Sprue Aegis Share Discussion Threads

[tanners] 05/1/2015 20:08

The FD sold 27000 in November at 3.02 and then issued a very upbeat trading statement just over a week later so hopefully history will repeat itself!

If the share price continues to perform strongly then quite reasonably those with significant holdings and/or options will seek to sell some in order to balance their investments.

[speedsgh] 05/1/2015 19:41

Unperturbed by today's rns of NED sale. Still has a substantial holding which should be worth a fair bit more than it currently is by this time next year. Aimho

[sdavey] 05/1/2015 17:24

Director Sale = Tax Bill payment by 31st January......probably!

[jaws6] 05/1/2015 16:48

RNS out on Director sale .

[pj 1] 31/12/2014 18:03

No probs. When I spoke to SPRP they stated the take up to meet legislation in France could take up to 2 years. Im not aware any forecasts are based on a massive ramp up short term

Happy New Year

[sogoesit] 31/12/2014 17:56

The point being that take-up in France is likely to be slow, at best... given the french "environment".
I actually think take-up in the UK would be better.
I was attempting to highlight the difference in cultural attitudes between UK and France... and provide some input to the BB.... but apparently failed miserably with my comment, PJ1. Lol
I am a holder of this stock.
Good Luck & Happy New Year!

[pj 1] 31/12/2014 17:04

Sogoesit

And your point is...???

[sogoesit] 31/12/2014 16:51

Strange, I just had an APSAD fire certification inspection (APSAD R4) done on a property in France in December and the certifier did not mention the new law in his write-up. There are, however, sophisticated fire extinguisher systems on the boiler but no requirement for smoke detectors.
The insurer gives me a 10% discount for this level of "sophistication" on the property.
Maybe the French are waiting 'til next year... bureaucracy can take a long, long time in France... if the parties are willing!! Not even mentioning the amount of money which can pass "sous-la-table" if necessary!!

As an aside, having worked in France for a number of years, and in procurement in a different industry, I think it highly unlikely the French would think a British product would be superior to a French one :-)!

I have smoke alarms in my home (together with chain-shutting doors) in the UK but was told about 3 years ago by a building inspector who inspected the property for an extension project that these were "no longer a building regulation requirement".

[strollingmolby] 30/12/2014 16:44

I'm sure you're all well ahead of me, but here's mention of the looming deadline in France on this French property/holiday website:

hxxp://www.frenchentree.com/france-forum/topic/reminder-smoke-detectors-mandatory-8th-march-2015/

This mentions 3% of premises as having a detector installed...

[jaws6] 30/12/2014 16:25

Oh ok.I was thinking for fincap last month meeting .
No prob.will find it.
Thanks.

[glaws2] 30/12/2014 16:17

Jaws - it was the Derby Mello in Nov 2014. It was verbally quoted.

[jaws6] 30/12/2014 16:13

David
will try to find that.

Glaws2
Was that from last Mello SPRP meeting ? I was there too ,
need to find that info page .

[glaws2] 30/12/2014 16:10

David

At Mello they quoted 50 CO deaths and 300 fire related deaths in the UK. A quick google confirms this - there were 388 fire deaths in 2012 (not all home dwelling related).

I'm surprised that the French deaths are only about double this.

[davidosh] 30/12/2014 16:00

The French Ministry of Housing estimates that only 2% of houses in France are currently fitted with smoke alarms, compared to 98% in Norway and 89% in England.

Between 600 and 800 people die in house fires in France every year. Seven in 10 blazes start at night, after people have gone to bed.



The directors of Sprue quoted the same figures at a recent presentation. I wonder how the French got to a 2% figure....it is alarmingly low ! spot the pun...

Do we know the comparable deaths figure in the UK where 89% have alarms ?

I understand the insurers are already informing homeowners in France that their insurance may not be valid without the correct fitted detectors in place. That will certainly speed things up if there are significant losses that are not covered and receive publicity and possibly fines as well.

[jaws6] 30/12/2014 15:28

david
new law comes into effect on March 8, 2015, and requires the owners and occupants of a property to ensure a properly functioning detector is fitted.

The French Ministry of Housing estimates that only 2% of houses in France are currently fitted with smoke alarms, compared to 98% in Norway and 89% in England.

Between 600 and 800 people die in house fires in France every year. Seven in 10 blazes start at night, after people have gone to bed. The ministry believes the number of fatalities would be halved if smoke detectors, which cost between €10 and €20 were fitted.

The ministry, in conjunction with the Ministry of the Interior and the Ministry of Ecology, Sustainable Development and Energy, has published the following information to help people select and fit an appropriate detector.

The device should be installed in a corridor or hallway leading to rooms that are used regularly. The sensor should be fitted to the ceiling or at the top of a wall, away from a source of smoke.

The occupant, the owner or agency managing a property is obliged to check the sensor is working properly on a regular basis. CE-accredited detectors are fitted with a ‘test’ button for this purpose.

To avoid smoke detectors that do not meet EU standards the following requirements must be observed:

The unit should be marked with the CE notation

A power indicator must be included

The unit should be powered by batteries that will work for at least a year, or include an AC-power cable

The unit must emit a visual or audible signal, independent of a power source, indicating the absence of batteries or low batteries. The fault signal must be different to the alarm signal.

When it detects smoke, the unit must emit an alarm of at least 85 dB (A) audible at three metres.

The following information must be indelibly marked on the unit: the brand name, address of the manufacturer or supplier number, date of the standard that the detector complies with, manufacturing date or batch number and type of battery to use

The unit should be supplied with instructions for installation and maintenance. It must also have a model certificate that the occupant must provide to an insurer in case of a claim for damage caused by fire.

[shanklin] 30/12/2014 15:18

Surely in the UK it has been driven by insurers offering reduced premiums for those who install fire alarms. I struggle to believe French insurers don't encourage the same.

[davidosh] 30/12/2014 15:06

That is good to know. I would expect all landlords and agents to take their responsibilities seriously and it became law for landlords here over 20 years ago so amazing that France is so far behind in that respect.

Did you insist that you wanted a Sprue brand fitted lol ?

[papy02] 30/12/2014 14:33

davidosh,

we have a French property which we rent out on long term let via a local estate agent. They have written to all their landlord clients, incl us, offering a fire alarm installation service in partnership with a local installer, and quoting the March deadline. They are proposing 1 fire-alarm per property (the legal minimum) as the standard offer. They are offering a mid-range Schneider alarm (so not a Sprue brand).

I would assume other estate agents are doing similar, or at least flagging the legal requirement to their landlord clients.

hth

[davidosh] 30/12/2014 14:22

Does anyone have a way that we can see how fast the French market is adapting to the regulation changes ? Anyone living there or visiting France and seeing whether they are buying the detectors ahead of March ?

[jaws6] 30/12/2014 12:42

ok.no prob.
at least your reply pushed offer up

[glaws2] 30/12/2014 12:36

Jaws - my reply wasn't really very clear - I had seen the RNS and knew that there was an update due in Jan - my comment of "date not hinted at" referred to when in Jan the update would be due. Sorry I was less than helpful.

For what its worth my best guess on the update would be week commencing 19 Jan.

[jaws6] 30/12/2014 12:28

shauney2
Thanks. Hope Glaws seen that in post 993 or in last RNS .

[shauney2] 30/12/2014 12:17

From the November trading update,

"The Company will provide a further update on trading and prospects in January 2015"

[glaws2] 30/12/2014 12:11

Jaws - I don't think that a date has been even hinted at and there is no history to go on.