||EPS - Basic
||Market Cap (m)
Real-Time news about Croma Grp (London Stock Exchange): 0 recent articles
|gantenbrink: Hi Fen - A mutual interest here it seems. I'm not trading much these days although have quite a lot of these as it does seem an exciting company with profits growing plus new and ongoing contracts which make the current share price seem surprisingly low imo. Not a huge number of shares in issue which is attractive too. Hopefully it will start to attract a wider audience as the success continues especially if any more contracts are announced like the one the other day.|
|truffle: It all sounds good stuff in theory, actually quite exciting, but the problem is that the company says virtually nothing aboout trading and how the business is going.
Sales and profitability appear to be better according to the last set of accounts but nothing since then and meantime you can pick up any amount of shares at prices which are as low, or lower, than last year or even two years ago.
Why on earth doesn't the company get its PR act together and tell the investing world what is happening. Their PR is absolutely abysmal and just damages the share price.|
|barnsey: 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.|
|barnsey: No concern here imo,
800,000 on 20 June 2011 paid from sale proceeds
· £200,000 on 30 June 2011 paid from sale proceeds
· £120,000 on 20 December 2012 convert to shares? [ higher share price ]
· £200,000 on 29 January 2013 as above
· £100,000 on 28 February 2013" as above
Turnover increased from 7m to 8.5m in difficult financial times so happy
with that,the only concern for me is the margin reduction which i feel sure
the co will be doing there utmost to improve in this highly competitive
market, over to you.|
|donalc: When does the company have to say something about rise in share price?|
|dvsfm: a good result i'd say, enough to justify the current price at least, lets see the profit figs in september then we'll know if the share price should be higher|
Yes i know about the £1m from the proceeds of RDDS if the sale went ahead on the agreed terms, Croma did not give a statement to say what stage payments were being paid and when, this is from the half yearly report
"In line with the policy of the Board expressed in the last full year accounts, we have today completed the sale of the Group's avionics subsidiary for over £1m payable in stages, including potential earn-out payments. The half year accounts and comparables have been adjusted to reflect this sale in accordance with standard accounting practice."
There are further outstanding loan stocks that will need to be paid(dec2012) but they are alot smaller, but they are commitments the company need to meet or rearrange albeit next year.
"In consideration of the potential cash outflows associated with the convertible loan notes, the holders of the loan notes have the option to either convert their debt into equity in the Group or repayment in cash on the due dates. Given the current share price the Directors consider it is unlikely that the debt will be converted into shares. The redemption profile is as follows:
· £800,000 on 20 June 2011
· £200,000 on 30 June 2011
· £120,000 on 20 December 2012
· £200,000 on 29 January 2013
· £100,000 on 28 February 2013"
It does seem strange that the share price is sitting this low when the company doing better than it has ever done.
|dvsfm: i know it a pitiful share price, like so many other unfortunately|
|dvsfm: I think this is just the nature of the business, long running hard fought contracts. The only thing this company can do is to keep growing its profits, hoping eventually the share price will catch up. I hope were higher than this come the next results, should see some reasonable improvements in the bottom line|
|truffle: You have to ask yourself why, with all the potentially good news on security systems (as highlighted above) the share price continues to languish and even fall further which is really disappointing.
This company should be doing very well and yet it has not really issued any encouraging news on trading nor has it managed to sell a subsidiary after announcing negotiations where in progress as long ago as last July!
Meantime shareholders continue to suffer.|
Croma Grp share price data is direct from the London Stock Exchange