Fireangel Safety Technol... Share Discussion Threads

[mr hangman] 15/1/2020 16:42

Forget about someone hoovering up, Someone can't add up

[ducktack] 08/1/2020 23:16

Nice 100k at 16.50 today. I think just about every bit of bad news was baked into the share price at 9-10p. Since then the price hasn't gone parabolic as before but seems to be building a nice smooth base. Not overextended on RSI but someone is hoovering up. 100k is only c.£1650 but yet moves the price a few %. Most have given up despite the decent rise over the past month. Nofew comments here which I like. The new system is being tested and IF adopted by the many HA's could shoot the price up. All about new deals now as current price is alaigned to same sales going forward. share price is now above the Nov/Dec flatline price.

[chrysalis] 02/1/2020 14:52

Seems someone is nibbling away at these. Considering the last results and the slew of profit warnings this year it would suggest that maybe at last some good news might be on the horizon. Some positive news on how these trials are going would be nice !!!!!

[onehanded] 24/12/2019 09:00

I see this has started to be on a few peoples watch list. All depends on signing the new contract from the new system. If taken by companies for new large building and housing groups it could be very profitable. A lot of people waiting to see contract news. Would jump massively. Risk / reward options. News of the contract in Jan?, should test 30p on any news, but will need to break 20p resistance first. Will watch....

[pj 1] 10/12/2019 14:15

Well, after many years of following Sprue and now FA the time has come for me to abandon this thread as I have no intention of trying to bottom fish. It is also a defence against any possible future rash decisions.

Sprue remains my largest ever profit where I was lucky enough to bail out as the chart turned downwards (no I didn't sell at the top), and historically the BB has always been in the main very constructive with balanced debate. The odd 'moron' was ignored by the regulars.

So thanks to all for their input and efforts and I wish you all the best until I buy back in at a much higher future price in an uptrend.

The bacon butties were also very nice at the AGM's!!

PJ

[epo001] 10/12/2019 13:33

This could be a real bargain if it recovers, Or perhaps a takeover target?

[topvest] 09/12/2019 20:55

Turnarounds seldom turn.

[microscope] 09/12/2019 12:25

Abysmal. Not often you see a company warning for the following year at the same time as the current one. I wonder, as others have pointed out, how much cash (from shareholders who must now be ruing their choice if they still have the shares) raised at 20p, is left.

Management might be decent and committed people as we've heard often from posters on here, but sadly that doesn't necessarily automatically make them successful at their job.

Hopefully the company will survive but I wouldn't be betting - less still investing - on it. A turnaround is years away reading that statement today.

[bsharman3] 09/12/2019 12:20

#DISAPPOINTING

[phowdo] 09/12/2019 07:44

Soon to be FA cash left.

[angus17] 09/12/2019 07:29

No mention of cash. Oh.

[masurenguy] 09/12/2019 07:23

Very disappointing year end update and this seems to be rapidly becoming a "jam tomorrow" business. The question that is then raised is whether tomorrow will ever come ! Conoley has got a lot to do here if he is going to turn this around !

Trading update: 9 December
Revenue for the year ending 31 December 2019 is now expected to be below previous market expectations in the range £44.5 million to £45.0 million and the Company's underlying operating result, before the impact of the change to straight line amortisation previously described in the Company's interim results announcement released on 24 September 2019, is expected to be a loss in the range £2.6 million to £2.9 million. This is based on exchange rates as at the date of this announcement.

Through the detailed work carried out during the course of this year in reviewing processes and procedures across the Company, it is clear that the opportunity to drive gross margin recovery in the short, medium and long term remains significant. To allow actions from this margin recovery plan to gain traction, the Board proposes to leave its 2021 market guidance intact, but is reducing its 2020 underlying operating profit outlook, including the change to straight line amortisation, to around £0.5 million, which represents EBITDA of approximately £4.4 million. However, the Board, is focussed particularly on gross margin and cash generation. In addition, it is reviewing its product development and research & development strategy to maximise use of resource and focus on higher margin connected products.

Commenting on the results, John Conoley, Executive Chairman of FireAngel, said:"While 2019 will see a fantastic sales performance, the Company is not yet efficient enough to benefit from that growth. It is disappointing for everyone to have missed the profitability target after so much hard work. It is time now to generate a return on our research & development investment. We are strongly focussed on gross margin, EBITDA and operational cash generation in 2020 and beyond, and our current experiences with connected technology field trials underpin our optimism for future profitable growth."

[ducktack] 02/12/2019 01:16

They must be burning through their cash pile. No news and a host of ‘possible̵7; big contracts. I can see yet another profit warning coming. After doing a bit of research it appears the CEO that left recently has had his previous 2 companies forced into liquidation. Just sayin’

[masurenguy] 29/11/2019 15:02

Heigh Ho - It even gets marked down on a day when there are not any trades !

[epo001] 29/11/2019 13:45

Not that lucky, I bought BUR before the drop ;-(

[robow] 28/11/2019 16:38

lucky you epo!

[epo001] 28/11/2019 16:11

What shares are 'worth' and what the market is prepared to pay can be two different things.

Further director buying now would be encouraging.

(Not a holder, still on the sidelines.)

[tiswas] 28/11/2019 15:53

Sadly it was his buy that stopped me top slicing at the time.

Just goes to show that even insiders do not have a clue as to what the shares are worth!

[masurenguy] 28/11/2019 15:35

Scorned by market and a great disappointment to existing investors. Insiders have also been hit with the most recent purchase of 214,000 shares by NXD John Shepherd @46.5p only 6 months ago have subsequently dropped 70% from £99.7K to £30.0K. Market value of £10.8m compared to annual revenues of circa £40m and a projected operating loss of £1 - £1.5m in the current year.

My broker is currently showing my shares in this company as being worth zero which prompted me to check whether they had suddenly gone under before calling them to ask why ! Is this a bad omen or could this just be a signal that they have now reached a nadir in their valuation !

[gnnmartin] 24/10/2019 14:31

I noticed FireAngel detectors were discounted at a local agricultural/horticultural equipment shop (Mole).

[tiswas] 24/10/2019 14:06

Small sells killing this.

Here's hoping for some good news from the company pretty damn soon.

[tiswas] 03/10/2019 10:11

ds

We have an idea as to how much the tech cost by looking at what has been capitalised but like you say what is it actually worth?

I think if we see more rns news about contract wins with local authorities and housing associations then we can perhaps assume it is the superior tech out there.

The top level management are also fairly new so a bit harsh to say confidence in them is low, although they do need to deliver.

Overall I agree with you. But why maintain that stake of circa 23%, they are not in the fund management business?

Cheers

[dangersimpson2] 03/10/2019 10:04

Can't see the management recommending a bid at this stage, they have worked so hard over the last few years to develop their own range of connected home products they would see selling out now as a failure. It is just a shame that their execution has been so poor that they took the company to the brink while developing the next generation of products.

However, confidence in the management is so low that a hostile bid of around 50p is likely to be successful even if management don't recommend it - management no longer have a blocking stake so this could be anybody's if they really want it...the question is does anybody?

[tiswas] 03/10/2019 09:08

I can't help asking myself what the rationale was for BRK/Jarden/Newell taking up their shares in the placing.

Ok its small beer to a multi billion dollar market cap company but how high up the chain would they have had to gone for approval for the funds and what would the rationale have been? Why, longer term, would they want to maintain a 23% holding in a company they no longer have a trading relationship with?

I guess what I am saying is at this lowly market cap do they see the technology as attractive enough to bid for the remainder of the company and use their sheer size to better market it worldwide?

Just a thought.

[homeboy] 24/9/2019 15:12

is this another mello dud