Hi, it’s Paul here, I’m on duty this week.
Estimated timings – I intend starting fairly early, and finish time will depend on how much news there is to report on. Update at 11:21 – OK that didn’t work out as planned. I’m on the case now, please see the list of shares I’ll be reporting on in the title above. Estimated completion time: 3pm. Apologies for any inconvenience.
Fireangel Safety Technology (LON:FA.)
Share price: 9.75p (down 24% today, at 11:26)No. shares: 75.9mMarket cap: £7.4m
Trading update (profit warning)
FireAngel (AIM: FA.), one of Europe’s leading developers and suppliers of home safety products, announces an update on trading for the year ending 31 December 2019.
This company makes smoke alarms. It has been incredibly accident-prone in recent years, with multiple seemingly self-inflicted wounds.
Revised guidance for 2019 is given today by the company;
Revenue for the year ending 31 December 2019 is now expected to be below previous market expectations in the range £44.5 million to £45.0 million and the Company’s underlying operating result, before the impact of the change to straight line amortisation previously described in the Company’s interim results announcement…
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