ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

FA. Fireangel Safety Technology Group Plc

4.25
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fireangel Safety Technology Group Plc LSE:FA. London Ordinary Share GB0030508757 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.25 5,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
3.50 5.00 4.25 4.25 4.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec 57.46M -5.85M -0.0323 -1.32 7.7M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:27:05 O 5,000 3.90 GBX

Fireangel Safety Technol... (FA.) Latest News

Fireangel Safety Technol... (FA.) Discussions and Chat

Fireangel Safety Technol... Forums and Chat

Date Time Title Posts
09/4/202416:47FireAngel Safety Technology (formerly Sprue Aegis)890

Add a New Thread

Fireangel Safety Technol... (FA.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 09:27:073.905,000195.00O

Fireangel Safety Technol... (FA.) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Fireangel Safety Technol... Daily Update
Fireangel Safety Technology Group Plc is listed in the Communications Equip, Nec sector of the London Stock Exchange with ticker FA.. The last closing price for Fireangel Safety Technol... was 4.25p.
Fireangel Safety Technol... currently has 181,066,637 shares in issue. The market capitalisation of Fireangel Safety Technol... is £7,695,332.
Fireangel Safety Technol... has a price to earnings ratio (PE ratio) of -1.32.
This morning FA. shares opened at 4.25p
Posted at 28/3/2024 16:34 by the big fella
Well I managed to lose about 250k on the way down here so I am in no position to comment. You pays your price you takes your chance. At least I have managed to offset a few capital gains over the last couple of tax years. An unmitigated disaster which I called wrong pretty much from when I reinvested.
Posted at 08/12/2023 16:27 by harrogate
FA have been selling Chinese units for ages. And the buyer is Singapore based.
Posted at 23/11/2023 15:33 by gnnmartin
Thanks for the warrant update. Very fair.

Billy, I think you can accept for the warrants and not for the shares, but I think it unlikely that the shares will remain listed. Most likely is that the more than 90% of shares accept the offer, in which case Siterwell will compulsorily purchase the remaining shares.

If Siterwell get less than 90% acceptances, then they might abandon the bid, in which case no shares or money changes hands.

Or if Siterwell get less than 90% but more than (IIRC) 50%, they might go unconditional, in which case those shares & warrants that have been offered will be bought, and those that haven't will remain with the current holder.

In that last case, and just possibly in the first too, it is possible that Siterwell will just run .FA with the remaining shareholders in place. If they do that, it is likely they will delist the shares.
Posted at 16/11/2023 09:12 by gnnmartin
4.4p for the warrants is quite generous. The offer is 7.4p per share, so if you exercise the warrant and accept for the resulting share you get a net 4.4p eventually.
Posted at 16/11/2023 08:37 by tiswas
That is 150% profit in a few months based on the exercise price Billy! Or infinity based on the fact that you have not forked out anything!

Thanks for letting me know how the warrants will work, still have heard nothing from iDealing.

Another bidder looking unlikely, preumably management would have already talked to all suitors just a case of whether they change their minds.

I have been selling quite a few at 6.7p in case the bid fails. Warrants, not that many, will just have to wait.
Posted at 29/10/2023 07:27 by jojaken
>>Tiswas + Harrogate

My understanding is "The Offer extends to any FireAngel Shares which are unconditionally allotted or issued and fully paid" as of the closing of the takeover -- and of course the warrants from the June fund raise weren't exercisable until June next year under the conditions laid out at the time of their issue.

But to be clear, the topic of the warrants are covered in point 10 of the offer document issued Friday which reads,

"10. FIREANGEL SHARE OPTION SCHEMES AND FIREANGEL WARRANTS
The Offer will affect holders of options under the FireAngel Share Option Schemes and holders of FireAngel Warrants. Appropriate proposals will be made to the holders of such options and warrants in accordance with Rule 15 of the Code, and each grant of such options and warrants shall be treated in accordance with the rules applicable to it. Further details of these arrangements will be communicated to holders of options under the FireAngel Share Option Schemes and holders of FireAngel Warrants in due course.
The Offer extends to any FireAngel Shares which are unconditionally allotted or issued and fully paid (or credited as fully paid) on or before the date on which the Offer closes (or such earlier date as ISE may, subject to the Takeover Code, decide) including any such shares allotted or issued pursuant to the exercise, release or other settlement of existing options, awards and any other rights granted under the FireAngel Share Option Schemes or FireAngel Warrants following the Offer becoming or being declared unconditional in all respects."

Good luck in getting ISE to include the warrants from the June fund raise in the offer, but as far as I can see they are not obliged to give anything for them. Of course they might be generous and offer something as a goodwill gesture. IMHO
Posted at 28/10/2023 20:02 by hedgehog 100
Well done to FA. shareholders on trebling their money overnight.

This bodes well for Parity (PTY): market cap. £1.91M. at 1.85p, 2022 revenue £40.6M.

PTY's net debt as at 30.6.23 was only £0.7M., and the company was close to EBITDA break-even.

PTY may well currently be considering takeover overtures.
Posted at 27/10/2023 14:17 by eezymunny
With a scheme of arrangement they'd only need 75% and Ademco would be irrelevant. Best guess it's that they've agreed something with Ademco but they only bought their stake a short while ago and the share price was a fair bit higher then.

Could be there's a bit more to come, or the whole thing falls apart. Normally I'm quite good at buying (or not) these situations, but this one hard to call IMO.
Posted at 27/10/2023 07:02 by bigbigdave
The Boards of Intelligent Safety Electronics Pte. Ltd ("ISE") and FireAngel Safety Technology Group plc ("FireAngel") are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer to acquire the issued and to be issued share capital of FireAngel not already owned or controlled by ISE (the "Offer"). ISE is a company incorporated in Singapore and wholly-owned by Siterwell Electronics Co., Ltd ("Siterwell"), a leading manufacturer of intelligent security protection for life and property which utilises an advanced smart security ecosystem technology. ISE currently holds approximately 17.46 per cent. of the issued ordinary shares of FireAngel Safety Technology Group plc.

Under the terms of the Offer, the shareholders of FireAngel ("FireAngel Shareholders") will be entitled to receive:

7.40 pence per share in cash for each FireAngel Share

· The Offer of 7.40 pence per share in cash for each FireAngel Share (the "Offer Price") values the total issued and to be issued share capital of FireAngel at approximately £27.68 million.
Posted at 25/4/2023 12:34 by billybunter1970
I think the problem with a takeover is back when the share price was £3.25 there were ~45m share in issue, giving a market cap of £135.5m. With the dilution of the past few years, shares in issue is now 181m, this would give a peak share price of £0.75.

I suspect most of the major shareholders would be reluctant to sell much lower than a 50% discount on what they could have had 5 or so years ago. I think they will hold out for an offer > £0.50 / share.

As soon as the measures introduced by the CEO kick in and the figures start to look positive, FA will sky rocket again. At the moment its all just words.
Fireangel Safety Technol... share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock