Concurrent Technologies Share Discussion Threads

[vprt] 29/10/2021 17:36

Topped up. Supply chain delays are temporary, quality is (hopefully) permanent. Yes, it is still in a negative trend, but below 80p is cheap enough for me to want more.

[scruff1] 12/10/2021 09:59

Looks like the bit about defence suppliers needing help has given another little kick in the wrong direction

[scruff1] 27/9/2021 22:19

I like the bit about transforming the co. into a leader in battery systems (something like that). Right direction. Makes me feel warm!!
I also like the fact that they seem to be building a team like they know what they want and where they want to go. That has to give good vibes to any investor. Just need a bit of a rocket boost for a few days - that would make me feel even warmer :-)

[vprt] 27/9/2021 16:04

Yes, agreed, this time with a common Wolfson-link with the Chairman.

[cfro] 27/9/2021 15:55

Fantastic new non-exec appointment who comes with vast experience in the semi-conductor industry space.

[cfro] 24/9/2021 13:26

Just signed up, thanks. It's on the front page of the website at the top. Just put in email address and check the "i am not a robot" box (don't think i am lol) and click send. All very simple.
They are sent out quarterly i believe.

[vprt] 24/9/2021 11:52

cfro: I signed up for the newsletter on the website a couple of years ago, but I could not find anywhere to do the same when I looked now (but I might have missed it). Although the sender comes up as "Concurrent" I see that the actual email address of the sender seems to be [edit: removed a personal email address; see cfro's next post] so I suggest you try that and ask to be put on the mailing list. The latest one is called "September 2021 e-newsletter".

[cfro] 24/9/2021 11:32

Where did you both get hold of the newsletter if i may ask?

[vprt] 24/9/2021 11:26

Yes, a very interesting newsletter - the new people really caught my eye, and I also had a quick look at Teledyne e2v: All the three new hires have worked at Teledyne e2v (yes, Victoria M as well, four years ago). So the new CEO is clearly bringing "his" people in - with experience from a much larger, broader and highly relevant competitor (conveniently located half an hour up the road in Chelmsford). Hopefully these new people will blend in (relatively) smoothly with the existing team, whilst also contributing positively in multiple ways. Watch this space!

[scruff1] 24/9/2021 10:29

Just received the latest news letter from CNC. They seem to be coming quite communicative

[caerleon1] 15/9/2021 20:56

Bye Dave, enjoy your retirement - I sold all my shares.

[tole] 09/9/2021 19:19

https://youtu.be/jb-EjCR9nBELink to the John Lee interview on mello. Talking about Concurrent Tech starting at 22.05 in.

[scruff1] 09/9/2021 11:52

Thats good to hear hastings - cheers

[robow] 09/9/2021 10:28

thanks Hastings, good to hear

[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