Concurrent Technologies Share Discussion Threads

[hastings] 09/9/2021 10:26

Had a very good and worthwhile catch up with management yesterday and most impressed with the new CEO.I'll endeavour to pen something in due course, but suffice to say more than happy to hold.

[scruff1] 07/9/2021 13:48

It would be interesting to hear what Lord Lee's opinion is of him and how he fits his well known company profile requirements

[its the oxman] 07/9/2021 08:32

Bit of early selling but can't see these deserving to drop sub 100p on these results for too long. Hopeful of a tick up.

[its the oxman] 07/9/2021 07:47

Yes. Results look pretty good to me, and a record order book is key to the future, supply chain issues seem to be getting managed. Still plenty to like. Should reassure but what will the market think. Who knows.

[cfro] 07/9/2021 07:33

Very credible results i thought especially given the, well flagged, general supply chain and chip problems.

With revenues up only a smidgeon operating profit was up a whopping 33% and earnings up by 29% all due to an increase in margins to 54.3%. Record order book too standing at £15.9m and cash at £12.4m and not forgetting that all important increase in divi to 1.15p. Not too shabby at all.

The comments from the Chairman sums up the global supply chain problems and how they are handling it:

Mark Cubitt, Chairman of Concurrent Technologies Plc, commented: "Even in the face of unprecedented worldwide supply chain disruption, the first half performance has been robust with sales at 2020 levels, improved margins, a strengthened balance sheet, and a record order book ensuring the pipeline of future profitability. There remains uncertainty on the timing of some shipments in Q4 2021 and into 2022, driven by component availability, which may slip revenues into 2022 but there is no evidence yet of cancellations from customers. The Board believe the changes in management structure and leadership team will leave the Company well placed to leverage its reputation in the market for future growth and improved profitability."


There was some other news today too with the retirement of the Engineering director (who was quite well paid) so i am assuming there might possibly be further news in the near future on new appointments perhaps.

[hastings] 07/9/2021 07:13

Reads well to me and what I'd expect from an extremely well run and cautious company. An opportunity to add on the inevitable drop back this morning.

[scruff1] 07/9/2021 07:08

Initial brief reading and whilst its not particularly bad its not particularly positive due to the global situation. Will now read and digest

[tole] 06/9/2021 19:13

Logged in late to Mello but John Lee was talking about Concurrent as one of his holdings and appeared very positive on its prospects. I'll report back once they put up the recording and can have a re listen.

[its the oxman] 06/9/2021 16:08

Still way too cheap here

[3800] 06/9/2021 12:13

did you check out the directors pay rvsy2?

[volvo] 06/9/2021 11:03

Going well, hopefully the results look good tomorrow.

[scruff1] 02/9/2021 22:06

Yep Announced yesterday

[cravencottage] 02/9/2021 17:41

Tues 7 September

[scruff1] 30/8/2021 21:59

Is it interims this week? I didnt see any RNS about them

[caerleon1] 30/8/2021 15:40

Oh, I didn't know he had died, feel rather rotten now. I think our personalities were too closely matched. RIP Glen.

[gswredland] 27/8/2021 14:21

Thanks craven
Probably explains the rise

[cravencottage] 27/8/2021 13:53

Usually early September....

[gswredland] 27/8/2021 11:28

Results due soon?

[cravencottage] 27/8/2021 09:50

Gaining traction.

[scruff1] 23/8/2021 21:30

Nice one Toedippers