Announcement • May 11
London Security plc, Annual General Meeting, Jun 25, 2026 London Security plc, Annual General Meeting, Jun 25, 2026. Location: 2 jubilee way, west yorkshire hx5 9dy, elland United Kingdom Reported Earnings • May 11
Full year 2025 earnings released: EPS: UK£1.94 (vs UK£1.77 in FY 2024) Full year 2025 results: EPS: UK£1.94 (up from UK£1.77 in FY 2024). Revenue: UK£244.3m (up 11% from FY 2024). Net income: UK£23.8m (up 9.8% from FY 2024). Profit margin: 9.7% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. New Risk • Apr 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Mar 26
Now 26% overvalued Over the last 90 days, the stock has fallen 5.5% to UK£26.00. The fair value is estimated to be UK£20.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 3.2%. Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Nov 09
First half dividend reduced to UK£0.55 Dividend of UK£0.55 is 31% lower than last year. Ex-date: 13th November 2025 Payment date: 5th December 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 09
London Security plc Announces Interim Dividend in Respect of the Year Ending 31 December 2025, Payable on 5 December 2025 London Security plc announced that it has declared an interim dividend of 55 pence per ordinary share of one penny each in the Company. There are currently 12,259,877 Ordinary Shares in issue and therefore the total dividend payable is £6,742,932. The above dividend will be paid on 5 December 2025 to shareholders on the register on 14 November 2025 and the Ordinary Shares will become ex-dividend on 13 November 2025. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 16
First half 2025 earnings released: EPS: UK£0.71 (vs UK£0.78 in 1H 2024) First half 2025 results: EPS: UK£0.71 (down from UK£0.78 in 1H 2024). Revenue: UK£116.9m (up 5.5% from 1H 2024). Net income: UK£8.69m (down 9.4% from 1H 2024). Profit margin: 7.4% (down from 8.7% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 25
London Security plc Declares Final Dividend in Respect of 2024 London Security plc at its Annual General Meeting held on June 25, 2025, approved to declare a final dividend in respect of 2024 of £0.42 per share. Board Change • Jun 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 12
Final dividend of UK£0.42 announced Shareholders will receive a dividend of UK£0.42. Ex-date: 12th June 2025 Payment date: 12th July 2025 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 5.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 12
London Security plc, Annual General Meeting, Jun 25, 2025 London Security plc, Annual General Meeting, Jun 25, 2025. Location: 2 jubilee way, west yorkshire hx5 9dy, elland United Kingdom Reported Earnings • May 11
Full year 2024 earnings released: EPS: UK£1.77 (vs UK£1.90 in FY 2023) Full year 2024 results: EPS: UK£1.77 (down from UK£1.90 in FY 2023). Revenue: UK£220.7m (flat on FY 2023). Net income: UK£21.7m (down 6.9% from FY 2023). Profit margin: 9.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Mar 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Senior Independent Non-Executive Director Andrew Kitchingman was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 27
First half dividend reduced to UK£0.80 Dividend of UK£0.80 is 2.4% lower than last year. Ex-date: 31st October 2024 Payment date: 29th November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 24
London Security plc Declares Dividend for the Year Ending 31 December 2024, Payable on November 29, 2024 The Board of Directors of the London Security plc declared an interim dividend of 80 pence per ordinary share of one penny each in the Company. The above dividend will be paid on 29 November 2024 to shareholders on the register on 1 November 2024 and the Ordinary Shares will become ex-dividend on 31 October 2024. Reported Earnings • Sep 19
First half 2024 earnings released: EPS: UK£0.78 (vs UK£0.81 in 1H 2023) First half 2024 results: EPS: UK£0.78 (down from UK£0.81 in 1H 2023). Revenue: UK£110.9m (up 1.9% from 1H 2023). Net income: UK£9.59m (down 3.5% from 1H 2023). Profit margin: 8.7% (down from 9.1% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 29
