Posts in LSE:SPRP

Sprue Aegis launches fire detection product in Germany

Sprue Aegis said it had launched a new fire-detection product at a trade show in Nuremberg, Germany.

The so-called FireAngel Predict product was expected to be launched in the UK and other countries in Europe later this year, the company said.

At 10:01am: (LON:SPRP) Sprue Aegis Plc share price was +1.5p at 190p

Sprue Aegis forecasts profit rise as cost control offsets sales slip

Safety product supplier Sprue Aegis said its full-year operating profit was expected to be in line with market expectations.

Operating profit would more than double to around £4.5m, up from £2.1m in 2016, the company said, despite sales slipping to £54.3m, from £57.1m.

Earnings would be booted by a significant improvement in gross margin and pro-active management of the cost base, it added.

At 8:33am: (LON:SPRP) Sprue Aegis Plc share price was -11p at 199p

Keep holding these shares for the future

Keep holding these shares for the future

Despite some problems, there's no reason to ditch these two stocks yet, argues companies analyst Richard Beddard. He's holding because of what they might still achieve in the future.

Why I’d ditch Lloyds Banking Group plc to buy this dividend and growth stock

After a challenging year in 2016 that led to a profit collapse, Sprue Aegis (LSE:SPRP) is bouncing back. The company designs and distributes smoke and CO alarms, including those that can be connected to the internet, and City analysts predict a 128% recovery in earnings this year and 32% during 2018.

Sprue revenues up

Sprue said group revenue rose to £26m in the six months ended 30 June 2017, up from £25.9m in the first hallf of last year.


- Adjusted operating profit of £1.5m (H1 2016: operating loss £0.9m)

- Gross margin pre-BRK distribution fee up by 6.2% to 31.7% (H1 2016: 25.5%)

- Return on sales before share-based charge improved to 5.6% (H1 2016: (3.5%))

- Basic EPS improved to 2.8p per share (H1 2016: 1.3p loss per share)

- Strong balance sheet, no debt and cash of £10m (30 June 2016: cash of £14.7m)

- Total warranty costs in line with

Sprue announces launch of UK's first battery-powered 'natural gas detector'

Sprue announced the launch of the UK's first battery-powered 'Natural Gas Detector', a major new product innovation for the company, under its FireAngel brand.

The FireAngel Natural Gas Detector is uniquely powered by replaceable batteries and is simple to use as a portable or freestanding device.

Designed and independently tested to meet the European standard for domestic combustible gas detectors (BS EN 50194), the unit features a semi-conductor catalytic sensor that continuously detects combustible gas plus "smart" test, silence and reset buttons for ease of use.

The FireAngel Natural Ga

Sprue reports strong return to profitability

Sprue reported a strong return to profitability through a significant improvement in gross margin and a net reduction in overheads. As announced on 15 June 2017, Sprue made a positive start to the year and for H1 2017 expects to report sales of approximately £26m (H1 2016: £25.9m) and operating profit of approximately £1.5m (H1 2016: operating loss of £0.9m before share based payments charge).

The Group remained well positioned to deliver full year adjusted operating profit in line with market expectations.

Top ranked shares for the future

Top ranked shares for the future

After upgrading his decision engine, companies analyst Richard Beddard thinks he's got to the heart of investing and the reasons we so often make mistakes.

These small-cap growth stocks look significantly undervalued

With the FTSE 100 trading close to a record high, it may seem as though all stocks are highly valued. While in some cases this may the case, there continue to be a number of growth stocks which could offer high share price returns in the long run. Certainly, their outlooks may be somewhat risky, due in part to their size and lack of scale. However, here are two companies which could prove to be highly profitable investments over a sustained period.

All resolutions passed at AGM of Sprue Aegis

Sprue Aegis has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 2:27pm: (LON:SPRP) Sprue Aegis Plc share price was +20p at 215p