Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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%
As Rivsldo says the move to longer term revenues seems to be the reason for lack of market support. Probably the static EPS creating some lack of sp impetus. It should of course be the opposite as all the targeted sales and direction are promising long term rewards. As said cash+ is almost worth this so on its own. Additionally we now have financials which will support dividend payments ongoing which is relatively new for the company - now an established stock. I'm delighted with company progress, just have to wait for Institutional Investors to recognise the value here. gla.
Overlooked results from Simigon,profitable, cash nearly same as market value, share price too low ,should be at least twice this price in my view.
Nothing wrong with that, there rarely is here but the the market seems strangely apathetic towards these shares! We`ll see. TP
Cash and receivables now amount to around £9m - not far off the entire m/cap. I'm pleasantly surprised by the small increase in H1 PBT to $0.81m - the transition to longer-term revenues and the impact on numbers in the shorter-term was flagged long ago, so I was anticipating a fall in PBT, though with considerable medium and long-term prospects. The current share price could be justified on the basis of PBT alone - doubling up H1's performance would give £1.2m PBT for the year against the £10.9m m/cap. Yet here SIM are with not far off £9m liquid assets after deducting payables.... The list of contracts won, blue chip customers and prospects is extremely comprehensive and impressive.
News that the USA have agreed to give Israel $38 billion of military funding over the next decade: Http://www.reuters.com/article/us-usa-israel-statement-idUSKCN11K2CI It's the "largest such aid package in U.S. history". In particular: "-The funding will allow Israel to update "the lion's share" of its fighter aircraft, including purchasing additional F-35 Joint Strike Fighters. Israel is scheduled to receive 33 F-35 aircraft, the first two of which will be delivered in December." Hopefully some decent work for SIM will arise out of all this. A small portion of the $38 billion would do nicely!
Plenty to go for here.Currently 21p Finncap reiterated its target price of 45p for SIM: the flight simulator company a specialists in drone training simulators ,a market growing at a rapid rate. Has £8.3 million cash + recievables yet only valued a £10million. This company is profitable but hardly followed and overlooked. Results should be v good and likely to be rerated.
?
Hello Jolly, your comments are becomming more and more ambiguous or disingenuous. I can't decide.
lurkin
Transaction and notification dates are very odd. Mistake there methinks.
Be interesting to see if these are taken up across the boards or by one buyer. To say that these have maybe kept the sp down this last year may be true, but it hasn't been easy picking up many shares without a wide spread being applied. I watch with interest. gla.
Interesting RNS just now - Yorkville have now completely sold out, having sold 2.4m shares: Http://www.investegate.co.uk/simigon-limited/rns/holding-s--in-company/201609121503425959J/ They last disclosed in June'15. when they had just over 4m shares. So they've obviously been selling down ever since and keeping a lid on the share price. Could be an interesting time ahead if this means the clearance of an overhang.
It might be 30p. It might be where it is at the moment or lower. It might be 50p. The question is: does Blue Horseshoe love us?
Keep it up. 30p by the end of the year? Certainly warrants it. gla.
Good to see the upwards movement on small volumes. Not much stock around.
I to am comfortable, even though I came in at 30p about 4 yrs ago I think. Was 60% down at one point. As they say no loss (or profit) until we sell. Confident of a good return in the long term and will wait another two years before I review my position. Unless something drastic/fantastic happens of course. gla.
That resistance might not put up much of a fight. It could of course, lets face it we don't really know. I've been here for about three years now and I've been underwater the whole time. I've not felt too anxious about SIM though, as I have with some others. Maybe it's the cash they have, maybe it's the fact they don't issue tons of shares, or the fact they provide a service with a forseeable future. Or they are building a dividend history, Or the fact they don't feature as a hot stock to buy in some of the rags that purport to give investment advice.
with quite serious resistance above 22p..I need decent margin of safety..19.9??
Chuck some more petrol on it!
dawn..tempting to double up ..but when/wot sp??
fire
oh er missus ..hope all well with you, and that you have plenty of cash 4 crash (opinion only/not advice!!)
Hi Jolly, hope all is well. My bottom drawer dept is starting to twitch! TP
from advfn Plenty to go for here. Finncap reiterated its target price of 45p for SIM: the flight simulator company one of the specialists in piloting drones. The interims will be out on Monday 19th September Should have cash nearly at market capital ,it certainly is cheap at under half brokers target. Also another order coming ? "Reciprocal Procurement For The F-35 Project Reaches New High (Monday, August 15th, 2016 01:30 PM) The Ministry of Defense, continuing its countdown to the December 2016 arrival of Israel’s first F-35s, last week completed its semi-annual data summary. In the framework of the industry cooperation agreement signed in 2010 by the Defense Ministry’s Procurement Department and the plane’s manufacturers led by primary contractor Lockheed Martin, NIS 3.8 billion ($993 million) worth of reciprocal procurement transactions have thus far been signed. Since December 2015, new deals amounting to 835 million NIS have been signed, marking a 28% jump in reciprocal procurement. Since the start of 2016, the Israeli defense industries have succeeded in increasing its contracts with Lockheed Martin on the project.... ....Other Israeli industries involved in the manufacturing of the aircraft subsystems and operating software and training include: SimiGon, the developer of the aircraft simulation program...."