Shearwater Share Discussion Threads

[chester] 18/11/2009 14:18

50% fib retrace from the Sept lows to Oct highs = 113.9p. We've hit that today and bounced off.

[celeritas] 18/11/2009 13:44

Bought some more today, I'm expecting a fair few broker upgrades.
Chindia is going to be a major driver for this in the future, just look at the scale of jobs on offer.
Here's India, click each link for openings.



China

[cockneyrebel] 18/11/2009 13:30

Started buying back into these today - results not far off.

CR

[mattjos] 17/11/2009 23:33

more again posted today on SWG website, this time in ireland for Bombardier:

The official ceremony marking the construction of the new CSeries aircraft factory took place on Tuesday 17 November at the site with Northern Ireland Enterprise Minister Arlene Foster and representatives from Bombardier, Scott Wilson and the contractor, John Sisk and Son.

Trevor Leaker, Scott Wilson Technical Director, comments, "This is a landmark project which we are particularly pleased to be designing. Not only is the building for one of Northern Ireland's largest and most technologically advanced companies, the sheer scale of the project is immense".

[celeritas] 17/11/2009 14:03

Results are going to be above expectations in December, I would also expect broker upgrades to follow.
Dividend upgrade should also be coming.
Don't forget the last lot of results had one off costs of £7m to cover redundancy.

I like the fact that the next lot of results will be segmental rather than grouping the lot together.

[mattjos] 17/11/2009 13:39

SWG busy in Sweden also for Tertiary Minerals on their 3m tonne flouspar reserve


and from the detailed RNS @ Tertiary Minerals:

"However, Scott Wilson considers that the drilling to date has confirmed the
uniform style and lateral continuity of the two known fluorspar mineralised
horizons and it is the Company's expectation that a large part of Scott Wilson
tonnage can be converted into a JORC Mineral Resource by further drilling within the area of the 1970s drill grid.

Furthermore, the Company believes that there is considerable potential for
additional tonnage beyond the existing drill grid as the flat lying
mineralisation remains open in three horizontal directions away from its
outcrop.

When the current programme of metallurgical testwork is completed Scott Wilson
will carry out a conceptual mine design, a preliminary economic evaluation of
the project and complete the Scoping Study.

[celeritas] 16/11/2009 23:31

SCOTT WILSON APPOINTED FOR MAJOR SHELLFISH WATERS INVESTIGATION PROJECT
16 November 2009

Southern Water has commissioned consultancy Scott Wilson to investigate the impact of 13 of their assets, mostly Wastewater Treatment Works, on designated shellfish water quality. The studies, including marine surveys, investigations and numerical modelling of water quality will advise whether additional wastewater treatment would contribute towards the achievement of compliance with EU shellfish waters guideline standards.

The Environment Agency has identified sites in the South of England (Southampton Water, the Solent, the Swale and Stour estuaries), where they believe UV disinfection may make a contribution towards protecting shellfish water quality. The project awarded to Scott Wilson follows previous successful work for Southern Water involving the modelling of wastewater discharges to groundwater to meet Environmental Agency compliance targets.

Damon O'Brien, Technical Director for Water at Scott Wilson has commented:

"This is a flagship commission for Scott Wilson and we are delighted that Southern Water has entrusted us with such an environmentally and commercially important project"

Southern Water said "We have commenced this important project in advance of the start of the AMP5 period because of the significance of the investigations to Southern Water's environmental programme"

[dickbush] 16/11/2009 16:23

Thanks, Celeritas. Nice find.

[celeritas] 16/11/2009 14:20

Little bit more on India projects in the pipeline.


Businesses and MPs plan India infrastructure strategy
3 November, 2009

By Debika Ray

Senior figures from Amec, Balfour Beatty and Tata and politicians meet to discuss setting up board to advise Indian government

Senior MPs and company bosses met for dinner last night to discuss opportunities for the UK to take advantage of the $500bn (£300bn) the Indian government plans to spend on infrastructure over the next five years.

Attending the dinner were senior representatives of UK companies Scott Wilson, Balfour Beatty Rail, Amec, JCB and Barclays Capital as well Indian companies Tata, Wipro, IIFCL and ICICI bank. Politicians present included Barry Gardiner, chair of the all-party parliamentary group, Patricia Hewitt, chair of the UK-India business council, and Geoffrey Clifton Brown, the shadow trade minister.

The all-party parliamentary group on UK-India trade and investment relations hopes to understand the barriers to British contract wins in India. Opportunities include the $50bn (£30bn) Delhi to Mumbai industrial corridor and high-speed railway lines connecting major cities. £4.5bn is earmarked to upgrade 25 airports and £27bn for roads and highway development. There are also plans for 276 port projects, valued at £6.3bn.

Plans are underway to set up a UK-India infrastructure board, comprising UK executives from banks, financiers, developers, infrastructure consultants, NGOs and universities, before the new year. Together they will offer complete packages, rather than piecemeal solutions, to the Indian government at national and state level. It is believed that this could be crucial as India is looking to fund 25% of its infrastructure through public private partnerships.

Delhi and Mumbai international airports became India's first two PPP joint venture airports with investment in both airports estimated at more than £1.9bn. Mott Macdonald developed the masterplan for Delhi's new international airport, which will ultimately have a capacity to handle 100 million passengers every year.

Several other UK firms are already working in India, including Bombardier, which supplies metro cars to the Delhi metro, Pinsent Masons, which supplies legal services for Delhi airport and Beckett Rankine, which did the masterplan for the new port of Krishnapatnam, north of Chennai.

More than 70 countries have come to the UK seeking advice on PPP. The UK has helped Singapore develop its PPP model, and it is now taking forward projects in education and sports infrastructure development.

