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good
Finncap reiterated its target price of 45p for SIM: Http://breakingfinancenews.com/investing/finncap-announced-lonsim-simigon-ltd-renewing-its-stock-price-target-at-45gbx-earlier-today/26746/ And the interims will be out on Monday 19th September - I always like it when I see results are to be announced on a Monday morning as it's more likely to be good news! Http://www.investegate.co.uk/simigon-limited--sim-/rns/notice-of-interim-results/201608230700078363H/
Hi Rivaldo. I wouldn't get too worked up about a small rise today. This is a slow burner and if it's not , it's a flash in pan. A pan that's been cooking several years now.
Up 1p on just one 10k buy at 20p....
Amazing - online you can only buy a maximum 900 shares at 20p, whilst you can sell 40,000 at 17.6p. Any decent demand should see some very nice things happen.
Two 515,000 trades, both at 19p - perhaps more to come, or perhaps just an institutional swap of some sort.......and three 10k buys just now have been rewarded with a tick up (and widening of the spread). Encouragingly, online earlier I could sell 40k shares at 17.25p but only buy a maximum 5k shares at 18.98p.
A great share with market cap of £10m and cash/recievaables of £8.5m and profitable. Finncap says- 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.
SIM's $11m and rising cash pile and receivables is now worth around £8.5m at current pound/dollar rates. This compares to a £9.4m m/cap. Forecasts are currently: this year : 1.89p EPS, 0.49p dividend next year : 2.17p EPS, 0.49p dividend Again, these forecasts will have to be increased by a significant amount in sterling terms at current rates. And the dividend will be worth materially more to holders - say 0.55p now.
With SIM revenues being US dollar based, the weakening pound should be beneficial for us - purely from that perspective. However, overall we are shafted with more expensive imports.
Looking good online - you can only buy 15k maximum at 20.9p, whilst you can sell 35k at 18.5p. Hopefully any buying should result in another tick up.
Another $2m this time - for a £9.3m m/cap company with probably £6m+ net cash now: http://www.investegate.co.uk/simigon-limited--sim-/rns/new-contract-win/201606200700086176B/ And entry into a new market for SIM "in the provision of maintenance simulation training solutions in addition to its advanced training solutions for pilots".
in dreary bearish markets
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 dividend And of course SIM also has that huge cash pile
Still waiting for the divi to filter through. Sp fairly static at the mo. gla.
It's ok, I didn't take offence - too thick skinned. In fact its all part of life's tapestry of learning. I find out new things about investing everyday on these bb's. Usually don't take any notice of all the advice being proffered and that still hasn't made much difference to my pf value as I always seem to be late to the party. SIM will come back to my stake, and more in time. That much I'm sure. It's just a need to be patient. gl.
Hi rgm 45. I think I might have had a beer too many when I wrote last. The low free float, and therefore low market cap makes it difficult for large buyers. I accept that. Some are not allowed to buy companies below 50 million and especially those with neglible trading volumes. Extremely difficult for them to reduce their holding, should they want to without sending the price down dramatically. That's if they can unload them. I noticed the CEO sold some shares a while ago citing 'institutional demand'. We may see some more shares coming onto the market, but at what price I have no idea.. Anyway, for a minnow with a cashpile and this new contract, I do remain very positive. Some might say, what's the use of a cashpile if you're not capitalising on it. Others might say, I've been in companies with no cashpile, just debts, and more debts, consolidations and finally receivership. I don't think that's the case here.
methusala - I bought in here on the basis of the fundamentals. Didn't even give the share issue a thought other than checking out Ami Vizer's ownership/executive standing. Not concerned about long-term value as long as P&L performance stays good. Just feel that no-one is chasing shares and that is pegging back an undervalued sp. gla.
Looks like a long term thing here . Dividends promised , Net profit up over 30% ......Bottom draw .....lets see where it go's eventually .
The price jumps and everyone comes out of the woodwork with free float stats. Surely everyone knew how low the free float was when they bought. If the free float is really a problem why not buy a company with 100% free float and 5 billion shares, rising to 6 billion in a few months time.
...that the new contract is with Malaysia Airlines? LoL
Only 28% of the shares are in the publics hands . Only 51 million shares to start with . So about 16 million shares for the common people .
The published spread has narrowed a little to 19p-21p, but ALWAYS ignore this - you can usually buy (or sell) well within the published spread.
Hardly an encouragement to buy At least we`re heading in the right direction though. TP
Looks like the MMs took a huge order and are trying to fill it at a set price . Lol . Order near M Cap on its own .
12 times more buys than sells and it stays here all afternoon ?