The acquisition of the business and assets of Secarma will further broaden Shearwater's cybersecurity offering. The largely paper based transaction prices the issue of new ordinary shares at a material premium to the current share price. The sell-off in the stock price does not reflect the underlying fundamentals of current trading in our opinion.
09 Apr 2019
Cenkos: Shearwater Group Plc - Cybersecurity acquisition
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Cenkos: Shearwater Group Plc - Cybersecurity acquisition
Shearwater Group plc (SWG:LON) | 41.0 -0.2 (-1.2%) | Mkt Cap: 9.77m
- Published:
09 Apr 2019 -
Author:
Cavendish Research -
Pages:
5
The acquisition of the business and assets of Secarma will further broaden Shearwater's cybersecurity offering. The largely paper based transaction prices the issue of new ordinary shares at a material premium to the current share price. The sell-off in the stock price does not reflect the underlying fundamentals of current trading in our opinion.