Simigon Share Discussion Threads

[yump] 08/12/2015 10:19

Sorry that doesn't count, it was 250p in 2011.

I should have said that I'm interested in investment ;-)

[cottoner] 08/12/2015 10:11

Overseas AIM stock on uptrend - SPL (Skil Ports India)

[yump] 08/12/2015 09:58

The no-buying-on-good-news could just be small stock specific, or more pessimistically I think (when its collective) it has historically been a sign of market tops.

The 'plus' is that the ratings on a lot of these smaller stocks are pretty lowly, even given the overseas discount.

If its small stock specific, there's the old saying that the market looks ahead, so that would indicated earnings/growth trouble approaching.

All very general of course and I suspect a lot of it is to do with the repeated train-crashes on AIM, particularly with 'growth' in a lot of cases turning out to not be growth at all.

Is there actually any overseas based AIM or small company that is in an uptrend ? (Not counting those that have crashed and have started back up of course).

[pj 1] 07/12/2015 10:10

Yes GHF, traders all over the place currently. Especially as their 'normal bread and butter Oil and Gas stocks so flat. For fear of repeating myself on a number of threads I am off the opinion that generally good news is rarely being bought, and any negative news sold off. It seems to have been like this (certainly overall on my AIM stocks and watchlist) for 5 or 6 weeks now. Jittery times generally imo

[glasshalfull] 07/12/2015 10:03

Today's positive news met with small volume selling. We even have a trade at opening bell where an investor (trader?) has bought £1,500 of stock & promptly sold 26 minutes later. Someone with long-term horizons! LOL

Snippet from finnCap,

"SimiGon has announced that it has been awarded a $4m contract with Booz Allen to provide the USAF with support and software for the addition of multiple T-6 simulators for the Remote Piloted Aircraft (RPA) training simulators. The initial funding is $0.9m and includes the procurement of the SIMbox software technology, T-6 model content and integration for six newly fabricated RPA training simulators. The expected revenue contribution from this contract was already factored into expectations for FY 2015. It is also expected to contribute to improved revenue visibility for FY 2016 and beyond. We therefore make no change to forecasts or 45p target price."

Regards
GHF

[rivaldo] 07/12/2015 08:05

Terrific and prestigious contract win with the US Air Force - what a reference point for bids around the rest of the world:



"SimiGon awarded $4 million contract with Booz Allen Hamilton Engineering Services to provide the U.S. Air Force with software and support for the addition of multiple T-6 simulators.

SimiGon, Inc. (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has been awarded a $4 million contract with Booz Allen Hamilton Engineering Services, LLC ("Booz Allen ES") to provide the U.S. Air Force with support and software for the addition of multiple T-6 simulators for the Remote Piloted Aircraft ("RPA") training simulators ("the Contract").

The initial funding of the Contract is $0.92 million and it includes the procurement of the SIMbox software technology, T-6 model content and integration for six newly fabricated RPA training simulators. The expected revenue contribution from this Contract was already factored into management's expectations for the year ended 31 December 2015. It also expects to contribute to improved revenue visibility for FY 2016 and beyond.

Booz Allen ES is a wholly-owned subsidiary of Booz Allen Hamilton Inc, who provides management consulting, technology and engineering services to the U.S. government and major corporations. This Contract with Booz Allen ES was established based on SimiGon's advanced simulation & training solutions together with the successful execution of SimiGon's original contract to deliver the first ten SIMbox based T-6A training systems to the U.S. Air Force, as announced in September 2011. The SIMbox Modular Training Devices simulators are used to train undergraduate RPA students for Pilot Instrument training.

SimiGon continues its successful entry into the T-6 training market, solidifying its market leading offering and positioning the Company for similar opportunities globally as the T-6A and T-6B are used as basic trainers in militaries around the globe.

SimiGon President & CEO, Ami Vizer, said: "This Contract further strengthens our position of working with valuable global partners as a supplier of choice in the provision of simulation training solutions while, at the same time, demonstrating that SimiGon has the capability to develop and support the unmanned aircraft training sector which is a rapidly growing segment worldwide. We are excited to be awarded this Contract which was founded on executing delivery and performance of our systems as a prime contractor for the U.S. Air Force since September 2011."

[yump] 03/12/2015 00:16

There's just no confidence at all in anything east of Europe and not surprising really.

The question that is never answered is: why do these companies float on AIM instead of their own markets ?

