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
  -0.50 -0.7% 70.50 26,000 15:50:32
Bid Price Offer Price High Price Low Price Open Price
67.00 74.00 73.50 70.50 71.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 32.54 1.21 6.60 10.7 11
Last Trade Time Trade Type Trade Size Trade Price Currency
15:10:20 O 6,000 72.00 GBX

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25/6/202213:13Croma Security Solutions - The Long Story325
07/11/201920:18Croma Group553

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Croma Security Solutions Daily Update: Croma Security Solutions Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker CSSG. The last closing price for Croma Security Solutions was 71p.
Croma Security Solutions Group Plc has a 4 week average price of 70.50p and a 12 week average price of 70.50p.
The 1 year high share price is 93.50p while the 1 year low share price is currently 66p.
There are currently 14,902,142 shares in issue and the average daily traded volume is 8,893 shares. The market capitalisation of Croma Security Solutions Group Plc is £10,506,010.11.
rivaldo: I suspect CSSG can go a long way themselves by consolidating a highly fragmented industry. I've seen it happen so many other times over the years. CSSG simply need to prove that they can do it effectively. With a projected £4m-£5m cash pile at this year end (against an £11.7m m/cap) they certainly have the resources to do so. Once CSSG have bulked up, then will be the time for predators to get interested. The directors own over 30% of the shares, so their interests are aligned with the rest of us in wanting the share price to increase. The top paid director recived £245k last year out of total directros' emols of £748k, which for six directors isn't an unreasonable total imo for a quoted stock of CSSG's size.
rivaldo: A small surge of excitement today with an RNS - quite encouraging that an non-exec has transferred 28,000 shares from his personal holding into his SIPP. This would indicate that he's fairly confident that the share price will be going up, otherwise why bother trying to protect from tax and now being unable to utilise losses for CGT purposes.... Https://
rivaldo: WH Ireland's update states the H1 results are "very commendable" given the pandemic headwinds in the period. No forecasts going forward yet, but they summarise very positively: "WHI view: Our expectation of continued recovery within the Security Systems and Locksmiths business has been borne out, and the division is both larger, with 11 security centres (having added the Manchester centre and made other centre investments), and more broadly based geographically than before. The company flags a good start to the second half, and we view this as October ’21 (important new technology) and January (building on the existing footprint in biometrics). Looking further forward, we continue to see future openings on the back of the growing focus on security in general and CSSG’s skill-sets in particular. CSSG’s growth plans are well-supported in our view by its cash position. We continue to withhold forecasts for CSSG, but note that the Board remains positive on the outlook for the current year."
rivaldo: Pretty good H1 results given the pandemic disruption during the period, and a very bullish outlook statement. CSSG have 28% of their m/cap in the £3.5m cash pile. With almost 3p EPS in H1, which one can very conservatively assume should be doubled in the year, that leaves CSSG on an ex-cash P/E of 10. But with a pandemic-free period of trading in H2, plus the benefit of a full period of the acquisition midway through H1, CSSG should be much more profitable than in H1 to be on an ex-cash P/E of anywhere from only 6 to 8 or so. Particularly as the cash pile should increase back to say £5m given the large increase in receivables at the end of H1 in common with the prior year, which also translated into increased cash at the last year end. The outlook is very confident: "Second half trading has started well and therefore the Board believes the business is well placed to deliver a good a trading performance for the year. Sebastian Morley, Chairman of CSSG, said: "We are pleased to have delivered a good performance amidst a challenging market. Demand from our client base was steady which given the disruption caused by the pandemic was a solid performance. We completed the acquisition of a new security store in Manchester, and we believe we have a good pipeline of further opportunities. Similarly, we see opportunity in technology led areas such as the tie up with Biometric expert Fingo and iLOQ the specialist locks business. Overall, the business is well placed, our balance sheet is strong, our core businesses are profitable and cash generative and we are adding to them with bolt on acquisitions and through partnerships with technology leaders"
km18: ...from last year... Croma Securities Solution Group today issued a trading statement and announced a new partnership with leading Finnish security firm iLOQ. Demand has been strong for the Groups services and EBITDA for the 12 months to June 2021 will be ahead of the guidance of £1.85m given 3 months ago. Improvement has come across all areas of operation. The Company also announced that it is to become the UK strategic partner for iLOQ, a leading Finnish security business. Specialising in locks, iLOQ has developed a new battery free door lock which can be opened by smartphone. Croma will sell, install and maintain iLOQ equipment in the UK. As Sebastian Morley Chairman of CSSG said: “The tie up with iLOQ is particularly interesting as their mobile lock has the potential to be widely adopted, time will tell, but the early signs are good." CSSG is an illiquid, micro-cap and is therefore inherently risky. But topline performance has been solid over the past decade, the company has generated positive net profit in 8 of the past 10 years and management appear to be taking the business in the right direction. Meanwhile, valuation is relatively attractive with PS ratio at 0.4 which is top quartile for the industry. CSSG is certainly worth monitoring if risky, micro-caps are of interest....WealthOracleAM
rivaldo: WH Ireland's update note today concludes as follows: "WHI view: We view the partnership with FinGo as reflecting the company’s strong commitment to new business development and to utilising its technology in the market to the fullest possible degree. This is an innovative deal which will expand the use cases of CSSG’s existing technology (currently most employed within the education and construction sectors) in an area where the company’s investment is already largely complete. We note a strong list of partners for FinGo, including Hitachi and also major card companies such as Mastercard, and anticipate that FinGo’s ongoing development will provide opportunities for CSSG (and vice versa). Beyond this, we see CSSG as progressing, following a positive set of results in October and success with the company’s regional expansion strategy as reflected in M&A in November."
