||ORD ILS0.01 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Simigon Share Discussion Threads
Showing 1851 to 1875 of 1875 messages
|For the record, the current forecasts are (at the current $1.236 to the £):
2016 - 2.7c, so 2.18p EPS
2017 - 3.0c, so 2.43p EPS
Finncap also forecast $6.7m cash at 31/12/16, against the £11.7m m/cap.|
|Yump & Daz - many thanks!!|
|In my view the most important part about the 2016 results will be the confirmation that work on the big contract has completed.
I bought in recently more for the potential that future contracts would have and which are not reflected in forecasts at the moment.|
|With exchange rate change 2016 more like 2.2p and 2.4 next, so its just sitting on a modest p/e of 10 at the moment, which seems reasonable enough on a 10%+ growth rate.
Ignoring the cash (which imo there is no chance of seeing distributed much, based on the history of loads of companies hoarding a wad), it needs one decent announcement to jump the price up in line with whatever growth rate is forecast.
They say they are in the larger contract area now, so that would be the hope - that creates a new lease of life in growth.|
|I notice the eps 2015 for was 2.62p whereas the forecast for the year just finished 2016, drops to 2.04 before an expected increase to Dec 2017 of 2.27!
Would anyone like to suggest the effect of results for 2016 on the forward sp?|
|I note that - finally - a buy of 212,511 shares at 22p from yesterday has now been listed.
It took them long enough to report it!|
|Yes, it could be the case here but I would have expected trades around the 22p level, at which I bought, not higher, as with the trades today.|
|Isn't the idea that the broker buys a shed load at x pence and then having primed clients, sells them on a x+ pence. So individual client trades won't be traceable.|
|All my shares were bought yesterday at 22p but weirdly the trade hasn't been reported.|
|97,000 shares just reported bought at 23.13p - I assume yours Daz?
EDIT - and a further 98,015 shares at 25.5p :o))|
|Aha, the old difficult to get hold of spiel...
Seems to be working though.|
|The feedback I'm getting from the broker is that shares were hard to get hold of and they only managed to get around 250,000|
|That's only an estimate of what I think the broker bought in total for clients, including my modest contribution!|
|Daz, you bought around 1m shares? No wonder the price moved up :o))|
|I was just re-reading interims and wish they would just say what they mean occasionally:
"As noted on SimiGon's 2015 full year financial results, delivery under this contract has continued on a slower timetable than expected as a result of the client requesting SimiGon to provide a number of deliverables outside of the original contract scope. As part of SimiGon's drive to support all of its clients, SimiGon has been prepared to agree to these new demands and has been meeting the delivery milestones during the first half of 2016. The Company looks forward to meeting all remaining delivery milestones during the course of H2 2016."
"prepared to agree to these new demands" is not what you say if the customer has given you a load more money for the extras.
My translation from the real world of getting new customers being:
Customer: We'd like a few more things done
SIM: Let us know what they are and we'll quote for the extras
Customer: Well of course you are quite new to us, so in some ways this is kind of a trial, so we were thinking that you could probably thrown them in for free. We have some more work in the future that could well follow on from this if its successful.
SIM: Oh well, give us a few days and we'll have a meeting and see if we can fit them in somehow - perhaps if the contract was spread out a little...
So which one is it then ?|
|My broker's trades haven't been reported yet, I'm not sure exactly how many in total it was but it could be in the region of a million shares.|
|Given the late buy trades yesterday could that imply US buyers - ie time difference?|
|Yes Rivaldo, some switching that has not been reported yet. I bought a decent wedge through my broker, who was buying on behalf of other clients as well.
Apparently the shares were hard to get hold of and there is little/no spare stock around now.
Looks primed for take-off now on any decent news.|
|Looks like news to come|
|Sudden move up this afternoon - late Buy trades yet to be reported?|
|Nice 100k buy at 19.75p this afternoon followed by another 20k buy at 20p.|
|I appreciate the improved visibility of these longer term license deals.
What I have issue with is whether that implies growth or not.
Unfortunately those two things are often (not just here), talked about as if the first leads to the second automatically in due course.
ie. is an ongoing licence deal going to produce more overall revenue than a lump in the first year, a drop in say years 2 and 3, a renewal in year 4, drop in year 5&6 etc. etc.
Also I suppose the question arises as to whether a longer term licence deal is more secure than renewed and more frequent deals and if so, is that security actually a result of a lower total cost per year for the customer.
They say that it will - I think that's all I have to go on really. Perhaps longer term licences just suit both parties from an admin. point of view.|
|yump, I've just been reading the interim report from September, and it includes the following: "SimiGon (strategy) may lead to lower revenue from these contracts in the early years, it is expected to give SimiGon much better revenue and profits visibility in the long term." Does that answer your objection?|
|Yump - can I suggest you email the CFO and ask him to clarify your points!!|
|I certainly think Lockheed Martin's new tie in with Pennant may have implications for SIM. The UK fighter training contract would have been something they could perhaps have go for themselves.Agree with you Yump that SIM's narrative doesn't ever seem to reflect the numbers. They also have an amazing ability to cut costs dramatically when Rev reduced to maintain increases in profitability. I wouldn't expect a company with their balance sheet and purported prospects to do that - they'd continue to invest through the cycle IMO.|