Shearwater Share Discussion Threads

[lammylover] 08/6/2023 07:22

As mentioned RNS sounds more positive and cash at £4.0m is higher than that predicted in RNS of 31/3/23 when it stated £3.4m.

[northwards] 08/6/2023 07:14

Slightly more reassuring words this morning. And cash growing through this year from £4m.

[igoe104] 07/6/2023 14:36

Totally agree if they can't make hay in this environment, when are they going to. Must be very easy working for SWG, lots of time to put the kettle on etc etc.

Just shows, their products aren't great as they think.
Obviously a one trick pony Brookcourt, the rest of the businesses are 💩

[watcher13] 07/6/2023 14:14

I'm beginning to wonder whether anyone at SWG actually works - are they all at home or something? Cyber crime is on a rapid rise at present - Capita, BBC, Boots, BA etc all recent victims and all these organisations will need to carry out extensive investigation of the causes, review their systems and add new cover and products. And where are SWG in this sudden surge in activity in this sector? - last contract win April 2022 plus a renewal in Sept 2022 - must have exhausted them!

[elsa7878] 05/6/2023 00:17

The previous CEO was an idiot and was moved on as he was clueless. He authorised the acquisitions.

[chrisdgb] 26/5/2023 15:25

Bit of Friday afternoon fun....?

[earwacks] 18/5/2023 11:32

The Ceo sold Brookcourt to Swg for 30 million. The current market cap for the entire operation is shy of 14 million now. Someone in the org needs some math, and a lot of it!the revenue crash was pretty poor for a ‘growth company,’ unfortunately and they dont have enough umph to make a decent acquisition. Options are very limited now. Looks like cybersecurity, including myself, is not the sector people were hoping for. Wishing you all the best if staying, but miracles dont tend to happen in this game, unless Swg take you over

[chrisdgb] 27/4/2023 12:20

Net cash and 'strong pipeline' give me hope here.......

[chrisdgb] 24/4/2023 09:56

Well the CEO buying certainly suggests all is not lost........

[2lb] 19/4/2023 15:50

Expecting Private Equity to take it off AIM for circa £30m, Higgins will depart as will a number of others and a new team will be hired to drive fully funded M&A over the next few years before a trade sale.

[bdbd11] 18/4/2023 13:30

Currently available to buy at the bid price of 62 (spread 62-64). Just bought a small handful.

[drew lonmenob] 18/4/2023 09:30

i did warn ya






Drew Lonmenob9 Dec '21 - 11:57 - 2527 of 2955 Edit
0 3 0

[lammylover] 18/4/2023 09:29

Maybe Higgins knows: a) Contracts he expects to sign shortly or b) Someone in industry who has offered to buy SWG business and take it private..??

[chrisdgb] 18/4/2023 09:17

He's certainly going for it.........

[earwacks] 06/4/2023 07:25

Have our answer this morning. PH has purchased 60,000 in 3 trades. Apparently there are not many shares available, which is why he purchased over 3 days. Following director purchasing here has a disastrous track record. Very tempting, but there are equally and possibly better trades to be had. Lets face it he has loads of cash from selling Brookcourt at 30 million. Would have hoped for more transparency about delayed contracts and how likely it is some of them could get filled in the next few weeks before July finals publication.

[earwacks] 04/4/2023 11:21

Yes quite right North end of July. Confused by the early update which has traditionally been end of April. So That knocks my theory about closed period out the park! Had a brief chat this Am. They are extremely apologetic about the performance and working hard to fix. Obviously they can’t disclose any extra information outside the RNS. I gave a few pointers that they might address in next presentation such as wtf do all the other companies contribute to Brookcourt plc! Basically the weighting to the big revenue in the final month being March didn’t happen this year. Could be an unfortunately timed blip. Could be a bargain buy, but there are plenty of those around T the moment. Gl all

[northwards] 03/4/2023 19:35

We're not due to announce annual results until July ?

[lammylover] 03/4/2023 19:04

Thanks for feedback earwacks, on the closed period.
Agree, that cutting back on cyber security seems a very dangerous game. I can't imagine any Board of Directors being comfortable sitting in a press meeting or AGM, after a cyber fraud attack when they have lost customers / reputation / massive financial damage and admitting that they took some short cuts in protecting their business from an entirely foreseeable risk.

[earwacks] 03/4/2023 16:57

Closed period is 30 days prior to annual
Results. So I would imagine they prohibited to purchase until results are published end of this month. Same thing recently with Anp. Doesn’t look great for cyber security. Dark put out a great RNS this am. Igp put out an RNS about new contracts and share price dropped. Ncc continued down after poor results same day as SWg. Software sector also out of favour. Seems the more the government warns about cyber attacks(again today)the less companies get protected

[northwards] 03/4/2023 13:27

Good Q. I'm asking the same as was surprised we haven't seen director dealing.

[lammylover] 03/4/2023 13:15

Question for you guys..... if the board know that some contracts have been deferred from March, but expect to be renewed in say April, but not guaranteed to be signed - would the Board e.g. the CFO be able to buy shares now, knowing that there is a strong probability of contracts being signed in the near future. Is this insider trading or allowable within the rules?

[chrisdgb] 03/4/2023 12:45

CEO needs to sell it........

[tomboyb] 03/4/2023 12:41

blue start -

[bdbd11] 01/4/2023 19:58

Running a comparison to ECSC, which we know has a firm value due to the takeover, some deduction of value here might be able to be made. ECSC, making a small loss, was taken over at 93% of turnover. Comparably SWG, running at circa breakeven, and at the reduced 27M turnover, values SWG at £1.04 per share. The current 50% discount makes it very good value currently, on this basis alone.