Simigon Share Discussion Threads

[rivaldo] 17/11/2017 09:45

Cheers Daz. If you don't mind, when and where was the recent presentation, and could you expand on what was said at all?

[daz] 17/11/2017 08:22

Yes, that is a monkey off the back for SIM. At a recent presentation, the company did say they had been investing in their products and that they were very confident about the long term future and urged investots to be patient.
Unfortunately they didn't say so much about the short term, so it would appear that 2017 is a time of treading water.

[rivaldo] 17/11/2017 07:19

Excellent news - $2m contract win now authorised and ready to deliver revenues including some for this year:



I particularly like this comment:

"This contract, in the maintenance training domain, is a new, lucrative vertical for SimiGon and will provide us with the experience and credentials to leverage for similar new business opportunities in other regions and other sectors."

[ohisay] 08/11/2017 12:21

Given the Company’s significant liquid cash balance of $8.14 million as at 31 December 2016, and following approval by shareholders at the Annual General Meeting on 8 September 2017, the Board intends to put in place an irrevocable, non-discretionary programme for the repurchase of its ordinary shares. The Company intends to commence the buyback programme in the near future and will make a further announcement at this time.

About time they started then at these levels...

[rivaldo] 04/9/2017 07:22

Encouraging news today re the move into civil aviation - small in financial terms, but large in importance.

Particularly as it's with the US FAA. This is another prestigious win for SIM.

I assume that "Unmanned Aircraft Systems" refers to drones. This is a high-growth area which will only get bigger and bigger:



Extract:

"SimiGon President and CEO, Ami Vizer, said: "The selection of SimiGon technology as an R&D platform by the FAA is extremely significant and points to our evolution in the training industry, from military aviation to civilian markets and civilian UAS. This underlines the strength of the SIMbox ecosystem that we have developed and its capability to support so many domains. We are excited to work directly with the FAA to support advanced UAS R&D for the US Government. This contract win in the UAS arena is significant as the FAA completed extensive due diligence in researching SIMbox as the baseline software for its advanced UAS Research Simulator. We expect this Agreement to generate further opportunities with the FAA and other Government and Civilian customers in the future."

[dgwinterbottom] 14/8/2017 09:55

Given Paul Hill now has over 3% lets hope he can galvanise the Board into improving their Investor Relations, I am hoping that given his investment he believes things are about to move in the not too distant future!

[dgwinterbottom] 08/8/2017 10:23

interesting rise today with a couple of sizeable buys - 140k

[mach100] 04/8/2017 12:31

Do ya think the company would loan us shareholders one of its simulators for the AGM? That way we could virtually fly to the AGM in America without the usual associated expense?

[gnnmartin] 04/8/2017 11:58

AGM on 8 Sept., in the USA as usual. There is the facility to attend by conference call. I doubt I will, but if anyone here does I shall be interested to read any feedback.

[rivaldo] 02/8/2017 15:35

RNS - it seems we have a new major shareholder. Paul Hill has above 3%, or 1.596m shares (so around £300,000):



I'm willing to bet it's this guy - let's hope he is indeed an "extremely shrewd stock-picker" :o))



"Paul Hill
Biography

Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an
extremely shrewd stock-picker."

[rivaldo] 31/7/2017 11:19

PJ1, with a 12p-13p per share cash pile - plus a big excess of trade receivables over payables at the last year end - the downside is almost wholly protected given that (historically anyway!) SIM has been nicely and consistently profitable.

The share price stability is therefore more a function of how it was undervalued some time ago than what's happened since.

There's a decent additional core value for the business itself, and if they can deliver a small proportion of what's being promised, without any more banana skins, then the upside remains extremely good relative to the downside.

[dgwinterbottom] 31/7/2017 10:18

It would appear its all down to Israeli AF payment for training equipment currently in process, so possibly just govt departments dragging their feet. If this comes good hopefully it should provide a better year end result than the last couple of years!

[brummy_git] 31/7/2017 10:10

Although it is always difficult to say with any certainty, I suspect even after Friday's profit warning, the stock is still significantly undervalued. But hey, that's my simple view... I'm not an expert

[pj 1] 31/7/2017 09:58

At 2016 HY Results in September the share price closed at 20.5p.

2 Profit warnings later and the share price is at 19.5p. It's quite incredible how it has held up.

[hastings] 31/7/2017 09:53

Speaking with CEO again tomorrow.Pleased with that quick response given last week's news.

[brummy_git] 28/7/2017 08:02

finncap redraws their forecasts and price target after "very disappointing H1 trading update"

[hastings] 28/7/2017 07:55

Yes hardly good and just a touch miffed after speaking with them as recently as last month but hey ho not a big position so concur with rivaldo.

[daz] 28/7/2017 07:48

Yes, it would also seem that the move into commercial markets is not going as well as planned either, they still seem to be dependent on the big contracts.

[battlebus2] 28/7/2017 07:36

Not surprised by this mornings (Friday) news. Lots to look forward too but like I've said before these continuing contract issues make these uninvestable. Better stocks out there IMV but GLAH.

[rivaldo] 28/7/2017 07:29

So...medium/long-term looks great. Short-term...not so great:



The $8m+ cash pile alone equates to 12p-13p of cash per share. But I suppose we can expect a sizeable initial markdown given the H1 loss and the uncertainty re H2.

If SIM come through in H2 with the contracts mentioned etc then this will be an opportunity, Until then it's a waiting game for patient investors....

[daz] 26/7/2017 11:19

DGW - the same point was made by the brokers and others at the meeting I attended earlier in the year, so I would hope that something is arranged around the time of the interims.
The directors are out of the country for most of the time, so it isn't easy but they ought to be able to spare a couple of days in the year to update shareholders.

[rivaldo] 26/7/2017 10:01

Great interview Hastings, thanks. If the market latches on to the expansion into e-learning and SIM announce one or two successes in this area then we could well be on a big winner, particularly given that:

(1) cash comprises 60% of the m/cap
(2) the company is already nicely profitable
(3) it has high recurring income

Their ambitions are certainly big:

"Although across the military, simulation learning has been established and widely adopted for some years, there has been less in the way of offerings to specific commercial markets such as driving aids, support for operating or working with machinery like cranes, oil and gas related, or even for those working in the extensive health sector, not to mention that vast civil aviation sector."

[dgwinterbottom] 26/7/2017 08:07

Indeed Hastings my thanks also, I just find it rather frustrating the CEO is nowhere near as communicative with his shareholders!!

[daz] 25/7/2017 22:14

Thanks for posting that Hastings, the new 'solution' is news to me and if it is targeting an exponential market, is certainly in the price for nothing.
The forecasts could be light anyway, if the company is gaining traction in commercial markets.