UK 21:28 Wednesday, 30 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
FireAngel Safety Technology Group (FA.) has announced agreement on the terms and conditions of an offer from 17.5% shareholder Intelligent Safety Electronics, owned by Siterwell Electronics Co., Ltd, which it emphasises as “a significant premium to FireAngel's current prevailing share price” and following a review which “considered a number of options for the group in order to ensure all potential avenues to build stakeholder value have been fully explored”. Good news for shareholders then?
Previously writing on safety products group FireAngel Safety Technology (FA.), in July with the shares down to 3.25p I noted that it would be interesting to see the complete half-year balance sheet detail but that not being confident for the future financially here was also supported by the considered need for an “important in addressing certain key issues” strategic review. So what of the now having been announced half-year results detail and the shares currently in response down to below 3p?
Previously writing on safety products group FireAngel Safety Technology (FA.), last month with the shares falling below its 5.05p per share fundraising price I concluded bearishly – desperate results, management change and fundraising... and still uncertainty?!. Today a “Trading Update and Directorate Change” announcement and what of the shares currently materially further lower at 3.25p?
Previously writing on home safety products developer and supplier FireAngel Safety Technology Group (FA.), in April with the shares heading down towards 8p I questioned how much of an achievement would just a slightly improved current year performance really be and concluded to avoid/sell. The group has now announced results, “Directorate Changes” and an “Open Offer and Placing”.
Previously writing on home safety products developer and supplier FireAngel Safety Technology Group (FA.), in January I concluded sceptically as it admitted the 2022 “result will not be what we had set out to achieve” but the share price leapt to 10p. The shares most recently closed at 11.25p… but are currently heading back towards 8p on the back of a trading update, so what’s going on?
Home safety products developer and supplier FireAngel Safety Technology Group (FA.) has issued a trading update and the shares are currently up by more than 24% in response to 10p. But how impressive is the news?
Home safety products group FireAngel (FA.) has made an update commencing that “it remains on target to meet market expectations” and including that “recently, the company notes that it has seen a slight improvement in component availability which is encouraging for 1H 2022”. So what of a share price, at 13.5p, which remains depressed even compared to earlier this year?...
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…
