Croma Security Solutions Share Discussion Threads

[34simon] 15/3/2013 08:21

:-))

That's exactly what I was thinking when I looked over there, they certainly have
no shame or honesty but then we have topinfo and his crowd over here doing the same.

[pilkersa] 15/3/2013 08:19

They are pretty average but the boys on the LSE have been pumping this constantly.

[34simon] 15/3/2013 08:17

Strange people chasing this up on those results, I thought they were average
next to the market cap.

[m111kax] 15/3/2013 07:46

RNS


CROMA SECURITY SOLUTIONS GROUP PLC
(LON: CSSG)

INTERIM RESULTS
FOR THE SIX MONTHS TO 31 December 2012

CROMA SECURITY SOLUTIONS GROUP PLC ("the Group"), the AIM listed total security services provider, announces its interim results for the six months to 31 December 2012.

HIGHLIGHTS

· Revenue up 57% to £6.78m (H1 2011: £4.32m)
· Gross profit £1.75m (H1 2011: £0.82m)
· EBITDA £0.28m (H1 2011: £0.14m)
· Net assets at £8.47m with net cash positive at £0.16m

[pugugly] 14/3/2013 11:30

NAV very largely GOODWILL (how much is it worth very little imo in a fire sale) from last accounts Goodwill 5,866,961, Other Intangible 1,621,304 so a massive negative NTAV.

Assuming I have done the sums right - Can anyone double chek me please.

Was intersted after today's share price fall and revenue figures but still need to be convinced on the turnround story - If Ireland right on estimate for 2013 of EPS of 2.28p and pretax profit of £440K then interesting.

Any update possible from those who have followed the company for longer?

[2phildove] 13/3/2013 10:05

so few shares in issue here and just look at the spikes when good news comes. You ofter talk of 100% in days. possibly the same here. I have invested this AM at lower prices by only £5k

[knigel] 12/3/2013 19:14

Don't worry, some of us have noticed this share (with its 59p nav) on another thread so the rot might now stop...

[johnstonp] 12/3/2013 12:51

sharp fall
dunno why tho

[yf23_1] 12/3/2013 12:10

Your mnoney - their pockets.

[sammy_smith] 17/12/2012 10:41

Croma Security Solutions Group - Preliminary results presentation for the year to 30 June 2012
Click the link to watch;

[rich2006] 27/10/2012 23:41

Results estimated date according to website is 1st Nov
So might get them next week but...................

[ceohunter] 24/9/2012 11:37

Stocktube video - Croma Security Solutions provides a unique one stop shop to UK security market

Sebastian Morley, former Black Watch and Special Forces officer and now Chairman of Croma Security Solutions (LON:CSSG) tells Proactiveinvestors that the newly re-branded company aims to provide a complete security service giving quality companies a quality service, something that he says is "absolutely unique in the UK market". Sebastian says that he wants the company to continue to grow organically based around the military model that the board believes to be in demand.

[britgoneabroad2] 27/7/2012 21:35

Bought 5k at 42.75p today. Time will tell if this is a good entry point.

[rich2006] 20/7/2012 08:12

that would be a no then

[rich2006] 16/7/2012 14:53

Would holders see G4S's problems as a positive for CSSG

[dmhzx] 28/6/2012 07:24

I did try to warn you that these would drop after consolidation. I can't recall a share that hasn't (including RBS).
A consolidation is a sure sign that the management have lost the plot, and have no idea what else to do with shareholdrs money.

as to the letter from sebastian above:

What made him think that CSSg would be one of the exceptions to the post consolidation rule (the company advisors needing some cash?). And he now has today and tomorrow to get the "FIRST projection out before the end of June": Although to be fair he didn't say what year.

Pleased to see that the board thinks it is working effectively, but surprised that this should be newsworthy (I'm very pleased to report that I appear to be doing what I'm paid for effectively) -- He must be lining up for a bonus.

As for management buy outs, it they though it was worthwhile they could legally stael it. - And the consolidation has made that a lot easier.

still the raft of new contract wins will brighten up the summer.

[daisymax] 18/6/2012 15:03

Very quick to take price down by pence but only put it up on good news by half a pence.

[edcrane] 12/6/2012 13:24

Received from Sebastien Finch today ... thought it made interesting and reassuring reading ....


I thought I'd update you on the progress at CSSG since our completion.
The new board is working effectively. Roberto is a deeply commercial CEO and has gripped the integration the old and new businesses. One of the fundamentals of the transaction is the sale of CSS systems to CSS Vigilant clients and this is happening.
We are in substantive talks with all of our guarding clients to transfer their CCTV, intruder/fire and access control systems to CSSG. Our first sales have been the maintenance contracts which will lead to new systems when capex is available. There will be no overhead increase on this new business so the operational gearing is attractive.
We have won new business with the MOD, the NHS and COLAS. The latter was for an innovative road safety vehicle borne surveillance system. We are now in significant talks with the Highways Agency to roll it out to their vehicles.
We are confident that we will be announcing significant contract wins through the summer.
The new group is marketed as CSSG with a new website launched www.cssgroupplc.com
We are effecting cost savings in the administration and finance functions of all group businesses. The finance function will move to be co located with Roberto in Southampton.
We have changed broker to WH Ireland our new NOMAD being Adrian Hadden. He has an excellent track record.
We will be putting out our first projections by the end of June.
The key year and measure for us is 30 June 2012-2013. This will demonstrate the logic behind our new group and the path for the 5 year plan that Roberto and I marketed in our roadshow.
The consolidation of our share price has not been a qualified success with the price drifting on small volumes of stock being traded by private investors. Directors have been consistently buying into this weakness. It has been disheartening to see to see the stock drift but as some of our institutions have said, deliver the business, let the market see what you are doing and the price will look after itself. This is our unwavering plan.
Buying additional stock and supporting the price would be helpful but I appreciate that many institutions have stated they are treating this as a "listed private equity" investment with a timescale.
If you would like any further update, please do not hesitate to contact me.
In any case, I will update you further in short order.
Regards
Sebastian

[daisymax] 12/6/2012 10:32

Down yet again and not just by .1 or .2p someone wants to buy this company and they are probably shorting to get the mm's to drop the price.
What are the management doing about it?
This is disgracefull.

[dvsfm] 07/6/2012 16:14

i think they waited for an oppotune time. I did think that a management buy out could be on the cards, but I do believe they prefer a listing, the volume of sales is pitiful. CSSG is not alone in the drop, just a shame we cant seem to maintain any share price stability