Concurrent Technologies Share Discussion Threads

[simon gordon] 13/4/2024 12:49

Two new positions:

Head of Product Marketing, USA

Bob Knoebel




Product Marketing Manager, UK

Nino Addamo




Both look quality!

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Wonder if we'll get a Notice of Results RNS this coming week.

[earwacks] 08/4/2024 14:06

Record revenue of 30 million isn’t painful
Though. Profit might be only 3.5 million but that is down to ‘significant capital investment in future growth.’ Miles did go round the house a bit on re-instatement of dividend, saying they were keen to pay a dividend based on company profit. We have a small profit! Maybe a small dividend? The big question is how the acquisition in Phillip’s is bedding down. An awful lot has been achieved under Miles in a relatively short space of time. I guess the results are fairly imminent, now the accounts are in order. Hopefully the only question is how good will they be. We know already about year end, it’s the future growth forecast that could knock this out of the park. I always get the feeling Miles is bursting to say more than he sensibly can

[t-raider] 27/3/2024 10:01

Painful watching the sharp decline in share price after all that hard work to get it where it was.

[jack the box] 16/3/2024 16:00

Gervais Williams, head of equities at Premier Miton, returns to Vantage. A long-term advocate of the opportunity in UK small and mid-cap stocks, Gervais discusses the low valuations in the UK market and what might unlock these. He talks about the recent UK budget, the spate of UK takeovers and what he means by having optionality in the portfolio. We explore his approach, discussing CyanConnode Holdings (CYAN.L, market cap £32m), Ondo InsurTech (ONDO.L, market cap £19m), XPS Pensions Group (XPS.L, market cap £473m), TP ICAP Group (TCAP.L, market cap £1.69bn) and Concurrent Technologies (CNC.L, market cap £80m). Finally, we give Gervais the soapbox and ask him what three things he would like to see changed to revitalise the UK market.

[mcunliffe1] 12/3/2024 12:35

Below link (sorry for length) will load the youtube video.

[mundungus] 12/3/2024 12:18

Interview with CNC CEO Miles and John Lee by the IC. hxxps://youtu.be/x1VQKVp722Y?si=4IzhISdYWpFtd9CI

[nchanning] 28/2/2024 10:40

Think it's clear that Miles wants to go big or go home . He's going to acquire and invest , borrow and place until CNC is either a much bigger business or something goes wrong . Personally I think he sounds like a very smart guy with a good plan that's already gained impressive traction , with what sounds like ten new design wins in 2023 and a very promising pipeline . When you look at H2 revenue and the momentum in the business the forecasts look very conservative for next year , look forward to some upgrades

[cfro] 27/2/2024 15:52

I just find it a little disconcerning that Miles is looking at the possibility of using a debt facility in the future. I am not sure what to make of that.

These once had £10m of cash in bank.

Neither am i that convinced that we will get to 2026/2027 to realise some nice big orders as i reckon we will be bought-out long before that. I don't rub my hands with glee on the prospect of that because i would rather they stayed independent, but i reckon that's the likely end-game simply because with geo-politics being as they are and with defense spending only going to increase (and larger defense companies using increase in orders and therefore cash-flow to make acquisitions) and CNC transforming into a bigger player in their markets, they will increasingly be recognised by some of the larger players if they are not being watched carefully already..

[fastbuck] 27/2/2024 08:54

Good investors Chronicle podcast with CEO with Lord Lee out todaySaid they will pay dividends from in year profits and cash. Long term demand / orders received will drive new business in 2026/27 as their product get designed-into product.

[hastings] 10/2/2024 09:30

Good to see further traction in the share price and hopefully the recent momentum on the business front will continue to gather pace.Having spoken last week with both FTC and PEN, it's clear that the defence and related sectors are extremely buoyant across the board.

[mcunliffe1] 04/2/2024 13:07

Afternoon all. First time I've looked in on this thread and recognise some of the posters handles from other threads.

CNC has been tipped by MIDAS in the Mail on Sunday. I read the brief report in their online edition.

Link Here:

That may explain the penny increase in the share price late Friday.

I see this company pays no dividends (yet) and that's my main focus. However, I have a small holding in Rolls Royce (jet engines/defence and not the cars) and they also do not currently pay a dividend.

With increased defence spending in many countries I'd like to think this share may flourish over the next couple of years - providing we are all still here by then.

[hastings] 04/2/2024 09:34

I would hope for north of that two or three years down the line

[bottomboat] 04/2/2024 09:26

Nice positive article by Joanne Hart in today's Mail on Sunday:



Do you think that we can get back to the previous all time high of around 120p?

[hastings] 04/2/2024 09:05

Tipped in Mail I see!

[earwacks] 29/1/2024 10:14

Seems to be a lot of stock being sized up for takeover. Not sure it’s such a good thing in the long term. The uk market and particularly Aim are short of world class companies. I doubt we would get a bid anywhere near what cnc would be worth in say 5 years. The danger is that if rate of takeovers continues at last years rate Aim will be full of more dross than it already is. As nice as a takeover feels at the time, I lost two companies last year well short of their potential. it takes time to find these companies , getting to know and build confidence in the board and then suddenly it’s all over for a short term gain. Very frustrating. This latest rise may have more to do with more new tech from Cnc as mentioned in news letter . A product called ‘TSN warfighter’ for vehicle architecture. Also the attendance at an embedded tech forum in US. All on the website which you can sign up for useful email news updates

[cfro] 29/1/2024 09:22

I put the rise in the share price this morning down to the escalation of hostilities in the Gulf region as the defence sector as a whole is up..

Obviously more and more emphasis by the investing community is being placed on such companies like this as the world balances dangerously on the knife-edge of WW111, plus with the company finally getting it's house in order and rising up the ladder of prominence in it's industry it's definitely not going un-noticed.

With all that in mind i just wonder if we are now at a time and place where we will see a bumper bid come in. Just a thought.

[valhamos] 17/1/2024 13:33

Under promise and over deliver is best. I am just happy with the promise of material revenue growth in 2024 following a period in which revenue was constrained by component supply issues.

[hastings] 17/1/2024 07:41

Some not sure as to whether today's announcement is ahead of the recent upgrade. So, just to confirm.trading update – Third forecast upgrade for the yearConcurrent Technologies has released a FY23 trading update to 31 December 2023 highlighting revenue around 5% ahead of expectations, at over £30m, with adjusted PBT slightly ahead of market expectations. This follows the strong trading update on 27 November 2023, when we increased our FY23E and FY24E revenues by 9.0% to £29.5m and 10.8% to £33.3m, respectively. Today, we have further increased our FY23E revenue and adjusted PBT forecasts to £31.0m (up 5.4%) and £3.7m (up 6.0%) respectively, our third upgrade since the H1/23 results on 19 September

[hastings] 17/1/2024 07:11

TU out and all looking excellent with record revenue ahead of expectations and adj PBT slightly ahead, even after significant investment.More importantly, the current year looks set for further progress in buoyant markets.

[hastings] 10/1/2024 14:36

Trading Update will be later next week or early the following week, I believe!

[thebd11] 10/1/2024 13:38

The liontrust micro fund requires 3% ownership from management - which post the new team Miles etc no longer has. Technical seller at worst and nice to clear the overhang!

[mortimer7] 10/1/2024 12:31

They stated a trading update would be issued early January (on 27th Nov).