Security Res. Share Discussion Threads

[battlebus2] 05/11/2014 07:40

Very pleased with this mornings results.... top up time.

[dangersimpson2] 15/8/2014 09:48

A strategic review should be about strategy though - is there synergy from having the different businesses under the same management? Is this sufficient to overcome the increased overhead? Where should capital be allocated to generate the highest return to shareholders? Do we have the right people to deliver that? What are our competitive advantages? How do we reinforce those? How do we leverage those in existing or new business areas?

Those are strategic questions. Now maybe I'm being harsh and they asked all of those and included them in their decision making process but given the brevity of the RNS it reads as though they wanted to sell but didn't get a reasonable offer so had to carry on as before.

[battlebus2] 15/8/2014 09:05

Could be but why sell the most profitable part of the business, it makes sense to keep them imv.

[dangersimpson2] 15/8/2014 09:02

That has to be the most uninformative strategic review ever! Translation is probably: no one would pay us what we think they are worth so we'll have to keep them :-)

[battlebus2] 15/8/2014 07:25

Due to strong trading in PSG let's keep them.....

Security Research Group plc ("SRG")

Conclusion of Strategic Review of Property Information Business

The strategic review announced by SRG on 7 May 2014 of its options concerning
its wholly owned subsidiaries, PSG Franchising Limited and its subsidiaries and
PSG Financial Services Limited (together "PSG") has been concluded.

In light of the strong trading in PSG and across its franchise network, the
Board has concluded that it is in the best interests of SRG and its
shareholders for PSG to continue focussing on the development of its business
as a wholly owned subsidiary of SRG.

[pejaten] 10/7/2014 07:28

You can download the full annual report from the websiteStill hold, mainly because I think property services bit could go for significant premium. Only concern is the rump. I question whether underlying business is big enough to justify listing. Would prefer they sell everything

[battlebus2] 09/7/2014 11:01

Anyone else still holding?

[battlebus2] 07/7/2014 07:57

Hardly a game changing receipt at just over 1 million.
Profit before exceptional payment is 562,236 which leave us on a p/e of 20.
Still believe these are cheap with 3.4 million cash in bank and funds from the sale of part of the business to be returned to shareholders.
The main business has a good future with new products coming to market so all in all happy to hold.

[stegrego] 07/7/2014 07:57

Loads of notes referred to in RNS but none published on the two sources I use.

[arthur_lame_stocks] 07/7/2014 07:52

To be fair Stegrego the earnings were boosted by a significant one off receipt. Other than that they would have been much lower. I bought these for 36p and sold them for 52p which I think is a pretty fair price given their likely break up value. It all depends on whether they can squeeze a premium price out of their property division.

[stegrego] 07/7/2014 07:28

7.8p plus £3 million cash looks pretty good to me.

[battlebus2] 07/7/2014 07:19

Results out.....A positive future ahead i believe..

Specialist electronics turnover down due to the end of MOD contract but still achieved a profit on turnover of 2.76 million and profit of 26k

Property services turnover was up with the improving housing market
rev up to 4,692,537 v 4,234,208 and profit significantly ahead at 844,679 v 152,244
Expecting this to improve further...

Packaging solutions turnover was also up at 1,607,673 v 1,563,444 and profit up from 301k to 313k.

Given the strategic review and the return of any sale to shareholders along with 3.4 million cash in the bank i'd say the future for shareholders is very positive indeed.

[fido] 20/6/2014 15:27

The chart says it all.
Looks like shareholders are due a nice little windfall.

[battlebus2] 18/6/2014 11:12

Ticked up on that buy, very illiquid it seems.

[battlebus2] 09/6/2014 17:22

Thanks playful , i had them on the watchlist a few months back after GHF mentioned them.

[playful] 09/6/2014 17:07

Welcome on board BB2!

All looking positive here and I completely agree with Fido's assessment,we should not have to wait too long to learn what's happening...

[battlebus2] 09/6/2014 16:13

I've been buying a few since last months news and with the rise i suspect we maybe close to announcing a sale. I see i'm in good company here :))

[fido] 09/6/2014 15:31

The sale of the search business, if it goes through, will result in a large special dividend to shareholders. That would probably mean that the packaging business would be next in line for sale leaving just the security business. The fact that they would have chosen to focus on this side of the business alone probably means that the directors are more confident about the potential for long term growth in this division.

[playful] 28/2/2014 17:48

Appreciate this update GHF.

I was happy to take advantage of the drop in the share price earlier this week and feel confident we will see a good return going forward.

[rp19] 23/2/2014 11:29

Anyone met/got any background on the previous performance of the directors? Two used to be at Hansom Group Plc, now known as First Property (FPO).

Looks interesting if they can get new contracts for their specialist electronics division. They suggest that they are now targeting the commercial market (developing new completely innovative products) as well as the Government/MOD market (which has current limited demand). I need to do more research into their likely commercial markets and the likelihood of them being able to exploit it.

[naked trader] 21/2/2014 15:21

Look too cheap so put a few in my pension!

[playful] 21/2/2014 13:34

Way too cheap so I have taken some

[bigbigdave] 21/2/2014 13:19

Think I'd rather have some more PLUS to be honest, bit risky but you never know.
Best of luck to all onboard here.

[pj 1] 21/2/2014 12:32

Initial look, what an unusual range of services to offer.....

Based in Belgravia, or is that the registered address. Very expensive if they are based there, I thought they were in Yorks, may be worth a visit if they are Investor Friendly as someone posted earlier

Looks a total gamble?