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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Snowline Gold Corp | CSE:SGD | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.18 | -3.31% | 5.26 | 5.22 | 5.29 | 5.26 | 5.26 | 5.26 | 100 | 20:50:01 |
RNS Number:3863Q SectorGuard PLC 01 October 2003 SECTORGUARD PLC ('the Company') TRADING STATEMENT The Directors of SectorGuard Plc, the AIM listed specialist manned security providers, are pleased to announce a trading update relating to the Company's September 30th year-end and highlighting its recent successes and growth strategy. *The Company has continued its successful strategy of combining organic growth with expansion by acquisition and is enjoying strong trading. The increase in the critical mass of the business as well as the benefits we have derived from economies of scale will be reflected in our year end results, which are expected to be published in January. *SectorGuard has developed particular expertise in the education sector and during the course of the year has added Birkbeck College, Brunel University, Henley College, Henley Management College, The School of Oriental and African Studies and University College London to its client list. Longer-term clients include East Berkshire College, Guildford College and Regents College. *The growth in the education sector is in addition to steady growth, particularly through acquisition, in other industry sectors. *SectorGuard has an extensive client base with a strong presence in London and the Home Counties and has extended its geographical coverage to the Midlands and the South Coast of England. The Company will be looking to build on these operations in the coming year. *Since the beginning of the calendar year, SectorGuard has completed and integrated four acquisitions: the manned guarding contracts of Gainsborough Events & Security Services Limited in January; the London division of UK Guarding Services Ltd in March; the manned guarding business of London Alliance Contract Services Ltd in April; and First Response Security Services Limited in June. It is currently in negotiations with a further three potential acquisition targets. *SectorGuard has extensive cash resources available for both working capital and potentially to finance acquisitions. *In an analysis of the top 50 UK manned guarding businesses, financial analyst Plimsoll Publishing Ltd placed SectorGuard 24th in size and 8th in profitability. *SectorGuard believes its continued success is largely due to the efforts of its staff, which now number in excess of 700, and has continued its investment in staff development and training. The Company believes in the value of all employees being stakeholders in the future of the business, and in March this year made a second distribution of share options to all employees. *The Board looks forward to reporting on its progress in greater detail in this year's financial report. * * E N D S * * Issued on behalf of SectorGuard Plc by St Brides Media & Finance Ltd, 46 Bedford Row, London WC1R 4LR Contacts: David Marks SectorGuard Plc Tel: 01279 724 777 Isabel Crossley St Brides Media & Finance Tel: 020 7242 4477 This information is provided by RNS The company news service from the London Stock Exchange END TSTNKKKNFBKDQCN
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