Sectorguard Share Discussion Threads

[chapman123] 03/4/2006 13:15

nasty iold spread again 4-4.75 this mm wont be on my xmas card list

[shiningstar] 03/4/2006 12:14

back down to earth

[chapman123] 03/4/2006 09:04

nice rise today and good volume at least it will get some exposure thru RHPS
shame the big spread holds this back anyone got details of their target for SGD

also article in shares mag a week or so ago saying no reason why it was below 5p with recent takeover of one of rentokils units at 23x earnings

[kathmi] 02/4/2006 19:34

so hot you get scalded

[janus62] 01/4/2006 15:37

Red Hot Penny Shares I believe!

[ponty] 01/4/2006 15:33

that looks good,hope it gets wide sirculation
who is RHPS

[cestnous] 01/4/2006 14:55

Jut been put into RHPS portfolio. Expect a rise on Monday. Unfort. I do not hold.

[potente] 01/4/2006 14:09

Topnotch! won´t regret this pro news...

[mirandaj] 01/4/2006 13:59

"The licensing of Security Officers under the Private Security Industry Act 2001 will raise the industry standards

The licensing of security officers under the Private Security Industry Act 2001 came into force on Monday 20th March. This new act could cause pandemonium within the industry as the Security Industry Authority (SIA) which grants the licences, said that only 45,000 of the estimated 120,000 security staff were expected to have their licences on time.

Much has been said about the licensing of security officers, most of this has been tinged with negative criticism ranging from one end of the spectrum where the comments decry the need for regulation at all to the other end of the spectrum where the complaint is "too little too late".

David Marks, the Chief Executive of SectorGuard plc commented: "I feel it is time to put the record straight, recognise the achievements to date and look forward to further advances. Firstly let's consider the benefits of licensing. In its current form licensing will have created:

* A standardised minimum level of training. Whilst the top 25 companies have probably trained their security staff to a level they consider appropriate, and in some cases a higher level than that required for licensing, there has previously been no mandatory requirement to train security officers. This has meant that a number of smaller firms may not have invested in training their staff, and clients will be unaware of the possible variable level of training within a team of security officers deployed on their sites. The training is now examined by third parties, which not only adds to the credibility of the training, but also acts as a safeguard to maintain standards.

* Criminality checks. Except in certain circumstances criminality check are rarely prescribed by clients and they are not a requirement of BS7858:2004, the British Standard for vetting personnel employed in a security environment. The new act offers verification that a candidate is a fit and proper person to be employed as a security officer.

* Proof of identity. This is another enhancement of BS7858:2004. One weakness of this standard is the minimal burden of proof of identity by comparison to say the requirements for money laundering purposes. Whilst the top 25 companies may well exceed the requirements of BS7858 in carrying out their vetting of employees, licensing now requires this for all firms.

The imposition of these three aspects of training and vetting security officers has raised the bar for anyone wishing to enter this industry and in the cold light of day few people should feel comfortable arguing that they are excessive or a major imposition. As the managing director of a company that complies with relevant British Standards and has trained its security officers as a matter of course, I am pleased to see this more professional approach being imposed on all companies with a view to raising the base standards for the industry.

They say there is no gain without pain and there has been significant expenditure for all security companies on re-training and re-examining existing employees and on the major administration exercise of completing and submitting licence application forms. So I think as each security company reaches its goal of 100% licensed staff they should take stock of their achievement.

However, having set these new minimum standards, it is now important to drive these standards up and create an industry we can be proud of. The vehicle established to deliver these improvements is the SIA's Approved Contractor Scheme ("ACS"). Companies who achieve this ACS status will be audited against a new quality standard. Following the recent regulatory impact assessment the entry requirements and initial standards have been set at a level which is fairly consistent with the current industry specific British Standards as well as focussing on other areas such corporate and social responsibility. The scheme has been drafted in a way that does not preclude small companies from achieving ACS status and also allows for the standards to be raised by lifting the required benchmark.

Once the impact of licensing on staff availability and service provision has been appreciated by security providers and clients alike, industry representatives should sit down with the SIA to ensure that the standards are raised in an appropriate manner and to an achievable timetable."

[swwikmi] 22/3/2006 17:28

consolidation 1 for 10 would take the company out of the "penny punt" bracket and may then be taken more notice of - the spread would not be 10% plus either

[huntie2] 21/3/2006 08:57

The 40000 sell @ 4.15 is actually a buy, just shows how ridiculous the 4/4.5 spread is!

[arion] 16/3/2006 10:24

A piece in the Times this morning reports the SIA as saying that only 45,000 out of an estimated 120,000 security guards in the industry are expected to have licences by Monday, and that the industry could be thrown into chaos.

Companies that employ unlicenced guards could invalidate their insurance policies.

Full article :



No wonder the share price is on the way up at last.

[skyship] 16/3/2006 08:41

chapman - agreed, a share consolidation (obviously not a split!) could well be a good idea. As to the spread though, if you trade online it can usually be significantly reduced.

dubois - no matter, the wider world can see from the UKREG statements what the real position is/was

Nice to see 4p bid again......could this be the final break through the 4p resistance......

[dubois] 16/3/2006 08:14

Skyship

I can only go on what has been published and available to the world.
If it is wrong then it is up to them to correct.



