Shearwater rises as management give good tidings

AIM-listed digital security operation Shearwater Group (LON:SWG) has issued a trading statement today that suggests that results for the financial year ended 31st March will be towards the top end of market expectations. 

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The company has made a number of acquisitions that have performed well since joining the group and management said that they were confident in the quality of their current M&A pipeline. Chairman David Williams said that the group “will have the opportunity to substantially grow, both through further organic growth and potential acquisitions, during this new financial year“. Shares in Shearwater had risen by 3.51% to 5.80p at 15:00 BST.