The Hong Kong troubles are complicating things, and may do so further. The mainland students are and will always remain completely loyal to China, and the Chinese view of the world. Employers and users of Hwawei tech should be aware of that.
"SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it was awarded a further strategic contract with the United States Air Force ("USAF") to provide Virtual Reality (VR) systems for Columbus Air Force Base (the "Contract").
This Contract further strengthens SimiGon's position in providing Virtual and Mixed Reality technologies for training.
Awarded as part of a USAF-wide, rapid innovation effort, the Contract clearly demonstrates to the market that SimiGon is a reliable integrator and supplier of VR and MR systems for its clients."
So the recent BPA may be working. Hope so as I went in head over heels on that basis. Market cap and cash may be almost on a par now. High potential business in for free, but so far a loss making business. So more contracts will be very good news.
Qualifies for 2 screens on Stockopedia, interestingly while one is in Bargain - expected - there is also one in Quality: R&D breakthrough.
"Patience, my boy, patience..."
PS. The scary bit is that "rapid innovation effort". Why would that be happening in the US DoD?? The premise of the BPA seems to me to be that speed is more important than value for them at the moment - not that SIM is not value for money, but that they don't want departments taking time on long term hunts for the ultimate bargain but getting on with it. In summary, what are they gearing up for?
Agree that the figures won't look up till H2 results, though the September update will give us a much more positive slant on top of the H1 figures. But the H2 figures could be really great, and I don't want to be out of the share in the run up from now till then. Investors Chronicle are always down on IQE, but they never give good reasons, and their record has been so bad on other shares I have looked at/bought that now if I am considering buying I heave a sigh of relief if I see they are sellers. Really. And for me this RNS really has important content: contracts are contracts. As for capacity, I went round the plant on AGM day, and at the moment there is room for 100 machines, of which 10 are in place and 4 in production. So even if the current machines were at maximum output, which I think is unlikely, they could bring another 6 online very soon. They will know now what the demands of the next few months will be. Roll on when all 6 really are needed! Still absolutely a strong buy.
Anything less would be gutting, this is a really promising business. The contracts and openings - and awards - just keep on coming. The possibilities are widening (into hospitals, for example). I don't really see why they are even considering (ie wanting to?) selling: the combination of being cheap a nd people wanting to buy seems to me a reason to hold, not sell. The enquirers just want a bargain. Doesn't add up. The new chair, Bill Russell, is based is the US. I don't mean to slang him but I wonder what real connection he has with the business. Maybe if his connection is pretty small, and ACSO is small fry compared to what he is used to, does he just see the opportunity for a quick buck for all involved? I can also see why some of his mates in US tech might be very interested in this and be pushing for the opportunity. I just hope there have been several enquirers, and not just 2. It's really a good company. Don't lets sell it off cheap.
Agree re the goose posts. If you back it, say so and say why. If not, say so too, and say why. Always astonishes me how when a share's done well people appear saying how it will double and treble - or more - from there, but never justify it. Likewise at the other end. Not being an accountant it's one of the things I look for in a top, or bottom: psychology has its role to play, especially at the extremes. But I really read carefully those who put out the facts, and the reasons for the stances they are taking. Thanks to all who do!
I would like to invest here. But they sell to a certain large country, which is using camera tech not only to imprison +/- 1,000,000 people in camps in its far west, but also to monitor the rest, even for facial expression indicating contentedness or otherwise and thus threat level. No.
"APAC revenues grew by 45%, represented by growth of 35% in Australia, 267% in ***** where the Group’s software was selected for ********* Airport, to manage a network of 9,100 cameras, and 26% in South East Asia."
"Specifically, the selection is for Surface Transforms to be the sole supplier of the carbon ceramic brake disc option on one axle of a new edition of an existing well-known model of German OEM 5. The existing model already uses carbon ceramic discs as an option and therefore the forecast production volumes reflect this experience. "
Interesting. We must be replacing an existing supplier, as I read it. That takes some doing, and if all goes well says a lot for who will get the contracts for new models and new option offers on other models. Very promising.
No wonder he ends with this: "This is a very good day for Surface Transforms and we look forward to further extending our relationship with this major new customer."
While I didn't particularly warm to the board, I personally have no memory of Tim Pullen or anyone else being impolite. It would have really riled me, and I was listening. But agreed, Tim did say he had a lot to do and was not reading the bulletin boards.
I don't remember the exact words at the AGM but I'm sure it was stated a couple of times that the supply chain would , first, be leaning towards towards Asia now, and not the US; and second, that it would be permanent. That agrees with your supposition, Gotrader.
I went to the AGM today. I'm no expert, with no business experience, but I've got a lot invested here (as had other PIs there) and it would be silly not to go, in my mind. My 2nd ever AGM, and I'm very glad to have gone. FWIW these were my impressions, apart from the info already given:
1. I study the reports and updates carefully, and I've been very aware of how many irons they have in the fire apart from smartphones/VCSELs, it's why I am invested so heavily, but going briefly round the Newport plant it really hit me between the eyes the real SCALE of what they are aiming and preparing for. The building is vast, all looking very new (yes, I know it's refurbished), truly with the room for expansion they have talked about. Why would they spend so much redoing such a vast place if that is not what they know could be needed? You could see the row of 10 rooms with the machines, of which only 4 are in production, so each machine must be delivering product worth millions every month. The potential they are clearly preparing for in the long term with 100 machines in that centre is mind boggling. What came across to me is that that is what the whole place is preparing for.
2. Nelson's presentation was interesting in that although it took some time there were so many areas and potential lines to talk about that he was barely skimming the surface in each. Maybe it will be on the website by now, I hope so and will view it again.
3. Personally I was not charmed by the directors, perfectly nice people though they seemed to be. It was a huge contrast to the AGM last year of Tristel, a much smaller and less ambitious company: where there were many more people there, including professionals, a very positive atmosphere, a sense of being valued... and a good spread! What came across to me today was a sense that the AGM was a necessary evil, that they were not looking forward to but had to do. We PIs were too few, largely older and often looking very out of place (to be kind!), and I can understand if to be honest we are simply not the investors that matter to them. They have to do it, and maybe be uncomfortable and field some awkward questions in the process (few, in the end), but in reality they have much bigger fish to fry. I came away feeling like one of those little fish on nature documentaries that follow round under the belly of a shark! However maybe those fish do rather well...
4. I think their problems are largely outside of their control. What they can control is going ok, if not well, but Trump and Huawei are not in their control, and unfortunately could escalate even further.
For me, they've taken a massive hit and I wouldn't sell now, I would be tempted to buy if I wasn't in so deep already. I'm more convinced than ever of the potential: though I wish I was more technical and knew more about their market. If they're not lying, and I don't think they are, the potential seems truly huge. But geopolitics could still be u
Fortunately I topped up PTSG in May, so v happy with that. The takeover points out to a learner like me that sometimes waiting for the trend to change is unwise with a good company like them, or INSE. Value is value with a good company? PTSG did have the advantage of compliance based revenue.
So I'm taking your advice and topping up here, heavily for me. Only sorry I didn't take follow you out of Somero!
Next stop ACSO? Been painful, that one...