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Share Name Share Symbol Market Type Share ISIN Share Description
Simigon Ltd. LSE:SIM London Ordinary Share IL0010991185 ORD ILS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.00p 9.50p 10.50p 10.00p 10.00p 10.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 3.9 -0.6 -1.6 - 5.09

Simigon Share Discussion Threads

Showing 2051 to 2071 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
29/4/2019
12:17
Indeed. The transition to SaaS has inevitably slowed progress, along with contractual mishaps. But given the trading at essentially break-even, the blue chip clients globally, the potential in simulation training, unmanned aircraft, VR and AR, and the $6m cash pile relative to a £1.5m EV at the current share price, let's see if this year justifies the increased optimism in the outlook. Finncap have updated today and hope to relaunch forecasts asap. They conclude: "Transition: the on-going transition to SaaS impacted sales as license revenue is spread over 5-12 year (reduced by 85% this year) yet 2018 was one of Simigon’s strongest delivery years. This should improve the long-term financial security but leaves the current valuation looking extremely cheap on core metrics."
rivaldo
29/4/2019
09:37
Agree Rivaldo, the company does look better placed than for some time. The development of new markets and verticals that they made such a play of a couple of years ago is still painfully slow though but hopefully they will at last start to see some of that coming through.
daz
29/4/2019
08:03
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: Https://uk.advfn.com/stock-market/london/simigon-SIM/share-news/SimiGon-Limited-Simigon-kick-off-reseach-programme/79781713 "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."
rivaldo
24/4/2019
07:11
Good news today re a $1.41m extension to the US Air Force contract: Https://www.investegate.co.uk/simigon-limited--sim-/rns/usaf-logistics-support-contract-extension/201904240700048686W/ SIM must now have a considerable portion of forecast revenues for this year already secured. This is another validation of SIM's business. And there's an interesting concluding comment which hints at more to come: "Management expects this Contract to generate new business with the USAF and other Government end users."
rivaldo
18/4/2019
11:42
I don't disagree with any of that. But as a part of a diversified portfolio, I believe that: - with the £5m-£6m cash pile almost equal to the m/cap - with a number of long-term blue chip customers - with the transition to recurring revenues largely complete - with the obvious potential in VR/simulation - with similar potential in diversification into related areas - with a number of contract RNS's securing income for this year - and with a more positive outlook for this year and going forward per the last trading statement the upside remains large - if they finally get it right - and the downside from this £6.3m m/cap (there are only 51.4m shares in issue) is relatively limited.
rivaldo
18/4/2019
10:58
This is my note from Nov 17 detailing Ami's excess I really don't know where to start here (this is a note I compiled in November 17 regarding Ami Vizer's remuneration) The company floated in 2006 at 88p with approx 37m shares so a market cap of about £32.5m and revenue of $7.5m (2006). At that time Ami Vizer the CEO owned 1.6m shares (4.3%). In the 11 full years since the float the company has averaged turn over of $6.4m and it has shown no real growth trajectory and has a current Mk Cap of £9.5m Ami Vizer during that period has been paid approx $500k per annum or over 8% of turnover! He clearly works very hard, every year the company pays him additional salary to work through his holidays! During this period of no growth the company shares in issue have gone from 37m to 51.5m of which nearly 10m have been given to Ami Vizer in options so at the last count he owned 11.4m shares or 22.1% of the company. I find that absolutely scandalous pay and awarding of options for monumental under performance over an extended period of time.
cockerhoop
18/4/2019
10:55
Yes, but the CEO only held about 2% when the company was floated and has been gifted the remaining 20% in options for turning a $8m revenue company into a $5m revenue one. #rewardforfailure
cockerhoop
18/4/2019
09:45
Good to see institutions like Herald and Axxion on the shareholder list of this microcap, along with the CEO holding 22%: Major Shareholders A. Vizer / A. Vizer Holding Ltd 22.11% Jeffrey Braun 12.73% Herald Investment Management Ltd 9.83% Axxion S.A. 6.81% Green Venture Capital Ltd 5.97% Guy Poran 4.42% Shroder Euroclear Nominees Ltd 3.33%
rivaldo
18/4/2019
09:18
will continue to rise
inv
18/4/2019
09:18
I think Ami's previous behaviour suggests that shareholders will never benefit from the cash pile so should be discounted from any valuation calculations imo. It's the ultimate lifestyle business, Ami picks up his $500k each year along with a couple of % of the company stock in options. Easymoney!
cockerhoop
18/4/2019
09:08
Small cap great news today 40p easy in 2019.
blueball
18/4/2019
09:06
I suspect the price reaction is largely a function of SIM being undervalued previously - the m/cap was less than the cash pile (and even now is still not much above it). It's an RNS Reach as there's no specific financial information to validate the tests for a full RNS. An RNS Reach announcement is simply non-regulatory in that sense, but still significant enough to announce. It's a framework agreement which acts as excellent validation for the company. And for a £7m m/cap company with $5m revenues last year and a £5m-£6m cash pile, even just $1m per annum additional revenues would go a long way :o))
rivaldo
18/4/2019
08:48
Agreed - rise seems overdone for just being added to a preferred suppliers list.....
