Shearwater Share Discussion Threads

[mr mole] 11/11/2006 20:03

New Brewin Dolphin forecast 10 Nov EPS 2007 13p+, 2008 15p+

[mr mole] 02/11/2006 20:25

Spen46 Should be no worries when the reason was an earnings enhancing acquistion. If you look at the effect on forecasts after the time of the acquisition announced at the time of the AGM it was revision upwards in EPS.

Bring on more I'd say. There should be more money in the bank which is best spent on strategic growth providing it benefits the bottom line.

[spen46] 02/11/2006 18:52

Can somebody clarify a fairly basic point please. If SWG have 70 mil shares and they have added 855000 in an additional isting then this would increase the market cap by 855000 x 235p = £2m. is this a good thing? Why would the shareholders allow this? I can't imagine a dilution is a good thing.
Thanks in advance

[spiritbear] 29/10/2006 22:35

I think profit takers at the 250 level and then again around 270 level, when we get there.

[mr mole] 29/10/2006 17:17

Just think it moved up a bit too quickly so yes profit taking looks like the reason for slight pull back. Interims not until January, but hope for other news on contracts etc before then.

[wardpark] 29/10/2006 14:20

The share price decline last few days due to profit taking? Or is there another reason?
Any thoughts?

[johnv] 24/10/2006 23:20

Sunday telegraph

[spen45] 24/10/2006 13:40

All buys today

[gswredland] 23/10/2006 10:49

Was that in tthe Telegraph today gorilla please?

[gorilla36] 23/10/2006 10:25

From the Telegraph

Scott Wilson Group

SInce it floated on Aim in March, shares in Scott Wilson, the engineering consultant, have risen from 158p to 238p.

The construction specialist works in four main sectors – transport, property, environment and natural resources – with large projects that include the upgrade of the West Coast rail line and widening a 20-mile stretch of the M1.

There have also been large international contracts, such as the construction of Bangkok International Airport and wind farms in China, and the rebuilding of a bridge in bomb-damaged Serbia.

Last week the shares climbed by 6p after an upbeat annual meeting at which the group announced the acquisition of Ferguson McIlveen, a similar engineering group based in Belfast, for £10.1m.

This purchase should increase Scott Wilson's sales in Northern Ireland and the Irish Republic from £3m to £12.5m over the coming year. Over the past six years the group's annual turnover has increased on average by 14 per cent a year, with earnings before interest and tax rising by 25 per cent a year.

The group has a high level of repeat business and currently has a record order book of £250m, with many contracts in parts of the world primed for growth, such as China, India and eastern Europe. Buy.

[spiritbear] 23/10/2006 09:22

Can it break 250p!

[spiritbear] 19/10/2006 21:36

We just might have a nice run to the next stop at 250p!

[markycrispy] 19/10/2006 18:19

Well I got in Yesterday as did The naked trader lets hope this breakout is real.Tomorrows closing price should tell us.

[spiritbear] 19/10/2006 10:52

Can it break 230p!

[petemorr] 17/10/2006 09:58

Looks good

[mr mole] 17/10/2006 07:14

Scott Wilson Group plc

AGM Statement and Trading Update

At the AGM of the Scott Wilson Group plc ("Scott Wilson"), the international
consultancy offering integrated professional services in the transportation,
property, environmental and natural resources sectors, Geoff French, Executive
Chairman, will make the following statement: -


Highlights


* Current trading continues to be very strong; market conditions remain
buoyant.
* Order book significantly ahead of this time last year.
* Acquisition of Ferguson McIlveen LLP announced independently today.



Introduction

"This has been a landmark year for Scott Wilson.

In March 2006 the Group completed a successful flotation on the Official List of
the London Stock Exchange. As was stated at IPO, our intention was to float in
order to remove historical constraints to growth, in particular the availability
of working capital, the level of bank debt, the pension deficits and the
requirement to purchase shares owned by retiring employees. The successful
flotation removed those constraints and provided additional working capital,
which has created the opportunity to accelerate our growth rate and improve
profitability.

We have a detailed internal rolling five year plan setting out how we intend to
achieve the Group's medium term strategic objectives. These objectives include
making selective complementary acquisitions in addition to continuing to invest
in organic growth.

Since the flotation we have made considerable progress with several high profile
contract wins. As already announced, these include the Edinburgh Airport Rail
Link with fees of #18m, London Crossrail with fees of #12m, Greece Ionian
Motorway with fees of #12m, and Bahrain Islands Developments with fees of #10m.

Acquisitions

We have today announced separately that we have reached a conditional agreement
to acquire the business and assets of Ferguson McIlveen LLP, a leading
consultancy in Northern Ireland, for a consideration of #10.1m. The acquisition
is expected to be completed on 1 November 2006. The acquisition represents an
important step in line with our strategy to pursue selective acquisitions which
introduce new technical disciplines, enhance existing technical skills or
present growth opportunities in our core sectors or target geographical markets,
with North and South Ireland having been key target markets identified at the
time of our flotation.

The acquisition of Ferguson McIlveen LLP follows the acquisition of the minority
interest in Scott Wilson Pavement Engineering Ltd in May 2006 and the
acquisition of Roscoe Postle Associates in June 2006.

We will continue to target further, earnings enhancing, acquisitions where these
help us to develop new skills, markets and clients.


Current Trading

Turning to trading, last year was an excellent one for the Group. Our financial
results showed a continuing significant improvement in revenue, operating profit
and operating margin. In addition our order book grew to a new record level. Our
performance for the year as a whole slightly exceeded the Board's expectations
set at the time of flotation.

The Board is pleased to report that trading in the first five months of the
current financial year ending 30 April 2007 is in line with expectations,
remaining strong with the Group's order book significantly ahead of this time
last year. Our recent acquisitions have been integrated into the Group's
structure and are already making significant contributions to the business.

Market conditions in all our key sectors remain buoyant. The Board, therefore,
remains confident about Scott Wilson's prospects for the current financial year
and beyond.

Scott Wilson intends to issue its interim results for the six months ended 31
October 2006 in January 2007."

[mr mole] 15/10/2006 09:30

AGM on Tuesday. May get an update on trading ?

[petemorr] 02/10/2006 20:02

Maybe the seller was holding this back....

[mr mole] 27/9/2006 19:34

Any idea what's sparked interest here late in the day ?

[petemorr] 27/9/2006 16:57

Interesting day today :)

[c lau] 22/9/2006 20:21

They are bidding for East London Line. The bidding result will be out next week. Good or Bad? who knows.....

[mr mole] 22/9/2006 20:07

1 trade yesterday, yet over 2% of company changing hands after 3.45 today....