Simigon Share Discussion Threads

[ianb5004] 30/4/2014 14:53

DGW - if you are a shareholder why not email the company with your concerns that their new customers in China are likely to copy their simbox. Im sure they will put your mind at rest.

China copy man united shirts and rolex watches but would you want a tacky cheap copy on your body.

This is high end technology, protected to the max and used by the largest most sophisticated organisations in the world, USA airforce, lockheed etc etc.

[dgwinterbottom] 30/4/2014 07:25

Indeed the results are impressive, however from what I can see due to the increase in shares over the last 12 months, the eps is the same as last year which I feel will not do a lot for the pe.

The aviation market in China will indeed be considerable but I hope Simigon have been able to incorporate measures to protect the software etc as the Chinese are notorious for copying equipment and have little regard for patents etc. As a friend of mine said "doing business in China is different, not difficult, just different" as Anthony Bolton discovered!!!!!

[mach100] 29/4/2014 19:22

Nice to see it hold up today. It could easily head to 40p with sustained buying and/or some contract news. I wonder have IC or shares covered these? It might be the catalyst for the journey to 40p.

[ianb5004] 29/4/2014 16:06

The company are hinting at much larger contracts in the results summaries.

anything bigger than the last contract at 6.7m which was the last biggie will send this into orbit. Just need a little patience, it will come.

Civil aviation is a massive market, sim have a foot in the door now in china and its almost certain more will follow wih china and hopefully other countries.

[mach100] 28/4/2014 19:21

Nice set of results. Cash generative, paying a divi and no debt so a stand out company really. It may have to put more resources into China as demand fell for Europe and the Middle East. Would be nice to see another contract in China (or break into Japan if their defence force allows it). When is the 18 month contract up? This might be pivotal.
Nice rise today but wonder if it can be sustained. Delighted at catching the bottom of this at 26p which I doubt we will see again. One of those larger contracts which will take longer to negotiate presumably will send this skywards.

[ianb5004] 28/4/2014 16:49

The paragraph that caught my eye and one all should note is ....



Being prime contractor gives the Company a direct relationship with the customer, further secures us with increased visibility of long term revenues and opens up new and potentially significantly larger opportunities with customers. Positioning SimiGon in this way puts the company in the window for some of the largest simulation training contracts in the world and the Company is now targeting contracts far larger than had previously been possible.

[pilot48] 28/4/2014 16:31

It's based on 10000 shares.

[andrbea] 28/4/2014 16:11

can't be £22/share as a dividend surely?

[stoney4th] 28/4/2014 08:40

Thanks pbuz. Pretty cool! Is that once a year? Excuse my ignorance...but answer will be helpful to other rookies too.

[diggulden] 28/4/2014 08:28

I was hoping for a bit more in terms of revenue for last year, but all in all, continued solid progress being made by Simigon.

With all that cash I am still hoping for some M&A activity to strengthen the business further.

[p_buz] 28/4/2014 07:59

That would be $50 - 25% witholding tax and then an exchange rate conversion to pounds so prob about £22 with $1.65 conversion rate.

[shaunstar] 28/4/2014 07:48

Results out -

Maiden dividend annouced

[stoney4th] 28/4/2014 07:41

Cool we get dividends??!! So if I have 10,000 shares does that mean I get £50??

[mach100] 26/4/2014 15:26

Just about to post it Hastings. I think it is a very balanced article. Hopefully we can exceed the £4.7 million. Going forward it would be good to have some news on China which must be a huge market. We know already that they will report strong revenue growth and increased profitability for the second half of 2013. This must be the sixth consecutive period/half year they have achieved this. I wish they would start paying divis or say what they are doing with their growing cash pile as this would send the share price skywards.

[hastings] 26/4/2014 14:59

A few thoughts that may be of interest to others taking a look.

[pilot48] 17/4/2014 16:05

A very insightful and lucid analysis.

[pilot48] 17/4/2014 11:40

I checked the CIO website. They had a list of 20 for a different category, but they were in alphabetical order, so assume it's just 20 in general rather than ranked.

[stoney4th] 17/4/2014 07:46

Cool news, I wonder where in the top 20 Simigon ranked.