SectorGuard says all officers licensed, well-placed for new business

LONDON (AFX) - SectorGuard PLC said it is well placed to pitch for significant new contracts after declaring that all its security officers are now licensed ahead of the March 20 2006 compulsory licensing deadline set down by the Security Industry Authority.
David Marks chairman of the AIM-listed total security solutions group said
at today's annual general meeting: "We have made considerable progress in the
year and I believe that we now have the correct foundation, structure and
business model to become a leading total security solutions provider. We have
been expanding both the geographical spread of the business and range of
products and services which we will continue to do.
"Growth remains steady, achieved through both acquisitions, of which we
completed four last year, and organically, where we have won new business in key
target areas. To reflect this performance and growth, shareholders were rewarded
for their support, announced at the time of our results in December, by the
doubling of the dividend to 0.1 pence per share.
[e-mail]
bam

[chapman123] 15/3/2006 21:21

im positive for once with sgd but many of us paid near 5p than 4p and the spread is a killer need a share split soon

[dubois] 14/3/2006 15:16

I will check

[skyship] 12/3/2006 11:05

I missed this last week - Rentokil seemed to get a good price for their Initial Security Division:

[skyship] 12/3/2006 10:43

dubois - I believe you may not have noticed that the AFX RNS text differs from the actual AGM quote. On 16/02 they did NOT announce that all Security Officers were licenced. Re-read all the news release statements and the AGM statement and you will see that SGD did not mislead at all. They are not to blame for a text mistake by AFX.

Incidentally the chart for SGD looks decidedly promising; and though I expect a sell-off for the wider Market, I think SGD will soon break through the 4p resistance and start a rapid rerating.

[dubois] 10/3/2006 11:14

There is no excuse for not telling the truth!!

Their credibility goes out the window

[jhan66] 08/3/2006 09:38

Nothing sinister here, just headcount churn & general logistics.
this can only be positive news & a help to securing new contracts, especially in those sectors so beloved of red-tape

[dubois] 08/3/2006 08:14

Be carefull!!!!!!!!!!

On 16/02 they announced that ALL Security Officers were licenced
On 27/02 they announced that 94% of their Security Officers had made applications (and applications take three or four months to process).

Both announcments cannot be true

[janus62] 08/3/2006 07:25

ectorGuard PLC
08 March 2006


SectorGuard Plc / Ticker: SGD / Index: AIM / Sector: Support Services

8 March 2006

SectorGuard Plc ('SectorGuard' or 'the Company')
Approved Status re Private Security Industry Act


SectorGuard Plc, the AIM listed total security solutions group, has received
notification from the Security Industry Authority ('SIA') that it has met the
eligibility requirements and is one of the first companies to have been accepted
within the Approved Contractor Scheme ('ACS') for the private security industry
which will be launched on 20 March 2006.

As an Approved Contractor, SectorGuard will be subjected to a quality audit to
ensure it maintains the standards set down within the ACS. One key benefit of
being a member of the ACS is that SectorGuard will be able to deploy security
officers who have successfully completed their training and applied for their
licence, but have yet to have formally received their licence. This will allow
SectorGuard to respond more rapidly to the changing requirements of its clients.


SectorGuard CEO David Marks said: 'The ACS represents a new era for the private
security industry, and one which sees the tightening of regulations which should
benefit those security companies that place the necessary focus on compliance
and professionalism. This is an extremely important scheme, so I am delighted
that SectorGuard is one of the first companies to be accredited with the
approved contractor status. Not only will it enable our clients to gauge the
quality of services available, but it will also increase public confidence in
the private security industry as a whole.'


* * ENDS * *


Contacts:

David Marks SectorGuard Plc Tel: [phone]
Mob: [phone]

Hugo de Salis/Isabel Crossley St Brides Media Tel: [phone]

[rocketron57] 27/2/2006 20:08

SectorGuard PLC
27 February 2006

SectorGuard Plc / Ticker: SGD / Index: AIM / Sector: Support Services

27 February 2006

SectorGuard Plc ('SectorGuard' or 'the Company')

Update re Private Security Industry Act



SectorGuard Plc, the AIM listed total security solutions group, is pleased to
announce an update with regards to the licensing of Security Officers under the
Private Security Industry Act.



On Thursday 16 February 2006 the Home Office Minister, Paul Goggins, announced
further details of the Security Industry Authority ('SIA') Approved Contractor
Scheme ('ACS') for the private security industry. He stated that the purpose of
the scheme is 'to protect the public by raising and maintaining performance
standards within the private security industry'.



The SIA began accepting applications for this scheme from 16 February with a
view to processing these applications in time for the 20 March deadline for
licensing of Security Officers under the Private Security Industry Act. A
benefit of being accredited with the ACS standard is that companies will be able
to deploy, under certain circumstances, new officers who have completed their
training, have had their completed licence application form accepted by the SIA,
but who have not yet received their licence.



The directors are pleased to announce that SectorGuard has submitted its ACS
application form, having spent the last nine months preparing for the 20 March
licensing impact date, including the re-training of its whole security officer
workforce. The directors are confident that SectorGuard will be successful in
its application and are pleased that the Company is at the vanguard of this new
era for the private security industry.



SectorGuard CEO David Marks said: 'I would like to take this opportunity of
providing greater detail to our AGM statement last week. Due to staff turnover,
whether arising from the award of new contracts or simply recruiting new
security officers, there will always be new members of staff who will require
training and licensing, therefore the licence status of our staff is constantly
moving.



'As at today's date SectorGuard has submitted licence applications for 94% of
its staff and the majority of these have already been awarded licences. As a
result I am pleased to state that the SIA Compliance and Investigation Team has
confirmed that we meet the compliance criteria for the ACS.'



* * ENDS * *

Contacts:

David Marks SectorGuard Plc Tel: [phone]
Mob: [phone]

Hugo de Salis/Isabel Crossley St Brides Media Tel: [phone]


This information is provided by RNS
The company news service from the London Stock Exchange

[zljcis3] 27/2/2006 14:05

Sorry about the way the figures have appeared.
They were nicely laid out in a legible way - honest.
Seems to go to pot when message is posted.