Fireangel Safety Technol... Share Discussion Threads

[onehanded] 26/8/2020 09:21

As I thought contract new must be soon. Will test and break 16p. We will see....

[somerset lad] 25/8/2020 10:17

I'd expect the potential connected home customers to watch how the first rollout goes before signing a purchase order. If the customer feedback is positive, the rate of sign ups should increase. DYOR as always.

[onehanded] 25/8/2020 09:18

I think the virus slowed down contract news with the councils but the new fire system is a world beater, just need confirmation and projected revenue.

Most significantly, the Board was pleased to announce on 30 June 2020 that a material initial purchase order in excess of GBP1.0 million had been received for the Company's first large-scale connected homes technology rollout. Training for installers is scheduled to take place over the next two weeks with first installations expected in August 2020. The Board believes that this will be one of the largest connected home 'internet of things' rollouts in the UK.

[tiswas] 25/8/2020 09:14

Hopefully the new NED is buying a few and we may get a rns when he has finished.

All going in the right direction including the exchange rate but an awful lot slower than I had hoped.

[onehanded] 25/8/2020 08:58

so seen a bit of buying last few days, expect the next contract news immanent. Should see the 16p mark resistance tested again. The board can't keep promising with no result. The clue will be any larger buys, as leaked info to people.

[cc2014] 24/7/2020 15:28

It's outrageous.

They've taken a loan under Covid scheme which means they can't pay dividends or director bonus yet they see fit to grant options at low prices instead.

[yasx] 24/7/2020 14:54

It is a concern that notwithstanding the matched incentive at 2p, the Board have only made very modest purchases.

[cc2014] 03/7/2020 12:37

Until such time as the large shareholders like Downing stand up to such behaviour it will go on and on. It seems to have become accepted as accepable but it's not.

I'm afraid it tells me something about the directors priorities and by cross reference to other stocks it seems as soon as they vest they are usually sold in full. It's just extra salary.

I like to avoid companies doing nil cost or deeply discounted options but it's getting harder and harder to do so. Frustrating.

[nico115] 03/7/2020 11:34

So directors get rewarded for failure Shares fall from46p to 14p after countless profit warnings They can now buy stock half price at 7p when we have to pay 15pIt's a disgrace and should be illegal Awful awful directors

[onehanded] 30/6/2020 08:19

A new beginning with contracts. Will test 16p and could break through, maybe. Should attract some small fund managers this week.

[wanttowin] 30/6/2020 08:08

Added a few this morning..indeed onwards and upwards please

[onehanded] 30/6/2020 07:54

The Board continues to believe that the medium and long-term prospects for the Company's unique technology are strong. It is delighted that the first material purchase order for its connected technology has been received, details of which are set out below, which it believes is a significant validation of FireAngel's connected proposition. A further update on the outturn of the first half will be provided in late July 2020.

[onehanded] 30/6/2020 07:30

At last, the roll out of connected on the way. orders in and so much more to come. Could be really big as more bigger contracts on the way. Good news as now can see recurring revenue as they saw. Onwards and upwards.

[masurenguy] 30/6/2020 07:12

AGM statement and Major connected home order

The Company provides the following statement ahead of the AGM:

Revenue for the six months ending 30 June 2020 is expected to be over 70% of the Board's pre-COVID-19 budget performance. As previously announced, this reflects the short-term impact of the unprecedented and wide-ranging measures the UK and international governments have taken to combat the spread of the virus.

Whilst the impact of COVID-19 over the period as a whole has been material, June has seen demand returning which led to the Company's sales team returning from furlough in the second week of the month. Retail sales in June are expected to be ahead of last year and pricing enquiries in our higher-margin sectors have increased markedly, with real demand now expected to return across July and August. The recovery of sales in higher-margin sectors will restore the momentum of the Board's self-help gross margin improvement plan which, given its link to sales levels, has been similarly held back by lockdown restrictions. This plan, allied to an expected improvement in margin mix, still remains central to the Company's improved performance towards the end of 2020 and markedly so beyond.

The temporary reduction in sales has caused a short-term increase in stock levels. The Company has mitigated the consequential impact of higher working capital by securing a loan of £3.2m through the Coronavirus Large Business Interruption Loan Scheme, as announced on 22 June 2020. Together with the net proceeds of the equity fundraising received in April 2020, this further strengthens the Company's financial position.

