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The RNS yesterday seems like just a notification of Canaccord's 6% holding simply changing hands due to their merger with Adam & Company Investment Management. Not sure why the resultant holding is shown as zero, unless we get a second RNS showing it's now in the name of Adam & Co:
Https://www.investegate.co.uk/croma-sec.-sol.-grp--cssg-/rns/holding-s--in-company/202110281438056210Q/
Nice validation of CSSG's services and newer products.....
CSSG "are delighted to announce that Croma Vigilant and Croma PROception have been selected as finalists in four categories at the Security & Fire Excellence Awards 2021 in London!
These include “Customer Service Initiative of the year – Croma PROtouch”, “Security Product of the year – Croma Connect”, “Security Solution of the Year – Croma EVA” and “Individual Lockdown hero – with our very own Syed Hashmi”."
Https://www.linkedin.com/company/croma-security-solutions-group-plc/posts/?feedView=all
Good coverage of the results here - and still no update from WH Ireland.
With the results coming out early, plus the lack of follow-up from WHI, my suspicion that something - hopefully an acquisition - is in the wind is growing:
Https://bdaily.co.uk/articles/2021/10/21/security-firm-declares-its-end-of-year-results-with-a-12m-profit-before-tax
Good to see someone else here CautiousOptimist! Looking forward to your conclusions.....CSSG did say that the new year has begun positively and that the group are well positioned for this current period.
Hi Rivaldo. These are really nice looking results aren’t they?
Tbh I had a small holding and sold early in the pandemic on the premise that I was edgy about anything with sales at physical stores, and there were exciting rainbows to chase so that I could go and learn lessons from some mixed results… But CSSG have done better than I expected and the security provision seems to be really growing and has been largely pandemic-proof.
Current assets minus current liabilities looks closer to ~£5m when you also include inventory, receivables and payables. So enterprise value ~£8.8m? For £32m revenue and £1m earnings… For a business set to rebound, with growing dividend.
This is looking really credible. Nice, well run business. Very tempting again. Especially while it looks good value and nobody’s really talking about it.
I guess I’m asking myself how will the loss of government income support but the reopening of stores affect margins and cost of sales going forward? What are the trends in the last 6 months since the April reopening? What was the trade like in 2019 vs the last two pandemic years? I need to dig deeper and look backwards a bit further.
Outstanding results to 30th June, especially considering the pandemic....
Against a £13.3m m/cap, CSSG now have a £5.4m and rising cash pile. EBITDA was lifted 13% to £1.98m and PBT was £1.21m, with 6.56p EPS, plus a 2p dividend.
Trading since the year end has been "positive", "positioning the business for a good first half performance in the Group's next financial year".
The EBITDA increase was due largely to overhead savings and job support scheme income, but overall this is still a highly creditable performance.
CSSG should be able to take advantage of the current environment to open new security centres very cheaply. The new ProCeption concept looks to be thriving. The partnership with iLOQ sounds intriguing, and it's highly likely there'll be earnings-enhancing acquisitions soon.
As an aside, the prelims have been announced 4 days early - why? Could CSSG be lining up acquisition or other news in the coming days which they didn't want to be overshadowed?
Francis and Canaccord need to stop offloading lol
A reminder that the (ahead of guidance) prelims will be next Monday 25th October.
Nice 17,500 buy at 90p reported yesterday ahead of those prelims.
#ATH soon enough?
perhaps Francis selling more?
sp stubbornly stuck despite buying interest......
WH Ireland's research update this morning adds nothing at all to what was in the RNS, other than to point out that CromaVigilant has actually grown in the pandemic. They conclude that there are:
"further opportunities for the company to attack in the local authority and other spaces. The ahead-of-expectation results draw a line under the pandemic, and we look forward to further underlying progress in the current year within the key businesses".
Lovely trading update - results for the year to 30th June will be ahead of prior guidance....
Previous guidance was £1.85m EBITDA, so I assume we can expect the final result to be around £1.95m-£2m.
This for a company with a £12.5m m/cap and at least a £5.5m cash pile.
Plus CSSG have announced a new strategic partnership to sell, install and maintain a potentially revolutionary type of door lock, applicable "across multiple industries"....
Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Trading-Stateme/86198394
i sold poxy 1.5k @c88p (not reported)
hold >20k free carry
ricky is a great counter-indicator
Looking very strong here once again.
Moving up once again, on no trades declared as yet, so probably another larger buy will once again be reported later.
That's an unusually large Buy of 20,000 shares at the full 85p offer this afternoon....
A series of small buys, and now the share price has broken out to new 18-month highs.
Interesting :o))
This is a decent read too:
https://www.facebook.com/cromavigilant
25p before £1
cash c35-40p
ebitda close to your 25p
you are clearly clueless about serious investing
25p before £1
some decent buys
not long now
tp £1++
The slow crawl upwards continues....and we have news :o))
Https://www.cssgplc.com/2021/08/croma-proception-the-right-solution-for-the-right-time./
lurch up expected
#cheapaschips imv
A mere 10,000 shares bought at the full 80p offer price or just under has caused a 3p rise and a big closing of the spread.....
A company that a value investor looks for.
Surprised someone hasn't come in to buy them
Hopefully 150p by 2022