[pilot48] 10/4/2014 13:32

£94.5K trade gone through (31.5 on a 31-32 spread)...

[pilot48] 09/4/2014 11:43

Edison comment:
It's a free sign-up if you don't have an account.

Or here: hxxp://www.investing.com/analysis/simigon:-undemanding-given-growth-and-visibility-209068

[ianb5004] 29/3/2014 16:31

4. update - simigon enter a new market

SimiGon enters civil aviation market through joint venture in China

Joint venture positions SimiGon as a significant supplier of ground training systems in the world's fastest growing aviation market

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce a major expansion of SimiGon's core growth strategy with the Company's first significant contract in China utilising SimiGon's software for training civil aviation pilots.

SimiGon has entered into a joint venture agreement (the "Joint Venture") with Yantai Lan Hai Heng Chuang Zhi Neng Jiao Tong Ke Ji You Xian Gong Si, a leading aviation services company based in China, and investors led by Peter Liu, who is the General Manager of three private civilian aviation schools in China. Under the terms of the agreement, a new entity will be created to which SimiGon will provide the SIMbox licenses enabling the Joint Venture to develop its own training solutions. The value to SimiGon of the initial contract to provide these licenses is $0.75m and will contribute to improved revenue visibility for the year ended 31 December 2014.

The deal brings together SimiGon's industry leading technology with an established training services provider in China to help meet the rapidly growing demands in the Chinese civilian aviation market.

China is the fastest growing aviation marker in the world. A report by Booz & Company, the a global consulting firm, titled, General Aviation In China - Seizing Growth Opportunities, estimates that the total number of aircraft of general aviation in China will grow annually by 10-20%, and by 2015 should reach more than 2,500 aircraft and almost 6000 by 2020.

SimiGon President & CEO, Ami Vizer, said: "It has been a long term strategic goal for SimiGon to enter the civilian aviation sector and this joint venture provides us with the perfect opportunity to enter this sector in a country whose ambition matched the expected growth. Our pilot training solutions are cost-effective and an ideal fit for the demands of the Chinese market. We have entered in to this agreement because we believe the market has great potential and we are delighted to be working alongside strong and visionary partners who have a clear vision of how our technology can leverage their current and future businesses."

Peter Liu, the leader of the investors group, said: "SimiGon has a proven track record and is renowned for its simulation training solutions. We believe the Chinese market has significant appetite for proven technology solutions and we look forward to working with SimiGon's technology, offering our customers an even greater experience and improved learning environment."

[ianb5004] 29/3/2014 16:31

3.

sim - New market potential

New markets

SimiGon moved into another new market within the defence sector when it signed an agreement with TAISR, to support the Joint Close Air Support and manned/unmanned Intelligence, Surveillance and Reconnaissance community.

This agreement demonstrates that SimiGon is the partner of choice for simulated training in thedefence sector and expands the Company's reach into the ISR market, a new, fast growing and substantial sector, estimated at $9 billion in 2012 at the Performance Audit of USA Department of Defense Intelligence, Surveillance, and Reconnaissance. JCAS and ISR technology seeks to improve mission success rates and the survival potential of those who operate in extremely hostile environments.

Revenue from this initial contract was realised in 2012. SimiGon expects that this initial contract will contribute to improved revenue visibility, underpinning the company's growth expectations.

2012 saw the first full year of revenue contribution from Check-6, a company with worldwide operations and clients including industry leaders such as Chevron, Diamond Offshore and BP. SimiGon's training solutions have adapted to the oil and gas market and are performing well. The Company believes there is scope for further expansion not only with Check-6 but throughout the oil and gas sector.

A Visiongain industry report has calculated that the oil & gas virtual reality training and simulation market was worth $2.24 billion in 2011. This has strong growth potential over the next ten years from a combination of increasing demand, improving technologies, and increasing safety concerns helping simulation training technologies become more widespread.

[ianb5004] 29/3/2014 16:30

continued - 2

SIM continueD

Update on long term contracts

SimiGon has a number of long term contracts and partnerships that are all progressing well as sales continue to steadily increase.

