Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Q6. Croma recently announced that in light of the results for the last financial year, and the positive start to the current year the Company will continue the dividend policy introduced last year, is this dividend policy something you hope to continue in the future? That is the plan. We have a bright future with some fantastic opportunities, backed by an excellent team of committed and knowledgeable employees. As long as there is headroom for it, of course we would want to offer shareholders a return wherever possible. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
Q5. Croma have recently acquired Access Locksmiths for £2 million through shares and cash now and later, can you please explain the rationale behind this acquisition and is this a way you will fund future acquisitions? 1. Our existing locksmith staff require a succession and a leader with time to lead them and develop the business. 2. Opens up skilled engineering base across the South Coast reinforcing our current position. 3. Croma Locksmiths become the largest supplier of Key cutting and Locksmith services on the South Coast and potentially the UK other than another major high-street key cutting operation (we remain and will become a larger concern for this company as they try to develop Locksmith services within their Group since they are limited to mainly basic key-cutting) 4. Preferential deals with manufacturers where we will command the best buying rates. 5. Access Locksmiths already have a 10% purchasing advantage on a range of products that we use currently and we will command the best discounts from our current principle supplier as we become their number 1 account. 6. Locksmith retail outlets will develop to sell commoditised electronic systems such as intruder, access, CCTV and intercoms which are currently not offered. 7. Cross selling opportunities for further security services / products to Access’ current customers. 8. Croma Security Systems can then become the specialist security provider instead of one organisation dealing with domestic alarms through to high end Government/commercial systems. (Allows us to specialise) 9. Mark Whettingsteel brings a hard work ethic to the table, he was trained by our Locksmiths originally. 10. Consolidation savings (Marketing, Insurances, Telephones etc.) This deal was concluded with cash and paper however it should not set an expectation for future acquisitions which will all be judged on individual merit. In this transaction it was important to bring in a new executive Director with adequate shareholding in the ongoing business to ensure alignment with other Directors to build a stronger board sharing the same desire to grow and develop the Group. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
Q4. Are Croma Security Solutions seeing interest in the FastVein™ suite of products? Incrementally. The Brits have never been as open to new concepts as other nations are known to be. We are a reserved and calculated nation and like to see things in action elsewhere before committing to them. This coupled with the natural social stigmas behind biometrics as a whole has made FastVein initially slow to grow. People are however at last warming to the concept and early adopters are showing a great deal of interest. Those who have placed orders or already have systems are very much impressed by it and have now seen a biometric technology that clearly works well in practice and not just on paper. Enquiries are growing and we expect to see further high end projects delivered in 2016. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
Q3. Croma Security Solutions have recently announced a number of new contract wins, how significant will these be for the business? The significance of many of these deals is not necessarily the face value of the turnover or profit that they generate; rather the fact that the market is changing, and we are making an impression. Certain contracts were won in the face of adversity - we are not the cheapest in the market, and we never will be. The market is realising the difference between cost and value. The difference in service that we can deliver is hitting home. Further to this we are securing more high profile contracts with major national and international companies, as well as high profile individuals. This is testament to our tenacious, resilient and dedicated approach to delivering not only what we say we will, but sometimes a little more. Our strapline ‘The stand out security group’ fits the bill. The guarding contract wins give year on year growth as almost all clients once placing business with Croma Vigilant appreciate the service provided to the point that they will continue to renew year on year. This provides a huge level of stability to the group overall. In respect of the systems announcements they allow Croma to spread service a little further around the UK. Each new major account assists in this growth and of course increase in profits. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
Q1. What’s the Croma Security Solutions vision? Croma’s vision from the outset was to create a high end turnkey security solution provider that can cater for anyone. Q2. Can you please briefly explain the different parts of the Croma Security Solutions business? In a dynamic, ever changing, multi-faceted business or ‘group’, this is difficult to explain. We publicly identify as four divisions, but are very keen not to have our paramount message as the turnkey security solution provider diluted. The four subsidiaries are as follows:- Croma Biometrics – Responsible for Fastvein™ Croma Security Systems - Electronic systems (CCTV, Access Control, Intruder Alarms, Fire Systems) Croma Locksmiths ‘& Security Solutions’ – key cutting, locks and Safes Croma Vigilant Guarding – Close protection, Manned Guarding, mobile patrols and key holding services. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
Croma Security Solutions (LON:CSSG) is an AIM listed security solutions group with an impressive client base and growing reputation. In recent months Croma Security Solutions have announced new contracts and a recent acquisition of Access Locksmiths, a profitable and award winning company. In a nutshell Croma Security is a steady, profitable and debt free company, who are also dividend payers. The need for increased security solutions is unfortunately higher on the agenda now that it has ever been due the terror threats. The blue sky part of the business with huge potential is the FastVein suite of products which Croma promote as the most advanced biometric system in the world beyond the fingerprint. Following the recent new contract wins and the acquisition Roberto Fiorentino, the CEO of Croma Security Solutions has taken time out to discuss various aspects of the business including the recent news and its FastVein biometric technology. - See more at: http://www.stockopedia.com/content/ceo-interview-croma-security-solutions-117328/#sthash.3VmaySMB.dpuf
company that makes profit so good in these troubled markets
Q&A interview complete and will be uploading the new article latter today onto Stockopedia with the CEO of Croma Security Solutions, makes a very interesting read for shareholders.
