Shearwater Share Discussion Threads

[chrisdgb] 06/7/2023 16:18

I have heard worse shouts........

[ianhamo] 06/7/2023 15:42

No trades for days, then there's sudden activity. Exactly the same with IGP!!!. Something afoot between SWG & IGP?

[bdbd11] 06/7/2023 15:23

Well someone is buying some

[watcher13] 06/7/2023 09:07

Good news on the Annual Report - it will be 20 pages shorter this year as the section 'What we've achieved this year' has been deleted and a printing error labelled another section as 'Strategy Inaction' not 'Strategy in Action'
Sorry - first bought shares in 2016 and now just bored with this miserable apology for a business - Williams needs to get a grip and shake this up before it dies.

[drew lonmenob] 15/6/2023 08:58

its your constant ramping all the way down that gets poor uneducated mugs diving in only to lose money that needs to be looked at

some posting history that

[lammylover] 15/6/2023 08:52

Don't appreciate being called a "shyster". H2 results were poor, but this wasn't expected and reflects the drop in share price subsequently. You must have a sad life looking back at my posting history. Nothing better to do on a beautiful day..??

[drew lonmenob] 15/6/2023 08:27

never believe shysters on here






Lammylover9 Dec '21 - 10:56 - 2521 of 2985
0 1 0
Market makers shaking them out at daft low prices.
No doubt these cheap shares will be picked up by funds later..
For those who don't know - here's the financials:
23.8m shares in circulation at say 98p/share = £23.3m market capex.
With £4.4m cash and no debt.
Last year made £2.4m profit.
p/e less than 8.
H1 margins have improved, expect busier H2 to deliver on expectations - so approx. £30m annual turnover
Seriously undervalued....

[lammylover] 14/6/2023 18:46

The reality is that they need some contract renewals and better still, some new contract wins. With a decent RNS or two, this share will shift back towards 100p.
I really don't understand why they can't win contracts, when all we hear about is cyber attacks on the news. You would think any right thinking CEO would ensure that money is found for IT protection, when a cyber attack can destroy a business reputation overnight (loss of personal data) or paralyse it for days / weeks...

[eezymunny] 14/6/2023 18:20

The trading statement was utter hogwash IMO.

"The current financial year has seen improving market conditions for Shearwater, with a strong pipeline across key industries". Means zilch IMO.

"The improving outlook and growing pipeline of opportunities is providing the Group with a firm foundation on which to deliver solid, sustainable revenues and profit growth in the years ahead". Very serious hogwash IMO.

Reading between the lines the next statement will be weak H1 and hoping for stronger H2. Same old same old.

Hopefully, for holders, they prove me wrong.

[chrisdgb] 14/6/2023 13:11

Yep, just topped up.....

[northwards] 14/6/2023 11:57

And even cheaper now.

[chrisdgb] 14/6/2023 08:25

Looks way too cheap, obviously investors will need to trust again but probably gets taken out at 70-80p....opportunistic

[sidam] 12/6/2023 08:30

The numbers from Progressive are a bit lower than Cenkos, but if you average these out to give a consensus, then, in my view, the shares look very cheap. For March 25, consensus cash generation is £1.2m and net cash would be approximately half the current market cap. So the free cash flow yield would be nearly 10% and on an enterprise basis nearly 20%. Those ratios are very attractive and I have bought some more, but DYOR.

[igoe104] 12/6/2023 07:54

Proggessive note.

[igoe104] 09/6/2023 09:27

Cenkos buy note.

Shearwater Group has released a trading update following the profits downgrade which was issued on 31 March 2023. The company reiterates FY23E guidance, and we maintain our FY23E forecasts for revenue and EBITDA. Today's statement confirms the company is experiencing improved trading in the current financial year. We have reviewed our assumptions and we introduce FY24E and FY25E forecasts, reflecting a recovery in revenue generation and profits. We maintain a BUY rating and 105p fair value.

[northwards] 08/6/2023 15:38

Reckon this is worth staying put ... can see a decent recovery in the share price through this year.

[igoe104] 08/6/2023 08:36

Good to see that they keeping costs under control, hopefully the worst is behind us, and we can get some contracts signed up... forward looking statement looks very promising...

[chrisdgb] 08/6/2023 08:15

Update reads OK slightly muted reaction, with net cash, you get a lot of turnover for the market cap.....

[northwards] 08/6/2023 07:37

Yes, that quite a nudge up in terms of cash for year end.

[lammylover] 08/6/2023 07:29

Market cap at 60p/share is £14.3m with cash at £4.0m.
Just need some confirmation of new orders to get this moving again.

[lammylover] 08/6/2023 07:26

Market cap at 60p/share is £14.3m with cash at £4.0m