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SIM Simigon Ltd.

0.00 (0.0%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Simigon Ltd. SIM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.0% 13.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
more quote information »

Simigon SIM Dividends History

No dividends issued between 07 Dec 2013 and 07 Dec 2023

Top Dividend Posts

Top Posts
Posted at 18/3/2022 13:36 by cockerhoop
No expert, but I'd be surprised if you were able to short anything as small as SIM.
Posted at 11/3/2022 21:42 by varies
The last day for dealing on AIM in SIM shares, so we have been told, is 18 March.
So there are presumably many holders who want to take what they can now and console themselves and establish their losses for CGT.
I sold a small holding in an account where I do not want US stocks but have kept my holdings in two other accounts. I doubt very much whether we will see the sort of value suggested by our directors when the merger comes to fruition but I am an inveterate optimist and hope for the best.
I am going to look now at the volume of trades reported. I suspect that this may be modest.
Posted at 31/1/2022 11:42 by varies
I agree that the merger looks a dodgy proposition.
I hold Simigon shares in accounts with Barclays Stockbrokers and Interactive Investor. Neither has yet sent me a Corporate Action message about this.
Mr D R Goldstein is still, I believe, pursuing an action in the Israeli courts about the directors' salaries. He was said to have bought 1,500,000 shares, say 3% of the capital, in 2019. I would be interested to see if he or any other shareholder comes forward with an alternative proposal.
The termination fee of $1,250,000 is only payable if SIM shareholders prefer another offer and not, so it seems, if SIM continues as an independent entity.
Posted at 15/1/2022 19:09 by varies
Having printed out Friday's announcement and read it several times, I am still very confused about the "synergies" between PowerBreeze and SimiGon and the likely prospects for Maxify and, indeed, many other aspects of this transaction.
There is, however, to be a Special General Meeting for SIM shareholders on Feb 18 and we are urged to vote on the proposals. This must surely mean that we will be provided with further information soon.
Our directors have been extracting generous salaries and I will be interested to see if they propose to continue doing so after the merger.
Posted at 31/3/2021 14:53 by rivaldo
Given the pandemic and the H1 negativity I suppose this was "relatively" encouraging, with increased revenues and reduced losses in H2. Cash reduced quite heavily to $5m, but this seems to have been largely due to increased debtors collected after the period end.

The $5m cash pile is now well ahead of the £2.9m m/cap.

Will this company ever get its act together? The outlook statement is as bullish as ever, but we've heard it all before. Many times!

Now that Israel is likely to be the or one of the first countries out of lockdown after its incredibly successful vaccination programme (perhaps it already is - not been following closely?) - SIM should be in a position to benefit.
Posted at 22/12/2020 08:17 by rivaldo
I was correct - Gal Erez did buy the 100,000 shares. In fact, he's bought another 450,000 shares, and now holds 2.075m, or just over 4%:

As I said before, as former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has relevant sector experience. It'll be interesting to see over time whether he has good reason for building this stake.
Posted at 16/12/2020 13:46 by rivaldo
Up 0.5p on a 100k buy :o)) Could be Gal Erez increasing his stake again.

Perhaps he likes the value here given the $6.3m cash pile, with the business being valued essentially negatively at the current m/cap :o))

Other than for net-net/value reasons I can't really see a particular reason for buying at present given the dire straits the aerospace industry is in.

I suppose if SIM can pull a rabbit or two out of the hat, from (1) bigger defence contracts or (2) the hinted at expansion into other areas of VR/AR and training or (3) one of the promised strategic acquisitions, then the upside could be big, but at present I'm happy to wait to see the 2020 trading update next Feb/March before topping up my small holding.
Posted at 07/10/2020 13:52 by netcurtains
I bought some today (over 6p) and would hope to get 8p to 9p as a minimum at some point in the future.
To my basic way of looking at it, SIM is a net-net (basic version of theory):

Its current assets- total liabilities > market cap
5.6M - 2.1M = 3.6M which is greater 2.9M
Posted at 25/9/2020 07:35 by rivaldo
Predictably bad results for H1 out this morning given COVID-19 and SIM's exposure to aerospace. And the outlook's not exactly promising!

The only crumb is that SIM still have a stable $6.3m cash against the now £2.8m m/cap. I note that essentially this was achieved largely by good debtor collection/reduction offsetting the H1 loss plus the receipt of $0.5m of COVID loans.

Ami is still playing up the M&A possibilities. But I wouldn't buy any more based on such a long shot.

I'm so glad I didn't top up my small (and getting smaller) holding as I was tempted a number of times. I suppose once COVID fades away there may be an opportunity, especially if the compensation lawsuit makes AMI see the error of his its heart I still believe there's a quality business here somewhere given its validation by the terrific client base, but whether anyone here will live long enough to see it is another matter.
Posted at 29/4/2019 07:03 by rivaldo
Pretty decent results today, particularly as regards H2'18 compared to H1.

SIM made a loss of only $0.3m excluding the one-off bad debt provision - and in H2 this loss was just $0.04m.

So SIM is now trading essentially at break-even. And this outlook reads well in that respect:

"By increasing SaaS-based contracts for more recurring revenue and better long term visibility, together with intensive R&D investment and business development efforts on multiple market opportunities, the Company expects to quickly resume cash flow positive activities and profitability."

This £5.6m m/cap has $6m net cash plus around $2.4m net trade receivables/payables.

SIM have written off $2.34m of R&D expenses - and this increased to $1.3m in H2, yet SIM still almost achieved break-even.

And of course there's also today's other extremely interesting news re the commencement of an AR training programme with Israeli Air Force:

"SimiGon kicks off Augmented Reality maintenance training research with the Israeli Air Force

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is proud to announce that it has commenced a ground-breaking Augmented Reality ("AR") research programme with the Israel Air Force ("IAF") (the "Programme"). The Programme will utilise SimiGon's R&D investments in the Virtual Reality ("VR") and AR domains with respect to aircraft maintenance training by providing the invaluable ability to test and refine technologies in the demanding, up-tempo operational environment of the IAF.

SimiGon designed and developed AR and VR enhanced products and technologies will be used by the IAF in the research programme with the IAF providing logistical support and subject matter expert feedback. The Programme is expected to place SimiGon at the forefront of technology and it will enable the Company to use this technology in various domains. As the market for AR and VR enhanced training takes off, it is expected that this Programme will have positive impact on the Company's business opportunities.

SimiGon Vice President of Research and Development, Hagai Piechowicz, said: "SimiGon's training technologies will be making a great leap forward with this Programme. Our R&D team will rapidly design, develop, prototype and test our newest training technologies for the AR and VR aircraft maintenance environment in the IAF F-16 squadrons."

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