Croma Grp Share Discussion Threads

[britgoneabroad2] 27/11/2011 20:56

What next, any ideas ?

[daisymax] 23/11/2011 11:59

We'll see. Need a lot more buys to bring this back to where it should be.

[tara7] 23/11/2011 08:02

Dirt cheap, profits, margin, and T/O all growing fast from a tiny base.

[rich2006] 23/11/2011 07:58

Yeah nice surprise this morning.

[dvsfm] 23/11/2011 07:42

very nice set of results in this environment, increased sales/profits is very good news with the hope of better margins to come. well done bod

[rich2006] 19/11/2011 12:50

2 weeks till results 10 working days, hopefully CMG will keep to this deadline.
Could see a run up in the share price again next week in anticipation of the results

[barnsey] 06/11/2011 18:47

This technology will imo be huge in time and it would seem like Croma via
Photobase are at the forefront re this market,the speed of Fastvein impressed
CSS back in January they should be jumping with joy at these new figures and
so should shareholders.

Jan 2011

Photobase has recently launched its new FastVein™ system to the UK market which uses sub-dermal scanning for unrivalled biometric identification. The system uses non-invasive infra-red scanning technology to capture and register a vein template in under ten seconds, and can reliably scan and identify up to eight-thousand templates in one second. FastVein™, for the first time, presents a real alternative to bulky and costly biometric technologies such as iris-scanning, for which a successful enrolment can take up to 45 minutes.


Oct 2011

We are pleased to announce that we have managed to achieve an incredible scanning rate of 120K templates per second with FastVein™ our proprietory vein matching API using desktop hardware.

Our previous performance was already impressive at 40K templates per second, but the latest development will bring true biometric 1:many identification on massive databases, without the need for a token or secondary pre-identification, a true reality.

For most applications 120K per second will be more than adequate, but we are already well on the way to achieving scanning rates in excess of 1 million per second for super-massive databases such as those maintained for national infrastructure.

FastVein™ now includes a complete suite of products, both software and hardware, that can provide everything from access control, to asset management, straight through to remote and mobile identity management.

Comment from Jan 2011 which cheers me up no end re the future for Croma, dyor.

Managing Director Roberto Fiorentino said: "We are ready to deliver to the commercial world and business leaders will be staggered by the speed and accuracy of the FastVein system, together with its ease of integration into existing access control or HR systems - not to mention value for money. Right now we're getting real interest from blue chip organisations where security is essential - airports and ports being favourites to be early adopters.

[smarner] 05/11/2011 22:22

With slow Biometric Identity checks in the news as being the reason behind queues and hence Director being suspended. The fact that fastvein is getting faster is surely something to shout about and get the company noticed.

[barnsey] 04/11/2011 16:33

Nice end to the week, someone keen to buy, all should be revealed shortly.

[rich2006] 03/11/2011 17:38

Truffle
That was my initial thoughts
But then it was on the front page of their website and imo it does not really warrant an RNS.
They do imo really need to look at gaining more publicity whether it be investor newsletters, brokers notes, investor presentations or on the likes of iball or youtube to name a few.
But then if they cannot stick to their own deadlines, then no amount of good publicity will make up for the uncertainty and unreliability of the board.

oh well i can hope can't i.

[truffle] 03/11/2011 11:42

Where did you pick up the news on FastVein?
For a company that says so little about itself and what it is doing would have thought that this is the sort of thing they should be telling shareholders.

[rich2006] 01/11/2011 13:49

a little bit of news

and also the 30 day count down to the results begin. That is if they keep to this deadline.


FastVein™ Achieves 120K Templates Per Second

24/10/2011 13:46:57


We are pleased to announce that we have managed to achieve an incredible scanning rate of 120K templates per second with FastVein™ our proprietory vein matching API using desktop hardware.

Our previous performance was already impressive at 40K templates per second, but the latest development will bring true biometric 1:many identification on massive databases, without the need for a token or secondary pre-identification, a true reality.

For most applications 120K per second will be more than adequate, but we are already well on the way to achieving scanning rates in excess of 1 million per second for super-massive databases such as those maintained for national infrastructure.

