Share Name Share Symbol Market Type Share ISIN Share Description
Sprue Aegis LSE:SPRP London Ordinary Share GB0030508757 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -1.71% 86.00p 82.00p 90.00p 87.50p 86.00p 87.50p 11,559 15:38:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 54.3 0.5 1.1 78.2 39.48

Sprue Aegis Share Discussion Threads

Showing 1726 to 1748 of 1750 messages
Chat Pages: 70  69  68  67  66  65  64  63  62  61  60  59  Older
DateSubjectAuthorDiscuss
22/5/2018
16:26
Still short , no intention of closing yet
pictureframe
22/5/2018
16:19
Still falling - sale at 82p - Thoughts as to whether still viable and at what price? Fund raising possible. How much and at what level? Management certainly seem to have taken their eye off the ball !!
pugugly
16/5/2018
12:12
Sorry I should have added the name change is clearly designed to draw a line in the sand and I get why they would want to do this. But it is yet another distraction and additional cost at the very time they need 100% focus on the core business.
the big fella
16/5/2018
12:10
My thoughts: With a mkt cap of 40 mil they need to be generating c 4 mil profits to stand still. We know they will be making a loss in H1. We have no idea to the extent of the overstocking in Germany, which was supposed to be the driver for earnings growth over the next few years. This year weighted more towards H2, but given h1 has been a write off that isn’t hard. No dividend. Cash under pressure, promise of a better 2019, but that is easy to say. No one will be buying this share until there is a clear sign of a recovery. The goodwill generated over the years with a loyal band of shareholders has gone. I like Graham and this has been a hugely profitable share for me over the years, but there is no room for sentiment in investment. I can see these drifting much lower from here. At the moment they are uninvest able. But things can change. They have always bounced back in the past. I hope they do.
the big fella
16/5/2018
09:26
Gone short this morning.
pictureframe
15/5/2018
21:42
I really don't buy into brand loyalty in this market... sure, you can have a good product, but if an established player with a good brand brought out a rival product, why would people feel loyal to FireAngel?
pireric
15/5/2018
21:34
The 14 million cash down to 3 million , lower sales, over stocking, increase in debtors make me think a placing or call for cash will be needed very shortly.
pictureframe
15/5/2018
11:31
It's been a disappointing 3-15 months. I'm starting to wonder whether they are just unlucky now, or were just lucky in the past.
gnnmartin
15/5/2018
09:49
Unfortunately it has all gone horribly wrong for them. Just been one disaster after another. One step forward and 2 back. I can’t see the share price recovering for a while yet.Real shame
the big fella
15/5/2018
09:43
Re dividend Dividend In light of the GBP3.8m cash cost in 2018 as a result of signing the Settlement Agreement, the Group's reduced prospects for 2018 as outlined below, the long term higher capital costs the Group faces using a third party contract manufacturer and the Board's commitment for continuing significant investment in new products and technology, the Board is not recommending payment of a final dividend in respect of 2017. The total dividend payable for 2017 is therefore 2.5 pence per share (2016: 8.0 pence per share). Our dividend policy will remain under constant review with the Board's desire to recommence dividend payments when it is prudent to do so.
pictureframe
15/5/2018
09:16
Per my tweet, SPRP Dipped a toe back in last week...did so a little too soon 😬 Sprue have kitchen-sinked results, a train wreck of an RNS! However, M/cap only £40m & £20m of investment has been made...so I’ve stuck yet ANOTHER toe in the water 😬 Stockdale 170p t/p...I’ve posted new Stockdale forecasts on Twitter for anyone interested. — fozzie - New ticker will be FAST I assume. From discussion with Sprue, market research confirmed that fireAngel a v well regarded brand & increasing technological innovation means they can move away from the past. Personally I’m pleased they are moving on. Of immediate importance is appointment of a FD & understanding of why Germany has been so weak. One of the growth drivers of previously written about was the retrofit opportunity not to mention that Home Connected sales should now be augmenting their offering in this important market. As mentioned, the investment, iP & fireAngel brand is worth way north of £40m...but the market will now look for evidence that FLEX move successful & sales stabilised. Never thought they’d be back sub a quid...but then again, nothing surprises me much these days! Kind regards GHF
glasshalfull
15/5/2018
08:28
FireAngel Safety Technology Group Ltd, not a name that trips nicely off the tongue is it! What's wrong with Sprue Aegis. Can only hope all the bad news is in now and we can start to move forward. Management have to deliver, no more mistakes.
fozzie
15/5/2018
08:28
DIA outsourced their underperforming inhouse manufacturing causing even greater problems!
cockerhoop
15/5/2018
07:39
That's a car crash RNS. Share price looks stuffed for at least 12 months. Credibility in the knackers yard. They gotta hope that they don't do a DIA when moving manufacturing.
