Share Name Share Symbol Market Type Share ISIN Share Description
Simigon Ltd. LSE:SIM London Ordinary Share IL0010991185 ORD ILS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 9.25p 9.00p 9.50p 9.25p 9.25p 9.25p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 3.9 -0.6 -1.6 - 5.00

Simigon Share Discussion Threads

Showing 1901 to 1923 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
11/4/2017
18:07
'Successful' investment analyst specializing in Israeli Aim may strain the norms of credibility :-) Only teasing honest!
cockerhoop
11/4/2017
18:05
ADGO is a bottom pickers punt. Same old. Float on AIM, watch the punters get mugged, then the bottom pickers start pretending its 'got something'.
yump
11/4/2017
17:36
Hooley- shouldn't you really have stated that you were a 'successful' investment analyst?
pj 1
11/4/2017
17:32
Hooley, Any particular reason you extol the virtues of the paying of a dividend (incidentally SIM have reduced theirs by 75% with $8m cash) and carrying out a share buyback and then recommend a company that does neither?
cockerhoop
11/4/2017
17:09
Have held this one for 6 months and added periodically. Careful reading of statement is very encouraging. Payment of a dividend - and buyback - are the best signals I know. I was an investment analyst for over 30 years. Have a look at Adgorithms - still plenty to go for.
hooley
11/4/2017
10:46
Has anyone thought of emailing the cfo and asking for some answers to questions?
dgwinterbottom
11/4/2017
10:27
It's been the same here for results after results so I'm wary that will change Rivaldo. You've got to give companies reasonable time but these guys are not investable imv.
battlebus2
11/4/2017
10:15
Yes, but they've reduced the dividend by approx $230,000. This is a company pretty intent on keeping the cash pile for itself imo.
cockerhoop
11/4/2017
10:11
Around 66% of the shares are held by the top 7 shareholders. That leaves only around £2.9m of shares in free float. And it's usually only possible to buy 20k-30k of shares at a time at most. So $200k is more than enough. If SIM actually succeed in buying back $200k of shares they will probably drive the price up very nicely indeed! Either that, or they'll find one or two larger holders to buy out completely and thereby reduce any overhang.
rivaldo
11/4/2017
09:56
They flag up a share buyback to soften the reaction to the earlier profit warning and then allocate $200k out of an alleged cash pile of $8.14m.........hmmm
cockerhoop
11/4/2017
09:39
For what this is worth, I have generally found that companies with high expenditure on R&D eventually produce rich rewards although, of course, there are many instances when this proves to be money wasted. SIM spent about 25% of sales on R&D in 2016. Let us hope this proves well spent.
varies
11/4/2017
08:40
Results are out and are bang in line with reduced forecasts: Http://www.investegate.co.uk/simigon-limited--sim-/rns/final-results/201704110700141205C/ The £8.7m m/cap at 17p (51.4m shares) plays $8.14m of cash and $2.92m receiveables too - of which I note over $1m has been collected since the year end. The share price might stagnate for a while until SIM can prove that the forecasts for this year (2017) are realistic, say in the H1 trading update or results - unless there's contract news in the meantime. The outlook statement continues to emphasise the lower short term revenues from the high value long term license contracts, so caution regarding those forecasts may be appropriate. Nevertheless, there are a number of reasons to be rather positive about SIM's future in the narrative, and it still looks a very interesting company to me. I'm happy to hold for the medium/long-term with hopefully the capacity for upside surprises/contract news flow.
rivaldo
11/4/2017
08:37
Is $200k really the extent of the buyback?
2niffy
21/2/2017
15:39
Completely agree Rivaldo optimistic realism is a decent axiom for life but that shouldn't mean ignoring potential issues. The high level of receivables coupled with the auditor having reservations about revenue recognition shouldn't be brushed under the carpet - the $6.7m contract has not gone at all well. There's got to be serious technical issues for it to have taken this long, I don't buy the additional extras line as the whole truth. Put yourself in the customers shoes - he had a training requirement for the beginning of 2015, how has that requirement been met for the last 2 years and at what additional expense? I wouldn't be quite so concerned about the Israeli contract needing to get signed off,at least they won't have invested too much resource into it. There's not too many companies i'm negative about but I do believe that a company with aggressive accountancy practices doesn't limit suspect practices solely in the accounts. Interesting that there are jobs available, maybe they learnt their lesson from the headcount reduction of 2015. Anyway good luck with your investment and i'm genuinely in awe at your company specific news trawling ability which I've found helpful for a number of investments.
cockerhoop
21/2/2017
15:34
Life and investing are totally different. The market is full of the casualties of optimism.
yump
21/2/2017
12:16
Well I'm fully out now on the back of the resilience. Hope you guys do OK. For me, once trust has been broken, holding to see what happens isn't an option.
yump
21/2/2017
12:04
That's certainly true PJ1, the balance sheet has certainly helped along with the promise of a buyback.
cockerhoop
21/2/2017
11:11
I certainly wish all my Profit Warnings reacted the same way as SIM has!!
pj 1
21/2/2017
09:43
Rivaldo, I do admire your optimism. Yes they have won large contracts for their size but they appear inept at completing them. This $6.7m contract is the 1st where they are prime contractor AIUI and a 18month contract has so far taken 44months with the hope that it'll be completed in the next 12. The revenue may be recognised in 2017 but I'd be amazed if there's any profit on the contract with all the overruns and not paid for extras. As regards to follow up work would you put further business with a company that's missed deadline to such an extent? In the midst of winning the largest contract in the companies history they were busy laying off staff in all departments, the current delays does make you wonder if the talent left the building then. As an aside - do you have an idea of staff numbers I've never scene the figures disclosed in the AR but may have missed it. I'll be very interested to see the extent of the share buyback.
cockerhoop
20/2/2017
14:08
Back from hols, so pleasing to see the share price has performed extremely well given the disappointing contract delay and additional costs. SIM are a microcap who've (for their size) won extremely large government contracts. We all know what can go wrong with such contracts. so delays and spec changes are hardly a surprise, but to a company of SIM's size the effects are highly material. The saving grace from a shareholder POV is of course the cash pile of more than $8m, plus other assets, which nicely supports the current £10m m/cap. Even with this setback SIM will still be profitable for last year with "at least" $0.3m PBT. Finncap have retained their 45p target price. For this year Finncap now forecast 3c EPS, i.e 2.4p EPS, based on $1.6m PBT. Given the contract revenues now deferred into 2017 this looks highly achievable. There will also be 0.7c dividends each year. It's also good to see the intended share buyback programme. The timing of this will be interesting - I don't think SIM currently have permission for such buybacks, so they'd have to wait until the next AGM or hold an EGM to introduce it.
rivaldo
17/2/2017
14:08
DGW I think others may have imagined they can see the true value. Problem is, like many companies that seem unable to be clear in what they say, probably nobody will know whether, when, or if that value has arrived, may arrive, or appears to have arrived. For me its a case of plenty more fish in the sea and a small loss is a small price to pay for preserving capital where I now cannot for the life of me assess the risk to it.
yump
17/2/2017
09:23
Seems to be a very illiquid share
brummy_git
17/2/2017
09:06
Could it be that others have perhaps seen the true value here?
dgwinterbottom
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
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