Shearwater Share Discussion Threads

[igoe104] 04/1/2024 08:36

Very good news. If your product is trusted with the UK government it will be great advertising on its own..

How long before its rolled out across all governments departments and possibility other global governments...

[solarno lopez] 04/1/2024 08:22

Life in the old dog

[northwards] 04/1/2024 08:04

So about 1.3m US for the current FY.

[hastings] 04/1/2024 07:46

Good to see another Government department adopting the security solutions in addition to the unnamed major bank.Hopefully more to come in the next few months.

[purplepelmets] 04/1/2024 07:28

Nice contract wins RNS, should see us back over 50p today and on an upward trajectory

[chrisdgb] 04/1/2024 07:25

Nice to see........

[weatherman] 04/1/2024 07:23

Some useful contracts announced this morning, £0.84 to a UK gov dept. and $3.15m to a global bank.

[lammylover] 13/12/2023 17:19

There are no changes in the list of declared shareholders (i.e. above 3% holding).

Can't see Higgins CEO of Sharewater wanting to do an MBO, after all he's 58 now.
When he sold Brookcourt to SWG he made a fortune, but has bought plenty of SWG shares with that money at double the current price, so he'll be hurting along with the rest of us shareholders!

I would have thought it more likely that he would use this year as a turnaround year. They have already restructured and simplified the group; reduced headcount and taken £200k cost in H1 for this. I'd expect a much stronger H2 and FY performance and when the share is back over 100p, he'd be open to offers for a takeover. Aided by the Interim CFO.

[lammylover] 13/12/2023 17:19

There are no changes in the list of declared shareholders (i.e. above 3% holding).

Can't see Higgins CEO of Sharewater wanting to do an MBO, after all he's 58 now.
When he sold Brookcourt to SWG he made a fortune, but has bought plenty of SWG shares with that money at double the current price, so he'll be hurting along with the rest of us shareholders!

I would have thought it more likely that he would use this year as a turnaround year. They have already restructured and simplified the group; reduced headcount and taken £200k cost in H1 for this. I'd expect a much stronger H2 and FY performance and when the share is back over 100p, he'd be open to offers for a takeover. Aided by the Interim CFO.

[nightswatch] 13/12/2023 16:17

Does anyone know the status of LJ shareholding now that his court case has completed? If that needs to be disposed of then that’s a large amount of shares floating around.
Regarding the business it makes sense to have consolidated the various businesses but the costs of that process will have been/ are a drag to the business and at current levels the value of the company is a little over a third of what was paid for Bridgecourt. Theoretically a business with broader scope at a lower valuation. I wouldn’t be surprised to see an MBO but at what price.

[lammylover] 13/12/2023 12:07

Alternatively, with a new high end CFO on board, he may have squeezed costs hard and increased margins.

Also I suspect he may have been brought on board as Interim CFO (for an initial 6 months) to fatten business up ready to sell.

[watcher13] 13/12/2023 10:39

Really looking forward to the next RNS - we had 3 between last year's interims and this year's, so should be either a doggy trading update around end March or the less than inspiring results in September. Merry Christmas!

[chrisdgb] 28/11/2023 09:41

Hopefully it will deliver but we may get a bid first.........

[northwards] 24/11/2023 15:33

Agree with the comments below. The new CFO came across very well, clear and across his brief. Looks to be a good addition to the board. Tbh, the CEO has a little bit of car salesman about him. Perhaps I'm being unfair. I think it's a solid business but now needs to deliver. Time will tell.

[lammylover] 24/11/2023 13:32

What I did like about the presentation was that Adam Hurst CFO said that the restructure has taken £1m costs out of the business, and although some spent, the bulk should go on the bottom line at the end of the year.

[lammylover] 24/11/2023 13:27

Also just listened to presentation:
I've given the following feedback
1) Phil's presentation slides are still not clear. Needs to bullet point key items.
2) Adam's financial presentation a model of clarity
3) Good work done in restructure and refocus of business. Just need to convert leads into new contracts and get renewals signed.
4) Phil ducked a very good question (not mine!) on why other similar businesses are growing in cyber security and SWG aren't at present. I have suggested that if he doesn't know the answer that he goes to find out and / or a bit of soul searching about what needs to change?
5) Question about Gov Contract win not RNS (was my question). I appreciate that the board don't want to mislead market, but private investors / funds need to know that they are making progress and its a worry to wait for HY / FY result RNSs to find out what's going on!

[igoe104] 24/11/2023 13:13

Just listened to the presentation.

It does sound like there is a possibility of more government contracts, which will be very encouraging. Didn't understand Phil answer about why he never put out a RNS for the government contract ? Surely if you win a security contract with the government you want the whole world to know, its good advertising. If its good enough for a government the product is good enough for any business...

[fgump] 23/11/2023 18:41

I think we are saying the same thing. It needs to show organic growth. It went backwards for H1. I, like you, hope that they show this in H2. I bought shares on the basis they could buy if they don't then they need to sell up and move on. I don't see much downside risk here - other than directors hanging on and hanging on rather than delivering or biting the bullet.

[2lb] 23/11/2023 18:25

Poor guy???

Read this and then say that.........



So that's SWG largest private shareholder out of sight for the foreseeable.....

[lammylover] 23/11/2023 16:22

All they need is a few contract wins and that is perfectly foreseeable. Its not all doom and gloom, as you make out.

They actually won a £1.3m UK Gov Contract in October but didn't declare it as a separate RNS (as Martin Flitton says in his webpage, they wanted to be cautious about the messaging to the market and not appear overconfident about projections).

Current share price is dirt cheap and will rise rapidly if confidence builds that they can hit FY revenue, EBITDA and cash position projected.

[fgump] 23/11/2023 15:34

Like many other micro cap aim shares this is going nowhere unless they show solid organic growth or they resort to corporate activity, which is difficult when your share price is down the toilet. Alternative is they get acquired but as ever the directors will have a fanciful idea of what their shares are worth based on outdated valuations and with no reality check for the fact they they are failing the business, their colleagues and their shareholders by doing the same old thing day in day out!

[purplepelmets] 23/11/2023 13:38

Larry found guilty by a uk kangaroo court. Totally ridiculous, poor guy and his family.

[lammylover] 22/11/2023 20:33

bdbd11 - you can read Martin's blog on "Private Punter". Just type that into google and his webpage will come up. There's loads of interview feedback that he has done with Directors covering different small companies over many years. Definitely worth a read.

[bdbd11] 22/11/2023 18:30

Hastings, where can I see your write up? thanks

[hastings] 22/11/2023 17:21

Cheers, much appreciated.