Simigon Investors - SIM

Simigon Investors - SIM

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Stock Name Stock Symbol Market Stock Type
Simigon Ltd. SIM London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 13.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
13.00 13.00
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Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

Top Posts
Posted at 31/1/2022 11:42 by varies
dovg1
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 05/10/2021 12:53 by rivaldo
Well, another impressive contract win today - a "U.S. Marine Corps Virtual Reality simulators contract".

A new customer, and an entirely new product too.

They "expect this Contract to help generate future new business not only with the USMC but also other similarly tasked Governmental organizations."

The m/cap here is now just £2.4m, for which the roll-call of blue chip and governmental customers is amazing.

If the CEO properly sorted out the company and settled the legal case (i.e amending his remuneration arrangements) I suspect the company would trade at some multiple of the current share price. But investors (including me) are unlikely to buy in size at this stage unless fully prepared for the risks.

Posted at 30/9/2019 07:49 by rivaldo
H1 results are out, and show a (very!) slow improvement in the numbers, but much increased optimism about the overall health of the business following the long transition to SaaS.

The £4.6m m/cap compares to $6.2m cash - plus a net $2.1m trade receivables less payables, of which a further $1.5m has been received since 30th June.

The outlook statement shows where they're heading:

"SimiGon's outlook is positive primarily due to its current technologies, R&D roadmap and the overwhelming need to provide millennials and Generation Z with VR, MR, AR capable, immersive training solutions. Government and Civilian requirements for proficient operators in multiple domains of zero risk tolerance such as aviation and energy, is a challenge the Company looks forward to capturing and realizing the growth foreseen by investors."

Let's hope this statement is realistic. If so there's potentially significant upside here:

"Our true achievement is the foundation we have created for future growth and return to profitability."

Posted at 23/8/2019 10:58 by brummy_git
There we go guys. No follow through even after yesterday's announcement. Indeed it seems to say everything investors need to know wrt the CEO & Board.
Posted at 22/8/2019 08:12 by brummy_git
No forecast numbers either from house broker finncap this morning. As such, I suspect investors will fade today's news, and continue offloading shares until the board provides (at least some) visibility
Posted at 18/7/2019 11:29 by yump
Glad I got out a good while ago. The chart shows what investors think of the 'core metrics'.

Why is it that some of the poorest performing businesses end up with the 'look at the cash' comments, over and over again. If that's the biggest positive, its a pretty useless investment prospect.

If anyone is thinking of averaging down, please look up 'sunk cost fallacy'.

There are plenty more businesses to put your money in where they haven't been sucked dry by high BOD salaries and the cash has actually been spent to generate growth, because the business, the products and the management are....

...GOOD.

Posted at 25/9/2018 08:44 by cockerhoop
Rivaldo,

You're a seasoned and successful investor, I can't believe you can't see the writing on the wall here.

SIM have been awarded 2 very large contracts - both of them have been operational disasters. Maybe they'll win some new contracts - there is no guarantee they'll not end in similar acrimony.

The long term performance since float has been terrible and yet Ami Vizer has awarded himself approximately 18% of the company in options along with pay of approx $500,000 per year.

It will be interesting to see what he awards himself this year for losing a $7.9m contract that was in implementation.

The companies dividend/share buyback behavior suggests to me that the cash pile will never been seen by shareholders.

I'd be much more bullish about UK competitor Pennant Intl who have new invigorated management, expanded production facilities and a repeatable product line though still relying on large lumpy contracts which is the nature of the aviation training industry.

Anyway I wish you well.

Posted at 14/8/2017 08:55 by dgwinterbottom
Given Paul Hill now has over 3% lets hope he can galvanise the Board into improving their Investor Relations, I am hoping that given his investment he believes things are about to move in the not too distant future!
Posted at 28/7/2017 06:29 by rivaldo
So...medium/long-term looks great. Short-term...not so great:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/trading-update/201707280700063688M/

The $8m+ cash pile alone equates to 12p-13p of cash per share. But I suppose we can expect a sizeable initial markdown given the H1 loss and the uncertainty re H2.

If SIM come through in H2 with the contracts mentioned etc then this will be an opportunity, Until then it's a waiting game for patient investors....

Posted at 17/4/2017 10:31 by daz
DGW - Yes, a presentation in London but not open to the general public, I only got invited because I knew someone. It's not good enough, I did say to them they need to promote themselves better to private investors. Although they are not often in London, with a bit of organisation, they ought to be able to manage 1 or 2 a year, if they give it priority and I think SIM is one of those companies whose rating could benefit.

Yump. Re the order book not being mentioned in the finals, I agree totally, I can't think why they didn't say anything as it's very relevant to valuing the company.
They have the far East contract announced on May 3 2016, which runs for 5.5 years, so say 4.5 years left and a 5 year contract with the US Air Force announced on May 5 2015, so 3 years left to run. These are the longest I could find, so to be conservative, if the average contract is 4 years, then the annual run rate comes to around $6m and that would be consistent with Saas revenues approaching 80% of current revenues, a figure mentioned in the presentation.

BB - fair point. It would be nice to think that the Jun 2013 contract is the only problematic one, the contract with the US Air Force is a continuation and so I think less risk but there isn't enough information to evaluate the others.
The flip side of the Jun 2013 contract, is now that they are near the end, they are in a good position to win work in the subsequent phases, as they have said a few times and hopefully they will have a clearer idea of what they're taking on, so the mess isn't repeated.

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P: V: D:20221204 23:39:54