Shearwater Group (SWG)

Sector:

Mining

Index:

FTSE AIM All-Share

195.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 292.50
  • 52 Week Low: 157.50
  • Currency: UK Pounds
  • Shares Issued: 23.67m
  • Volume: 4,299
  • Market Cap: £46.16m
  • RiskGrade: 492

Shearwater swings to profit after 'significant' growth in revenues

By Iain Gilbert

Date: Thursday 24 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Cybersecurity firm Shearwater said on Thursday that it swung to an interim profit after "significant growth" in group-wide revenues.
Shearwater saw revenues soar 255% to £16m in the six months ended 30 September, swinging the group to an underlying earnings before income, tax, depreciation and amortisation profit of £1m - a marked turnaround from the £1.6m loss recorded at the same time a year earlier.

During the half, the AIM-listed group secured a number of significant new contract wins, including multi-year managed service contracts, which underpinned future revenue growth and helped it continue to trade in line with expectations for the full year.

Shearwater also said a "substantial number" of live cross-selling opportunities were generated during the period, 19 of which were converted into contract wins.

Chairman David Williams said: "We have seen good momentum in H1 with the execution of our strategy yielding a materially improved financial performance, resulting in our second consecutive quarter of profits and strong organic revenue growth.

"For the current financial year, we are trading in line with our expectations, with the business approximately two-thirds second-half weighted. With our developing forward visibility and improving cross-selling opportunities, we are well-positioned for long term sustainable growth."

As of 0930 BST, Shearwater shares were up 1.87% at 229.20p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SWG Market Data

Currency UK Pounds
Share Price 195.00p
Change Today 4.00p
% Change 2.09 %
52 Week High 292.50
52 Week Low 157.50
Volume 4,299
Shares Issued 23.67m
Market Cap £46.16m
RiskGrade 492

SWG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
4.25% below the market average4.25% below the market average4.25% below the market average4.25% below the market average4.25% below the market average
5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average
Price Trend
13.48% below the market average13.48% below the market average13.48% below the market average13.48% below the market average13.48% below the market average
27.87% below the sector average27.87% below the sector average27.87% below the sector average27.87% below the sector average27.87% below the sector average
Income Not Available
Growth
21.06% above the market average21.06% above the market average21.06% above the market average21.06% above the market average21.06% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SWG Dividends

No dividends found

Trades for 10-Jul-2020

Time Volume / Share Price
15:10 2,113 @ 197.00p
14:09 2,113 @ 197.00p
13:25 1,500 @ 194.90p
13:08 359 @ 194.90p
12:30 327 @ 196.40p

SWG Key Personnel

Chair David Williams
Finance Director Paul McFadden
CEO Phil Higgins

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