Simigon Share Discussion Threads

[battlebus2] 03/1/2015 00:42

At least you got one thing right football, like your numbers the share price here will also increase.

[football] 03/1/2015 00:34

next?

easy one

[battlebus2] 03/1/2015 00:30

I also have bought a few and will add more, likewise at 23p these are very cheap imv.

[battlebus2] 03/1/2015 00:30

Thought we needed a new thread after GHF highlighted these on the old one with his permission i have copied over his post.


Shares are back down to shareprice levels last observed in May 2013.

Look an excellent risk/reward opportunity at the current price.

Market Cap:- £10.6m
(@21.5p x 49,502,000 shares in issue)
Net Cash:- $9.7m (£6.3m at current exchange rate) - 30.06.14

or 60% of shareprice covered by cash.

Enterprise Value only £4.3m!!!

* H1 2014 - Growing revenues & Margins (H1 was 7th consecutive period of profit & revenue growth)
* Gross margin increased to 73%
* Maiden Dividend & at current shareprice looking at c.2% dividend yield
* 2014 estimates for 2.3 cent EPS (1.5P) = PER 14 (excluding £6.3m net cash on balance sheet)
* 2015 estimates of 10% earnings growth and 2.5 cents (1.6p) = PER 13

However, interims spoke of a strong order book, excellent revenue visibility and confidence in delivery. Coupled with good cash conversion and improving margins then the 25% fall in the shareprice over the last 3 months would appear to be a reflection of negligible newsflow from the company since H1 announcement. Many of the small caps that came under pressure during the indiscriminate sell off in October 2014 have recovered...but SIM still appears marooned.

Hopefully a reassuring trading update will be forthcoming in mid-January 2015, similar to last year, that will confirm that trading robust and confirm the apparent undervaluation.

Needless to say I've taken a position here with such strong cash backing & such a positive outlook.
GHF
Twitter: @glasshalfull1

[battlebus2] 03/1/2015 00:29

>CHARTS



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 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.

[glasshalfull] 02/1/2015 16:26

Shares are back down to shareprice levels last observed in May 2013.

Look an excellent risk/reward opportunity at the current price.

Market Cap:- £10.6m
(@21.5p x 49,502,000 shares in issue)
Net Cash:- $9.7m (£6.3m at current exchange rate) - 30.06.14

or 60% of shareprice covered by cash.

Enterprise Value only £4.3m!!!

* H1 2014 - Growing revenues & Margins (H1 was 7th consecutive period of profit & revenue growth)
* Gross margin increased to 73%
* Maiden Dividend & at current shareprice looking at c.2% dividend yield
* 2014 estimates for 2.3 cent EPS (1.5P) = PER 14 (excluding £6.3m net cash on balance sheet)
* 2015 estimates of 10% earnings growth and 2.5 cents (1.6p) = PER 13

However, interims spoke of a strong order book, excellent revenue visibility and confidence in delivery. Coupled with good cash conversion and improving margins then the 25% fall in the shareprice over the last 3 months would appear to be a reflection of negligible newsflow from the company since H1 announcement. Many of the small caps that came under pressure during the indiscriminate sell off in October 2014 have recovered...but SIM still appears marooned.

Hopefully a reassuring trading update will be forthcoming in mid-January 2015, similar to last year, that will confirm that trading robust and confirm the apparent undervaluation.

Needless to say I've taken a position here with such strong cash backing & such a positive outlook.

Kind regards,
GHF
Twitter: @glasshalfull1

[dgwinterbottom] 16/9/2014 15:05

I think one of the problems here may be reluctance by many PI's to invest in a foreign company, in this case Israel. As many might ask why does an Israeli Co come all the way to London to list??????

The counter to that in this case is the respectable business, management have a fair lump of skin in the game and a sizeable holding (Herald Inv Mngt)by a significant fund manager!!!

[oldnotbold] 16/9/2014 10:07

When a stock falls on a good earnings report, you have to wonder what you're missing? What is the bear case with Simigon?

(I'm signed up to the bull case already: fantastic moat through their technology; cast-iron balance sheet with 44% of market cap in cash; decent ROCE; management does what they say; clear growth strategy. But you don't get rich from blocking your ears to the negatives, I just don't understand what they are?)

You help/thoughts much appreciated as ever.

ONB

[dgwinterbottom] 16/9/2014 08:23

Good point greasynut! What do you believe is required to start an upward move?

[greasynut] 15/9/2014 22:07

H1 results today & a notable price drop, presumably on lacklustre revenue growth.

However, as the price drops and the eps increases it is looking pretty good value to me on a ttm PE of 15.6. Adjust for cash and that gets down to around 10.

I am happy to top up at these levels.

[dgwinterbottom] 03/9/2014 07:51

Clutching at straws to try and keep shareholder interest by the look of things especially as it does not affect financial results at year end.

[dgwinterbottom] 21/8/2014 07:38

I think we are in for a long wait before there is any further rise above current levels!

[melodrama] 11/6/2014 16:09

and some lol

[melodrama] 11/6/2014 15:39

Someone likes us! 129 k just bought

[ianb5004] 30/4/2014 21:45

you seem mindful of a lot of cliches. lol

last of the options done with now. about 4% more shares will be in free float in a weeks time, might not be a bad thing with such a small free float here.

expecting a big contract soon. good luck those still holding. A great long term hold IMO. buy and put them away.

[dgwinterbottom] 30/4/2014 19:08

Ianb5004 - Of course they will say it is protected etc, but if the Chinese choose to copy it they are not going to broadcast the fact!!!!

I am mindful of the observation a close friend made whilst spending 12 years living & working in the Far East "In the world of business the Chinese make the Jews look like new born lambs"

[ianb5004] 30/4/2014 14:55

lets see where we are when they secure one of the much larger contracts they are targeting.....

they are coming for sure.