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bought by me in 2 tranches shown as sells ..... typical
Lowered average with another 5000.
32m Mcap on revenue's of 33m.
Unless something seriously wrong in house then can't see to much downsize from here.
Time will tell.
Cheers.
Bought in here. Washed out. I hope.
Thought I would add some as well - 2500 @ 138p
I bought 2 lots of 2000 shares @£1.40. Schroders bought 2.8 million, nearly 12% on January 8th. Must have been that that spiked the share over £1.60. Hillock sold a few in their discretionary client account yesterday. Not sure they have handled he markets terribly well other than taking advantage of the spike last April to do a quick placing. Should think there has been a gradual fall out from that after getting it away at 2.40. They have put a substantial amount of their own money In here and set up an employers share option at just over 1.50. They had an £8.5 million contract for 3 years with a FTSE 100 telecommunications company back in 2019, be good if they get a renewal on that. They are obviously held in high regard for the quality their security products. Now have picked up an international bank and New York Fashion House for new clients. All looks promising to me if they keep the old clients and continue to add quality new ones.
Paid £1.40. Unless they are crooks (which I do not believe they are) they are undervalued at this price even if they are firing on only one cylinder. Since I have changed Platform recently, I have no idea how far down I am right now but gut tells me this makes sense.
So UT trade of 6 shares at 1.36. They won't let you have any near that price. They have had a flow of good news. 1 institution has reduced holding slightly but it is the retail trades that keep dropping the price. Now flagged as a bargain share on Stokopedia. Would be good to get some more contract news but may have to wait for update in April to lift the sp. They have a 5 year contract with NY fashion house with £850,000 this year and a contract for £2 million signed for next year. Crazy
Last couple of updates seem very positive regarding trading & it looks like they have been cutting costs with top of pile staff cuts etc.
Need to see a few new large contract wins to see a decent rise.
Cheers
I would tend to agree.
Added another 5000 today.
Have to believe that they must be improving performance in this huge growing industry.
Cheers
Techinvest tip newsletter has mentioned today Sat 6th Feb Shearwater
POSSIBLY will spark some interest in the shares.
RNS today that 30 employees have signed up to SAYE share scheme. Option to buy at 151.5p from March 2024. On average they are looking to buy £7.5K shares each at end Dec 2020 price.
Suspect they believe business will grow and share price at this level will be seen as a bargain..
Rich
Well good luck guys and hope you find success elsewhere
Well said 'Shrews'. Could not agree more. They have overpaid and under-performed for years. Probably time for another management team to be given a chance or for the whole outfit to be merged or sold-on. That is the most likely solution for this in order to generate investor value.
Shrew I can assure you there are many more unloved shares than this. I don't know where you got in but most of the directors seem to have forked out between £1.72 and £2.40 for their sizeable pots. My average is a bit better than that. The placing was very well timed taking taking full advantage of the spike in April. Very fortunately, as it turned out Pi's were excluded from taking part at £2.40. So any price below that seemed ok. A lot was riding on this elusive acquisition which turned out to be a bit of a red herring, and they wisely included 'to strengthen the balance sheet also'. The beginning of COVID just threw everyone into utter confusion. Looks to me like a very strong road to recovery now a lot of water under the bridge hopefully. I think £2 would be just for starters. This is a massive business sector for those positioned to take advantage . Just look at the fines companies like IAG have received for lapse of data security. Its a lot cheaper for them to employ companies like this. They've already bagged an international bank and an American based global fashion chain in the last few weeks and its all going to be profit.
Schroder increasing their stake is excellent news. Do those who worry that the company will be sold off cheaply really think that the likes of Schroders would allow that to happen???????
Schroder up holding by 3.2 % to 11.9% and the sp drops ! of course
Good to see the rhetoric turning into solid orders. The market hasn't got this stock wrong. Just reacts to the facts! Hope the momentum keeps going. Gl all investors and well done guys at the coal face!
very welcome update with contract with international bank. Hope the tide has finally turned. Could turn out to be one of the best buys for 2021.
So I bought some to branch out my portfolio.
Repeated suggestions of Russia hacking everything should keep business ticking over.
The Shearwater Group plc is delighted to announce that two of the portfolio companies, Brookcourt Solutions and SecurEnvoy, have won 4 Awards at The Computing Security Awards 2020. With GeoLang and Brookcourt Solutions also being runners up for one award each.
Category wins include:
Brookcourt Solutions
Security Company of the year
Security Provider of the year
Security Reseller of the year
Runner up – Customer Service Award – Security
SecurEnvoy
Identity and Access Management Solution of the Year for SecurEnvoy SecureIdentity IAM
Runner up – New Security Software Solution of the Year for SecurEnvoy Data Discovery Essentials
GeoLang
Runner up – One to Watch – Product
A big congratulations to the team and thank you to all of you that took the time to vote for us.
Spreadex the mystery buyer! Does that me some one put a huge bet on the sp going up and they are covering the bet? Perhaps not but about the last company on the planet I would have expected to see on significant shareholder list.
1.475m shares traded, so if it was a matched buy/sell then its still 737,000 shares....which is just over 3% so should get a holding RNS.
If the seller is finished then its likely to be-
Columbia Threadneedle: 790,414 (3.3%)
Will get an answer when they RNS.
Some tentative green shoots appearing, shareprice is bottoming out.
Yep. Its all a bit mysterious. I emailed SWG today and got an immediate response saying the big trades were a the last hopefully of a seller who they managed to match a buyer/s to . Hence this had no effect on the share price. I asked about an RNS but they said only if over 3%. By my math that was nearer 10% than 3, but did not press on that point. If the holder doesn't identify themselves then they won't know who it is. They were clear that it had nothing to do with any of their companies in the group. The fact remains that for whatever reason there was a very big drop in revenue in their interims over 30%. Quite how have they have achieved to maintain the cash balance and pay off £4 million legacy loan. Suppose the cash is the placing and they made 4 million from cost savings and sales which seems pretty decent. So in theory if the delayed contracts come good we should be in for a substantial recovery in the second half. Just to clarify holdings, they confirmed board and directors currently hold 30% of company. So there we are not an impending crash as one idiot on ADVFN seems desperate for, but more patience required. Looking reasonably optimistic
Some big trades after close. Hopefully this is the seller clearing....who has imo hammered the share price since April.
Over a million so hopefully get a holding RNS.