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 Shares Traded Last Trade
  0.00 0.0% 6.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.00 7.00 6.50 6.50 6.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 3.68 -1.09 -2.26 3
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.50 GBX

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Date Time Title Posts
22/12/202008:17Train your eyes on Simigon741
03/1/201501:07Another software play609
27/12/201311:05SIMIGON LTD. ORD ILS0.01 (DI)13
31/10/200716:41Simplifying finances735

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Simigon Daily Update: Simigon Ltd. is listed in the Software & Computer Services sector of the London Stock Exchange with ticker SIM. The last closing price for Simigon was 6.50p.
Simigon Ltd. has a 4 week average price of 6.25p and a 12 week average price of 5.50p.
The 1 year high share price is 8.50p while the 1 year low share price is currently 5p.
There are currently 50,868,618 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Simigon Ltd. is £3,306,460.17.
rivaldo: 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%: Https:// 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.
rivaldo: 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: 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:// After a quick search, the most relevant Gal Erez I can find is this one: Https:// 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.
belfry17: If you take the claim, which may or may not result in anything at all, it is a very cheap share price.
rivaldo: 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 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.
euclid5: 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: Results out: Https:// The good 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: 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!
rivaldo: Pretty decent results today, particularly as regards H2'18 compared to H1. SIM made a loss of only $0.3m excluding the one-off bad debt provision - and in H2 this loss was just $0.04m. So SIM is now trading essentially at break-even. And this outlook reads well in that respect: "By increasing SaaS-based contracts for more recurring revenue and better long term visibility, together with intensive R&D investment and business development efforts on multiple market opportunities, the Company expects to quickly resume cash flow positive activities and profitability." This £5.6m m/cap has $6m net cash plus around $2.4m net trade receivables/payables. SIM have written off $2.34m of R&D expenses - and this increased to $1.3m in H2, yet SIM still almost achieved break-even. And of course there's also today's other extremely interesting news re the commencement of an AR training programme with Israeli Air Force: Https:// "SimiGon kicks off Augmented Reality maintenance training research with the Israeli Air Force SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is proud to announce that it has commenced a ground-breaking Augmented Reality ("AR") research programme with the Israel Air Force ("IAF") (the "Programme"). The Programme will utilise SimiGon's R&D investments in the Virtual Reality ("VR") and AR domains with respect to aircraft maintenance training by providing the invaluable ability to test and refine technologies in the demanding, up-tempo operational environment of the IAF. SimiGon designed and developed AR and VR enhanced products and technologies will be used by the IAF in the research programme with the IAF providing logistical support and subject matter expert feedback. The Programme is expected to place SimiGon at the forefront of technology and it will enable the Company to use this technology in various domains. As the market for AR and VR enhanced training takes off, it is expected that this Programme will have positive impact on the Company's business opportunities. SimiGon Vice President of Research and Development, Hagai Piechowicz, said: "SimiGon's training technologies will be making a great leap forward with this Programme. Our R&D team will rapidly design, develop, prototype and test our newest training technologies for the AR and VR aircraft maintenance environment in the IAF F-16 squadrons."
rivaldo: Well well - this sounds encouraging..... Https:// "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."
Simigon share price data is direct from the London Stock Exchange
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