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CSSG, the AIM listed total security services provider, is delighted to announce a contract win with a major UK Water utility provider for lock systems. This new contract is worth £1.6 million over 2.5 years to the Company. Commenting on the contract win, Sebastian Morley, Chairman of CSSG, said: "We are pleased to have won this contract, which is especially significant as other utility providers are facing regulatory pressure to install more sophisticated and compliant systems and we will be marketing our services to them with vigour. This win further demonstrates our Group offering and builds on the contract wins in our guarding division."
Hi Beamer, Saw the Directors buy - nice to know their on board even if it as a whopping discount! I can't find the new contract - any clues?
contract win announced this morning
With the recent SP rise the MK has now increased to one third of revenue instead of a quarter. This improvement is in spite of the fact that in the previous 2 years we have had a December notice of interim dividends and a January pay-out but not this timelast month. The last set of accounts did state that the BOD intended a progressive dividend policy but gave no notice of one. It was not mentioned at the AGM either. Anybody any thoughts/ideas/info?
Shake it all about it.
On 16 th Jan
Interesting
I have previously lamented the failure of Fastvein to gain any real traction and that other biometric recognition methods seem to have overtaken us. Page 3 of todays Times has an article about how fingerprints can be obtained from photos of the fingers from up to 3 Mt's away and that iris scanning is suspect after Angela Merkel's iris data was stolen at a press conference. Perhaps we're not behind the curve after all!
My point is that we need the sp/mk to reflect a growing profitable company. At the moment it does not seem to do this. The last three Annual Reports have been filed towards the end of the permitted reporting period and have also failed to specify dividends. There is no need to be tardy in reporting as I believe this company has real potential. I want the company to be upfront in reporting results in order to assist market credibility. In turn this may help the sp.
2015 saw the first payment of the Group's dividend of 0.3p per share which was followed by a further dividend of 0.4p per share paid in January 2016. The Board is aiming to maintain this progressive dividend policy.
Agreed , this year is going good...
While the last line of the accounts said the BOD intended to operate a progressive dividend policy there was no mention of when or how much. This is not a good way to increase the sp particularly as we are almost 6 months into the current Financial year and there should be an indication of how this year is going. I believe this company will grow quite well but clarity gives confidence to the sp. Any inside info out there?
Very nice contract !
Win,Award
And Lo - so it came to pass!
I think it was the third week in November that we last got the full year A/C. So this year - increased revenue, profits and divi and no real increase in the sp from last year. I simply don't belieeeve it!
likely, doesn't it?
Sells at 26p now. Reckon finals will be issued this week. May well get to see EV of £3m once finals are out.
may get to EV of £3m before results lol
Dearie me another drop. Surely the Vigilant contracts signed halfway through the financial year will boost both this and next years figures?. Fastvein does not seem to be quite the rising star it might have been and of course we have no idea about the recent Access acquisition or the middle east office but with no real debt the recent downward drift does seem overdone to me. Nothing to do but wait and see. I wonder if a divi boost will help the sp? One can but hope.
Oh dear, lowest trade of the year and the results aren't even out yet. Would love low twenties or high teens (as long as legal...)
wont be pretty..but fcf may be fairly perky..esp fcf before wc movements
Around two weeks to finals. Let's see whether we'll see the departure of those worried about the "profits being materially below expectations". Currently 1.5% down.
wd be a steal lol ..anything close to ev of £3m would be extraordinary imv ...but AIM offers the extraordinary everyday (just not necessarily in a share you own or are experienced at)
Indeed, two things to look out for in the next update: 1) Financial performance 2) Outlook If any of the above two is below par, this will gap down. I would be a buyer at mid or low twenties. They haven't announced any particular contract recently either. Wonder how their Middle East office is fairing.