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% 9.75p 9.50p 10.00p 9.75p 9.75p 9.75p 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

Simigon Share Discussion Threads

Showing 1951 to 1975 of 2075 messages
Chat Pages: 83  82  81  80  79  78  77  76  75  74  73  72  Older
DateSubjectAuthorDiscuss
05/7/2017
08:26
Agree with the above, hopefully set for some nice upside over the coming years.
hastings
05/7/2017
08:12
Yes, excellent news and hopefully now SIM are in pole position to provide any add-ons needed in the future.
daz
05/7/2017
07:36
Rivaldo - I have a feeling this has been a real millstone round the neck for the last two years both operationally and financially so lest hope things will now start to improve and true progress be made.
dgwinterbottom
05/7/2017
07:14
Excellent news this morning - great to see SIM finally completing this major $6.7m contract without any residual issues: Extracts: "SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has successfully completed all systems delivery milestones and received the requisite client confirmations in relation to the $6.7 million contract announced on 24 June 2013 (the "Programme")." "SimiGon President & CEO, Ami Vizer, said: "We are pleased to announce the successful completion of all systems delivery milestones. The experience and know-how obtained during the delivery of this Programme will be leveraged to further new business opportunities for SimiGon and our partners within the SIMbox ecosystem. We are proud to be part of this major Programme as a prime contractor, marking a significant milestone in SimiGon's strategic aim to lead more opportunities as prime. We are looking forward to extending this solution and concept to meet other training needs worldwide."
rivaldo
14/6/2017
14:06
Rivaldo - quite agree I felt the figures appeared to be somewhat ambitious, but would go along with your point in being conservative and beating the forecast.
dgwinterbottom
14/6/2017
11:30
DGW, I think in this kind of recovery situation EPS forecasts are pretty academic finger-in-the-air guesswork. I would rather the house analyst was more conservative, going for say 1.5p EPS this year and 2p next year. Better to be conservative and beat than racy and underperform! SIM would still be cheap imo if they achieved my forecasts rather than the market forecasts. And they still have blue sky potential outside of their currently core sectors.
rivaldo
14/6/2017
10:06
Rivaldo - the eps for 2016 was 0.74p, forecast for 2017 is 2.47p and for 2018 2.63p. This would indicate significant improvement. I can only wonder at how they got themselves into such a situation on that contract.
dgwinterbottom
14/6/2017
09:58
Hi DGW, agreed re the completion of the contract. This and next year's results will hopefully be decent at worst, and potentially pretty good, given the contract delays which moved revenues into this and next year and should nicely help the transition of revenues to long-term, recurring/SaaS revenues from lumpier revenue streams. SIM had around £8.7m of cash/receivables at the year end against the current £10m m/cap, so the downside is well protected. Hopefully the June interims will bring good news.
rivaldo
13/6/2017
08:45
Some sizeable buys these last few days........
dgwinterbottom
25/5/2017
10:48
Rivaldo - do you share my thoughts that the S American contract going back to 2015 may have been a millstone round their neck and once they have finished things may start to improve?
dgwinterbottom
11/5/2017
15:15
....and a further 100k buy and a 46k buy in the last couple of days (the 93,240 buy on 2/5 was reversed on 4/5).
rivaldo
03/5/2017
08:31
...and another interesting buy this morning, this time 135,510 shares at 21p.
rivaldo
02/5/2017
12:30
Interesting buy just reported of 93,240 shares at 21.45p.
rivaldo
22/4/2017
18:38
Daz - .....and hopefully completion of the South American Military Contract that seems to have been a millstone over the last couple of years!!!!
dgwinterbottom
22/4/2017
12:14
Good to see some interest. The contract with the Israeli air force will hopefully be signed in the next month or two, so maybe some positioning ahead of that.
daz
21/4/2017
15:21
Unusually busy today by SIM's standards with 320,000 shares traded.
rivaldo
21/4/2017
10:48
A 79k buy at 22p has caused today's 9% rise....
