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SPRP Sprue Aegis

77.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 77.00 75.00 79.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sprue Aegis Share Discussion Threads

Showing 1751 to 1773 of 1775 messages
Chat Pages: 71  70  69  68  67  66  65  64  63  62  61  60  Older
DateSubjectAuthorDiscuss
29/6/2018
17:37
Evening Mas.

Yes, no problem. On my to-do list...been up to my eyes. Will do at some point during the weekend & post the link.

Have a good weekend.

Regards
GHF

glasshalfull
29/6/2018
17:16
Hi GHF - probably need a new thread based on the name change to Fire Angel (Epic is FA.) since the existing one cannot be modified to reflect this. Are you happy to set up a new one on that basis ?
masurenguy
28/6/2018
09:26
I was also pleased with the statement too - particularly the following comment from the Chairman

"I do expect the Company's operating results to improve significantly in 2019 and beyond, driven by greater efficiencies and margin control, alongside our ambition to expand our geographic footprint and broaden our product base. Looking at the current year, our new business pipeline remains robust, with new and exciting opportunities emerging, in particular, with our connected home platform. We firmly believe that the Company is well-placed to capitalise on a number of exciting operational and strategic opportunities. We are now in full control of our manufacturing processes and see a strong pipeline of new business opportunities with our existing product set, along with increased interest and demand for connected home solutions."

masurenguy
28/6/2018
08:44
Been dipping my toe in on the back of all that kitchen sinking and very pleased with today's RNS.
alun rm
19/6/2018
12:36
Richard Beddard - 15/6/18:

16 Conviction Shares to Consider

...Three companies have very recently published annual reports, and I have yet to profile them. Sprue Aegis, Air Partner, and Animalcare Group are flirting with expulsion from the Decision Engine as they are low-scoring and I lack conviction.

Smoke and carbon monoxide detector supplier Sprue Aegis has experienced multiple calamities that have shaken my faith in the stability of the business. Its principal supplier, a competitor, has finally ended the two company’s fractious relationship at some cost to Sprue.

While things may settle down now Sprue has more straightforward relationships with new suppliers, another big source of unpredictability remains. The company benefits from surges in demand as governments pass legislation demanding householders and landlords install more detectors.

Like waves, these surges release backwashes once the legislation has been introduced and demand subsides leaving distributors washed up with surplus stock. I don’t think Sprue has been adept at handling, or communicating these waves, resulting in highly volatile profits.

simon gordon
15/6/2018
06:17
I am well. Unfortunately I took my ASCO profit way too early. I know this company pretty well. I just get the feeling they kitchen sinked the last results. Home connected about to fuel the next run north IMHO
the big fella
15/6/2018
06:06
Hope you are keeping well BF, I actually hold here, bought a lot higher up, Was tempted to buy more at 125,glad I didnt.Paul Scott has never been a fan, as for ASCO, another famous saying, a profit is not a profit, until you take it.
mr hangman
14/6/2018
21:25
Hangers. By the way how are you getting on with the not paying a divi argument at Accesso? Been saying that since 20p I recall?
the big fella
14/6/2018
21:24
Hangers. If I had fallen in love with this stock I wouldn’t have previously sold my entire holding between 285 and 340. Admittedly I bought back 40k at 266 only to see them fall to 120. That hurt but I loaded up sub 130 and sold the lot between 190- 240, and had no holding until yesterday. Falling in love or shrewd investment. Take your pick.
the big fella
14/6/2018
20:44
The context of that observation was what exactly ?
masurenguy
14/6/2018
19:57
There is a famous saying, never fall in love with a stock
mr hangman
13/6/2018
10:01
Welcome back TBF! That’s both of us enjoyed short sabbatical’s this year ;-)

Yes, your comments chime with my own conversations. Also apparent that they may have an opportunity in the near term to markedly increase CO sales in Germany following recent media coverage highlighting the issue.

From memory may be as low as 1% penetration of detectors (don’t have notes - need to confirm) and the undernoted article sadly highlights, “several hundred people die each year in Germany from carbon monoxide poisoning.”



