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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 May 17, 2021 4:13pm
461 Views
Post# 33215924

Earnings - Not to my liking

Earnings - Not to my liking Book value is $1.25 a share and they still pay a dividend - that's the good news. The bad news is that their profitable business - CANOLA - looks like it will be wound up in 6-9 months....leaving us with the SRG security business. ON the security front, they told us noting about the metrics there. I am assuming that Canola side for the business contributed $400-500k for the quarter - and with a net loss of 107k, this implies (to me) that the security business is currently losing $400-600k a quarter as only 2 months of SRG dat is included in the report. Input has a lot of cash to pump into a money losing business - but I don't want any part of that investment over the next quarter or two. Not enough trust to get me onto this one again.
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