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% 9.00p 8.00p 10.00p 9.00p 9.00p 9.00p 3,000 01:00:00
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 2051 to 2071 of 2125 messages
Chat Pages: 85  84  83  82  81  80  79  78  77  76  75  74  Older
DateSubjectAuthorDiscuss
18/4/2019
09:45
Good to see institutions like Herald and Axxion on the shareholder list of this microcap, along with the CEO holding 22%: Major Shareholders A. Vizer / A. Vizer Holding Ltd 22.11% Jeffrey Braun 12.73% Herald Investment Management Ltd 9.83% Axxion S.A. 6.81% Green Venture Capital Ltd 5.97% Guy Poran 4.42% Shroder Euroclear Nominees Ltd 3.33%
rivaldo
18/4/2019
09:18
will continue to rise
inv
18/4/2019
09:18
I think Ami's previous behaviour suggests that shareholders will never benefit from the cash pile so should be discounted from any valuation calculations imo. It's the ultimate lifestyle business, Ami picks up his $500k each year along with a couple of % of the company stock in options. Easymoney!
cockerhoop
18/4/2019
09:08
Small cap great news today 40p easy in 2019.
blueball
18/4/2019
09:06
I suspect the price reaction is largely a function of SIM being undervalued previously - the m/cap was less than the cash pile (and even now is still not much above it). It's an RNS Reach as there's no specific financial information to validate the tests for a full RNS. An RNS Reach announcement is simply non-regulatory in that sense, but still significant enough to announce. It's a framework agreement which acts as excellent validation for the company. And for a £7m m/cap company with $5m revenues last year and a £5m-£6m cash pile, even just $1m per annum additional revenues would go a long way :o))
rivaldo
18/4/2019
08:48
Agreed - rise seems overdone for just being added to a preferred suppliers list.....
pilkersa
18/4/2019
08:44
So they've signed up to a framework agreement for potential future business that totals $24m per year spread amongst the likes of IBM, Microsoft, Oracle & Adobe. Doesn't seem all that significant to me. Released as an RNS Reach so not price sensitive - slightly bizarre share price reaction imo. Might allow Ami to snaffle another few % of the company in a bonus though :-)
cockerhoop
18/4/2019
07:33
Well well - this sounds encouraging..... Https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-signs-bpa-with-the-us-dod/201904180700085573W/ "SimiGon signs Blanket Purchase Agreement with the US Department of Defense SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that SimiGon has signed a Blanket Purchase Agreement ("BPA") with the U.S. Department of Defense ("DoD") Enterprise Software Initiative ("ESI"). Under the BPA, SimiGon and the DoD ESI have established agreed pricing and processes for government customers to purchase the Company's products and services. ESI is an official DoD initiative sponsored by the DoD Chief Information Officer to both establish and manage enterprise commercial off-the-shelf IT agreements, assets, and policies. DoD ESI lowers the total cost of ownership across the DoD, Coast Guard and Intelligence Communities for commercial software, IT hardware, and services. The DoD ESI provides an effective method for approved software publishers, hardware vendors and service providers to streamline sales to the DoD ESI customers. The total potential sales amount for all selected vendors under this BPA is approximately $238.6 million over a period of 10 years commencing 1 April 2019. SimiGon President and CEO, Ami Vizer, said: "We are delighted to join DoD ESI under this BPA. Through signing the BPA, SimiGon joins blue chip technology companies such as IBM, Microsoft, Oracle and Adobe as an official DoD ESI BPA contract holder. The BPA is another validation of SimiGon's technology, software products and business model as a viable solution for Federal agencies seeking advanced training and simulation solutions for multiple domains."
rivaldo
15/2/2019
14:12
Looks like some stale holders got out yesterday, taking advantage of some liquidity/demand. Anyway, for the record here's Finncap's update: "Update and contract wins SimiGon, the global provider of simulation training solutions, has updated the market on FY 2018; expecting to report revenue up 15% to c.$5m (2017: $4.3m) and a reduced adj. net loss of $0.7m (2017: $0.9m loss). As noted in the interims, the loss is partly due to a provision of $0.5m against a delayed payment from a civilian training customer. In operational terms the year was successful; SimiGon hit milestones on its strategic contracts including the IAF F-16 Maintenance Trainer program, logistics support on the USAF T-6A program and extending the UK Military Flight Training System program. Looking ahead there is further positive news as SimiGon strengthens its relationship with an existing European customer through multiple new contracts totalling $0.9m over three years including licences, maintenance and support services for its simulation training centres. Our forecasts and TP remain under review until there is greater visibility.  Strategic focus: This has been a quiet couple of years for the company. In that time, the management has nevertheless focused on three key operational areas:  Delivering ‘Distributed Learning Solutions’ to core strategic partners worldwide, both directly and through its partners, now has training sites in North America, Europe, Middle East and in the Asia Pacific markets.  Expanding market reach, to see utilisation of SIMbox technology in multiple domains such as maintenance training, commercial equipment operator training and research labs.  Strengthening the technology, improving SIMbox capability; the graphics engine; simulation and learning management system; delivering complete VR solutions.  Positive outlook: We are encouraged that SimiGon thus entered FY 2019 with more clients, more partners, stronger technology and broader adoption of SIMbox in multiple domains. This is a solid platform for growth and management expects to improve both revenue and profitability this year.  Strong cash position: The company remains well funded with c.$7m of cash at the interim point and significant receivables to be collected in H2."
