Sectorguard Share Discussion Threads

[caledoniaman1] 14/4/2008 09:05

thanks lecks17 - how do you see this one going in the coming months?

[lecks17] 07/4/2008 20:48

caledoniaman1 emailed david marks and go a reply 40 mill shares to mark higgins(looks like he sold 14 mill to Noble AIM VCT plc) and the money was taken from what was in the piggy bank and increasing the loan term

[caledoniaman1] 25/3/2008 21:14

I am going on holiday for a fortnight tonight. any volunteers to e-mail the company for an ex[lanation?

[marvelman] 25/3/2008 14:58

Obviously went to the bank manager then for the £3.5 million to add to the £1 million they already owe....and at what rate of interest.Now far to much debt and not enough transparency been given in this deal.They will never change it seems. I'm out. Regards to all holders.

[eugene1234] 25/3/2008 13:41

SectorGuard PLC
25 March 2008


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

25 March 2008

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

Completed Acquisition of ManGuard Plc ('ManGuard')


SectorGuard plc, the AIM listed total security solutions group, has, further to
the announcement on 14 March 2008, completed the acquisition of ManGuard for an
initial consideration to be satisfied by the issue of 40 million new ordinary
shares of 0.5p each ('Ordinary Shares') and £3.5 million in cash. The
acquisition is part of the Company's strategy to acquire companies in the manned
guarding arena and increase its position as a leading provider of total security
solutions.


Additionally, as previously announced, Mark Higgins, the vendor of ManGuard, has
been appointed to the Board as an executive director.


Application has been made for the admission of the 40 million New Ordinary
Shares to trading on the AIM market. The New Ordinary Shares will rank pari
passu with the existing Ordinary Shares and dealings in the new Ordinary Shares
are expected to commence on 28 March 2008. Following the admission of the new
Ordinary Shares, the Company's issued share capital will consists of 355,850,848
ordinary shares with voting rights.

[marvelman] 23/3/2008 00:03

Ponty...I had indeed spotted the RNS and didn't need you to post it again. I was referring to the fact that there was no mention of the aquisition on their website which has had no news update since June 07. This is indeed the aquisition I referred to in my previous posts which no one has responded to with an answer or even a suggestion...namely, where is the cash element of this purchase, £3.5 million comming from. I guess they will be telling us themselves soon anyway "The conditions are expected to be satisfied during the
course of the next ten working days, whereupon completion will take place."

[ponty] 22/3/2008 23:42

is this the aquistion you were looking for
SectorGuard Plc / Ticker: SGD / Index: AIM / Sector: Support Services


14th March 2008

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

Expands manned guarding business via acquisition


SectorGuard plc, the AIM listed total security solutions group, announces that
it has conditionally agreed to acquire ManGuard Limited ('ManGuard') for an
initial consideration to be satisfied by the issue of 40 million New Ordinary
Shares and £3.5 million in cash. The acquisition is part of the Company's
strategy to acquire companies in the manned guarding arena and increase its
position as a leading provider of total security solutions. A further amount of
up to a maximum of £3 million may become payable over the next 24 months
depending on certain turnover and other performance criteria being achieved by
the ManGuard business. The conditions are expected to be satisfied during the
course of the next ten working days, whereupon completion will take place.


ManGuard has been trading for seven years and has an extensive client list
across a number of sectors including national health service, education, rail
networks and shopping centres. Clients include the Covent Garden Market
Authority, Network Rail, Nottingham University Hospital and WH Smith. Following
a restructuring programme and significant organic growth, ManGuard is now
trading profitably and is expected to generate gross profit in excess of £2
million for this current financial year. For the 15 month period ending 31 March
2007 it reported a turnover of £11.4 million and a loss before tax of £586,000.
As at 31 March 2007, ManGuard had net liabilities of £482,000.


As part of the transaction, Mark Higgins, the vendor of ManGuard, will join the
Board of SectorGuard as an executive director. He brings extensive experience of
the sector and will assist in the expansion of the Groups offering and client
base.


SectorGuard CEO David Marks said: 'This acquisition is a further step in our
growth strategy aimed at aggressively building our critical mass in the security
arena. The acquisition will also widen the Company's market penetration,
increase its exposure to multi manned sites and places SectorGuard in the top 20
providers of manned guarding solutions. The deal is expected to be highly
earnings enhancing and the Board believe it will significantly impact future
financial performance. I'd like to take this opportunity of welcoming Mark to
the Board and I look forward to working with him, integrating the businesses and
achieving our growth objectives.'


