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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.
good post..AIM pricing is bizarre ...can see this testing mid 20p range esp if results lacklustre, but medium/long term prospects half decent ..bid dropped (can sell now @31; buy @33), so no sense that sp is going to rocket from here
Jolly, depends what individuals expect from the final results. Although trading was strong in the months to June 2016, the company has stated that profitability will be materially below expectations due to the accounting error. Moreover, they have had to pay 0.2 million in June to Mark as part of the Access deal. CSSG definitely looks very attractive in terms of PE ratio. I would argue that the accounting error is factored in the sp but hey, AIM tends to overdo things when there is a sniff of negativity (esp for the well run companies such as CSSG)..
results ..riddler probably claim he bought back in lol
suggests background buying? bought back 3k..hold 15k ..cheap imv
ol fruit..from my occasional glances at yr twitter feed and stumbling over yr posts i sense u r strugglin atm..rgm, mka, eua, aero, flx etc etc..i get yr pain/irritation ..cssg is not working for me ..and hasn't for 6-9 months, ironically when we both bullish here lol - (though my 12k is free carry so has been fine for me over the last couple of years)..i am happy to wait and buy more (much more) is the sp remains a bargain rel to medium term prospects ..like everyone in this game, i have plenty of failures incl most muppet-like gbo, but also gdp..and plenty of miners like ami..and cont to make many many wrong calls (7dig, sepu, ime etc etc).. ...but unlike (i suspect) most on these BBs I have reasonable list of medium/long term wins based on more or less original research and a decent understanding / professional experience of what drives shareholder value creation:incl aiea, mbh, emr, cgs, mwe, opm, redt, rgs, rbn, tstl, ntbr, dwht, lpa, ntg, sag, ton., tfw. ...ofc i get my calls on/flips around my core holdings wrong sometimes (aiea surprised me recently; ntbr constantly surprises/frustrates; i sold out of tstl for only 3* and haven't seen value enough to buy back etc etc) ..camkite posted recently that these tiffs are a waste of everyone's time/energy..and he is a wise cornish cove who is doing v well atm
mad bottom ..seems dead cheap here, mind: EV/EBIT perhaps c 6? ..may well regret de-risking
JMB?
still reckon cheap, but ...but others don't share this POV atm..and there is always the chance of a proper JMB?
hold 20k.....run rate ebit may be more than £1m given £0.5m was promised from acquisition..and £ weakening can only help ...if they demonstrate sustainable growth 50p ++ seems reasonable tp
Very promising. The MC is some 25/30% of current revenue. There's less than 17 Mil shares in a profitable company with rising revenue and profits and no real debts. As I've said before we are the Millwall of the AIM.
paid..promising
persuaded by my own fags
rely on this extract from last substantial set of numbers (interims) .." This adds up to £4M to annual turnover and in excess of £0.5M of operating profit to our core business. .." that is 8-10% of EV..as an addition..so 14-20% ebit yield at this sp looks possible/likely..which is tasty for stock with growth potential (even overseas growth) and experienced/aligned management ..dyor, all ..DONT RELY ON JOLLY..EVER
but bought back 4k free carry @30.39p as hedge ...the shares now trade in my sweet spot of 5-7* ebit (according to my fag packet calcs..don't rely on any poster esp Jolly) ..still the threat of Mark causing disruption, but he is a director with a 10%+ holding and the compensation wd only be perhaps c10% of mcap..again all guess work lol
going to do about acquisition consideration? Waiting to see how Mark responds...if he comes out and officially says it is ok...just one of those things...then I might buy back
My post 19th June, please read Den instead of Dell. ( I've been to both hence my confusion!!) What is going on - 600 shares sold equals a 4% drop in a no debt profitable company?? Somebody tell me, Yeah!
Still NT to buy even small amounts here.
I've been here for the last four years or so and I'm just in profit in spite of my first purchase at 0.88.p. SP/MK is a third of the annual revenue in an expanding profitable company with no real debt. Have we become the Millwall of the stock market - "Nobody loves us" ? I just want a result - pretty much like Millwall supporters I suppose! Just to declare an interest-I have actually been to the Dell, but as a Spurs fan. This was quite interesting but not to be repeated!
Good to see a few of them averaging up. Confidence and we should indeed be entering period of contract announcements. Excellent trading across divisions in last few months.
wot does mark think of this..shares were decent slug of acquisition consideration ..i'll buy back free carry sub 30
It may be that the lack of interest in CSSG is that it could be seen as a possible one trick pony. I came in via the amalgamation with Vigilante bur have topped up since. It is Vigilante that is the revenue driver. Fast Vein seems to be stalling and other recognition systems such as voice/face/eyes are being touted by competitors. The Dubai office will hopefully deliver new revenue but not yet it seems. It still remains to be seen whether the recent acquisition can expand Access significantly. However it is a well run company and I have great expectations that there will be significant upward share price in say a cou[le of years. e
Stef, any particular reason or anything to back up your statement? I can give you the reasons why I think it is a buy though: 1. Operates in the ever expanding security sector a) Impressive clientele (Government, FTSE 100, enterprises and private high worth individuals) b) Range of offerings – providing high grade security personnel to high end Fastvein through collaboration with Hitachi. c) Aims to grow organically (new office in Abu Dhabi) and through acquisitions (Access Locksmiths Limited acquired in Dec 2015) d) Professional management with military ethos (ex Black-Watch) 2. Generates profit and provides dividend to shareholders – strong balance sheet a) 2016 could see highest revenue and profits with some impressive contracts to be reflected on balance sheet (2015 saw revenues of £15.8million with EBITDA of £0.66million) b) No debt to service 3. Share price is undervalued a) £7million MCAP, 17 million shares in issue with almost 50% not in public hands b) Significant management holdings to align with shareholders c) Share price should be at least >70p based on estimated earnings and sector PE
bio tango
1. Operates in the ever expanding security sector a) Impressive clientele (Government, FTSE 100, enterprises and private high worth individuals) b) Range of offerings – providing high grade security personnel to high end Fastvein through collaboration with Hitachi. c) Aims to grow organically (new office in Abu Dhabi) and through acquisitions (Access Locksmiths Limited acquired in Dec 2015) d) Professional management with military ethos (ex Black-Watch) 2. Generates profit and provides dividend to shareholders – strong balance sheet a) 2016 could see highest revenue and profits with some impressive contracts to be reflected on balance sheet (2015 saw revenues of £15.8million with EBITDA of £0.66million) b) No debt to service 3. Share price is undervalued a) £7million MCAP, 17 million shares in issue with almost 50% not in public hands b) Significant management holdings to align with shareholders c) Share price should be at least >70p based on estimated earnings and sector PE