Share Name Share Symbol Market Type Share ISIN Share Description
Simigon 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
  +1.00p +6.90% 15.50p 14.00p 17.00p 15.50p 15.00p 15.00p 11,102 08:01:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 3.2 -0.7 -1.5 - 7.86

Simigon Share Discussion Threads

Showing 2026 to 2043 of 2050 messages
Chat Pages: 82  81  80  79  78  77  76  75  74  73  72  71  Older
DateSubjectAuthorDiscuss
25/9/2018
09:44
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.
cockerhoop
24/9/2018
16:44
Yes clearly something has gone very wrong there, I didn't pick up on this earlier but it is buried in the announcement that this also has '... led to a revision in our forward backlog order book from the previously announced $20 million to $14.5 million'
daz
24/9/2018
08:17
Can't believe the price is holding up - they just lost the $7.9m contract awarded in 2016 in acrimony. Yet to successfully deliver a prime contract. Absolutely woeful.
cockerhoop
04/9/2018
05:52
Woolly mammoths in the permafrost likely twitch more than this stock . There must be lots of stale bulls around other than me dying to get out on any kind of price movement ..
ohisay
21/6/2018
16:35
I'm a little confused as to whether the $5m prediction from the Final Results is a forcast or expected revenue based on existing, signed contracts? from the Results: "This confidence is underlined by the fact that we have a backlog of over $20 million over the next ten years, approximately $5 million of which is expected to be delivered and recognised in 2018 (including the contract signed with a particular customer in the civilian training market)."" So the previous 300k contract will make this $5.3million but the recent contract won't contribute, if I understand correctly. But them hitting that $5million figure should not depend on them getting any new contracts? Cheers!
jinvest1
21/6/2018
16:05
OK, I stand corrected. Still good to know they are making progress against their target, so I think it's worth doing.
daz
21/6/2018
15:26
Daz,That's not correct. They are only duty bound to make contract announcements only when they make material differences (greater than 10%) to forecasts.As they state, It's not the case here.
cockerhoop
21/6/2018
11:49
The company are duty bound to make contract announcements, even if they are expected, especially as this contract alone represents nearly 10% of last year's revenue. I would guess this add-on was discussed at the time of the original contract and was agreed in principle, so the company knew it was coming, if not the exact timing. It does help underpin this year's forecast. Adding up all the contracts signed this year and adding to that a proportion of the contract from November 2017, which was for 14 months, comes to around $2.3m, to which recurring revenue also needs to be added. In the finals the company said '... SaaS based contracts now represent more than half of the business in terms of total revenue.'. Given that 2017 revenues were £4.335, that implies recurring revenues of around $2.2m, giving $4.5m in total, so half way into the year it looks like they are well on course to meet the $5m forecast and have a good chance of exceeding it, with a few more contract wins.
daz
21/6/2018
11:16
Yes it does seem pointless unless they want to remind you they still have a pulse. But why not pay a dividend if they want to be noticed??
ohisay
21/6/2018
09:53
Another contract award for 360k... which they had already accounted for in their 2018 predictions... so no change to the 5m revenue predicted this year. Also, what's the big woop if they already knew they were going to get the contract? and if they didn't, why are they did they assume so for their 2018 predictions? Am I right to be annoyed?
jinvest1
11/5/2018
14:57
Chaps, that $8m forecast is simply the old Finncap forecast from some time ago. Since mid-2017 Finncap's forecast for 2018 has been "Under Review", so I wouldn't place much value on that figure. In Feb'18 Finncap said "we hope to reinitiate cover shortly". Given the prelims were over 2 weeks ago I'd hope that Finncap are now in the throes of being guided to new figures for 2018 and 2019 by the company.....
rivaldo
11/5/2018
13:20
Jinvest1 - Unfortunately Stockopedia doesn't provide the source of the forecasts, I'd also be interested to find out how that figure has been arrived at, which as you imply seems a massive jump compared to previous years and would suggest a significant larger contract is expected to be signed, given the size of those signed in the year to date.
