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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 2176 to 2199 of 2250 messages
Chat Pages: 90  89  88  87  86  85  84  83  82  81  80  79  Older
DateSubjectAuthorDiscuss
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).

yump
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.

rivaldo
15/10/2020
07:46
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.
belfry17
15/10/2020
07:22
RNS re a new major shareholder - Gal Erez has gone above 3% by buying another 100,000 shares. He now has 1.625m shares:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/holding-s--in-company/202010141649031171C/

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

Https://en.globes.co.il/en/article-former-israeli-defense-co-developing-uav-for-cell-phone-networks-1001048316

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.

rivaldo
08/10/2020
06:34
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
06:26
Many thanks Belfry17, there is quite a lot about this company that appears quite secretive at times and I don't mean their clients.
dgwinterbottom
07/10/2020
20:48
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
20:26
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
14:57
If you take the claim, which may or may not result in anything at all, it is a very cheap share price.
belfry17
07/10/2020
13:52
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

netcurtains
05/10/2020
07:35
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.

rivaldo
01/10/2020
08:12
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.
joerog
30/9/2020
14:02
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.

rivaldo
25/9/2020
09:54
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.

varies
25/9/2020
08:14
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.
joerog
25/9/2020
07:35
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.

rivaldo
25/6/2020
17:10
Maybe Ami will acquire another company he has equity in?
2shrek
25/6/2020
14:57
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.

cockerhoop
25/6/2020
13:00
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.
joerog
25/6/2020
10:39
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.

https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-m-a-team-seeks-strategic-acquisitions/202005260700148307N/

euclid5
04/5/2020
06:43
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:

Https://www.investegate.co.uk/simigon-limited--sim-/rns/usaf-extends-simigon-support-contract/202005040700067402L/

Ami is bullish as ever:

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

rivaldo
28/4/2020
06:37
Results out:

Https://uk.advfn.com/stock-market/london/simigon-SIM/share-news/SimiGon-Limited-Final-Results/82319556

The good news....as always, lots of great-sounding contract wins and renewals. And no effect yet from Covid-19. Plus loads of potential. And $6m net cash to fulfil that potential.

The bad news....everything else :o))

There really isn't much left to say about this company. The CEO talks about a return to profitability. It's time for him to reflect this in some decent H1 numbers. Perhaps the legal action (which SIM deem immaterial even if they lose) will cause him to reconsider the compensation packages to reflect recent losses and performance.

It's worth noting that R&D costs are huge, over $2.1m again, and these all get written off. I suppose there is one brownie point to SIM for not hiding some or all of this expense on the Balance Sheet as many companies do. This would at a stroke dramatically improve profitability on a presentational level.

rivaldo
21/3/2020
01:15
Link to materials (the "Notice") electronic copy below.

1st time since I left SimiGon that I recall actually getting an opportunity to vote. My voting was restricted as I had to "irrevocably appoint Mr. Ami Vizer, each individually, as my proxy to attend all shareholders' meetings and to vote, execute consents, and otherwise represent me with respect to exercised shares (i.e. options exercised into shares in the same manner and with the same effect as if the undersigned were personally present at any such meeting or voting such securities or personally acting on any matters submitted to shareholders for approval or consent" in order to get my options.

The AGM do over "is required due to a lawsuit filed by a shareholder, D.D Goldstein Real Estate and Investments Limited (the "Plaintiff"), against the Company and its directors, in which such shareholder claims that all the resolutions (except the appointment of the auditor) adopted at the Annual General Meeting of Shareholders held on December 30, 2019 (the “AGM”) are invalid, due to certain technicalities that the Plaintiff claims were not fulfilled and due to an allegation that Mr. Ami Vizer is a "controlling shareholder" and thus subject to certain restrictions and conditions. The Company reviewed its records and has received assurances from Mr. Vizer that he is not a "controlling shareholder" and
the Plaintiff has not yet provided evidence to substantiate this claim. All resolutions at the AGM were approved by an overwhelming majority of shareholders voting at the AGM, even without Mr. Vizer’s vote."

NOTE: I would have voted NO had I had an opportunity. But given he votes for me (and I have a feeling for several others he controls) he has always controlled the board.

"The Company is defending the Plaintiff's claims but, in order not to have to wait for the legal proceedings to run their course, is proposing that the shareholders at the Meeting re-approve the resolutions adopted at the AGM that are claimed to be invalid due to the above-mentioned technicalities so that most of the allegations in the Plaintiff's claims will be rendered moot. In addition, there are certain other matters on the agenda as specified below.

In order to receive additional clarity on the matter of the "controlling shareholder", the Company's shareholders are hereby requested to notify the Company as soon as possible if they have a voting agreement or other voting arrangement with Mr. Vizer.

NOTE: Question - how many board members hand selected by Ami and shareholders who Ami gave shares to in order to hold control of the company are going to raise their hand and tell 'the company' (i.e. Ami) they have a voting agreement or other voting arrangement?

Link to NOTICE OF GENERAL MEETING:

hxxps://d3ciwvs59ifrt8.cloudfront.net/bcb0c9c3-c746-47d2-b691-8b30671a4801/c701d4fb-4048-4f67-9f6e-dbccfeac65cb.pdf

Best of luck with the shares in this company ....

2shrek
09/3/2020
08:57
So H2 revenue of $2.2m and losses of $1.02m. Substantially worse than H1.

Admire your patience Rivaldo but the cash won't be seen by shareholders imo.

cockerhoop
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