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
29 Mar 2019
Set for profit recovery
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Set for profit recovery
FireAngel Safety Technology Group plc (FA:LON) | 2.8 0 0.0% | Mkt Cap: 8.31m
- 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