Simigon Share Discussion Threads

[galacticus] 12/6/2013 19:52

Well looks like 26/27p on route before draw bk without news on techs and with a plan to gain bigger contracts and a mass growth sector i suspect that beautiful two year strong uptrend graph will continue as this year moves on and developments come out via RNS . The bod speaks with owning such a high % and with so few shares such high prospects and such low chances of dilution this is a strong buy and hold imo .

[ianb5004] 12/6/2013 10:34

Sim about to break out. Check out the prelim results from April.

100% share price growth in 12 months.



Financial Highlights
Revenues increased by 24% to $6.81 million (2011: $5.48 million)
Net profit increased by 97% to $0.69 million (2011: $0.35 million)
Gross margin of 80% (2011: 85%)
Increased positive cash flow from operations by 9% to $2.5 million (2011: $2.3 million)
ignificant increase in cash and cash equivalents and short term bank deposits at the year end at $7.11 million (31 December 2011: $4.74 million) and the Company has no debt

[melodrama] 12/6/2013 09:05

You sound like Dracula ;-)

[juju44] 12/6/2013 08:57

yep, i like it quiet while i am building my stake

[juju44] 12/6/2013 08:53

things starting to look perky and without news

[melodrama] 12/6/2013 08:27

Some action today, well , not on JUJU's scale...................yet!

[melodrama] 25/5/2013 09:54

Try Trading Forex, binge on Coke and over leverage yourself, ! These are long term m8

[juju45] 25/5/2013 09:50

excitement around here is in short supply

[melodrama] 19/5/2013 15:48

An old article, but highlights the general potential. Revenue per pilot probably not factored into any PEG DGW? see below


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.

[dgwinterbottom] 15/5/2013 13:36

Not necessarely - I feel they are slightly overpriced specially when you consider the foward PEG, and Price / Sales ratio!!

[juju44] 15/5/2013 12:23

paint drying comes to mind. This should be going up with general market

[juju44] 30/4/2013 11:38

next leg up underway

[melodrama] 30/4/2013 11:06

Looks like selective patient Institutional Buying in the last day or so, steady as she goes, impossible to buy in large quantities, so i guess the likes of Katie Potts have to nibble gently.

[dgwinterbottom] 24/4/2013 10:40

Regular selling today and yesterday, quite surprising given the results I feel!

[morigam] 23/4/2013 09:46

SimiGon's CEO Amos Vizer talks about another year of revenue growth and increased profits in their prelim results

[juju44] 23/4/2013 09:15

would ne nicer to see a lot more today

[dgwinterbottom] 23/4/2013 08:48

Nice to see a good number of buy trades yesterday!!!

[energeticbacker] 22/4/2013 15:13

Ss budget constraints continue to bite, there will surely be increasing demand for simulator software. Once the cost saving benefits of these training applications have been realised, the growth potential for software companies will be massive.
New commentary

[29palms] 22/4/2013 14:51

Looking good and very good write up in today's Express


DYOR
29palms

[juju44] 22/4/2013 09:22

excellent results in hard times - should be more mileage in share price short term

[dgwinterbottom] 22/4/2013 08:17

Results announced:

[poombear] 22/4/2013 08:17

Good set of results, loads of cash also.
Will we see the next step up in SP?

[dgwinterbottom] 18/4/2013 11:11

Contract extension announced today:

[juju44] 18/4/2013 08:19

the excitement is killing