One stock that I have been following and recently added is the Southampton Headquartered Croma Security Solutions (LON:CSSG) an AIM listed security services provider.
Croma Security Solutions is split into four key operating divisions: Croma Vigilant, established in 1997 and provides guarding and asset protection; Croma Locksmiths, covering locks, safes and keys; Croma Security Systems for security and fire; and Croma Biometrics for identity management and access control.
For me, a big part of my investing strategy is questioning management and over the past few years I have uploaded a number of these onto Stockopedia including a recent Q&A with sector peer Westminster (LON:WSG). Talking to management helps me as an investor to get a real feel for the company other than the website bumf and regulatory news that comes out. To follow my management engagement style and after a small initial purchase of stock, I had a productive and very pleasant chat with the Chairman of Croma Security Solutions Group Mr Sebastian Morley a former Black Watch and Special Forces Officer.
Operating with a June financial year end, Croma Security will be hoping to better their like for like figures of full year revenue to June 2013 of £13.2M, with their EBITDA at £0.34M.At the 31 December 2013 half year stage, revenue was reported at £7.31M, up 7.7% and an EBITDA of £0.3M, with Cash at £0.8M and with no bank debt or loan notes.
The chat we had was a general one and we have agreed to follow up with a Q&A which I will upload here exclusively for Stockopedia users, the key feel I defiantly had following our conversation was that Croma Security Solutions management are not in the hype and jam tomorrow game but are looking to be reflected by the market on actual achieved results, which I admire. Mr Morely pointed out, that Croma Security solutions is a cash positive, net profitable company with no bank debt, servicing predominantly the high end corporate UK market, with manpower security and technology systems. Mr Morley pointed out that a large amount of the 14m shares in issue were tightly held with strong shareholder support for the strategy the company is following.
The potential as a shareholder with Croma Security Solutions does interest me, especially the opportunities that may open for the Croma Biometrics division in the future.
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All in all and a small purchase in, Croma Security Solutions, certainly fits the type of stock that I like and reminds me a bit of my early entry into Apc Technology (LON:APC) a stock I have been a holder for years and still keep close contact, hence the Croma Security Solutions Group being a ‘One to Watch’.
Hopefully over the next few weeks onto Stockopedia, I will be in a position to upload a basic business overview management Q&A article covering Croma Security Solution
this was the peice that interested me on ACT A from lat month
Outlook The Company's key activities now range across the back-up power and renewable energy storage sectors together with electrolyser sales into a number of different applications including materials handling and fuel cell vehicle refuelling. We continue to focus on high volume applications with strong economic drivers, and believe that the coming year will see substantial progress in the adoption of our products through our growing network of customers and commercial partners. We believe that Acta is rapidly gaining momentum and is on the verge of breakthrough. We look forward to the delivery of significant customer orders during the course of the year
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