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SWG Shearwater Group Plc

47.00
0.00 (0.00%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shearwater Group Plc LSE:SWG London Ordinary Share GB00BKT6VH21 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 47.00 15,000 08:00:19
Bid Price Offer Price High Price Low Price Open Price
45.00 49.00 47.00 47.00 47.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 26.69M -8.18M -0.3431 -1.37 11.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:15:04 O 15,000 45.50 GBX

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Date Time Title Posts
08/2/202411:30Shearwater with charts etc....3,262
29/9/202207:01Scott Wilson plc1,306
29/7/202221:23Expect significant upside from Ј1.50 285
13/4/202206:09Shearwater Group6
05/4/202014:48Sensible Shearwater 440

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Shearwater (SWG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-02-20 15:15:0545.5015,0006,825.00O

Shearwater (SWG) Top Chat Posts

Top Posts
Posted at 20/2/2024 08:20 by Shearwater Daily Update
Shearwater Group Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SWG. The last closing price for Shearwater was 47p.
Shearwater currently has 23,826,000 shares in issue. The market capitalisation of Shearwater is £11,198,220.
Shearwater has a price to earnings ratio (PE ratio) of -1.37.
This morning SWG shares opened at 47p
Posted at 10/1/2024 18:58 by tole
https://masterinvestor.co.uk/equities/alumasc-shearwater-and-more-all-on-the-move/Shearwater Group (LON:SWG) – Corporate Recovery Is Now Underway It has not performed well subsequent to my previous COVID Profiles on this company, but I am now having another attempt at getting it right. Capitalised at £12.1m, the cyber-security, advisory and managed security services group, which has recently secured an attractive three-year contract with a leading global bank for its services, is UK-based but operates on a global scale. The company is expected to see its sales for the year, to the end of March 2024, rise from £26.7m to around £32.5m, spinning it around from its previous pre-tax loss of £1.3m to a profit of some £1.0m, worth 4.2p in earnings against a 0.4p loss per share. Estimates are already out there for the coming year to lift revenues to £37.0m, hoisting profits to £1.7m, worth just over 7p per share in earnings. It is the anticipation of this recovery, as well as its potential over the next 15 months, that makes the group's shares at just 50.50p look an attractive counter in 2024. Analyst Price Objectives are just above the 100p mark.
Posted at 13/12/2023 17:19 by lammylover
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.
Posted at 13/12/2023 16:17 by nightswatch
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.
Posted at 24/11/2023 13:27 by lammylover
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!
Posted at 23/11/2023 18:25 by 2lb
Poor guy???

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



So that's SWG largest private shareholder out of sight for the foreseeable.....
Posted at 23/11/2023 16:22 by lammylover
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.
Posted at 23/11/2023 15:34 by fgump
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!
Posted at 22/11/2023 13:57 by lammylover
SWG with 23.76m shares at 47p/share is now worth £11.17m market cap.
That with net cash at end Sept 23 of £2.2m.

Last year's H1 net cash was £0.9m, but share price was 90p....valuing business at £21.38m.

Some de-rating that, especially as H1 Revenue for both years are similar.

Yes they need to deliver on the pipeline of opportunities in H2, but current share price too low and oversold, surely?
Posted at 18/10/2023 08:11 by igoe104
Big Drop today. Its happening alot with these small AIM small caps.

SWG down 11% based on a £1800 sell, unbelievable..

You would think their would be alot of demand for SWG services in this current climate..
Posted at 28/7/2023 08:19 by watcher13
I'm getting very nervous about SWG and whether their FY numbers will stack up to scrutiny or is it just smoke and mirrors particularly around the cash position - a market cap of £10m with £4m net cash looks odd particularly in this sector. I suspect they are playing around with payables to get an end year position and then the cash went out of the door in April - the share price trend, with new lows, suggests there are others who are uncomfortable. Time to scale back I think?
Shearwater share price data is direct from the London Stock Exchange

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