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
  0.00 0.0% 13.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2.4 -1.6 -2.9 - 7

Simigon Share Discussion Threads

Showing 2101 to 2123 of 2250 messages
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Agreed rivaldo. Albeit IMO, Simigon is still uninvestable until CEO Ami Vizer gets replaced.
H1 results are out, and show a (very!) slow improvement in the numbers, but much increased optimism about the overall health of the business following the long transition to SaaS.

The £4.6m m/cap compares to $6.2m cash - plus a net $2.1m trade receivables less payables, of which a further $1.5m has been received since 30th June.

The outlook statement shows where they're heading:

"SimiGon's outlook is positive primarily due to its current technologies, R&D roadmap and the overwhelming need to provide millennials and Generation Z with VR, MR, AR capable, immersive training solutions. Government and Civilian requirements for proficient operators in multiple domains of zero risk tolerance such as aviation and energy, is a challenge the Company looks forward to capturing and realizing the growth foreseen by investors."

Let's hope this statement is realistic. If so there's potentially significant upside here:

"Our true achievement is the foundation we have created for future growth and return to profitability."

Another contract win with the US Air Force. this time for "Mixed Reality" training devices for USAF Air Combat Command - "a new, larger customer base, the ACC, the primary supplier of US air combat forces":


"SimiGon President & CEO, Ami Vizer, commented: "This win is very gratifying as it demonstrates that the USAF and that the ACC in particular, understand our advanced technologies and combat training solutions. This is an exciting time for the Company as VR and MR solutions become a greater part of our portfolio. Our R&D team continues to make great strides to delivery true, next-level MR solutions. We look forward to our partnership with the F-15E community and the ACC."

There we go guys. No follow through even after yesterday's announcement. Indeed it seems to say everything investors need to know wrt the CEO & Board.
Hopefully it should all come out in the wash.

Personally I suspect the interims will be at best flat on H1'18 (sales $2.4m), and possibly even down if they haven't been able to replace the "major development and delivery milestones in support of Lockheed Martin's UKMFTS program" which ended last year.

Also today's news looks pretty similar to what was announced at the prelims in April "Signed a Blanket Purchase Agreement with the U.S. Department of Defense Enterprise Software Initiative to establish agreed pricing and processes for government customers to purchase the Company's products and services."

Luckily one thing that is certain though - is that regardless of performance (or lack of it), Ami Vizer will continue to pay himself more than $0.5m each year, equating to >10% of revenues. Choice.

If and when there is some "visibility", it may be too late to buy the shares.
it may also be, of course, that visibility will take the form of a death rattle but I hope not.
Uncertainty and distrust of the directors are built into SIM's present share price as into many others.

NY Boy

Well that's not quite a proper comparison now is it ?

The negative folk have a lot of evidence for their view, while the 'recent' folk have a day or so.

No forecast numbers either from house broker finncap this morning. As such, I suspect investors will fade today's news, and continue offloading shares until the board provides (at least some) visibility
I guess those that bought years ago will be negative and bitter and those that bought recently, happy and content.

I expect (MSYS) to make a good move higher on the for coming interims dyor as usual

ny boy
Max contract value of 6m spread between 4 contractors over 2 years.Another blue sky announcement with no firm nos.In my view companies should not use the RNS service for marketing purposes.
More good news this morning re SIM's approval as one of four suppliers of Virtual Reality solutions for the US Air Force.

The comment that "We look forward to many additional VR and MR systems deliveries" is certainly encouraging:


OT : cheers Varies, appreciated.

I am on your side here.
Not only do I regard SIM as a good bet at current levels but I have observed your posts on other small companies whose shares I follow and have found you more often right than wrong.
I too have profits on PTSG and SND and, like most of us here, a loss to date of about 50% on SIM.
Being more often right than wrong is all one can reasonably hope for with one's investments and one must not be discouraged by the occasional misadventure.

Agreed yump. Simigon may be cheap, but it certainly looks, walks & quacks like a 'value trap' to me - at least whilst CEO Mr Vizer remains at the helm. Shame really
Good to see the new US Air Force Virtual Reality contract win and the successful Israeli Air Force contract news recently whilst I was on hols.

The £4m m/cap is now less than the $6m net cash at the last year end. This is plainly bonkers in terms of valuation, but is more understandable in terms of market sentiment given the downturn in performance and, as I've said before, the valid concern over the CEO's package.

Last year's H1 showed a $0.3m loss. We (and Finncap!) currently have no idea of what H1'19 has brought, other than more optimistic noises in the prelims outlook and an increase in the rate of contract win announcements.

If SIM can post improved results and a renewed sense of momentum from the new contracts, completion of the transition to SaaS, progress in VR/AR etc, then the current share price will be very good value. If not then obviously there will be more stagnation.

I'm pretty sure there's no problem in terms of de-listing - imo the AIM listing gives SIM much-needed credibility in terms of its blue-chip customer base, both current and new. Could be wrong of course.

OT : I've recently had four companies in my portfolio taken over, three at large premiums above the prevailing share price - PTSG, EUSP, SCH and SND. Three of these had varying doubters/trolls/moaners/cynics etc on the threads whose gripes (some valid, some not) were proven incorrect as regards the share price. I've learnt to trust my own judgement, but I have, do and will obviously get some stocks wrong over time.

Isn't it strange how some posters feel the need to personalise things and follow other posters around to have a good moan about them rather than concentrate their energies on the stocks themselves? Weird. I'm off with my daughter to see an exhibition in London and enjoy the sun. See ya!

Does anyone think Ami can turn this one around? If so, any reasons why?
The other risk of course, is that finncap might decide to resign as NOMAD. SIM's corporate governance is non-existent, and finncap's analyst also hasn't been able to publish any forecasts for > 18 months.

Can't see another NOMAD wanting to get involved quickly either?


You really need to take off those rose-tinteds, you're deluding yourself. I really don't get how you can remain positive about all the announcements and the future, about every stock you've ever owned, regardless of how poorly they perform.

Its quite weird really.

I suspect that we may soon hear from the Board that maintaining the AIM quotation is no longer worth the expense.
Even so I have bought a few more shares at under 8p.
Net current assets seem to be nearly £6 million v. market cap of c£4 million and a fair amount of R&D is expensed through the P&L account.
SIM seems to be replacing with better customers the business of the one who would not pay his debts and we could even see another dividend next year.
Some of you will think me half-witted but in these little companies a few halfwits are needed to make a market !

Yep, how the CEO has got away with it for >12 years is a testament to the shareholders's inaction and Board's apparent complicity.
Because its a lifestyle company for the CEO.
the big fella
Anyone any ideas why the shares continue to drop? Ami taking on CEO & exec Chairman roles, or something else?
Finncap say they hope to resume coverage as soon as possible, maybe #SIM are no longer paying for the research. Can't understand why they're even listed on Aim to be honest.
It's basically Ami's business (President & CEO says it all). There's no corporate governance, he wouldn't get away with what he does if there was any imo.

You'll have to ask Rivaldo about shareholders views - he appears completely unperturbed at management behavior.

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