Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Fireangel LSE:FA. London Ordinary Share GB0030508757 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -1.32% 37.50p 50,907 08:34:33
Bid Price Offer Price High Price Low Price Open Price
36.00p 39.00p 38.00p 37.50p 38.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 54.28 0.55 1.10 34.1 17.2

Fireangel (FA.) Latest News

More Fireangel News
Fireangel Takeover Rumours

Fireangel (FA.) Share Charts

1 Year Fireangel Chart

1 Year Fireangel Chart

1 Month Fireangel Chart

1 Month Fireangel Chart

Intraday Fireangel Chart

Intraday Fireangel Chart

Fireangel (FA.) Discussions and Chat

Fireangel Forums and Chat

Date Time Title Posts
23/1/201907:52FireAngel Safety Technology (formerly Sprue Aegis)134

Add a New Thread

Fireangel (FA.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-23 16:03:3837.8510,5533,993.78O
2019-01-23 11:53:1936.1025,0009,025.00O
2019-01-23 08:34:3937.982,085791.88O
2019-01-23 08:34:2436.6013,2694,856.45O
View all Fireangel trades in real-time

Fireangel (FA.) Top Chat Posts

Fireangel Daily Update: Fireangel is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker FA.. The last closing price for Fireangel was 38p.
Fireangel has a 4 week average price of 33p and a 12 week average price of 31.50p.
The 1 year high share price is 83p while the 1 year low share price is currently 31.50p.
There are currently 45,905,365 shares in issue and the average daily traded volume is 225,091 shares. The market capitalisation of Fireangel is £17,214,511.88.
dangersimpson2: Don't think anyone knows what BRK are thinking. The unsuccessful hostile takeover certainly soured relations but BRK kept their holding. My understanding is that any attempts to get them to part with their stock have been unsuccessful even when the share price was £1+. But they then went and cost themselves a whole lot by crashing the price by refusing to take most of their stock back and suing to get a few £m but wiping much more than that off their equity stake. As far as FA. can tell BRK have been very quiet in Europe lately, their excess stock made it's way out into the market but since then they are not pursuing many opportunities. So it's a bit of a mystery really. Not sure how much difference a new chairman will make but new FD looks good and tightening of financial controls & planning can only add value.
microscope: Why would anyone invest in this disastrous stock right now? Because the share price is cheap? Cheap for a reason (well many, actually)... Previous management failed royally. Maybe the (delayed!) Scottish legislation will help in 2019. Or could Germany come to the rescue (sales levels have recovered to, erm, 'acceptable'), (oh, and Brexit lol)? maybe more orders like the Mears one... A sinking stock market, if it is almost upon us as many think, crucifies stocks like this. Losses. Jam tomorrow, and no mention of the cash position. Funding at what price? Sub 20p would not surprise me - if they can find anyone to 'buy into' the story, that is.
dangersimpson2: I think he most interesting part of today's announcement is the potential to earn recurring revenues. Once this kit is installed and operational then no one is going to want to change system. With 10-year lifespans, what was a long hardware replacement cycle becomes 10 years of additional high margin revenue. Fire Angel were always convinced that connected home was the place to be, the market (including me at times) had doubts. Although they have been pretty accident prone operationally in the past, their product development has always been good and it seems those doubts are starting to be dispelled. With the share price simply back to where it was 3 months ago and additional products in the pipeline there should be plenty more good news to come.
glasshalfull: Portfolio Update per recent tweet FA. - FireAngel (formerly Sprue Aegis). As tweeted, I sold out completely in April 2018 - after holding for 11-years - & should have waited a bit longer before reinvesting!!! I’ve written extensively on the company (see recent tweets with links) & despite all the issues they’ve encountered in recent years I see significant value here. This will make quite a few chuckle & I suppose the company is the ultimate contrarian play, but the £21m m/cap now finds them approaching the 90% club in terms of share price decline from peak value. They’ve had an incredible -87% wiped off the share price in a little over 30 months So why do I see value I here you ask? Following all the negative updates investors may have forgetten that they retain a top position in a number of markets. The FireAngel brand is highly regarded with 98% of the UK’s Fire & Rescue installing their alarms; they are number 1 in the UK retail market with exclusive contracts with B&Q, Screwfix & Tesco’s; supply British Gas in the Utility Market; developed a Trade product range; retain over +100 patents; manufacture their own CO sensors (securing supply) & operate in an industry with high barriers to entry with further regulation likely. Previously FireAngel were a cash-cow for many years, building up close to £30m cash alongside the provision of a generous progressive dividend. Since 2015 this cash has fallen dramatically due to numerous reasons, one of which is the investment of £15m in product development in recent years which has only just been completed & yet to generate material sales. They indicated they had £3.4m net cash at 30.06.2018 & will no longer require to pay BRK/Newall a £2.9m annual distribution fee. I believe that the shares will rise on one or more of the following: - (a) They begin winning the contracts in the Connected Homes market with the new tech developed & vindicate their approach, delivering a recurring revenue model, stronger margins, profitability & positive cash flow once again. (b) A competitor will acquire them for their techology & market position. (c) The current management team throw in the towel with a new team parachuted in to stabilise the company for sale or delivery on earlier promises. In other words the continual disappointment has now brought the share price down to a level where I see material upside irrespective of execution. Others may disagree...and probably will! Regards GHF