Kind regards
GHF

glasshalfull
13/6/2018
09:45
For the sake of transparency the 35k bought this morning were mine "dipping a toe back in". Having spoken with the company at length last week and considered the excellent research posted here I think the time is right. From discussions it is clear they have been discussions with numerous parties on the home connected front. They now have an excellent product. They just need to land the first contract and I am sure that will be the catalyst for more to follow.
Trying to read between the lines,I am hoping for a bumper home connected contract to be announced soon, possibly around the time of the AGM, but if not it can't be too long until they start to make inroads in that space.

the big fella
12/6/2018
15:50
I have today bought back in 79p - a modest position that will hopefully grow following the AGM on the 28th. I can't add anything to GHF's excellent posts. Surely the Board took the opportunity to "Kitchen Sink" within the last update. I suspect so.
martinthebrave
02/6/2018
15:29
Good post GHF. Recent events have turned this into an investment for me that was circa +35% with a yield of 5.7% to one that is circa - 45% and no yield at all. Of course this is not a happy situation but I am just amazed at the behaviour of Newall given their 22% stake in the company. References to cutting off their nose to spite their face constitute a considerable understatement in this context !

However, I have not cut and run here since I believe that the company still has a strong future and that the fall in the shareprice is a significant over reaction. However, it is very disappointing that the dividend has been cut - and I understand why - since the yield would have been a compensation while waiting for the shareprice to eventually recover.

Appreciate your input & insight and hope you continue to update this on the thread going forward.

masurenguy
02/6/2018
14:38
Super interesting. Disagree on a few points (But then if I didn't I'd be invested here!), but this is what bulletin boards should be all about.

Great discussion, very polite, and I hope this does really well GHF :0)

pireric
02/6/2018
14:22
Thanks for the response.

I believe you are incorrect in your assumptions pireric. There has been significant legislative drivers (landlords, retrofit, France) & I envisage further regulation both country & market specific that will drive growth throughout Sprues various markets. So, ultimately it may not matter if consumers care or not. Legislatively they will require to adhere.

As for recurring, well their battery operated range have a 10-year replacement cycle & they have moved into the trade market in recent years. What about legislative requirements for new builds?

In respect of brand loyalty, it’s more the investment & innovation undertaken by Sprue that will be the catalyst here. The development of FireAngel Connect & Predict are in response to the direction of the market. SPRP is changing from a supplier of hardware to a tech provider (note name change proposal). The software will enhance the protection of people & properties from risk of fire. They’ve spent years developing cloud-based tech & acquired predictive algorithm to monitor data in real time to identify properties at an increased risk of fire.

This tech should command far higher margins & meets the needs of Regional Govts, Local Authorities, Care Home providers, etc. The orders here are in the range of hundreds of thousands...a different market entirely from one where Joe or Josephine Bloggs pops down to B&Q to replace his/her alarm they’ve had for 10 years.

Should also mention that SPRP have exclusivity with Screwfix, B&Q & Tesco’s. They are expanding from 83 Tesco stores to 900. So as far as brand loyalty is concerned, FireAngel may be the only one available to consumers in many instances.

Kind regards
GHF

glasshalfull
02/6/2018
13:46
Good post GHF. I guess the thing that puts me off with Sprue is that a lot of their historic demand was generated by impending regulatory requirements. Obviously, those are not going to recur, and I seriously question why anyone would care if their CO alarm etc. is IoT enabled or not. Sure there are benefits, but the vast majority of people I know would not even have purchased an alarm in the first instance had it not been so heavily recommended by authorities.

In addition, I don't think there is any real pricing power or brand loyalty in this market. If I look at the landscape today, there are more options out there. While Sprue might argue they're a top brand in terms of volume sales, I really don't think that translates into consumers actually caring.

I fear that Sprue could just turn into a company that has a decent part of the market but is only able to churn out 1-4m of normalised EBIT per annum. I don't see where the next large scale demand driver is, the structure of the board has churned a lot, their are still big question marks about their supply chain, and obviously, we don't have any real track record from the new management team.

pireric
02/6/2018
09:41
Synetics hasn't exactly been a riproaring success of late
pireric
02/6/2018
08:37
I believe nearly all the new FD’s director roles are Synectics group companies..so no cause for concern.
rhomboid
01/6/2018
08:31
Interesting to see a bit of bottow fishibng today. Anyone know or have experience of the new FD. He seems to have a whole host of directorships, which I always find a little off putting.
the big fella
01/6/2018
07:56
I would really like to go to be able to ask a lot of questions face to face, so much so that I'm tempted to go to the AGM, but Warwickshire is not very convenient for me. They aren't presenting to shareholders and would be shareholders anywhere are they?
gnnmartin
01/6/2018
06:49
New FD and Graham taking a back seat. I appreciate things are challenging for them at the moment but I would like to express my thanks to Graham over the years. In his words I was the first private investor to ever phone him when Sprue were a showdown of the company today well over a decade ago. Despite the troubles over the last few years Sprue are still my most profitable share I have ever held. I may have been fortunate with the timing of some of my sales but that’s life. Well done Graham and all the best for the future.
the big fella
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