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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Croma Security Solutions Group Plc | LSE:CSSG | London | Ordinary Share | GB00B5MJV178 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 68.50 | 46 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 65.00 | 72.00 | 68.50 | 68.50 | 68.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Srch,det,nav,guid,aero Sys | 42.83M | 3.7M | 0.2695 | 2.54 | 9.4M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:03:38 | O | 46 | 71.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/4/2024 | 09:57 | ALNC |  IN BRIEF: Croma Security inks GBP400,000 contract with NHS Trust |
| 03/4/2024 | 07:00 | UK RNS | Croma Security Solutions Group PLC NHS Contract Win |
| 21/2/2024 | 12:40 | ALNC | Croma Security shares up on higher interim revenue and profit |
| 21/2/2024 | 07:00 | UK RNS | Croma Security Solutions Group PLC Half-year Report |
| 29/1/2024 | 19:49 | ALNC | IN BRIEF: Croma Security trading in line, considers further expansion |
| 29/1/2024 | 07:00 | UK RNS | Croma Security Solutions Group PLC Trading Statement |
| 08/1/2024 | 11:23 | ALNC | Croma completes buys of two locksmith firms for combined GBP483,000 |
| 08/1/2024 | 07:00 | UKREG | Croma Security Solutions Group PLC Acquisition |
| 01/12/2023 | 10:24 | UKREG | Croma Security Solutions Group PLC Result of AGM |
| 16/11/2023 | 07:00 | UKREG | Croma Security Solutions Group PLC Notice of AGM |
Croma Security Solutions (CSSG) Share Charts1 Year Croma Security Solutions Chart |
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1 Month Croma Security Solutions Chart |
Intraday Croma Security Solutions Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2024 | 15:44 | Croma Security Solutions - The Long Story | 438 |
| 07/11/2019 | 20:18 | Croma Group | 553 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-04-18 15:03:40 | 71.00 | 46 | 32.66 | O |
| Top Posts |
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Posted at 18/4/2024 09:20 by Croma Security Solutions Daily Update Croma Security Solutions Group Plc is listed in the Srch,det,nav,guid,aero Sys sector of the London Stock Exchange with ticker CSSG. The last closing price for Croma Security Solutions was 68.50p.Croma Security Solutions currently has 13,729,720 shares in issue. The market capitalisation of Croma Security Solutions is £9,404,858. Croma Security Solutions has a price to earnings ratio (PE ratio) of 2.54. This morning CSSG shares opened at 68.50p |
Posted at 15/4/2024 14:43 by goliard Just to say that I have received confirmation from CSSG that that the first payment of over £500k was received on 28 March. |
Posted at 04/4/2024 14:42 by effortless cool Based on a 30th percentile market PE ratio of x8.4, I value CSSG at 86.5p, assuming all Vigilant payments are made in full and on time.Also, I agree with rivaldo; receiving a large payment due on schedule is not RNSable, whereas not receiving it would be. |
Posted at 04/4/2024 14:01 by rivaldo I'm not definite there will be an RNS regarding any receipt of the first £450k due from Vigilant. One could argue that its receipt is due in the ordinary course and therefore if received not RNS-able, whereas if it were not received than that would be newsworthy? I certainly take the view that its receipt should be announced.WH Ireland say in their update note that they'll resume forecasts/full coverage soon "given the additional focus and enhanced earnings visibility which are now features of the company. We note that the company is trading in line with management plans". They also note: "Net cash was also healthy at £2.1m, and we anticipate further substantial payments in respect of Vigilant, with an anticipated recent c.£0.5m cash payment in March ’24 to be followed by a further nine payments of c.£0.40.5m each, and the redemption of £1.3m of Vigilant shares anticipated for July 2024. WHI view: This morning’s announcement highlights regular earnings streams such as maintenance as well as project work, which is pleasing to see. Beyond this, CSSG is very well positioned in our view to use a meaningful funding stream deriving from the disposal to consolidate its market, making more such wins probable as it increasingly becomes a national player and providing increased growth potential to the business"." |
