Fireangel Safety Technol... Share Discussion Threads

[the big fella] 24/6/2022 15:51

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.

[timetosell] 24/6/2022 09:35

FireAngel’s ongoing warranty costs and Sterling’s weakness against the USD continue to suck cash out of the business at an alarming rate. It looks like the board couldn’t face a yet another - a fourth - fire sale of shares for an emergency cash raise so instead, opted for the £3.5m LOC route. Three cash raises have been necessary as the business is still on life support stretching creditors to fund the wage bill. A technology business with a gross margin of close to 20 per cent - you can’t make it up. Palliative care in Coventry continues. Good on you JC for getting on with the job.

[tiswas] 24/6/2022 07:56

I think JC is trying to give us a sign! 😇

[masurenguy] 23/6/2022 08:11

23 June 2022: Director Purchase: John Conoley, Executive Chairman of the Company, yesterday purchased 80,000 Ordinary Shares of 2 pence each in the Company at a price of 10.67 pence per share. Following this transaction, Mr Conoley and his wife now have a total beneficial interest, in aggregate, of 1,363,607 Ordinary Shares, representing 0.75% of the Company's issued share capital.

[billybunter1970] 21/6/2022 13:30

@gnnmartin That is disappointing to see, but look at how many "excellent" reviews they have had. The FA products are usually top notch!

[gnnmartin] 21/6/2022 10:37

I am very disturbed to hear from a number of sources that they still have the 'chirping battery' problem, and don't seem to be handling customer complaints too well. See for example: uk.trustpilot.com/review/fireangel.co.uk?stars=1

[harrogate] 21/6/2022 10:20

Yes thanks for that. Decent write up. The elephant in the room here though is the £ weakness. While they might have hedged for 2022 to a decent level it is hard to imagine that the fall from $1.40 to $1.22 has done anything but put the margin for 2023 and beyond back quite a few % points. These guys can't seem to buy a break

[tiswas] 21/6/2022 09:57

Surprised no comment on the BRK (Resideo) stake but otherwise good article.

[the big fella] 21/6/2022 09:07

Worth a read. hxxps://ukinvestormagazine.co.uk/fireangel-safety-technology-group-now-is-the-chance-to-buy-into-a-company-just-before-it-starts-to-turn-a-profit/

[tiswas] 21/6/2022 09:04

Good update under the circumstances. Two brokers have 1.4p and 2.1p pencilled in for '23 and 2.4p and 3.00p for '24. Surprised they have not been guided closer to one another but either way if they keep on track looking very cheap!

[the big fella] 21/6/2022 09:03

There have been a few positives that seem to have gone unnoticed recently. Today we have a positive "in line" AGM statements despite the usual variety of headwinds and I note the expectations for a strong H2 with improving margins and this before the additional price rises they refer too. A couple of years ago we could have expected the usual profit warning with the fall in GBP vs USD, but no, we are in line. That again is a sea change. Yesterday we saw the LOC announcement. This helps in reducing their creditor days, so an important cog. Recently we saw the Techem JV is being delivered ahead of schedule. Another positive. Share price is on the floor. I don't think it should be.

[microscope] 17/6/2022 16:50

Yeah did wonder if it might be something like that, just the 25 minute time difference made it look more like two trades to me.

[gnnmartin] 17/6/2022 12:52

It could be someone selling shares they hold in their own name and buying them back in a shares ISA. This is best done when the price is low (like now). If you have a broker, you can usually arrange to buy into the ISA at very little more than you got from selling the shares.

[microscope] 17/6/2022 10:27

14,585 at 10.97p at 8.00.14,585 at 10.98p at 8.26.First listed as buy, second as sell.Could be coincidence of course, but I really do wonder about people sometimes ?

[masurenguy] 17/6/2022 07:32

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.

[billybunter1970] 30/5/2022 12:26

Is there something in the accounts that we didn't already know about?

[oldtimer169] 30/5/2022 11:46

Shareprice firesale...

[tiswas] 30/5/2022 10:06

They are there now.

[timetosell] 30/5/2022 09:51

We can only live in hope that the Board will publish the 2021 accounts on the company website before Mello so those non-shareholders can see the 2021 accounts. Currently we can only see the 2020 accounts which they have inadvertently published on the company web site once again. Come on team FA

[melloteam] 22/5/2022 13:41

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows: Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50). Just to let shareholders and prospective investors know that FA will be among the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on Wednesday. There will also be keynote speakers such as Lord John Lee, Leon Boros, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. For more information, please visit the event webpage: Https://melloevents.com/mello2022/

[billybunter1970] 11/5/2022 10:28

It would be encouraging to see some of the other big holders increasing there holdings by a similar percentage.

[masurenguy] 11/5/2022 07:24

Killick increase their holding by 7.7%.

[the big fella] 13/4/2022 14:25

Interesting to see whether Resideo (Honeywell) want a European presence. With a large chunk already and FireAngel on the floor an offer is a strong possibility.

[harrogate] 13/4/2022 12:01

I think there is no requirement at all but suspect they will do the form.

[tiswas] 13/4/2022 11:52

https://finance.yahoo.com/news/newell-brands-nwl-divests-home-140702939.html It looks like the sale of the Newell connected home and secirity business to Resideo went through on the 4/4. Anyone know the timescale for overseas corpotations having to declare shareholdings in UK AIM listed companies?