Shearwater has announced a £1.8m contract to supply a hardware platform for a major UK telecom provider along with service engineering to be delivered by Shearwater’s Brookcourt Solutions subsidiary. The contract will be delivered in the current financial year and supports our FY26E forecasts, which are unchanged. Following recent selling pressure in the sector the shares are trading on a P/E of 8.4x FY26E and 6.4x FY27E. We believe that this represents an attractive entry point, and we maintain ....
