Croma Security Solutions Dividends - CSSG

Croma Security Solutions Dividends - CSSG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Croma Security Solutions Group Plc CSSG London Ordinary Share GB00B5MJV178 ORD 5P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 65.50 08:00:00
Close Price Low Price High Price Open Price Previous Close
65.50 65.50 65.50 65.50
more quote information »
Industry Sector

Croma Security Solutions CSSG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

rivaldo: WH Ireland today note that the £1.75m EBITDA was well ahead of their £1.6m expectations. They also note that the £4.1m net cash is a very positive outcome given the pandemic, but that this may be partly due to the various pandemic support schemes. In fact, CSSG state today explicitly that "the Group has not considered it necessary to avail itself of the various Coronavirus loan support initiatives available to it, including the Coronavirus Large Business Interruption Loan Scheme". They conclude: "WHI view: as previously flagged, the adoption of IFRS16 changed the face both of the P&L and Balance Sheet. From a trading perspective, and with 84% of its revenues on a 1 month-plus contracted basis, Vigilant remains a strong platform for future wins, and the development of the front of house service is an emerging business driver. New contracts during the period suggest that the model remains robust, and again the company highlights that the year has started well for this activity as well. In a consolidating industry, opportunities are highlighted arising from the pandemic, whose progress remains unpredictable – this seems plausible to us."
rivaldo: Good to see buying here at the full 70p offer - should move quickly on any buying interest at all. Hi EC - as well as CSSG, REAT and PEG I also have some TRMR (I never post there as the thread is a waste of time), so today is even better :o)) PS : have you looked at CLX? It's a new IPO and I've just started a thread.
effortless cool: Nice morning for you, rivaldo; CSSG, REAT, PEG. Well done! Just two from three for me.
rivaldo: Very encouraging results out today - £1.75m EBITDA represents "an uplift on previous guidance representing a better than expected performance by the Group". And CSSG have around £4m net cash to play with - not bad for a £9m m/cap. The increased 1.95p dividend reflects the confidence going forward. As does the outlook, particularly given the two large recent contract wins, stating that "Trading post the year end is progressing well". Shame that the non-cash items (goodwill, depreciation) in the headline profit mask the true core business performance, but most should see through that. The stress on "Potential new acquisition opportunities" hopefully indicates that the cash pile is about to be utilised....
battlebus2: Happy with results, increased dividend and healthy cash balance. Looks like the pandemic may throw up some unusual areas of business. Outlook 👍
masurenguy: Solid set of results ! Croma Security Solutions Group Plc Final Results Resilient Trading Performance: Croma Security Solutions Group plc, the AIM listed total security services provider, announces its final results for the year end ended 30 June 2020. Financial Highlights -- Positive operational and trading response to Covid-19 which has resulted in EBITDA of £1.75m (2019: £1.87m), an uplift on previous guidance representing a better than expected performance by the Group -- Generated revenue of £32.3m (2019: £34.6m) reflecting the temporary retail closures during the period being partially offset by increased demand for manned guarding services -- Reported profit before tax was reduced to £87k (2019: £1.48m) including two non-cash items, an increased depreciation charge of £0.57m under IFRS16 and an impairment charge of GBP0.86m primarily driven by an increase in the Group's cost of capital -- Board's ongoing confidence reflected in an increased final dividend of 1.2p making a total dividend for the year of 1.95p (2019: 1.8p) -- Excellent financial platform with net cash of £4.1m Trading Highlights -- Significant contract wins in the period o £5 million per annum contract effective from June 2020 with leading owner and developer of central London property o £3 million per annum contract commencing 2021, with Savills to manage the security for the Edinburgh St James Centre -- PROception had another strong year and is now fully integrated into the Croma Vigilant offering -- Retail network slowed in-line with Covid-19 restrictions but re-opened in July with trading moving back to normal levels -- Successful execution of our business continuity strategy to manage the disruption caused by Covid-19 Trading Outlook -- Strategy remains focused on creating a national network of Croma Security Centres alongside setting new standards in providing premium guarding services. -- Trading post the year end is progressing well underlining the Group's ability to continue to operate successfully during the Covid-19 crisis -- Potential new acquisition opportunities arising out of the pandemic Sebastian Morley, Chairman of CSSG, said: "We are pleased with the way the Group has responded to the current crisis. The trading performance for the year was resilient and this has continued into the current financial year. Demand for our premium security services has been consistent and while the retail side of our business has naturally dipped this has been partially offset by an increase in manned guarding services. Looking ahead, the Group has high levels of cash reserves, no borrowings and remains well placed to expand its security network with interesting new opportunities arising in our markets as a result of the pandemic."
rivaldo: It's fine for me. Firstly, if CSSG thrive as hoped, then the m/cap will rise a long way from the current very low levels and illiquidity will be the last of any investor's problems - indeed it will only help in terms of exacerbating the share price rise. Secondly, it's not as if you can go and buy large amounts of shares anyway as supply is so tight. Most here will be happy to pick up an initial stake and add as news flow and confidence builds.
rivaldo: Agreed, CSSG do have a strong brand and reputation to protect, but I suspect Morley and Fiorentino know their industry and competitors inside out and would be easily able to distinguish the good from the bad. I'd rather the company was out there utilising its cash pile - in a prudent way of course. And I would rather forego the dividend to achieve higher growth given CSSG's microcap size, but I appreciate others would disagree.
rivaldo: My pleasure EC - note the £1.6m EBITDA indicated for the year just ended, and the record cash pile: "Croma Security Solutions(CSSG)̵1;Corporate– Impact from Covid only “slight”, DPS to be reinstated, a further contract win for VigilantMarket Cap £10.2mShare Price 77.5p Yesterday’s update from CSSG reconfirms the positives highlighted in the company’s trading update on June 8th, notably the slight impact of Covid-19, the strong cash position, and the success of its premium guarding services. On the back of these drivers, the dividend is tobe reinstated at a 0.75p levelfor an interim DPS to be paid on September 4th, and this in itself should serve to reflect the company’s confidence in the outlook. In so doing, the Board is carrying through on its promise to review the original decision to suspend, taken early in lockdown, and paying tribute to the resilience of the business. In addition to the comments on trading and the reinstatement of the dividend, the company has announced a new contract win today, worth £1.3mp.a. and starting ten months into the current financial year (year to end June ’21). The contract is to manage the security at the Edinburgh St James centre –a prestigious award which saw a high level of competition, according to the company, and which will include CSSG’sfront of house security service for offices which the company has developedin recent times. WHI view: The typical H1 weighting of the business is present in 2019 / 20, in which the company has indicated that it expected to make £1.6m EBTIDA or more. With some one-off business concluding during the year, this remains a strong number, particularly against the Covid backdrop, which had some impact on CSSG’s retail businesses.The contract win is encouraging as displaying CSSG’s ability to win against strong competition, and the record levels of cash highlighted are also a real positive for the company in the current environment."
effortless cool: 0.75p interim dividend reinstated and a new 3-year contract producing £1.3m p.a.
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