Fireangel Safety Technol... Share Price (FA.)

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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
  -0.25 -2.17% 11.25 0.00 12:06:50
Bid Price Offer Price High Price Low Price Open Price
10.50 12.00 11.50 11.25 11.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 45.49 -11.03 14
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 11.25 GBX
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Halma (HLMA), Renishaw (RSW), Pipehawk (PIP), Holders Technology (HDT)

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

Fireangel Safety Technol... News

Date Time Source Headline
01/12/202007:00UKREGFireAngel Safety Technology Group Award of Options and PDMR Shareholding
24/11/202007:00RNSNONFireAngel Safety Technology Group IoT Partnership with the London Borough..
19/11/202007:00UKREGFireAngel Safety Technology Group Directorate change
05/11/202007:00UKREGFireAngel Safety Technology Group Update
02/10/202006:00UKREGFireAngel Safety Technology Group Holding(s) in Company
29/9/202006:00UKREGFireAngel Safety Technology Group Half-year Report
10/9/202006:00UKREGFireAngel Safety Technology Group Notice of Interim Results
04/8/202006:00UKREGFireAngel Safety Technology Group Holding(s) in Company
30/7/202006:00UKREGFireAngel Safety Technology Group Trading Update and Directorate Change
02/7/202012:56UKREGFireAngel Safety Technology Group PDMR Shareholding
More Fireangel Safety Technol... News
Fireangel Safety Technol... Investors    Fireangel Safety Technol... Takeover Rumours

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

Fireangel Safety Technol... Forums and Chat

Date Time Title Posts
30/11/202011:36FireAngel Safety Technology (formerly Sprue Aegis)410

