Simigon Share Discussion Threads

[tanboy1950] 25/9/2011 17:34

had a punt on thursday at 7.5p..maybe my luck has changed ?????

[saud2237] 23/9/2011 12:34

The potential just amazes me. How did it go unnoticed for so long

[saud2237] 23/9/2011 12:34

Anyone watching this....surely its a 10 bagger !!!

[lucky_punter] 23/9/2011 12:13

Simigon shares take off as investors focus on flight simulator's progress

Earlier this month Simigon won a $2.6 million with the US Air Force to simulate a T-6 Texan II training aircraft
Investors may be waking up to the potential of micro-cap software firm Simigon (LON:SIM) as the stock shot up over 50 per cent today

[saud2237] 23/9/2011 11:46

The potential here is amazing !!!

[saud2237] 23/9/2011 11:45

Really impressed with this

[bill182] 23/9/2011 08:24

Courtesy of SpikeyDT

7:20 am
The Times

Tiddler to watch: SimiGon jumped 35.9% to 63/4p, after XCAP met its management and gave the shares a push. The broker said that the Florida-based, Israeli-managed supplier of simulator software stands to benefit from tighter defence budgets. From next year, SimiGon will charge $10,000 (£6,500) for every pilot who takes a course to fly the Joint Strike Fighter

[bill182] 22/9/2011 17:33

Thanks to SpikeyDT for the following:

Simigon shares take off as investors focus on flight simulator's progress
4:29 pm by Jamie Ashcroft


Earlier this month Simigon won a $2.6 million with the US Air Force to simulate a T-6 Texan II training aircraft
Investors may be waking up to the potential of micro-cap software firm Simigon (LON:SIM) as the stock shot up over 50 per cent today.
September has been a busy and productive month for the Orlando-based software firm, which has developed a flight simulator package for fighter-jets. But until it was tipped by XCap Securities analysts this morning, it seemed much of this progress has gone under the radar for most investors.

At the very start of September Simigon – which is valued at less than £5 million - announced a US$2.6 million contract with the US Air Force. Through this deal the group's SIMbox MTD simulators, configured to simulate a T-6 Texan II training aircraft, will be used to train undergraduate Remotely Piloted Aircraft (RPA) students.

The contract is expected to start generating revenue for Simigon during the current financial year, and it is expected to improve visibility over next year's revenue too.

Two weeks later, on September 14, Simigon released positive interim results, which it reported a 131 per cent uplift in revenue to US$2.43 million and a modest net profit of US$0.01 million which represented an improvement from the US$1.68 million loss it reported a year earlier.

In the wake of the results Simigon chief executive Amos Vizer said he was confident that the company would return to revenue growth in the full year.

While these events were undoubtedly positive there was little movement in the shares, which have barely twitched from the 5p mark since last summer. But this morning XCap Securities put the stock in focus this morning, with a note to its clients.

XCap analyst Tim Freeborn, who bought 100,000 Simigon shares for himself on Wednesday, said: "After over two years' effort Simigon gained prime contractor status on the Joint Strike Fighter.

"From next year it will charge US$10,000 for every pilot who takes a course to fly the plane. There will be many thousands of them.

"The software starts them off flying a PC and eventually graduates them to $30m simulators. A PC is much cheaper than a simulator, which in turn is cheap compared to flying the aircraft itself. Tight budgets are therefore good news.

"The company believes the contracts where it is already selected will generate US$120 million of revenues over the next ten years. The current backlog, covering the next 12 months, is already worth US$4.9 million. Gross margins seem to be around 85 per cent."

It is important to add that Simigon has had something of a chequered past. Indeed back in 2007, just a year after its £10 million AIM IPO its shares collapsed.

The trouble is that the group's software is used in 23 air forces around the world but it is only used countries that are 'friendly to the United States' military, Freeborn explained in his note. Back in 2007 the US government blocked a significant deal with the Chinese. And since then the shares have languished.

So after a busy September many investors will now have their eyes fixed on this micro-cap software firm to see if it can take off once again.

On AIM Simigon shares closed Thursday's session up 1.75p, about 56 per cent, at 6.625p.

[double6] 22/9/2011 16:45

bill.

75% tightly held.

AGM update imminent.

Any outside interest (similar to Autonomy) could see 30p in no time!

[bill182] 22/9/2011 16:31

I reckon by the close of play tomorrow, we will have seen more trades this week than in any week in the last five years. It would appear that the shares are tightly held, therefore any concerted buying should do wonders for the share price. Let's see what tomorrow brings!

[bill182] 22/9/2011 15:39

After a few sells and a retrace, buys are coming through again. I would be surprised to see many sellers at the current share price given the lack of trades over the past few months, and based on the fundamentals, I believe the share price should be in double figures.

[double6] 22/9/2011 12:47

500k ota today

[pelleeds1980] 22/9/2011 12:46

Hi D6 - are you in here? Not able to see any trades where I am right now - is there much going through.

[double6] 22/9/2011 12:44

Major Shareholders...

Major Shareholders
Jeffrey Braun14.83%
Packet Science14.15%
A. Vizer / A. Vizer Holding Ltd13.23%
G.Poran Holding Ltd.8.56%
Israeli Aircraft Industries Ltd5.95%
Green Venture Capital Ltd6.95%
Moldovski High-tech Ltd3.97%
Shroder Euroclear Nominees Ltd.3.88%
S.S.D.E. Technologies (1999) Ltd2.65%
Mizrahi Tefahot Bank2.33%

[double6] 22/9/2011 12:34

Could there be interest from elsewhere in the company.

