Croma Grp Share Discussion Threads

[gantenbrink] 01/3/2012 09:37

Looks like I'm locked in here for a bit now but hopefully the end result will be very positive with a much bigger and better company, cross selling opportunities and the clout to negotiate even bigger contracts. Initial fall based on placing news but I think as the dust settles it will begin to rise again and look forward to the future.

[mildred49] 01/3/2012 08:07

going down to 1.2p placing price by looks of things

[27howard] 01/3/2012 08:03

The first thing to do is ignore anything moreforus or topinfo writes, as with CMCP
they will just say it's fabulous, post a chart then dump the stock while ingoring telling people important facts such as high debt, that is probably them dumping now.

[mildred49] 01/3/2012 07:46

This poster has missed out the fact that there are shares being issued to the vendors and for the debt conversion.



moreforus - 1 Mar'12 - 07:14 - 71168 of 71179 edit

CMG ...

The market capitalisation of the Company immediately following the Placing, at the Placing Price, will be approximately GBP10.9 million.

It was 3.3 mill yesterday ...add in 5 mill

= 8.3 mill

looks like it'll go up today (-;

[mildred49] 01/3/2012 07:45

1.2p placing apparently.

6.66m shares to raise £4M

so 60p each and then 50 for 1 consolidation so = 1.2p ?

[ashtree2] 01/3/2012 07:40

Have a look at the website of css total security and click on their client list.Impressive

[topinfo] 01/3/2012 07:31

So thats £2.6 mill short so effectively 1.5p on top of current share price of 1.8p giving 3.3p. Nice eh

[topinfo] 01/3/2012 07:30

Sebastian Morley, CEO of Croma, commented:

"The acquisition of the CSS Group is transformational for Croma Group. This completes the stated ambition of the board to re-focus Croma into a total security services group

[moreforus] 01/3/2012 07:29

PMSL this is excellent news

The market capitalisation of the Company immediately following the Placing, at the Placing Price, will be approximately GBP10.9 million.

It was 3.3 mill yesterday ...add in 5 mill

= 8.3 mill

looks like it'll go up today (-;

[ducatiman] 01/3/2012 07:26

Mawnin s_s, nice to see you here. Do we know the placing price?

[share_shark] 01/3/2012 07:06

Excellent .

[topinfo] 01/3/2012 07:05

Sebastian Morley, CEO of Croma, commented:

"The acquisition of the CSS Group is transformational for Croma Group. This completes the stated ambition of the board to re-focus Croma into a total security services group

[topinfo] 01/3/2012 07:05

Reverse Acquisition and Placing
Print
Alert

TIDMCMG

RNS Number : 4362Y

Croma Group PLC

01 March 2012

Croma Group plc

("Croma" or the "Group")

1 March 2012

Reverse Acquisition of CSS Companies and Notice of General Meeting

Croma Group plc, the AIM listed total security solutions provider, is pleased to announce a further step in the Group's strategy of targeting the facilities service sector as the engine for its future growth with the signing of a sale and purchase agreement ("SPA") on 1 March 2012 to acquire the entire issued share capital of CSS Total Security Limited, CSS Locksmiths Limited and Alarm Bell Company Limited (together the "CSS Companies" or "CSS"), a security services provider based in Southampton (the "Acquisition"). The Group is also pleased to announce that it has completed a conditional placing of new ordinary shares to raise GBP5 million, part of the proceeds of which will be used to fund the Acquisition.

The Acquisition, which will constitute a reverse takeover under the AIM Rules, and the Placing is conditional upon the approval of Croma's shareholders at a general meeting.

Share Consolidation, Loan Note Conversion and Change of Name

The Company is proposing a share consolidation, in the terms of which every 50 ordinary shares of 0.1 pence in the capital of the Company will be consolidated into one ordinary share of 5 pence.

The Company is also proposing to change its name to Croma Security Solutions Group plc to more accurately reflect the trading of the Enlarged Group.

