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Been watching this stock for a while and missed the RNS this morning ... grrrrr Difficult getting in if I need another 15% just to cover the spread on top of the 22% already posted today...
Any idea how much free float there is with SIM? There is a lot of capital tied up with major shareholders. Is this why we don't get much volume trading? I was sceptical about this in the past, but now begin to wonder. Thus: Cash in bank. No need to raise more through issue. No demand as current holders not selling. Therefore if no demand because the shares aren't on the market (see wide spread dissuading trades) then sp has no pressure to rise much. If this rings true then I may be waiting a while to realise anything against my 30p buying. Any views? gla.
That's massive news imo. Share is still undervalued.
Fabulous contract win. Finncap's 45p target price looks more and more realistic. Lovely long-term earnings providing great visibility going forward. And as it's for civil aviation it "underlines SimiGon's potential to access a much larger addressable market and has the potential to enable SimiGon to expand further into other civilian aviation industries with similar opportunities." The m/cap remains at just £9.6m at 19p, yet at 31/12/15 SIM had almost £7m of cash and net current assets and is on course for 1.9p EPS with a 0.49p dividend this year.
Let`s hope this has a noticeable and sustained effect on sp. TP
Rns-Simigon the military drone training company wins $7.2 million order. Simigon already has stacks of cash in the bank and only valued at £10 million-way undervalued.
Fantastic news on landing another big contract :) RNS Number : 9402W SimiGon Limited 03 May 2016 Tuesday May 3, 2016 SimiGon Ltd ("SimiGon" or "the Company") SimiGon awarded 5.5 year contract worth $7.9 million for civilian aviation training solutions in the Far East SimiGon continues to expend into the civilian market SimiGon (LSE: SIM), a global leader in providing simulation solutions, is pleased to announce that it has signed an exclusive five-and-a-half-year contract (the "Contract Period") to deliver SIMbox based training solutions to a leading provider of training solutions for the civilian aviation industries in the Far East (the "Contract"). Under the terms of the Contract, SimiGon will be paid $7.9 million to license its SIMbox software over the Contract Period, with a minimum of $1.4 million per year starting this year. The revenue contribution from this contract was already factored into management's expectations for the year ended 31 December 2016. It also will contribute to improved revenue visibility for FY 2017 and beyond. This is another major contract outside of the defense industry and it will further expand the Company's growth strategy to diversify its product offering and increase its addressable market. The Contract underlines SimiGon's potential to access a much larger addressable market and has the potential to enable SimiGon to expand further into other civilian aviation industries with similar opportunities. SimiGon President & CEO, Ami Vizer, said: "This Contract is part of SimiGon's strategy to focus on long-term, high value, stable license contracts which provide better revenue and profit visibility rather than on single lump sum license sales. We are excited to be awarded this Contract which strengthens our position in the civilian aviation sector; a sector which we strongly believe has significant growth potential. We are delighted to be working alongside a leading regional provider of training solutions to the civilian aviation industries and who have a clear vision of how our technology can leverage their current and future businesses". Enquiries: SimiGon Ltd Ami Vizer, Chief Executive Tel: +1 (407) Officer 951 5548 Efi Manea, Chief Financial Officer www.simigon.com finnCap (NOMAD & Broker) Stuart Andrews / Scott Mathieson Tel: +44 (0) 20 (corporate finance) 7220 0500 This information is provided by RNS The company news service from the London Stock Exchange END
imv
Yesterday you could sell at least 50k at 16.62p, whilst you can only buy a maximum 7k at 18p. The price moved up on Monday on a 20k buy - any buying at all would hopefully see decent rewards here based on the above.
This share is unloved because it is a minnow, it’s illiquid, it is foreign owned, and its directors don’t play golf with, or have dinner with, city institutions. That’s why I bought them. The near silence re investor relations and the few RNS reports are a couple of reasons more. The dividend maintained for two years, not long I know, but the cover is more than adequate. There’re a couple more reasons that I didn’t know about when I bought them. There are thousands of Aim companies who shout from the roof tops about what they are going to do in the future. I’m sure you guys could name a few, maybe even bought a few. I have, and they have turned to dust.
Great results and in the right market of drone training-this surely will be picked up soon as widely underpriced at 17p.
