Simigon Share Discussion Threads

[dgwinterbottom] 05/11/2012 08:52

Not impressed with their communications!!! As a new shareholder I emailed them with a request as to how one might obtain the Brokers report. using their "info@" address on the website ,two emails failed to get response so I sent the next one via their "support" email address that was eventually picked up from the "junk" folder!!! The CEO replied saying he would come back to me....good thing I was not a prospective customer using their website email!!!!!!

[puku] 08/10/2012 13:47

i agree - bought in at 6.5 p but it just kept going past my "top up" points

[thedickster] 05/10/2012 10:28

if we bloody get any! lol

[thedickster] 05/10/2012 09:09

yep, just the start, will look to add further if we get any retracements

[sos100] 05/10/2012 08:48

any guesses on the shareprice in 12months time.

the market cap is still only 10million and the company said they expect this growth to continue. The stock is up over 200% this year.

is this just the start?

[thedickster] 04/10/2012 17:44

sitting here wishing i had bought more lol, and they are my second biggest investment this year, mostly in SIPP, so happy to ride up in months and years. CEO comes over really well, he knows they have something very valuable, but no arrogance, and he is concentrating on CASH, not bloody sales/order book, which is nice.

[wskill] 04/10/2012 16:48

Driver training on top of all the other learning ideas is going to make SIM a very valuable company in the future .

[stoney4th] 04/10/2012 16:43

im double at moment. was thinking of selling once doubled but now they have their eyes on driving apps for smartphones i may wait for another double! and they have the a bit of cash to help further the idea.

i wonder what other markets they could infiltrate?

[thedickster] 04/10/2012 16:33

yep, and i bet there's loads more! turned out nice and blue again!

[stoney4th] 04/10/2012 16:27

04/10/2012 12:13 INTERVIEW: Flight Training Systems Maker SimiGon Scans for New Markets










By Ed Ballard

LONDON--SimiGon Ltd. (SIM.LN), the developer of a simulation and training software platform primarily used to train aircraft pilots, may introduce a mobile application designed to help people learn to drive as it seeks to expand beyond its core market, Chief Executive Amos Vizer said Wednesday.

SimiGon's learning management system, which monitors the progress of students over a training course and tailors the program to their learning needs, could be applied to more-or-less any learning situation, Mr. Vizer said in an interview with Dow Jones Newswires.

He added the company is trialing a version of its software that could eventually be used in an app for phones and tablet computers to help people learn to drive.

SimiGon isn't close to marketing the product and has several other long-term growth prospects. "We're in the process of evaluating the viability of such a solution and perfecting it," he said. "We know that the market demand is there." He suggested that virtual training scenarios could eventually become a mandated part of driver-training programs.

The company is comfortable with market expectations for the full year, Mr. Vizer said. FinCapp, the only broker to have given a full-year forecast, predicted adjusted Ebitda of $1.1 million and sales of 6.1 million dollars. Last week SimiGon shares jumped after it posted first-half revenue up 43%.

The company could use its cash reserves, $6.43 million on June 30, to fund acquisitions, Mr. Vizer said. SimiGon would be most likely to buy a training services company working outside the aerospace sector, though it hasn't identified any targets.

At 1054 GMT, SimiGon's shares were unchanged at 20 pence. The FTSE AIM All Share index was also unchanged.

Write to Ed Ballard at [e-mail]

Subscribe to WSJ:

(END) Dow Jones Newswires

October 04, 2012 07:13 ET (11:13 GMT)


(i was only thinking recently that they could use their technology for driving...and this news came out! cool huh.)

[owenski] 02/10/2012 16:52

Picked up a few myself today, was on my watch list, results rather good

[thedickster] 02/10/2012 16:28

yep, no brainer, just watch the Instis try and buy in size LOL

[poombear] 02/10/2012 16:26

I can see this doubling again in the next 12 months. Jubbly!!

[thedickster] 02/10/2012 12:00

great stuff, in for some more in the sipp, was waiting for a retracement before adding, but may not come

[ceohunter] 02/10/2012 11:41

Stocktube video - SimiGon CEO says 43% Growth Rate Sustainable

Ami Vizar, Founder and CEO of Simigon (LON:SIM) tells Proactiveinvestors that he believes that the company is uniquely positioned for growth and can be position itself to be the market leader in, not just the defence industry with it's simulation training platform, but also in the general learning space. Ami explains that the says that the Simbox is easily customisable and clients use the toolkit to manipulate the software for their own purposes, thus cutting costs.

[john ford timmins] 02/10/2012 11:02

And a transcript

[john ford timmins] 02/10/2012 11:02

Here's the CEO talking about the company:

[thedickster] 27/9/2012 17:06

Yep, for sure, lovely jubbly

[stoney4th] 27/9/2012 16:59

i wonder which country it was from South America that wanted its entire armed forces to use the training programs? Brazil are actively seeking a larger role in international politics and seeking a permanent seat in the UN council so could be them....if so that is a big contract deal!

news released on 22/08/12 "Furthermore, and additional to the above initial contract, SimiGon's local partner will be required to purchase SIMbox Runtime licenses for the delivery of content to trainees. Revenue from the sale of such Runtime licenses is not included in this initial contract and is expected to generate significant levels of additional recurring revenues going forward."

surely this will kick off??

RAMP OVER :)

[euclid5] 27/9/2012 16:02

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


200% up already for this small cap & amazing hardly nothing written ob the boards on this like the usual O&G explorer's

[thedickster] 27/9/2012 15:48

i.e. revenue per pilot

[thedickster] 27/9/2012 15:48

An old article, but highlights the general potential


Simigon shares take off as investors focus on flight simulator's progress
22nd Sep 2011, 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 bought 100,000 Simigon shares for himself on Wednesday. As was previously announced, Simigon gained prime contractor status on the US Air Force Air Education and Training Command (AETC).

They are also sub-contractors to Lockheed Martin's F-35 Lightning II Joint Strike Fighter training programme.

"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," said Freeborn.

"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.

[thedickster] 27/9/2012 15:42

not yet i think

[stoney4th] 27/9/2012 14:44

so the new contracts with Taisr and the South American country is not reflected in the results? or is it? not quite sure on this...anyone know?

[thedickster] 27/9/2012 08:36

same here, although been buying all the way from 7p, long long long term hold, Katie Potts was in early as well, Insitutions will start to pick up the story as the market cap gets more sizeable