In addition, the Company has agreed with certain loan noteholders that GBP575,000 of loan notes issued by the Company will convert into ordinary shares at the placing price upon Admission.

One effect of the Share Consolidation will be that any shareholder holding fewer than 50 existing ordinary shares of 0.1 pence each at the close of business on 23 March 2012 will not hold any ordinary shares in the Company following the share consolidation becoming effective.

Notice of General Meeting

An admission document, giving details of the proposals and incorporating a notice convening the General Meeting, will be posted to shareholders today. The General Meeting will be held at the offices of Shepherd and Wedderburn LLP at Condor House, 10 St. Paul's Church Yard, London EC4M 8AL, at 10 a.m. on 26 March 2012 (the "General Meeting").

Extracts from the admission document appear below and should be read in conjunction with the full text of the AIM Admission Document which is available to view on the Company's website at www.cromagroup.co.uk with effect from close of business today. References to 'this document' shall be taken to mean the AIM Admission Document. Capitalised terms will have the same meaning as defined in the Admission Document.

Sebastian Morley, CEO of Croma, commented:

"The acquisition of the CSS Group is transformational for Croma Group. This completes the stated ambition of the board to re-focus Croma into a total security services group.

The acquisition brings security personnel, CCTV, intruder and fire systems and access control into an enlarged group targeting the high end security market. The directors believe that the synergies and cross selling opportunities associated with the acquisition will drive growth and increase shareholder value. I am delighted to announce this transaction and to introduce the new board of directors."

For further information visit www.cromagroup.co.uk or contact:

[fenseal3] 28/2/2012 16:14

Something came up today so sold....GLA!!!!

[gantenbrink] 27/2/2012 16:21

I wondered why the price suddenly stalled but seems there was a 500k sell earlier. Shows the MMs needed the stock.

Just had a quick look at the major shareholders on the Croma website and declared holdings seem to account for over 50% of the shares in issue so only about 95 million in free float which perhaps explains why the price moves on modest buy volumes. Again from their website the indication is that interims should be announced at end March so hopefully they will be accompanied by a positive forward looking statement if we haven't had more news beforehand

Net result is still 350k more buys than sells today.

[fenseal3] 27/2/2012 15:25

Hi Gant, nice to hear from you...i've had my eye on these for a while now, so when they gave the last RNS out i thought fantastic this is the type of share i want to be in, i watched for any drop then jumpeed in only 100k @ 1.9p for now but will top up as things progress...GLA!!!

[gantenbrink] 27/2/2012 12:52

Hi Fen - A mutual interest here it seems. I'm not trading much these days although have quite a lot of these as it does seem an exciting company with profits growing plus new and ongoing contracts which make the current share price seem surprisingly low imo. Not a huge number of shares in issue which is attractive too. Hopefully it will start to attract a wider audience as the success continues especially if any more contracts are announced like the one the other day.

[ducatiman] 27/2/2012 12:40

looking strong today, I was surprised it dipped so low after the contact win rns, mms fleecing traders no doubt.

[fenseal3] 27/2/2012 11:43

Good to see all buys today, very positive, over 500k.

[fenseal3] 27/2/2012 09:59

Could be getting walked back up to 3p where it spiked on that news regarding a contract worth 1.5m a year for 5 years, thats 7.5m....they also have lots more in the pipeline seems very cheap at the mo.

[curlly] 27/2/2012 08:16

Good to see a few buys comeing in

[sandbag] 25/2/2012 10:38

There's no RNS on InvestEgate or the LSE so it's definitely an ADVFN glitch.

Sandbag

[rich2006] 25/2/2012 10:36

got to say it is a good job this happened over the weekend.
Lots of other companies have had the same thing happen.

[27howard] 25/2/2012 10:14

Old Rns news repeated for some reason, all on this page, i'm sure moreforus will make the most of the glitch to try and ramp it though which of course is wrong but after what they posted on CMCP it would not surprise me at all.