Shearwater Share Discussion Threads

[jammytass] 17/4/2019 16:46

Might just make a come back
now the very poor management have been removed things might happen but will take time and a few placemenTs at low prices

[rockstar10] 17/4/2019 16:08

2lb. Totally agree on what you say about cash challenges and market value. There is still a way to go. My other concern is over the Pentest people. They all broke ranks from LS’s business to join ostensibly a group run by Mo Stevens. They now find themselves without MS and back in a company where LS has a not insignificant shareholding. There will surely be some unhappy campers there I would think. A motivational job for Mr Higgins.
As for market value it is probably where it should be, there has been a lot of cheerleading going on around the price imho.
One final point about director share dealing, does anyone know when the close period starts and finishes?

[2lb] 17/4/2019 14:42

montynj , I think they are in a fair range at present.

Removing the CEO and not replacing with a new head was a materially good move by the company, not least becuase it adds back a huge amount of wasted EBITDA on a rolling basis - a note of caution however is that I am sure it won't have been cheap to remove him.

My main concern would remain cash at this point, the settlement made it clear that cash was tight and the subsequent guidance of £600k backed that up. As long as the business now becomes cash neutral in the short term through general operations, and a placing can be avoided, then they will finally be on some sort of track moving forwards.

Dilution / consolidation remains a bit of a spectre, given we are looking at 2.5bn shares in issue moving forwards.

£40m MCAP today probably justifiable, though still a material discount to the "sum of the parts" in terms of notional capital outlay.

I think talk of 4p is a bit of stuff and nonsense personally because that would now equate to a MCAP of @£80m which I think would be farcical for something barely breaking even, despite the strong sector it is operating in. Possible in 12 months though if they can prove thenselves and bang in £3m plus of EBITDA.

You would think that there is limited downside at 2p now they have cleaned up their public dirty laundry.

[nw99] 17/4/2019 13:28

500k buyer is back

[nw99] 17/4/2019 10:39

Breaking out of the downtrend

[nw99] 17/4/2019 10:38

Stock was trashed by a poster here and went down on rumours .None of them were proved and it was all speculation.The shares should re rate quickly to the 4p area .

[montynj] 17/4/2019 10:28

2LB, what is your current thinking of the shares specifically ?

[gmilner07] 17/4/2019 08:46

Looks like there will be some good numbers FY results.
Cyber security, Ever expanding business.

[husbod] 17/4/2019 08:18

I love the smell of directors buys first thing in the morning.

[nw99] 17/4/2019 06:02

Looking that way

[imjustdandy] 17/4/2019 05:30

Back to 3p in no time

[nw99] 16/4/2019 17:44

Wow nice vote of confidence

[hierarch] 16/4/2019 17:42

Was this the good news of the month you spoke of earlier cheeky? Or is their more yet to come?

[cheekyfella] 16/4/2019 17:31

Phil Higgins the new CEO buying 5 million shares is reassuring isn't it.

[hierarch] 16/4/2019 15:49

I bet Phil will be increasing his stake gradually over time as the new CEO. Lawrence Jones too for that matter.

[imjustdandy] 16/4/2019 15:46

£100,000 Director buy -

[nw99] 16/4/2019 06:51

Welcome back Tass you have been so wrong

[hierarch] 15/4/2019 16:33

Albeit I am bringing up old news here, but to reiterate its significance in synergy with the Pentest acquisition I felt it was appropriate to highlight the additional benefit to having an in house redteaming division.

[hierarch] 15/4/2019 16:22

I hope that SecurEnvoy's SecurMail product security flaw publicised in mid march last year has no significant effect on company credibility or contract renewals. It was patched immediately but reputation in this industry is critical and flaws such as this will generate scepticism with potential new customers.

The flaw was discovered in November 17 by Austrian security firm SEC Consult during a crash test – included cross-site scripting, cross-site request forgery, and missing authentication flaws. In order to send encrypted emails, a client did not need to authenticate on the SecurEnvoy server. This allowed hackers to either extract all emails stored on the server or to modify messages. It also unintentionally allowed legitimate recipients to read mails sent to other users in plain text.

Hopefully this will encourage a more rigorous auditing process for their portfolio products. Pentest should help discover insecurities before product deployment in the future and was likely partly an incentive into their acquisition of such talent. I am confident with a group of ethical hackers (Pentest) at their service, a repeat of this situation will be highly unlikely. However, a clear yet now mitigated risk to be aware of in SWG for all.

[cheekyfella] 15/4/2019 09:03

Intel advises more positive news this month.It's all good.

[casabella2] 15/4/2019 08:26

Looking ready for another tick up.

[nw99] 15/4/2019 07:18

Managed to grab some more early doors

[nw99] 13/4/2019 11:55

Well spotted looks like huge potential