Wonder what price anyone buying it out would have to pay ?

[bill182] 22/9/2011 11:37

When you consider the government contracts they have, and the positive outlook for the company, the share even after today's rise...so far, are ridiculously cheap relative to the net assets and their peers.

[pelleeds1980] 22/9/2011 11:23

Held onto these for ages..nice to see them finally come good..shame rest of mine are going down the drain.

This and SUK2 about my only winners today

[analyst008] 22/9/2011 10:47

Company looks good.
Growth in place.
Offer price has been extended to 8P now.
What next????
AGM on the 28/9/11?
Update?

[bill182] 14/9/2011 11:38

Buy recommendation from Merchant:

Military aircraft trainer SimiGon saw revenues more than double to $2.43m in the first half of 2011, bringing it back into profit, if only just. The firm posted net profits of $0.01m in the six months to the end of June, compared with a loss of $1.68m the previous year. It said that the first half of the year was traditionally the company's weakest half as most of contract awards occurred in the last quarter of the year. However, in the first half, there was a significant increase in the provision of training programmes for multiple clients delivering significant revenue growth, SimiGon said. The firm warned that the macro environment continued to have an impact as delays to large contracts could postpone associated training programmes. But SimiGon said it was cautiously optimistic "about the ramp up of these programmes that should result in continued growth in revenues from these long term contracts". Analysts at Merchant Securities said after a healthy cash inflow from working capital, the market cap of the company was trading below the $3.86m or �2.34m net cash position. "The group is benefitting from the on-going F-35 fighter training programme and has been achieving project milestones on the UK Military Flying Training System," they said in a note. Merchant rates SimiGon as a 'buy'.

[bill182] 14/9/2011 08:15

Results out.
Significant improvement over last year, with revenues up 131%, improving cash position and a return to profit. The outlook for the remainder of the year is also promising. With NA's of $5.0m versus the current mkt cap of £2.26m, this share is very much under the radar.

[bill182] 01/9/2011 14:32

An excellent contract win. This one seems to be very much under the radar. Ah well, they say patience is a virtue.

[moreforus] 01/9/2011 07:14

SimiGon Limited
US Air Force awards contract to SimiGon
RNS Number : 3965N
SimiGon Limited
01 September 2011



1 September 2011
SimiGon Ltd
("SimiGon" or "the Company")

U.S. Air Force awards a $2.6m contract to SimiGon

SimiGon (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has been chosen as the prime contractor by the U.S. Air Force Air Education Training Command (AETC) for the delivery of SIMbox based T-6A Modular Training Devices (MTD). Under the terms of the contract, SimiGon will be paid $2.6m for the successful delivery of the MTD.

The SIMbox MTD simulators will be used to train undergraduate, Remotely Piloted Aircraft (RPA) students for Pilot Instrument Qualification training. The simulators will be configured as a T-6 Texan II utilising SimiGon's powerful Commercial off the Shelf (COTS) product, SIMbox®. The T-6 Texan II is a single-engine turboprop aircraft and is used by the United States Air Force for basic pilot training and by the United States Navy for Primary and Intermediate Joint Naval Flight Officer (NFO) and Air Force Combat Systems Officer (CSO) training.

SimiGon expects to commence recognising revenues from the contract in the current financial year. As a result, the contract is expected to have a positive impact on FY 2011 revenues and contribute to improved visibility over FY 2012 revenues. Additionally, it positions SimiGon for similar opportunities globally as the T-6A is also used as a basic trainer by the Canadian Forces, the Luftwaffe of Germany, the Greek Air Force, the Israeli Air Force, and others.

SimiGon President & CEO, Ami Vizer, said: "We are excited to be chosen as the prime contractor for the U.S. Air Force RPA undergraduate training as it allows us to move up the supply chain and have a direct relationship with the client. RPA pilot training is a rapidly growing segment and this contract is expected to provide us with numerous growth opportunities with the US Air Force as well as other forces worldwide. We see this contract as a first step in a long term, mutually beneficial relationship for both parties."

Enquiries:


SimiGon Ltd
Ami Vizer, Chief Executive Officer
[phone]
Efi Manea, Chief Financial Officer
Evolution Securities Ltd (NOMAD)
Jeremy Ellis / Chris Clarke
[phone]
Corfin Public Relations
Harry Chathli, Alexis Gore
[phone]



Notes to Editors:

SIMbox is a comprehensive PC-based software platform providing the ability to create, modify, manage and deploy any simulation-based content - aircraft, cars, ships, weapons, eLearning material and more - across a multitude of domains, such as training, research & development, operations analysis, and entertainment.

SIMbox is the only Simulation based Training solution on the market to offer a fully integrated system comprised of high fidelity 3D simulation within a Sharable Content Object Reference Model (SCORM) 2004 Learning Management System, After Action Review, Virtual Instructor and Live Instructor capabilities, trainee monitoring and reporting tools, a scheduling system, and easy-to-use content development tools.

[bill182] 06/5/2010 08:31

Up another 7.5% on a 60k purchase. I believe we may be on the point of clearing the overhang from the recent disposal, and then things should start to get interesting.