daz
11/5/2018
11:37
That's good to know they have around 400k+ in new contracts so far in 2018. I'm interested where the 8m forcast came from? As far as I can see in the final year report they have 5m contracts to complete and recognise in 2018, presumably including the carry-over from last year. Add in the new contracts and they are looking at 5.5m in revenue for 2018, hopefully rising to 6m with a couple more through the year. Considering they were making profit on 6m revenues in 2016, and should get a windfall as last year they had to recognise all costs but only half revenue for that large 2m contract, profit margins should be bigger in 2018. If they return to profitability in 2018 I'll be very happy to see the share price rise to 18-20p.
jinvest1
08/5/2018
11:23
There's no contract value for this RNS but the contract announcements for the year to date have been $125,000 and an apprximate annualised $250,0000, so if you assume this contract is in the range of $50 - 100k, then that makes the cumlative revenue between $425,000 and $475,000, which does help underpin the $8m revenue forecast for this year. If they achieve this, the shares would look very cheap.
daz
08/5/2018
07:17
Good to see a new contract win - for the US Air Force, and in a new area too, with a potentially large market: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SIM/13631833.html "SimiGon awarded USAF technician training contract SimiGon to provide Virtual Reality simulation based training for USAF De-icing technicians SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has contracted the Company to deliver a Virtual Reality (VR) Aircraft De-icing Simulator (the "Contract"). Securing this contract highlights the Company's ability to identify new markets and applications for its traditional customer base.... ....The Company estimates the De-Icing market to include more than 100,000 trainees per year in the civilian market. SimiGon's technology and business model is well suited for rapid product rollout to meet expected market demand and the Company is looking forward to successfully leveraging its aircraft de-icing training product for substantial business growth. SimiGon President and CEO, Ami Vizer, said: "This Contract award is significant for SimiGon as it further demonstrates the Company's ability to identify new markets and their requirements for a cost effective personal training systems and tailor its training products to meet new demands within a short timeframe. This SIMbox-based training product is the ongoing realization of the Company's strategic plan to utilize the technology in multiple domains. We are excited to receive the VR Aircraft De-icing Simulator award to support USAF technician training and expect to further penetrate the De-Icing market and deliver high quality training products to both the military and civilian aviation in the future"."
rivaldo
07/2/2018
08:58
RNS - good to see SIM win another contract with the US Air Force: Https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-awarded-additional-usaf-support-contract/201802070700041170E/ At $560,000 over 28 months it's reasonably if not particularly material, but the importance lies with: - the USAF evidently retain confidence in SIM in awarding further contracts - this win is for support services, which provide annual recurring income to lessen SIM's former reliance on lumpy contract wins - in particular there's a strong hint of more to come: "We expect this Contract to generate further CLS opportunities with the USAF and other Government customers in the future."
rivaldo
16/1/2018
21:39
DGW, To precisely what end? It's clear that's there's a systemic transfer of ownership going on here whilst Ami has also taken approaching $5m in salary and benefits from the company. The background of the NED's give me no confidence in the upholding of corporate governance. The company states it has circa $8M cash yet when it's profitability drops it slashes the dividend after announcing a modest share buyback program that still hasn't been implemented nearly 12 months after being announced. On an operational level they appear unable meet customers demands, their products don't seem to have evolved from those listed in the admission document 11 years ago. They appear fortunate that their SIMIBOX product was designed into Lockheed Martin military training CBT which lead to early sales on the back of their partners efforts but any of their own stand alone simulation efforts has resulted in dismal failure and a argument with the auditors over revenue recognition at the year end. The cash balance makes the company appear an absolute steal on all value based metrics but it's my view the companies behavior over a number of years means that shareholders will not ever get their hands on the cash. I hope I'm wrong and you guys get out of it with a decent profit but I personally believe at best it's a value trap. Disclosure: Whilst I've never been invested here, my former career prior to investing full time was in flight simulation. Hence the interest in SIM.
cockerhoop
16/1/2018
09:31
I really don't know where to start here (this is a note I compiled in November 17 regarding Ami Vizer's renumeration) 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
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