Simigon Share Discussion Threads

[n3tleylucas] 02/7/2013 22:08

Yeah, that's good, these are the sites we need to wade through lol

[noli] 02/7/2013 21:52

The Asian event for the Military Training and Simulation Sectors

One to keep an eye on:

[noli] 02/7/2013 21:35

Ok, cheers. Keep the Asia region in your mind it will play a big part imho in SIM's growth.

[noli] 02/7/2013 21:23

N3, heres one for your header, Military spending by country a year or so out but it shows how big the market is.

[noli] 02/7/2013 19:28

Overview of the Budget Request
The Obama Administration's FY 2013 budget requests a total of $620 billion for the
Department of Defense (DoD).2 The base budget for the Department includes $525.4
billion in discretionary funding and $6.3 billion in mandatory funding. An additional
$88.5 billion is requested for ongoing military operations, primarily in Afghanistan.
Total defense-related spending, however, includes more than the DoD budget alone. The
budget request also includes $19.4 billion in discretionary and mandatory funding for
defense-related atomic energy programs, $7.7 billion for defense-related activities in
other agencies, and $137.7 billion for veterans' benefits and services. The Treasury must
also set aside $67.2 billion to cover unfunded liabilities in the Military Retirement Trust
Fund. Together these expenses total $852 billion, or 23 percent of the total federal
budget.

[noli] 02/7/2013 19:23

Once you start looking around at the allocations for defence budgets it sure opens your eyes, ok sim only have a small part but that small part is worth billions in what sim offer. All they have to do now is win the contracts.

[diggulden] 02/7/2013 19:19

Good find Noli, gives a good idea to the size of market Simigon are pitching to.

[noli] 02/7/2013 18:50

While presenting the Annual Budget to the Parliament on February 28th, India's Finance Minister hiked the defence allocation by 5.3% to $37.4 billion to be spent during the financial year 2013-14 starting from April 1st.

[noli] 02/7/2013 17:07

Ok, further digging suggests fill your boots.lol

The key part to Sim now is that they have have moved to a prime contractor which means larger deals and higher margins.

The contract win worth 6.7 million was the largest defence contract that they have won since becomming a prime contractor. Also i am lead to believe the 6.7 million deal is only the first part so more may come rather quickly.

If sim deliver on more contracts as a prime contractor which i believe they will, they have already beat stiff competition with the above contract which includes some very large global suppliers. The future looks very good indeed.

[noli] 02/7/2013 06:32

In further email exchanges regarding the upgrade to 40p by Finncap, they are confident in the upgrade on the back of last week's announcement.

It will get very interesting if SIM bag another contract of a decent size.

[n3tleylucas] 01/7/2013 17:47

Okay, that £650,000 est was finnCap's, made on the day of the finals, but we need to see their recent upgrade made a few days ago.

[n3tleylucas] 01/7/2013 17:26

Mind you, 1.38p is £650,000 into 47m shares! lol ... so how come £430,000 got 1.23p of earnings? Any accountants out there? LOL

[noli] 01/7/2013 17:10

Well i had Columbia down but only by googling the planes etc.

Well had a reply from Lorne, a very speedy reply and quite helpful but unfortunatly he cannot forward me the note as the FCA does not allow it, and Finncap could get fined quite heavily. However he is willing to forward to my broker where i may be able to get a copy or a press article from whoever writes re journalism.

[n3tleylucas] 01/7/2013 16:56

Had a think about the South American country ... surely there's only one big enough to want to use this type of training tech? My thinking being that smaller forces wouldn't necessarily see this software as a priority.

Brazil.

[noli] 01/7/2013 16:11

I am on the case, lol

[n3tleylucas] 01/7/2013 16:09

This is the guy who did the note & covers SIM, Lorne Daniel.



lol, if anyone's got the brass neck to mail him and ask him for copy to use on here ... LOL ... worth a try noli?

[e-mail]

[dgwinterbottom] 01/7/2013 15:57

Nets - as a friend of mine in the IT world pointed out over the weekend. It is only now that PC's have had the capability to undertake sophisticated simulation. bearing that in mind the simulation world can now go from being a game - Flightsim" to having serious training possibilities and this is the market thst SIM are moving at. Hitherto going back to their earlier years of existence they may have forseen the market but PC's of the day were just not capable at that time....if you follow!!

[noli] 01/7/2013 15:45

I have been looking for the finncap broker note, nothing found yet. They are stating 40p from 25p so they must be pretty sure regarding growth this year.

N3 said about £450k prifit approx, that new contract is worth about £292k per month over 18 months. Would love to know the cost v profit on that deal.

South American Country's Entire Armed Forces must be worth a decent amount, but as no figures or contract length its diffict to give a value. This could be where finncap come in and know the numbers.


Edit, hence the increase to 40p

[n3tleylucas] 01/7/2013 15:44

Does anyone have finnCap's 2013 profit & earnings est's?