FireAngel Safety Technology – “below market expectations” trading update, balance sheet alarm?
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…
- By Steve Moore
- 2019-01-31 07:56:47