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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 86.00 | 100 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 83.00 | 89.00 | 86.00 | 86.00 | 86.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Srch,det,nav,guid,aero Sys | 8.74M | 543k | 0.0395 | 21.77 | 11.81M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:29:52 | O | 100 | 86.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 08/5/2025 | 15:55 | UK RNS | Croma Security Solutions Group PLC Director/PCA Dealings |
| 25/4/2025 | 18:10 | UK RNS | Croma Security Solutions Group PLC Director/PDMR Shareholding |
| 01/4/2025 | 07:00 | UK RNS | Croma Security Solutions Group PLC Acquisition |
| 06/3/2025 | 07:00 | UK RNS | Croma Security Solutions Group PLC Grant of Options |
| 24/2/2025 | 11:38 | ALNC |  Croma Security hails strategic focus as it reports interim growth |
| 24/2/2025 | 07:00 | UK RNS | Croma Security Solutions Group PLC Half-year Report |
| 19/2/2025 | 07:00 | UK RNS | Croma Security Solutions Group PLC Notice of Results and Investor.. |
| 03/2/2025 | 12:57 | ALNC | Croma Security Solutions acquires Leeds-based locksmith business |
| 03/2/2025 | 07:00 | UK RNS | Croma Security Solutions Group PLC Acquisition |
| 20/1/2025 | 09:32 | ALNC | Croma Security Solutions firmly on-track amid strong organic growth |
Croma Security Solutions (CSSG) Share Charts1 Year Croma Security Solutions Chart |
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1 Month Croma Security Solutions Chart |
Intraday Croma Security Solutions Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/5/2025 | 07:47 | Croma Security Solutions - The Long Story | 510 |
| 07/11/2019 | 20:18 | Croma Group | 553 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:29:53 | 86.00 | 100 | 86.00 | O |
| Top Posts |
|---|
Posted at 23/5/2025 09:20 by Croma Security Solutions Daily Update Croma Security Solutions Group Plc is listed in the Srch,det,nav,guid,aero Sys sector of the London Stock Exchange with ticker CSSG. The last closing price for Croma Security Solutions was 86p.Croma Security Solutions currently has 13,729,720 shares in issue. The market capitalisation of Croma Security Solutions is £11,807,559. Croma Security Solutions has a price to earnings ratio (PE ratio) of 21.77. This morning CSSG shares opened at 86p |
Posted at 09/5/2025 07:47 by supernumerary They also move the price around a bit in the hope of getting some interest either way from small punters - anything to make a turn :¬) |
Posted at 09/5/2025 07:23 by rivaldo Encouraging news - the CEO has transferred almost £50,000 of shares held by him into his and his wife's ISAs at 82p. A sensible move to protect future gains from CGT.He did the same thing last October - on a much larger scale for £332,000 - at 67.5p, so that was a good precursor of things to come for the now 83p share price: Daisymax1, CSSG is a microcap stock so rather illiquid at times - if the MMs want to acquire stock or don't want to hold stock then the share price will move up or down disproportionately to trade volumes. It's just something you have to accept with microcaps and look at as opportunities if the company is good value. |
Posted at 10/4/2025 14:37 by rivaldo :o))CSSG are likely a bit of a safe haven - uncertainty and volatility are good for their business, and rising shoplifting and Martyn's Law should both help further. |
Posted at 01/4/2025 07:39 by rivaldo :o))Another acquisition - good value if small at first look, given £40k PBT on £200k consideration. But (a) with £675k revenues there's room for improvement on margins and (2) the closure of the existing Peterborough store will bring synergies and savings. Owning the major security centre in Cambridgeshire looks like a good strategic move: |
Posted at 13/3/2025 10:25 by rivaldo Good solid H1 results whilst I was on hols. With H1 £0.46m PBT plus one acquisition already made in H2, CSSG are in a good position (even with NI and NMW rises) to at least meet Zeus's forecast of £0.92m PBT for the year.Zeus have 100p fair value - which excludes further upside from the "strong" acquisition pipeline - and summarise as follows: "Interims in line; healthy acquisition pipeline Interims results from Croma this morning illustrate a solid period of trading, with 8% revenue growth driven both by organic and acquisition-led expansion, leading to 26% growth at the PBT level YoY. Following the company’s divestment of Vigilant in 2023, proceeds of ca. £4m received to date contributed to a strong net cash position of £4.2m at the period end, with £2.5m of deferred payments remaining due, supporting the company’s ongoing retail locksmiths rollup strategy. On this score, we view reports of a “strong pipeline” of acquisitions as highly encouraging, with Management anticipating further completions within FY25 (y/e 30 June 2025). Our forecasts, which we leave unchanged this morning, are premised on organic growth only, with future acquisitions likely to contribute to further long term earnings growth in due course. With solid underlying trading and a sizeable opportunity in the UK for further rollups, our fair value remains at 100p." "Zeus view: Today’s results reflect a solid period for the group, with robust underlying performance against a challenging market, and the benefits of the Vigilant disposal reflected in a strong net cash balance. Long term growth in the business is well underpinned by a good pipeline of acquisitions and ample funding, with modest ratings (5.0x FY26 EV/EBITDA) undeserved given the potential for upside following further completions." |