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

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

DateSubject
02/12/2020
08:20		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 11.50p.
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 17p while the 1 year low share price is currently 9.50p.
There are currently 126,558,845 shares in issue and the average daily traded volume is 138,655 shares. The market capitalisation of Fireangel Safety Technology Group Plc is £14,237,870.06.
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17/11/2020
11:04		shanklin: Not sure even this can help FA., but obviously can only be a positive for them... Social housing residents will have right to smoke alarm after Grenfell https://www.thetimes.co.uk/article/d4a7bc98-285a-11eb-b054-8dc1447a1be1?shareToken=7c54719a59eda4edc52786ac006449de
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09/11/2020
02:21		davidosh: Just to mention that Judith Mackenzie of Downing who are one of the key shareholders in FireAngel will be interviewed by me on MelloMonday tonight. She will also be one of the panelists on the BASH session. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. Https://melloevents.com All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
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29/9/2020
09:50		tomps2: FireAngel Safety Technology (FA.) interim results overview with John Conoley, Executive Chairman, FireAngel Safety Technology Video: Https://www.piworld.co.uk/2020/09/29/fireangel-safety-technology-fa-interim-results-overview/ Podcast: Https://www.piworld.co.uk/podcasts/
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03/7/2020
10:34		nico115: 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
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22/6/2020
08:53		dangersimpson2: 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.
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28/5/2020
16:57		tanneg: 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".
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28/5/2020
16:49		thaiger: Directors bought significant amounts at price range of 13p- 14.28p not 2p!!
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27/5/2020
07:27		masurenguy: Update: 27 May Clear attempts to restart the construction sector, reinforce the expectation of a reasonably quick rebound in demand for FireAngel's unique cost-effective connected solutions. It is pleasing that demand, whilst reduced, has continued to recover in our international markets and the emphasis in many UK-customer conversations has moved to preparing to return to normal behaviour after lockdown restrictions have been lifted further........As announced on 8 April 2020, the Company raised a total of £6.1m (before expenses) through an open offer and placing and consequently issued 50,623,480 new ordinary shares at 12p per share.
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08/1/2020
23:16		ducktack: 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.
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07/4/2019
11:23		glasshalfull: Interesting take spannferkel FA. - FireAngel Safety Technology 🔥 I’ve mentioned previously that the shares have come off just a touch in the last 3 years. The shares hit 352p & m/cap c. £162m in Dec 2015. Fast forward to Friday, they closed at 23.5p mid & with 45,935,365 shares in issue this provides a m/cap of £10.8m. This represents a share price fall of (-93%) in 40 months. Quite an astonishing collapse! With a further 30,034,661 to be issued per the open offer this will results in a share count of 75,970,026 following the placing and a m/cap of £15.2m at the 20p placing price. Where will the share price go from here? Having considered the open offer, spoken at length with management & other significant FireAngel shareholders I believe it will be very supportive of FireAngels recovery & expedite the company’s return to profitability. That in turn should translate into a recovery in the share price (...typed with crossed fingers🤞 7995;). The placing provides a significant injection of cash which removes the uncertainty which has seen the shares continue their downward trajectory incessantly over recent months. The raise reassures customers, suppliers, HSBC & shareholders at a stroke with a recapitalised balance sheet...especially when the open offer is aligned to FireAngels stronger Q1 performance with sales ahead of budget. It’s important to consider the open offer in context of the current backdrop. * Refreshed Management - key hires by the company & a re-energised management team with the introduction of a new Chairman, Finance Director & experienced Operations Director in the last 4 months & the overall team now far better structured to deliver. * Legislative Drivers - beneficiaries of legislative drivers to growth and we are witnessing this in Scotland 🏴󠁧󠁢󠁳[7603;󠁴⏘31; , with the Housing Scotland Act making it mandatory to install interlinked smoke and heat alarms. I’ve commented on this in recent posts but yet again I believe that other countries will implement similar legislation in the medium term...particularly Scotland’s immediate neighbours...England 🏴󠁧󠁢󠁥[7614;󠁧⏘31; * New Markets/ Geographies - FireAngel also indicated winning new business in Singapore 🇸🇬 that make it mandatory for smoke alarms in all new residential homes HTTPS://www.straitstimes.com/singapore/smoke-detectors-mandatory-in-all-new-homes-from-june-2018-existing-homeowners-also-urged In parallel, development of their Connected Home proposition potentially opens up other markets such as the UAE 🇦🇪 where they have introduced legislation to connect ALL buildings to a centralised fire alarm receiving centre HTTPS://gulfnews.com/uae/government/all-uae-buildings-to-have-centralised-fire-alarm-system-by-2023-1.2285393 There is also the potential for their recently developed Connected Home Hub, smart panel & modules to be introduced into other markets that are looking for an IoT solution. * Mears Partnership - they inked a significant partner agreement with giant Mears in Sep 2018 that is just coming on stream now. This agreement opens up several prospects for the company in becoming the preferred supplier of smoke, heat and CO alarms to Mears UK portfolio of 900,000 properties AND supplying Mears properties with their newly developed Connected Home system that I mentioned above. * German come-back - it’s the recovery in the important German 🇩🇪 market which could provide a significant uplift to FireAngel in the short/ medium term. This market previously provided FireAngel with material sales at strong margins and I’m hopeful that they will deliver significant growth in this market once again through extension of their distribution networks; benefit from the 10 year replacement cycle (FireAngels first products introduced in 2007-2009 into this market); retrofit legislation and adoption of their connected home technology. * Reorganisation, Restructure & no D.A. Fee - Ongoing cost-saving initiatives at FLEX and also announced a reorganisation & restructure programme that yielded £400k annualised savings. Remember they will also save on the annual £2.9m distribution agreement fee to Newall from this year & onwards. As spannferkel mentioned, “won't it make existing shares harder to sell immediately afterwards as everyone will already have bought en masse at 20p?” Well only EXISTING shareholders are entitled to subscribe for shares under the open offer, not all will take up their entitlement. However, any NEW investors considering the company as an investment or perhaps those with only a small existing holding which they wish to increase will be left with no other option than to buy in the market. Now that FireAngel have indicated a stronger performance & with a repaired b/s, this may be on a few radars as a recovery share. Worthwhile reminding that the open offer is fully underwritten. There will be 75,970,026 shares in issue following the placing of 30m shares which is fully subscribed by Downing & a further unnamed investor. The details of the offer indicate Downing have agreed to subscribe for 17,750,000 Placing Shares. Directors (mainly Nick Rutter, Founder) are also committed to taking 900,000. As Downing currently hold 4,930,874 shares they are entitled to subscribe on the same 17 for 26 basis as other existing shareholders for 3,224,033 shares...so would only achieve a subscription of 17,750,000 shares under clawback arrangements should existing holders FAIL to take up their entitlement. It’s too early to speculate what may/ may not happen via the open offer, but I hold >1% of FireAngel equity and will be taking up my entitlement in FULL and I know several other investors that also own >1% & have intimated that they also intend to take up their entitlement in full. So, we could have an interesting aftermarket as there is absolutely no froth in the share price and I suspect only a small amount of retail investors were left in the stock when the open offer & results were announced last week. Summary I never thought the shares would collapse to the current £10.8m m/cap and was too early in re-entering the stock in Summer/ Autumn 2018...far too early! I keep coming back to the historic earnings of the company which suggest they should achieve £5m PBT as a baseline by increasing GM to 30-40% range, of course, with a fair wind from the important German market..and that’s before any contribution from their Connected Home proposition via Mears or any other market opportunities. I happen to think they now have the right ingredients to potentially multi-bag from here now. For me it’s all about selling and improving margins. Sounds simple!!! Disclosure As intimated in my summary above, I hold >1% of equity here & will hold >1% following the open offer as I’ll be taking it up in full and will therefore not suffer any dilution. Please remember, as usual, I’m talking my own book. Kind regards, GHF
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