Member Info for Rich62

There's a view that the recent share price weakness has been caused by Unicorn fund managers, who have been liquidating their Acorn Income fund.
Unicorn did hold around 10% of Somero, so a very big holder.
Liquidation is nothing to do with Somero's value, just a decision to shut this fund and liquidate assets.
Certainly there has been a big seller in the background for a while - I looked to buy around 500p several weeks ago, as share had fallen from high of 550p (RNS excellent results were declared). Lots of other smaller investors saw this as an opportunity and bought in, but despite massive buys around 500p, share price didn't move for several weeks.
Once buyers dried up, all it took was a few sellers and the market makers walked the price down, so it was moving towards 20% below year high, so many PIs capitulated and sold their stock triggering more falls etc.
Yesterday I believe was the bottom (but this is AIM so who knows!!)
I'm hoping that Unicorn are now all out / nearly out and we will get a Holding RNS over the next day or so.= to confirm.
Clearly the share price is a bargain now at these levels - I added more yesterday at 459p.
Rich

HY results out on 25th November and there's also an Investor Presentation that you can log onto using the Company website Investors Relations.

Well someone with deep pockets can see value here - 77,500 shares just bought at 124.25p.
A strong buy at this level

I'm sure the market makers will try and shake a few more shares out before 11th November.....
Holding mine for 300p +

Rich

I see Black Rock have announced that they have reduced their holding from 8.12% to 5.62%.
Perhaps now big seller is out for a period, share price may rise a little...!
Have a nice weekend y'all!

Yes surely ripe for a takeover at this price...
I don't understand how they have award winning software, and have picked up some big contract wins in the last 3 years but seem unable to kick on with the revenue streams in the same way that other businesses in cyber security grow so quickly

Quite impressive that you can buy at £1.28 now
- This values business at £30.5m.
- Holding £4.4m cash and made £2.4m profit last year.
- EBITDA and margins stronger in H1 this year, than last year
- I'll be happy if revenue slightly down in Full Year if margins and profit are significantly up

However surely they can get some revenue growth in a "hot sector" of the market and with recent acquisitions:
- Paid £30.3m for Brookcourt; £7.4m for Secarma; £1.7m for GeoLang - all acquisitions in last 4 years.

Okay so H1 revenue is slightly down, but margins up and EBITDA up.
You can buy at £1.32 currently valuing business at £31.4m with cash £4.4m and no debt.
Assuming H2 results are in order (and we know 50% are already contracted or renewals) then if the EBITDA rolls through into similar or better FY profit of £2.4m as last year, then the current p/e is around 11.25x by my rough and ready calculations.
Surely cheap and a takeover target at this level?

100% agree with your post - SWG is crazily undervalued.
I guess PI's are nervous as Board don't put out a lot of information, so share holders are left to stew, whilst the share price slips on no news, often on tiny volumes.
I'm thinking that maybe the RNS update is being held back because something is happening behind the scenes - eg takeover, acquisition etc.
Fingers crossed we get some news soon!
ATB holders
Rich

I've got the feeling this will end the day in blue.
Just a few sellers taking profit on news earlier today and MMs dropping bid hard to get cheap shares.
Excellent RNS, just needs time for market to pick up on the news and attract new buyers in.
No doubt Simon Thompson will continue to push this in IC on a regular basis, with good reason as excellent prospects.

Calnex covered by Michael Taylor in Investors Chronicle on line today - he's taken a position and plans to add to it, if it breaks through resistance at 130p.
I'd expect this to be covered in this weeks hard copy of the IC under "The Trader" feature
Stop loss at 90p

Thank you fleurs for posting the Grenfell towers inquiry links on here - I spent a couple of hours yesterday reading these and decided to sell into the rise this morning, to reduce my portfolio risks.
Great results - this business has loads of potential going forward and probably seriously undervalued, but I will stand aside now until the Grenfell inquiry and any fall out from it subsides. I'm worried about fines / reputational damage.

Rich

Added more 69.98p. Happy to keep buying at this level.
Hopefully big seller will be out shortly..

Weird time to release an RNS about a trial.....?
Surely could have left till 0700 tomorrow so more people see it......

Just added at 71.99p - Absolute bargain. Can't believe people dumping at this daft price...

Rich

On a positive note, its not falling (yet!) like other gold supplier POLY (down 1.8%), despite gold being up slightly at $1754/oz

Tight spread normally means share is about to rise....

Covered in the Daily Mail "This is Money" section - rated a buy

Added 1st tranche at 77.7p.
Thought Id missed the boat on this one - can't understand a 14% fall when most revenue is locked in already on contracts...
Will add more if opportunity arises..
Rich

Added more 145p. Bizarrely I could buy at 145p and sell at 145.04p this morning!
Daft price with p/e 12x.