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I wouldn�t be surprised if Simigon divided itself in two, a military training division which they have been doing for years, and a VR classroom platform for general education. All under the Simigon name. That�s what I�d do if ran the company.
Good to see a new contract win - for the US Air Force, and in a new area too, with a potentially large market: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SIM/13631833.html "SimiGon awarded USAF technician training contract SimiGon to provide Virtual Reality simulation based training for USAF De-icing technicians SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has contracted the Company to deliver a Virtual Reality (VR) Aircraft De-icing Simulator (the "Contract"). Securing this contract highlights the Company's ability to identify new markets and applications for its traditional customer base.... ....The Company estimates the De-Icing market to include more than 100,000 trainees per year in the civilian market. SimiGon's technology and business model is well suited for rapid product rollout to meet expected market demand and the Company is looking forward to successfully leveraging its aircraft de-icing training product for substantial business growth. SimiGon President and CEO, Ami Vizer, said: "This Contract award is significant for SimiGon as it further demonstrates the Company's ability to identify new markets and their requirements for a cost effective personal training systems and tailor its training products to meet new demands within a short timeframe. This SIMbox-based training product is the ongoing realization of the Company's strategic plan to utilize the technology in multiple domains. We are excited to receive the VR Aircraft De-icing Simulator award to support USAF technician training and expect to further penetrate the De-Icing market and deliver high quality training products to both the military and civilian aviation in the future"."
It's a very small amount and they haven't been cancelled. No doubt put into a share incentive scheme for the employees. Not a bad idea. They said they were going to buy a lot more and they will, maybe another 170,000 worth.This is a sleeper. I still hold on.
Company buying back its own shares. I like it. They know their own value.
But I do put my head around the door from time to time. It seems nothing can shift the sp, not even a contract win (small I agree). If you set cash on the books alongside mkt cap the sp is nuts. Hope it moves north for everyone sooner or later! TP
Yes, nice to get some good news again Rivaldo. Hope to see steady progress back to profitability. Like you, not to large a holding - just enough to keep an interest in following a (hoped for) successful company. Don’t make a fortune out of any divi due to the tax implications. gl to all.
Great to see SIM win another contract with the US Air Force: Https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-awarded-additional-usaf-support-contract/201802070700041170E/ At $560,000 over 28 months it's reasonably if not particularly material, but the importance lies with: - the USAF evidently retain confidence in SIM in awarding further contracts - this win is for support services, which provide annual recurring income to lessen SIM's former reliance on lumpy contract wins - in particular there's a strong hint of more to come: "We expect this Contract to generate further CLS opportunities with the USAF and other Government customers in the future."
Ho hum. Today's update shows the anticipated loss together with the usual contract issues which SIM appear to make a regular occurrence. There may still be a big upside to the 2017 results if client and auditors agree to revenue/profit allocations, but I'm not holding my breath. However....the m/cap at 16p is now �8.2m, whilst SIM have over $7.6m of cash, plus other assets. And SIM are a reputable business, given their long-term contracts, large order backlog and blue chip clients. Plus they're expanding into areas which have could potentially be extremely lucrative. So I will give SIM the benefit of the doubt and continue with my relatively small holding ready to top up at hopefully the right time.
Alphapig That made me laugh. I wish they had done me that favour many times in the past.
Encouraging to see today's RNS re the beginning of the buyback programme. Even only just over $100,000 of buybacks would probably have a big effect on the share price since liquidity is usually pretty tight. There's a good core business here, but there's huge upside potential given SIM's notable influence in one of the leading geographies of technology in the world. If SIM can grab a slice of what's available, for example in the virtual reality training arena which it's targeting then the sky is the limit: For example: "Enterprise Virtual Reality Training Services to Generate US$6.3 billion in 2022 PRESS RELEASE PR Newswire Nov. 21, 2017, 09:00 AM OYSTER BAY, N.Y., Nov. 21, 2017 /PRNewswire/ -- Virtual Reality Systems are increasingly being tapped by enterprises due to their ability to provide immersive training environments, accurately simulate dangerous situations, and avoid costly travel and equipment-related expenses. In many cases, consumer-centric Virtual Reality (VR) headsets, controllers, and tracking systems can be used with few modifications. ABI Research, a leader in emerging technology intelligence, forecasts that the enterprise VR training market will generate US$216 million in 2018 and grow to US$6.3 billion in 2022. Industries with high-risk working environments such as energy, industrial and manufacturing or construction are the early adopters of enterprise VR training applications. Technician trainings in industries such as the energy sector can be perilous, mainly due to the nature of the job where technicians work on offshore rigs, or in the utility sector where technicians work with power distribution systems. "In heavy industries, VR training prevents risks associated with training hazards such as safety of trainees in the dangerous work place or accidental damage of equipment. It can save time and money for the companies by providing realistic hands on experience to trainees without any work downtime," says Khin Sandi Lynn, industry analyst at ABI Research. Aviation and Maritime are other, more well-known, areas that also use virtual reality training programs for simulated training. Virtual reality can also provide immersive experiences which has an important role in keeping trainees, across all industries, engaged in their training. Companies which deploy VR based training programs have experienced a time savings up to 80%. The effectiveness of VR based training is recognized by retail and marketing businesses, too. "In fact, one of the world's largest retailers, Walmart, has deployed VR technology to train its staff. Walmart is planning to deploy the technology in its 200 training centers by the end of 2017," adds Lynn. Although VR training applications are still at the early stage of deployments, they have strong potential in the entire enterprise training space; tourism, sales and marketing, and athlete training are just some of the segments where VR training applications w
think there going to get quite scarce.
