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% 7.50p 7.00p 8.00p 7.50p 7.50p 7.50p 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 - 4

Simigon Share Discussion Threads

Showing 2126 to 2150 of 2150 messages
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DateSubjectAuthorDiscuss
07/10/2019
14:14
Nice 100,000 share buy at 7.75p.
rivaldo
07/10/2019
07:46
I think it comes down to trust. In fact after 12 similar announcements wrt contact wins over the past year - it says it all that their NOMAD finncap, still hasn't published any financial forecasts for the company. Amazing too that the larger shareholders haven't yet tried forcing Ami out.
unclesamgw
07/10/2019
07:30
Any ideas wrt the value? Ami has conveniently not mentioned this important bit on all the recent contract wins?
calijoe
07/10/2019
07:09
Another contract win - on a new aircraft, and the "major European customer"s fourth aircraft platform which uses SIM: Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201910070700119026O/
rivaldo
03/10/2019
10:22
I agree with you all that AV is grossly overpaid.
varies
02/10/2019
14:09
Good spot Brummy_Git the lease runs for 5 years from November 2016 and was $77k in 2018.
cockerhoop
02/10/2019
14:00
Ami & his family (TWOchi LLP) also apparently lease office space to the company, which chips in with another $75k pa. Furthermore, I understand he, along with this wife, ran/owned an airline (Via Airlines) for several years too - and (according to the local press) even managed to fit in time to pilot the planes. That is before the company recently went pear-shaped & was sold in Jul'19 - which probably explains why some of his employees (Glassdoor) complained that they hardly ever saw him.
brummy_git
02/10/2019
13:25
Partially correct Varies On top of his base salary he also received in 2018 $39,165 in lieu of holiday worked (this happen every year despite Glassdoor reports the staff never see him) He also received $28,721 in respect of severance allocation transfer and $39,165 in health insurance. A total of $521,463 That's not forgetting the approaching 20% of the company he has gifted himself since the company was floated. Perhaps he'll take a pay cut now he's employed a COO to actually do his job - but I wouldn't hold your breath.
cockerhoop
02/10/2019
13:01
PS To put the high salaries into perspective : AV's salary in 2018 was $414,000 and the other directors received $249,000 making total salaries of $663,000. Revenues came to $5,029,000, cost of revenues to $973,000 and gross profits to $4,056,000. Deductions of $2,335,000 for R&D, $1,019,000 for selling etc and $1,462,000 for general expenses and admin add up to $4,816,000 leaving an operating loss of $760,000. The salaries are presumably included in the $1,462,000. Whilst they strike me as being twice as high as they should be, they do not seem to have gone up much in recent years. I think we could see SIM move into an operating profit this year in spite of them. I do, however, share the resentment generally expressed here that our directors are doing so much better out of SIM than we are.
varies
02/10/2019
12:50
Thanks Varies - How many end up as being good investments though? Probably not a high percentage?
brummy_git
02/10/2019
12:38
Unfortunately there is nothing exceptional about a controlling shareholder of a small company taking a salary that absorbs most of the profits.
varies
01/10/2019
13:37
Totally agree yump. Given Ami is now both exec Chairman and CEO, surrounded by a very compliant board, then external shareholders are likely to be toast. Worse still there is no corporate governance either, which is probably why (I suspect) finncap are refusing to write any research. Real shame really, because Simigon could actually be a decent business – and probably a nice investment to boot.
unclesamgw
01/10/2019
12:48
You're being taken for idiots by Simigon guys.
yump
01/10/2019
08:10
No update note or FY19 forecasts from NOMAD finncap again. Something doesn't quite gel here.
brummy_git
01/10/2019
07:21
Nice summary from the respected Techmarketview: Https://www.techmarketview.com/ukhotviews/archive/2019/09/30/simigon-learning-to-grow "SimiGon learning to grow LSE-listed but US / Israeli headquartered, 3D simulation training SaaS provider SimiGon, saw revenue for the first six months of the year increase by 12% to $2.7m (H1 18: $2.4 m). Operating losses declined by 32% to $0.44m (H1 18: $0.65m). SimiGon was founded by former Israeli Air Force flight instructors and is best known as a provider of its simulation development platform - SIMbox - used by companies to create 3D simulation training applications principally for the defence and aviation markets. SimiGon's client base includes training and simulation systems providers, as well as over 20 air forces, and commercial airlines worldwide. The defence training market remains core to SimiGon where is supports clients including the United States Air Force (USAF) Air Education and Training Command and Lockheed Martin's UK Military Flight Training System. During the first six months of the year it added an additional $850k of contracts with key European customers, signed an agreement with the U.S. Department of Defense Enterprise Software Initiative and added a $1.4m 12-month contract with the USAF to support Flight Training. As we are seeing from our latest TechMarketView Innovation Partner Programme, learning technologies is a very vibrant place to be at the moment. Expanding beyond defence into civilian and commercial markets where Millennials and Generation Z users demand a more immersive learning experience could offer SimiGon huge potential. SimiGon has a great client list that should lay a foundation for future growth and a return to profitability. The challenge now is making this happen. Post Period activity with half a dozen or so contracts with the USAF already announced look like a very positive start."
