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SGD Sectorguard

1.50
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sectorguard LSE:SGD London Ordinary Share GB0031427940 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.50 GBX

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Date Time Title Posts
01/7/200914:43Sectorguard 2008 onwards198
24/9/200817:21Sectorgaurd - In profit but unknown !!1,561
13/3/200822:26Northern adventures-
02/3/200510:46Sectorguard (SGD) Could become a goodie7
22/1/200500:49Sectorguard - A great Buy opportunity516

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Sectorguard (SGD) Top Chat Posts

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Posted at 24/6/2009 13:14 by tripledouble
only1buster - I'm pretty sure the market cap is more like £11m (this site have it wrong, while III & HSBC indicate circa £11m)- which is annoying becuase it can screw up your analysis - I bought partly because like you I thought the market cap was low only to discover (about a year later) it was twice as much!!

Thus halving my fair value/target price!! Doh!

Having said that I still think it's good value and although my optomism has been volatile this year I'm hopeful next week will bring some positive price movement.

It's place your bets time!!!!!
Posted at 19/6/2009 17:56 by only1buster
the directors dont have to buy - in the last year Mr H has taken his share of sgd from 11% to 29.99% by converting his loans to the company and his cash entitlements re the takover of his former company Manguard into shares @ 1p per share - He holds the maximum number of shares wihout having to bid for rest - He has put himself in a very strong position @ a peanuts price.
Posted at 14/6/2009 15:10 by sleveen
The Company is also seeking Shareholder authority to issue up to a further £1,284,150 of the unissued share capital of the Company, equating to 256,830,000 new Ordinary Shares, of which £583,700 (116,740,000 Ordinary Shares) can be issued for cash after disapplying statutory pre-emption rights.

If 116,740,000 shares are placed then further dilution will occur, (if I understand the gist of this paragraph correctly).
Posted at 12/6/2009 21:58 by only1buster
when manguard was "taken over", M Higgins received 40 million shares roughly 11% of the then isssued shares. Following the above mentioned exercise, M Higgins will emerge with 29.99% at a cost of approx 1p per share - a very nifty exercise. It is to be hoped that the remaining holders will share some of the remaining crumbs by way of a divi
Posted at 12/6/2009 10:57 by eugene1234
Is this news equal to one third dilution?







SectorGuard plc

('SectorGuard' or the 'Company')







Proposed change of name to Legion Group plc

Notice of General Meeting




SectorGuard plc ('SectorGuard' or the 'Company'), the AIM listed provider of security and fire protection services, is sending to shareholders today a notice of General Meeting convening a meeting for 3.00 p.m. on 29 June 2009 at the Chancery Court Hotel, 252 High Holborn, London WC1V 7EN.




The General Meeting has been convened in connection with proposals to change the name of the Company to 'Legion Group plc' and to strengthen the Company's balance sheet by the conversion into ordinary shares in the capital of the Company ('Ordinary Shares') of £1.845 million of indebtedness currently owed to Mark Higgins, the Company's Chief Executive Officer.




Change of Name




When the Company acquired Legion Group plc ('Legion Group') in March 2009, the Directors stated an intention to retain the 'Legion' brand for the enlarged group. Since completion of that acquisition, the 'Legion' brand has been promoted as the principal brand of the group and this transformation of the group's brand image will be completed by the proposed change of name of the Company to 'Legion Group plc'. The entire enlarged group will be rebranded 'Legion Group' with effect from 1 July 2009.




Debt Conversion




To assist in the funding of the acquisition of Legion Group, the Company borrowed £1 million from Mark Higgins and issued to him a loan note convertible into Ordinary Shares at an issue price of 1p per share. The Company proposes to convert the entire outstanding £1 million balance of this loan note into 100,000,000 Ordinary Shares at the earliest opportunity available in accordance with the AIM Rules.




In addition, as announced on 11 March 2009, the Company and Mark Higgins agreed to capitalise part of the indebtedness owed by the Company to Mark Higgins in respect of the consideration outstanding under the agreement by which the Company acquired ManGuard Limited. On 11 March 2009, the Company issued £1 million loan notes to Mark Higgins as payment of part of the first year additional consideration payable under that agreement. The Company also proposes that, subject to the passing of the relevant resolutions at the general meeting, £845,000 of such loan notes should be converted into 84,500,000 Ordinary Shares, also at the first available opportunity. The balance of £155,000 of the loan notes will remain outstanding on the terms set out in the loan notes.




