Share Name Share Symbol Market Type Share ISIN Share Description
Croma Security Solutions Group Plc LSE:CSSG London Ordinary Share GB00B5MJV178 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -3.29% 73.50 70.00 77.00 76.00 72.50 76.00 8,069 14:15:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 34.6 1.4 7.8 9.4 11

Croma Security Solutions Share Discussion Threads

Showing 576 to 596 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
NX Director buy @69.5p.
There are some very sick people around, could proception be a way forward for all hotels to try to prevent this sort of thing happening in future. htTps://
Was just trying to compare against WSG but these seem to be in a different league despite having a much lower market cap.
Should be rated on a higher valuation, strong balance sheet, strong reputation, and good leadership, and more importantly profits are consistent. Profits can be lumpy, this is a manpower business, but security is a pretty important industry, and this company with its emphasis on ex-servicemen with professional attitudes should be respected!
If there is a sell order one thing that would help to fill it would be the company announcing dividends starting back up.
So there is a buyer collecting 5k at a time. Buy be a sell order in the system so when that gets filled the price should move. Interesting to watch how it pans out.
From the interview it was suggested they may take advantage of other companies inability at the start of the virus. Wonder if this would be via acquisition or are they targeting contracts previously supplied by competitors. Proception also sounds like it could take off particularly in the London high end market.
For sure, the impact from coronavirus has been pretty muted for this company, likely they may benefit in the short/medium term as security still required for vacated properties as much as occupied, and other likely solutions. Reputation growing all the time, and with that renewal of the contract on better terms this should soon be back at a quid. Plenty of cash to support operations and future dividends.
So from the interview does anyone think that dividends will be reinstated on results and if so what figure would you suggest they pay. Bearing in mind they have plenty of cash and cash generative despite the coronavirus.
Some more positive news ! 15 June 2020 CROMA SECURITY SOLUTIONS GROUP PLC Renewal and Uplift to Contact Now Worth £5m Annually Croma Security Solutions Group Plc is very pleased to announce it has been awarded a significantly expanded contract with a leading owner and developer of central London property. Effective from 1 June 2020, the new contract is for a period of one year with a further two year extension and is worth £5m per annum, replacing an existing contract worth £3.6m. The Company is providing a new ground breaking hybrid service combining premium manned guarding services for 27 commercial and residential central London buildings together with front of house services using security trained receptionists. This new style of front of house service has been developed internally under the brand Croma PROception. It is transforming the modern reception desk and setting new standards for the way front of house security is performed.
A great announcement this morning. CSSG appears to have "had a good pandemic". EBITDA to end-June will be "at least £1.6m". By my reckoning, that equates to c.£770k+ net profit, as opposed to the £910k that I was expecting pre-COVID. It also seems that the interim dividend, which was suspended, is likely to be reinstated.
effortless cool
Signs of life, at last.
effortless cool
Why such a drop when only 15500 shares have been traded. Doesn't make sense even though the dividend has been cancelled. MM's trying to make money me thinks!
This is a tricky one. Accurate revenue forecasts underpin my valuation, and I overestimated H1 revenue by £1.6m; not very good. After normalising for this, more encouragingly, all my other financial statement forecasts were broadly correct, except payables and receivables, which were both about £1.2m above my modelled projection. Croma Vigilant generates most of the revenue. The interim report is hard to interpret here. "Contracted sales [were] at a similar level to the prior year", meaning, most likely, they were slightly down. Clearly non-contracted business (project work?) was by implication down much more significantly. However, with 79% of Vigilant's revenue now contracted for one year or more, we have pretty good visibility of revenue here going forward. The PROception concept seems to offer good growth prospects too. Croma Systems and Locksmiths, by contrast, improved revenue by 11% over the prior period. This compares to a 0.1% reduction in the previous full year comparison (3.5% increase if you exclude Biometrics, which looks a dead duck to me) and 8.4% the year before (9.6% excluding Biometrics). This acceleration in growth is hugely encouraging, especially when you factor in that this division delivers a much higher gross margin (c. 3x) than Vigilant. I look at recent flaccidity in revenues reflects a catching up on the extraordinary accleration in 2018, which came mainly from Vigilant and was project driven. To put this into perspective, revenue growth in for the 2016 year was 20.2%, 2017 was 15.9%, 2018 was 59.2% and 2019 was -1.5%. 2020 H1 is -3.5%. Although the three most recent periods look disappointing as project revenue has fallen back, the compound average growth rate over those 4.5 years is a highly respectable 16.8%. For my projections, I have assumed 5% future growth, which I hope will prove prudent. My valuation on this basis is 105.7p, 28% higher than the current price. This is based on an adjusted PE ratio set at 80% of the market average prospective ratio, and thus reflects a downwards adjustment due to the recent sharp fall in the market. Stress testing this by assuming flat revenues but administrative expenses unchanged (reverse operational gearing) gives a valuation of 76.2p, indicating that downside is limited. An upside test, assuming 10% growth in revenues but holding operational expenses at the base case level, gives a value of 135.8p per share, demonstrating the potential for upside surprises. The problem now is that we are likely to have a long wait for any more information. There are no broker forecasts in the market and there is typically one erratically timed trading statement each year, so there is quite possibly no news to come until the finals. this is reflected in the 80% multiple I have applied to the market average PE ratio, when a profitable business with secure cashflows like this would normally command a higher multiple.
effortless cool
There was one on 18 February last year because they were trading ahead of (internal) expectations. I suspect we will only get one this year if trading is out of line, one way or another, with internal expectations. Of course, we have no knowledge of internal expectations and there is no broker coverage, so there are no market expectations either. Frustrating.
effortless cool
Trading statement must be due imminently here
Interesting business - a niche operator in the very fragmented security sector, which is a growing market, particularly with the overstretch in current police resources. Three main divisions with a couple of embryonic concepts. Regionally based in Hampshire but with the potential to expand into national coverage in due course. Very good investment summary from EC above. The 3 main divisions are: Vigilant: Largest division - Sales of £28.5m (82.3%) and operating profit of £1.4m. Security Systems: - Sales of £2.70m (7.8%) and operating profit of £0.34m. Locksmiths: - Sales of £3.42m (9.8%) and operating profit of £0.48m. In addition, two other nascent divisions, Biometrics and PROception, provide further avenues of growth especially with the synergy that they provide with existing trading operations. Very thinly traded with an average daily volume of circa 6K shares. A total of 14.9m shares in issue and at the current price it has a market cap of just under £14m. Next trading update due in late February. Major Shareholders Hargreave Hale Ltd: 1,816,000: 12.2% Liontrust Investment Partners: 1,156,411: 7.76% Artemis Investment Management: 970,588: 6.51% Maven Capital Partne: 302,488: 2.03% Also the Chairman, Sebastian Morley, holds 575,000 shares or 3.86%. Onto my Watchlist !
E C thank you for the write up
I have a small holding so thanks for setting this up.
New thread for those few of us that are interested.
effortless cool
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
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