Shearwater Share Discussion Threads

[celeritas] 14/12/2009 08:59

Yep, due the 15th.

[indomie] 14/12/2009 08:57

Results update tomorrow yes?

[celeritas] 14/12/2009 08:40

Picked up a few more, the market is very slow catching on to SWG.

[celeritas] 14/12/2009 08:18

Mouchel news, very positive for the sector, makes me wonder if Mouchel kept quiet about two approaches are SWG at these prices.

[mattjos] 13/12/2009 22:00

Agree .... SWG beginning to stand out amongst its peers now & SWG have the growing Chindia side of the business that i personally like. Results + general sector M&A activity should give this legs next week

[indomie] 13/12/2009 20:01

Agree and coming so soon after Parsons Brinckerhoff shareholders voted in favour of Balfour Beatty's £380 million takeover, its looking more and more positive for SWG. If Serco and Capita dont bag Mouchel, they'll no doubt be looking elsewhere! I'd accept northwards of £2.....

[celeritas] 13/12/2009 17:51

Mouchel offer will be positive for others in the sector namely SWG.

[indomie] 13/12/2009 16:07

I would be amazed if SWG isn't getting looked over by competitors!

Mouchel Rebuffs VT Approach of 250 Pence a Share, Times Says
By David Altaner

Dec. 13 (Bloomberg) -- Mouchel Group Plc, a British road- maintenance company, rebuffed a takeover approach from U.K. defense contractor VT Group Plc, the Sunday Times said, citing unidentified people familiar with the matter.

VT's potential offer of about 250 pence per share was snubbed by Mouchel's board, the London-based newspaper said today. Serco Group Plc and Capita Group Plc may bid for Mouchel if VT makes a formal offer, the Times said. Mouchel and VT representatives both declined to comment when contacted by Bloomberg today.

Mouchel's stock jumped 19 percent to close at 190 pence on Dec. 11, valuing the company at about 214 million pounds ($348 million). VT rose 0.4 percent to 541.5 pence and a market value of 973 million pounds.

[celeritas] 11/12/2009 22:51

SWG do seem to be everywhere.

[celeritas] 11/12/2009 15:44

Yep, quite a few of us agree Indomie, nice day for Mouchel. I don't think Mouchel have the Chindia link unlike SWG, this will be a great source of revenue going forward.

[indomie] 11/12/2009 15:18

the market's current valuation on this stock is crazy.....i've been topping up at every opportunity and see this returning to £2+ within 12mths assuming it doesnt take advantage of low sector mkt cap's to consolidate through a takeover or merger.

[mattjos] 11/12/2009 14:09

market liked Mouchel today .. now up 19% on their statement

[mattjos] 11/12/2009 08:48

Bullish statement from Mouchel this morning & their shares have opened 11% up:

11 December 2009
Mouchel Group plc
Interim Management Statement


Mouchel's focus is outsourcing and managed services for the UK public sector.
Many of our clients are facing challenges as a result of prospective cuts in
public expenditure. While investment in capital projects may decline, there is
a growing and significant drive for efficiencies, cost savings and the
transformation of services, together with a need to maintain vital
infrastructure and essential services. We are increasingly confident that the
outsourcing and service re-engineering which will be required to achieve the
savings presents significant opportunities for the Group. Mouchel is well
positioned to capitalise on this outlook, especially so following our
acquisition of HBS, the BPO specialist, (in August 2007) and Hedra management
consultants (in March 2008).


We have made good progress during the period and we continue to enjoy an
exceptionally strong order book and bidding pipeline, the latter buoyed by a
surge of new outsourcing opportunities. Since the last year end, our bidding
pipeline has increased by 20% to GBP2.6bn and the order book still stands at
around GBP2.0bn. Our contract win rate for the year to date has been at the top
end of our target range of between one-in-three and two-in-five of opportunities
tendered by value, continuing the performance in the second half of last year.


The Group remains on track to deliver performance in line with the Board's
expectations for the year ending 31 July 2010. We anticipate that the usual
seasonality of the business towards the second half will be accentuated by
increased investment in bidding and securing new contracts in the first half.


Richard Cuthbert, Chief Executive of Mouchel, commented:


"We are really pleased with the progress that we've made in the first four
months of the year, especially against the key objectives that we set ourselves
in the summer. Our win rate is excellent, our core Highways and Government
Services businesses are growing strongly, our strategy of moving into BPO is
bearing fruit and, thanks to the now successful integration of our Management
Consulting capability, we are well placed for the increasing number of local
authority outsourcing opportunities where delivering service transformation is a
critical success factor. However, the situation in Dubai has clearly
deteriorated. Taken together, and in spite of the challenging outlook for the
UK public sector, we feel as though we are very much back on the front foot and
in good shape to capture our share of the many opportunities that lie ahead."

[delaroca] 10/12/2009 19:09

Thanks rik that explains it!

[rik shaw] 10/12/2009 19:01

SWIPL website states: "is a wholly owned subsidiary of Scott Wilson Ltd. U.K. and a part of Scott Wilson Group Worldwide." Interesting to see that website is still separate. The firm has gradually been rolling common format website out globally, but link shows that south east asia and India are still to be updated.

rik

[delaroca] 10/12/2009 18:50

"Scott Wilson India Private Limited" Why is it a seperate company with seperate website and not part of ? Does this mean they are not associated with LSE:SWG?

[mattjos] 10/12/2009 14:52

Scott Wilson recruiting for more eningeers in India ... getting into the big uptick in Indian Infrastructure that is well underway and forecast to run for many years yet

[celeritas] 04/12/2009 12:55

Good find Mattjos, very limited exposure to Dubai, good stuff. Abu Dhabi will bail Dubai out anyway.

[mattjos] 04/12/2009 09:21

Dubai debt issues .. summarised in Building magazine as follows:

Hyder About £40m in Middle East; £18m in Dubai
WSP About £23m across the Middle East, mostly in Dubai. It has made an £8m provision against this
Mouchel £28m in Dubai, against which it has made a £15m provision. The "vast majority" is with Nakheel
Atkins About £20-25m in Dubai. The firm writes debts off after 180 days
Scott Wilson About £10m in Middle East; £3m in Dubai
Cyril Sweett About £800,000 in Dubai. It has made some provisions

Read more:

[tdoghouse] 03/12/2009 08:14

Celeritas, in here also.

[celeritas] 02/12/2009 16:07

On it's way now, results should have more detail on Chindia.

[batman9] 02/12/2009 11:08

I've been in since 60p & waiting for £2.50

[celeritas] 02/12/2009 08:54

Well that's another 5 at least.

[mattjos] 02/12/2009 01:28

you know I'm here with a few Cel ..