The issue of the Ordinary Shares is conditional on the passing of certain resolutions at the General Meeting and admission of the Ordinary Shares to trading on AIM and is intended to take place following the announcement of the Company's final results for the year ended 31 March 2009, which is expected to happen in July.




Following completion of the conversion of the debt referred to above, the enlarged issued share capital of the Company will comprise 778,276,248 Ordinary Shares, of which Mark Higgins will own 233,375,000, representing 29.99 per cent. of the issued share capital.




As the Company does not currently have sufficient authorities to issue the Ordinary Shares to Mark Higgins pursuant to the conversion of the loan notes, the Company is seeking shareholder authority to issue and allot 184,500,000 Ordinary Shares in connection with the loan note conversion. The Company is also seeking Shareholder authority to issue up to a further £1,284,150 of the unissued share capital of the Company, equating to 256,830,000 new Ordinary Shares, of which £583,700 (116,740,000 Ordinary Shares) can be issued for cash after disapplying statutory pre-emption rights.




The Company also proposes to increase the authorised share capital to £6,000,000.




The full text of the Resolutions is set out in the notice of General Meeting which is being sent to shareholders today and can be downloaded from the Company's website at www.sectorguard.co.uk.




12 June 2009
Posted at 06/6/2009 21:36 by only1buster
anyone know the exact expected date of the results and when were these quoted ex divi (no divi expected - too much money owed to bank and the top man Mr H.)Dispite the wonderfull progress in 2 years having taken over several rivals, the share price has declined almost 66%, the shareholdings of long term holders have been severely diluted, bank loan has hit 3.6m, 1m is owed to Mr H, the results will have to be wonderfull for the shares to hit 4p plus again. Dispite averaging down, I need to see 3.5p to break even, fingers crossed and good luck to all holders. Being talen over seems to be the solution,a white night urgently required
Posted at 17/4/2009 17:27 by ted32
I'm sure that the Times quoted somebody as saying that the old management treated SGD as a Private Company. The new CEO has pointed the Co into a new direction and I sincerely hope he has the time for the share price to reflect this,before we are taken over.
Posted at 11/3/2009 07:10 by eugene1234
11 March 2009




Enquiries:




SectorGuard
01992 701972

Mark Higgins, Chief Executive



Charlie Cleverly, Managing Director








Seymour Pierce
020 7107 8000

Jonathan Wright








College Hill
020 7457 2020

Nick Elwes







www.sectorguard.co.uk







About Legion

Legion Group plc is the UK's oldest established parking services and security services group and a leading provider of manned guarding and CCTV monitoring services to the public and private sectors. Legion provides civil parking enforcement services and car park management services to local authorities, shopping centres, retail parks and private organisations nationwide. Legion has nine offices nationwide.




For the year ended 30 September 2008, Legion had a turnover of £27.5 million with a gross profit of £4.5 million and overheads of £5.5 million.




Legion is unique in providing both security services and parking services. Through its subsidiary company, Legion Technologies Ltd, Legion is the single point of contact for access to an extensive range of bundled services utilising today's most advanced technology, including sophisticated electronic access control systems, portable perimeter protection, covert tracking technology and lone worker protection. By combining the services of Legion's experienced officers and world-class technology, Legion is able to offer innovative, fully integrated solutions designed to meet clients' specific requirements




Legion's national workforce of approximately 1,400 fully trained and, where necessary, licensed officers is dedicated to providing the highest levels of customer service. Legion has accredited training programmes for manned guarding, CCTV monitoring and parking services personnel to ensure that all staff are fully updated on current legislation, industry best practice and the latest technological advances.




Legion Group plc is a wholly-owned subsidiary of the RBLACT, a registered charity with the aim of promoting employment opportunities for ex servicemen and women.




Legion is a Security Industry Authority approved contractor.







Rationale for the transaction

The security market has seen widespread changes in the last six months resulting in security companies needing to provide a more balanced portfolio of services as well as client focussed approach. The enlarged group will provide a greater breadth of services and this, combined with the improved internal model which is focussed on client support, will enable the enlarged group to compete more effectively in the security market.




The parking enforcement element of the Legion portfolio provides in excess of 200 staff and siginificant access to a wider market place for the combined business.




The enlarged group will retain the Legion name and brand whilst using the SectorGuard model to improve the client service and efficiencies which have been developed and implemented by the new SectorGuard team in the last three months.