They're trying to do you a favour.
I've tried to buy some more of this company's shares. I might be mad to do that but the system didn't allow me. I then tried to sell some. I could sell. What does that meam?
When you do your research into whether or not to buy an individual share rather than an investment trust, a fund or a tracker, I think there are a few questions that need to be asked. 1) Does the company have any money? 2 Is the company looking forward i.e are its products a thing of today or tomorrow? 3 Management. Are they known in the city? Do they have money in the business? How long have they been in the business? 4 Price. How does the price I can buy them today relate to the company�s actual value , which is known, and the value , the guess, in a future time frame? 5 Liquidity. If things go well, or badly, can I get out of this position? Simigon ticks some of the boxes. Few companies tick all of them. I hold.
Off the wall thought: I wonder if in time this software will form the basis for automation of the process, both in this and other areas.
RNS today - $2m contract win now authorised and ready to deliver revenues including some for this year: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SIM/13434953.html I particularly like this comment: "This contract, in the maintenance training domain, is a new, lucrative vertical for SimiGon and will provide us with the experience and credentials to leverage for similar new business opportunities in other regions and other sectors."
Looks to me like someone has in 6 buys accumulated over £27k today. Don't blame him. Looks very promising. Quite where the price fall came from is anyone's guess. Spread is amazing.
Encouraging news today re the move into civil aviation - small in financial terms, but large in importance. Particularly as it's with the US FAA. This is another prestigious win for SIM. I assume that "Unmanned Aircraft Systems" refers to drones. This is a high-growth area which will only get bigger and bigger: Http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SIM/13350012.html Extract: "SimiGon President and CEO, Ami Vizer, said: "The selection of SimiGon technology as an R&D platform by the FAA is extremely significant and points to our evolution in the training industry, from military aviation to civilian markets and civilian UAS. This underlines the strength of the SIMbox ecosystem that we have developed and its capability to support so many domains. We are excited to work directly with the FAA to support advanced UAS R&D for the US Government. This contract win in the UAS arena is significant as the FAA completed extensive due diligence in researching SIMbox as the baseline software for its advanced UAS Research Simulator. We expect this Agreement to generate further opportunities with the FAA and other Government and Civilian customers in the future."
They could do with releasing some news. It takes on the basis of valuation but does nothing to encourage investors through letting anyone know what's been won for the future. If they don't fill the funnel it's only going to stagnate on the black of a cash pile.
Looks like they have tweaked their website
Paul Hill now has above 3%, or 1.596m shares (so around £300,000): Https://www.investegate.co.uk/simigon-limited--sim-/rns/holding-s--in-company/201708021435129274M/ I'm willing to bet it's this guy - let's hope he is indeed an "extremely shrewd stock-picker" :o)) Http://moneyweek.com/author/paul-hill/ "Paul Hill Biography Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute. Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited. Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker."
So...medium/long-term looks great. Short-term...not so great: Https://www.investegate.co.uk/simigon-limited--sim-/rns/trading-update/201707280700063688M/ The $8m+ cash pile alone equates to 12p-13p of cash per share. But I suppose a sizeable initial markdown given the H1 loss and the uncertainty re H2 is to be expected. If SIM come through in H2 with the contracts mentioned etc then this will be an opportunity, Until then it's a waiting game for patient investors....
6 month loss - that is a surprise. Pleased to see the explanation of expenditure is around protecting future returns. Just a blip I hope. Strong revenue expectations still and a marvellous balance sheet to support this. Couple of new contracts wouldn't go amiss though. gla.
Simigon has often been criticised for lack of investor relations. They hardly say anything , they don’t get themselves into the share tips mags, they don’t hold presentations selling the idea they are a good bet. Quite a few companies that I am familiar with have done all that and they are no longer quoted. These companies do this before they issue reams and reams of confetti shares just before they go bust. Simigon is not going to go bust.
As you said Rivaldo this is a great read from the CEO of Simigon and explains what they are up to very well for this under the radar stock.. http://www.cambridge-news.co.uk/business/business-news/aim-more-risky-simigon-worth-13385046