Shearwater Share Discussion Threads

[hybrasil] 11/10/2023 11:06

Bought a few today. No particular reason but an average down

[lammylover] 10/10/2023 07:38

Interim CFO appointed for 6 months. Orderly transition from current CFO.
Hopefully new CFO can help refocus business....

[2lb] 09/10/2023 15:14

£65m spent on acquisitions to produce a MCAP of £9m.

A remarkable stat.

[rackersthedon] 09/10/2023 11:31

down the pan this goes

nice one fazak

lol

[watcher13] 09/10/2023 10:00

They haven't won a sizeable new contract in years, next update we'll get more guff about a small improvement H1,23 on H1,22 and how second half will be better but it still will be a business going nowhere in a supposedly attractive sector - If management were committed to shareholder value they would be either seeking a buyer or articulating a much more aggressive growth strategy. The only winners at present are those drawing nice salaries at shareholders expense.

[lammylover] 09/10/2023 09:47

Its hard to understand how they can't be picking up business in today's world, where cyber attacks are increasing common. I see Volex (VLX - who make all things electrical) put out RNS this morning of cyber attack and bringing in specialists to deal with...

[chrisdgb] 09/10/2023 09:39

Agreed, it will help the market though if they keep us in touch with some of the delayed contracts....

[northwards] 09/10/2023 09:35

Tbf, we had a detailed rns 5 weeks ago. Including comment on Q1. Markets are savage at the moment. And feels like we have a seller. Market cap now about 8.5m. Cash of at least 4m. And likely to grow. I've nibbled more.

[2lb] 09/10/2023 09:29

Having already taken "adjusted EBITDA" beyond the realm of what is generally acceptable they don't really have anywhere else to go to dress up the underlying losses. Next trading update is pivotal , one assumes it can only show improved performance but then assumption has already been hammered once......

[earwacks] 09/10/2023 09:26

Seem to be getting the answer from the market, if not the company. Silence is deafening , not golden

[2lb] 09/10/2023 09:17

Failure to find a new CFO is telling , any decent candidate is likely going to ask a few pointed questions.......

[watcher13] 09/10/2023 09:13

Very impressive - takes a lot of skill to keep reducing the market cap despite the positive spin B/S

[2lb] 09/10/2023 09:07

All time low - impressive

[rackersthedon] 26/9/2023 12:16

share guru johnny fazak quiet here



funny that

[chrisdgb] 26/9/2023 12:14

Looking so cheap at these levels.......

[2lb] 12/9/2023 14:21

Good points - especially regarding the FX hit, that really was very poor. He always looked like a junior financial controller who somehow wandered into the CFO office one day and nobody noticed.....

[lammylover] 12/9/2023 09:56

To be fair the CFO has never really bought into this business. From memory he bought about £5k shares around 110/120p. Hardly a show of confidence. Also the FX write down of £0.7m due to lack of hedging should surely have laid at his door.
I believe a new CFO is good for the business and hopefully sharpen up the finances.

[2lb] 12/9/2023 09:34

CFO quitting is always a bad sign , has been totally glossed over and I believe wasn’t even mentioned in the investor call. If things are now looking so positive , why would he walk ? More likely lost confidence of city and major shareholders after such a cataclysmic handling of prior year forecasts , especially the Q4 debacle

[northwards] 12/9/2023 09:18

A sell of 800 quid knocks the price. That's the reality of where we are at.

[ianhamo] 11/9/2023 16:06

Geolang/secure envoy hold the Single Sign on (SSO) tech. It just so happens the Intercede (IGP) are actively looking to acquire SSO tech! I'm just putting one and one together but it makes sense to me IMVHO

[2lb] 11/9/2023 15:46

My guess is they've been trying to get Private Equity involved but with little success due to recent and current trading.

[northwards] 11/9/2023 13:41

And may explain why directors haven't bought at this level post results.

[ianhamo] 11/9/2023 13:29

The way they are reorganising the company groups, makes me think they are in the process to sell off part of the company. That might explain why they have haven't pursued any acquisitions.