Shearwater Share Discussion Threads

[hybrasil] 01/12/2022 17:30

Oh for goodness sake £100k worth of shares in a company this size is a serious purchase

[lightning rod] 01/12/2022 16:41

Thi is a commonplace and cynical ploy by companies that are in trouble and have lost investor confidence (which SWG surely has).

Throwing £100K at acquiring shares is way short of what SWG needs. It really needs Higgins to go - not for him to acquire more stock. Thankfully he only owns 9.7% so any deal cannot be waylaid by him unless he 'concert parties'.

As he is a Billy No mates so that will not happen.

Just needs a buyer. £1.50 will do (for me) but I do not have much stock.

[northwards] 01/12/2022 16:18

That's a decent confidence vote I'd say.

[chrisdgb] 01/12/2022 15:52

Nice to see, storm in a teacup.......

[lammylover] 01/12/2022 15:38

Strong buy from the CEO Higgins. 101,500 shares at average 95.15p

[bdbd11] 29/11/2022 19:22

I agree with the disappointment with the results as already mentioned and like some others, sold a portion of my holding at the open. However, having reflected during the morning decided to buy the position back (fortunately at a slightly cheaper price - luck more than judgement). For this type of company, still profitable and without debt to be trading at just circa 1 x turnover is remarkably cheap. I agree with the £2 valuation, however we will only see that via a takeover unless the board start to reflect the potential over the next year or two.

[whatisaname] 29/11/2022 12:34

What can I say I like water

[jimbren] 29/11/2022 11:28

Higgins seems a really decent bloke, though. CEO from most successful acquistion. Put money where mouth is, buying a lot at 92p lows last time around in October 22. If he says revenues and cash will be strong in 2h I am inclined to believe him. Very tempted to follow him, just can't decide whether to wait til presenation on friday lunchinme.

[rmillaree] 29/11/2022 10:55

I think everyone is now in agreement ref this share now? pretty rare on advfn i would guess

[jimbren] 29/11/2022 10:35

What happened to the Adj EPS of 8p to y/e March 2020? On lower revenues than f/c for March 2023.

[chrisdgb] 29/11/2022 09:29

Agreed, everybody always seems to hype before the results, I think they will make a decent acquisition in the coming months, pound cost average for me.....

[proman99] 29/11/2022 09:19

Cenkos maintaines a valuation of 200p+.....and explains the reasons why.....they maintain guidance....over reaction means real value here.....

[igoe104] 29/11/2022 09:06

Higgins has a awkward presentation in few days. The thing i don't get is? They have 52 new customer wins. even without the FX issues, they would only have still matched last years figures?

[boadicea] 29/11/2022 09:05

This company seems to be doing everything wrong - apparently hedging at or near the bottom for the pound/dollar so not getting the recovery - and the net margins are miserable. Best hope is probably a takeover and clear out of expensive management. There should be a viable business hidden underneath the pile.

[2lb] 29/11/2022 09:03

Even with taking an “adjusted EBITDA” approach they have broken even and cash has taken a battering so acquisitions are off the table for at least a year or there will be further dilution via placings. This means the model and strategy have changed to a fully organic growth model but they may struggle to deliver the margins to give shareholders a return using that approach ,

[igoe104] 29/11/2022 08:29

Cenkos comments.

The interim accounts bear an unrealised FX charge which has led us to review our forecasts. This liability is now largely hedged and the recent strengthening of GBP/USD has reversed some of this loss. Net cash is lower due to the payment profile associated with a material contract won last year but this will unwind over the next two years. We see these items are speed humps and do not change our valuation of the stock.

[northwards] 29/11/2022 08:17

Agree rivaldo. I've done the same. Have a gander at Altitude Group.

[rivaldo] 29/11/2022 08:12

Sold my relatively small holding as soon as I could this morning. SWG seem one of those companies prone to banana skins. Core trading isn't as rosy as I expected, and the FX loss is just poor planning with hedging only in place after the horse has bolted (or whatever the metaphor is).

Cenkos have reduced their forecasts:

this year - 2.4p EPS
next year - 4.7p EPS

which leaves the P/E looking expensive for some time to come. SWG will remain on my watch list - hopefully it will deliver for holders in H2, but without say contract win news the share price could drift for some time.

[irish boy] 29/11/2022 08:07

What an awful set of numbers. Takeover please.Higgins your time is up !!

[ianhamo] 29/11/2022 08:04

Does SWG invoice in dollars?

[earwacks] 29/11/2022 08:00

Worse than last year unfortunately . They might make full year like last time but unfortunately the world is in a worse place . Be amazed if we don’t see new lows. Depr

[igoe104] 29/11/2022 07:35

Profits been hit sterling. Should start to improve now though. But in this market no excuses be tolerated Unfortunately..

[northwards] 29/11/2022 07:31

It would seem that way.

[watcher13] 29/11/2022 07:10

As the footie commentators would say ‘very poor first half performance, got it all to do in the second half’

[lammylover] 17/11/2022 07:48

HY results out Tues 29 Nov - confirmed by RNS this morning