Growth Potential1 Jan 2016 11:23
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."
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