rivaldo
14/2/2019
09:40
Finally some positive signs in today's trading update - and an $850k contract win too. The loss for 2018 was much improved at around £0.2m, before the provision for the "delayed" receipt which may yet be received anyway. Which means that SIM actually were at breakeven for H2'18. SIM had $7m cash at June'18, so hopefully this has remained stable against the £6m m/cap. The potential here in VR, training etc is obvious, especially given the blue chip client list, but management have to actually show they can deliver. Perhaps 2019, with the transition to SaaS almost complete, will be a year of delivery in this respect. SIM are certainly pretty optimistic: "SimiGon has entered 2019 with more clients, more partners, stronger technology and much broader utilization of our SIMbox technology in multiple domains compared to any other year in our history. All of which serves as a strong baseline for further growth and management expect this to improve revenue and profitability in 2019."
rivaldo
19/12/2018
13:20
Another contract win, this time for $0.92m, presumably mostly falling into next year: Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201812190700048975K/ Already factored into expectations, but the number of recent contract win RNS's gives hope that those expectations will be met. Not that we have any idea what those expectations are - Finncap haven't issued any notes since February!
rivaldo
15/10/2018
07:27
Yes excellent news Rivaldo. After a very long (& frustrating) wait for contract news, the CEO & CFO now seem to be pulling in a few deals. Long may it continue
chalkyboard
15/10/2018
07:18
A further $0.5m contract win with the US Air Force today - interesting that the closing CEO comment looks forward to more such contracts with the USAF "and other Government customers"....I wonder in which areas of simulation/VR this might be: Https://www.investegate.co.uk/simigon-limited--sim-/rns/further-contract/201810150700039516D/
rivaldo
08/10/2018
07:29
Another new contract win - this time with the US Air Force in Europe - for the Virtual Reality De-Icing Simulator, again adding to confidence in expectations for this year: Https://www.investegate.co.uk/simigon-limited--sim-/rns/contract-win/201810080700069896C/ "This contract is SimiGon's second aircraft deicer simulation contract win in the past six months and exhibits how the Company and its technology can be quickly taken up once new markets and applications are identified." "SimiGon President and CEO, Ami Vizer, said: "This Contract award is a strategic milestone for SimiGon as it demonstrates the Company's ability to penetrate new markets and requirements for cost effective personal training systems. The SVADS emergence is part of the Company's vision to utilize SIMbox technology in multiple domains. We are very excited by this and will continue to push into this market with high quality deliveries of advanced training products for military and civilian aviation".
rivaldo
25/9/2018
09:44
Rivaldo, You're a seasoned and successful investor, I can't believe you can't see the writing on the wall here. SIM have been awarded 2 very large contracts - both of them have been operational disasters. Maybe they'll win some new contracts - there is no guarantee they'll not end in similar acrimony. The long term performance since float has been terrible and yet Ami Vizer has awarded himself approximately 18% of the company in options along with pay of approx $500,000 per year. It will be interesting to see what he awards himself this year for losing a $7.9m contract that was in implementation. The companies dividend/share buyback behavior suggests to me that the cash pile will never been seen by shareholders. I'd be much more bullish about UK competitor Pennant Intl who have new invigorated management, expanded production facilities and a repeatable product line though still relying on large lumpy contracts which is the nature of the aviation training industry. Anyway I wish you well.
cockerhoop
24/9/2018
16:44
Yes clearly something has gone very wrong there, I didn't pick up on this earlier but it is buried in the announcement that this also has '... led to a revision in our forward backlog order book from the previously announced $20 million to $14.5 million'
daz
24/9/2018
08:17
Can't believe the price is holding up - they just lost the $7.9m contract awarded in 2016 in acrimony. Yet to successfully deliver a prime contract. Absolutely woeful.
cockerhoop
04/9/2018
05:52
Woolly mammoths in the permafrost likely twitch more than this stock . There must be lots of stale bulls around other than me dying to get out on any kind of price movement ..
ohisay
21/6/2018
16:35
I'm a little confused as to whether the $5m prediction from the Final Results is a forcast or expected revenue based on existing, signed contracts? from the Results: "This confidence is underlined by the fact that we have a backlog of over $20 million over the next ten years, approximately $5 million of which is expected to be delivered and recognised in 2018 (including the contract signed with a particular customer in the civilian training market)."" So the previous 300k contract will make this $5.3million but the recent contract won't contribute, if I understand correctly. But them hitting that $5million figure should not depend on them getting any new contracts? Cheers!
jinvest1
21/6/2018
16:05
OK, I stand corrected. Still good to know they are making progress against their target, so I think it's worth doing.
daz
21/6/2018
15:26
Daz,That's not correct. They are only duty bound to make contract announcements only when they make material differences (greater than 10%) to forecasts.As they state, It's not the case here.
cockerhoop
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