Croma Grp Share Discussion Threads

[donalc] 30/9/2011 11:52

Brit,
Have gone back through announcements last year. They announced results in Novemeber. No announcement saying results delayed, or even an announcement saying when to expect results. So this is different to last yr (IMHO)

[britgoneabroad2] 30/9/2011 10:49

Having been in this stock for many years, I have to say, you now know why this is a penny stock. Great company, great leadership, total disregard for shareholders and market valuation.

I've continued to hope for better, but the same happened last year and we are all 10% poorer today as a result.

[daisymax] 30/9/2011 09:47

Maybe the auditors have found something they don't like in the results.
Auditors know the timeframes and work towards those dates, what's going to take them until December?

[donalc] 30/9/2011 09:30

Barnsey, I think you are correct, but this will fall more today on back of this uncertainty. The director was bound to say what he said to you. I have cashed in this am. But if goes below 2 p may dip in again.

[barnsey] 30/9/2011 09:13

Still feel this company is well worth investing in, very impressed with the
amount of contracts they have won recently and in the past,below examples that
are still live and there are no figures available for the twelve prisons that
have Finger Vein technology installed which i would think substantial.




The value of the contract is anticipated to be between GBP2m and GBP10m per
annum for security services.
==============================================================================
Vigilant Security has been awarded a three year contract for the provision of
security services to a major international oil services company, worth GBP1.56
million in aggregate. Croma Group Plc is pleased to announce that its wholly owned subsidiary, Vigilant Security Services ("Vigilant") has won two 3 year contracts worth GBP500,000 per annum. The two projects are to secure two highly prestigious residential communities in Central London and Surrey.
==============================================================================

The largest contract involves manned security services and has been awarded by a
London property group. This contract will last for three years and is worth
GBP3.4m per annum to Vigilant.

In addition, Vigilant has won two further contracts recently. The first is for
the provision of manned security services to a major tourist venue in Edinburgh
for a term of three years and is worth GBP250,000 per annum.

The second is for the provision of manned security services to the Ministry of
Defence under a one year rolling contract and is worth GBP175,000 per annum.
==============================================================================
Vigilant, Croma's professional asset protection subsidiary, has secured the contract from a major international utilities business. It is expected that the contract will generate GBP3.5 million in revenue over the next three years.
==============================================================================
The contract is worth GBP450,000, Photobase's largest contract win to date, and marks a further step in the cooperation between Croma and CSS
===============================================================================Croma Group Plc is pleased to announce that its wholly owned subsidiary, Vigilant Security Services ("Vigilant") has won two 3 year contracts worth GBP500,000 per annum. The two projects are to secure two highly prestigious residential communities in Central London and Surrey.
===============================================================================
Photobase, in association with CSS Group, has been appointed to distribute and provide frontline technical support for the Hitachi H1 Finger Vein Scanner (the "H1 Scanner") in the United States. Photobase is currently the sole distributor of the H1 Scanner in the UK. The H1 Scanner uses Photobase's proprietary FastVein(TM) API and offers the ability to deploy multiple scanners on a single system.

- Photobase has been appointed by HMP Wealstun to provide Biometric Prisoner and Visitor systems for the prison, using FastVein(TM) technology. FastVein(TM) will provide a complete biometric identification system and will enable HMPS to interface directly with the National Offender Management Information System.

- Photobase has also been appointed to upgrade the existing Prisoner ID Management system at HMP Northallerton to include FastVein(TM) Biometrics. Arriving prisoners will have their identities checked and instantly verified using FastVein(TM) technology. This system has been rolled out at ten HM Prisons since March 2010.

[donalc] 30/9/2011 08:38

Does not look very professional.
Surprised there has not been a bigger drop? Maybe one of those RNS he talked about is the reason.

[barnsey] 30/9/2011 08:26

Must admit i was not happy this morning at 7am felt it was last minute and not
very professional and lacking in content re why the delay.
Hence the phone call which as allayed any fears but still i feel i should not have had to make the call the rns should have been clearer

[rich2006] 30/9/2011 08:12

So the BOD knew the results were not going to be out this week but decided at the last minute to tell shareholders.
Thats good management and is really going to entice new shareholders to buy in.

[standish11] 30/9/2011 07:50

barnsey-Thanks for the update.I was beginning to wonder whether the delay was due to bad figures taking longer to add up than good ones.

[barnsey] 30/9/2011 07:39

Just spoke to Mr Morley, and he states change in results date is purely down to auditors and nothing to worry about at all,the company is busy and very
positive about the future.
I asked if today's rns could have said something along those lines to stop
share holders feeling nervous not knowing what was going on and he said he had
considered that but felt the rns was better than saying nothing and again he
reassured me all was well.
So happy and holding long term so no problem for me.

ps he did say there would be more rns announcements to come before results
so hopefully new contracts.

[barnsey] 30/9/2011 07:16

rich2006

Good morning, your concerns were justified and i admit you know Croma very
well indeed.

This is not good enough if we are to take this company serious as a solid investment.

The fact finger vein is in 12 of hm prisons would give seal of approval/


Croma Group PLC ("Croma" or "the Group")



Statement re Annual Results



Further to the announcement released by the Group on 4 August 2011, Croma would like to notify shareholders that its results for the twelve month period ended 30 June 2011 will be issued not later than 1 December 2011.



