Simigon Share Discussion Threads

[tole] 21/11/2007 19:20

21-Nov-07 SimiGon SIM Evolution Securities Add 73.00p - 80.00p New Coverage

[jollyjojo] 30/10/2007 11:43

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[thecurrymonster] 09/7/2007 09:00

nice to see some good news here after that awful trading statement a few weeks ago.

[tole] 11/6/2007 17:26

Gotta laugh - noted Panmure Gordon stating buy and 75p target for Simigon.

Apprecaite anybody posting new forecasts if they have them...would like to keep an eye on developments -


Looked like good potential on previous forecasts and old target price of 135p (though they did note a PER target of 170p and DCF target of more than 200p)

Year end Sales PBTA EPS P/E EV/EBITDA Yield
December ($m) ($m) (p) (x) (x) (%)
2006A 7.5 2.5 4.1 24.6 20.6 n/a
2007E 14.5 6.8 9.3 10.8 9.3 n/a
2008E 23.7 12.2 16.6 6.0 4.4 n/a

[papalpower] 09/6/2007 01:56

It is often the trouble with these "defense" stocks, they have pitiful H1 figures, and H2 figures are around 80% of earnings, as the defense sector in general likes to pay in Q4.

Therefore, with stocks like SIM, this gives very little leeway for a slip in orders, and it looks like they know now that there 07 order book has slipped into 08.

Good company, worth a revist Q2 08 imo.

[tole] 08/6/2007 17:02

lol...looks that way. I've been watching. Actually thought it looked a good bet after pretty solid results and if prospective forecasts were to be believed... lucky escape.

"Simulation software provider SimiGon (SIM) saw its shares plunge by 40.5p to 55p on the back of a dire profits warning. The company cautioned the market that full year revenue growth would be significantly below market expectations at around 15%. The shock profits warning came as the group recorded delays in expected orders and weak sales of its AirTrack products to commercial airlines."

[liarspoker] 08/6/2007 16:58

Yep, too many of those around 2LB.

FSG is a nifty little software stock though. :O)

[2lb] 08/6/2007 16:45

Yet another AIM classic - float, trouser a few quid, then bang out a profit warning.

[thecurrymonster] 22/5/2007 12:58

Hi Bruce, nice to see somebody posting here - there doesn't seem to be much interest in this stock, but sometimes those are the best stocks to be in.

I'll keep an eye out for your 38k - It shouldn't be too difficult to spot!

[bruce meinhoff] 22/5/2007 11:55

Wait for delayed 38k buy - that's me.

[thecurrymonster] 10/5/2007 12:27

not many posts here - Anybody got any interest in this company?

[mr ashley james] 07/1/2007 17:03

Dogberry,

It appears I may not be alone in my 2007 Precious Metals Bull call



Markets

The Sunday Times January 07, 2007


Why bullion is heading for an all-time high


COULD 2007 be the year when the price of bullion hits an all-time high? Seven years ago when the price was $250 and the world was in the the grip of a technology boom there was a sense that gold was so last century. But it has staged a remarkable comeback.
Ross Norman at Thebulliondesk.com, who has been the best bullion forecaster for the past four years, predicts the metal will hit $850 an ounce this year, a record level last seen in January 1980. That was when refugees from Iran and Vietnam were pictured arriving with their entire fortunes in gold bars. Global inflation was out of control and people were queuing outside jewellers in London's Hatton Garden to sell their baubles for cash.



In those days, gold was seen as the ultimate store of value. It still is in many countries, but there is also growing consumer demand for the metal, particularly by newly enriched consumers in China, India, Russia and Brazil.

As the graph shows, despite consistent selling by European governments, gold has been a stellar performer for the past six years and last year it rose 23%. Gold was once the great contra-cyclical performer, particularly attractive when equity markets were in freefall or the dollar was weak. But since the turn of the millennium its run has been in line with equities and other commodities.

However, gold's contra-cyclical qualities should not be forgotten altogether and its recent run has been helped by the weakening dollar and inflation fears.

What has helped the price move most is the creation of exchange-traded gold funds. This has enabled institutional investors to gain exposure, and some, such as the J Sainsbury and BT pension funds, have made tidy profits by trading gold.

Since the 1970s, when the gold price stopped being fixed, one of the best guides to its value has been the oil price. For decades, gold traded at a ratio of 16 barrels of oil to every ounce of gold.

With the oil price pushed up to the levels we have seen over the past few years, that ratio is now being tested. As gold closed the week at $609, it would be trading at $840 an ounce if the oil barrel to gold ratio was applied.

The gold run has made some of the 12 European central banks re-evaluate divesting their gold reserves, and one even turned into a buyer last month.

If the Gold Council ever found a way for retail investors to gain exposure to the metal - other than by physically buying it - then the price would really fly.

There are commodities that do look overpriced after rises last year. Nickel was up 148%, zinc 123% and tin 78%. These saw sharp falls last week, but it would be wrong to bracket gold alongside them.

[mr ashley james] 05/1/2007 15:40

Gordon Miller, CEO, Simmer & Jack Mines and First Uranium Corporation.

First Uranium to seek JVs, deals
David McKay
Posted: Tue, 02 Jan 2007
[miningmx.com] -- FIRST Uranium Corp., the exploration firm in which the JSE's Simmer & Jack Mines (Simmers) has a 65% stake, said it would seek acquisitions and joint ventures to complement its existing projects in South Africa.


"We plan to pursue an aggressive acquisition programme in southern Africa and enter into joint ventures," said Gordon Miller, CEO of First Uranium and Simmers in an interview.

There are about 20 uranium plants still in South Africa from the last uranium boom, suggesting that there was significant uranium resources that could be developed, Miller said.

First Uranium Corp raised C$203m in an initial public offering on December 20. Including an over-allotment agreement with First Uranium's undewriting banking syndicate, a total of C$232m was raised. This was about C$60m more than expected, Miller disclosed.

In addition, First Uranium Corp. had a loan facility with South African bank Investec totalling US$115m which would be finalised after meeting a number of conditions precedent including ratification of a management structure. Miller said he would remain CEO of both First Uranium Corp. and Simmers. "I have a chief operating officer for both companies so there's no problem there," he said.

Feedback from the listing had been positive, said Miller. The Canadians were interested in the company because with production scheduled for the second quarter of 2008, it was considered a near-production company. "We're still trading at a discount to our peers," he said. Converting more resources to reserves would "take First Uranium up the value curve," he said.
Free news alerts: click here to subscribeUranium financings in 2006 totalled C$1.8bn, according to a Globe & Mail report of December 20 with much of the focus falling on near-term producers. Australia's Paladin Resources raised $250m and C$155m was secured by sxr Uranium One in addition to $340m in two stock sales, Globe & Mail said.

"We don't have an aggressive timeline on our development schedule and we can comfortably achieve our milestones," Miller said. "We've seen what sxr (Uranium One) and Paladin have done, and we know that uranium companies tend to attract a premium to net asset value the closer they edge to production," he said.

First Uranium reported inferred uranium resources at its Ezulwini project in South Africa of about 50 million pounds in a description of its business on the Simmers website.

[liarspoker] 11/11/2006 19:29

First dealings 2nd November.

Simigon has developed a flexible simulation software engine, SIMbox, which is used to create distributed simulation packages.

[dogberry202000] 20/6/2006 23:23

Quite an outstanding prospect, Hot.