11 April 2017 – contract wins
The electronic security systems group has announced three significant contract wins which should help to underpin current year profit forecasts and help to justify our recent buy recommendation. The first of these is a multi-million dollar contract to a major Philippines casino and will involve the use of over 5,000 CCTV cameras; the second is an extension to the security system already supplied to Jakarta airport, the busiest airport in the Southern Hemisphere and the final contract is a renewed three year, multi-million pound contract with Stagecoach to provide on-vehicle CCTV systems to all new vehicles. These contracts are clearly good news for the group and we re-iterate our recommendation of BUY.