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 0.0% 11.15 54,032 08:00:00
Bid Price Offer Price High Price Low Price Open Price
10.80 11.50 11.15 11.15 11.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 43.47 -3.71 -2.00 20
Last Trade Time Trade Type Trade Size Trade Price Currency
11:42:56 O 54,032 11.00 GBX

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Date Time Title Posts
27/6/202209:57FireAngel Safety Technology (formerly Sprue Aegis)727

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Fireangel Safety Technol... Daily Update: Fireangel Safety Technology Group Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker FA.. The last closing price for Fireangel Safety Technol... was 11.15p.
Fireangel Safety Technology Group Plc has a 4 week average price of 10.25p and a 12 week average price of 10.25p.
The 1 year high share price is 19.50p while the 1 year low share price is currently 10.25p.
There are currently 181,066,637 shares in issue and the average daily traded volume is 122,832 shares. The market capitalisation of Fireangel Safety Technology Group Plc is £20,188,930.03.
tiswas: Timetosell 5 posts since joining in July 2018 and all anti FA. No posts on anyone else so far as I can see and you even came up with a user name that summed up your thoughts on FA! Nobody would take it away from you that you were indeed right at the time. It was a sound call. Anyone invested here knows only too well that this has been a serial disaster over the last few years. We are here not because of that but because of the turnaround that we think we see happening. The new management team, improvements in margin and the supply chain, a growing market, leading edge products and so on. So come on, balance our newfound enthusiasm by sharing your reasons for having such a downer on them, we may have missed something and you might end up saving us a fortune! Its good to talk!
the big fella: I am not one to criticize however your last few post are all negative on FA. stretching back a year or two. Clearly you hold a grudge. Given that the share price it is at at its lowest level ever it is no wonder. But the points you make are not factually correct. The warranty costs are less than 1% of the costs of the running of business. These are historical and are well below what they are currently budgeting for. Exchange rates are out of their control. However, they adopt hedging strategy so this years numbers are unlikely to be "sucking cash out at an alarming rate". Margins have been a big problem. But the company have stated this will be improving. 2nd half this year will be c 30% and improving not 20% as you quote. Not sure what your agenda is but I would appreciate a modicum of accuracy.
masurenguy: 23 June 2022: Director Purchase: John Conoley, Executive Chairman of the Company, yesterday purchased 80,000 Ordinary Shares of 2 pence each in the Company at a price of 10.67 pence per share. Following this transaction, Mr Conoley and his wife now have a total beneficial interest, in aggregate, of 1,363,607 Ordinary Shares, representing 0.75% of the Company's issued share capital.
the big fella: There have been a few positives that seem to have gone unnoticed recently. Today we have a positive "in line" AGM statements despite the usual variety of headwinds and I note the expectations for a strong H2 with improving margins and this before the additional price rises they refer too. A couple of years ago we could have expected the usual profit warning with the fall in GBP vs USD, but no, we are in line. That again is a sea change. Yesterday we saw the LOC announcement. This helps in reducing their creditor days, so an important cog. Recently we saw the Techem JV is being delivered ahead of schedule. Another positive. Share price is on the floor. I don't think it should be.
gnnmartin: It could be someone selling shares they hold in their own name and buying them back in a shares ISA. This is best done when the price is low (like now). If you have a broker, you can usually arrange to buy into the ISA at very little more than you got from selling the shares.
masurenguy: Second Development Milestone Further to its announcement on 28 March 2022, FireAngel (AIM: FA.), a leading developer and supplier of home safety products, is pleased to announce that it has successfully delivered the second development milestone of its agreement with Techem Energy Services GmbH ("Techem") in connection with the new generation smoke alarm ("NGSA") being developed primarily for the German market. The second contractual NGSA development milestone, which was delivered ahead of schedule and within budget, sees the delivery of a development board (known as an Analogue Front End Board) specifically related to the control of the analogue sensing circuits, such as smoke sensing. This forms a critical element of the design of the NGSA and allows for significant technical de-risking. As a result, development phase two (DP2) of the Company's development agreement with Techem is already over 20 per cent. complete (up from 10 per cent. as at 28 March 2022) on a planned man-days basis.
the big fella: Yes. Most retail investors will want to see the results rather than take a punt on what may happen. It is time for the company the execute their business plan and deliver profits. If they do that the share price will take care of itself
the big fella: I would guess that went as part of the deal, which I believe finalises this month. Once that finalises we will get a holdings notification. Honeywell would see FA. As a prime European target. However yesterdays announcement with c35mil future sales would have to be a consideration if an offer were to be made. So although they are vulnerable at these levels any successful bid would have to be a significant multiple of todays share price. I would like to see the Directors buying shares as presumably they are out of a closed period now.
the big fella: In effect they announced today a c 35mil contract (7mil units at say 5 euro a pop over maybe 5 years), with no cost of sales, no development costs. And don't forget once they have developed this next generation products (at Techem's expense) they are free to sell it to whoever they like. And the share price hardly blinks.
the big fella: Just thought I would re-read some of the significant recent announements. Firstly from the trading update: During December 2021, the Company successfully completed the fully funded Research Phase 1 of its agreement with Techem Energy Services GmbH ("Techem"), one of the leading service providers for green and smart buildings. Techem's focus is on energy efficiency along the entire real estate value chain. Phase 2, the actual development of a new generation smoke alarm with additional functions and sensors, has begun. Techem is funding a co-operative project with FireAngel to develop the alarm over a period expected to last until late 2024. Detailed commercial discussions are underway, including the selection of potential manufacturing partners, and are expected to be concluded shortly. For those of you unfamiliar with Techem it is probably worth taking a look at their website. They have 12 million apartments under management worldwide. They are a monster. For FA. to be in partnership with them is an absolute game changer. Not only do Techem pay FA. to develop their next generation of environmental alarms (much more than a smoke alarm), at the end of it not only do they licence it to Techem (significant revenue straight to the bottom line) they are free to market and sell to the market. Those with long memories will remember the huge amounts spent on generating the home connected product. That was a huge financial burden on FA. In this instance someone else is paying them to generate it. I re-read the partnership announcement again. This stood out for me especially for a company that has a market cap of just over 20 mil: Pursuant to the terms of the partnership agreement, the Partner will fund the development phase of the next generation smoke alarm. In addition, FireAngel will receive a fee of GBP1.4 million for use of its background IP during the development phase. Thereafter, once production of the next generation smoke alarm has commenced, a royalty fee per product will be payable to FireAngel with a multi-million volume fee agreed for the initial 30 months. Manufacturing of the next generation smoke alarm is expected to commence in early 2024. It is forecast that 7 million new devices will be produced with a minimum of 3.5 million expected to be produced in the first 2.5 years. It is anticipated that FireAngel will be responsible for production of the new smoke alarm and that a manufacturing partner will be selected jointly during the development phase. It is expected that FireAngel will receive a minimum 3 year manufacturing commitment and will receive a manufacturing and support fee payable for each device delivered. John Conoley, Executive Chairman of FireAngel, commented: " This is the most significant development for FireAngel for several years and is expected to be transformational for the Group. The directors estimate that, during the life of the partnership, the Company should earn up to EUR21 million in royalty, management and support fees. 21 mil euros for starters. But given their size and breadth of apartments under management I see no reason why they would not increase this commitment significantly in time. Why spend all that money to develop something and then not use it fully would make no sense.
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