Fireangel Safety Technol... Dividends - FA.

Fireangel Safety Technol... Dividends - FA.

Stock Name Stock Symbol Market Stock Type
Fireangel Safety Technology Group Plc FA. London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 9.25 07:46:45
Open Price Low Price High Price Close Price Previous Close
9.25 9.25 9.25 9.25 9.25
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Fireangel Safety Technol... FA. Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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Posted at 24/1/2023 08:27 by tiswas

Reading today's results I have to agree with you. With FA if something can go wrong then it goes wrong.

I still think there is a good company trying to get out and the only consolation is that the share price has not been clobbered on news for the first time in ages! Two positive broker notes out.

Posted at 22/11/2022 15:15 by tiswas
Yes, nearly 1.19 today so there is hope.

I have not really got a satisfactory answer as to why they were not hedged higher for this quarter and the Downing reviews of their funds performance says FA are NOW hedged, my emphasis. So what makes Downing think they were not hedged before.

I think that some of the smaller cap funds that are holders here have performed so badly this year that they would gladly steamroll FA in to a takeover, if they do not see the share price turning around pretty quick.

I am hoping that the next update is far more upbeat, but I have been saying that for far too long!

Posted at 03/11/2022 12:51 by gnnmartin
Similar here. I bought at about 70p (IIRC) and failed to sell any at the high because I thought they were a very decent hold paying a good dividend. What stop me buying more (apart from lack of cash!): I could not understand the pivot from enthusiasm about the future and the mode of separation from the USA to being sued by the USA. I don't like being unable to understand what goes wrong, it might be my fault or it could be because I am not getting a straight story.
Posted at 03/11/2022 11:00 by tiswas

I see she mentions possible interest from US shareholder or possibly Techem.

I know that their portfolio is not doing too well this year and they have a 12% of fund holding in Real Good Food via loan notes that seems to be in trouble looking at the share price. I have also read elsewhere in their blurb that they worlk closely with management on matters such as exit routes.

It would not therefore surprise me at all to see them try and steer FA in to an early takeover to recoup some losses and I would imagine that other smallcap funds suffering similarly could easily be persuaded with a decent bid premium.

All imo but I can see this being stolen from us at a time when it MAY have just turned the corner.

Posted at 27/9/2022 06:53 by masurenguy
Interim Results

Posted at 04/7/2022 07:14 by tiswas

Thanks for the post, always good to hear reasoned thinking even if it is negative!

Aico of course has been around for donkeys years, is an extraordinarily successful company with a balance sheet that JC would kill for and shows what can be done if you get it right.

Aico manufacture in Ireland so will also have some currency exposure. The accounts to 31/12/20 show a gross profit of £21m on a turnover of £145m so I am curious as to why you think 40% margins are the norm when they are showing 15%?

To be fair I can not get access to the parent company accounts in Ireland so there may be some additional transfer pricing going on.

You switch between Aico and Lifesafe and back to Aico again which can be confusing. Lifesafe numbers look pretty poor to me and I do not believe are in direct competition so I will ignore them for the time being.

FA have said that demand for their product exceeds supply so they must be doing something right. We also know there is a lot else going on. Sure currency and manufacturing at the right price are the key which is why the share price is languishing where it is. If the brokers forecasts are correct then we will soon be generating cash and profits but no one is saying that a turnaround like this is without risk.



Posted at 27/6/2022 07:46 by tiswas

5 posts since joining in July 2018 and all anti FA. No posts on anyone else so far as I can see and you even came up with a user name that summed up your thoughts on FA!

Nobody would take it away from you that you were indeed right at the time. It was a sound call.

Anyone invested here knows only too well that this has been a serial disaster over the last few years. We are here not because of that but because of the turnaround that we think we see happening. The new management team, improvements in margin and the supply chain, a growing market, leading edge products and so on.

So come on, balance our newfound enthusiasm by sharing your reasons for having such a downer on them, we may have missed something and you might end up saving us a fortune!

Its good to talk!