rivaldo
18/4/2017
09:19
FYI from Finncap's note last week - they say Buy with a 45p target. They go for 3.1c EPS this year, rising to 3.3c EPS next year, with a 0.7c dividend each year: "Clearer skies ahead The FY 2016 results are in linewith expectations which were downgraded in February. Affected by delays to a large Israeli Air Force contract which could not be recognised in the period, revenue was down 13% YoY to $6.0m. With the high gearing in the business model, this meant earnings fell 80% YoY to $0.4m. More positively, cash owed at the end of 2015 was received in the year to deliver $1.0m of FCF, and after the $0.3m dividend distribution, this lifted net cash from $7.4m to $8.1m at the year end. This year’s declared dividend is lower ($0.1m or 19% of earnings); however, there will be a $0.2m share buyback to make up the distribution to shareholders to previous levels. Away from the revenue recognition issue, underlying business remains profitable and performing well, in terms of new business wins and pipeline, as well as building a base of recurring revenue. Organic growth strategy is focused on winning new strategic customers, and growing engagement within the existing base. SimiGon is delivering on all major contracts and increasing its market visibility while seeking new opportunities as both a prime contractor and strategic partner. New markets: Progress is being made in both civil-aviation and industry, and although mass-market adoption is at an early stage, the company is ideally positioned to gain traction in it, given its blue-chip client base, strong IP and wealth of experience with the technology. The large $6.7m prime contract won in 2013 continued during 2016 although on a slowed by supplementary client requests outside of the original contract. The company has been meeting these demands with a view to follow-on work and the contract is finally due for completion in H1 2017 and we anticipate news on any subsequent opportunities thereafter."
rivaldo
17/4/2017
13:40
Daz - Thanks again for that, even more puzzling that such a presentation was not open to the general public, a good opportunity that would have been lost but for you giving us the benefit of your visit. If one accepts the CEO & CFO are non uk based, is not the Chairman? In that case as a former Director of both LTG plc and Jarvis he would now how important Shareholder relations are and at least he could bang the drum somewhat!!
dgwinterbottom
17/4/2017
11:31
DGW - Yes, a presentation in London but not open to the general public, I only got invited because I knew someone. It's not good enough, I did say to them they need to promote themselves better to private investors. Although they are not often in London, with a bit of organisation, they ought to be able to manage 1 or 2 a year, if they give it priority and I think SIM is one of those companies whose rating could benefit. Yump. Re the order book not being mentioned in the finals, I agree totally, I can't think why they didn't say anything as it's very relevant to valuing the company. They have the far East contract announced on May 3 2016, which runs for 5.5 years, so say 4.5 years left and a 5 year contract with the US Air Force announced on May 5 2015, so 3 years left to run. These are the longest I could find, so to be conservative, if the average contract is 4 years, then the annual run rate comes to around $6m and that would be consistent with Saas revenues approaching 80% of current revenues, a figure mentioned in the presentation. BB - fair point. It would be nice to think that the Jun 2013 contract is the only problematic one, the contract with the US Air Force is a continuation and so I think less risk but there isn't enough information to evaluate the others. The flip side of the Jun 2013 contract, is now that they are near the end, they are in a good position to win work in the subsequent phases, as they have said a few times and hopefully they will have a clearer idea of what they're taking on, so the mess isn't repeated.
daz
17/4/2017
09:57
It's not just so simple as to state the size of the order book give what's happened with the previous contracts and the unknown costs associated. My last post also, hope it works out for all holders...
battlebus2
17/4/2017
08:58
Well this is my last comment and its nothing to do with SIM being small, or on AIM or foreign. "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." So my question is this: Why has it taken someone to report from a presentation, to find out the order book size ? Either I am not reading carefully enough, but there is no mention of order book at all in the finals. Aren't the RNS's supposed to give key information to investors ? Please nobody say that you should go to AGM's and presentations to do 'proper' research. I guess you could probably have a go at adding it all up from the contract announcements. Also, really the order book size doensn't say much without the other bit of information, which is how many years is that for ? Without that, what can be concluded ? Its just a question of being specific and in my book there have been several red (or perhaps pink) flags in that area. Good luck anyway. That is my last contribution. Honestly.
yump
17/4/2017
08:27
Indeed Daz, my thanks also for taking the time and trouble to give us the benefit of what was said especially as under normal circumstances it is so difficult to get any details of progress from within the Company, was this a presentation in the UK?
dgwinterbottom
17/4/2017
08:24
Daz, many thanks for your excellent post 473 re the company presentation and for the subsequent additional posts. I hadn't appreciated the extent of the powerful transition to the SaaS model which has already taken place, and which I'm glad to see.
rivaldo
16/4/2017
16:49
Looking at my Sharescope data page in terms of past and future, one sees: 2015 2016 2017(e) Turnover £m 4.539 4.458 6.175 Pre Tax Pft £M 1.07 0.22 1.28 Norm eps (p) 2.62 0.74 2.41 Certainly a marked improvement in Turnover which if achieved will be the highest on record with similar marked improvements on Pre tax profit and eps. Its almost as if the "significant contract" for the S.American country being supplied since 2015 has proved to be somewhat of a millstone. No wonder they will be glad to see it completed.
dgwinterbottom
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