Shearwater Share Discussion Threads

[sev22] 22/3/2022 14:47

You would think most companies are scrambling to make sure their IT systems can repel an attack. There must be additional contracts for SWG to be won this year.

[rivaldo] 22/3/2022 11:04

Looking good approaching the year end and the run-up to April's trading update.

[sev22] 22/3/2022 11:03

From a technical perspective only the 200 moving average left to recapture.

[pinemartin9] 18/3/2022 13:34

Let's hope for what happened in mid 2021.

[sidam] 18/3/2022 13:19

Although I am not a chartist, it looks to me that the downtrend has been broken.

[its the oxman] 18/3/2022 10:05

Just needs a few more contract wins , ideally an earnings upgrade and belief could very quickly return.

[rivaldo] 18/3/2022 07:43

Cenkos have issued an update note this morning, reiterating their Buy and 200p+ target price.

They've left forecasts unchanged at 11.4p EPS and 13.8p EPS for the years just ending and starting - and they note that the $4.1m contract win "provides some possible upside to our visibility estimate".

In summary:

"Significant contract win Shearwater has secured a $4.1m contract with an existing customer to implement a new zero-day attack prevention system. After a significant proof of value process and demonstrable RoI by Shearwater, this new solution will effectively replace an incumbent solution of a well-known vendor. We continue to see fair value at 200p+."

"Fair value lies at 200p+. Good delivery this year to date is at odds with the current share price. A rating of sub-4x EV/adj EBITDA in FY22E is anomalous and fair value for such a business with a cash positive balance sheet in our opinion lies in excess of 100% of the current share price. Buy."

[chrisdgb] 17/3/2022 12:45

Sounds very reasonable and then we may even push on to the Berenberg target...!

[rivaldo] 17/3/2022 09:30

Cenkos currently have a fair value of 240p or more (i.e "in excess of twice the current price", which was 119p at the time).

At present, given SWG are about to move into a year set to produce around 14p EPS, I'd say given the track record etc from 160p-170p would be a decent first target price.

But assuming SWG meet expectations for this year about to end, then produce a good and in-line set of H1 numbers to Sept'22, that range could be moved up again to nearer 200p.

[2lb] 17/3/2022 08:31

Have never disputed it is trading below true value and I would have it currently at around £1.20 but they continue to be very creative with their numbers and communications

[2lb] 17/3/2022 08:05

Contract wins always welcome , however when converted back into GBP then shown as RAR rather then TCV the number is somewhat less of a headline - note also the most important line - "The contract contributes to the Group's current full year expectations." - already baked into their forecast so no upside , just a sale they need to make to stay on track.

[northwards] 17/3/2022 07:46

Super news. Glad I bought a few more ... could see us past £1 in the coming days. Still dirt cheap.

[igoe104] 17/3/2022 07:41

Sizable contract for a company with a market cap of just over 20 million. You would imagine in this current environment SWG products are going to be in great need. At the moment these look outstanding value...

[hybrasil] 17/3/2022 07:33

Serious contract and very welcome news

[rivaldo] 17/3/2022 07:07

Crikey - a $4.1m contract win!

Over 3 years, but still.....a "significant three-year advanced endpoint cyber defence solution contract with a global financial organisation" sounds rather impressive:



"Brookcourt Solutions secures $4.1 million contract with a global financial organisation

Shearwater Group plc (AIM: SWG), the organisational resilience group that provides cybersecurity, advisory and managed security services, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant three-year advanced endpoint cyber defence solution contract with a global financial organisation, totalling $4.1 million. The contract contributes to the Group's current full year expectations.

Under the terms of this contract, Brookcourt Solutions will be responsible for deploying one of its technology partners' cutting-edge endpoint security software solutions across the breadth of the financial organisation's operations. This solution will improve the resilience of the organisation's digital estate.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"This is an outstanding contract win for Brookcourt Solutions, demonstrating our deep understanding of best-in-class technologies and the strong partner portfolio that we have on offer for our customers. Being trusted to efficiently deploy cutting-edge, robust, effective and cost efficient cyber security solutions to global financial organisations of this calibre is something that we are very proud of."

[lammylover] 14/3/2022 19:04

The 5,000 block buyer is still in action and the share price is gradually moving up. Thanks mate, whoever you are!

[lammylover] 10/3/2022 17:55

43,900 buys today, just 5,400 sells.
Who is selling in the background? Where are these shares coming from?
Is it Killick or someone else?
SWG seems to gradually be moving upwards now from 73/72p lows...

[chrisdgb] 10/3/2022 15:39

Agree, need some deals etc/merger..?

[sidam] 07/3/2022 14:01

Given that Russia likes to hack the west, the market background for cyber security should be very active. So the shares should perhaps be going up not down.

[chrisdgb] 07/3/2022 11:26

Top up for me today..............

[watcher13] 07/3/2022 08:29

Agreed that the issues of the last few weeks are generally pulling SP's lower, but SWG has been on a downward track ever since the 2020 placing. That was at 240p and raised just under £4m so basically current cash was given to SWG in 2020 and they have done nothing with it - the business has been run for 2 years just paying off debt and overheads - easy work for a BoD!

[jammytass] 04/3/2022 15:40

lammy
how much they pay for brookcourt? which b o d friends got the pay out?
which top shareholder is in court
87.5% down since June 2018
no doom just facts