Member Info for ShafTedAgin

JW, I concur.... Even the diluted NAV is 179pps, so assume a distressed sale gives 100pps we stil have potentially 50% upside. Operating costs seem high but in line with last year. Suspect we will see some consolidation, a smaller more reliable income stream and some debt paid down. Potentially some large capital losses to carry forward so who knows, maybe even get took out buy a REIT or similar.

I was a little surprised at the two recent sells by directors. May well be good reasons for doing so, but makes you question their confidence in things. Personally, think we're good for breaking 300p again if copper holds up.

Don't confuse investing with gambling....

Kind of agree, though reading the results it somehow feels very flat with not much enthusiasm. At least they recognise the lack lustre share price and will borrow to fund M&A which might make them a little tougher in negotiations with likely candidates.
The board need to show some commitment at these low levels, otherwise I worry we are being set up for a low ball take out.
Hopefully not, but we seem to be under the radar in what should be a really attractive business. Patience running low and no more top ups from me until the board show their hand.

Was that you then? Or do you think DS is reducing. Surely a TR1 should follow.

This relentless drop is starting to really baffle me. Is there really bad news coming in the results, are we being lined up for a cheap t/o? Who knows? But not much director interest at these levels which is concerning.

I would be interested on views of a comparison of these two entities. Overall, they appear to be in similar markets albeit doing different things for different clients.
Brandshield has a t/o approaching £2.5M ($3.25M) and valued around £16.5M
Shearwater has a t/o around £20M and valued at £32M
From my perspective Shearwater appears to be a straight forward, no bull company, that could be accused of over paying for bolt on companies and issues shares to the sellers which itself creates a delayed overhang on stock. An issue currently in play I suspect which has caused a relentless drop in its share price. Of concern too is the lack of recent director interest at these low levels.
I don't know enough about Brandshield to comment, so would welcome constructive comments on them.
So which valuation is more likely to be right?
I hold TSI & (sadly) SWG
I have posted the same message on TSI as keen to here both sides views.

I would be interested on views of a comparison of these two entities. Overall, they appear to be in similar markets albeit doing different things for different clients.
Brandshield has a t/o approaching £2.5M ($3.25M) and valued around £16.5M
Shearwater has a t/o around £20M and valued at £32M
From my perspective Shearwater appears to be a straight forward, no bull company, that could be accused of over paying for bolt on companies and issues shares to the sellers which itself creates a delayed overhang on stock. An issue currently in play I suspect which has caused a relentless drop in its share price. Of concern too is the lack of recent director interest at these low levels.
I don't know enough about Brandshield to comment, so would welcome constructive comments on them.
So which valuation is more likely to be right?
I hold TSI & (sadly) SWG
I have posted the same message on SWG as keen to here both sides views.

The spread is deterring trading again. Whilst not liking share buybacks, it might help the current situation. Personally, I would like to see a special dividend and return some of the GGP gains back to shareholders. Would be nice to see some progress with Engage now too, before recycling the GGP gains into some more unlisted companies. Let's hope the loose tie with Brandshield/Two Shields moves WeShop forward at a faster pace too. Fingers crossed the new board will act quickly to reinforce confidence.

Patience required with this one. Topping up when spread narrows or when bigger sells go through. Confident this will come good and return cash to shareholders.