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Too quiet here so I`ve thrown in the towel. Good company but funds better employed elsewhere. I may well return but good luck to all who remain. TP
Things can only get better! lol TP
Hi tarquinpike Hope you are well. I think what we’ve got here is a paradox .It’s not that we’ve bought a bad company, we’ve bought a company that’s too good. How good I don’t know.
Could`nt agree more. I bought in mid 30`s so kind of stuck. Healthy company, good sustained revenue stream so not worried that this will crash and burn but difficult to see where its going to get back to my buy in price. A big contract win I guess. TP
It’s difficult to know what do with small stocks. With the stocks you hold no matter what, because they pay you and you feel comfortable with them, and will leave them to someone else when you’re gone, you don’t worry. The tiddlers sometimes get eaten if they are good and spat out if they are bad. And that happens before , during or after huge price changes. This is a good company. It’s just the price you’re in at and how long you want to keep hold of the rope that will determine anyone’s actions.
I think they are buying themselves. This could be one of those rare occassions when a company going private could actually benefit the small guy. Let's wait and see.
That's almost 450,000 shares bought in 4 OK (institutional?) trades over the last few days. Even thought the share price is unchanged, there are many reasons for selling, a number of which have nowt to do with the company itself (change of fund manager, top-slicing, overweighting in portfolio etc). Whereas there is only one reason for buying. Interesting to see what news flow we get in the next few weeks. There should surely be a holdings RNS or two at the least.
Another 100,000 bought today at 25p....all of this has to be some sort of institutional or corporate buying.
don't this share price move yet so many big buys?
in a late trade reported yesterday. Big stakebuilding going on. Contract or acquisition news soon perchance?
Nice 146,460 share buy at 25p just reported via an OK (institutional?) trade.
Someone is having a sniff at last
Another large buy - more holdings announcements to come hopefully
Enclosed is a clause from last reults- By adding a new solution for virtual maintenance training to its product offering, SimiGon will be able to build upon its past performance to succeed in a growing market for aircraft technician virtual training. The same technology, training aids and methodology delivering advanced training for aircrew is now leveraged for maintenance staff training, saving organizations considerable time and money with a single training technology backbone. This comprehensive solution is already being marketed worldwide and will contribute to the Company's market share Reading this carefully it says that they have developed and are marketting a set of new systems that cover maintenace of aircraft. This is where the growth is going to come from apart from existing business. Well all kept vague and low key really, but looks like the news will come out and Simigon will be seen to not only have cash but growth potential as well. Now know can see why broker has 45p target price.
Now we know who bought some of those shares - Axxion SA have increased to 3.5m shares, or 6.81%: Http://www.investegate.co.uk/simigon-limited--sim-/rns/holding-s--in-company/201610050700096984L/ Axxion are pretty big - 130 funds and 5 billion euros under management: Http://www.axxion.de/en/axxion/ueber-uns/zahlen-und-fakten.html
Finncap have a 45p valuation here, so there's plenty still to go for. Great post from Charlie51 there. It would seem that the Jarvis overhang has now been cleared and everything is set for progress from here.
from iii 15:17 Re: Small free float - ready to go SIM.L charlie51 I met the management at an investors meeting - one of a series organised by finnCap for their clients and IIs following the results. The session was based on a 40 minutes or so presentation of the H1 results. Nothing in the session could be described as being 'inside'. The transition to SaaS from the on premise paradigm is common place these days as companies seek to smooth revenue profiles, make life more predictable and satisfy the market's understandable desire for greater predictability and visibility. SIM would say they have flagged this up - they have, but it has been rather discreet (hence my comments on the need for better IR). The main points I would stress here are: The move to a recurring revenue model is progressing well. The company's pipeline is the best it has ever been. They are successfully diversifying into areas other than military centric simulation. The company is moving to a model where it is looking to 'prime' contracts rather than be the sub (ie increasing control in all that it does) I have repeatedly stressed to the CEO the need for a proper IR plan. I am not alone in doing this. I believe they agree it needs to be done, and are looking to act sooner than later. If there is one immediate example of this it is for the H1 presentation to be placed on the company website! It is not and it should be. There is no doubt in my mind that the CEO is a very competent individual who has a real grasp on his business - he just does not communicate it! I have suggested forums such as ShareSoc, Mello, Shares etc .,. Hopefully, this will happen - not to mention some proper IR related PR. The PR is lousy at present. Niche company, and a very interesting one, but too discreet for its own good!
very encouraging. Still a bit off my 30p b/e. Having said all that I anticipate a value here of 38-40p p s and won't be offloading until then (if then). gla
jolly encouraging ..ev/ebit way to low imv
Seemed a real brick wall. Maybe the dam has burst!!! TP
but as cheap as chips if kosher imv
Well, fingers crossed. TP
missed my double up sub 20p ..tp 30p++
Great to see the share price marked up on huge volumes today with 6.3m shares traded already. I can't see a shareholding precisely matching today's trades - should see an RNS today or Monday.
Interesting to see the latest list of major shareholders from the SIM web site as of a few days ago - 63% is tied up in these hands. Great in particular to see Herald with 9.9%. With Yorkville now finally completely out, having sold 4.6m shares in the last year or so, perhaps the way is clear for a decent share price advance on any further contract/partnership news: Date of information: September 12, 2016 Major Shareholders A. Vizer / A. Vizer Holding Ltd 21.70% Jeffrey Braun 12.83% Herald Investment Management Ltd 9.90% Green Venture Capital Ltd 6.02% Jarvis Investment Management Ltd 4.75% Guy Poran 4.46% Shroder Euroclear Nominees Ltd 3.36%