Sprue Aegis Share Discussion Threads

[mg1982] 23/2/2015 19:52

Standard Life fund seems to be picking up stock which would explain the rise. Just saw someone post this on twitter:

Standard Life UK Small cap manager Harry Nimmo's current thoughts and holdings hxxp://goo.gl/RGDWEY #SPRP #GMS #SKP #GMS #PRES + more

I don't know if that link will work so you can try this to: hxxp://t.co/UweakClILR

[davebowler] 20/2/2015 16:01

From the FROG thread;

Beware of smoke detector con
February 18, 2015

CRIMINALS are trying to take advantage of the new law on smoke detectors in France by contacting homeowners to try obtain access to their properties by claiming that they need to check the standard of installation.

Although it will become mandatory for homes to have at least one functioning smoke detector installed after March 8, no organisation has been authorised to inspect properties. Anyone who calls to make an appointment, either by telephone or door-to-door should be referred to the police.

Smoke alarms are readily available in major supermarkets and DIY stores. There is no legal requirement for them to be fitted by an electrician.

In the case of rented properties, the law says that a landlord is responsible for buying the smoke alarm, or should reimburse the cost of purchase to the tenant. Long-term tenants will be responsible for the upkeep of alarms, including renewing batteries when necessary. For holiday or short-term rentals, this responsibility falls to the owners.

Householders should also inform their insurers that a smoke alarm has been installed. A brief letter, stating your policy number and address, declaring that you have fitted a smoke alarm that conforms to the NF EN 14 604 standard should be enough to ensure any claims for fire damage after March 8 are dealt with relatively quickly and easily.

Any smoke detector fitted in a home in France must meet the following standards:

Alarms have to meet the EN 14604 European standard and carry the CE logo or the NF EN 14604 equivalent. Consumer watchdog UFC-Que Choisir strongly suggests that buyers opt for alarms with the NF mark, as French standards are higher

It must display a power indicator and have a “test” button

The unit should be powered by batteries, with a minimum operating time of one year, or come with an AC-power cable

The unit must emit a visual or audible signal indicating low battery levels. The error signal must be different to the alarm signal

When smoke is detected, the unit must emit an audible alarm of at least 85dB audible at a distance of 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, maintenance and control of the sensor and the model certificate that the occupant must provide an insurer in case of a claim for damage caused by fire.
- See more at:

[davidosh] 12/2/2015 16:10

Maybe the other suppliers do not have the capability to actually ramp up production. That is why they were asking for a delay to the date for compulsory installation as they knew that they could not supply into such concentrated demand over short timescale !

[pj 1] 12/2/2015 14:48

Papy02 12 Feb'15 - 13:44 - 1085 of 1087 0 0

SPRP commented at Mello14 that they had been the only supplier who had met demand by increasing production, other suppliers had remained as was previously.

If that is still the case then there is a sort of 'levereged' benefit to SPRP with increased market share.

[glaws2] 12/2/2015 14:36

The Fire Angel brand is 'high end'. Full details on their website.

[mg1982] 12/2/2015 14:03

Does anyone know which of SPRP products are high end ones? And if we even have them in the market for selling?

[papy02] 12/2/2015 13:44

Yes I can confirm that the current situation in France seems to be that mainstream smoke detectors are out of stock and not available until end March (so, after the original deadline).

High end (e.g. wireless networked) ones are easier to come by.

Hope Sprue are maximising their sales into this opportunity.