Posted at 03/4/2024 13:14 by goliard Under the tersm of the Vigilant deal, the first payment on loan notes was to be 9 months after completion of the deal.Today, 3 April, is exactly 9 months after the deal completed, so I would very much hope that Croma is waiting for the cash to appear in their account and then issue an announcement confirming that it has been received. It is an important announcement and whilst confrmation of payment may not move the share price too much upwards, any hint of a problem may see the share price get hit hard. Vigilant deal terms were as follows; the Loan Notes (being both capital amounts and accrued interest), shall be repaid as follows: a) the first payment shall be nine months following Completion; b) thereafter payments shall be made on each quarter date for a further nine payments; Completion date was 3 July 2023, so approx £450,000 is due in today from Vigilant. |
Posted at 03/4/2024 07:17 by rivaldo Excellent news this morning of another NHS security systems contract win, not so much for the quantum at £0.4m but because it's a further example of CSSG spreading its wings through the NHS.As the RNS says, "Croma now service several NHS Trust's and healthcare providers". Once a company establishes itself in the public sector it's usually the case that a series of regional organisations or Trusts follow each other once a reputation is established. For the £9.4m m/cap CSSG this would be transformational alongside the expansion via acquisition propelled by the cash pile. |
Posted at 21/2/2024 11:04 by rivaldo Nice upwards breakout on the chart this morning.WH Ireland are still waiting to publish new forecasts. They don't add much to this morning's RNS, but conclude: "WHI view: Today’s update highlights a favourable start to the second half. The previously announced NHS trust maintenance renewal in respect of the security needs of a group of hospitals highlights CSSG’s strong, embedded relationships with its client-base and the fact that a noteworthy proportion of its business is longer term in nature. Encouragingly, though the quantum is not specified, the company is highlighting a robust pipeline of potential contracts in the entertainment and utilities areas. CSSG has announced contracts with major cinema groups, and we believe there are potentially some further promising prospects for the company, particularly as it continues to roll out its product across new and extended geographies." |
Posted at 12/2/2024 09:47 by rivaldo New buy recommendation for CSSG on HotStockRockets (subscription-only though): |
Posted at 29/1/2024 09:53 by rivaldo WH Ireland are still waiting to produce new forecasts, but make some useful points:"Croma Security Solutions (CSSG) – Corporate – H1 update: rapid pace of growth; contract streams underpin; M&A offers good opportunities" "We are encouraged by the continuing positive pace of growth, which we view as both organic and acquisition based. On the score of organic growth, we note last week’s release by the Home Office of data relating to outcomes following a crime, which shows a further increase in the year to September 2023 in unsuccessful investigations (“completed without suspect”) to over 40% of total crimes, in addition to c.38% described as posing “evidential difficulties”, while criminals charged are under 6% (2014:17%). We anticipate that underlying demand for CSSG’s services will continue to grow." "We believe that many more consolidation opportunities of this kind are available for CSSG. It is important to note the cash available to the company to generate earnings enhancing growth through market consolidation, given that in addition to the last announced year end net cash of £2.1m, further substantial payments are to be expected in respect of Vigilant (£0.5m cash payment in March ’24 to be followed by a further nine payments of c.£0.4-0.5m each, plus the redemption of £1.3m of Vigilant shares anticipated for July 2024)." "WHI view: In addition to underlining the consolidation opportunity for CSSG, this morning’s update provides further evidence of the very reasonable prices that the company is paying for its acquisitions, with the most recent £0.4m consideration paying for a profitable two-site business and additionally including a site valued at £0.35m freehold. With sites typically turning over revenues in the range of £300-350k (though these can be more sizeable or smaller), we believe that the resources available to CSSG make a meaningful site acquisition programme, further expanding the national geographical footprint and offering operational gearing opportunities, very much within the company’s grasp. Also in this morning’s update, it is good to see the contract renewal with an NHS trust. Historically, CSSG has announced similar contracts, and combined with contracts with national cinema chains and other major clients, we believe that these renewals indicate a helpful strand of repeat earnings where the company is effectively well embedded with its clients." |