During the first half of year 2013, SimiGon expanded its relationship with a major existing European customer with contracts worth value of US$0.6 million expected to be delivered during 2013 and 2014. The new contracts increase the integration of SimiGon's SIMbox technology at the development labs for this customer's Academic Training Center and also include licenses for a new clients' ATC. This is the fourth client that will use SimiGon's technology through its Strategic European customer. The companies have been working together since 2009 and this contract is a further expansion of an ongoing long term relationship.

Lockheed Martin is one of SimiGon's longest serving clients and the Company has been supporting Lockheed Martin's F-35 Lightning II JSF training program for over six years. As the JSF program progresses and enters its regular production and delivery phase SimiGon has continued to see an increase in demand. The JSF programme was a significant contributor to revenue in 2012 and sales have steadily grown in the first half of this year and are expected to continue for the remainder of 2013 and throughout 2014.

SimiGon continues to successfully meet all its project milestones for the UKMFTS. The three year partnership validates SimiGon's product capabilities allowing the company to showcase its product capabilities and increase probability of future sales.

SimiGon is pleased to report that all of its long term projects are progressing well with many existing clients expected to purchase further licenses over the course of 2013 and 2014. SimiGon now provides training and skill development required for survival by fighter pilots and astronauts, to oil and gas workers, preserving lives and protecting profits across the globe.

Finances
cap Previously 14m now 11.9m
Sim have cash in the bank of $8m (£5.2M) and have no debts what so ever.

Trading update in January report
The Company is pleased to report that the strong trading of the first half of the year has been maintained during the second half. The Company has continued to deliver upon its long term contracts on time and on budget, often exceeding customer expectations in both the execution of delivery and performance of its systems. The Company is particularly pleased, in June 2013, to have secured a $6.7m contract to provide, as a prime contractor, a SIMbox training solution and delivery upon this contract has progressed well.

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.

[ianb5004] 29/3/2014 16:30

SIM = SIMIGON

SimiGon (LSE: SIM) is a fast-growing company with vast experience in providing Modeling, Simulation & Training solutions to customers worldwide. The Company's partners include government and blue chip organizations as well as small businesses.

SimiGon initially focused on developing simulation and technology training solutions for the aerospace and defence market. The Company was founded by former Israeli Air Force personnel who observed an opportunity in the training market for distributed PC-based learning products. The Company solved this training gap by developing a platform that merged high resolution 3D simulation with a digital library, a learning management system and content development tools, which are all capable of being operated in a Windows environment with standard processor speeds.

The Company operates from Israel and Orlando, Florida. In addition, the Company has contact partners based globally, including in North America, Europe , Middle East and Asia Pacific.
SimiGon is altering the Modeling, Simulation & Training world landscape with SIMbox technologies.
The highly agile SIMbox platform can be used to create simulation content of any type and for any purpose. With the user friendly SIMbox Toolkit for simulation content development, SimiGon is focused on enabling non-programmers to rapidly create simulation content.

SimiGon's SIMbox simulation platform is leveraged for a multitude of domains ranging from training and simulation and air combat debriefing to homeland security and entertainment.

Management
Amos Vizer - President and CEO
Before founding SimiGon, Amos Vizer, 43, was the Marketing and Business Development Manager of ISYS Operational Management Systems, an international IT company as well as the founder of Logi-Cali, a software developer. Mr. Vizer also worked for the Missiles division of the RAFAEL Corporation and held a managerial position at Israel's Defense Ministry.
Additionally, Mr. Vizer served ten years in the Israeli Air Force (IAF) as an F-4 Phantom Fighter navigator, a flight school course commander and a Popeye missile weapons officer.
Mr. Vizer's education includes a BA in Business Administration and extensive training in advanced software development.

Major share holders
Major Shareholders
A. Vizer / A. Vizer Holding Ltd 17.65%
Jeffrey Braun 13.87%
Packet Science 13.24%
Herald Investment Management Ltd 10.60%
G.Poran Holding Ltd. 8.01%
Green Venture Capital Ltd 6.51%
Shroder Euroclear Nominees Ltd. 3.63%
S.S.D.E. Technologies (1999) Ltd. 2.47%

Contract wins/ Customers
Simigon have in 2013 had transition form sub contracting to prime contracting. Their forst prime contract win was with the Us airforce valued at 6.7m
On going contracts with a complete south american army and also an Asian Army