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% 7.50p 7.00p 8.00p 7.50p 7.50p 7.50p 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 - 4

Simigon Share Discussion Threads

Showing 1926 to 1950 of 2150 messages
Chat Pages: 86  85  84  83  82  81  80  79  78  77  76  75  Older
DateSubjectAuthorDiscuss
14/4/2017
16:12
Rhomboid, Ami Vizer, the CEO, spent the first half an hour going through the bigger picture, the vision if you like: - the likely move to more and more simulated training and the new sectors the company has or could enter into. I think that what's different this time is that virtual reality is finally gaining traction and could snowball in the years to come and Simigon will have their niche. They are a very small company, with limited resources, who are still building their customer base. As a supplier, their progress is driven by the rate of adoption of simulated training by their customers including government organisations and they are not in a position to influence how fast this goes. I think part of their progress has been overlooked; their recurring Saas revenues have grown to 57% of total revenues and as they add new resellers and existing ones extend their use of their platform, this will undoubtedly increase and they are not such a hostage to winning big contracts as they were before. As mentioned earlier they have also increased the size of their order book, so that they have much higher visibility of revenues than before but this is not being recognised. I think part of the problem is that the company being foreign based (US and Israel) are rarely in London and the lack of promotion and the bland nature of their announcements means the company is not well understood. I did say to them that more could be done to promote the company. They ought to be going to some of the investor shows or doing the occasional appearance at one of the investor evenings that different groups organise. Hope that helps
daz
14/4/2017
15:31
Which Qs are you specifically talking about Yump? Masses of stuff has been asked over the past few months.
brummy_git
14/4/2017
15:24
Did anyone ask them any of the 'awkward' questions that were raised on here previously ?
yump
14/4/2017
15:23
Many thanks Daz - yes, my gut feel too is that they wouldn't delist either.
brummy_git
14/4/2017
15:04
BG. I only met the directors for an hour, so only really first impressions. The CEO came across as earnest and conservative, rather than the flashy type often seen with AIM companies. The FD didn’t say so much but is quite young and appears to be relatively inexperienced, which might be a weakness. Re delisting. Probably the most pertinent point is that the directors hold a minority position. Ami Vizer holds 22% of the shares and even though Jeffrey Braun, who looks like a long time associate, holds 13%, that still only adds up to 35%, so they would have to persuade some of the institutions it was worth their while. As a small company, there are other advantages to being listed The scutiny that comes with a listing and having a track record I think means that customers can feel more secure with dealing with the company Acquisitions are much more easily done with a listing and a takeover were it to happen would also probably be at a higher price compared to a private company. I'd also doubt they would be doing the rounds meeting investors, if they were planning to take the company private There are no guarantees though.
daz
14/4/2017
14:35
Hi Daz Very helpful summary, what stops me putting money here is a general sense that I'm investing with no real clue as to how the controlling directors want to see the business develop as a public company. Are you aware of anything that might assuage my concerns? Thx
rhomboid
14/4/2017
14:13
Many thanks Daz – excellent write-up. By the way, what do you think of the CEO and FD? What is the likelihood of the shares ever being delisted from AIM, as a few Israeli businesses have historically done?
brummy_git
14/4/2017
13:08
I attended a company presentation yesterday and found it very useful, here's a summary. Hopefully it will be of interest. The company is transitioning to a Software as a service (Saas) model, with 57% of revenues now coming from this source and which will increase further as a percentage this year. The order book stands at $23m, spread over a number of years and this provides substantial visibility of revenues both for this year and guarantees they will be profitable this year. Simulated learning is likely to grow significantly over the next 5 years as the Y and Z generation enter employment and it becomes more and more the norm, so the market opportunity for Simigon in the medium term is substantial. Learning by doing is also the most effective way to learn. Although the company has traditionally focused on military aviation, where there is a need to train pilots before they actually fly an aircraft, there are also other industries like oil and gas and crane operation where training for critical scenarios is vital and so there are many opportunities and they are working with resellers to expand these markets as being a small company, they don’t have the capability to do it themselves. The account receivables of $2.9m is due to the a number of factors :- the transition to the Saas model and the large contracts, a substantial amount of this has been collected since the year end. Cash flow was similarly affected and there should be an inflow this year. I came away thinking that given most of the market cap is covered by cash, there is a substantial opportunity here. Yes, the large contracts are going to be lumpy and unpredictable but the forecasts are conservative and don’t make allowance for any wins over the next few years. Given also that they have a substantial order book and a high level of visible recurring revenues, there is also not much risk and so you can play the long game and if they do gain the expected traction in new markets, then the price ought to substantially higher in a few years time. Like Rivaldo, I would have bought more had the price not shot up yesterday.
daz
13/4/2017
09:59
Can people please stop buying - I wanted to top up :o))
rivaldo
11/4/2017
22:51
Hooley Are you human ? Judging by the weird style, content and nonsense in some posts, I'd swear there are rogue bots around just making random posts. The cliches don't even make sense. Is that what happens to the auto-bots used in elections - afterwards they are just discarded to run riot over the net posting surreal stuff on forums ?
yump
11/4/2017
22:36
I prefer to commit to companies that demonstrate strong management, business acumen and the ability to commercialise products generating profit growth over a sustained period. I see no evidence of that here.
the big fella
11/4/2017
22:29
Put aside cynicism and confine your assessment to the whole statement. If you do not commit, then you will never make either a loss, or a profit!
hooley
11/4/2017
18:35
Lol 😂
battlebus2
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
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