You can only buy 5k maximum at 16.98p, but can sell at least 50k at a premium at 16.22p.
yes, nice to see interims confirming cash conversion and some renewed mojo in sales ..just 5-6 months to go before then
Remains a great position for Current Assets. New sales will be a key factor here imo. Still, a solid business going foreword. gla.
is hardly great news imv
Excellent late recovery today. Finncap have reitereated their Buy, with a 45p target, and had this to say - they note that the results were actually ahead of expectations at around 2.35p EPS: "SimiGon*: Prelims (CORP) The global leader in simulation and training solutions provider has delivered strong earnings outperformance on the expected lower revenue. The company had previously flagged that delayed delivery of its major $6.7m prime contract won in 2013 would affect recognised revenue in FY 2015, and we reduced our expectations to $6.8m. In fact, SimiGon delivered $6.9m. Moreover, there was a dramatic reduction in overheads, across all areas but notably in R&D, which has led to a significant rise in operating margins (from 17% to 25%) and consequently adj. PBT rising 17% to $1.7m, well ahead of our forecast $1.5m. The adj. FD EPS of 3.3c is up 13%, again ahead of our 3.0c expectations. Trade debtors rose considerably, affecting cash conversion to such an extent there was a $1.7m outflow from operations. With the $0.3m dividend payment, this led to a $2.0m reduction in net cash to $7.4m at the December year end. $1.8m of the $3.7m trade receivables have been collected since the year end and management has maintained the dividend at the 6.0c declared last year. We reiterate our 45p target price."
i get shareminator's downbeat assessmnet.. ..frustrating, but visibility on necessary growth limited atm
Agreed - nothing much not to like rivaldo. It's a shame the market doesn't seem to agree with us. Long term growth here I think with steady progress y-o-y. gla.
For an £8.5m m/cap at 17p you get: - I calculate around 2.2p EPS, omitting the tax credit - £5.3m net cash - another £1.3m of excess receivables over payables, so £6.6m of cash/receivables in total - a 0.6c dividend The revenue from the major $6.7m contract should smooth out the transition to high value, long term license contracts for this year, and there are plenty of contract win prospects mentioned in the narrative. Looks like SIM have a good handle on cost control too, with the large reduction in operating expenses, particularly R&D. In addition, I like the comments about: - increased recurring revenues from training - the growing involvement in drone/UAV systems
I've just put 2 Limit orders in, as I usually can't be arshed to log in for the 8 a.m. bell... 1). Sell all at 27p 2). Buy at 12.5p That's just how the Aim Israeli cookie crumbles! GLA
to anyone who knows. I never deal in CFDs or spreadbetting .I don’t like the idea of margin calls and getting closed out if I can’t meet them. But one derivative I was attracted to in the past was options. I know they have an expiry date, and can end up worthless, but at least you know that date in advance. They are quite a useful tool to short your own shares. If you hold XTC Ltd at a pound, and you think, think but don’t know, that they might take a bit of a tumble in the next six months you could sell all or part of your holding. If XTC is a company you think has a future but it’s experiencing temporary problems or it’s fallen out of favour, but it’s paying a reasonably well covered dividend, you might be reluctant to do that. Why not take out a put option on them. The share falls, you cash in the option and use the money to buy more XTC at a lower price. The share doesn’t fall, it goes up. Your option is worthless, but you can sell a few XTC if you want to cover the cost of the option. Sorry if I've preached to the converted but does anyone know a broker who deals in options. Mine doesn’t.
jolly - looks like a decent reversal following the update, I expect much of the increase in cash during the period came from the backlog of receivables that had built up in the first half. Good result buying low if you did but wouldn't hold long term given the delicate state of affairs where this company operates and it's ability therefore to attract new clients. Revenues are way down. Operating profits likely to be lower too. The outlook for the year ahead much the same. So a slowdown, however the company intend to dress it up. The cash-pile certainly looks reassuring but expect that to fall back as the company utilises free cash as part of its investment policy
Almost no shares available to buy online earlier on.
Hemscott now have Finncap's post trading update forecasts up: last year - 1.96p EPS, 0.46p dividend this year - 2.03p EPS, 0.52p dividend Which, along with the £5m cash pile against the £9m m/cap, makes this rather a bargain opportunity imho.
I suppose we all get over enthusiastic when one of our fallers gets on its feet again and starts running. Especially after the spurt Simigon put on today. It’s a long race and my bet is still on.