Details of the Acquisition, the Placing and the Loan from Mark Higgins

SectorGuard has agreed to acquire the entire issued share capital of Legion for an initial consideration of £1. In addition, the Company will also pay a sum of £100,000 per year for ten years to the RBLACT.




The Company is also raising approximately £1.98 million before expenses through a placing of 197,925,400 shares at 1p per share.




Mark Higgins, CEO of SectorGuard has also agreed to provide the Company with a loan of £1 million. The Loan is for a maximum term of three years, but is repayable in cash at the Company's option at any time after 18 months or repayable, by agreement between the Company and Mark Higgins, at any time by the issue of ordinary shares in the Company equal to the then outstanding balance at an issue price of 1p per share. The Loan attracts interest at 3 per cent. above 3-month LIBOR.




The Loan from Mr Higgins and the net proceeds of the placing will be used to assist in the successful integration of Legion with the Company.




The integration of the two companies is expected to take approximately six months to complete.




Manguard additional consideration

Pursuant to the terms of the agreement by which SectorGuard acquired Manguard plc from Mark Higgins in 2008, additional cash consideration is payable in 2009 and 2010 dependant on the Manguard business achieving certain levels of turnover and gross profit.




The independent directors of SectorGuard have determined that at least £1.3 million of the maximum £1.5 million of the first year additional payment will become due to Mr Higgins.




The Company has agreed with Mark Higgins that the additional consideration due in 2009 shall be converted into loan notes on broadly the same terms as those relating to the Loan mentioned above save that the Loan Notes become due and payable in cash on the later of 1 September 2010 and 3 months from the date of issue of the relevant Loan Notes. In consideration for Mark Higgins taking the Loan Notes, the Company has agreed to issue £1m of the Loan Notes earlier than the corresponding amount of additional cash consideration that would otherwise be due on 4 May 2009.




Furthermore, the Loan Notes may be repaid at any time by agreement between the Company and Mark Higgins, if repayment is made by the issue of shares in the Company. The issue price of such shares will be 1p per share.




It is the intention of the Company to call a General Meeting of the Company shortly to increase (if appropriate) the authorised share capital of the Company, to authorise the directors to allot relevant securities pursuant to section 80 Companies Act 1985 and to disapply pre-emption rights in so far as may be necessary to allow the Company to satisfy all or part of the Loan and/or the Loan Notes by the issue of new ordinary shares in the Company and in order to restore the headroom in the number of shares available for issue.




Each of the Loan, the issue of the Loan Notes and the early payment of the additional consideration referred to above are related party transactions pursuant to the AIM Rules. The independent directors of SectorGuard, Stephen Thomas and Charlie Cleverly, having consulted with Seymour Pierce, consider that the terms of the Loan Notes and the early payment of the additional consideration are fair and reasonable insofar as shareholders are concerned.




Application will be made for the admission of 197,925,400 new ordinary shares to trading on AIM and admission is expected to occur on 16 March 2009. Following admission, SectorGuard will have 593,776,248 ordinary shares in issue each carrying one voting right.
Posted at 23/4/2008 09:38 by paulcaine2003a
Caledoniaman1 - have already answered your question.

paulcaine2003a - 16 Apr'08 - 00:33 - 1513 of 1520 edit


Caledoniaman1,

sp is only the selling price per share. You have to take into account how many shares there are

e.g.
cmg = share price of 3.125 x 155.96 million shares = Mkt cap of £4.87 million
sgd = share price of 2.375 x 293.35 million shares = Mkt cap of £6.97 million

therefore, sgd may have a cheaper share price but the company is actually worth £2.1 million more.

I have owned shares in CMG, bought about 6p and sold on the way back down at 6p for no profit. I don't particularly like the way the company always gives good trading statements yet fails to deliver a profit. I think SGD is a much better bet even though I don't hold.
Posted at 16/4/2008 00:33 by paulcaine2003a
Caledoniaman1,

sp is only the selling price per share. You have to take into account how many shares there are

e.g.
cmg = share price of 3.125 x 155.96 million shares = Mkt cap of £4.87 million
sgd = share price of 2.375 x 293.35 million shares = Mkt cap of £6.97 million

therefore, sgd may have a cheaper share price but the company is actually worth £2.1 million more.

I have owned shares in CMG, bought about 6p and sold on the way back down at 6p for no profit. I don't particularly like the way the company always gives good trading statements yet fails to deliver a profit. I think SGD is a much better bet even though I don't hold.
Sectorguard share price data is direct from the London Stock Exchange

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