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Simigon Ltd

  • BY: Andrew Hore |
  • POSTED: 10/02/2015 |

House broker finnCap has upgraded its 2014 profit forecast for SimiGon Ltd from $1.1m to $1.3m following its trading statement. 

The simulation training business made a profit of $1m in 2013. Revenues are expected to grow from $8.2m to $8.6m so margins have improved. The dividend is expected to be increased from 0.5 cents to 0.6 cents.

SimiGon should be able to secure follow-on deals from its current contracts.

At 24p a share, up 3p on the day, SimiGon is valued at £12m.

There is still more than $9m in the balance sheet.

AIM Journal January 2015 available.

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