Sectorguard Share Discussion Threads

[ted32] 01/11/2008 10:56

I wonder what is in Mr Marks contract regarding "compensation"?

[eugene1234] 01/11/2008 09:59

todays Times.


A dispute at SectorGuard, the security and fire protection company, has resulted in the departure, with immediate effect, of David Marks, the founder and chairman, and his cousin Robert Weigl, a nonexecutive director. Mark Higgins, a director since March, who becomes chief executive, confirms that he voted against the company's recent accounts because he had concerns that SectorGuard was being run "almost like a private company rather than a public one". Mr Weigl resigned, but Mr Higgins said that Mr Marks was "asked to leave". SectorGuard rose 0.25p to 1.625p.

[velvetide] 31/10/2008 12:02

£750 is fine ted32, plenty of other bargains about

[ted32] 31/10/2008 11:03

only1buster

The signing of the acconts was a farce, the delay being that the directors were on holiday.
I've topped up - ok it is only £750- but I agree with you that we need a new direction.

[only1buster] 31/10/2008 09:39

manguard appears to be one takeover too many for D Marks and co. Manguard personnal seem to now run the show and the sgd largest shareholder has gone. Hopefully the company will now work towards eliminating the debt and restoring the divi to long suffering long term holders. I await the new direction that sgd will be following with more than a passing interest.

[eugene1234] 31/10/2008 07:14

Leaving immediately!!!!!!



RNS Number : 0993H
SectorGuard PLC
31 October 2008



SectorGuard plc




Board Changes




SectorGuard ('SectorGuard' or the 'Company'), the AIM listed provider of security and fire protection services today announces the following board changes. David Marks and Robert Weigl, Chairman and Non Executive Director respectively, are leaving the Company following the acquisition of ManGuard and direction that the Company will now be focussing on.




Mark Higgins who is currently a Director of the Company will become Chief Executive. Mark was appointed a Director in March 2008, following the acquisition of ManGuard Ltd where he was the founding director. Mark has worked in the security industry for more than 20 years providing a customer centric security service for a range of clients across general commercial, retail, transport, health and the education sectors.




Charlie Cleverly, currently Director of Operations, will be appointed as Managing Director. Charlie (full name: Charles John Cleverly), aged 44, has worked at Director level in the security industry for 7 years having previously enjoyed 17 years of commissioned service in HM Forces. He has been a Key Account Director and Operations Director for a national security supplier and latterly the Managing Director of ManGuard plc supporting Mark.




These Board changes are effective immediately.

[only1buster] 11/10/2008 11:16

with a present market cap of 4.4m, turnover for the year to 09 projected at 30m plus and profit in excess of 2m, the present share price may well turn out to be a steal once the panic has subsided -well worth a small punt - he who dares wins !

[only1buster] 03/10/2008 20:02

the next results for the half year to sept 30th should make interesting reading - the combined sgd and manguard should produce turnover of around 30-35 million in a full year - a further payment of around 1.5 million for the next 2 years will have to be made for manguard if it hits its projected targets and restoration of former divi in sgd would cost around £400k a year - the bank loans have to be serviced - should management have sucessfully intigrated sgd/manguard the half year results might well be better than the currrent share price of 1.75p indicates - to keep holders better informed a progress report evey quater might help to keep holders better informed

[l0rd lucan] 01/10/2008 09:12

Oh dear.

Another owing shambles.

[lecks17] 25/9/2008 22:19

I vote buster for CEO
Buster i agree lets get back into profit

[only1buster] 25/9/2008 18:10

I agree - the fact that the board are looking for more companies to take over sounds the alarm bells in my opinion - the debt needs to be cleared and divi restored before any more companies are aquired - proof of the projected profit from manguard needs to be shown - that will come with a bit of luck given the economic circumstances, in a years time - show us the money in the balance sheet in 2009. caution is required and debt needs to be eliminated

[eugene1234] 24/9/2008 21:46

I wrote on the III board that in my opinion the 'for sale' sign has gone up. I wonder what you PI's think? Trouble is the debt!

[deanforester] 24/9/2008 17:21

No comments on the results?

David Marks sounds confident.

[only1buster] 23/9/2008 17:48

on the downside - no divi, eps down from .33 to .22, holdings substantially diluted, debt acquired to fund acquisitions, % profit marginally lower, share price halved in 2 years despite progress - a case of jam tomorrow - a share for the patient long term holder only - white night takeover required to make the present share price move north

[relishing] 23/9/2008 10:28

£675k net profit for 18 months.

[knowing] 23/9/2008 10:12

£5.5M gross profit.

[knowing] 23/9/2008 10:04

Strong set of figures

HIGHLIGHTS

* Turnover of £26.8 million (12 months ended 30 September 2006: £17.8m)
* Security Personnel Division - £22.9 million
* Fire & Security Systems Division - £3.9 million
* Gross profit of £5.5 million (12 months ended 30 September 2006: £3.7 million)
* Cash flow from operations £2.2 million (12 months ended 30 September 2006: £0.2
million)
* Strengthened reputation as total provider of security solutions - utilising cross
selling opportunities
* Climbed into the top 20 providers in the security industry
* Added a number of nationwide businesses to client book
* Completed three key acquisitions - broadened service offering and geographic reach,
provided exposure to new market sectors
* Brought new experienced security professionals into the Group
* Accredited with Investors in People and became one of the first security providers
to be accredited with the ISO 14001
Environmental Management Standard
* Developed a number of initiatives that are seen as promoting best practice in the
industry

[knowing] 20/9/2008 11:45

You may be correct with the general market but there are great trading opportunities out there too.

[eugene1234] 19/9/2008 23:43

Sorry Knowing, usually agree with you but ther is much, much worse to come from the 'markets' Just hope it holds off till the end of the month.

[knowing] 19/9/2008 12:25

OK well thats an update. Lets hope these markets are still rising and they come in better as expected as per the trading update.

[ged5] 19/9/2008 10:06

23/9/08 provisional date on website.

[knowing] 19/9/2008 10:01

Can't be long to results now.