Simigon Share Discussion Threads

[varies] 25/3/2022 15:10

The transactions shown here are very small and may, I fear, be meaningless.
I would be only too happy to take 10p or thereabouts for my shares but 1.5p seems to be the best price available.
So I will just have to wait a year or so to see if the Breezer transaction proceeds and, if so, what we get out of it.

[deltalo] 25/3/2022 14:26

Never seen a spread like this before, absolutely crazy lol

[varies] 25/3/2022 14:16

all most peculiar
Bid at 1p and offered at 20p.
Is this the last day of trading on AIM ?

[jimbob17] 23/3/2022 08:08

Thanks for your views. Have traded a few but would be reluctant to hold when they delist I think.

[cockerhoop] 18/3/2022 13:36

No expert, but I'd be surprised if you were able to short anything as small as SIM.

[cockerhoop] 13/3/2022 17:15

Varies,

If you think Ami Vizer is a straight up guy you've completely misunderstood my posts from at least the last 5 years!

Clearly there is an angle for Ami (I'm not currently sure what it is) but I still believe this will end in a zero for shareholders. The opportunity to sell recently at around 6p should have been taken by any remaining holders imo.

[varies] 11/3/2022 21:46

shares traded : about 400,000 at c2p today and c100,000 at c3p yesterday.
So about £11,000 worth !
About 1% of the share capital.

[varies] 11/3/2022 21:42

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.

[jimbob17] 11/3/2022 20:11

Can anybody enlighten me please as to the recent for the fall today and recently? Institutions selling before delisting or something worse ?

[rivaldo] 03/2/2022 15:43

So per today's RNS D.Goldstein is "preparing to submit a tender offer for the Company's shares", details to come. Intriguing :o))

[varies] 31/1/2022 11:42

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.

[dovg1] 30/1/2022 14:02

We can make the obvious (and smart) move and vote against this bad merger and kick Ami from the company

[dovg1] 30/1/2022 14:02

We can make the obvious (and smart) move and vote against this bad merger and kick Ami from the company

[cockerhoop] 17/1/2022 16:22

I chatted to one of the Herald analysts at a #ZOO agm. I think they've forgot they own it to be honest, they've held it forever and never put any pressure on Vizer for milking the company for 15 years.

Fascinated how this plays out but don't think it'll work out well for shareholders.

[varies] 17/1/2022 12:31

PS. Major shareholders in % are :
Ami Vizer 22.11
Jeffrey Braun 12.73
Herald Investment Trust 9.83
Axxion S.A. 6.81
Green Ventures 5.97
"about 63% of capital is not in public hands as defined by AIM rules".

It would be interesting to know what Herald I.T makes of this proposal. Their holding is worth about £300,000 and, no doubt, cost considerably more.

[cockerhoop] 16/1/2022 18:55

Varies,

Start from the back - it's truly horrendous.

[cockerhoop] 16/1/2022 18:53

So Breezer had $16m of revenue in 2021 (flat on 2020) and lost £6.6m (up from £5.6m in 2020)

Assets of $5m, Liabilities of $41m.

And BDO think it's worth $135m - pull the other one.

It's a car crash!