Simigon Share Discussion Threads

[rivaldo] 22/12/2020 08:17

I was correct - Gal Erez did buy the 100,000 shares. In fact, he's bought another 450,000 shares, and now holds 2.075m, or just over 4%:



As I said before, as former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has relevant sector experience. It'll be interesting to see over time whether he has good reason for building this stake.

[yump] 16/12/2020 16:45

I just get bored seeing the same old tbh.

Well I was right getting out of this ages ago, but that's just one 'right', although there were a collection of red flags. Plenty of shares to go at without risking the red flag crowd.

Very difficult psychological business, admitting errors and successes on a public bb. Nobody knows whether anyone has really bought, sold or is working for a broker to promote shares.

Almost tempted to trade this for a bit of fun, but I don't trust them not to take it private suddenly.

[rivaldo] 16/12/2020 16:19

Oh no, not yump the grump again :o))

Apologies, couldn't resist it since you seem to like getting personal. I thought it was a very appropriate characterisation from whomever coined it for you (on the ORPH thread I seem to remember).

Yep, seriously. But hey, this time you might be right for a change, who knows.

[yump] 16/12/2020 15:03

Oh no not the cashpile argument again...

Seriously ? At least you're not in buy now its a bargain mode as you were ages ago. Ironically perhaps now is the buy time - the chart appears to have bottomed.

Wouldn't touch it with anything though, its been shown to be a trough (oink, oink style).

[rivaldo] 16/12/2020 13:46

Up 0.5p on a 100k buy :o)) Could be Gal Erez increasing his stake again.

Perhaps he likes the value here given the $6.3m cash pile, with the business being valued essentially negatively at the current m/cap :o))

Other than for net-net/value reasons I can't really see a particular reason for buying at present given the dire straits the aerospace industry is in.

I suppose if SIM can pull a rabbit or two out of the hat, from (1) bigger defence contracts or (2) the hinted at expansion into other areas of VR/AR and training or (3) one of the promised strategic acquisitions, then the upside could be big, but at present I'm happy to wait to see the 2020 trading update next Feb/March before topping up my small holding.

[belfry17] 15/10/2020 08:46

Thanks Rivaldo. Maybe it is linked to the acquisition or he just sees good value. There is only negativity about this share at the moment but it is due a bit of a turn soon, or at least some of the positives mentioned.

[rivaldo] 15/10/2020 08:22

RNS re a new major shareholder - Gal Erez has gone above 3% by buying another 100,000 shares. He now has 1.625m shares:



After a quick search, the most relevant Gal Erez I can find is this one:



As former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has much relevant sector experience. Is he buying shares purely as an investment, or as something more direct?

Good to see anyway.

[dgwinterbottom] 08/10/2020 07:34

It is a shame because their product is of an interesting nature but we never here any detail of it, perhaps it is their broker that is somewhat picky as one of my other shares said they were constrained by.

[dgwinterbottom] 08/10/2020 07:26

Many thanks Belfry17, there is quite a lot about this company that appears quite secretive at times and I don't mean their clients.

[belfry17] 07/10/2020 21:48

I have matched them up so the December figure must be relating to the end/ renewal for a further 12 months.

[belfry17] 07/10/2020 21:26

These appear when i seatch for Simigon on contract awards. You need to pay to find out more details. I also need to look through the RNSs to match them up, if they have been announced.

Contract one:

Action Deadline: 31 Dec 2020

Provide Simulation And Training Solutions, Announced On Thursday That It Had Won A Further Contract With The United States Air Force To Supply Vr Systems At Its Columbus Air Force Base.

Sector: Industrial Automation and Control,Aviation,Education and Training,Defence
Country : Israel

Contract two:

Action Deadline: 31 Dec 2020

Summary: Full Deployment Of Training Systems For The Israeli Air Force.
Sector: Industrial Automation and Control,Information Technology (IT),Technology Hardware and Equipment ,Software Services ,Education and Training,Infrastructure and construction,Defence
Country : Israel

[belfry17] 07/10/2020 15:57

If you take the claim, which may or may not result in anything at all, it is a very cheap share price.