London Security plc Appoints Andrew Kitchingman as an Independent Non-Executive Director London Security announced the appointment of Andrew Kitchingman as an Independent non-executive director of the Company with immediate effect. Andrew will assume the role of the Company's senior independent non-executive director and will also serve on and chair the audit and risk committees of the Company's Board. He will also join the remuneration committee. Andrew holds a similar position with Andrews Sykes Group plc. Andrew Kitchingman is a Fellow of the Institute of Chartered Accountants in England and Wales and enjoyed a long career in corporate finance, working for both consultancy firms and stockbrokers, including KPMG, Hill Samuel, Albert E Sharp, Brewin Dolphin and WH Ireland, across a wide range of business sectors, both public and private. He holds a number of other non-executive positions, including as chairman of AIM listed Mpac Group plc. Andrew James Kitchingman, age 60, owns no ordinary shares in the Company and is, or has during the last five years, been a director or partner of the following companies and partnerships: Current Directorships or Partnerships: Andrew Sykes Group Plc; Mpac Group Plc; HC Slingsby Plc; ESE Direct Ltd. and British Board of Agrément. Past Directorships or Partnerships held within the last 5 years: Southworks UK Ltd; MORhomes Plc; Burton Leonard Opposition Group Ltd; LonPro Holdings Ltd; Cathedral Choir School Ripon Limited(The); Incommunities Group Limited and Northern Aldborough Festival. Announcement • Jul 31
London Security plc Announces Retirement of Henry Shouler as Independent Non-Executive Director, Effective 5 August 2024 London Security plc announced that, Mr. Henry Shouler has advised the Board that he has decided to retire from his position of Independent Non-Executive Director with effect from 5 August 2024. The Board has commenced a process to identify a successor to Mr. Shouler and an appointment will be announced in due course. Buy Or Sell Opportunity • Jul 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to UK£36.50. The fair value is estimated to be UK£30.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 4.6%. Upcoming Dividend • Jun 06
Upcoming dividend of UK£0.42 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 65% and the cash payout ratio is 80%. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.1%). Declared Dividend • May 17
Final dividend of UK£0.42 announced Shareholders will receive a dividend of UK£0.42. Ex-date: 13th June 2024 Payment date: 12th July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2023 earnings released: EPS: UK£1.90 (vs UK£1.65 in FY 2022) Full year 2023 results: EPS: UK£1.90 (up from UK£1.65 in FY 2022). Revenue: UK£219.7m (up 16% from FY 2022). Net income: UK£23.3m (up 15% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Announcement • May 16
London Security plc Recommends Final Dividend for the Year 2023, Payable on 12 July 2024 London Security plc Board is recommending the payment of a final dividend in respect of 2023 at the same level as 2022 of £0.42 per ordinary share. This would be paid on 12 July 2024 to shareholders on the register on 14 June 2024 with the shares marked ex-dividend on 13 June 2024. New Risk • Apr 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 12
London Security plc Appoints Jean-Pierre Murray as Non-Executive Vice-Chairman London Security plc announced that, with effect from 12 February 2024, Jean-Pierre Murray, a Non-Executive Director since August 2008, will assume the role of Non-Executive Vice-Chairman. Jean-Pierre Murray is Non-Executive Vice-Chairman of Andrews Sykes Group PLC and a director of a number of private companies. Announcement • Nov 02
London Security plc Declares Interim Dividend for the Year Ending December 31, 2023, Payable on 7 December 2023 London Security plc announced that it has declared an interim dividend of 82 pence per ordinary share of one penny each for the year ending December 31, 2023. The above dividend will be paid on 7 December 2023 to shareholders on the register on 10 November 2023 and the Ordinary Shares will become ex-dividend on 9 November 2023. Reported Earnings • Sep 25
First half 2023 earnings released: EPS: UK£0.81 (vs UK£0.68 in 1H 2022) First half 2023 results: EPS: UK£0.81 (up from UK£0.68 in 1H 2022). Revenue: UK£108.8m (up 23% from 1H 2022). Net income: UK£9.94m (up 19% from 1H 2022). Profit margin: 9.1% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 08
London Security Announces Executive Changes The Board of London Security is deeply saddened to announce the passing of its long-serving Chairman and Director, Jacques-Gaston Murray, aged 103 and announced that Jean Jacques Murray, the son of Mr. Murray, will assume the role of Chairman of the Board, effective from June 7, 2023. Jean-Jacques Murray has been Vice-Chairman of the Board since February 2007 and has been very influential in the progress and development of the Company since that time. The Board remains extremely confident in the ongoing strategy and prospects of the Company. Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.42 per share at 2.9% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.6%). Reported Earnings • May 21
