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flying today when it is only a simulator company. Aren't simulators usually in an office? Joking aside, I am happy to see this sprout wings. I got in at 26p which I thought was cheap but saw it rise to 30p and then sink to 13p. I was going to sell but it is one of the few shares that was able to reverse higher. It does suffer from lack of news flow but because the contracts they secure are large and lucrative it only takes one or tow a year to send this one err .. flying.
I slip out for a mornings gardening and look what happens. Not before time either. About time the market woke up to this one. Still grossly undervalued. TP
It's gone up! I thought they were a good price at about 30. I was wrong at the time, hopefully time will prove me right. And look at the PE, it's nearly over 10. Surely that's not allowed.
looks like I'll have to make do with 27k
Finncap have reiterated their 45p target here - a mere 220% upside :o)) Http://www.risersandfallers.com/2016/03/24/simigon-ltd-reiterated-as-corporate-by-finncap/
looking to top up c17p
@17.3p...pause for breathe...relax
shareminator..so close, but no potatoes
just wait for the herd lol ..tp:40p++
may be even crazier than yr numbers..the trading update didn't mention the near cash..perhaps another £1m++ of st investment ..we'll see next month..but this is the proverbial £5 note on quad unless dodgy imv
does it
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!
SimiGon technology selected by University of Central Florida SIMbox technology will be used to advance research capabilities for leading university SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that its SIMbox technology has been selected by the University of Central Florida (UCF), one of the largest universities in the U.S and an internationally recognised academic leader in the field of modeling, simulation and training. UCF is the first university to select SimiGon's technology and the agreement marks a further expansion of SimiGon's customer base following February's move into the Chinese civil aviation market, a new sector and region for the Company. SimiGon's technology will be utilised by UCF's Industrial Engineering and Management Systems (IEMS) Simulation Interoperability Lab in a simulation test-bed environment. UCF will tailor and adapt SIMbox to fit programme requirements, demonstrating the flexibility of SimiGon's technology which is capable of meeting rigorous and diverse simulation development requirements. In addition, the new link-up will enable SimiGon to draw on the expertise of one of the top research universities in the U.S. Dr. Gene Lee, Professor at UCF IEMS, said, "We chose SIMbox for its ability to develop, support and manage air, land and sea simulation entities and scenarios and its ability to quickly integrate with other solutions. They are a renowned supplier of training and simulation technologies for some of the world's largest training programmes and SimiGon's technology will greatly enhance our simulation environment and research capabilities." SimiGon President & CEO, Ami Vizer, said, "For our technology to be selected as a development platform by UCF, one of the largest universities in the U.S., and recognised as the academic leader in the Modeling and Simulation world, is further testimony to the strength of the SIMbox ecosystem we have continually developed and adapted. We look forward to supporting UCF research programs and leveraging this relationship to continue to develop and improve our advanced simulation development technologies."
See the RNS dated Monday 6th Oct 2014 for more info on the relationship with the uni.
not given
Selected by the University of Central Florida (UCF), the second largest university in the U.S and an internationally recognized academic leader in the field of modeling, simulation and training Taken from last year's full results, Monday 13th April 2015
where are the shares? ...wouldn't want to be out of this over Easter ..LOL
you have narrowly missed another rciesque recovery
I can sell 30,000 shares at a premium, whereas I can only buy 100 shares maximum at 16p!
but failed to leave hole before
Finncap have reiterated their 45p target here - a mere 220% upside :o)) Http://www.risersandfallers.com/2016/03/24/simigon-ltd-reiterated-as-corporate-by-finncap/
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): Http://www.investegate.co.uk/simigon-limited--sim-/rns/trading-update/201603240700101222T/ Plus 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."
Getting close to my 12p shout back in July last year
Particularly with the £/USD movement this company is looking solid. The share price is depressed on lack of news/scalability as people understandably want the big win. That may or may not be the case, but if it keeps ticking along as is, then a singificant % is being returned each year. With the diverse international customer base which is as blue chip as it gets and the level of specilaism in the product it's very well positioned to defend its revenue. Whether it grows it remains to be seen.