Posted at 24/6/2022 14:51 by the big fella
I am not one to criticize however your last few post are all negative on FA. stretching back a year or two. Clearly you hold a grudge. Given that the share price it is at at its lowest level ever it is no wonder.
But the points you make are not factually correct. The warranty costs are less than 1% of the costs of the running of business. These are historical and are well below what they are currently budgeting for.

Exchange rates are out of their control. However, they adopt hedging strategy so this years numbers are unlikely to be "sucking cash out at an alarming rate".

Margins have been a big problem. But the company have stated this will be improving. 2nd half this year will be c 30% and improving not 20% as you quote.

Not sure what your agenda is but I would appreciate a modicum of accuracy.

Posted at 17/6/2022 06:32 by masurenguy
Second Development Milestone

Further to its announcement on 28 March 2022, FireAngel (AIM: FA.), a leading developer and supplier of home safety products, is pleased to announce that it has successfully delivered the second development milestone of its agreement with Techem Energy Services GmbH ("Techem") in connection with the new generation smoke alarm ("NGSA") being developed primarily for the German market.

The second contractual NGSA development milestone, which was delivered ahead of schedule and within budget, sees the delivery of a development board (known as an Analogue Front End Board) specifically related to the control of the analogue sensing circuits, such as smoke sensing. This forms a critical element of the design of the NGSA and allows for significant technical de-risking. As a result, development phase two (DP2) of the Company's development agreement with Techem is already over 20 per cent. complete (up from 10 per cent. as at 28 March 2022) on a planned man-days basis.

Posted at 03/2/2022 11:52 by the big fella
Just thought I would re-read some of the significant recent announements. Firstly from the trading update:

During December 2021, the Company successfully completed the fully funded Research Phase 1 of its agreement with Techem Energy Services GmbH ("Techem"), one of the leading service providers for green and smart buildings. Techem's focus is on energy efficiency along the entire real estate value chain.

Phase 2, the actual development of a new generation smoke alarm with additional functions and sensors, has begun. Techem is funding a co-operative project with FireAngel to develop the alarm over a period expected to last until late 2024. Detailed commercial discussions are underway, including the selection of potential manufacturing partners, and are expected to be concluded shortly.

For those of you unfamiliar with Techem it is probably worth taking a look at their website. They have 12 million apartments under management worldwide. They are a monster. For FA. to be in partnership with them is an absolute game changer. Not only do Techem pay FA. to develop their next generation of environmental alarms (much more than a smoke alarm), at the end of it not only do they licence it to Techem (significant revenue straight to the bottom line) they are free to market and sell to the market.
Those with long memories will remember the huge amounts spent on generating the home connected product. That was a huge financial burden on FA. In this instance someone else is paying them to generate it.

I re-read the partnership announcement again. This stood out for me especially for a company that has a market cap of just over 20 mil:

Pursuant to the terms of the partnership agreement, the Partner will fund the development phase of the next generation smoke alarm. In addition, FireAngel will receive a fee of GBP1.4 million for use of its background IP during the development phase. Thereafter, once production of the next generation smoke alarm has commenced, a royalty fee per product will be payable to FireAngel with a multi-million volume fee agreed for the initial 30 months. Manufacturing of the next generation smoke alarm is expected to commence in early 2024. It is forecast that 7 million new devices will be produced with a minimum of 3.5 million expected to be produced in the first 2.5 years.
It is anticipated that FireAngel will be responsible for production of the new smoke alarm and that a manufacturing partner will be selected jointly during the development phase. It is expected that FireAngel will receive a minimum 3 year manufacturing commitment and will receive a manufacturing and support fee payable for each device delivered.
John Conoley, Executive Chairman of FireAngel, commented: " This is the most significant development for FireAngel for several years and is expected to be transformational for the Group. The directors estimate that, during the life of the partnership, the Company should earn up to EUR21 million in royalty, management and support fees.

21 mil euros for starters. But given their size and breadth of apartments under management I see no reason why they would not increase this commitment significantly in time. Why spend all that money to develop something and then not use it fully would make no sense.

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