rivaldo: Excellent new partnership announced today with FinGo, a biometric identity authentication and payments platform. Interesting that CSSG choose to highlight the potential as regards COVID: "Over the last 12 months, FinGo has adapted its solutions to integrate with COVID-support services, including secure contact tracing within hospitality settings and verification of employee COVID test results within the care industry. The company is also in talks with policy makers over the use of FinGo and vein ID for vaccine certification." It's also worth noting the impressive company info for FinGo in the RNS: "FinGo is the world's first biometric identity authentication solution, open to everyone and a mission to provide a more secure and inclusive way to navigate the world. FinGo uses unique vein patterns hidden inside a finger to instantly identify and authenticate individuals without the need for cards or devices to be present. Originally payments focused, parent company Sthaler Ltd was founded from a desire to create a cashless experience for festivals and events, with FinGoPay introduced at Festival No 6. Recent awards include Fast Company: Top 10 Europe's Most Innovative Companies, 2020; UK Enterprise Awards: Identity Servicer Product Innovator of the Year, 2020; Syndicate Room: Top 100 Fastest Growing UK Companies 2019; Telegraph: Smart City Innovation Award Industry Innovation of the Year, 2019 and Restaurant TECH Live: Tech Product of the Year, 2018." Https:// Clearly CSSG's share price fell just a couple of pence on Friday due to a few tiny sells on a terrible day on the markets in general - very simple, especially with just 15k shares traded. Bargain time imho.
rivaldo: 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".
rivaldo: Jack Brumby at Stockopedia has picked CSSG as one of his Fast Grower stock tips for 2022 (from around 57 minutes in): Https:// 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....
rivaldo: WH Ireland have issued an update note as follows - no specific forecasts as yet, but hopefully a dividend of at least 2p per share coming soon. It would be great to see that £5.5m cash pile utilised for one or more of those expected and transformational acquisitions..... "Croma Security Solutions (CSSG) – Corporate – Positive update; trading ahead of management expectations and last year Market Cap £10m Share Price 67.5p A positive update from CSSG shows that both Vigilant and the Systems business are trading well, with overall EBITDA set to exceed management expectations in the year to 30 June 2021, coming in at >£1.85m. Notwithstanding one-off business, which was in run-off and which the company has exited since the prior year, and also the fact of FY2021 bearing a bigger burden of lockdown that the previous year, CSSG has still succeeded in lifting EBITDA by 6% YoY (FY2020: £1.75m). It has also succeeded in generating a higher level of profits in the second half (H1 / H2 split: 48% / 52%). Renewed lockdown impacted the company’s locksmiths and systems businesses in particular during its Q2 and Q3 trading quarters (i.e. from December to mid-April). Net cash at £5.5m is well up on the September 2021 number of £3.6m In terms of the divisions, both sides of the business are progressing well. The Vigilant business, which is a market leader in its field, delivering services ranging from guarding by ex-military personnel to front of house in residential and other buildings, is benefiting from the increased need to guard empty premises. We expect this will continue post-pandemic. Its front of house service is continuing to achieve increased market share and is integrated with its security services offering. Beyond this, in the systems division, we also see growth, with entertainment centres increasingly open, and more expected in that realm post the planned 19 July opening of public facilities such as cinemas and theatres. WHI view: It is pleasing to see balanced growth within CSSG, and the response to the pandemic was good, while the company is now responding to new post-pandemic requirements from its clients. The company should prove a beneficiary of increased economic activity and more opportunities both on the systems and the manned guarding fronts. The latter in particular has a strong overall offering to provide to local authority and other clients. We note that the dividend will be resumed and anticipate, without having formal forecasts for CSSG, that it will repeat levels paid in recent years, given the company’s statement that the final dividend will reflect the results it anticipates."
Croma Security Solutions share price data is direct from the London Stock Exchange
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