Fireangel Safety Technol... Share Discussion Threads

[pugugly] 31/1/2019 07:27

However one likes to dress it up a significant profit warning - Production problems and significant write-offs -

Could well see some running for the exit and share price crash - Knife still falling (imo)

[fft] 23/1/2019 07:52

Hard to believe overhang cleared when the price goes down after a new appt ! But hopefully close....

[tiswas] 22/1/2019 08:22

Could this be a precursor to subsequently prepare the company to be an M & A target in due course ?

He already has one he is trying to flog!

[glasshalfull] 22/1/2019 07:56

Good morning folks,

As I alluded to in my update last week...appointment of a new Chair wasn’t too far away.

Importantly, it’s an Executive with a technology background & ideally placed to assist the company in the transition from box-shifter of alarms to a high margin software & service provider.

Kind regards,
GHF

[masurenguy] 22/1/2019 07:45

Could this be a precursor to subsequently prepare the company to be an M & A target in due course ?

RNS Number : 6881N
FireAngel Safety Technology Group
22 January 2019

Directorate change

FireAngel (AIM: FA.) is pleased to announce the appointment of John Conoley as Non-Executive Chairman of the Company with immediate effect. John Conoley brings significant executive and non-executive Board level experience of both fully listed and AIM quoted businesses. Recent public company roles include Chief Executive Officer of Psion PLC, the fully listed international mobile device company, from April 2008 to October 2012 when it was sold to Motorola; and Non-executive Director of NetDimensions (Holdings) Limited, the AIM quoted human capital management software company, from October 2016 to April 2017 when it was sold to Learning Technologies plc. Current roles comprise Executive Chairman of eServGlobal Limited ("eServGlobal"), the AIM and ASX quoted innovative mobile financial services company, since April 2015 (part time since 1 January 2019) having initially joined the board as a non-executive Director in May 2013; Non-executive Director of HomeSend SCRL, the company jointly owned by eServGlobal and Mastercard; and Non-executive Chairman of Parity Group plc, the AIM quoted professional recruitment and IT services company since April 2017.

Following John Conoley's appointment as Non-Executive Chairman of the Company, Graham Whitworth, the Company's Executive Chairman, has been appointed part time Executive Director of the Company for 12 months with a view to becoming a non-executive Director of the Company on the expiry of the 12 months. John Shepherd, Chairman of the Company's Nominations Committee, commented: "Having conducted an extensive search, we are pleased to announce John's appointment as Chairman of FireAngel with immediate effect. He brings with him a wealth of executive and non-executive experience and we look forward to him joining the Board and working with him." Graham Whitworth, Executive Chairman of the Company, commented: "From my initial involvement as a seed investor, it has been hugely satisfying to have led the business to become a leading European safety products provider. The next phase for the Company is to continue the transition from self-contained safety products provider into a fully integrated, connected safety solutions provider.

[owenski] 18/1/2019 15:29

I was looking at this yesterday and thought then that it looked like an overhang had cleared.

[tiswas] 18/1/2019 14:17

Thanks GHF.

Some decent buys from the new chair and FD, when they have a window to deal, would be encouraging. Just hope that no one uses the BRK 22% to launch a cheeky bid!

[wanttowin] 18/1/2019 14:05

Lovely trade then GHF, someone up over £25k already..

[glasshalfull] 18/1/2019 13:24

Wanttowin - That 500k is a BUY from yesterday!
The 100k trade reported earlier today was also a BUY.

tiswas - My recent communication with the company suggests that the HSBC facility is adequate & will support them on the final transition from box shifters to tech services company.

Also think we’ll see new Chair appointed shortly.

Kind regards,
GHF

[robow] 18/1/2019 13:14

Yep that lit the touchpaper

[kingivor] 18/1/2019 13:12

Definately no overhang now.
Looking forward to a decent trading update - company have it slated for middle of January.

[wanttowin] 18/1/2019 12:20

500,000 sell reported from late yesterday...could be the overhang you mentioned GHF.

[tiswas] 18/1/2019 12:04

GHF

Good post and I agree on all points although I am surprised that the new chairman appt is taking so long.

Any thoughts on whether the HSBC £7.0m facility is sufficient to fund the w/c changes from box shifter to service provider?

[glasshalfull] 18/1/2019 11:14

DJR555 - post 120

Not completly true...although I certainly understand your frustration.

There has been an overhang here for a while which has driven the shares down to an astonishing £15m m/cap. Remember, 3 years ago this was c.£165m m/cap. Believe that this overhang may have been removed yesterday.

I recognise that many investors have lost faith but I’d envisage that we’ll receive news in the appointment of a new Chairman & a Business Update shortly.

It’s the direction of travel that’s important to me now & a reinvigorated team have certainly a lot to go after.

Since the t/s at end of Nov 2018 a number of investors met with the Exec Chair & Managing Director at Mello London over 2-days. They also briefed investors on both days on the opportunities emerging in the Connected Home space. A brand new market opening up & one they’ve spent the last 4-years innovating their product offering for.