That goes for US based ones as well.

[divinausa1] 02/12/2015 22:23

another bad investment, lost half its value in the last year and back to the level it was 3 years ago!

is it a lie?

Ami Vizer, Chief Executive Officer of SimiGon, said: "Our strategy is progressing and I am pleased to report that SimiGon has delivered a profitable first half. SimiGon is expanding into new technologies, markets and services to transition into a leading contractor for major, long term simulation training programmes.

"SimiGon's revenue visibility is solid, based on our long term contracts and backlog. We will continue to leverage our global footprint to build new partnerships, expand our customer base, and target larger programmes. SimiGon's Board enters the second half with confidence of delivering continued year-on-year growth for 2015."

[yump] 02/12/2015 16:41

There have been that many suspensions and shocks from stocks floated from overseas in the last few years, that I reckon the whole lot are dead in the water from an investment point of view. Too high a proportion going badly wrong.

Possibly they'll get traded on news, but by now I can't imagine anyone having any faith in a long or even medium term investment.

They've all turned into bottom-fishing, turn a quick 30%+ or so on the bounce if you can stocks, when they reach a silly low valuation.

[ohisay] 02/12/2015 16:10

This is turning into one of those "if you believe the chart don't touch it with a bargepole" stocks.

[rivaldo] 17/9/2015 09:24

After the above encouraging buying it appears online has improved - you can sell a max 30k at a premium at 18.5p, whilst you can similarly buy a max 30k, but at the full 20p offer.

[rivaldo] 16/9/2015 22:13

Nice - further late reported buys from yesterday of 200,000 and another 300,000, both at 18.75p.

And today's rise was caused by buys of only 20,000 at 19p. Overhang cleared now?

[rivaldo] 15/9/2015 22:54

100,000 bought at 18.81p had a decent effect today.

[yump] 10/9/2015 09:07

That's why I bought in a while ago around 25p - it seems to be a growth market, its just a question of SIM getting some reliable traction. There seems to be the possibility of getting significant contracts, which will then be long term, so I thought it might be one of those shares that trundles along for ages and then a succession of contracts end up jumping the profits quite suddenly.

Main concern is whether they have a product that is really finished and doesn't require tweaking R&D for new contracts, having cut back on R&D that might not be so good. Is it a 'black box' that just depends on sales now ?

I'll do my own 'forecasts' when some growth appears.

[ohisay] 10/9/2015 08:24

Been watching this one for years - finally bought in this week - plainly mispriced though I think Finncaps number is a bit of a stretch.
In passing it seems the demand should be there..

[yump] 09/9/2015 15:50

The 'cash pile' thing always comes out when people are struggling to get a higher valuation for some reason (usually because they don't like the current share price).

Its not growing, its that simple. So forget high p/e multiples, cash or no cash.

Spend the £5mln on an earnings enhancing acquisition might do it, otherwise its just cash, its not the business. Good and relevant for covering dividends if you've bought a share for yield.

[rivaldo] 09/9/2015 09:42

In response to a prior post, Finncap's 45p target price for SIM is not based purely on P/E.

Finncap take account of SIM's £5m+ cash pile, against the £9m m/cap, by concentrating on EV and utilising a prospective EV/EBITDA multiple to arrive at that 45p target.

[gnnmartin] 07/9/2015 16:42

battlebus, I find I did get the dividend after all: I messed up looking at my SIPP account online and could not see it there, but I did get it after all.

I've edited my original post.
Thanks again.

[battlebus2] 07/9/2015 14:59

Just checked back and my dividend was paid.

[gnnmartin] 07/9/2015 14:35

battlebus, thanks.

[eswr] 07/9/2015 14:09

Stock overhang still there. Key question is whether this can ever be a company with material revenues.

[battlebus2] 07/9/2015 13:52

Not unless your an Isreali citizen. We have to pay the tax I'm afraid.

[yump] 07/9/2015 13:42

Its ridiculous to suggest that there is upside to 45p, which in itself requires a p/e of 20 ish on a business where revenue growth is minimal, even allowing for second half weighting.

Growth (or level) eps because of cost control is 'cheating' in a company where growth investment is the idea.

Some significant contract news required imo.

Hopefully the share price is 'safe' around 20-25p although that doesn't help if you bought in as a growths stock higher up.

[battlebus2] 07/9/2015 12:44

A pretty good summary by Investorschampion