Updates & Ideas

Shearwater

August 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The cluster of cyber security specialists listed on AIM that once had high flying share prices are now all dead in the water, with the exception of Shearwater (SWG; 129p), which after three upgrades has just produced a very decent set of results: sales up 13% to £35.9m (all organic), pretax profit up 24% to £3m and eps up 10% at 11p. Net cash is £5.6m.The company is a product of the shell revitalisation skills of chairman David Williams who has launched several shells over the years: this one was a gold miner until 2017 before he made it a buy and build in the cyber space. Williams’ problem early on was too high a central cost base as he put a team in place and a rag bag of four businesses then followed but the fifth one, Brookcour ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Restaurant Group - Cluster buying by directors

Growth Portfolio 3 - August '22

Scott Wilson - 544% gain in 15 months (July 2010)

Scott Wilson (May 2010)

Scott Wilson (April 2010)

Scott Wilson (January 2010)

Scott Wilson (November 2009)

Scott Wilson (September 2009)

Scott Wilson (May 2009)

Scott Wilson - Prospective PE of 3 (April 2009)

Scott Wilson (February 2009)

Scott Wilson - Organic revenue growth >10% (November 2008)

Scott Wilson (September 2008)

Scott Wilson (July 2008)

Scott Wilson - Less than 5% of sales from commercial property sector (April 2008)

Scott Wilson (March 2008)

Scott Wilson (January 2008)

Scott Wilson - Forecasts nudged up (November 2007)

Scott Wilson - Trading ahead of expectations (June 2007)

Scott Wilson (February 2007)

Scott Wilson - Buys Northern Ireland consultancy (November 2006)

Scott Wilson - Two thirds of business already booked (August 2006)

Scott Wilson - Forecasts upgraded (June 2006)

Scott Wilson - Likley to beat expectations (April 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X