Full year 2022 earnings released: EPS: UK£1.65 (vs UK£1.62 in FY 2021) Full year 2022 results: EPS: UK£1.65 (up from UK£1.62 in FY 2021). Revenue: UK£188.9m (up 13% from FY 2021). Net income: UK£20.2m (up 1.5% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to UK£23.50, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 18x in the Machinery industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 16% share price gain to UK£26.00, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 17x in the Machinery industry in the United Kingdom. Total returns to shareholders of 30% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Senior Independent Non-Executive Director Henry Shouler was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 26
London Security plc Declares an Interim Dividend, Payable on 28 November 2022 London Security plc announced that it has declared an interim dividend of 42 pence per ordinary share of one penny each in the Company. There are currently 12,261,477 Ordinary Shares in issue and therefore the total dividend payable is £5,149,820. The above dividend will be paid on 28 November 2022 to shareholders on the register on 4 November 2022 and the Ordinary Shares will become ex-dividend on 3 November 2022. Reported Earnings • Sep 09
Full year 2021 earnings released: EPS: UK£1.62 (vs UK£1.46 in FY 2020) Full year 2021 results: EPS: UK£1.62 (up from UK£1.46 in FY 2020). Revenue: UK£166.6m (up 9.1% from FY 2020). Net income: UK£19.9m (up 12% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be UK£29.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 9.9%. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 32% share price decline to UK£23.50, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 17x in the Machinery industry in the United Kingdom. Total returns to shareholders of 21% over the past three years. Upcoming Dividend • Jun 02
Upcoming dividend of UK£0.42 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (2.0%). Reported Earnings • May 19
Full year 2021 earnings released Full year 2021 results: Revenue: UK£166.6m (up 9.1% from FY 2020). Net income: UK£19.9m (up 12% from FY 2020). Profit margin: 12% (in line with FY 2020). Announcement • May 19
London Security plc Recommends Payment of Final Dividend in Respect of 2021, Payable on July 8, 2022 London Security plc announced that the Board is recommending the payment of a final dividend in respect of 2021 of £0.42 per ordinary share to be paid on 8 July 2022 to shareholders on the register on 10 June 2022. The shares will be marked ex-dividend on 9 June 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Senior Independent Non-Executive Director Henry Shouler was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 12
London Security plc to Report Fiscal Year 2022 Results on May 12, 2022 London Security plc announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Sep 29
First half 2021 earnings released: EPS UK£0.76 (vs UK£0.40 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£82.7m (up 23% from 1H 2020). Net income: UK£9.27m (up 89% from 1H 2020). Profit margin: 11% (up from 7.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Jun 03
Upcoming dividend of UK£0.40 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 09 July 2021. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.8%). Reported Earnings • May 13
Full year 2020 earnings released: EPS UK£1.46 (vs UK£1.36 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: UK£152.7m (up 3.9% from FY 2019). Net income: UK£17.9m (up 7.2% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • May 13
London Security plc Recommends Final Dividend for the Year Ended 31 Dec. 2020, Payable on 9 July 2021 The Board of London Security plc is recommending the payment of a final dividend in respect of 2020 of £0.40 per ordinary share to be paid on 9 July 2021 to shareholders on the register on 11 June 2021. The shares will be marked ex-dividend on 10 June 2021. Is New 90 Day High Low • Dec 23
New 90-day high: UK£23.20 The company is up 8.0% from its price of UK£21.50 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 20% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: UK£20.30 The company is down 3.0% from its price of UK£21.00 on 07 July 2020. The British market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: UK£21.50 The company is up 2.0% from its price of UK£21.00 on 19 June 2020. The British market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 10.0% over the same period.