Croma Security Share Price (CSSG)

Good news today with the full £6.5m Vigilant sale proceeds now received. I'd assume that CSSG will have a £4.5m-£5m cash pile as at 30th June against the £9.1m m/cap.

Interesting that the CEO notes the "positive trading performance" just prior to stating that there will be a trading update for the year to 30 June 2026 "later this month":

Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Received-Final-Payment-from-Vigilant-Disposal/98841344

.wealthoracle.co.uk/company-results

Croma Security Solutions Group has received the final £440,064 instalment relating to the £6.5m disposal of Vigilant Security Limited, closing out a transaction first announced in June 2023 and completing the cash inflow that has underwritten the group's strategic pivot. The sale of the lower-margin man-guarding operation was designed to free capital for reinvestment in the higher-margin Croma Locksmiths and Croma Security Systems franchises, and management confirms that proceeds have been deployed to expand the security centres estate, which now stands at 17 locations spanning the south coast, the Midlands and the Northwest. The disposal narrative is therefore effectively concluded, with the group operating as a focused, technology-led locksmith and fire-and-security consolidator serving both retail and commercial customers, including multiple NHS Trusts. Management points explicitly to the acquired centres as a driver of positive trading momentum through the year, framing the receipt as a validation of the buy-and-build model rather than as a standalone financial event. Attention now shifts to the substantive read on execution: the company has flagged a trading update covering the 12 months ended 30 June 2026 later this month, which will provide the first clean look at group margins and organic growth from the reshaped portfolio. The receipt itself is administrative rather than earnings-accretive, but it removes counterparty risk and cleanly closes the strategic transition chapter.

.wealthoracle.co.uk/company-results

Another bolt-on acquisition, which looks very good value with £0.46m plus a little earn-out consideration buying £1m revenues, £0.13m EBITDA and £0.43m net assets.

This acquisition brings in specialist electronic security expertise in particular, which from the sound of it will achieve material synergies etc.

This is the second acquisition already this year - looks like the pace of acquisitions is picking up as promised:

Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Acquisition/98055100

Dibbs99, I don't know who Russell Long is, but with over 8% here now he's evidently a man of taste and distinction!

Who's Russell Long?

A late RNS last night - Russell Long has bought another 1% (127,000 shares) and is now up to 8.4%, with 1.15m shares:

Https://uk.advfn.com/stock-market/london/croma-security-solutions-CSSG/share-news/Croma-Security-Solutions-Group-PLC-Holdings-in-Com/97893077