[3800] 10/2/2015 20:21

for those of us who struggle with French a rather rough transalation below

Smoke detectors manufacturers on the warpath
March 8, all units must be equipped with a fire alarm.
Industrial organize themselves to take advantage of the surge in sales.
More than a month. March 8, all residential premises shall be equipped with at least a "standalone smoke alarm detector". The end of a long legal drama. The bill Morange, filed in September 2005 at the National Assembly had been adopted in March 2010, at the end of round trips between the two chambers. Before an amendment to the law Alur 2014 imposes liability to the owners of the facility.
According to a study commissioned by the BVA American brand Kidde, 87% of French are aware of the legislation. The equipment rate however not exceed 20 to 25%, according to estimates of firefighters and industry. Pessimists expect 35% at end 2015 and the optimistic 50%. It must be said that the law has no enforcement provision.
Up to 10 million sales in 2015
In 2013, the French market smoke detectors totaled 768,000 units for a turnover of 13 million euros, according to GfK. In all, five million sensors were sold between 2009 and 2014. According to some industry sales in 2015 alone could be more than double. "We have seen an acceleration in September," says Gaëlle Alloin, Marketing Director of Kidde. The French SMEs Nexelec, which markets the Insafe brand since May 2013 (40-45 euros with remote control), surfing the rise of the market. Its sales jumped from 300,000 euros in 2013 to € 2.3 million in 2014 and its founder, Frank Gréard, targets 15 million euros this year. The company, which has focused on positioning made in France, quality and design, wants to sell 2 million units in 2015, against 500,000 in the last eighteen months. Infernal production speeds that pushed SMEs to outsource manufacturing near Saint-Malo (200 indirect jobs). "We spend at 150,000 units per month in April. There he is interesting to manufacture in France, as the quality monitoring is much more effective, "said the president.
If manufacturers all have anticipated the wave of stockouts nonetheless lurking. So much so that on Friday, via an amendment to the law Macron, the Assembly decided to extend the deadline equipment at January 1, 2016 for owners who have signed a purchase agreement. "Some face unavailability detectors or installation companies," explains the Explanatory Memorandum.
If keep up is the first concern of manufacturers, some have taken a head start on the replacement market. "People will first choose detectors 15 euros, before removing the batteries on the first ring 85 decibels (the equivalent of a horn) to smoke a squeegee or steam shower "bet industrial.
Nest, a subsidiary of Google, its detectors incorporates not only a carbon monoxide sensor but also a voice function, a night light and a possibility to connect the unit to other equipment, such as flashing lights. "The smoke detector technology was invented in 1940 and has hardly changed since, slides Lionel Paillet, Director Europe Nest. With colors, sounds, lights, we also wanted to create an emotional contact with the object. "For that, it will still pay 109 euros

3800

[99matti99] 10/2/2015 19:42

Interesting article in Les Echos yesterday on the French situation. No mention of Sprue products unfortunately.



(1st time I've used tinyurl so let me know if it doesn't work)

FWIW I teach English to business people in Paris. 90% of my students are aware of the law. Those that don't have a detector already said that price would be the primary influence on their choice.

[the big fella] 10/2/2015 17:17

Judging by the 55k purchase it would appear an institution is taking advantage of the weakness.

[woodcutter] 10/2/2015 13:18

I've been accumulating too recently

woody

[neilgbudd] 10/2/2015 10:53

Agreed saj3 re long term. But feel it wall fall back further in the shorter term before it's next leg up, as suggested by the chart. Softer UK sales probably not helping either.

[saj3] 10/2/2015 09:08

Yes agreed PJ1 long term this going up!

[ramridge] 10/2/2015 09:08

Thanks PJ1. That's looking backwards. Looking forward, as the Euro continues to weaken, what's the view?

[pj 1] 10/2/2015 09:05

The positive impact on gross margin as a result of a change in sales mix was broadly offset by the net adverse impact of Sterling strengthening against the Euro and the movement in Sterling against the US Dollar. The Company's balance sheet remains strong with GBP15.9m of cash (2013: GBP5.2m) and no debt at 31 December 2014.

[ramridge] 10/2/2015 09:01

Hi Guys -
I am a long term investor here.
Has anyone worked out the impact on profits of Euro weakening against Sterling, and possibly continuing to do so as Euro QE kicks in?

[saj3] 10/2/2015 08:56

I have bought more!

[fruitninja84] 10/2/2015 08:43

Doh! Missed the chance to pick some up at 305.

[saj3] 10/2/2015 08:36

looks like treeshake, as last statement was good

[d4v1db] 10/2/2015 08:34

Tree shake? Or is some news about to be released?

[saj3] 10/2/2015 08:33

falling for any reason

[jaws6] 10/2/2015 08:31

whats up today ? any news ?

[pj 1] 05/2/2015 10:53

lol, unless they test the CO2 sensors?

I notice IG are now dealing with SPRP, hence the differing interest I suspect.

[shanklin] 05/2/2015 10:50

That should minimise the fire risk :-)