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SGD Snowline Gold Corp

5.26
-0.18 (-3.31%)
28 Nov 2024 - Closed
Delayed by 15 minutes
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

Trading Statement

01/10/2003 8:01am

UK Regulatory


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
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