company to keep the shareholders informed.The lack of news from the company is rightly causing concern for some holders.

The shares will rerate ... if not the company will become a takeover target.

[boadicea] 29/10/2021 15:53

Lack of a trading statement at the accustomed time is bound to cause concern - at least thet is the effect on me! I believe in the maxim that good figures add up quicker than poor ones.
Given that the economy has picked up better than expected some months ago we might have expected an upgrade, so one may now assume that none is forthcoming. The share price seems to be fully discounting this assumption.

There is the outside chance that the company expects to close a big deal or corporate action within the next week or so and is holding back the update for that reason. It is not something I am prepared to gamble on.

The main comfort here is the revenue stream on which it produces meagre margins by peer standards. That could be worth more to a competitor capable of combining business and paring overheads, giving it value as a potential takeover prospect.

[igoe104] 29/10/2021 07:18

Probably better if the release any statements next week, as sentiment towards small caps is more favourable..As its November.

[boozey] 29/10/2021 07:04

We are certainly overdue a trading update. Mildly concerning it hasn't happened yet. An investment in SWG is always a bit of a punt given its historical inconsistent performance. Yet the company works in such a hot industry hence offers attractiveness in terms of risk reward.

[zico01] 27/10/2021 12:41

The last 2 H1 trading updates were both on a Thursday 22/10/2020 and 24/10/2019 so it could well be tomorrow.

[chrisdgb] 27/10/2021 11:41

Hoping the update is soon.......

[linton5] 27/10/2021 10:21

I’ve been testing this out they don’t let you sell even a 1k mmm very bad market makers on this stock

[zico01] 25/10/2021 16:14

28,000 buys in a few minutes pushes share price slightly higher.This will explode on any decent news !

[zico01] 24/10/2021 19:52

We finished the week at £1.40 down by 3.5p ... the share price will rebound very strongly once the trading update is announced.

The company will announce half year results in November so the TU is due imminently.

Any news regarding the promised acquisition(s) will also greatly boost the share price.

[linton5] 21/10/2021 10:34

Well tmmw or next Thursday by the looks of it 141.75 buys going in I’m expecting good results and the lady will move rapidly🤫

[boadicea] 19/10/2021 17:23

I have this Thursday marked for a possible update - or perhaps a week later. If not by then, I might start to get a bit edgy.

[linton5] 19/10/2021 13:52

Pesky mms love a wide spread on swg 🙅🏿

[linton5] 19/10/2021 13:51

Not long now Zico01 and decent update and she will do one 🦅

[zico01] 17/10/2021 10:54

Last years trading update for H1 was on 22/10/20 ... hopefully it should be this week and it will no doubt be very upbeat.

With the H1 results next month ... the share price will continue it's upward trajectory.

[lammylover] 15/10/2021 14:48

That's 2 x 35k at 142.1 and 142.0 - I think that's the same person selling / buying presumably to move from 1 account to another for tax reasons

[lammylover] 15/10/2021 14:48

That's 2 x 35k at 142.1 and 142.0 - I think that's the same person selling / buying presumably to move from 1 account to another for tax reasons

[linton5] 15/10/2021 14:26

Find those trades of 35k strange as they never let you buy or sell 10k games at play here mms bring that spread in tighter no need for it

[zico01] 14/10/2021 17:21

Someone bought 21,270 @ £1.41 at 4.06 when price was £1.35 v £1.38 that's 3p over the offer.

MM's are a bit short of stock !

[zico01] 14/10/2021 17:11

That's too many for me ... since you mentioned rns we still haven't got one for the large trades on the 29th September.

[linton5] 14/10/2021 17:01

👍👍👍 have you reached rns 3%level yet 🤓

[zico01] 14/10/2021 16:44

Linton i also added to my large holding on Tuesday @ £1.34 and £1.35.

[linton5] 14/10/2021 16:36

Hope you got some at 135-136 zico

[zico01] 14/10/2021 16:33

You couldn't even buy 500 shares towards the end.

[zico01] 14/10/2021 16:23

Are the MM's seriously short of stock that a 1000 shares bought £1.38 has pushed the price up by 2.5p !!!