Posted at 21/2/2025 10:26 by mellodaniel Roberto & Teo of CSSG will be joining us for a presentation on our next Mello Monday show at 5pm 24th FebruaryThe full line up is as follows: 5:00pm Stephen Clapham, Behind the Balance Sheet 5:30pm Company Presentation from Croma Security Solutions 6:00pm Company Presentation from Seeen plc 6:30pm Company Presentation from Transense Technologies plc 7pm Trading Update from AdvancedAdvT 7:20pm BASH (Buy, Avoid, Sell, Hold) Panel These are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available; for half price tickets enter the code MMTADVFN50. |
Posted at 03/2/2025 10:42 by rivaldo Extract from Zeus's update this morning FYI:"we believe that the efficiencies that CSSG will generate mean that the full year benefit of the deal will significantly exceed the historic profit which the company has disclosed, leading to our upgrade to EBITDA numbers from £1.2m to £1.3m, with PBT upgraded commensurately. Complementary: Meridian is a multi-faceted business with good momentum in electronic security based on a fully fledged security centre, plus the benefits of locksmiths’ activities. The business is geographically complementary to CSSG’s existing Bury plant, offering crossselling opportunities across the commercial, private and public sectors. Synergistic: Today’s announcement alludes to some of the synergies which are expected to be achieved as Meridian is bolted on to CSSG’s strong existing platform, leading to savings in procurement, centralisation of services and marketing efficiencies. Encouraging growth potential: CSSG’s recent H1 update reflected a good start to the second half and encouraging growth potential organically as well as through the active acquisition programme. Meridian is a well-established business which has become well-embedded with a strong local client base over recent decades and can now contribute to a larger group in particular with opportunities previously denied to it on the basis of size. Speedy earnings enhancement is anticipated by the company in respect of this morning’s announced deal, and we expect further deal-flow in due course." |
Posted at 02/12/2024 10:07 by rivaldo Nice bit of Monday morning buying having a decent effect on the share price. |
Posted at 08/8/2024 09:57 by rivaldo Zeus's 27 page note from 16th May is well worth a read if you can access it. The section on the synergies from acquisitions is particularly interesting and reflects on the potential to grow quickly from the historic £1.06m EBITDA:"Roll-up at low multiples and clear synergies driving attractive ROIs Of the roughly 6,500 locksmith stores operating in the UK (Source: MLA), the vast majority are owner-operated or part of small enterprises of between one and three stores. With a large number of these stores facing succession issues, there are numerous stores available to acquire at highly attractive valuations – CSSG targets multiples ranging from 1-5x to 3x EV/EBITDA – with clear opportunities for synergies on day one to improve margins immediately post-acquisition. Having made a number of acquisitions in recent years (see Table 5 above), CSSG has built up a clear picture of the opportunities, which extend to i) cost savings and ii) sales growth. On the first score, given some inevitable cost duplications, together with a low level of professionalisation in the market as whole (in terms of financial and business management software adoption), the integration of CSSG’s proprietary software systems post-acquisition provides an immediate time/cost saving for small operations. Bulk purchasing rebates/discounts of more than 5% are typical once stores are brought into the group. On top of this, we note significant opportunities for cross-selling to large customers, which could be serviced by multiple stores in the CSSG group. On this basis, we assume a post-acquisition improvement in EBITDA (pre-central costs) margins from ca.8% to 14% once operating within the group. Indicative scenarios Below, we present indicative scenarios to demonstrate the potential impact of the proposed roll-up strategy. With a base case of five acquisitions per year of typical stores with £350k-£500k turnover, we project an ROI in excess of the company’s target 15%, with scope for this to improve with cross-selling, and an EBITDA run rate of £2.4m by FY27E. Indicatively, if the roll-up is slower than anticipated, we expect EBITDA to reach £2.0m by FY27E, if three sites are acquired per year. We project EBITDA of ca.