Provider of simulation solutions announced encouraging results for the year ending 31st December 2012.
Greater Modelling & Simulation market is valued at more than $20 billion annually, (according to SimiGon’s 2011 Annual Report!) and the projection for the global eLearning market is $107.3 billion by the year 2015. The market growth is driven by reduced costs, simplified training and a dispersed workforce.
Looks an exciting cash rich business
New research note at http://www.investorschampion.com/research/company/simigon/

Shares View today - Super strong SimiGon


It is hard to find fault in half-year figures from high-tech simulation training specialist SimiGon (SIM:AIM) which falls 7.2% to 35.25p. A real curmudgeon might quibble over lower margin hardware kit that’s stripped gross margins from 71% to 65% year-on-year, or the 23% increase in sales and marketing costs, but even so, these are outstanding results.

The important bits are strong revenue growth, managed costs and brilliant cash generation, giving net cash $8.45 million, almost a third of the £16.6 million market value.

‘Looking ahead, we have excellent revenue visibility, a strong order book in place and an encouraging pipeline of business leads, which leads us to expect that revenues for the full year will be slightly ahead of market expectations,’ spells out chief executive Ami Vizer. That’s about as upbeat as an investors might reasonably wish to read.

Notice of AGM

RNS


RNS Number : 8781T

SimiGon Limited

25 November 2013




25 November 2013



SimiGon Ltd

("SimiGon" or the "Company")


SimiGon today announces that the Annual General Meeting of the Company is to be held at 9:00 a.m. Eastern Standard Time (2:00 p.m. GMT) on Monday 30 December 2013 at 7001 University Blvd. Winter Park, FL 32792, USA.



A shareholder, who would like to attend the meeting in person or join via conference call using the dial-in details below, should follow the instructions as specified in the Notice of AGM.

Results in line, plenty of cash but can this one get really motoring?

New research note at http://tinyurl.com/nczqrdq