The announced management change and associated restructuring will leave the group on a much stronger footing in our view. The right-sizing of the cost base should restore earnings to a profile more consistent with our prior forecasts. Recent newsflow does not support the material reduction in share price seen over the past six months and the stock has been left materially undervalued.
16 Apr 2019
Cenkos: Shearwater Group Plc - Restructuring
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Cenkos: Shearwater Group Plc - Restructuring
Shearwater Group plc (SWG:LON) | 43.0 0.9 4.9% | Mkt Cap: 10.2m
- Published:
16 Apr 2019 -
Author:
Cavendish Research -
Pages:
5
The announced management change and associated restructuring will leave the group on a much stronger footing in our view. The right-sizing of the cost base should restore earnings to a profile more consistent with our prior forecasts. Recent newsflow does not support the material reduction in share price seen over the past six months and the stock has been left materially undervalued.