4c security solutions ltd (FCS:ASX)
4c security solutions ltd (FCS) Snapshot
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MaxSec Group Limited provides integrated and turn-key security solutions in Australia and internationally. The company operates in two divisions, BQT Solutions Group and Magna Electronics Group. The BQT Solutions Group division provides access control systems; biometric and smart card technology; and customized solutions, including OEM and white label products, as well as offers a range of smart card reader products. This division provides its products for defense departments, international airports, government departments, major corporations, hotel, and retail and commercial customers. The Magna Electronics Group division offers electromechanical locking systems comprising security and safety locks to the access control, architectural hardware, distribution, commercial, and retail markets under the YNOTLOC brand. The company was formerly known as 4C Security Solutions Limited and changed its name to MaxSec Group Limited in December 2011. MaxSec Group Limited was founded in 1995 and is headquartered in Macquarie Park, Australia.
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4c security solutions ltd (FCS) Key Developments
Maxsec Group Limited announced consolidated earnings results for the half year ended December 31, 2012. For the half year, the company reported revenue of AUD 1,685,402 against AUD 1,711,924 a year ago. Profit before income tax was AUD 19,779 against loss before income tax of AUD 20,521 a year ago. Profit from continuing operations was AUD 19,779 or 0.01 cents basic and diluted per share against loss from continuing operations of AUD 21,297 or 0.1 cents basic and diluted per share a year ago. Profit attributable to members of the parent entity was AUD 19,779 or 0.01 cents basic and diluted per share against loss from continuing operations of AUD 21,297 or 0.1 cents basic and diluted per share a year ago. Net cash used in operating activities was AUD 460,564 against AUD 32,917 a year ago. Purchase of property, plant and equipment was AUD 15,863. The revenue for the period is slightly less than the revenue earned in the corresponding period last year due to the continued subdued market trading conditions and the postponement of several major project opportunities. The result is a significant improvement on the same period in the previous financial year and can be attributed to the continued commitment, focus and implementation of management's key strategic objectives as outlined at the 2012 AGM, despite the continuing effects of the subdued economic trading conditions facing many markets.
Maxsec Group Limited announced that they will report first half, 2013 results on Feb 27, 2013
Maxsec Group Limited, Annual General Meeting, Nov 23, 2012., at 14:00 AUS Eastern Standard Time. Location: Killara Inn Hotel & Conference Cente. Agenda: To consider CEO’s report; to receive and consider the financial statements, the directors’ statement and the reports of the directors and the auditors for the year ended June 30, 2012; to consider the remunerations report for the year ended June 30, 2012; to reelect directors; and to consider proposed issue of shares under the private placement.
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Industry Analysis
FCS
Industry Average
| Valuation | FCS | Industry Range |
| Price/Earnings | 3.9x |
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| Price/Sales | 0.3x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | 3.2x |
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| TEV/Sales | 0.1x |
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To contact 4C SECURITY SOLUTIONS LTD, please visit www.maxsec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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