rivaldo
30/9/2019
17:55
Rivaldo, Thanks. I find the shares very attractive but am inhibited from buying more by the risk that the directors will take them off AIM. This happens with increasing frequency. I was very lucky with Silanis where I kept my shares after the company left AIM and was eventually bought out at an excellent price but I have had unhappy experiences too. With all these AIM stocks, especially those whose business is mainly conducted outside the UK, we small shareholders are always at the mercy of the directors.
varies
30/9/2019
12:36
Cheers varies. It's certainly nicely prudent to write off all that R&D - if it does pay off then future profits will benefit rather nicely. Whilst you could make an allowance for the current, relatively small losses being largely due to those prudent R&D write-offs, it's also fair to say that the this H1 benefited from the reduction in the doubtful debt provision. I do believe that as part of a wider portfolio SIM is worthwhile for its potential over time - especially given that at present levels it's m/cap is below its cash. The reservations about CEO pay etc would stop me making it a larger part of my portfolio, unless and until it was obvious that the R&D, entry into VR/AR and civilian markets etc were about to really pay off.
rivaldo
30/9/2019
10:38
Rivaldo Thank you for your analysis of the half-year figures. All I would add is that SIM continues to spend c40% of its revenues on R&D charged to the P&L account. This is an exceptionally high proportion and dwarves the high administration expenses much of which consist of salaries paid to the directors. The distinction between R&D and other expenses in a software development company like SIM must be rather arbitrary but I take comfort in seeing all this R&D set against profits. In many cases much of it is added to capital and then amortised later.
varies
30/9/2019
09:35
Probably worth putting a big bet on somewhere against that happening. It would be a profitable hedge. fwiw it took me quite a few years and some painful losses of capital to realise that AIM UK businesses are risky, but anything from overseas is a recipe for losing your shirt. In fact, I had a look through the market a while back for anything in $ or any other non-sterling currency to try to find successes. Chinese (not one single success), Australian (1 crook, several fails), US (don't look), Israel (no comment)... the whole lot are a major risk, not the golden opportunity for growth that was and is often presented. No doubt the reason they floated here is always given as AIM is a better opportunity than their own markets to support small growing businesses. You just have to ask yourself who the better opportunity is actually for.
yump
30/9/2019
09:08
Agreed rivaldo. Albeit IMO, Simigon is still uninvestable until CEO Ami Vizer gets replaced.
calijoe
30/9/2019
08:49
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."
rivaldo
09/9/2019
07:17
Another contract win with the US Air Force. this time for "Mixed Reality" training devices for USAF Air Combat Command - "a new, larger customer base, the ACC, the primary supplier of US air combat forces": Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201909090700085805L/ "SimiGon President & CEO, Ami Vizer, commented: "This win is very gratifying as it demonstrates that the USAF and that the ACC in particular, understand our advanced technologies and combat training solutions. This is an exciting time for the Company as VR and MR solutions become a greater part of our portfolio. Our R&D team continues to make great strides to delivery true, next-level MR solutions. We look forward to our partnership with the F-15E community and the ACC."
rivaldo
23/8/2019
11:58
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.
brummy_git
22/8/2019
10:31
Hopefully it should all come out in the wash. Personally I suspect the interims will be at best flat on H1'18 (sales $2.4m), and possibly even down if they haven't been able to replace the "major development and delivery milestones in support of Lockheed Martin's UKMFTS program" which ended last year. Also today's news looks pretty similar to what was announced at the prelims in April "Signed a Blanket Purchase Agreement with the U.S. Department of Defense Enterprise Software Initiative to establish agreed pricing and processes for government customers to purchase the Company's products and services." Luckily one thing that is certain though - is that regardless of performance (or lack of it), Ami Vizer will continue to pay himself more than $0.5m each year, equating to >10% of revenues. Choice.
unclesamgw
22/8/2019
10:28
Brummy-git If and when there is some "visibility", it may be too late to buy the shares. it may also be, of course, that visibility will take the form of a death rattle but I hope not. Uncertainty and distrust of the directors are built into SIM's present share price as into many others.
varies
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