FastVein™ now includes a complete suite of products, both software and hardware, that can provide everything from access control, to asset management, straight through to remote and mobile identity management.







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]

[rich2006] 17/10/2011 20:29

Yeah
Ask the company to stick to the deadlines they set and if unexpected circumstances arise notify shareholders via RNS ASAP not at the last possible moment.
It is all about certainty and uncertainty
management being upfront and opaque.
imo

[britgoneabroad2] 17/10/2011 15:53

Anyone got any ideas how to plug the leak ?

[britgoneabroad2] 02/10/2011 19:21

My new game plan... buy below 1.7, sell above 2.1, repeat, repeat, repeat for the next 15 years.

[tara7] 02/10/2011 00:51

VoD an Shell both in the FTSE down 13% on the year, last year not much better, yet you recon you will sleep better.!!!!!!!!!!!!!

Tara"s ten for 2010 up 73%, and Tara"S ten for 2011 up 43% so far,


ALL ARE TINY LOW CAP AIM STOCKS LIKE THIS ONE.

MARKETBOY. You need help and fast??!! cos in under 5 years your FTSE stocks would lose you 100% what you put in.!!

[barnsey] 02/10/2011 00:35

marketboy

You sell this company short, may i suggest you do some research.

[marketboy] 30/9/2011 22:00

dmhzx

You may be overwhelmed by barnsey's enthusiasm beyond reason. Here is my take on things:

1. The security industry is a very opaque business ie dodgy business
2. Unless you have IP rights or unique products the margins are low
3. The middlemen make more profits than the companies delivering the sales
4. Croma since IPO has consistently over promise and under deliver - IPO at 5p with 100m shares, now 2p with 183m shares
5. AIM companies are high risk ie many don't make it to anywhere, so why should Croma
6. Croma's growth is organic not acquisitive, so it's unlikely growth will double year on year ie hedge funds aren't going to jump in any time soon
7. Profit before tax has been improving and gives signs for optimism but nothing really to ramp about, last year was £90K with £7m t/o, this year at a guess profit on the high side at £200k with £9m t/o, gives eps of 0.1p and a p/e ratio of 20, which I think is high without a track record of high performance, so given an organic growth of 33% for next year to a t/o of £12m, PBT at £500k, a p/e of 20 gives a share price of 5.5p and if being conservative a p/e of 10, a share price of 2.75p, which is not too far higher than what the share price is today
8. Success stories are usually kept secret until they are not so people will tell you about it

Sell your shares in those dead companies and invest the money in companies paying dividends like VOD, shell etc, you will sleep better at night.

[barnsey] 30/9/2011 21:03

Spoke with a chap at Faradayresearch and he was surprised by the delay and he
said they advised there members to sell half there holdings and hold the rest.
Obviously that would not help,the shares are volatile and all sells today but
it will go the other way just as quick on good news
Today i feel we have taken a step back and put a little fear and uncertainty
in the minds of share holders which for me seems wrong and unnecessary when we
could have received the prelims with positive news and all be happy to have
broke the 3p barrier, how nice would that feel.
Anyway we are in the hands of the directors so hopefully they know what there
doing,still looking forward to good results one day?.

[britgoneabroad2] 30/9/2011 17:20

It's pretty disconcerting how much damage a 2 line RNS can do.

[dmhzx] 30/9/2011 17:07

If I can get more of these for under 2p again, before the reults come out, I will mortgage my entire collection of share certificates from long dead companies that were recommend by Tom Bulford and chums, to buy as many as I can.
Long may uncertainty reign.

[barnsey] 30/9/2011 15:32

Just back from lovely sunny Haworth, what a beautiful place England is when
the sun comes out, nice to see we are holding above 2p we just need a few new
contracts next week now to restore some confidence.
In fairness to the board of directors surely there job is to develop Croma to
become a top company with large turnover and large profits and not worry re
daily movement in share price.
They do seem to be making progress on that front but government cuts will not
be helping but you would feel the security side should be booming right now.

[britgoneabroad2] 30/9/2011 13:01

Last year the Calendar on the corporate website had listed expected results at a particular date, the date came and went and I got an email that they would be late about 6 weeks, but absolutely nothing to worry about. After that, the share price slowly declined to 1.3p from 2.2p