For further information, please contact:



Croma Group PLC:



Sebastian Morley, CEO
Tel: [phone]






Brewin Dolphin (NOMAD):



Sandy Fraser, Managing Director - Corporate Finance
Tel: [phone]

[ibs7491] 30/9/2011 07:11

TIDMCMG

RNS Number : 2417P

Croma Group PLC

30 September 2011

Croma Group PLC ("Croma" or "the Group")

Statement re Annual Results

Further to the announcement released by the Group on 4 August 2011, Croma would like to notify shareholders that its results for the twelve month period ended 30 June 2011 will be issued not later than 1 December 2011.

For further information, please contact:


Croma Group PLC:
Sebastian Morley, CEO Tel: [phone]

Brewin Dolphin (NOMAD):
Sandy Fraser, Managing Director Tel: [phone]
- Corporate Finance

This information is provided by RNS

The company news service from the London Stock Exchange

END

[rich2006] 29/9/2011 23:48

Barnsey
Indeed i would prefer it not to be a double top. other formations like :-Rabbit ears or batman signs are supposed to be positives but WTFDIK

As for not seeming positive
We have seen cmg rise before only to fall back after what i would call decent news. ie contract wins etc. So nothing to get overly excited about atm. imo
I am anticipating good results but i do question if the market has already priced it in after the recent decent rally in the share price
As for the finger vein technology, hopefully it will take off big time but until we hear of big contract wins based around it then imo it is just another piece of technology to go along with remote cameras, RFID, biometrics and facial recognition. Good to have in your war chest but will it set the world alight.????????????

As i said before investors should do there own research looking at all the positives/negatives. For me to be helpful i would have to deramp a share i own when it has had a decent rise, just before the full year results are announced and i am not prepared to shoot myself in the foot. I am also not prepared to ramp it up either.

BGA2 They always leave it to the last moment so i Eagerly awaiting an an RNS tomorrow otherwise the BOD at CMG need a good fisting......
again.
GLA

[barnsey] 29/9/2011 16:34

Sorry if i appear over enthusiastic but i am fairly new to Croma and quite
excited by what my research as shown me, as mentioned before i do not see a
great many negatives and indeed rich2006 asked you to be helpful and point
a few out in case i missed any, still waiting.
To say you are holders here you do not seem to positive which is strange.

I am not a chartist either but i think you will find it's just a little
resistance point which hopefully we will pass on results tomorrow.


The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume.

[rich2006] 29/9/2011 15:22

Can he release them on time with all the relevant info not just all the positives. lol

I am not a chartist but that looks like a double top to me.
Hopefully i am wrong.

[britgoneabroad2] 29/9/2011 13:36

Can he write RNS' ?

[daisymax] 29/9/2011 13:29

Britgoneabroad2 Looks like barnsey has taken over the PR job.

[britgoneabroad2] 29/9/2011 11:45

50% chance of news tomorrow. I'd like to suggest Croma Hire a PR person. It seems to be their constant failing, news marketing.

[barnsey] 29/9/2011 10:05

The future should be bright when you consider the growth to come from the tie
up with Hitachi for UK and USA for FastVein.

Photobase, in association with CSS Group, has been appointed to distribute and provide frontline technical support for the Hitachi H1 Finger Vein Scanner (the "H1 Scanner") in the United States. Photobase is currently the sole distributor of the H1 Scanner in the UK. The H1 Scanner uses Photobase's proprietary FastVein(TM) API and offers the ability to deploy multiple scanners on a single system.

[barnsey] 29/9/2011 09:26

So,looking like results friday and i would love to see an improvement in the
profit margin which could boost the bottom line to a higher figure.


During the six months Group turnover grew 90% to GBP4.28m (2009: GBP2.26m), the result of major new contract wins in the Vigilant subsidiary coming though into turnover. Gross margins fell somewhat from over 30% (2009) to just under 19% as the new business bedded in.

Despite this, gross profit grew a healthy 15% to GBP798k from GBP691k (2009) and the Group continued to maintain tight control of administrative costs and financial expenses, resulting in continuing growth in profit before tax for the half year to GBP36,839 from GBP10,969 in 2009. Cash conversion remained positive with net cash generated from operations over GBP145,000 (2009: GBP491,470).
-------------------------------------------------------------------------------

Croma, the AIM listed total security services provider today issues the following unaudited trading update.

Growth during the twelve months ended 30 June 2011 has exceeded the Board's expectations. Total revenues for the Group during the year were GBP8.5 million (2010 GBP7.0 million), an increase of 21%.

In light of recent significant contract wins, the Board is optimistic for the Group's prospects in 2012. Croma's strong performance in a competitive market has justified the Board's decision to refocus Croma as a total security services business. The implementation of this strategy has been accelerated by the joint venture with CSS Total Security Limited.

[barnsey] 28/9/2011 16:12

Kiss of death, some are happy with small profit? why sell now.

[barnsey] 28/9/2011 16:08

Looking strong and holding on to gains,could the results have some surprises,
perhaps include new contracts or a very positive outlook statement and have
they increased profit margins to a higher level, fingers crossed, good luck all.

[rich2006] 28/9/2011 10:23

Does the price action predict news tomorrow.