pilkersa
18/4/2019
08:44
So they've signed up to a framework agreement for potential future business that totals $24m per year spread amongst the likes of IBM, Microsoft, Oracle & Adobe. Doesn't seem all that significant to me. Released as an RNS Reach so not price sensitive - slightly bizarre share price reaction imo. Might allow Ami to snaffle another few % of the company in a bonus though :-)
cockerhoop
18/4/2019
07:33
Well well - this sounds encouraging..... Https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-signs-bpa-with-the-us-dod/201904180700085573W/ "SimiGon signs Blanket Purchase Agreement with the US Department of Defense SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that SimiGon has signed a Blanket Purchase Agreement ("BPA") with the U.S. Department of Defense ("DoD") Enterprise Software Initiative ("ESI"). Under the BPA, SimiGon and the DoD ESI have established agreed pricing and processes for government customers to purchase the Company's products and services. ESI is an official DoD initiative sponsored by the DoD Chief Information Officer to both establish and manage enterprise commercial off-the-shelf IT agreements, assets, and policies. DoD ESI lowers the total cost of ownership across the DoD, Coast Guard and Intelligence Communities for commercial software, IT hardware, and services. The DoD ESI provides an effective method for approved software publishers, hardware vendors and service providers to streamline sales to the DoD ESI customers. The total potential sales amount for all selected vendors under this BPA is approximately $238.6 million over a period of 10 years commencing 1 April 2019. SimiGon President and CEO, Ami Vizer, said: "We are delighted to join DoD ESI under this BPA. Through signing the BPA, SimiGon joins blue chip technology companies such as IBM, Microsoft, Oracle and Adobe as an official DoD ESI BPA contract holder. The BPA is another validation of SimiGon's technology, software products and business model as a viable solution for Federal agencies seeking advanced training and simulation solutions for multiple domains."
rivaldo
15/2/2019
14:12
Looks like some stale holders got out yesterday, taking advantage of some liquidity/demand. Anyway, for the record here's Finncap's update: "Update and contract wins SimiGon, the global provider of simulation training solutions, has updated the market on FY 2018; expecting to report revenue up 15% to c.$5m (2017: $4.3m) and a reduced adj. net loss of $0.7m (2017: $0.9m loss). As noted in the interims, the loss is partly due to a provision of $0.5m against a delayed payment from a civilian training customer. In operational terms the year was successful; SimiGon hit milestones on its strategic contracts including the IAF F-16 Maintenance Trainer program, logistics support on the USAF T-6A program and extending the UK Military Flight Training System program. Looking ahead there is further positive news as SimiGon strengthens its relationship with an existing European customer through multiple new contracts totalling $0.9m over three years including licences, maintenance and support services for its simulation training centres. Our forecasts and TP remain under review until there is greater visibility.  Strategic focus: This has been a quiet couple of years for the company. In that time, the management has nevertheless focused on three key operational areas:  Delivering ‘Distributed Learning Solutions’ to core strategic partners worldwide, both directly and through its partners, now has training sites in North America, Europe, Middle East and in the Asia Pacific markets.  Expanding market reach, to see utilisation of SIMbox technology in multiple domains such as maintenance training, commercial equipment operator training and research labs.  Strengthening the technology, improving SIMbox capability; the graphics engine; simulation and learning management system; delivering complete VR solutions.  Positive outlook: We are encouraged that SimiGon thus entered FY 2019 with more clients, more partners, stronger technology and broader adoption of SIMbox in multiple domains. This is a solid platform for growth and management expects to improve both revenue and profitability this year.  Strong cash position: The company remains well funded with c.$7m of cash at the interim point and significant receivables to be collected in H2."
rivaldo
14/2/2019
09:40
Finally some positive signs in today's trading update - and an $850k contract win too. The loss for 2018 was much improved at around £0.2m, before the provision for the "delayed" receipt which may yet be received anyway. Which means that SIM actually were at breakeven for H2'18. SIM had $7m cash at June'18, so hopefully this has remained stable against the £6m m/cap. The potential here in VR, training etc is obvious, especially given the blue chip client list, but management have to actually show they can deliver. Perhaps 2019, with the transition to SaaS almost complete, will be a year of delivery in this respect. SIM are certainly pretty optimistic: "SimiGon has entered 2019 with more clients, more partners, stronger technology and much broader utilization of our SIMbox technology in multiple domains compared to any other year in our history. All of which serves as a strong baseline for further growth and management expect this to improve revenue and profitability in 2019."
rivaldo
19/12/2018
13:20
Another contract win, this time for $0.92m, presumably mostly falling into next year: Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201812190700048975K/ Already factored into expectations, but the number of recent contract win RNS's gives hope that those expectations will be met. Not that we have any idea what those expectations are - Finncap haven't issued any notes since February!
rivaldo
15/10/2018
07:27
Yes excellent news Rivaldo. After a very long (& frustrating) wait for contract news, the CEO & CFO now seem to be pulling in a few deals. Long may it continue
chalkyboard
15/10/2018
07:18
A further $0.5m contract win with the US Air Force today - interesting that the closing CEO comment looks forward to more such contracts with the USAF "and other Government customers"....I wonder in which areas of simulation/VR this might be: Https://www.investegate.co.uk/simigon-limited--sim-/rns/further-contract/201810150700039516D/
rivaldo
08/10/2018
07:29
Another new contract win - this time with the US Air Force in Europe - for the Virtual Reality De-Icing Simulator, again adding to confidence in expectations for this year: Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201810080700069896C/ "This contract is SimiGon's second aircraft deicer simulation contract win in the past six months and exhibits how the Company and its technology can be quickly taken up once new markets and applications are identified." "SimiGon President and CEO, Ami Vizer, said: "This Contract award is a strategic milestone for SimiGon as it demonstrates the Company's ability to penetrate new markets and requirements for cost effective personal training systems. The SVADS emergence is part of the Company's vision to utilize SIMbox technology in multiple domains. We are very excited by this and will continue to push into this market with high quality deliveries of advanced training products for military and civilian aviation".
rivaldo
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