Welcome shandypants2, good to see others seeing the value and potential here.
Amusing that on this quietest of threads with so few posts we should both post at exactly the same time :o)) |
Good to see a £10k buy today cause a 2p uplift (in the spread anyway!) - hopefully indicative of not much stock around.
Merry Xmas to all here. The share price has done pretty well in 2020, up from 66p. I can't see why that shouldn't be repeated at the least in 2022 given the very low P/E multiple, the £5m cash pile, the likelihood of further acquisitions and a wider appreciation of the shift to longer-term contract wins.
CSSG have already said in the prelims outlook they recorded a "positive trading period since year end" and expect "a good first half performance in the Group's next financial year". |
Have bought some based after being alerted to it on V o x market interview.
Solid little company, good cash pile, profitable and dividend paying. A bit unloved but what's not to like. |
Jack Brumby at Stockopedia has picked CSSG as one of his Fast Grower stock tips for 2022 (from around 57 minutes in):
Nice to get some attention, even if most of the discussion is about the shares being illiquid, a microcap etc! At least he does mention the £5m+ cash pile as well as the potential share price upside.... |
At today's AGM all the resolutions were passed:
Unfortunately no Investor Meet for interested investors as so many other PLCs are doing.
And still no update note from WH Ireland since....a very long time. |
Good to see Hybridan Research highlighting the acquisition in its Small Cap round-up - even they're doing more than WH Ireland are doing: |
Does it matter, I am sure CSSG know what they are doing, focus on the important issues like the fact it is not before time they broke new ground away from the south coast. |
got there# |
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![](/p.php?pid=profilepic&user=theglade) so what exactly is the name of the company they acquired?
it is not:
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Hopefully WH Ireland will pull their fingers out and finally issue an updated research note. Perhaps even one with some figures in it (unlike many of their other updates).
Nothing after the results, and nothing yet after today's earnings-enhancing acquisition. I would have expected one to be ready to go first thing this morning after the news. |
they got the name wrong on the RNS
is pleased to announce the acquisition of the entire issued share capital of Safeguard Ltd ("Safeguard") |
Safeguard (N/W) Ltd |
That's a glazing company in Staffordshire :o))
There are loads of companies called Safeguard. Might be a good idea to go with the RNS which would be verified by solicitors, accountants etc etc. |
shome mishtake shureley
SafeGuard Ltd |
A bargain bolt-on acquisition today....
CSSG have paid a maximum £0.61m consideration for a complementary business making £100k EBITDA and bringing with it £100k cash and a £350k freehold property. You can't ask for much better value than that.
Based in the extremely affluent Cheshire area, so no wonder CSSG are confident they can increase its earnings further, and likely quite significantly: |
So no shares traded today and the mm's start the day by dropping the price 1.5p? What's going on? |
Rising again, despite the ex-div last week for the 2p dividend - and with the spread down to a notably small 3p. |
Ex-div. tomorrow likely reason! |
Good to see the share price continuing to edge up to more new recent highs. |
RNS - looks like Miton UK MicroCap Trust plc have been buying keenly as they weren't a major shareholder before. They now have 5.87%, or 875,000 shares: |
New highs now - moved up again after just a £1,500 buy, likely indicating there's not much stock around. |