glasshalfull: I covered FireAngel in my portfolio update posted on Twitter at the weekend. Suffice to say delighted to read yesterday’s RNSNON describing the new Connected Home product range as a result of 4 years of investment. Recognise shareholders frustrations but I still believe those with a medium term outlook will be rewarded. With the share price retracing -87% from highs & valued at only £21m...I’;ve dipped my toe in yet again and picked up stock. This is now back up to a 10% portfolio position for me. Kind regards GHF
masurenguy: Quite agree TBF. I'm also prepared to wait this out especially since their finances remain quite resilient. Graham Neary's take: "The H1 operating loss of £1.8m is in line with expectations, but the full-year loss is now expected to be up to £0.5m, below expectations. To spin it positively, I suppose this does at least mean that we are forecast to have an operating profit in H2. The cause of the profit warning...a combination of certain short term transitional issues within the supply chain recently identified, the continued weakness of £Sterling against the US$ and difficult UK high street trading. The company has switched to manufacturing its products with a Polish partner, and I think it's excusable that there would be a few issues as production ramps up there. A bit harder to swallow, however, is the switch from its traditional role as a hardware provider to "a more integrated safety solutions provider", i.e. the "connected homes" or "smart homes" idea. While the items described as "Connected Products" on its website look interesting, I would be a bit concerned that the company might be hoping to market itself as an "Internet of Things" stock, i.e. to chase the mountain of speculative money that has entered that space. FireAngel had £3.4m of cash at the end of June and a £7m working capital facility, so it should not suffer any financial distress. Maybe the market cap is sufficiently low now (£20m) that it makes sense as a contrarian bet. While I haven't got enough conviction/faith in the company's long-term earnings trajectory to make that bet myself at this stage, and I'm not convinced by the underlying quality of the business, I do think it might be worth a little bit more in-depth research at this very depressed share price. Net tangible asset value was £14m at December 2017, with £13m of intangible software and product development costs shown on the balance sheet too. So you can see how it's beginning to approach levels where it would look quantitatively cheap (assuming that losses aren't huge)."
glasshalfull: Excellent & very reasonable points Verisonal & CC2014. Wouldn’t argue with anything in your respective posts. TBF & I have been around the block and know the company well, with an investment timeline stretching back 11 years as you’ll observe in my header update to this company board. So, while I recognise the tough time they are currently going through I do see distinct similarities with the SPRP/ FA. I initially reviewed & invested in way back in 2007. The market are currently unforgiving due to the issues I highlighted in the header, where they’ve come unstuck in recent years. Again, can’t argue with that. While the profits generated will ultimately reflect the valuation here, I also envisage that the brand, market penetration, product certifications, iP (over 100+ patents) & the c.£15m investment over the last few years in a new product range & in software would be worth far in excess of the market cap to any suitor. I acknowledge that’s scant consolation to any investors at the current time as they observe their investment suffer death by a thousand cuts. I added a modest amount today and will continue to add incrementally. It may be too soon, but I believe the risk/reward basis of an investment here is weighted in my favour looking out 12/18 months for signs of improving sales & new technology penetration in the Home Connected space. If these deals come through & we see a resumption of growth in Germany, then I believe the share price will be significantly higher in this timeframe. However, also makes sense for investors to watch & wait for positive news or results. Kind regards, GHF
the big fella: Cc - I agree to a certain extent, however they have had the huge settlement with BRK plus no longer hav to pay them the license fee which is another 3 mil a year (this will be earnings enhancing in itself as the sales associated with this deal had fallen off a cliff). The share price falls as there is considerable uncertainty around earnings this and next year. However they have developed a product suite over the last few years that they believe to be leading edge. They now need to go sell it. If they do then the share price will sort things out for itself. The timing of which is unknown however when I last spoke with the company they confirmed they are very active in this respect ( although if they hadn’t said that I would have been hugely surprised). In hindsight I have reinvested too early as clearly there is a seller happy to get out at any price. I will look to average down as I only have half the number of shares I want but will demonstrate a modicum of patience. If they fall further I get them cheaper. If they announce contracts I pay a bit more but have sight of the green shoots. Enough of my ramblings.
the big fella: Possibly although I suspect BRK would only be interested at a knockdown price. The key to this share is landing some high margin home connected contracts. Once they get the first one under their belt they will follow like sheep. The share price will then take care of itself.
the big fella: Who knows. Maybe this was all part of their cunning plan, trash the share price and then stick in a cheeky 120 bid.
Fireangel share price data is direct from the London Stock Exchange
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190124 01:16:53