simon gordon
14/5/2018
14:34
Good afternoon. I thought I would share this with you. I'm not a holder as I don't like the cash position and the £10m that will flow out the door by the end of the year. However, I went to a Sharesoc meeting in Birmingham were Sprue presented. One of the things that got raised was the provision for the short battery life on some products. I'd never heard of Sprue before the meeting Well, a couple of days ago my FireAngel starting beeping and I've got one of the dodgy alarms. Got onto customer support this morning and what a pleasure. Without 1 minutes Sprue have agreed to send me a replacement FOC to my house. No arguing, no quibbling, no take it back to the store where you purchased it, no demands for receipts, no make me wait in a queue for 20 minutes and then ignore me, just a very polite and helpful person who dealt with this absolutely 100% professionally. Well done Sprue!
cc2014
10/5/2018
20:28
It is currently a hold for me too, but the last few years have seen an alarming number of missteps, which have justifiably called the competence ofmanagement into question. I remember being present at the Liverpool Street investor presentation just over one year ago when management were extremely confident that they could return all the unsold stock to BRK and be fully paid out. At best, they were naive. There is much to admire about the company, but they have a lot to do to regain trust. A degree of openness as to what has been going on is required. I totally agree with the previous comment that they need to bring on board a respected FD ASAP. I am concerned that this has not yet happened - and that we have been left to draw our own conclusions as to the departure of the previous highly influential FD. They need to significantly raise their game.
james188
10/5/2018
18:23
Good evening everyone. Relieved for holders that SPRP can now draw a line under this latest BRK/ Newall episode & wash their hands of them. In retrospect the extension entered into March 2014 to extend the DA with BRK was a mistake, especially in light of BRK’s failed bid for SPRP in 2013. Hindsight is a wonderful thing! The important point about today’s release was for Sprue to break free from BRK rather than ramp up a legal fight over any alleged infringements. Also to be remembered that when SPRP were selling BRK goods they were doing so with the blessing of the BRK appointed NED Ashley Silverton on the board of SPRP (appointed 01.03.2011 - see RNS). Therefore despite SPRP taking a £3.8m hit, they are now free from the considerable distractions that the BRK action would have made. I thought the RNS poorly worded & the plethora of emails and messages I’ve received from investors today has also seen them question the £11m outstanding balance of payments. The company have clarified the position with me & confirmed this was simply a wrap up of all outstanding monies due to BRK under the previous DA. You may recall that SPRP received goods on 90 day landed credit terms, so this was monies owed for stock in Q1 & final instalment payment of the DA...so not an £11m hit to SPRP as many PI’s feared and saw the shareprice marked down at the open as a result of this woolly RNS. On the £11m payables to Newall, this compares to £7.7m at the end of FY16 & £11.2m at the end of FY15 to give some context. Also important to note that Sprue DID NOT require the £3m which was drawn down & pleased to see this repaid in full. All said I was delighted that mention was made that both businesses can now move on, “without the risk of legal claims” & with this firmly behind them I bought back in this morning. Almost 40% wiped off the share price since John Gahan left & BRK terminated the DA 8 days early. Hopefully the company will be able to press the “reset” button on the announcement of results Tuesday & I think the current price a compelling entry point. So essentially SPRP is an 11-year hold for me...with a 3-week sabbatical. :-) Kind regards, GHF EDIT : Edited post to include this - On the £11m payables to Newall, this compares to £7.7m at the end of FY16 & £11.2m at the end of FY15.
glasshalfull
10/5/2018
16:47
Another factor to take into account is BRK's 23% stake; now BRK is walking away will it dump its stake on the market depressing the price, or will it sell to an opportunistic bidder?
iamnotanumber6
10/5/2018
15:53
That is pretty understandable. I was very close but feel that the settlement means they can move on and the share price is now down over 65% since the warranty issue came out in early 2016 and if the dividend is 8p and the increased margin flows through from Flex it is pretty fairly priced. They are in the last chance saloon and need a good experienced FD asap
harrogate
10/5/2018
13:16
I've lost faith in the management here, there have just been too many banana skins so have sold out entireley. Best of luck here for the future I'm just moving on. 3800
3800
10/5/2018
09:51
Agree with Harrogate and it looks like BRK had them over a barrel on the residual branded inventory issue. However, the decks have been cleared following this one-off financial £3.8m hit and hopefully they can now move on to exploit the forward potential. The cost of the historic dividend of 8p virtually corresponds to the projected write-down to resolve the BRK issue so hopefully the potential dividend cut will just be a prudent one year measure and should be restored back to 8p again next year.
masurenguy
10/5/2018
08:40
There seems little doubt that SPRP breached the agreement and have been ambushed by BRK - after all they have 2 board members so have planned this stock issue for a good while. Pretty poor management by SPRP on this and the way the FD left and the way that they did the loan drawdown which was not needed. Having said all that if the slate is now clean and they have transitioned to flex smoothly this is still a very decent business and it will now be about what they do about the dividend - It must be cut but to what.
harrogate
10/5/2018
08:29
The terms of the settlement seem to me (on a quick skim) to strongly favour BRK, so I guess Sprue must have done something wrong. Anyhow, it seems the market's reaction is relief.
gnnmartin
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