RE: Beldray and Salter product recall. UK and ROI.12 Jun 2024 15:22
I think this is a bit of an over-reaction. Companies normally have some product recall insurance which will cover some of the cost. The device is circa £63 on Amazon, that's a cost of roughly £47 per unit (for the full unit), but we are talking about the adaptor, which is likely much less costly. Likely below £20. That's a circa £400k hit, with no insurance, with some admin cost, say £500k with no insurance. That's not a big hit and at present it looks relatively isolated. These things happen frequently. Now if they had say 3 products and it was a third of the portfolio that would be concerning, but it's one of many products across a wide ranging portfolio. Looks like an overreaction to me - it isn't currently considered material enough to warrant an RNS.