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SSC Security Services Corp INPCF


Primary Symbol: V.SECU Alternate Symbol(s):  SECUF

SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada, through its subsidiary, Logixx Security Inc. The Company's segments include Security Services, Legacy Operations, and Corporate. The Security Services segment provides security services to primarily commercial and public sector clients. Services include cybersecurity services, protective services as well as security system design, sales, installations, and monitoring and alarm response. Under cybersecurity services, it provides managed security services (MSS), vulnerability and risk analysis, cybersecurity consulting services, CISO consulting, and others. Under physical security services, it provides on-site security guard, remote continuous camera monitoring, mobile patrol and investigative services. Under electronic security services, it designs, builds, installs, and monitors electronic security systems for corporate clients.


TSXV:SECU - Post by User

Post by schocoron Dec 01, 2020 10:55am
521 Views
Post# 32009194

First Thoughts on Buyout - WTF - No Beno

First Thoughts on Buyout - WTF - No BenoAt first pass I am not liking this proposed deal. Input is a piggy bank. SRG security is a cash pig per the announcement. I dont like the common ownership (Elmsley) coupled with the lack of Financial Information available on SRG. This is always my fear with cash rich piggy banks (Input) : that they take the cash an plough it into a bad business instead of giving it back to shareholders who could then invest in SRG themselves. This will probably keep my on the sidelines of Input indefinitely without ever again buying stock. I will certainly review the Input financials on December 5th and wait for more details on this deal, but I have no interest in investing in a half-baked security upstart in Regina. Even if SRG is a tiny upfront $5-15M commitment, the plan is clearly to use Inputs cash to develop and mature this company meaning less of a special payment for Schocor. This outcome might have been a more predictable outcome than I had considered. Oh well. I made lots off Input. Turn the page.
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