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FireAngel – trading ‘in line with expectations’…“with two particular exceptions”. Uh oh...

By Steve Moore | Tuesday 25 April 2023


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.


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?

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