Concurrent Technologies Share Discussion Threads

[diogenesj] 17/10/2007 10:00

Pug: they had a very prudent policy in the past and wrote off these expenses as incurred. I think they have now to capitalise them under IFRS. It is a significant point and means that the earnings as now reported justify a somewhat lower rating than before.

[pugugly] 16/10/2007 12:37

:> nickcduk - re your 19 Sep'07 - 08:20 - 134 of 140
Been doing a bit of digging on this one and you are so right. The real spoiler is hidden in the notes.

Had you spotted that "in the treatment of development costs some of which for the first time in many years have been capitalized and appear as intangibles in the balance sheet".

The development costs so capitalized amounted to £502,427. If these had been charged to P&L as the implication of the above statement, there would have been a very SIGNIFICANT reduction in profit.

What is the view of regular followers of this share think?

I do not hold but was attracted by, no gearing, regularly growing turnover and profit, and a significant directors holding.

[tp100] 05/10/2007 08:59

now back to 35-36p, good price action.

[tp100] 03/10/2007 17:09

Did you pick up some too? This is my best buy in the market, especially anywhere near 30p.

[jm barrie100] 03/10/2007 16:09

Very well done - many thanks for highlighting the dip in the CNC share price.

[tp100] 03/10/2007 15:58

and then the market agrees......

[tp100] 03/10/2007 15:31

and another 10k at 30.5p, cheap as chips!

[tp100] 03/10/2007 14:45

i think this is a buying opportunity. Picked up 10k at 31p.

Cash on deposit. No debt. Sales delayed so growth actually still on track. Bid target as only UK player left after takeover of Radstone - if not, it will be a bidder itself. Share buybacks...likely later today I suspect! M Cap now only £22m.

Interesting times.

[nickcduk] 19/9/2007 08:20

I think your reading a different set of results to the rest of us. They are going to fall materially below forecasts for the current year. Broker downgrades likely for next year and they mention tough trading. Positives are few and far between. In current market conditions the shares are likely to fall. ITK is a better business and put out a bullish trading statement and yet trades on less than 10 times earnings.

[neguss3] 19/9/2007 08:17

A good set of results of you read it all they stand to make more than last year profit divi is up new market found to me its one to hold and buy more if the price falls

[jailbird] 19/9/2007 07:37

fundamentally sound company

very results again...and full year will be good too.
However they will not make more than last year due to delays.



Outlook

The second half of 2007 has started well although due to their own market
conditions, a few customers have experienced delays during 2007. These delays
coupled with customers migrating to our dual-core processing products means
that we do not anticipate that the year as a whole will surpass last year's
excellent performance.

[neguss3] 11/9/2007 21:04

SO NOW WE KNOW ITS THE 19th

[jacksona] 11/9/2007 11:20

2006 interims were 12/9, so any day now. They didn't issue a 'notice of results' prior to release.

[neguss3] 11/9/2007 10:59

when are results due anyone knows must be soon

[neguss3] 31/8/2007 18:32

more to come next week i think

[tp100] 31/8/2007 14:19

it was only a matter of time, another tick up.

[tp100] 28/8/2007 15:14

nice price action on a bad day, up to 41-43.5p.

[tp100] 24/8/2007 13:44

there she goes again, up to 40-43p.


...and again to 40.5p-43p after a 25k purchase

[tp100] 24/8/2007 12:06

50p+ is a fair valuation and likely in September but another tip or bid speculation and the share price could indeed go 60p+. The company has lots of cash so significant buybacks would also help our cause. Easily my favourite share at the moment.

[neguss3] 24/8/2007 11:38

Robbo might take another year to reach that but who knows best of luclk to all holders

[robbo 44] 24/8/2007 11:33

I need this to get back to 61p just to break even. Brought back in 2000.
Had such high hopes for this at the time. (never mind).

[neguss3] 24/8/2007 11:30

IF we get a good set of results what do you think the share price will be i am looking at around 50p plus

[tp100] 24/8/2007 11:29

now 3 vs 1 so another move higher looks likely.

[tp100] 24/8/2007 11:23

Yes also have clients with SUN but CNC looks more solid in my view. The buy backs were pretty pathetic last year and I certainly will lobby for them to be much more significant this year.

We know the valuation is very conservatve for a growing company but I think it is also a serious bid target following the takeover of its peer, Radstone Tech. The loser, an Italian company called Eurotech, must surely be considering it.

If not, with £5m cash, CNC will go shopping itself.

September 19, 2006

Radstone accepts takeover bid

Radstone Technology said that it had agreed to be bought by GE Fanuc Embedded Systems in a deal that values the British software maker at £130.4 million, trumping a rival bid by Eurotech, of Italy. GE Fanuc will pay 410p a share in cash.
The offer represents a premium of 52 per cent on Radstone's closing share price on August 17, when it received an offer from Eurotech that represented a premium of about 13 per cent.