Shearwater Group (LON:SWG) jumps after £25m telco contract tops market cap
Shearwater Group plc jumped 16.2% Wednesday. The AIM-listed cyber-security firm said Brookcourt Solutions got a five-year extension and expansion deal from a UK-based global telecoms firm. Shares finished at 43p after starting at 39.5p and hitting a high of 43.5p. Volume was 284,240. The thing that stands out for investors is the size. The £25 million contract tops Shearwater’s own equity value, even with shares up. At the close, the company’s market cap was £10.25 million. The expected FY26 revenue from the deal alone is put at £12.5 million.