The following information is provided in accordance with Schedule 2 of the AIM
Rules:


Mark Anthony Higgins, aged 44, is, or has been in the past five years, a
director of the following companies:

Current Past
ManGuard Limited Leisure Security Consultants Limited
New Hope Care Limited


Mr. Higgins was a director of Leisure Security Consultants Limited, which was
placed in creditors voluntary liquidation in 2000.


Upon his appointment to the Board of SectorGuard, Mr Higgins will be employed on
a service agreement with a basic salary of £50,000 with a notice period of 3
months.


* * ENDS * *


For further information visit
www.sectorguard.plc.uk
or contact:

David Marks SectorGuard Plc Tel: [phone]
Isabel Crossley St Brides Media & Finance Ltd Tel: [phone]
Jonathan Wright Seymour Pierce Limited Tel: [phone]


Notes

SectorGuard, founded in 1998, supplies total security solutions across the UK.
It has four key divisions

[marvelman] 22/3/2008 13:42

It sounds as if you have done that Buster....can you enlighten us.Their last news update was June 2007 and there is no mention of the current aquisition.

[only1buster] 22/3/2008 11:10

direct your question to the board via the sgd websight - you might get a pleasant surprise

[marvelman] 19/3/2008 14:11

....obviously not then judging by the deafening silence.

[marvelman] 18/3/2008 14:46

"consideration to be satisfied by the issue of 40 million New Ordinary
Shares and £3.5 million in cash"

Anybody have any ideas on where the £3.5 million cash is going to come from. Equal to 50% of the current market cap.

[caledoniaman1] 18/3/2008 14:40

thanks only1buster. June it is then.

[only1buster] 18/3/2008 14:32

300k is a buy - new quote on 100k - 2.3 sell 2.6 buy - holders till final resulls in will prosper IMOP - new company aquired will dilute holdings by 15% (40m new shares) but add 60% to turnover in full year and 1 to 2m to profit

[caledoniaman1] 18/3/2008 14:15

another 300k sale. good news and all sells ! I give up on trying to read any logic into this market.

[only1buster] 14/3/2008 16:38

40m shares for the new purchase plus 8m options which may well be cashed will prove to be a short term brake on the share price - the 30m turnover will alert some preditor IMOP

[substp] 14/3/2008 14:00

Thanks for sharing that Skyship .

[skyship] 14/3/2008 13:54

substp - as I posted just 3 days ago:

"SGD always look cheap but has always disappointed. It is depressing that David Marks seems intent on growing the size of the business but not the EPS - that is the way to larger director's salaries and perks, but poorer shareholders. I sincerely hope he proves me wrong, but I'm no longer sure that he is a man to be trusted."

Have halved my holding. Very pleased that it is at a price 50% higher than last week; but less pleased that it is at a price 33% lower than cost!

[substp] 14/3/2008 10:37

A lot of things would be a better indicator ARGY2 . This RNS doesn't exactly stimulate the trust sensors ... :-)

[argy2] 14/3/2008 10:33

What actually constitutes Gross Profit?

Pre-tax profit would be a better indicator.

[substp] 14/3/2008 10:29

"is expected to generate gross profit in excess of £2 million for this current financial year."

Why are they selling out for only £4 1/2 million ?

"For the 15 month period ending 31 March 2007 it reported a turnover of £11.4 million and a loss before tax of £586,000. As at 31 March 2007, ManGuard had net liabilities of £482,000."

March 2007 was a long time ago and they always manage to throw in a 15 month period when giving figures to analyse . What has happened to the period ending 31 March 2008 ? What are their liabilities now ?

I believe more straight forward and up to date information should be given here so shareholders can make a better decision on their investment .

[only1buster] 14/3/2008 09:59

SGD turnover should now exceed 30M with the purchase of Manguard - management are confirming that their stratagy is coming good.the results when issued in june may well provide the push north in the share price

[argy2] 14/3/2008 09:58

Caledoniaman1

What has the share price got to do with it?

Market cap is the only relevance.

[caledoniaman1] 14/3/2008 09:54

take a look at Croma (LSE - CMG). i have just got out of them and moved here. on paper this company would appear to be streets ahead of them, yet the current share price is lower than theirs. i see this as a great opportunity once some sense returns to the markets.

[marvelman] 14/3/2008 09:45

No reaction...guess we are waiting for the cash call then. This does look like the best deal they have done thus far adding critical mass to the manned guard business and earnings inhancing big time. But 3.5 million in cash wont be on an overdraft. Fingers crossed we get a chance to buy in to the issue but in any case I am glad to be part of this one and will add when I know what is what.

[caledoniaman1] 13/3/2008 23:25

thanks Knowing / only1buster.