Shearwater Share Discussion Threads

[hybrasil] 31/3/2023 07:54

Lammy
I too would have thought (with all the news of cyber attacks etc) that business should be booming.

[lammylover] 31/3/2023 07:50

Frustrating RNS. I emailed the PR company yesterday and flagged that no RNSs for contract renewals or any new contract wins have been announced since Sept 22. As others have said, they must have known that the Revenue would fall way short of last year. I guess they hoped that things would pick up as the economy improved in the last few weeks. I am however surprised that customer companies would stop spending on specialist IT to prevent / fix hacking attacks, as clearly these can stop a business in its tracks or even break its reputation. Surely this is a non discretionary spend?
Hopefully we'll see some significant change here - perhaps a takeover / sale of this business. The only good thing is that Higgins (CEO, founder) owns 10.1% of the business so that he will take more financial pain than us smaller holders. I also mentioned in my email yesterday to PR, that the CFO only holds around 5.700 shares. I suggested that he should buy more. Well today's the time for him to stick his hands in his pockets as no doubt the share will be 25%+ cheaper than yesterday...

[hybrasil] 31/3/2023 07:40

Well if it stays where it’s indicated I will have suffered my biggest loss in 15 years

[2lb] 31/3/2023 07:28

Lousy is generous , that is a horrendous miss , how can you advise £37m then only a matter of months admit it will be £27m and loss making........

[deanowls] 31/3/2023 07:28

WTF did they wake up yesterday and discover they were 10.7m behind on sales and missing 4.4m ebitda? This should have been flagged much earlier unless they were negotiating large deals into the last week(not sure when they recognize revenue). Absolutely terrible management.

Customers don’t suddenly start switching off IT systems especially security so what is going on.

[hybrasil] 31/3/2023 07:27

Now that is not what I was expecting. Those big trades of the other day should be looked at. It certainly was a well timed sale - at the very least.
I think this is going to be very sore.
I had considered buying some more yesterday. I already have a substantial number.
I didn’t because I bought in another company

[watcher13] 31/3/2023 07:14

Lousy update - I guess share price performance should have warned us

[lammylover] 30/3/2023 11:34

You could buy at 79p earlier. The two big trades may be a bed and breakfast (someone transferring monies over from accounts, as spread is tiny for such large trades) The 1670 shares at 79p is a buy, as is the 5000 shares at 79.4462p.
Very cheap at this price.
Thanks for positivity Hybrasil.
Its a frustrating share to hold, as not much info during the year, but always seem to deliver strong H2 results.
SWG seems a forgotten gem with no debt, cash pile (£1.5m in Sept) and CEO who has a lot of skin in game = over 10% holding and keeps adding.
Business only valued at c£20m market capex.

[bdbd11] 30/3/2023 11:13

Indeed Hybrasil. If you look at the long term chart, this represents a double bottom (the other in March last year). Unless there is something wrong we don't know about, this could be a very good entry level. Having said that it looks like 2 sells of 52000 shares just went through. I wonder who is selling in volume at this price?

[hybrasil] 30/3/2023 10:31

Don't worry Lammy. If you look at the chart it was this low in March last year.

Probably sellers before the 5th April

[lammylover] 30/3/2023 09:44

Just dropped PR company an email ref sinking share price. They need to get a "holding" RNS out to effect that "they know no reason for share price and everything in order".

[chrisdgb] 30/3/2023 09:37

Indeed.......

[northwards] 30/3/2023 09:24

Looking a bit sick here. Be good to get a trading update out.

[2lb] 30/3/2023 09:21

Year end tomorrow, another year of zero acquisitions and likely stunted progress , no doubt more extensive "adjusted EBITDA" jiggery pokery on the accounting side already bring prepared to hide the true profitability

[solarno lopez] 21/3/2023 12:55

That’s why I keep buying a few

[hybrasil] 21/3/2023 12:53

My short term target is substantially higher

[chrisdgb] 21/3/2023 12:50

As a reminder, the CEO, who owns 10% of the company was a happy buyer in December at just under £1, that feels the short term target...

[hybrasil] 13/3/2023 11:06

This company is in exactly the right place at the right time.

I hope the forthcoming results give the share price a right boost

[hybrasil] 03/3/2023 11:01

Yes it’s classically undervalued. Could be double this price by may

[earwacks] 01/3/2023 20:45

Market cap is now 11 million less than they paid for Brookcourt. Serious negative equity. There is obviously a massive liquidity problem across the market. At least they are still without debt as far as we know, with interest rates likely to rise further. Arnold Clark the latest company to get data breach which could wipe them out. Will these guys ever learn? Shame there isn’t at least a dividend. Revenues should be nearly twice the market cap if it’s going to plan. Last news on website is from over a year ago which is pretty poor

[bdbd11] 24/2/2023 11:13

I'm not sure ECSC would be a good fit. Regardless, it's unlikely the major shareholders there would agree to a deal unless it was well north of a £ due to the current very low valuation (at about one third of turnover!)

[chrisdgb] 24/2/2023 09:25

Maybe they should buy ECSC Group, looks a bargain at these low levels........