The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The Directors believe that it is not feasible for SimiGon to put a formal post-Merger liquidity scheme in place for its shareholders; however, it is Maxify's intention to provide shareholders liquidity by consummating an initial public offering and listing of its shares on NASDAQ (the "IPO") as soon as practicable following the Merger.
Outstanding
50% spread is horrible…..can such a gap be justified by MM ????
· SimiGon shareholders are cautioned that the Delisting will significantly reduce the liquidity of their shares pending the potential listing on Nasdaq. There will be no trading facility put in place to enable shareholders to trade their shares following the Delisting and there can be no assurance that the listing on Nasdaq will be consummated or will be successful.
Read all of RNS ,
The consideration per share to shareholders of SimiGon ("Merger Consideration") is expected to be $0.165 per share (before any upward adjustment in the relative valuation of SimiGon), that represents a premium of 226.86% to the average closing price on the AIM Market for the last 12 months, a premium of 250.66% to the average closing price on the AIM Market for the last 6 months, a premium of 285.54% to the closing price on the AIM Market on the last full trading day immediately preceding the public announcement of the Merger and a premium of 285.54% to the closing price on the AIM Market on Thursday, 13 January 2022 (being the most recent practicable date prior to the date of this announcement).
Outstanding
Could be locked in till ipo. No way to sell stock will put some off.
Up to 12p ,is a possibility.
It`s been a long wait
Outstanding
Possibly near 8p maybe.
Outstanding
Maybe not then.
Outstanding
AVOID! YOU HAVE BEEN WARNED!
The very definition of a value trap: cash out every year (USD):
`17 of (1.72)m
`18, (169)k
`20, (1.74)m
Have you seen the CEOs remuneration lol
This is only 0.66% of my portfolio. Now I know why.
S
Same SP as in Nov 2012 and huge spread.
I foolishly put money into this in 2019 with hopes that it would grow as it seemed to be getting some solid contracts.
Cut my losses when it did not live up to expectations.
Good Luck if you hold any of these. If you are thinking of buying these pay due diligence before spending your hard earned.
GLA
Gal Erez bought a recent 100,000 tranche of shares. In fact, he's bought another 450,000 shares, and now holds a total 2.075m, or just over 4%:
Https://www.londonstockexchange.com/news-article/SIM/holding-s-in-company/14801373
As I said before, as former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has relevant sector experience. It'll be interesting to see over time whether he has good reason for building this stake.
Gal Erez has gone above 3% by buying another 100,000 shares. He now has 1.625m shares:
Https://www.investegate.co.uk/simigon-limited--sim-/rns/holding-s--in-company/202010141649031171C/
After a quick search, the most relevant Gal Erez I can find is this one:
Https://en.globes.co.il/en/article-former-israeli-defense-co-developing-uav-for-cell-phone-networks-1001048316
As former Chairman of Light & Strong (he's not there now), he was heavily involved in an "Israeli telecoms UAV" company, so he certainly has much relevant sector experience. Is he buying shares purely as an investment, or as something more direct?
Good to see anyway.
still overvalued imv
would need to be half net net (c3p if one's being harsh) to tempt me,
& even then the remorseless neg fcf would be offputting
gl, all
It certainly requires patience, yes.
Agreed on both counts - was just going by the figures and statement above. And they've stated they're looking for an acquisition.
Frustrating though, isn't it?
It isn't impossible to sell, but you are right that the spread is quite large (6.4-5.2 when i last looked). that is not 40%, and is more like 19%.
If news comes of an acquisition with all the cash they have, and this can push the revenues up to where they were when profit was made, this share will look very cheap.
Impossible.......... to sell!
From what i gather, they are already good at what they do so would be looking at something specific which they don't do. They have plenty of cash so it depends on how much they're looking to spend. if they can get their revenue back up from 4m ish to 6m ish, then this will look even cheaper than it already is.
I have noticed some strange movements in the price over the past few days, and some trades which seem to match up (nothing huge, though).
Will they have to raise funding to complete this - possibly?
"SimiGon is in the enviable position of having both the financial ability and support of key shareholders to make strategic business acquisitions that will help expand into key market segments" said Mr. Sarnicki.
https://www.investegate.co.uk/simigon-limited--sim-/rns/simigon-m-a-team-seeks-strategic-acquisitions/202005260700148307N/
Checked on the website for news as LSE is so useless and there is no apparent reason for the so-called 20% rise today [probably one small buy, following one slightly larger buy a day or 2 back, NB the 40% spread!!].
Came across this:
"SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the establishment of a Mergers & Acquisitions (M&A) team.
SimiGon’s M&A team, led by Chief Operating Officer, Jack Sarnicki, will perform financial and technical due diligence on suitable acquisitions. The Company is seeking to acquire simulation & training businesses that are aligned with the Company’s strategic focus in the Government and Commercial training and simulation market. "
Maybe it's gone quiet on the Western Front, and they're looking for another one!
This seems to be at a low price for no other reason than it isn't popular at the moment?
Market cap of £3m, cash of around £4.7m and a NAV of around 15p per share, I think.... 52 week low.
Got your update! Not the greatest, and on one of the worse days of stockmarket history.
Down 13.3% on net sales of just £1,575! But today it's not surprising. However the need now for remote working may energise that side of things, and Simigon's VR offering may find much wider applications in that environment than it does now.
In time, and maybe at a great price, the virus will be overcome or at least brought down to a much lower level. But the necessity for isolation and working from home may change many working practices, especially in view of the even greater problem of climate change. Perhaps after this there will be more willingness to face the facts and bite the necessary bullets on climate change, and VR may be part of the technological solutions.
Surely due an update.
£3MCAP. Half the cash in the bank??