gretel
20 Jun 2016
RNS - contract win Another $2m this time - for a £9.3m m/cap company with probably £6m+ net cash now:[link] entry into a new market for SIM "in the provision of maintenance simulation training solutions in addition to its advanced training solutions for pilots".
gretel
03 Jun 2016
Very cheap on fundamentals imo Latest forecasts from Finncap are FYI: this year : 1.89p EPs (£0.98m PBT), 0.49p dividend next year : 2.17p EPS (£1.12m PBT), 0.49p dividendAnd of course SIM also has that huge cash pile
gretel
03 May 2016
Great news today 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.
coldascheese
03 May 2016
RNS: Target price 45p- actual price 20p? RNS---- $7.2 MILLION ORDER RECIEVEDWinning this order shows how undervalued Simigon is , in the hot area of drone training for US Army and other countries inc UK- now an order for the middle east-overlooked at the moment bur should re-rate soon to a more realistic priceI would repeat brokers view-SimiGon Ltd. (LON:SIM)‘s stock had its “corporate” rating reissued by research analysts at FinnCap in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 45 ($0.64) target price on the stock. FinnCap’s price objective points to a potential upside of 164.71% from the stock’s previous close.
gretel
27 Apr 2016
Online looks encouraging 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.
charlie51
19 Apr 2016
Re: Target price 45p- actual price 18p? Unfortunately it will continue to languish until they sort out the overhang from the ghastly Yorkville people - and also sort out their IR which is not so much poor as non existent. The fundamentals are all good, but will not deliver on their own.
coldascheese
19 Apr 2016
Target price 45p- actual price 18p? SimiGon Ltd. (LON:SIM)‘s stock had its “corporate” rating reissued by research analysts at FinnCap in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 45 ($0.64) target price on the stock. FinnCap’s price objective points to a potential upside of 164.71% from the stock’s previous close.This is really undervalued at the moment and in the hot area of drone training for US Army and other countries inc UK- overlooked at the moment bur should re-rate soon to a more realistic price.
gretel
18 Apr 2016
Results ahead of expectations Excellent late recovery today.Finncap have reiterated their Buy, with a 45p target, and had this to say - in particular 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."
gretel
18 Apr 2016
Good results today 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 dividendThe 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
gretel
31 Mar 2016
Finncap's new forecasts Hemscott now have Finncap's post trading update forecasts up:last year - 1.96p EPS, 0.46p dividendthis year - 2.03p EPS, 0.52p dividendWhich, along with the £5m cash pile against the £9m m/cap, makes this rather a bargain opportunity imho.
charlie51
29 Mar 2016
Re: Extremely undervalued imo the value here is undeniable, assuming all is as reported…but that is another, albeit related perspective. Assuming we have true transparency, and not the AIM qualifiers which can kill any aspiration, we then have to see the ghastly Yorkville people properly assign their interests in selling down a significant tranche of stock before true value can be realised. That might take some time. An interesting stock, but not one without all sorts of risk.
coldascheese
29 Mar 2016
Re: Extremely undervalued imo I quite agree gretel-way undervalued and I expect price to move up to a sensible price before results soon.
gretel
29 Mar 2016
Extremely undervalued imo SIM has an EV for its core business of just £2.5m, given that it has a mere £7.5m market cap yet has $7m cash (£5m) on the balance sheet.This for a business making $1.5m PBT and paying a decent dividend.Crazy.And that's without the carrot of even larger phased contracts to come.And revenues have been pushed back until this year - so this year's numbers will benefit, even though SIM achieved last year's forecasts without the benefit of those revenues!
gretel
24 Mar 2016
Finncap have 45p target price Finncap have reiterated their 45p target here - a mere 220% upside 
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gretel
24 Mar 2016
Excellent trading update today A VERY encouraging year end trading update.The share price has factored in a disaster, yet SIM are trading nicely in line with expectations of 1.96p EPS (almost £1m PBT):[link] there's "more than $7.0m" of cash.This against a £7m m/cap!And the outlook is very confident too:"This base provides SimiGon with the opportunity to maintain and grow its strong financial position whilst achieving a robust pipeline of new opportunities which gives us great confidence for 2016 and beyond."
