Simigon Share Discussion Threads

[battlebus2] 12/8/2015 07:06

SimiGon awarded additional contract from a leading unmanned aircraft systems provider

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has been awarded an additional contract from a leading provider in the small tactical Unmanned Aircraft Systems ("UAS") market. SimiGon supplies the underlying training system technology for the UAS program.

Due to the successful historical performance of SimiGon's systems, the Company will deliver additional licenses with annual maintenance and support for a period of 3 years under the new contract. The value of the contract is $0.8 million and the revenue contribution from this contract was already factored into management's expectations for the year ended 31 December 2015. It will also contribute to improved revenue visibility for FY 2016 and beyond.

This latest contract award demonstrates SimiGon's ability to provide successful training solutions and highlights the Company's growing footprint in the UAS market. The Company continues to improve its position as a technology and services provider for large simulation training programs. Through SimiGon's ecosystem of worldwide partners, the Company's technology is used to support initial operator training in classrooms as well as advanced operational training.

SimiGon President & CEO, Ami Vizer, said, "We are proud to continue our partnership with this strategic client. The continued selection of SIMbox shows the confidence our partner has in our advanced training solutions. This contract demonstrates to the market SimiGon's capability to support the UAS training sector, a rapidly growing segment worldwide."

[eswr] 11/8/2015 11:50

No overhang is still there. Market makers trying to encourage buying.

[playful] 11/8/2015 10:49

Let's hope we avoid any turbulence

[foxman14] 11/8/2015 09:04

Just added a few and the offer went up a tick so it looks like the overhang is cleared.

[rivaldo] 11/8/2015 08:44

Yep - another tick up already today.

[battlebus2] 10/8/2015 19:26

Hopefully we have flown over the bottom and are now gaining altitude.

[eswr] 27/7/2015 15:32

I absolutely know that there is an overhang and there are millions left to shift.

[rivaldo] 27/7/2015 15:09

I assume you mean Yorkville's holding, but having gone down to 8% nearly 2 months ago there's been no further RNS's from them. I would have thought that if they were selling they'd have easily sold another 0.5m shares (only another £100k). So perhaps there isn't an overhang - or at least, not at current prices.

[eswr] 27/7/2015 14:27

Overhang is millions.

[rivaldo] 27/7/2015 14:15

60k sold this morning at 16.5p. Perhaps the end of an overhang?

I agree battlebus, the valuation does look ridiculous. Interims will presumably be in mid-September again, and will hopefully reflect the confidence shown in the outlook in the April prelims.

[battlebus2] 26/7/2015 00:15

No sign of that ascent yet foxman but clearly on what news we know of the valuation is ridiculous.

[foxman14] 16/7/2015 14:15

Looks undervalued to me so first purchase today. Will look to add more when the share price starts its ascent!

[5oletrader] 15/7/2015 18:11

Thoughts Here???

[rivaldo] 03/7/2015 08:50

Reciprocated bb2 :o))

Looking better online now - after yesterday's buying the maximum stock available to buy online is down to 40k, at 21.95p (or 5k at 21.1p), and you can now sell 40k too, so there's evidently some demand out there.

[battlebus2] 02/7/2015 19:46

Great to see some familiar faces here :)) Hopefully 30p plus when the seller clears.

[playful] 02/7/2015 14:44

I agree this looks to be good value so I have taken some too

[rivaldo] 02/7/2015 09:49

I've bought in here too now. A good opportunity to take in cheap stock whilst it's around, which won't be for ever.

One contract RNS or trading update and SIM could go whizzing upwards given the terrific cash and asset backing and forward revenue visibility.

[battlebus2] 02/7/2015 08:31

Bought a few again after taking profits in the high twenties, looks really cheap again imv ...

[eswr] 01/6/2015 18:28

Stock was bought by Yorkville that Packet Science sold. There is therefore quite a large overhang in the market weighing on the stock.

[gnnmartin] 18/5/2015 21:34

Interesting. Packet Science sold 9% of the equity. I wonder who bought it? Presumably we will get another RNS telling us that soon.

[dgwinterbottom] 05/5/2015 08:20

MissLB - I agree good news indeed but was already priced in and not a huge value when spread over the life of the contract. As you say more news like this needed

[misslb] 05/5/2015 07:25

Nice contract win this morning. We were in need of some news.

[varies] 30/4/2015 13:06

spread now 22-25p.
about 50,000 shares sold so far today.
I find this attractive but it is obviously not a share for trading in.

[pj 1] 30/4/2015 12:38

ok thanks !