1 December 2015 Croma Security Solutions Group plc ("CSSG" or the "Company"), the AIM listed total security services provider, is pleased to announce that it has signed a framework agreement appointing the Company as a security systems supplier to Anesco Ltd ("Anesco"). Anesco is among the UK's leading energy efficiency solutions companies and has been recognised by the Sunday Times Fast Track as the country's fastest growing private company and by Global Cleantech as one of the top 100 cleantech companies in the world. Anesco requires innovative security solutions for its fast pace growth on sites throughout the UK. The annual spend on security under the framework agreement is anticipated to be c.£800,000. Commenting on these contract wins, Sebastian Morley, Chairman of CSSG, said: "We are delighted to win this business, which demonstrates confidence in CSSG when innovative, high end security solutions are required. This contract will add to our ongoing contract wins throughout the Group and will add to our ongoing profitability in the coming year." http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CSSG&ArticleCode=q55wj2eo&ArticleHeadline=New_Contract_Win
9 June 2015 Croma has signed a further three year contract with ODEON, one of the UK's Largest Cinema Chains, to provide planned maintenance, servicing, installation and upgrade works to its cinemas. The contract is expected to total between £1.1 and £1.2 million over the three year period. Croma signed a further five year contract with Global Hotelier Hilton Hotels, to continue routine maintenance of revenue parking systems & servicing, expected to total £0.9 million over the five year period, with the possibility of additional revenue for upgrade works over the tenure of the contract. The Company was also awarded the contract for the installation of an incredibly secure Fastvein biometric access control system into the second largest Bank in the UK, working in partnership with Hitachi, for an undisclosed value. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CSSG&ArticleCode=7pb0tc31&ArticleHeadline=New_Contract_Wins
I believe the share price could double in the next 2/3 years. The current Market Cap is some 50 % of the last full years figures. The 3 significant recent contracts plus the acquisition mean that revenue will increase by some 2/3 Mil this financial year and some 5 mil next year. Add in some organic growth and a full year next year could see around 22 Mil. This is a 50% increase. Profits should also increase towards 1 Mil in the next full year.
last year the dividend cost about 45K. Which means that that divi will be covered some 20 times by the next full year. With no debt to repay I would hope the divi increase will be substantial.
Should this all come to pass then the company only has to have a Market Cap of 15 Mil for the SP to double.
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