We’ve also had a few glimpses of the opportunities here, via the Mears partnership tie-up and then a number of RNS announcements confirming Housing Associations moving over to FireAngels mains powered alarms...which provides FA with multiple opportunities & opens up the UK Trade market for their higher margin products while also providing an opportunity for the company to up-sell their Connected Home Hub & smart modules plus also opportunity to add remote monitoring & FireAngel Predict at later stages in the pipeline.

So suddenly they are poised to move from a box shifter to higher margin software provider with ability to build recurring revenue streams from Monitoring & Predict services.

Also worth pointing out that the following legislation is just about to come into effect in Scotland that All homes in Scotland will be required to have a minimum number of smoke alarms.

This legislation was introduced in the wake of the Grenfell tradegy & I reckon a strong chance that this will eventually be rolled out across the rest of the UK.



I’m a buyer down here.

Kind regards,
GHF

[gnnmartin] 17/1/2019 20:17

king, not sure, now I've checked. I am keen to meet FA. and SEE, and I think it might be SEE's presence that persuaded me to apply to attend the forum. Sorry for the red herring.

[djr555] 17/1/2019 18:08

Huge sell today £220k sold. Someone things this is going down further. Surely not possible with the IP this company has. Surely that alone values this company at more than £16m

[kingivor] 16/1/2019 18:05

gnnmartin, you sure FA. are presenting?

[gnnmartin] 15/1/2019 18:06

I still hold. I don't understand what went so badly wrong ... I hope to talk to the directors at the Growth & Innovation forum on 29th. I'm not all that hopeful.

[tiswas] 11/1/2019 15:57

Surprised that this has not featured in any new year tips that I have seen, especially after the contract wins.

Heading to new lows?

[djr555] 17/12/2018 15:48

17 December 2018



FireAngel Safety Technology Group plc

("FireAngel" or the "Company")



Contract wins



FireAngel (AIM: FA.), one of Europe's leading developers and suppliers of home safety products, announces that it has secured agreements to supply mains and battery-powered smoke and heat alarms to two housing associations in Scotland.



The Company will supply River Clyde Homes, a not-for-profit affordable housing provider with 5,800 homes, with a mix of mains and battery products. It has also signed a two-year agreement with Caledonia Housing Association, which owns and manages over 4,000 homes, to supply a mix of mains and Wi-Safe 2 battery alarms, which are all compatible with the Company's connected home solutions. This contract, along with the previously announced contract with Queens Cross Housing Association, has been secured through the Scottish Procurement for Housing framework.



Following changes to the Housing (Scotland) Act, expected to be enacted early in 2019, all homes in Scotland will require:

· sealed long-life battery or mains-wired alarms that are interlinked;

· one functioning smoke alarm in the room that is frequently used by the occupants in the daytime;

· one functioning smoke alarm in every circulation space on every floor;

· one heat alarm in every kitchen; and

· a carbon monoxide alarm will also need to be fitted in each room with a carbon-fuelled appliance or flue.



FireAngel's Wi-Safe 2 wireless interlink alarms ensure that each property achieves constant compliance through the use of interlinked alarms installed in the kitchen, hallway and living room. Additionally, FireAngel's unique monitoring platform, FireAngel Connect, allows for remote monitoring and instant notifications.



Neil Smith, Group Chief Executive of FireAngel, commented: "We are delighted to have signed two further contracts with housing associations in addition to our Queens Cross Housing Association agreement. Our alarms are designed to provide the highest level of protection at all times and to ensure compliance with the imminent new legislative changes requiring interlinked alarms in all properties. It is encouraging to see housing associations in Scotland recognising the imminent implementation of legislation and the need to ensure the products they are seeking to install are compliant with the upcoming regulations."

[djr555] 17/12/2018 15:09

2 more contract wins, looks again like the higher margin products and works with the fireangel connected home system. Positive momentum building finally

[bbr391] 05/12/2018 12:04

The promised land may be not too far away.

Best of All

[bbr391] 04/12/2018 15:56

About time for a change of direction.
Best of All

[lomcovaks] 03/12/2018 10:33

Many thanks GHF for posting Wheelie's write up. I too had a chat with FA at Mello and now watching with the intent to buy in. There is a huge market available. I'm part way through a house redevelopment project and it was interesting to note that in discussions with building control it's pretty much obligatory to install a linked smoke alarm system through the house and, in my case, connected to a roof skylight that opens automatically when the alarm is triggered. None of this is optional if you comply with the regulations and I simply had to allow for this as part of my base costs. Looking at the number of proposed house builds required in the UK to keep up with demand, added to conversion projects like mine there's plenty of potential.

[pireric] 01/12/2018 16:58

Thanks GHF, have had this on my watchlist for a long time. Don't feel this is the right time still but watching carefully