Croma Grp Share Discussion Threads

[yf23_1] 20/9/2011 11:39

had to check back,

I bought 30,000 at 6.5p on 2 feb 2004.

Gosh, is it that long, that's 7 and a half years of reviewing daily trades, what a waste of time.

[crosswire] 20/9/2011 10:47

Security firm Croma's shares march higher

Published Date: 05 August 2011
By PETER RANSCOMBE

SHARES in Croma Group, the Dumfries-based security firm run by former soldiers from the Black Watch, jumped by almost a fifth yesterday after the company unveiled a surprise double-digit rise in turnover.

In a short pre-close update ahead of its full-year results, the firm said growth in the year to 30 June had exceeded the board's expectations, with revenue up 21 per cent to £8.5 million.

Chief executive Sebastian Morley said: "In light of recent significant contract wins, the board is optimistic for the group's prospects in 2012.

"Croma's strong performance in a competitive market has justified the board's decision to refocus Croma as a total security services business. The implementation of this strategy has been accelerated by the joint venture with CSS Total Security."

The update comes just days after the security specialist announced a pair of contracts, worth £1.5m over the next three years, to protect "business leaders, footballers and celebrities" living in gated communities in central London and Surrey.

Aim-quoted Croma will add a further 40 staff to its headcount of 450 to fulfil the contract, won by its Vigilant Security Services subsidiary, which uses only ex-soldiers as security guards.

Croma's joint venture with CSS, which was signed in April, last month yielded the largest contract to date for its Photobase subsidiary, in a £450,000 deal to develop security software.

The firm's shares gained 19 per cent to 1.75p.

[barnsey] 20/9/2011 10:23

Interesting to note that faradayresearch which did the research report on
Croma Group yesterday which got me really interested is totally independent
and are not paid by companies to do this research but are paid by members who
pay £345 +vat per year.

[goodboke] 20/9/2011 09:06

Bought a small holding to begin with 134000 after some research.Seems very good prospects to me.Hope I have not jinxed you lot!

[barnsey] 20/9/2011 08:33

Right if your not in now you should be, off for a shower then breakfast.

[crosswire] 20/9/2011 08:23

Not many shares in issue!!

Market cap looks tooooo lowwwww!

Shares outstanding

189.34m



Free float

116.

Market cap

3.46m

[barnsey] 20/9/2011 08:04

Remember if you are selling good news next week?

Croma, the AIM listed total security services provider today issues the following unaudited trading update.

Growth during the twelve months ended 30 June 2011 has exceeded the Board's expectations. Total revenues for the Group during the year were GBP8.5 million (2010 GBP7.0 million), an increase of 21%.

In light of recent significant contract wins, the Board is optimistic for the Group's prospects in 2012. Croma's strong performance in a competitive market has justified the Board's decision to refocus Croma as a total security services business. The implementation of this strategy has been accelerated by the joint venture with CSS Total Security Limited.

The Group expects to announce full results for the twelve months ended 30 June 2011 during the week commencing 26(th) September.

[goodboke] 20/9/2011 08:03

Thanks Barnsey

[barnsey] 20/9/2011 07:52

Debt paid off after sale of avionics side recently. dyor.

[barnsey] 20/9/2011 07:50

Look who Croma are in bed with?


North America
Sales, Service and Technical Support
HITACHI have appointed Photobase as distributer and front-line technical support provider for the Hitachi H1 Finger Vein Scanner in the USA.
For all USA enquiries, please contact us Toll Free on [phone].

[goodboke] 20/9/2011 07:50

lookng to get into these but worried about the debt levels.Says 3 mill in advfn report?

[barnsey] 20/9/2011 07:44

If you want substance research these websites and be happy your holding.

[truffle] 20/9/2011 07:39

If there is genuine substance to the report referred to above then rather more than 2.5p I would think.

[rich2006] 20/9/2011 07:34

certainly looking strong now.
A close above 2.5p would be good

[truffle] 19/9/2011 19:55

Let's hope you are right.
Maybe it has finally turned the corner - we will presumably get a much clearer idea of how trading is going sometime next week.

[mel_d1] 19/9/2011 17:39

Croma Group PLC ("Croma" or "the Group")



Trading Update (This was issued on 4/8/11)



Croma, the AIM listed total security services provider today issues the following unaudited trading update.



Growth during the twelve months ended 30 June 2011 has exceeded the Board's expectations. Total revenues for the Group during the year were £8.5 million (2010 £7.0 million), an increase of 21%.



In light of recent significant contract wins, the Board is optimistic for the Group's prospects in 2012. Croma's strong performance in a competitive market has justified the Board's decision to refocus Croma as a total security services business. The implementation of this strategy has been accelerated by the joint venture with CSS Total Security Limited.



The Group expects to announce full results for the twelve months ended 30 June 2011 during the week commencing 26th September.

...
So this company is a long term investment stock (though looking at historical posts, 'VERY LONG TERM...!') I am prepared to stay with it till it hits 4p - 5p. And that could be 2012 second half, in my guestimate.

[britgoneabroad2] 19/9/2011 14:59

Let's hope it doesn't start edging down again, over the next few weeks. Sustained breakout required.

[mel_d1] 19/9/2011 13:47

Croma Group, CMG, looks attractive from both Macro and Micro angle. The Macro investor looks at the general state of the economy and asks the question: Will the sector this company is in benefit over the medium term? Well Croma is in Security of premises and much more. It has a software division providing services in this area. With the current level of slow growth in the economy, high umemployments and the like businesses need to shore up their security and survailance.
The Micro investor, known as surveyor (The Macro guys are referred to as geoghraphers. Warren Buffett comes under Surveyor category and George Soros is the Geographer type), the surveyor looks at the numbers on a company, sales, profit, cash flow and the likes, Croma, CMG, in my view is looking better and better in the recent months that I have started looking at it.
Besides, it claims it has outstripped management expectation in this half of the year and the results are out next week, we will see. In my view it has been a buy for sometimes. I went in at 1.35p and 1.9p, I thought I might share my views on this low cap, family-like-run business. But please do your own homework on it. And see if the fundamentals of the company are ok. Only consider it if you are happy with it. I find the London Stock Exchange site and ADVFN sites pretty good for some fact findings. Good luck

[tara7] 19/9/2011 13:29

Rare to buy at the low, i am sure in a year or two you will be rather happy.

Profits will drive this stock higher in my view.