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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 2151 to 2174 of 2250 messages
Chat Pages: 90  89  88  87  86  85  84  83  82  81  80  79  Older
DateSubjectAuthorDiscuss
09/3/2020
08:33
Business as usual for SIM with today's year end update, i.e disappointing numbers combined with the usual bullish narrative and confidence in the outlook.

The only consolation is that SIM continues to retain its cash buffer, which is currently almost £5m against the now £3.3m m/cap.

The definition of a bottom drawer stock! I'll retain my small stake and keep an eye on the smoke signals. Which may be some time coming....

rivaldo
15/1/2020
10:41
I suspect that there is a personal element here and that only those acquainted with the parties concerned will understand what Goldstein Real Estates are up to.
They seem unlikely to make much impression with only 3% of the capital but may have allies on the share register to assist them.
This looks to me like a lawyers' picnic !

varies
15/1/2020
09:56
Could potentially be good news for shareholders if someone is finally shaking up Ami Vizer's gravy train?

Or the more cynical may suspect the outcome will be a settlement involving the transfer of SIM cash to outside of the company?

I've no real idea on motivation but when you run (or invest) in a whiffy company you run these risks.

cockerhoop
15/1/2020
09:15
My small holding here is getting smaller :o))

I haven't got a clue what today's RNS is about - "prerogative relief" anyone? - other than that it's further unsettling news with apparently no financial impact even if the Court decides against SIM, which seems slightly bizarre?!

Did D.D Goldstein Real Estates acquire their 1.5m shares for leverage in some way? Why are they claiming re salaries? Are they leading a shareholder revolt against Ami's remuneration at last? So many questions...:o))

rivaldo
24/12/2019
10:55
Does anyone have a copy of the resolutions on which to vote, or if note where to find them?
unclesamgw
24/12/2019
10:52
Better still if it was held in the UK for once.......
dgwinterbottom
24/12/2019
10:34
The AGM is at 2.00 pm on Monday 30th December, and we can join in on conference call:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/notice-of-agm---replacement/201912091232342326W/

I'll be travelling so will be unlikely to participate. If anyone else could call in and ask the CEO some of the questions which have been pitched here that would be great.

rivaldo
02/12/2019
11:47
Perhaps the contribution from this contract win will be pretty immaterial for the current year.

The main impact is for the year about to start - $1.8m is a pretty sizeable single contract win considering total annual revenues have been between $4.3m and $6.9m recently.

And SIM had $6.15m cash at 30th June - compared to the current £4.6m m/cap.

rivaldo
02/12/2019
10:44
rivaldo
Thank you for posting this announcement.
I am a little puzzled by the statement that the expected revenue contribution has already been factored into management's expectations for the year ending 31 December 2019 etc. I wonder how many other orders, expected but not necessarily received, have been factored into these expectations.
On this thread I see the most recent transaction being worth only about £400 and we now have an enormous spread.
Misgivings have been expressed about Mr.Vizer and his high rate of pay. Are his troubles at Via Air coming to an end and do they affect his solvency ? Can we be quite sure that SIM is kept entirely separate ?
My recent purchases now show a modest profit but I need the price to double before I recoup my earlier losses !

varies
22/11/2019
12:21
It's interesting how all this baloney started to unravel after Ami and his wife purchased an airline (Charter Air Transport) in 2013, and rebranded it as Via Airlines in 2015.

Back than in 2014 Simigon's revenues & shares were £8.3 million & 27p respectively. Who knows what they will be this year & next, since there aren't even any broker estimates from the NOMAD (finncap) today – perhaps because they too have little confidence in the business.

Just goes to show that you can't run 2 companies simultaneously and expect both to do well. Simigon is on its knees and Via Air went bust over the summer. I'm just amazed that the previous chairman and board did not act sooner and prevent this conflict of interest/time. A lesson for us all.

Come to think of it, I don't think the company ever informed shareholders officially at any point that Ami was also simultaneously running Via airlines between 2014-19? I guess this was simply a case of selective amnesia ?

chalkyboard
22/11/2019
11:40
Out myself guys. Thanks for all the informative commentary here. I wish I had acted sooner on what was only ever a small punt. Disgracefully run company and nothing ever trickled down. Will Probably be taken private now at 35p. :)
mach100
22/11/2019
11:24
Varies - why do you think Friday 30th Dec (ie right at the end of the accounting period) has been chosen for the director's convenience? It's never previously been this late.
unclesamgw
22/11/2019
11:16
CaliJoe
You may well be right but I hope not.
I think that the date and place of the AGM have little significance but are simply chosen for the directors' convenience.

varies
22/11/2019
10:17
Looks like Ami is working through his holidays again ;-)
cockerhoop
22/11/2019
07:33
This doesn't look good. It seems as though the 2018 AGM has been scheduled for Friday 30th December i.e. 364 days after the period close.

Maybe there's some bad news coming out – something perhaps even on the lines of Ami delisting the shares from AIM?

Alternatively he could be putting himself and his remuneration package up for vote at the AGM, and wants as few shareholders as possible voting against him?

Either way I'm out

calijoe
15/11/2019
12:41
AV hasn't bought any significant stake in the company but has just gifted himself options (approx 20% of the company) through the many years of under performance since the IPO.
I do feel for him, he hasn't had a single holiday since 2006!!!!

cockerhoop
15/11/2019
11:39
I assume varies - if Ami was forced to dispose of his stake by a bankruptcy court, then any subsequent distressed/fire sale of the company would be unlikely to elicit an attractive price.
chalkyboard
15/11/2019
11:13
AV's holding is worth about £700,000, I believe.
He is unlikely to give up control of SIM since it pays him so well but this would be good news for us.
The best outcome would be a sale of the company at a good price (as with most of one's investments)but I feel little confidence that this will happen.

varies
15/11/2019
08:51
The funniest thing is whilst being the Chairman for the Airline (did he also fly for it?) he was actually paid extra to work through his holidays at Simigon. Anyone who believes that to be a credible story really shouldn't be investing!
cockerhoop
15/11/2019
07:53
Anyone any thoughts on why the Board have allowed Ami to run two businesses concurrently for so long (ie since 2013) – one bankrupt airline alongside Simigon?

Also does Ami have any other business interests outside of what he is supposed to be doing at Simigon, and for which he is handsomely paid?

calijoe
14/11/2019
20:10
In the UK, banks tend to only lend to small startups if the owners secure the debt with personal guarantees. Not sure what they do in the US?
brummy_git
14/11/2019
19:35
American Express is suing Ami personally for around $600k wrt an unpaid Via Airlines credit card bill

hxxps://flarecord.com/stories/512593381-case-activity-for-american-express-national-bank-vs-amos-vizer-on-may-29

brummy_git
14/11/2019
18:41
Unless he's done something iffy, its just the airline that goes bust, not him, as he will not be liable for their debts. That certainly goes for all limited companies here. That's why some some AIM businesses seem to disappear in liquidation, taking their creditors with them, only to reappear with similar directors in a few years time.
yump
14/11/2019
18:16
If Ami is made bankrupt, then what happens to his simigon stock?
brummy_git
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