This very much looks like a strong company with the right fundamentals in place to go on and achieve growth. I'm invested here and will look to hold and see what that brings.
Croma Security Solutions – Growth Potential Croma Security Solutions (LON:CSSG) is a share I feel could well make a serious breakthrough in 2016, run by ex black watch personnel the company prides itself on the quality of service it provides. The serious and real threat from terrorism towards our county is a big concern and companies such as Croma Security are well positioned to help combat growing threats to security. In a nutshell it’s a profitable, dividend paying company with no bank debt, however, recent new contracts and an acquisition of another profitable company suggests 2016 will be their best ever year and one which may prove a good one for the share price as a result. The business covers 4 main areas, these being electronic systems (CCTV, Access Control, Intruder Alarms, Fire Systems), vigilant guarding (Close protection, Manned Guarding, mobile patrols and key holding services), locksmiths (key cutting, locks and Safes) and the area with huge blue sky potential being the biometric part of the business which is responsible for Fastvein™. The biometric solution was recently highlighted as being adopted by a well known private school and is gaining much attention. Commenting on recent 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." - See more at: http://www.stockopedia.com/content/four-shares-to-watch-in-2016-vela-croma-fastnet-and-new-116298/#sthash.VaEqqXK7.dpuf
New article on Stockopedia. Four Shares to Watch in 2016: Vela, Croma, Fastnet and New http://www.stockopedia.com/content/four-shares-to-watch-in-2016-vela-croma-fastnet-and-new-116298/
I will have a very interesting Q&A with the CSSG CEO up early next week on Stockopedia.
Questions have been sent over to CSSG tonight for a Q&A article. This will be a good opportunity for the company to get the story out to the investor community with a good range of questions.
You are welcome. Will include a question on the acquisition and dividends when i am putting the Q&A together, not exaclty as you have worded but more open. There is plenty of news for them to discuss and expectations of increased sales and profitability.
Many thanks for the opportunity The acquisition of Access is a good move with real potential and hopefully an enthusiastic new board member. BUT 2 Miil shares as part of the cost is well over 10% of the issued shares. Q.1. Is this going to be the way any future acquisitions are funded? Q. 2. Bearing in mind the Chairman's high share holdings just how progressive are future dividends likely to be? I intend to stick with this for the long term - I originally bought Vigilant as they seemed to have a USP and with Fastvein so does CSSG. Thanks again
I will be carrying out a Management Q&A with Croma Security Solutions in the next fews weeks and if anyone has a question they would like adding then please feel free to reply below, send a Stockopedia private message or via twitter @EliasJones1 Croma Security Solutions (LON:CSSG) is a company I have held for a while now and in recent months Croma Security have announced lucrative new contracts and a recent acquisition of Access Locksmiths a profitable company. Croma Security is a profitable and debt free company, who are also paying a dividend this year. Sales could well be around the £20m mark with the acquisition. The need for increased security solutions is unfortunately higher on the agenda now that it has ever been due the terror threats. The blue sky part of the business with huge potential is the Fastvein suite of products which Croma promote as the most advanced biometric system in the world beyond the fingerprint. See more at: http://www.stockopedia.com/content/participate-in-a-q-and-a-with-croma-security-solutions-114720/#.dpuf
“The school has been delighted with the technology, which has enabled us to improve not only administrative functions but also the pastoral care of our pupils,” said Giles Brand, the school’s bursar. The Fastvein system has been designed by Hampshire-based Croma Security Solutions and is based on scanners made by Japanese firm Hitachi. West Hill Park, a preparatory boarding school in Hampshire, uses finger-vein scanners as a security measure to control access to the school, while Abbey College, an independent sixth-form college in Manchester, is due to start using a vein-scanning system next week. Brand said the biometric information collected at St Mary’s is destroyed once the pupils leave the school. Roberto Fiorentino, Croma’s chief executive, said the firm had also installed scanners as access devices at “two of the largest residences in the UK”. People using the scanners can designate one of their fingers as a “threat detection finger”. If they place this finger in the device, an alarm is triggered with security guards or police. The scanners have also been trialled at several hospitals, including Southampton General Hospital, to identify patients. http://www.thesundaytimes.co.uk/sto/news/uk_news/Education/article1644543.ece?shareToken=c079f10093c0a2bb23dd49eae5809da6 http://www.dailymail.co.uk/news/article-3359140/Top-34-000-year-girls-boarding-school-uses-finger-vein-scanners-check-pupils-lessons-lunch.html