Posted at 07/11/2023 08:59 by rivaldo WH Ireland aren't yet publishing full forecasts following the Vigilant disposal, but anticipate doing so, and note that a rating "on an EV/EBITDA basis below 5xdoes not seem overly demanding". They summarise: "Croma Security Solutions (CSSG) – Corporate – FY results reflect continuing strong momentum Market Cap: £5.8m FY results from CSSG this morning reflect very healthy growth from the continuing business following the disposal of Vigilant. The company is a leading provider of specialist security products, notably locks and related devices; and beyond this, of electronic security products and monitoring services, with 14 security centres in the UK. Continuing revenues for the year to June ’23, at £8.03m 38% ahead YoY, included significant underlying growth of 21%, while the overall underlying (ex-Vigilant) gross margin has also moved ahead YoY at 46.7% (was: 43.9%). Overall EBITDA at £0.954k was 78% ahead YoY, and continuing PBT / EPS also well ahead – £0.4m continuing PBT plays £0.1m in the prior year. Net cash is very healthy at £2.1m, notwithstanding substantial investments – and further substantial payments are to be expected in respect of Vigilant, with a £0.5m cash payment in March ’24 to be followed by a further nine payments of c.£0.4-0.5m each, and the redemption of £1.3m of Vigilant shares anticipated for July 2024. Overall, the results suggest that the group is making excellent progress in its new shape, while encouragingly, current trading is said to be good." Also: "The company is a beneficiary of underlying drivers, notably concerns over rising crime, increasing corporate risk aversion and regulation, and CSSG’s ability to meet changing demands from its customer base." "Moreover, CSSG’s core market offers fertile opportunities for consolidation, and with a meaningful funding stream deriving from the disposal, we view the company as extremely well-placed to pursue further accretive acquisitions in line with its stated strategy." |
Posted at 08/6/2023 09:29 by rivaldo For the record here's WH Ireland's summary of the deal - the sale "looks to us like a good outcome for CSSG" on a historic EBITDA of 9.46:"Croma Security Solutions (CSSG) – Corporate – Successful disposal of Vigilant, subject to shareholder approval Market Cap: £7.1m Share Price 47.5p CSSG’s announcement this morning brings to a successful conclusion, subject to shareholder approval, the disposal process for Vigilant, its manned guarding operation, announced at the company’s AGM at the start of December last year (2022). The overall strategy behind the disposal recognises the disparity between the ongoing CSSG businesses (Security Systems and Locks) on the one hand and Vigilant on the other, and the relative lack of cross-selling opportunities between the sides of the business prior to the disposal. In addition, in terms of the fundamentals, notably, firstly, the ongoing businesses are higher margin operations than Vigilant, which operates at the upper end of the mid-single digit operating margin level typical of manned guarding businesses. Secondly, we note the consolidation opportunities which CSSG perceives in the wider locksmith market in particular, lending further logic to the deal from the company’s perspective. The company also updates on FY23E trading in the eleven months to June ‘23, which is said to be ahead both consecutively – H2-23E as against the half year to December ’22 – and on a full year basis, and across the business. Positive news, this suggests resilience / growth in the underlying markets for the ongoing group, with further market penetration a consistent theme. WHI view: In terms of the disposal price, CSSG has disclosed revenues, EBITDA and operating profit for Vigilant of £29.3m, £0.8m and £0.7m respectively for year to June ‘22. Given the effective overall sale price of £7.57m, based on a consideration of £6.5m plus inter-company balances of £1.07m, the implied historical ratio of 9.46x EBITDA looks to us like a good outcome for CSSG. Subject to details of the final deal structure, CSSG within the overall £7.57m will receive on completion either £3.4m or £2.1m in cash, with further cash payments starting at March 31st 2024 and over the following nine quarters. Following the recent Safecell announcement, the company has already announced its intention to continue to take advantage of the consolidation opportunities in its markets as it grows its national footprint, with further acquisition opportunities identified. With no forecasts in the market at this point, we await developments post-the General Meeting announced for June 30th." |
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