Croma Security Solutions Share Discussion Threads

[bookbroker] 28/2/2021 10:50

Sure, But I suppose if there is one part of the business that has more scope for growth it will be that one.

[masurenguy] 28/2/2021 09:14

Well Locksmiths accounted for less than 10% of overall sales last year so that should not be particularly significant. It all really depends upon how Vigilant performed during the past 6 months.

[bookbroker] 27/2/2021 22:01

I understand that their locksmith business has remained open during recent lockdowns, so hopefully results should be just fine.

[effortless cool] 27/2/2021 18:13

My H1 projections:
Revenue - £17.0m
PTP - £580k
EPS - 3.19p
DPS - 0.83p
Net cash - £3.3m

These were made before the second and third lockdowns and I haven't adjusted them since, so likely err on the optimistic side. I will certainly be both pleased and surprised if they are matched or beaten.

[bookbroker] 27/2/2021 09:58

Can be any time now and end of March, might be some delay as many smaller companies seem to be having later release dates as a result of ongoing Covid 19, and backlog due to home working.

[masurenguy] 26/2/2021 15:54

Interims should be due next week. No financial calendar has been published by the company but the interims were issued on 2 March and 28 February over the past 2 years.

[bookbroker] 05/2/2021 10:47

All on the company website, not much else to see there, their blog could do with an update, posts are pretty old (2 years). Having said that the site is not really there to push the virtues of the company, although they could report more on the state of the security business, particularly after the Manchester bombing, and the fact that Showsec personnel were found to be somewhat inadequate in their appraisal of the situation, irrespective of whether they were truly aware of the potential consequences. Easy to be retrospective after an event. I hope and expect the military element to the staff at Vigilant would have been more proactive in accosting the culprit in a similar situation.

[rivaldo] 05/2/2021 10:34

Cheers bookbroker.

I wonder if there's a big opportunity for the likes of CSSG in guarding/front of house/security for hotels under the just announced UK hotel quarantine plan starting in just over a week?

[bookbroker] 04/2/2021 10:30

Quite a few positions being posted on their website, a few for the upcoming opening of the St. James Development in Edinburgh, the rest in London and provinces. So I hope that shows that business for the Vigilant arm looking fine, with security centres likely exempt from retail restrictions hopefully business chugging along fine.

[rivaldo] 18/1/2021 07:40

Indeed - a nice vote of confidence from such a heavyweight institution, happy to increase their already large stake in this microcap company:

[masurenguy] 18/1/2021 07:20

Canaccord Genuity have recently been a buyer, acquiring 95K shares and raising their stake to 12.25%.

[masurenguy] 11/1/2021 10:48

The directors collectively hold 33.3% of the shares and 3 institutions (declared over the 3% threshold) hold a further 21.8% so there probably is little stock around. There should be a trading update on H1 next month and that could sharply move the shareprice - hopefully in a northerly direction ! 🤞

[rivaldo] 11/1/2021 10:01

Another £2k buy at 70p has raised the price 5.5p.....presumably very little stock around.

[rivaldo] 08/1/2021 14:22

£4k of buys today has pushed the bid price up 4p :o))

That £4.1m and rising cash pile (40% of the m/cap) must be burning a hole in the directors' pockets given the stated intention to make acquisitions.

They said in October the new financial year had started well - the current lockdown won't help, but hopefully it will be relatively short, and CSSG's trading was "resilient" through the first lockdown as evidenced by the final results.

[bookbroker] 30/12/2020 09:37

Be better off as part of a larger organisation when its valuation so sensitive to the smallest of trades!

[masurenguy] 29/12/2020 16:52

Very quiet here. Just over 108,000 shares traded so far in December (in 19 trading sessions) with the shareprice marginally up by 4.7% since the beginning of the month. First half trading period ends tomorrow so we should get a trading update in circa 4 or 5 weeks time prior to the interims being published around the end of February.

[rivaldo] 18/12/2020 14:41

A 7k buy at 70.9p (nicely above the 70p offer price) has moved the price up quickly - perhaps not much stock around?

Good to see the bid price move up 5p to 65p in particular.

[bookbroker] 18/11/2020 16:04

Quite likely Canacord, they are reducing holdings across the board.

[dolittle1] 18/11/2020 14:54

There is a large sell order going through at low 50s. Once that goes through, trading activity will return to normal.

[bookbroker] 17/11/2020 11:52

Up one step, down two seems to be the story here, they could do with good news to change the trend. Get the feeling that Canaccord seems to be slicing its holdings in a good number of smaller companies, the legacy from Hargreaves Hale pursuit of building somewhat material stakes in small company stocks.

[bookbroker] 12/11/2020 16:58

Got to be a significant amount of vacant units now, and prime location for a service business like this not such a huge deal.

[bookbroker] 12/11/2020 16:56

U may be correct, however a good many of locksmiths, are privately owned and may want a get out. Irrespective they could almost open their own standalone stores under their own brand without too onerous a cost.

[dolittle1] 12/11/2020 16:43

Market may not like acquisitions since it will eat the cash balance, which is acting as a safety net for the share price at the moment.

[bookbroker] 12/11/2020 16:04

Looks cheap I agree, ex div today, but I’d like to see this on a higher rating, and some more director buying would not go amiss. Maybe more retail acquisitions would move this along, and some more contract wins.

[bookbroker] 10/11/2020 08:36

When you see the debacle that was the Manchester Arena, and the inability of the security personnel to react to what was a devastating attack on the British public, it’s time that companies such as CSSG were recognised for their expertise in employing ex-armed forces as security staff. Showsec is fine as an attendant at a football game or directing traffic, but you can see how insufficient their training is and the lack of experience their personnel have.