Simigon Share Discussion Threads

[rivaldo] 22/7/2016 13:51

...and three 10k buys just now have been rewarded with a tick up (and widening of the spread).

The current price is just ridiculously low imho.

As I posted before, SIM's $11m and rising cash pile and receivables is now worth around £8.5m at current pound/dollar rates.

This compares to a £9.1m m/cap.

Forecasts are currently:

this year : 1.89p EPS, 0.49p dividend
next year : 2.17p EPS, 0.49p dividend

Again, these forecasts will have to be increased by a significant amount in sterling terms at current rates.

And the dividend will be worth materially more to holders - say 0.55p now.

[rivaldo] 22/7/2016 10:35

:o)) I wish....

Two 515,000 trades, both at 19p - perhaps more to come, or perhaps just an institutional swap of some sort.

Encouragingly, online I can sell 40k shares at 17.25p but only buy a maximum 5k shares at 18.98p.

[5oletrader] 22/7/2016 10:17

Thats some volume - were those trades your Riv ;-)

[rivaldo] 14/7/2016 10:00

Currently 15k shares available to buy online at 17.9p, just below the mid-price. Bargain imho.

[rivaldo] 12/7/2016 12:45

SIM's $11m and rising cash pile and receivables is now worth around £8.5m at current pound/dollar rates.

This compares to a £9.4m m/cap.

Forecasts are currently:

this year : 1.89p EPS, 0.49p dividend
next year : 2.17p EPS, 0.49p dividend

Again, these forecasts will have to be increased by a significant amount in sterling terms at current rates.

And the dividend will be worth materially more to holders - say 0.55p now.

[cockerhoop] 20/6/2016 18:48

I would like to refer your honour to posts 169 & 236Looking forward to the AR, from memory of last year's I've never seen a report with so many pages of detail on directors renumeration in a company with so small a turnover.

[glasshalfull] 20/6/2016 17:27

Agree with sentiment on thread. Nice contract win.
finnCap indicate they are maintaining forecasts and target price.

Courtesy to inform that I've sold my SIM holding to concentrate on other opportunities.
The AGM announcement which included the appointment of Mrs Bitman was the indicator I required to move SIM from a core holding...school improvement committee & school activities!!!???

Imagine that qualifies a vast multiple of the population to carry out Director duties....



"Consequently, the Company announces that Mr. Ran Pappo and Mrs. Deborah M. Bitman have been appointed as External Directors of the Company to replace Mr. Nevat Simon and Dr. Vered Shany with immediate effect. Mr. Pappo is the Chief Executive Officer of Diva Hirschthal Ltd, a designer, manufacturer and distributor of swimwear and has many years of experience in marketing, finance and retail. Mrs. Bitman qualified from Indiana University with a Masters in Elementary Education and has since gained considerable experience on school improvement committees and school activities. Working as a director at the Jewish Academy of Orlando, she has great experience in school policy guidance, budget review, future plans, and creating and managing educational curriculum."

Regards,
GHF

[dgwinterbottom] 20/6/2016 17:10

Re the Annual Report: I emailed the FD last week to query its publication, he stated it was not available yet but would send a copy once printed.

[rivaldo] 20/6/2016 12:42

SIM is a relatively illiquid stock, so the MMs simply want to protect themselves.

The online spread is normally somewhat better than what's on the screen, and can vary greatly. In particular, once any decent trading happens the price normally moves quickly in reaction.

[ohisay] 20/6/2016 11:48

Why is the spread always so large Rivaldo - any ideas?

[rivaldo] 20/6/2016 10:39

Looking good online - you can only buy 15k maximum at 20.9p, whilst you can sell 35k at 18.5p.

Hopefully any buying should result in another tick up.

[rivaldo] 20/6/2016 09:12

SIM always RNS the posting of the Annual Report around this time of year, so it should be in the next few days.

I also got my dividends recently.

[cockerhoop] 20/6/2016 08:28

Anyone received an Annual Report? Yet to be available on the website.

