Simigon Share Discussion Threads

[mach100] 25/2/2014 21:30

Digg, actually they made about 23% which is disgraceful really. It is always the small pi's who get shafted. Oh well next time there is a volume spike like that it is best if we get in or out quickly.

[andrbea] 24/2/2014 13:32

a 4% rise ain't much for such a good rns

[diggulden] 24/2/2014 11:32

Yet more proof of how leaky AIM is! The sudden buying pressure was obviously caused by this news being leaked, as so often in AIM. Not complaining though, a rise is a rise!

[someuwin] 24/2/2014 11:13

Great news!

Entering civil aviation market - massive.

Entering Chinese market - massive.

[divinausa1] 24/2/2014 07:12

break into the Chinese civil market will make us a real winner....holding and buying the dips is working for me here, wont be unloading any sub 50p

[playful] 24/2/2014 07:06

Good news for us this morning.

[mach100] 21/2/2014 19:57

Thanks Ian. Looks good to me. I couldn't believe how far it had fallen, almost like it had been walked down, I am delighted it has woken up at last and the analysis above in those tips seem to suggest it is still very much undervalued even after a 10% rise today. When I bought I had little concern about further falls as there is no bell to ring out the bottom. 40p would be very nice indeed!

[ianb5004] 21/2/2014 16:27

mach , not for a few weeks.

Farraday tipped it about 6 weeks ago...

BUY SIM' "Simigon shares have fallen from their highs since the company reported a solid set of results in september. That might feel like a lifetime ago but given that the company is going great guns, we feel that the recent falls are unwarranted. Simigon is a great, very well run company, which has a fantastic product. We feel that it will grow significantly over the next couple of years and would be buying into the current weaknesses.


shares mag tipped it 3 months ago i think..

hxxp://www.sharesmagazine.co.uk/news/super-strong-simigon#.UkxBs2RP58s

Super strong SimiGon

It is hard to find fault in half-year figures from high-tech simulation training specialist SimiGon (SIM:AIM) which falls 7.2% to 35.25p. A real curmudgeon might quibble over lower margin hardware kit that's stripped gross margins from 71% to 65% year-on-year, or the 23% increase in sales and marketing costs, but even so, these are outstanding results.

The important bits are strong revenue growth, managed costs and brilliant cash generation, giving net cash $8.45 million, almost a third of the £16.6 million market value.

'Looking ahead, we have excellent revenue visibility, a strong order book in place and an encouraging pipeline of business leads, which leads us to expect that revenues for the full year will be slightly ahead of market expectations,' spells out chief executive Ami Vizer. That's about as upbeat as an investors might reasonably wish to read.

USAF SIM Box
Underpinning Vizer's optimism are several operational box ticks, not least its vital jump up as a prime contractor. This includes supplying all of the simulated training needs to the entire armed forces of one unnamed South American country, plus June's win (believed to be with a South East Asian nation) that should escalate into a vastly bigger opportunity assuming typical excellence with the initial $6.7 million rollout.

These bigger deals also explain the slightly higher weighting of lower margin kit that pulled back gross margins, something that needs to be watched but is fundamentally a positive for the future.

There's also scope to extend deeper into commercial markets thanks to its Check-6 partnership, first in oil and mining. No wonder finnCap tech analyst Lorne Daniel has upped his shares target price from 40p to 45p.

So why are the shares down, you might reasonably wonder?

Unhelpful City wags usually pitch the droll – more sellers than buyers – response, but there's more to it than that. We also need to put the shares longer-term run into perspective. They've rallied over 23% since the start of the month, 62% over the last three months and have soared 169% in 2013. Whoosh!

SIMIGON (DI) - Flexible Chart

We spotted the value early at Shares, first flagging their jet-fuelled profits potential way back in our microcaps cover feature (see page 18 of PDF) almost exactly two years ago at just 4.88p, for a near-650% profit so far, before doing so again as a Play of the Week last October (see page 8 of PDF) at 22.25p.
It would take a steely disposition for any private investor or small cap fund to resist the temptation to top-slice a bit of those sort of profits. But I wouldn't expect anyone to be giving up on the shares for the longer-term, this is far too interesting, and exciting an opportunity.

[diggulden] 21/2/2014 10:34

At last this has started to recover! Roll on 40p.

[mach100] 21/2/2014 09:47

Good timing by lan and divi!My TP has been reached in short order. What's driving the news? I know results are due but I wonder has there been a leak. Buyers are taking full price all the way up which is a good sign. I almost caught the bottom with my purchase at 26.63p. Has this had a mention in IC or shares?

[melodrama] 21/2/2014 09:24

well done the buyers! Got legs this move.

[divinausa1] 20/2/2014 22:16

checking the history for the past year the share price has had a nice climb from march thru to october the last few years. looks on again. had a top up yesterday

[playful] 20/2/2014 21:34

This seems a very good business model focusing on a specific niche in software provision, so I have purchased some shares recently...

[ianb5004] 20/2/2014 20:16

was a buyer on monday taking several 10k,s and a 20k chunk and he was back today taking a few more 10k chunks
final results are end of Q1, historically when good results are expected, and these are expected tp exceed market expectations then we get a big rush of buys in the run up.


still like to see anew contract or a renewal, well overdue one here.

[melodrama] 20/2/2014 15:43

some buying in the last day or to, which is always nice

[mach100] 06/2/2014 18:34

Had a nibble today as I think there is about 25% upside from here. I don't understand why it has fallen given the sparkling update. This is surely oversold and looks like a growing company with good visability.

