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FireAngel Safety Technology (#FA.) – warns emphasising “not yet efficient enough”, reviewing product development and R&D strategy

2019-12-09 07:23:50

FireAngel Safety Technology (#FA.) – expects H1 “slightly ahead of budget”

2019-06-25 07:29:53

FireAngel (#FA.) – £6m open offer at 20p, already conditionally raised via a placing which is subject to clawback under open offer

2019-03-29 00:56:22

FireAngel Safety Technology – “below market expectations” trading update, balance sheet alarm?

2019-01-31 07:56:47

On the previous, 22nd November, trading update from home safety products group FireAngel Safety Technology (FA.), I noted now the broker is forecasting a loss of £1.7 million on revenue of £38 million for this year, though argues “it is more encouraging that orders have started to come through and we are making no changes to our 2019E or 2020E forecasts”. Given the noted recent track record, that though still strikes as optimistic currently… continue to avoid as the shares fell towards 35.5p. Having been 39p before today, they’re currently around 30p…

FireAngel – argues “increasing pipeline of opportunities continues to build”… but for now it’s another “materially below” warning!

2018-11-22 08:08:39

Previously writing on shares in home safety products company FireAngel Safety Technology (FA.), I noted as they soared to 77.5p on a partnering agreement that the upcoming reality of disappointing results together with even the near-term trading outlook uncertain saw me continue to avoid. Today a “Trading Update” – and the shares currently circa 20% lower on the day of the back of it, towards 35.5p!...

FireAngel Safety (#FA.) shocker of a FY profits warning, Nicola Sturgeon only partly to blame

2018-11-22 00:57:22

FireAngel – shares soar on partnering agreement, but how’s overall trading?

2018-09-12 10:20:36

Shares in FireAngel Safety Technology (FA.), the former Sprue Aegis, are currently more than 30% higher today, at 77.5p, on the back of a “Partner Agreement” announcement…

FireAngel – from “more heavily weighted towards H2 than has been the case in recent years” to…

2018-08-06 13:56:24

Previously writing on FireAngel Safety Technology (FA.) – then Sprue Aegis – it was on a 25% share price slump to below 100p and I concluded we’ll see on improvement the company expected and, meanwhile, on underlying financial metrics, the share price reaction looked entirely understandable and I continued to avoid. Today a “Trading Statement” commencing, “The company expects to report H1 2018 sales of approximately £17.7m (H1 2017: £26.0m) and an operating loss of approximately £1.8m (H1 2017: £1.5m profit), in line with management's expectations. However,”. Uh oh…

FireAngel (#FA.) – trading warning, delivering a potential FY loss

2018-08-06 06:30:06