Concurrent Technologies Share Discussion Threads

[jacksona] 30/7/2010 10:29

A bit overdone, it's a delayed order not a cancellation.

I guess this morning's news that Trident will be funded out of Defence budget going forward won't help pessimism that all defence spending will be cut.

[tonydev] 29/7/2010 10:21

durrrr, thanks!

[strollingmolby] 29/7/2010 10:15

TonyDev - look at the last line of my post above yours...

[tonydev] 29/7/2010 09:56

Can any one see an obvious reason for the recent drop here?

[strollingmolby] 20/7/2010 10:11

Trading Update

Concurrent Technologies Plc (the "Company"), a world leading specialist in the design and manufacture of high-end embedded computer products, for critical applications in the defence, aerospace, transportation, telecommunications, scientific and industrial markets, announces an update on current trading.

In the announcement of the Company's preliminary results for the period to 31 December 2009, released on 15 April 2010, and, more recently, in the AGM Statement released on 21 May 2010, the Company reported on a positive environment for its products aimed at the defence sector and noted that sales growth in that sector was likely to remain modest in the current financial year.

At the time of such statements the Company was working towards securing an order forecast to deliver c. £1 million of revenue in the current financial year. However, it has since become clear that this order is now expected to crystallise in the year ended 31 December 2011.

Accordingly, whilst the Company remains confident that the result of its investment in new defence related products will be seen beyond 2010, the Directors anticipate that results for the current year will be below current market expectations.

[everlastian] 21/4/2010 13:52

Hrutt, could not have a better explanation than that.
that's the most scientific explanation I ever heard.
One cant go wrong with your theory...!

[krutt] 21/4/2010 12:38

Everlastian,
Without getting too complicated and sticking to recents events:
The share price went down a bit and then went back up a bit.
Based on the expert info to hand i would suggest that future movements of the share price will either be up or down but mostly both!

[everlastian] 20/4/2010 16:51

What has happened here?

[nfs] 03/11/2009 23:00

as a recent buyer it seems to me that a price movement influenced in such an extreme way by one magazine's view,based on share price performance rather than company performance,must be a good time to add.And the yield just went up too

[interceptor2] 30/10/2009 22:42

Found the RHPS comments on another thread. See below.........

"Concurrent Technologies has been in the Red Hot list for over two years and I still think that it is a great company.

In truth, though, the share price performance has been dull. These are probably better viewed as an income share.

If you are after a nice long-term stream of dividends from your shares then Concurrent fits the bill. This is why it is in the Red Hot Income Portfolio (which I last reviewed in August).

But for the shares in the Red Hot list on the back page of each issue, I am looking for quick capital gains. In this respect, I think there are better candidates than Concurrent.

So, unless you are happy to hold the shares for the income delivered by those dividends, SELL "

[interceptor2] 30/10/2009 19:26

I read elsewhere that Red Hot Penny Shares issued a sell recommendation, not a subscriber, so don't know the reasoning behind it.

[interceptor2] 30/10/2009 17:51

Hi rivaldo

Reading your post was like reading my own thoughts on cnc.

I also have these on watchlist, and had a 35p price target with the charts showing a good range between 27.5p to 38p at the time. But the share price once over 40p seemed a touch expensive to me.

As for the share price movement this morning, it seems bit extreme for a tree shake, very odd indeed.

[nbaxter] 30/10/2009 10:02

Wow - nice shakeout !

[masurenguy] 30/10/2009 08:27

Me too - a 21% drop on no news and less than 50K shares traded !

[rivaldo] 30/10/2009 08:24

Had this one on my watchlist for a while, but it got a bit expensive for me. Interested in today's move - anyone know why the drop? Looks a bit alarming!

[dealit] 12/9/2009 06:41

It would be interesting to know the view of a chartist on this stock. Would seem starting to look very much the same as mid 2006/7 chart when the share price was 50p+.

[investinggarden] 11/9/2009 12:48

Strong Buy Rating from Growth Company Investor

[dealit] 03/9/2009 07:42

CNC really do press all the correct buttons IMHO:-

RNS Number : 4377Y
Concurrent Technologies PLC
03 September 2009



CONCURRENT TECHNOLOGIES PLC




Interim results for the six months ended 30 June 2009




Concurrent Technologies Plc, (the 'Company') which manufactures high-end embedded computer products for critical applications in the defence, telecommunication, aerospace, transportation, scientific and industrial markets, announces interim results for the six months ended 30 June 2009.




Highlights




Profit before tax up 13% to £1,367,916 (H1 2008: £1,213,534) on Sales up 19% at £6,520,809 (H1 2008: £5,480,801)




Earnings per share for the period increased to 1.54p




Gross margins improved to 61%, compared to 54% in H1 2008




Net cash and cash equivalents of £5.22m, no borrowings




Interim Dividend of 0.50p - up 11%




Multiple new product launches including the Company's most sophisticated to date




Michael Collins, Chairman, commented:




'We continue to expect our 2009 overall financial performance to be satisfactory, notwithstanding our substantially increasing investment in new product development, and view the subdued operating environment as being a short term factor.'




'Indeed, the future beyond this year looks positive in the part of the defence market in which we operate. We continue, for example, to see very strong interest in our products for projects involving electronic, aerial and battlefield surveillance.'

[robbo 44] 17/8/2009 09:08

Sold out last week. Been holding this far to long without making any money. Got to put the money elsewhere in an share price that actually rises. gl

[dealit] 14/8/2009 16:56

neguss3 do you know something I don`t why the rise today of 3p.

[neguss3] 14/8/2009 14:19

how long before we hit 40p

[robbo 44] 27/4/2009 09:44

Good results in these times.

[chavitravi] 11/2/2009 14:34

I reckon the announcement made by Intel yesterday that they are spending $7 Billion on facility's over the next 2 years is going to shove this up if they have licences & chips from Concurrent. I know Intel have a lot with ARK and Concurrent take from them I think. They also have an interest in the Co and thats on the up today on nothing. Reckon someone as an order in and they are fishing for shares, could be wrong. A lot of money to be had in the near future if we are in with them.