Fireangel Safety Technol... Share Discussion Threads

[pictureframe] 24/9/2019 12:44

changed the name same performance

[mr hangman] 24/9/2019 09:02

Another one from the Mello stable, but don't forget to buy your half price tickets

[topvest] 11/8/2019 09:27

Yes, unfortunately these LTIP schemes are common place. It's certainly not out of the norm; the directors get 5% of the equity if the recovery works. I'm still watching this one, but not ready to purchase as yet.

[serratia] 10/8/2019 22:28

It was suggested to me a while back that I might like to look into this one as a turn around opportunity. The first thing I do/did is run through the latest accounts. Things looked promising enough to move to the next step. Management quality - past record, have they delivered what they said in the past etc.
On to a search of RNS's re the above then I saw the last one. I don't think I have seen such greed in any company I've analysed and it's a fair number over the years.
I've learnt the best thing to do when I see that sort of thing is to walk on by. I'm sure that they'll do their best to hit their targets to get their hands on the cash as greed looks to be their motivation. On that basis it may be worth it for some to buy/hold on until their targets are met.
For me rule number 1 in investing in companies especially small ones is do I trust the management and with that level of greed the answer has to be no.
Good luck to those who join them for the ride.

[harrogate] 05/8/2019 13:26

Most of the guys in the new scheme were not responsible for the share price carnage and while it look generous I will not be complaining if they get the full whack in 3 years time. I do agree though that I don't like nil cost options.

[gnnmartin] 05/8/2019 12:39

Gosh, that's a jolly generous scheme! IIUC, 5% of the company at 2p per share if they get the share price to half that 2 years ago, plus new shares at half price at any future fundraising.

[briggs1209] 31/7/2019 12:11

I'm out now. I was lucky to get in after the big fall and around the rights issue price. Easy to say with hindsight that I should have sold when they doubled.

I think with the board changes it is not crystal clear that the recovery is on track.

I think wait and see is the order of the day.

Good luck to all holders

[topvest] 30/7/2019 20:53

Still watching here. I think I was right with my call that it was still a bit too early into the recovery phase. May get on board if the trading really looks like its turned which we should know in the next 6 months.

[tiswas] 30/7/2019 15:45

He is also non-exec chair at Parity, I think.

[fozzie] 30/7/2019 15:30

Correct Carcosa. FA. needs his full attention though.

[carcosa] 30/7/2019 15:27

Don't see it being an issue at all. Wameja have sold core business and seems they are in wind down mode. John will be giving up his Executive role in the company.

[masurenguy] 30/7/2019 13:34

John Conoley is also Executive Chairman of Wameja plc, an Australian based AIM listed company. How is he going to give adequate time and attention to an executive role in 2 entirely different companies ?

[fozzie] 30/7/2019 10:39

I was hoping for slightly more tbh but sales in every area of business are difficult to come by at the moment so perhaps not unduly surprised. Long term hold for me as 'trapped' in this one from much higher.

[dangersimpson2] 30/7/2019 10:03

Given that NS has been CEO during all that has gone wrong in the last three years I am personally surprised that he lasted this long.

The lack of notice does seem to suggest that he has been fired but the timing is a little strange given that we are now seeing the green shoots of recovery.

[tiswas] 30/7/2019 08:46

Sadly it was the Non-Executive Director purchase of 214,434 ordinary shares at 46.5 pence per share that stopped me taking some profits in May.

Not surprised to see Smith go, he had overseen the chaos. Not sure what his payoff will be or what extra Conoley will be paid but Smith cost nearly £300k last year.

Never mind, turnarounds don't happen overnight!

[homeboy] 30/7/2019 08:43

is this another mello dud resuming it's usual performance

[tiswas] 30/7/2019 08:21

Mr Market not too impressed, albeit on just 40k shares traded.

[interceptor2] 30/7/2019 07:56

Above just for info in case anyone has missed this RNS today which was separate to the trading update release.

Not sure if this was already anticipated?

Not holding here but wish investor well.

[masurenguy] 30/7/2019 07:29

Positive update but still geared toward second half performance to meet expectations for the year.

"The Company expects to report H1 2019 sales of approximately £20.7m (H1 2018: £17.7m) with results in the period ahead of budget. Within the overall revenue growth of 17% in H1 2019, as detailed in the Company's AGM statement released on 25 June 2019, sales of interconnected alarms grew over 30% year-on-year and accounted for 15% of total sales.

The growth in UK Trade revenue, which is expected to be more than 30% above the same period last year, together with continued recovery in the Group's German market, are particularly pleasing and indicate that the Company's market strategies and new product propositions are gaining traction. These signs of sales recovery augur well for medium to longer-term growth and mark important first steps in the Group's transition from a pure standalone hardware safety products supplier to a provider of connected safety solutions. The Board expects results for the full year will be in line with market expectations. With approximately 55% of the expected full year revenue to be generated in the second half, full-year performance is dependent on securing several exciting pipeline opportunities which are well-advanced in negotiations and trials.

[balcony] 28/7/2019 11:17

Trading update this week,Was stated as being just ahead at the time of AGM.

[tiswas] 10/7/2019 15:18

I am back in loss again, my breakeven was 36p!

[tiswas] 15/6/2019 10:42

Making a bit more sense now seeing that delayed 400k sale at 39.5p

[tiswas] 14/6/2019 15:30

ds

Fair enough but there is something funny going on here with decent volume and what appears to be chunky buys close to the 41p offer by Cantor yet all the other mms staying on 45p.

I do not suppose I will ever understand all the manipulation that goes on behind the scenes!

[dangersimpson2] 14/6/2019 15:12

I'm afraid it is in such an illiquid share!

For example, on 24th May you could sell at 45p, three trading days later on 29th small sells were only getting 40p. On 30th May a director was buying £100k's worth and you could sell up at over 47p if you hit the top. So the bid moved 18% because one person decided to buy some one day, so the illiquidity works both ways.

[tiswas] 14/6/2019 12:09

I wouldn't say that 13% is a drift!

Cantors seem to be sitting on the offer 4p below everyone else but I can not buy even nms at that price online. Probably need to call broker.