Simigon Share Discussion Threads

[loobrush] 16/9/2016 12:41

Simigon is certainly ridiculously cheap and as pointed out has cash etc nearly as much as market value.Results monday should highlight this and the shares given the rerating it deserves nearer to brokers target of 45p-a good 100 % upside.

[rivaldo] 13/9/2016 15:40

Up nicely today - I assume the 75k at 21.25p was a sell, which implies there are decent-sized buyers in the background.

[rivaldo] 12/9/2016 16:00

Agreed bahiflyer.

Interesting RNS just now - Yorkville have now completely sold out, having sold 2.4m shares:



They last disclosed in June'15. when they had just over 4m shares. So they've obviously been selling down ever since and keeping a lid on the share price.

Could be an interesting time ahead if this means the clearance of an overhang.

[bahiflyer] 11/9/2016 11:10

If this is being rerated then it should be double what it is now.
Here we have a company with $9M or just under £7M in clean cash and investments with no debt and a business model that will only grow, particularly the SIMbox virtual maintenance/fault finding tool.
I would have found this especially useful in my time as an engineering tech in the forces.

Strip out the company's cash from the market cap and you have a business that last year made 3p/share profit but is only valued at 8p/share. Thats a pe of less than 3.

Even taking into account the Israeli element the re rating has some way to go I think.

[multibagger] 31/8/2016 15:19

I took another 50k shares, but not showing as yet.

[loobrush] 31/8/2016 10:44

Its being rerated to a more sensible price.

[bahiflyer] 31/8/2016 10:39

something afoot here.
It could be people getting in early ahead of interims or maybe someone got wind of another contract.
All good either way.

[rivaldo] 31/8/2016 09:10

Certainly keen buying - another 21k shares just bought at 23.61p, well above the published 23p offer price.

[battlebus2] 31/8/2016 09:04

Looks like take off....

[loobrush] 31/8/2016 08:55

Plenty to go for here.
Finncap reiterated its target price of 45p for SIM: the flight simulator company one of the specialists in piloting drones.

The interims will be out on Monday 19th September

Should have cash nearly at market capital ,it certainly is cheap at under half brokers target.

[pj 1] 31/8/2016 08:40

edit 17.5k but not showing

[pj 1] 31/8/2016 08:38

Seeing a little buying pressure here for a change, so a few for me

[rivaldo] 31/8/2016 08:35

Great mark-up - presumably due to the 30,000 of buys reported right at the close yesterday, including 25,000 at 21.5p.

Haven't seen any particular news recently other than this mention for SIM here:



"Reciprocal Procurement For The F-35 Project Reaches New High (Monday, August 15th, 2016 01:30 PM)

The Ministry of Defense, continuing its countdown to the December 2016 arrival of Israel’s first F-35s, last week completed its semi-annual data summary.

In the framework of the industry cooperation agreement signed in 2010 by the Defense Ministry’s Procurement Department and the plane’s manufacturers led by primary contractor Lockheed Martin, NIS 3.8 billion ($993 million) worth of reciprocal procurement transactions have thus far been signed. Since December 2015, new deals amounting to 835 million NIS have been signed, marking a 28% jump in reciprocal procurement.

Since the start of 2016, the Israeli defense industries have succeeded in increasing its contracts with Lockheed Martin on the project....

....Other Israeli industries involved in the manufacturing of the aircraft subsystems and operating software and training include: SimiGon, the developer of the aircraft simulation program...."

[ohisay] 31/8/2016 08:17

Just sold 15k of mine at 20.5 - seemed churlish not to sell some.!
GLA.

[rivaldo] 23/8/2016 11:59

Indeed - I've individually logged all the last 10,000 sets of RNS'd interims and prelims according to their daily release dates and matched them to subsequent share price performance :o))

It's a well-known stock market thesis that bad news is released on a Friday and good news on a Monday. For obvious reasons.

Over the years I've tended towards this as being a general truth. It's rarer to see bad news on a Monday than on a Friday, and companies are likelier to release good news on a Monday to maximise that week's publicity and sentiment.

Hopefully SIM will exemplify this thesis.

[cockerhoop] 23/8/2016 11:27

Rivaldo, Do you have any objective data supporting your Monday morning results theory?

[rivaldo] 23/8/2016 08:40

Finncap reiterated its target price of 45p for SIM:



And the interims will be out on Monday 19th September - I always like it when I see results are to be announced on a Monday morning as it's more likely to be good news!

[5oletrader] 15/8/2016 09:11

August 15, 2016 - PRNewswire
$17B Military Simulation & Virtual Training Market Forecast to 2026

Global Military Simulation and Virtual Training Market 2016 - 2026 research report says procurement of simulators is primarily dependent on the procurement of other military equipment such as aircraft, submarines, helicopters, armored vehicles, UAVs, and naval ships. With the market for these systems expected to witness robust expenditure over the forecast period, military simulators will be much in demand. Factors such as internal and external security threats, territorial disputes, and modernization initiatives undertaken by the various armed forces across the world are driving the demand for conventional and unconventional military hardware and software

Complete report on Military Simulation and Virtual Training Market spread across 162 pages that provide analysis of 18 leading companies is now available at

The Military Simulation and Virtual Training Market, valued at US$13.3 billion in 2016, is projected to grow at a CAGR of 2.90% over the 2016-2026 period, to US$17.7 billion by 2026. The market consists of three simulation categories: flight, combat, and maritime. Flight simulators are expected to account for 59% of the global military simulation market, followed by maritime simulators and combat simulators with shares of 21% and 20%, respectively. North America dominates the sector with a share of 36.4%, followed by Europe and Asia Pacific with shares of 25.4% and 25.2%, respectively.

[rivaldo] 03/8/2016 12:24

..and online you can buy just 800 shares maximum at 21p, whereas you can now sell 30,000 at 18p.

[rivaldo] 03/8/2016 11:47

Up 1p on just a 10k buy at 20p....

[rivaldo] 02/8/2016 08:59

Nice 36k buy at 19.32p to start the day.

Still looking pretty good online - you can sell 30k at a premium at 17.5p, whilst you can only buy a maximum 15k at the full 20p.

[rivaldo] 29/7/2016 09:25

Amazing - online you can only buy a maximum 900 shares at 20p, whilst you can sell 40,000 at 17.6p.

Any decent demand should see some very nice things happen.

[multibagger] 26/7/2016 08:31

Thanks for sharing ohisay...looks the market for increased flight simulator training may be getting bigger and good news for us !