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

By Steve Moore | Thursday 31 January 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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…

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