Simigon Share Discussion Threads

[multibagger] 30/9/2016 16:06

Took 65k at 24.75p...

[the big fella] 30/9/2016 16:03

Looking at the long term chart, this is a significant break of the downtrend and could see this rise to late 30's in a hurry.

[multibagger] 30/9/2016 15:52

Hi Melodrama,

Good to see you back here. I agree that it is intriguing....I have put in a buy order just now.

[melodrama] 30/9/2016 15:13

Late buy of 50k there. I have bought back in after selling SIM as a nice few bagger a year or three ago. Not my 50k i hasten to add! There is , as they say, "Something going on here today"!

[multibagger] 30/9/2016 14:01

I tried a dummy buy but cannot get more than 10k on an automated deal...always been ill liquid, but despite volumes traded today, still tight.

Wonder what's up ?

[foxman14] 30/9/2016 13:47

Hopefully the trades today are the final tranche of shares sold by Jarvis Investment Management. Together with the Yorkville holding they have been responsible (IMO) for the overhang on the stock since May of last year. Onwards and upwards from here!

[multibagger] 30/9/2016 13:41

Intresting volumes likely to trigger a holdings RNS - more importantly someone (possibly a new insti) lapping up the shares.

Let's see....

[rivaldo] 30/9/2016 13:05

It's completely immaterial - 401,000 shares equate to around £80k between them all. And they wouldn't necessarily know about institutional or other share dealing to come anyway.

[loobrush] 30/9/2016 12:46

What is going on here.Only a couple of days ago the directors all exercised options and bought more shares.Looking at that RNS it appears to me the exercise price was 20.5p (perhaps someone could confirm that my reading is correct) If so it would imply that they are aware that something is in the offing and they want to fill their boots before the share price really moves ?
Share trades today also indicate this.

[rivaldo] 30/9/2016 12:03

Great to see the share price marked up on such volumes.

I can't see a shareholding precisely matching today's trades - should see an RNS today or Monday.

[the big fella] 30/9/2016 11:52

LOL, just the 6m+ so far. Shares moving to safer hands perhaps signalling the start of a re-rating.

[pj 1] 30/9/2016 11:47

Not much volume today?

[rivaldo] 21/9/2016 10:47

Interesting to see the latest list of major shareholders from the SIM web site as of a few days ago - 63% is tied up in these hands.

Great in particular to see Herald with 9.9%. With Yorkville now finally completely out, having sold 4.6m shares in the last year or so, perhaps the way is clear for a decent share price advance on any further contract/partnership news:

Date of information: September 12, 2016

Major Shareholders

A. Vizer / A. Vizer Holding Ltd 21.70%
Jeffrey Braun 12.83%
Herald Investment Management Ltd 9.90%
Green Venture Capital Ltd 6.02%
Jarvis Investment Management Ltd 4.75%
Guy Poran 4.46%
Shroder Euroclear Nominees Ltd 3.36%

[yump] 20/9/2016 14:55

Having bought some of these as a potential growth share, the dividend is neither here nor there - I'm not going to console myself with that and also, the business is not big enough for funds to chase it for the dividend and push the share price up.

Why hold so much cash anyway ? Is there a credible and crucial reason for it ?

Low share price rating + lots of cash is a recipe for a non-hostile t/o imo, out of which someone could do very very well.

Effectively a float that builds up the business and cash, which then goes off the market, providing a nice return. More than one way to crack an egg etc...

[rivaldo] 19/9/2016 13:55

SIM pay a dividend every year. They paid 0.6 cents last year and are forecast to pay a 0.7 cent dividend this year - that's around a 4%-5% return over the last couple of years on say a 20p share price. Which is rather more than just technical when it pitches up in my bank account :o))

And they've been promising acquisitions for a while now. Maybe they're picky, which is fine by me. If and when it happens, then there's likely to be a very quick share price mark-up, at which point it will be too late to have invested.

In the meantime, the share price takes no account whatsoever of the cash and receivables. Whatever the market might value this at, approaching £9m of such liquid assets are certainly worth a great deal more thn nothing.

[yump] 19/9/2016 13:27

Sitting on cash doesn't count if they sit on it forever. I've lost count of how many times 'look at all the cash' comments appear and I can't count how many times I've seen the cash come into my account in some form (either earnings from acquisitions or dividends) - mainly because I can't remember a single time.

Current p/e seems fair to me until they do something with the growth rate or the cash.

The cash is just a technical detail in the accounts if nothing is done with it.

[rivaldo] 19/9/2016 11:25

Finncap retain their 45p target here:

[bahiflyer] 19/9/2016 07:59

The new contracts wont have had an impact on H1 but will contribute to H2.
These interims are mainly recurring revenue which isn't bad for a basis to work from with eps at 2 cents or 1.5p and a load of net cash.

[rivaldo] 19/9/2016 07:51

Cash and receivables now amount to around £9m - not far off the entire m/cap.

I'm pleasantly surprised by the small increase in H1 PBT to $0.81m - the transition to longer-term revenues and the impact on numbers in the shorter-term was flagged long ago, so I was anticipating a fall in PBT, though with considerable medium and long-term prospects.

The current share price could be justified on the basis of PBT alone - doubling up H1's performance would give £1.2m PBT for the year against the £10.9m m/cap.

Yet here SIM are with not far off £9m liquid assets after deducting payables....

The list of contracts won, blue chip customers and prospects is extremely comprehensive and impressive.

[multibagger] 19/9/2016 07:33

More cash ($8.4m) and other investments to the tune of $11.5m. Aiming for longer term, higher value recurrent contracts and it appears entry into a new market segment.
May take a little longer to come to fruition in term of share price, as market may be disappointed with YoY/similar period profit growth.

Good luck all :)

[cockerhoop] 16/9/2016 21:18

Multibagger,Simigon produce CBT devices - desktop training - much lower technology than full flight simulators where the majority of training funds would be spent.Saying that they appear to have links into Lockheed Martin who I imagine will be picking a fair bit of this contract.

[multibagger] 16/9/2016 21:06

Great find Rivaldo.....and could be very lucrative given the recent RNS about F-35 training package in its 8th year and a more recent announcement of a contract with the Israeli Air force.

I would guess that a minimum of 5 percent (conservatively) of the $38b package could be earmarked for a training element ...nobody can afford to crash a billion dollar plane due to lack of simulator training !!


1. From Annual Report RNS 18 Apr 2016

Delivering on all long term contracts:

...." Now in our eighth year supporting Lockheed Martin's F-35 Lightning II Joint Strike Fighter training program ("JSF")..."


2. From RNS 20 Jun 2016


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


“…..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….”;