Excellent CSSG coverage in the Sunday Times and Daily Mail Today. Top girls’ school uses vein scanner to keep finger on pupils’ movements A TOP girls’ boarding school has become the first in the country to use finger-vein scanners to keep track of its pupils. Girls at St Mary’s School Ascot queue up before breakfast and register for that day’s lessons by passing one of their fingers over a scanner, which identifies them from the pattern of veins inside the finger. The system warns teachers if pupils are missing, with girls expected to scan their fingers when they leave the school grounds and on their return. The new biometric technology is also being used by hospitals and prisons and is being installed by billionaires to protect their mansions. The scanners have been featured in a Home Office-sponsored demonstration of new technologies that could be used in the future at the UK’s border. Experts claim finger-vein scanners, which are smaller than a tennis ball, are more accurate than fingerprint and face-recognition technology. Infrared light is passed over the surface of the finger and highlights the network of veins below the surface of the skin, which is unique to each individual. The pattern is then matched against the pupil’s profile to verify their identity and register their attendance. St Mary’s — named public school of 2015 by Tatler magazine — has installed 15 scanners, including two in its refectory where pupils normally register three times a day at meal times. The school, in Ascot, Berkshire, has 390 pupils aged 11-18 and charges fees of £11,390 a term. When girls leave the school’s grounds — for example, to go into Ascot on a Saturday afternoon — they have to scan their fingers in the presence of a member of staff. The system’s software then highlights the names of any pupils who have not returned by their designated time and includes their mobile numbers so teachers can find out where they are. During fire drills, teachers can see which pupils registered via the scanners earlier in the day by checking iPads linked to the system.
Thanks graham-wales, seems a good deal for both sides. I'm really encouraged by the locksmith acquisition as this seemed the Cinderella part of the group. If the new guy can build this up then we will fire on all cylinders. Should now be able to achieve over 20 Mill in annual revenue, if not in this year then certainly in the next one. Good solid steady progression which is the best way to build sustainable growth for the long term. Now if only I could say the same for Spurs!!
Hopefully can get a Q&A done with CSSG at some stage.
Been invested in CSSG a long while. Croma is as good as any on AIM and gaining more and more clients quietly which will boost numbers. With the fear climate as it is Croma Security could be well poised, top quality product and service.
It means that the company doesnt have to put a tender /price in for every job the customer wants to buy goods. They have an open order with fixed prices which means guys on site can place an order in the knowledge that prices have been agreed up front.
I'm not to sure what exactly a 'framework agreement' is but this announcement means that in the last 4/5 months the contract wins amount to some 3.8 Mill of new annual revenue. Say 2 Mill is recognised in this financial year then the company is on track to produce a revenue approaching 20 Mill. The capital value has recently been about half of the annual revenue. If the cap value rises to 50% of the new revenue then the SP will also go up 50%. May not be by the year end in July 17 but possible by the end of year 2017. This is of course not allowing for future Fastvein sales which at long last seem to be growing. I originally bought Vigilante some 3.5 Years ago and at last the merger seems to be paying off - Happy Days!
CSSG 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.
KNIGELK: Buy early...you could be right, still under the radar.