Shearwater Share Discussion Threads

[ianhamo] 15/11/2022 12:42

As the saying goes, "buy on the rumour, sell on the fact! "

[earwacks] 15/11/2022 10:18

Yes hardly worth the expense of an RNS so close to results. If other companies are anything to go buy you get 1 market reaction on update and sell off with exactly the same news on the results

[northwards] 15/11/2022 08:05

Suspect they'll issue H1 later this month without a pre trading update is my guess.

[earwacks] 11/11/2022 18:09

November 25th for h1 last year. Might be holding on for more news first on update. Not sure they have got an acquisition in the bag yet which has been a drag for too long. Hopefully TU will be better than last year

[chrisdgb] 11/11/2022 15:22

seems overdue......?

[qs99] 11/11/2022 15:02

look forward to a TU, with cash moving nicely and EBITDA, let's hope being in the right market space will allow further progress to be made

[hybrasil] 11/11/2022 14:22

Is this a blind squirrel moment

[hybrasil] 11/11/2022 10:41

I think/hope this is on the verge of a breakout

[hybrasil] 07/11/2022 09:31

I suspect it will come tomorrow. Maybe wrong
Bought 12000 this morning

[northwards] 07/11/2022 09:00

A few peeps offloading ... I think people may have been expecting a trading update by now.

[hybrasil] 04/11/2022 13:14

Bought another 2k this pm. Had to pay 105

Roll on the TS

[lammylover] 04/11/2022 11:01

Well done mate, there could easily be 40% plus upside here, if the H1 results beat H1 last year's results (which shouldn't be hard as they only accounted for 30% of FY)
SWG in a much stronger position now with no debt and cash. Also, everyone seems to have forgotten the big contract wins this year...

[lammylover] 04/11/2022 11:01

Well done mate, there could easily be 40% plus upside here, if the H1 results beat H1 last year's results (which shouldn't be hard as they only accounted for 30% of FY)
SWG in a much stronger position now with no debt and cash. Also, everyone seems to have forgotten the big contract wins this year...

[hybrasil] 04/11/2022 10:01

Tried to buy some more got 2k but virtually nothing left round this price. I’m quoted 110 for size

[hybrasil] 04/11/2022 10:01

Bought another 10k this am

[rivaldo] 03/11/2022 12:13

Techinvest updated on SWG in their issue covering September as follows FYI:

"Shearwater
112.5p (SWG; AIM)

Shearwater has reported revenue and adjusted EBITDA ahead of market expectations for the year ended March 31. Revenue was up 13% to a group record of £35.9m, driven by a 70% increase in revenue from security solutions as clients returned to offices, and contracts previously on hold were restarted. Adjusted EBITDA increased by 19% to £4.4m with margin maintained at 12%. Adjusted pre-tax profit was 24% higher at £3.0m and corresponding earnings per share increased by 10% to 11p. Shearwater ended the year in a strong financial position with no debt and a net cash balance of £5.6m (23.3p per share).

Average new customer spend was up 43% year-on-year with 186 new customer wins in the period (2021: 155). Twenty new clients were introduced to the company through cross-selling, up 54% on a year earlier. Over 64% of the client base now has long-standing relationships with Shearwater of more than three years. The software product set was strengthened with SecurEnvoy developing its cloud Identity and Access Management platform. Investment was also made in infrastructure to underpin future growth in new international territories. Shearwater added that the new year has started well and first quarter trading is in line with management expectations.

Developing trusted long term client relationships whilst deepening the company’s expertise is allowing Shearwater to provide extended offerings to its blue-chip clients, resulting in larger contracts and enhanced revenue. In addition, seeing the size of the opportunity in the identity and access management software space, management has rightly focused investment on extending the company’s platform in this area. With a strong market backdrop, we anticipate further progress from Shearwater this year and beyond. Strong hold."

[qs99] 31/10/2022 10:59

Just noticed as well. Looking back at last years' results with net cash (hopefully increasing since then) and solid trading in a good market, with healthy EBITDA, IMO this looks like a decent bet against an imminent trading update based on last year! Have tucked a few away....DYOR

[boadicea] 31/10/2022 10:15

It looks like we're on an upward path at last.

[chrisdgb] 31/10/2022 10:07

Interesting........

[northwards] 31/10/2022 09:43

This will move quick with any sustained buying.

[earwacks] 29/10/2022 18:53

Anything north of 20 million revenue would be handy for first six months. Last year it was only 10 million. The market doesn’t seem to be able to factor in the bias towards year end unfortunately which the last two years has ended being marginally ahead.

[boadicea] 29/10/2022 17:13

According to Master Investor the tu is "imminent".

[northwards] 26/10/2022 09:32

We had a trading update on 2 Nov last year - so hopefully something soon.