Fireangel Safety Technol... Share Discussion Threads

[dangersimpson2] 14/6/2019 11:42

It drifts on low volume and then spikes up when there is a big buyer in the market. e.g. when the non-exec was buying £100k worth the price firmed significantly. It's the reality of investing in small cap shares.

[tiswas] 14/6/2019 11:20

Big move on such little volume. At least it can't be a fundraising!

[balcony] 10/6/2019 10:27

Good to see a 50k buy,Nice if its more director buying.

[tiswas] 07/6/2019 13:01

Annual report arrived in the post today. The one document I much prefer to physically skim through rather than reading on a computer screen.

[mr hangman] 03/6/2019 16:41

But good news for investors looking to "top up"

[the big fella] 03/6/2019 16:28

Strange stock indeed. NED shells out £100k on shares and PI's rush to the exit.

[dangersimpson2] 30/5/2019 16:00

Does seem strange that NED's are so keen to buy, but then they will have been in a close period since the 29th January and the share price was 39p then, so in reality not a big premium compared to their last purchase opportunity.

[fozzie] 30/5/2019 15:34

I still have an average just under a pound here but things are looking very much better.

[cc2014] 30/5/2019 15:16

This is the most ridiculous share I've ever seen!

First it gets pushed down over and over to a crazy low price, so low one might imagine it's in trouble... Little director interest.

Then rights issue at 20p and then just a few weeks later directors keep buying at higher and higher prices, now at nearly 2.5 times what they could have paid earlier.

Well done to all the holders who've stuck with this share. I'm not sure if I'm learning something watching from the sidelines but it's certainly interesting.

[glasshalfull] 30/5/2019 14:53

FireAngel Safety Tech🔥 #FA.

😮 Nice NED purchase just announced - 214k shares at 46.5p
Quite a vote of confidence as open offer was at 20p in April 2019





Kind regards,
GHF

[balcony] 30/5/2019 14:44

Thats one decent size Director purchase

[glasshalfull] 20/5/2019 16:44

Afternoon folks,

Just a courtesy to update those unable to attend regarding last week’s excellent Mello event where the CEO Neil Smith & new FD Mike Stilwell attended both days to meet & speak with investors. They did not present having delivered 2 presentations at the Nov 2018 event.

I spent a considerable amount of time with both gentlemen & came away impressed at their drive & passion in seeking to deliver on behalf of the company. I’ll not regurgitate the historic issues...it’s all contained on this investment thread & the preceding one (under SPRP ticker). I will say that they certainly did not duck any difficult questions & simply want to remedy errors & drive shareholder value.

The attached link to my Twitter account provides a quick snapshot of their attendance at Mello. I’ve provided 4 linked tweets. They were happy to sit down & run through the current market, product set, Scottish opportunity, partnership with Mears & what it means for the company, etc, etc. Absolutely invaluable & why Mello an excellent opportunity for all investors to gain a better appreciation of companies.



I came away excited by the possibilities. As per my recent write-up - as posted to this thread - I believe they have multiple growth opportunities & if they execute as hoped then there is no reason why the shares can’t significantly re-rate from here IMHO.

Kind regards,
GHF

[ny boy] 17/5/2019 10:12

mr hangman,

Might have some of these, surprised you are not in (STX) - (my retire early stock),


There are some great stock about if you go researching a bit.

[mr hangman] 17/5/2019 10:03

Must be going down well at Mello

[pugugly] 13/5/2019 08:39

GHF Thanks for link to Downing Strategic Micro Cap - Looks like a disaster zone - OK we can all have some -50% or more fallers in our portfolios but offset by a limited number of multibaggers - DSMC have none of the latter. Message received probably unwise for follow their purchases at the time of purchase.

[glasshalfull] 13/5/2019 07:55

Nick Rutter (Founder) presented on both days at MelloLondon (Nov 2018), detailing the market & their new tech.

Mello2019 - This time around I believe that the CEO & new FD will be in attendance & exhibiting (speaking with investors) feather than presenting. A one-to-one with investors.

Hope this assists.

Kind regards,
GHF

[glaws2] 13/5/2019 06:53

Doesn't look like they are actually presenting at Mello

[paduardo] 12/5/2019 20:54

Is any one attending Mello this week - if so would you mind posting you thoughts on the FA. presentation and any insight from conversation with them at the stands? Thanking you in advance.

[briggs1209] 07/5/2019 17:14

nice find, thanks

[glasshalfull] 05/5/2019 11:22

Morning folks,

Downing Strategic Micro Cap investment trust released their FY results on Friday which contained this positive update on FA.




FireAngel Safety Technology Plc (FireAngel) (0.97% of net assets)

Cost: £2.89m. Value as at 28 February 2019, £0.40m.

Update to the investment case

Good:

· Restructuring of balance sheet with £6m raise

· New senior appointments - FD, Chair and Operations Director

· Trading in line with revised expectations

· Further local council contract wins in Scotland

· Directors buy shares

Progress against investment case

It has been a challenging 12 months for FireAngel, the manufacturer and distributor of fire safety products. Management faced an aggressive legal challenge over the termination of a distribution agreement, took its eye off the ball in one of its main markets (Germany) and lost sales, faced manufacturing issues, issued a profit warning, and lost an FD - none of this was in our initial investment case.

Although some of these issues were self-inflicted and arguably badly managed, the fundamentals remain intact; the company has a strong position in a growing and regulated market. Although we understand that businesses don't always run smoothly and often face external challenges, we expect our management teams to adapt and plan accordingly. In the last six months the company has gone through structural and management change. We are delighted to have John Conoley as chairman, Mike Stillwell as FD, and a new COO, Andy Gregg. In addition, we ensured that a £6 million raise was completed, and 'underwrote' a large percentage of the raise, at what we believe was an attractive price. The instruments for effective and managed growth are now in the tool box.

As we have said previously, we love the regulated markets in which FireAngel operates, and its barrier to entry through IP. We believe that these initiatives mean the company will be more efficiently managed, and more capable of adapting to challenges. It is all there for FireAngel to achieve; they have a strong position in growing and regulated markets and well invested IP. Now we want to see that they can execute.

-

Kind regards,
GHF

[professor x] 02/5/2019 09:26

Fantastic write up GHF. Thanks for taking the time to share this.

[glasshalfull] 02/5/2019 09:16

I’ve been writing up my (fantasy football) portfolio on Twitter. This morning it’s now the turn of :-

(#6) FireAngel🔥 - The Comeback Kid

Posted most of it previously on this thread but included forecasts in the update.
I’ll not regurgitate, link to tweet if anyone’s interested.



Kind regards,
GHF

[glaws2] 01/5/2019 19:54

I'm afraid to say that Neil Smith is one the major reasons why I can't re-invest here; within 8 months of his arrival the precipitous fall in share price began and the man at the top has to bear most of the responsibility for the litany of banana skins.

[briggs1209] 01/5/2019 18:20

It does seem a token holding. But then again I always tend to trust the FD's share purchases a bit more than the CEO