Concurrent Technologies Share Discussion Threads

[scruff1] 19/9/2020 19:58

Well well wednesday I cant believe I'd forgotten we went ex div. I also thought the results were pretty good especially in the light of the lockdown nightmare and also paying the dividend. Plenty bigger cos would envy these results. Couldn't have expected much more.Trouble is with no good and all bad non co specific news the whole market is pretty much in free fall. Worrying times

[wednesday6] 19/9/2020 10:06

Very illiquid, lack of tips and news flow, market jitters, went x div yesterday too.
September update didn't beat expectations but they expect to meet them.
I've been buying bit by bit on the way down and happy to keep long term, margins up, strong order book,no debt, recent director buy.
There were a few exceptions in last years results and costs incurred in this years results from operations ceasing st the India plant.
I thought results were good all things considered.

[scruff1] 19/9/2020 09:24

Second lockdown. Many stocks heavily down. Boris and Matt mad enough to do it. Even so the world gone to hell in a handcart. Think this is bad have a look at lloyds. There must be market stalls with better share price and still its being shorted. Madness.

[vprt] 18/9/2020 14:10

Does anyone have an explanation/hypothesis for today's share price fall? Touched 96p.
(Perhaps Wile E. Coyote vs. TTM profits? Or some tipster turning negative?)

[robow] 02/9/2020 09:16

Thanks Davebowler

[davebowler] 02/9/2020 09:04

Cenkos;
Concurrent has delivered a strong H1/20 trading performance during a volatile period, with revenue of £9.2m (H1/19: £9.5m). Though COVID-19 caused initial uncertainty around FY20 activity levels, Concurrent is a supplier to some of the world’s most prominent defence companies in the UK and US and was thus designated an essential defence supplier. Activity levels therefore continued throughout COVID-19 lockdown, with the defence market representing 68% (H1/19: 58%) of revenue in the period. Following strong order intake during H1/20 (record order book in May 2020) we have increased our revenue expectations by £1.7m to £18.7m for FY20. With £10m cash and no debt Concurrent is continuing to invest in R&D and progress its plans to add new hardware and software product ranges into new markets such as AI, software and services.

[vprt] 24/8/2020 09:56

A note of caution: The AGM statement, whilst bullish in some respects, included the below statement, where "broadly" and "a little lower than budgeted" are both trying (and succeeding, for me!) to reduce revenue and profit expectations.

"We expect our first half sales to be broadly in line with the Board's expectations, although operating profit will be a little lower than budgeted due primarily to short term reduced productivity in the design function in the UK and India during the COVID-19 pandemic".

The market reaction and any outlook / guidance will be interesting to see.

[scruff1] 23/8/2020 21:32

That would be good but just as good to see that everything is on track to settle nerves

[coolen] 23/8/2020 20:31

Afterwards, a bullish follow-up to their June tip by the MOS ?

[scruff1] 23/8/2020 11:15

It would but that possibly would have been announced by an RNS

[gswredland] 23/8/2020 08:59

Probably the same as statement on June 16 th which was inline with expectations. Interesting to see that the ‘lows’ have been higher since Mid May
Announcement of new contracts would help boost the sp!

[scruff1] 21/8/2020 07:40

2nd of September will be interesting then. Anybody got an inkling ?

[scruff1] 11/8/2020 21:53

Surprised theres not a few more comments. Good volume today (for CNC) and mainly buys leading to a good bit of share price movement.

[scruff1] 27/7/2020 21:37

Nice to see a touch of blue in a sea of red (at least for me - apart from my gold holdings)

[vprt] 07/7/2020 11:32

I'm afraid the P/E is much more than 22 if you remove the life insurance. But there are some moving parts / possible adjustments (amortisation etc) which can be discussed.

[johndoe23] 07/7/2020 11:06

That's the only reason I have yet to invest, the rich valuation. 22 x earnings bit to steep for me. Of course, I could and probably will be proved wrong!

[vprt] 07/7/2020 09:46

Sliced half yesterday. If the £1m one-off (life insurance payout) is excluded from earnings, and the forecasts from Cenkos make any sense, the valuation is rich IMHO. Naked Trader & Midas excitement expected to fizzle out over time or when lowish profits (which have been flagged) are delivered.

I aim to add again after results, when I expect the rating to be re-evaluated (including by me, if I am wrong to be cautious now).

[bottomboat] 02/7/2020 16:22

Grateful thanks once again to 'Naked Trader' for the 4.5p increase this afternoon.

Here is the link to his website:

[markwell] 27/6/2020 13:18

Looking resilient, especially having hit a new 2020 high this month.

[davebowler] 21/6/2020 18:13

hTTps://www.thisismoney.co.uk/money/investing/article-8442931/MIDAS-SHARE-TIPS-Tech-wizard-Concurrent-Technologies.html

[gswredland] 21/6/2020 08:37

Tipped in Midas in daily mail which does pick some real winners.

[texaspete2] 19/6/2020 14:06

I thought so too initially but subtract the cash on hand from their market cap and it then represents better value, but I got in at £1

[johndoe23] 19/6/2020 11:49

Like the company, and it's venture in to AI boards could be a game changer. Is it a touch expensive at 20 x earnings though?