[multibagger] 20/6/2016 07:57

Yes... the entry into the maintenance market is very promising....SIM can therefore cross sell as well to existing customers and offer end to end solutions to new ones.

Good to see the contract sizes - often in the millions :)

[rivaldo] 20/6/2016 07:41

Indeed - and this for a £9.3m m/cap company with probably £6m+ net cash now.

Plus entry into a new market for SIM "in the provision of maintenance simulation training solutions in addition to its advanced training solutions for pilots".

And improved visibility for this year's 1.89p EPS forecast and towards the 2.17p EPS forecast for next year.

[multibagger] 20/6/2016 07:06

Another excellent contract....

20 June 2016

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon received a Winning Notice for a $2 million contract with the Israeli Air Force for F16 Maintenance Trainers

SIMbox technology expanded into new areas

SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has received a Contract Winning Notice for a $2 million contract from the Israeli Air Force ("IAF") to provide new F16 maintenance trainers to its technician school in Haifa ("the Contract Winning Notice"). By adding a new solution for virtual maintenance training to its product offering, SimiGon can now provide training solutions for both aircrew and technicians. The same training aids and methodology can be utilized by both sets of end users, saving time and money. This comprehensive solution will be marketed worldwide and will contribute to growing SimiGon's market share.

The expected contract with the IAF includes the procurement of SimiGon's SIMbox software technology that will be implemented to train F16 maintenance technicians in a virtual environment. Up to 60 trainees across two classes will have personal stations that will allow them to learn avionic and front line maintenance with a virtual instructor and a self-paced syllabus using hi fidelity simulation. SIMbox is already used by several air forces to train its pilots in the most advanced programs and platforms and the proven technology and concept will now also be used to train the aircrafts' maintenance teams.

Once the expected contract has been signed it is due to be delivered within 18 months and its expected revenue contribution has already been factored into management's expectations for the year ended 31 December 2016. The expected contract should also contribute to improved revenue visibility for FY 2017 and beyond.

The Contract Winning Notice underscores SimiGon's successful entry into the military fixed wing training market and strengthens the Company's market leading offering and positioning which should lead to similar opportunities in the future.

SimiGon President & CEO, Ami Vizer, said: "We are excited to receive this Contract Winning Notice which will lead to new business opportunities and will support our existing revenue channels. This Contract Winning Notice opens a new market for SimiGon in the provision of maintenance simulation training solutions in addition to its advanced training solutions for pilots. The award also indicates the IAF's strong belief in our SIMbox technology capabilities, not only for its pilot training but also for supporting its new vision for technician and maintenance staff training".

[rivaldo] 03/6/2016 10:27

Latest forecasts from Finncap are FYI:

this year : 1.89p EPs (£0.98m PBT), 0.49p dividend
next year : 2.17p EPS (£1.12m PBT), 0.49p dividend

[microscope] 11/5/2016 15:37

A few familiar usually shrewd names on a quiet thread, good sign :)

Never too confident on AIM charts but this appears to have a nice base and not much resistance to about 26p. Couple of higher lows and higher highs recently. And a decent story to tell, interesting.

[rivaldo] 11/5/2016 14:14

FYI the real online spread is 17.2p-18.7p at present.

[eswr] 03/5/2016 09:39

Makes a HUGE difference - around $1.4m per annum. Much of that to the bottom line. AND it is a 5.5 year deal so excellent for future visibility. Also for the CIVIL market - first big win there. I reckon they are being v conservative in terms of not raising market forecasts. Remember also that they write off ALL development expenditure - none is capitalised; that is very conservative for a software company.

[modform] 03/5/2016 09:11

Looks like the growth story is slowly unfolding.

[loobrush] 03/5/2016 08:55

Great win-way undervalued in my view
As you say Rivaldo most of company value is cash-take that out of the equation and it really shows how cheap Simigon is at the moment, must surely rerate.

[cockerhoop] 03/5/2016 08:46

Good contract win, but as is normal with SIM it's already included within current expectations.