http://www.moneyam.com/action/news/showArticle?id=1029256

LONDON (AFX) - Surveillance company Croma Group PLC has reiterated that trading in the first three months of the year has been 'robust'.

Turnover in the first quarter of the current financial year, which the group says is traditionally the quietest, is 191.1 pct higher like-for-like.

The company made the statement today in response to a drop in its share price.

On Thursday, Croma warned that full year results will come in below management expectations due to contract delays.

Pretax losses are expected to be around 600,000 stg for the year, it said.

Croma also said today that operating losses in the first quarter have been cut by 96.8 pct from 220,000 stg to 7,000. Meanwhile, EBITDA loss has been cut by 93 pct.

'Total sales for the first quarter stand in excess of 1 mln stg with live quotations for the group's two subsidiaries, Croma Defence Systems Ltd and R&D Design Services Ltd, as at Sept 30 2005, at 643,000 stg and 1.394 mln stg respectively,' the company said.

bam




50% up on monday ??? looks posible

rather well ;-)

and another two contracts wins today, Nice one

had a dip in this one today,
all looks good for more rises rns out today
Dexter
_________________________________________________________
---------------------Croma Group PLC
08 December 2005



8 DECEMBER 2005

CROMA GROUP PLC
('Croma' or 'the Group')

CONTRACTS EXCHANGED FOR SECOND OF TWO ACQUISITIONS
AND
TRADING UPDATE

The Board of Croma, the specialists in the design, development and production of
overt and covert surveillance, security and defence related products, is pleased
to announce that following the announcement on 1 December of its final results
to June 2005, and the exchange of contracts for the first of two acquisitions,
the Company has now exchanged conditional contracts for the second of the two
proposed acquisitions. This exchange allows it to adopt further due diligence on
the target company.

Initial payment on completion, as with the previous proposed acquisition, will
comprise of a combination of cash and Croma shares at 6.5p or the mid-market
quote at the time of completion, whichever is the highest. The payment will be
by way of performance related earn-out. Completion of the acquisition is
expected during January following the completion of the due diligence.

The proposed acquisition, which cannot be named due a confidentiality clause, is
a specialist company operating in the field of biometric identification and
access-control solutions.

Trading Update

Current trading is positive with the period July to October of the current year,
showing an increase of 32% for the same period of the previous year. This is a
result of the increased order intake following successful introduction of new
products and the expansion of the customer base.

John French, Chairman & Chief Executive of Croma said:'This proposed acquisition
complements the expanding range of products and services offered by the Group to
the overt, covert surveillance and defence related sector. It reaffirms the
intention of the Group to consolidate its position in the sector through a
combination of core growth and acquisitions.'

--ENDS--

------

I'm going in on CMG Monday morning... anyone else in CMG with any news & views ?

Well, I'm in this morning but slightly gutted as my buy hit the high 6p offer..
only for the offer to go down to 5.75p shortly after and the bid is now 5.25p!

That's why I hate this game.. my timing is terrible and my luck is even worse !

Still, I'm in.. lets see what happens in the med/long term..

Recent Placing at 5p looks to be well supported by Directors, -well they would wouldn't they.
However, the sp has fallen on admission that Sales are down (delayed, they claim) and this raises the spectre of a further round of Begging 2008 -or at least a weaker position when it comes to product-pricing.
I have an investment in this market with Petards - and they too seem to be just slip-sliding as ever. Also security Co. Appian[APN] is likewise and for this reason I don't plan to invest in another, . . . . . although it is tempting to Buy below Directors' price.

Dont be fooled by today's announcement next results which are due soon will be bad news.

Don't worry skyhigh your not the worst share dealer in this stock,i payed 7.12p for these shares and for the love of god i don't know why i still have them.I was going to sell at 4p but didn't then 3/9/07 results came out and gave me hope but since then all this stock does is go down.
lets hope for a little bit of luck for a change.

can some one tell why cmg is not on the up? they've got to be cheap at this price