[mattjos] 16/11/2009 13:34

That may be the end of the selling we've seen here over the last few weeks

[celeritas] 16/11/2009 12:47

Hi mattjos, plenty of jobs up for grabs in China aswell, bodes very well for growth.

[mattjos] 16/11/2009 11:09

Celeritas .. good spot re their vacancies .... SWG may have incurred some exceptionals last year in relation to redundancies but they are now actively recruiting in India, China, HK & Australia ..... Infrastructure spend in all these regions is powering ahead & it looks like SWG are picking up the work & therefore recruiting to meet demand

[celeritas] 16/11/2009 10:00

I don't remember this contract being aired.

290 MILLION POUND ROAD NETWORK IMPROVEMENT
28 October 2009

Scott Wilson has been appointed by Stockport Metropolitan Borough Council to Project Manage the £290M A6 (Hazel Grove) to Manchester Airport Relief Road project as well as provide Design Review and Development services.

In May 2009, the Association of Greater Manchester Authorities agreed to support the remaining funding for the relief road after the Department for Transport announced £165m funding towards the scheme as part of its £1bn fiscal stimulus package in November 2008.

The scheme is part of the South East Manchester Multi Modal Strategy, a report which highlights a number of transport improvement opportunities that would benefit the area. The new relief road will reduce congestion for local communities and along the A6 corridor as well as enhance access to Manchester Airport from the east.

Development work on this 10km dual carriageway will start immediately with a review of the design undertaken to date. Scott Wilson will then project manage the various multi-disciplinary design teams, consultants and local authorities leading to the submission of the planning application draft Orders and Environmental Statement in the summer of 2010.

Paul Bracegirdle, Scott Wilson's Director of Roads (England & Wales) comments: "We are very pleased to be appointed to this exciting project, which is urgently required to reduce serious congestion and improve the quality of life for local communities in the heavily populated areas between Hazel Grove and Manchester Airport. We have been able to demonstrate to the Client Authorities that we have a successful track record on similar recent schemes, together with our expert staff that will be deployed, to successfully undertake the Project Management and design development.

A full consultation will take place on the developed details of the project in 2010 and construction work could start in 2012 with completion by 2015.

[celeritas] 16/11/2009 08:45

India should start to be a big earner going forward.

SWG do have a fair few jobs going in India, should be a high growth area.

[indomie] 08/11/2009 00:06

Designed as a 'buy' - Scotsman Newspaper

Date: 07 November 2009
By Bryan Johnston of Brewin Dolphin
Scott Wilson Group

121p -0.75p

Scotsman says BUY

SCOTT Wilson Group offers integrated design and engineering consultancy for the built and natural environment. It operates through five geographical regions; UK central, UK south, Scotland and Ireland, UK railways and international. The company provides strategic consultancy and multi-discipline professional services in the railways, buildings and infrastructure, environment and natural resources and roads sectors. Its key regions are the UK, Asia-Pacific, Europe, India and the Middle East, with regional centres in London, Hong Kong, Warsaw, New Delhi, Bahrain and Dubai.

Scott Wilson is a client of Brewin Dolphin. In a recent pre-close statement, the company confirmed that interim results will be ahead of market expectations. The management initiatives taken last year are having a very positive effect, evidenced by the £18 million of international contract awards announced recently.

Key projects include the Airdrie to Bathgate rail link, designed to boost transportation for those communities served by the A8 and the A80.

The company was appointed to do a preliminary feasibility study for the civil engineering works associated with the establishment of the offshore supply base at Pointe Noire, in West Africa.

At home, Scott Wilson was appointed to examine the options of either replanting the existing Lochaber hydroelectric power scheme or constructing a new operation in its entirety. These projects emphasise the diversity of Scott Wilson's operations and their high profile makes it likely that the group will continue to win new business around the world.

[matt] 06/11/2009 21:46

Wouldn't surprise me to see an update in SCSW this weekend. Also AssetCo I guess.

[indomie] 06/11/2009 21:34

Certainly encouraging to see Legal & General have been increasing their holding......HYC report results on Nov 23rd which should again give lift to price....

[mattjos] 06/11/2009 17:18

75k Buy or Sell at the end there? Think it was a buy.... slowly getting bought up now. 120'ish seems to be forming a base but could be while before it moves off yet

[dickbush] 05/11/2009 18:36

Smart people at L&G.

[sruk77] 05/11/2009 10:26

An upbeat, three-paragraph statement was issued by Scott Wilson, as the first half of its 2009/10 financial year came to end. The consultancy says that its first-half results, to be announced on 15 December, will be "ahead of current market expectations", primarily due to better-than-expected performance by its joint ventures. Scott Wilson also said that contracts in "higher growth market sectors" are being won, in part thanks to its new management structure:

[matt] 03/11/2009 19:33

Some back testing?

[gswredland] 31/10/2009 16:39

Thanks for that Indomie. Interesting to hear it.

[greenroom78] 30/10/2009 14:48

I've sold mine today guys. I do think SWG will go higher in time but I need the funds elsewhere. That's what its all about at the end of the day and I have a nice little profit from 92p. I will keep an eye on you and look to get in again if I get the chance sub 150p in the future - Good luck to those that continue to hold, current share price still looks good value.

[dil] 30/10/2009 00:36

Come on Edmond , you buying or selling or holding or taking some profits ???

On edit : just read today's update and you say 150p target but based on what ? PE of 10 is below others in its peer group who as yet have not shown they are doing so well and the chart suggests first resistance around 170p so I just don't get the price target.

200p in next four months imo but stop loss active (currently 98p) if things go wrong.

Did you buy into the mdx scln ?

Regards