[ianb5004] 14/1/2014 16:04

Directors talk - deal of the day

Directors talk -

Deal of the Day : Simigon, a flight simulation software company, rose 6.1% to 30 1/4p. The AIM listed group, which supplies technology to enable military pilots to learn to fly fighter jets, via the internet, told the city that it expects higher revenues this year and profits to jump by a fifth

[ianb5004] 13/1/2014 23:12

broker reiteration today target 45p

hxxp://sharedealing.nandp.co.uk/broker-views/SIM/SimiGon

[ianb5004] 13/1/2014 23:12

broker reiteration today target 45p

hxxp://sharedealing.nandp.co.uk/broker-views/SIM/SimiGon

[ianb5004] 13/1/2014 17:25

second paragraph could a big clue from the ceo.

As a result of the above, the Company expects to report revenue for the year ended 31 December 2013 of at least $7.9m (2012: $6.8m), slightly ahead of market expectations and representing growth of 16% over the previous year, and profits in line with market expectations, representing an increase of approximately 20% over the previous year. The Company's balance sheet remains strong, including over $8.0m in cash and cash deposits at 31 December 2013.

Furthermore, the Company has continued to enhance its prospects for securing new and further contracts in this growing market whilst its transition to becoming a prime contractor also remains on track.

[dgwinterbottom] 13/1/2014 12:13

Over on Stocko thingy, Paul reckons they are fully valued for now that one can only agree with so treading water is very likely until new announcement financial and orders are announced.

[shaunstar] 13/1/2014 08:19

Not bad , i think these are going to tread water for a while. I'm holding on the anticipation of future contract awards/updates. I think a decent sized contract RNS will send these much higher given the resulting +ve impact to the bottom line.

[diggulden] 13/1/2014 08:09

Good steady trading update with revenue as expected above market consensus. That is what I like about Simigon, they simply deliver on what they say.

Cash position strong as normal, happy to hold.

[ianb5004] 09/1/2014 12:50

prospects for final results?

Secured access to a major new geographical region by winning a significant contract worth $6.7 million, further establishing SimiGon's position as a prime contractor in the aviation training market

· Secured a further contract with an existing major European partner to provide Simulation Based Training ("SBT") solutions for a new clients' Academic Training Center ("ATC")

· Secured additional contract from the U.S. Air Force Air Education Training Command ("AETC") to support and maintain all of the T-6A Modular Training Devices ("MTD") used in the training of all Remote Piloted Aircraft ("RPA") students

· Successful delivery of SIMbox technology simulation training solutions to a South American country's armed forces, as announced in August 2012

· Entered the sixth year of supporting Lockheed Martin's F-35 Lightning II Joint Strike Fighter ("JSF") training program, providing long term revenue visibility to the company

· Continues to meet project milestones for the UK Military Flying Training System ("UKMFTS"), a partnership of over five years

· Partnership with Check 6 progressing well as SimiGon delivered its systems ahead of schedule, exceeding client expectations and increasing the potential for further expanding the relationship

Ami Vizer, Chief Executive Officer of SimiGon, stated: "We are delighted to report a further six months of excellent operational progress, continued revenue growth and increased profits. We continue to execute on our long term strategy and achieve our targets evidenced by the successful transition to become a major prime contractor, enhancing SimiGon's reputation as a market leader and company of choice for the world's largest simulation training programmes.

"Looking ahead, we have excellent revenue visibility, a strong order book in place and an encouraging pipeline of business leads, which leads us to expect that revenues for the full year will be slightly ahead of market expectations.

"We are delighted with the ongoing success of SimiGon and are confident that this will continue in the second half of 2013 and beyond."

Awarded a $5.6 million, five-year contract from Check-6, SimiGon's first major contract outside the aerospace and defence industry

· Moved up the supply chain when selected as prime contractor by the U.S. Air Force Air Education Training Command (AETC) in $2.6 million contract

· Entered the fourth year of supporting Lockheed Martin's F-35 Lightning II Joint Strike Fighter ("JSF") training program. This project made a significant contribution to revenues in 2011 and is expected to continue to do so over the lifespan of the JSF programme

· SimiGon has been successfully meeting project milestones over the past three years for the UK Military Flying Training System ("UKMFTS")

· SimiGon is in the third year of a long-term contract to provide training simulations for a strategic European aircraft manufacturer

· Continued to deliver a complete Live, Virtual and Constructive training solution for Unmanned Aerial Vehicle training program, a leading provider in the small tactical unmanned aircraft systems

· The Company's training and simulation platform, SIMbox, was selected for its in-base driving training system by the U.S Air Force

· Significant improvement of the Company's distribution network as number of strategic partners tripled in 2011 from the number in 2010

Ami Vizer, Chief Executive Officer of SimiGon, stated: "We are pleased to announce a return to revenue growth and profit in a year of significant progress as we successfully implemented our strategic growth plan. We were able to foresee the potential market challenges, plan for it and improve our positioning and market reach.

"As a result, SimiGon has cemented its market leading position in the aerospace and defence industry while also achieving its growth plans to expand into lucrative new markets and move up the supply chain to become a prime contractor for training programmes.

[ianb5004] 09/1/2014 12:49

£28k was a buy. final results in 10/11 weeks. hope to see a big contract before then.