Fireangel Safety Technol... Share Discussion Threads

[tomps2] 30/4/2021 14:58

FireAngel Safety Technology FY20 results and placing overview. John Conoley, Executive Chairman updates us on FireAngel's progression on strategic priorities and gives an overview of the FY results with a stronger performance in H2. We discuss the £9m placing and open offer and how they are going to use the funds. The priorities are to return to profitability, become cash generative, which will be achieved with the gross margin improvement plan and the rollout of the connected homes technology, whilst maintaining the leading position in the retail markets and growing the UK and EU trade business.

Video:

Podcast:

[yasx] 30/4/2021 14:43

Talking up the rationale for the placing, and, as ever, the prospect of good things to come. When on earth will this management properly deliver...

hxxps://www.piworld.co.uk/2021/04/30/fireangel-fa-fy20-results-placing-overview/

[billybunter1970] 30/4/2021 09:11

I'm hoping for more good news in the next month to push the share price closer to 30p, this will trigger me to buy my offer shares, else I'm taking the dilution on the chin!
It's about time 'loyal' shareholders got some upside from FA.

It will be interesting to see if Newell take up the offer???

[monkey puzzle] 30/4/2021 08:36

POS company another AIM lifestyle business

[pictureframe] 30/4/2021 08:32

look at it previous listing....same old same old

[onehanded] 30/4/2021 08:12

sold above 19p, bought at 12.8p so profit banked. can always buy back in the future. Can't see this going any where again for another year. Hope holders happy with management.

[horndean eagle] 30/4/2021 07:57

Placing is done. Revenue is up 30% year on year in q1 and they have made big strides in improving margins and have other easy wins coming up for that to continue. Social housing contracts should start to come through now and the future is more optimistic than it has been for some time now.

[onehanded] 30/4/2021 07:56

year after year of loss, always after money from investors, when is it going to end. Share option obscene and all funded with PI money. In profit from 13p and time to move on. I think this will never make a profit, even with more contracts. Directors come and go with their share options and pay.

[the big fella] 30/4/2021 07:56

Disappointed with the results but not surprised.
Yet another fundraising.....disappointed but not surprised.
Another project instigated to look at gross margins .....welcomed but surprised it’s taken this long.
Q1 2021 sales higher than q1 2020 despite the lockdown......encouraging.
At least the German contract provides some comfort.
And the USD exchange rate is still c 1.4 which will help.
It will be interesting to see updated broker forecasts.....not that they have been anywhere near reflecting reality over the last few years.

[phowdo] 30/4/2021 07:38

Looks like theres FA cash again.

[tiswas] 30/4/2021 07:27

Good to see Singers appointed as joint brokers.

[onehanded] 30/4/2021 07:25

i don't think they will get placing away, as such a bad results 18p seems way to much, 14p would be a fair offer and open offer. We will see, might as well sell and lock in profits and buy open market later. Money to line management pockets and their options.... i won't be buying any. The results are as bad as ever...
Contract news with no revenue projection...

[microscope] 30/4/2021 07:19

Was pretty much laughed out of here a month or so ago when I suggested another placing might be on the way.Abysmal results as expected, but at least the recent contract news should help get the placing away.

[tiswas] 30/4/2021 07:08

As expected the price walked down ahead of the placing.

No surprise but disappointed with size of discount.

[monkey puzzle] 28/4/2021 15:21

History repeating itself here...look at that chart

[jojaken] 28/4/2021 07:08

No results today! So they are leaving it as late as possible. Never a good sign! Irrespective of what the results show tomorrow, they are not doing themselves any favours. Let's hope tomorrow draws a line in the sand.

[the big fella] 22/4/2021 14:27

Tis was - you can never say never with Fire Angel but I do get the feeling we had turned the corner in Q1 last year only for COVID to throw a spanner in the works. So everything is effectively delayed by a year.

Just looking again at the German contract. It really is transformational for FA. Their industry does not stand still. With this deal the Germans are effectively paying them to generate their next generation platform, which at the end of it they are free to sell to whoever they like. In addition there is minimum unit sales as well which no doubt will flex up given they manage 12 million (yes 12 million) apartments globally.

[tiswas] 22/4/2021 14:17

TBF

I agree totally. Just worried this is being walked down for another fund raise.

I can see the possible need for additional working capital with all that is in the pipeline but it would be nice to see it done at a small premium this time.

[the big fella] 22/4/2021 10:31

Results should be in the next week or so. What I am hoping to see:

Current trading – even though we are in lockdown I am hopeful Q1 21 sales will beat the strong sales pre lockdown in Q1 20. That will be a strong indicator momentum is building even before we come out of lockdown, and given the noises made in this respect over the last 6 months I see no reason for them not to.

COVID loans – hopefully these will have been renegotiated so that they benefit from a longer interest free period.

Production / margins – the FLEX move has been a bit of a disaster from day 1. Given the recent contract announcement with the German company and the pointer given to working with new manufacturers I am hoping that either there is evidence FLEX are finally getting their act together and margins are improving on the high volume products or there is a plan to move some production elsewhere to someone that can improve margins. This is key to future profits growth. We need margins to improve on the low margin / high volume products.

Outside hope of further contract news or guidance of strong pipeline.

Positive outlook statement.

[tiswas] 16/4/2021 15:48

Harrogate. Yes, I agree.

Maybe they even thought that there was going to be a chance that they could pick the co up on the cheap from administrators at one time. Apart from subscribing in the placing they have not exactly been helpful!

[harrogate] 16/4/2021 15:25

Maybe. Given that they held their % in the last 2 placings I had assumed they would want FA. They have no European distribution now and maybe they are waiting for FA to sort out all the historic issues and develop the tech before they pounce - pay a bit more for the derisked situation. Results should be imminent I would think and interesting to see current trading volumes and outlook

[tiswas] 16/4/2021 13:44

That would certainly give them a springboard but if the right price was offered I am sure they would sell. Who else, I think that there would be a large number of "internet of things" companies that might be interested as the products become more technology focused.

[harrogate] 16/4/2021 13:33

Aren't Newell with their 23.4% stake the only potential bidder in reality. ?

[tiswas] 16/4/2021 13:23

Trouble is that it has a habit of exaggerated movements both up and down. Hopefully the results in the next week or two will confirm that the company is fully back on track and with all the recent good news the share price should really start motoring.

I still think that some of their major competitors must be looking on enviously at the recent news and if finances have stabilised then they are going to have a very limited timescale in which to make a bid.

Personally I would still not be interested in anything under 75p even at this early stage of the turnaround.

[masurenguy] 16/4/2021 12:57

Rise continues - shareprice has doubled over the past couple of weeks !