The Board continues to believe that the medium and long-term prospects for the Company's unique technology are strong. It is delighted that the first material purchase order for its connected technology has been received, details of which are set out below, which it believes is a significant validation of FireAngel's connected proposition. A further update on the outturn of the first half will be provided in late July 2020.

Major connected home order

Significant progress has been made with the Company's first large-scale connected homes technology rollout. A large London Borough Council, with which the Company has been in discussions since before the onset of COVID-19, has placed an initial purchase order in excess of £1.0m with its electrical contractor partner for the Company's connected home technology. A corresponding purchase order has been placed with the Company which is expected to be called off over the twelve months to July 2021. The order represents the first phase of the Council's planned rollout of FireAngel's connected homes technology. This is a material commitment to the Company's connected ten-year hardware, which is expected to be followed in due course by a software licence agreement between the Council and the Company, comprising an element of recurring revenue, required to realise the full connected capabilities and compelling benefits of the solution. The Board believes that this is one of the largest connected home 'internet of things' rollouts in the UK. While other pre-existing commercial opportunities continue to be progressed, commitments have been received for other new connected trials expected to take place in Q3 2020. New enquiries from social housing providers have been received and we expect the momentum of the first part of 2020 to return after the summer.

[masurenguy] 25/6/2020 10:30

Why are you expecting news over the next few days?

[onehanded] 25/6/2020 09:46

so friday or monday for news? could be a big one.

[onehanded] 23/6/2020 09:08

Just what I thought, did not go down after the last 3 RNS. MI Downing UK Micro-Cap Growth Fund only sold as they do not like over 20% on any holding and after the rights issues went over. Anyway after no sells yesterday post RNS means a good contract news with housing estates, builders, councils is due soon. I see some buying today will confirm this. Watching, tempted to top up today for the news. Have 22p level on the chart with news. Will see......May be at last the day has arrived. lol

[lomcovaks] 22/6/2020 14:22

All depends on new contract news. I bought early in the hopes of them gaining a slice of the upcoming legislative changes in Scottish fire regulatione. I'll buy more on 1st positive news flow and consider selling my small stake if the fluff this open goal

[yasx] 22/6/2020 10:09

Danger,

I doubt there was any prospect of a dividend over the next couple of years. Re the Director buying, I agree the 2p options are ridiculous and when I saw the (fairly modest) amounts purchased given the 2p option, actually it does not inspire huge confidence from the Directors.

Downing could be key - not sure if this is a technical adjustment for whatever reason, but, if they have had enough of the interminable excuses then it bode well. The next update will be key. Surely this bunch can't offer yet more excuses...

For the avoidance of doubt I am long, and, cautiously optimistic.

[onehanded] 22/6/2020 10:03

we will see. Expect news of their new integrated alarms with some building firms / councils / homes as mentioned a while back. I'm bullish to wait for these and will add on any drop. Not a day trading company but an investment and wait and see.

[dangersimpson2] 22/6/2020 09:53

CBILS loan adds security but acts as a dividend blocker for the next two years - not that they were likely to be in a position to pay dividends anyway.

I wouldn't read to much into the director buys, with the 2p options they are able to buy at around a 45% discount to the current price. It means they do see value above the 7-8p level but doesn't mean they are necessarily bullish at their purchase price.

Probably the bigger news is Downing reducing their holding - they have been the most supportive shareholder underwriting two consecutive fundraises at a minimal discount and in the process ended up with 20%+ of the equity. If they are continuing to sell down, either because they have lost faith in the strategy or they are forced sellers, then this could have a long way to fall given how illiquid it is.

[onehanded] 22/6/2020 07:19

RNS means money available ready to fill orders that have been delayed. Expect then news ahead. Will top up on any drop. Will test 20p on any news. Onwards and upwards.

[tanneg] 28/5/2020 17:57

Latest RNS states,
"As a result of the above purchases, under the Company's Share Matching Scheme, Nick Rutter will be awarded options to subscribe for 176,490 new ordinary shares at 2p per share".

[thaiger] 28/5/2020 17:49

Directors bought significant amounts at price range of 13p- 14.28p not 2p!!