29 Mar 2019

Set for profit recovery

- Robert Sanders
- 8 pages

FireAngel has reported FY2018 results in line with forecasts, following the trading update on 31 January 2019. We have made no changes to our future forecasts save for introducing numbers for FY2021E. Today’s news of a £6m fundraising at 20p per share will allow management to focus on delivering the return to profitability. This will be achieved by increasing both UK Trade and International sales and improving manufacturing efficiencies. We have reduced our DCF-derived target pric ....

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Set for profit recovery

Published: 29 Mar 2019
Author: Robert Sanders
Pages: 8

FireAngel has reported FY2018 results in line with forecasts, following the trading update on 31 January 2019. We have made no changes to our future forecasts save for introducing numbers for FY2021E. Today’s news of a £6m fundraising at 20p per share will allow management to focus on delivering the return to profitability. This will be achieved by increasing both UK Trade and International sales and improving manufacturing efficiencies. We have reduced our DCF-derived target pric ....