Concurrent Technologies Share Discussion Threads

[jailbird] 06/3/2006 08:34

profits takers/traders selling on news, it looks..I would hope these to move up later on.

[quotes_4_u] 06/3/2006 08:33

Cracking results H and you're on a winner long term.

I've took my profits after buying at 27p, need the funds for
trading elsewhere.

Best of luck although with this soon you wont need it.

[habayyut] 06/3/2006 08:10

james

keep hold of them as in time as cnc go up in value, bigger fish with be after stock. with such a limited free float, these will pick up very quickly throughout the year.

i will continue to add as the results are very very bullish. markets in usa and china are opening up.

[skiboy10] 06/3/2006 08:10

Habayyut - Thanks for the tip Friday on the EME thread :o)

[neguss3] 06/3/2006 08:10

40P Plus gents

[james t kirk] 06/3/2006 08:08

And you can only get 1,500 online - just did twice as small top up...

[habayyut] 06/3/2006 08:05

any any trades of significance...over nms will be reported late by an hour or two.

[skiboy10] 06/3/2006 07:49

Only WINS are open at the moment...

Great results this morning....

[james t kirk] 06/3/2006 07:47

That would be nice, it's a quiet opening but I guess if the buys start flowing, we may see 40p today? Not wanting to get too far ahead of myself. I'm also out soon for the rest of the day, so will check in when I get a chance.

[habayyut] 06/3/2006 07:36

the co presenration at 10.30 should be very good. i can see insti's will be very interested in a company doing as well as CNC.

i am expecting at least a 3 bagger from this co by y/e.

[james t kirk] 06/3/2006 07:29

Nice steady rise all week would be good, time for this company to get re-rated.

[rosethepose] 06/3/2006 07:27

Worth also mentioning that CNC have one of the hottest R&D teams in the field in the world and they have the backing of Thales. It may be a niche market but they are the leaders in the field.

[habayyut] 06/3/2006 07:19

JTK

PLUS they have 4m in bank too, all this from a company valued at circa 20m!! they are looking to expand in china hence a BD manager in beijing.:-

Financial Highlights

* Continued improvement in market conditions with 2005 turnover up 51% on
2004

* Pre-tax profit up more than 550% at £1,453,087 (2004: £214,580)

* Year end net cash £4.0m

* Gross margin improvement from 43% to 46%

* Final dividend doubled to 0.50p making a total of 0.75p for the year (2004:
0.50p)

Operating Highlights

* New robotic assembly line installed for increased capacity

* New product range launched

* Business Development Manager installed in Beijing, China

* Focus on defence and communications sectors, particularly USA

[rosethepose] 06/3/2006 07:18

Results ahead of market expectations with over 5fold increase in profits to £1.453m. Earnings per share incresed to 1.59p. Total div for year raised to 0.75p. £3.978m cash in bank and no borrowings. All good news plus prospects for 2006 bode well including strengthening presence in China.

[james t kirk] 06/3/2006 07:07

Habayyut you spotted a winner here, profit £1.4m turnover up 51%. Excellent outlook - can't find any negatives really.

[quotes_4_u] 03/3/2006 15:33

Closing limits are 29.8p bid for 25k v 30.5p offer for 15k.

[james t kirk] 03/3/2006 15:02

Thanks Habayyut, good brokers note..

[habayyut] 03/3/2006 13:47

positions being taken

the 50k trade was a buy based on time it came through.

[habayyut] 03/3/2006 13:33

Here it is, took ages finding it from my hard drive, id misplaced it under a different folder.: -

Concurrent Technologies plc

Update
BUY

Concurrent Technologies yesterday announced that the Group continues to enjoy strong
trading conditions, including the highest monthly turnover since the Group came to the
market. Investment in design, development and sales yield a record level of enquiries
and we have upgraded our forecast to reflect the robust trading conditions. With a
healthy balance sheet, impressive management team and strong order book we expect
PBT to 31st December of £1.2m (+39% 2005E) and EPS of 1.51p (+40%) and believe that
Concurrent continues to offer significant potential upside.

•
Concurrent's expansion into the US telecommunications market continues to progress
as the VOIP network is rolled out across the North America. Indeed, the telco market
on both sides of the Atlantic now accounts for around 70% of turnover as investment in
development as well as sales creates a foothold in the largest and most progressive
markets.
•
The Group has also made impressive progress within the Aerospace and Defence
market, where the ability to produce ruggedised, low power Pentium® boards for use
in extreme conditions has helped to extend the customer base. The alliance with
Thales Group continues to advance and we are impressed by the Groups progress in
the military market, where the use of technology is developing apace.
•
Concurrent is increasingly chosen by its target customers as the supplier of choice and
management remains committed to further R&D not only of CPU technology but of
software and firmware which should simplify the use and integration of the Group's
portfolio, a strategy which has been a key driver of the increasing sales.
•
In short, we feel that Concurrent is well placed to continue this progress into 2006 and
beyond. Given the inherent operational gearing and existing opportunities in
telecommunications and defence we feel that further top line growth is achievable and
that the Group's progressive dividend policy and R&D investment programme look
assured. On a 2006 PER of 13.6x, Concurrent Technologies offers exposure to a
niche and growing market which is not yet reflected in the share price.
Year-End Sales Headline PBT Headline EPS (p)* PER* Div Per
31-Dec (£'000) (£'000) EPS (p) (x) Share (p)


Aim – Computer
Hardware

8th December 2005

28.5p (at close 7/12/05)

Year Price Range:

18.5p –29p
Market Cap:
£20.7m

[james t kirk] 03/3/2006 13:13

It will be the file marked "set to double in 2006", or the USB stick with rocket attachment.

[habayyut] 03/3/2006 12:34

just trying to locate it on various different USB memory sticks, i got it from a friend just after the Dec RNS.

[james t kirk] 03/3/2006 12:32

Thanks that would be great..

[habayyut] 03/3/2006 12:27

i will post the research note that i have had since early december later this afternoon.

[james t kirk] 03/3/2006 12:26

I like that kind of optimism, I've only had a brief look through past news but the company does appear to be fast-tracking the growth. Looking forward to a nice RNS on MOnday..

[habayyut] 03/3/2006 12:23

JTK

there will be very pleasing news on monday, believe me.

the directors buying regularly
gartshore and liontrust holding significant amounts
Not alot of free stock available
research note very bullish
Dividend increasing
profitable co in a niche and growing market
results well ahead of expectations

i cannot see a downside to this JTK to be honest.