[netcurtains] 07/10/2020 14:52

I bought some today (over 6p) and would hope to get 8p to 9p as a minimum at some point in the future.
To my basic way of looking at it, SIM is a net-net (basic version of theory):

Its current assets- total liabilities > market cap
5.6M - 2.1M = 3.6M which is greater 2.9M

[rivaldo] 05/10/2020 08:35

Now I think we know the reason for the activity last week....

Today's news is an RNSNON at a $0.5m contract win, but is significant in once again validating SIM's place at the top table client-wise, and also signalling that the investment in virtual training has started to pay off.

Ami is bullish as ever:

"We expect this Contract to lead to additional business opportunities with the Defense Company, the IAF and the wider aviation maintenance training market."

Let's hope he's finally proven correct.

[joerog] 01/10/2020 09:12

Could it be share transfers? If it wasn't for the litigation, I think this price would be a lot higher, and then even higher once/ if revenues increase. The sector (albeit lumpy in its awarding of contracts and linked to aviation) is a good one, there is a lot of cash and the market cap is small.

[rivaldo] 30/9/2020 15:02

Agreed varies. I had OMI hidden in my drawer as a dead duck with potential for either boom or bust - today's news is definitely of the boom type :o))

Interesting activity here today, with 300,000 shares bought at 5.8p (and someone selling 200k into the demand). Let's see if this is the precursor to something.

[varies] 25/9/2020 10:54

Spot on, Rivaldo.
I have a drawerful of dead ducks and I am learning the hard way that one should never sell a share just because one tires to seeing one's loss on it.
My most recent howler was to sell most of my MWG shares at under a penny, fearing that it would go bust; now I see them at over 3p, having recently been higher, on the strength of some connection with a defence against Covid.

[joerog] 25/9/2020 09:14

Ricardo: agreed. The cash/ current assets are propping it up against the low market cap. Let's hope the delayed contracts come through over the next few weeks/ months and there is a revenue generating acquisition to return to profit.

[rivaldo] 25/9/2020 08:35

Predictably bad results for H1 out this morning given COVID-19 and SIM's exposure to aerospace. And the outlook's not exactly promising!

The only crumb is that SIM still have a stable $6.3m cash against the now £2.8m m/cap. I note that essentially this was achieved largely by good debtor collection/reduction offsetting the H1 loss plus the receipt of $0.5m of COVID loans.

Ami is still playing up the M&A possibilities. But I wouldn't buy any more based on such a long shot.

I'm so glad I didn't top up my small (and getting smaller) holding as I was tempted a number of times. I suppose once COVID fades away there may be an opportunity, especially if the compensation lawsuit makes AMI see the error of his ways....at its heart I still believe there's a quality business here somewhere given its validation by the terrific client base, but whether anyone here will live long enough to see it is another matter.

[2shrek] 25/6/2020 18:10

Maybe Ami will acquire another company he has equity in?

[cockerhoop] 25/6/2020 15:57

SimiGon Chief Executive Officer and Executive Chairman, Ami Vizer, said: "SimiGon's M&A team will unearth strategic acquisition opportunities for SimiGon that will increase near term revenue as well as improve our long term growth prospects."


I imagine Ami will be working through his holidays again :-) Wisely spending the remaining shareholders cash.

[joerog] 25/6/2020 14:00

Based on what? How would anyone know - we don't know how much they are looking to spend and whether the £4-£5m they have already is enough.

[euclid5] 25/6/2020 11:39

Will they have to raise funding to complete this - possibly?

"SimiGon is in the enviable position of having both the financial ability and support of key shareholders to make strategic business acquisitions that will help expand into key market segments" said Mr. Sarnicki.

[rivaldo] 04/5/2020 07:43

The US Air Force have renewed a simulation training contract for another six months with an option for a further twelve months, which would bring in $2.1m for the entire period:



Ami is bullish as ever:

"We expect this Contract to generate new business with the USAF and other Government end users."