£2.6m by FY26E, if the group could accelerate acquisitions to 10 a year" And the section on valuation, with a 92p current core valuation and an indicative valuation post-acquisitions of 119p: "Valuation The current market valuation of CSSG seems, to us, anomalous, when the accumulating cash deriving from the sale of Vigilant is taken into account. With the company’s market capitalisation currently standing at £9.6m (based on 13.7m shares in issue, Treasury Shares excluded, and a 71p share price), this is well ahead of the £2.1m actual net cash balance at end-FY23; and, indeed, the net cash forecast for FY26 equates to as much as 65% of the current market cap, assuming all payments for Vigilant are received. With this context taken into consideration, we feel on balance that EV/EBITDA is a better guide to value for CSSG at this point than the P/E ratio, while also noting the ex-cash P/E ratio of below 5x. Valuation based on organic growth prospects combined with cash Following this through, we premise our basic valuation for CSSG on our core EBITDA forecast, which is entirely driven by organic growth in the group’s existing businesses. Our forecast for the balance sheet includes the proceeds of the sale of Vigilant, with cash consideration expected to be received over the next approximately three years, bringing net cash at y/e F026E to £6.3m, prospectively. With no directly comparable companies operating in the locksmith and security centre market, we base our valuation on a broad group of operators in the wider security markets (listed in Table 9, below) together with a basket of stocks representing the overall Support Services sector, discounted to allow for size disparities, given the small size of CSSG. Based on a CY25E EV/EBITDA multiple of 5.8x (6.4x peer group average discounted at 10%), we arrive at a current core valuation of 92p (24% upside); noting that, in practice, variables around the reinvestment of the Vigilant proceeds will be a dominant element in the valuation in the future (see p. 15 below). On a final point, we note (a) the capacity for CSSG to operate with minimal net cash, and (b) its ability to borrow against freehold properties (£1.6m, as at June 2023, currently estimated to be ca.£2.0m)." |
Posted at 22/7/2024 11:03 by rivaldo Zeus Capital have summarised today as follows:"Strong cash position for roll-up This morning’s update from CSSG highlights positive trading in FY24E (year to June) together with a healthy cash position following the payment earlier this month of a £1.76m tranche in respect of the Vigilant disposal. CSSG has leading market positions and is increasingly a national player in the fragmented UK locksmiths market / security services / products. Having disposed of its former low-margin manned guarding business for a good price, the company has a real opportunity in our view to mop up the disaggregated UK market for its services, which in turn will enhance earnings and the valuation as increased efficiencies flow through. With now 16 centres, CSSG has already built a strong platform underpinned by efficient proprietary software. Fair value ignoring plans to translate cash into business (acquisition) opportunities is assessed at 92p (30% upside), but these plans do offer significant further upside beyond this in our view." "Well-positioned and a healthy market: With sixteen centres and effective technology, CSSG can capitalise on a security market which shows inherent growth as crime has continued to rise and historic cuts to police budgets remain a drag on crime resolutions. Well-placed to fulfil its core strategy: Sitting on £4m of net cash and with further payments on the way as highlighted above, we view CSSG as very well placed to exploit the consolidation opportunity inherent in the key market in which it operates, security centres for electronic security and locksmiths. It has acquired no fewer than seven sites since November 2022, and sees further M&A-based potential. Valuation positives: With further Vigilant receipts expected, forecast net cash is rising as a proportion of market cap (FY2025E forecast net cash of £6.3m will represent around two thirds of current market cap by the time all the Vigilant receipts are in), our forecasts ignore the company’s earnings enhancing plans, although we do in practice expect to see further deals. Fair value, ignoring these plans, is assessed at 92p (30% upside), but they do offer significant further upside beyond this in our view. See our note of May 16th for detailed commentary on the roll-out potential / potential synergies and an indicative valuation stretching to 119p." |
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