Concurrent Technologies Share Discussion Threads

[cfro] 05/1/2022 07:35

Short, simple and soothing statement. We know that there is global chip supply chain issues and that this will likely continue for some time but they are navigating their way through this successfully.

With the further announcement that the final dividend will be paid after the results it looks like they are changing to a more conventional way of paying it as proposed to the way CNC used to pay a second interim dividend before the announcement of the final results.
Used to be paid in every April so not necessarily expecting it to be paid any later as long as the finals are released on time.

[cravencottage] 05/1/2022 07:05

Ahead of expectations TS

Outstanding achievement given the chip shortage backdrop.

[its the oxman] 04/1/2022 10:30

Been hit hard by small cap sell off, scope for a good recovery hopefully.

[cfro] 21/11/2021 17:09

JP Morgan expects more supply to come on stream fully from mid-year next year:



We know that the new management has navigated the shortages problem to the best of their ability up till now (and as such is more than reflected in the current low share price) and we await further updates/news on this which we should see in next months trading update.

[vprt] 08/11/2021 09:40

scruff1, thanks for sharing your thoughts and situation so openly.

ITM certainly brings much more excitement than CNC; I am following ITM reasonably closely and there is no doubt that they are set for many years of rapid growth - "green" hydrogen is likely to happen on a large scale (whilst "blue" is much more questionable, especially long term). I really like the way ITM have used partnerships (Shell, Linde, SNAM) to achieve both equity funding and a very impressive pipeline of (potential) business. Reading the government's fresh UK hydrogen strategy, and looking at how big this could get globally, this is a uniquely interesting and exciting market.

My doubts about ITM as an investment are linked to valuation and competition. I believe most of what they have in their commercial pipeline, aggressively labeled as "backlog", are projects that remain subject to both subsidies and FID, so therefore really quite uncertain. And historical financials seem completely detached from the valuation, as you may have noticed... Let me know if you have a justification/valuation.

I am also conscious that when reading mainly UK media and looking at UK activities, it is easy to believe that ITM (as a home-grown green champion) is the leader with products that are and will remain ahead of e.g. PlugPower (USA), NEL (Norway), and others - including potential new privately held entrants not yet on the radar. I find this, and likely future margins, impossible to judge.

Best of luck with your ITM punt! For now I will stick with the far less dynamic (but profitable and with a modest market cap) CNC, where my hope is that new CEO will inject a bit of energy and perhaps broaden the offering over time.

[waspfactory] 07/11/2021 13:16

Good luck scruff1, it's very tempting to move to a more exciting stock. I'll be joining you if CNC goes below 80p.

[scruff1] 31/10/2021 10:31

vprt
You are largely correct. My age is my rationale really. Long term investment planning is a bit pointless for me now. My pensions are reasonable and my long term investments provide a good addition. I am now using spare cash to effectively play I suppose - its a bit of a retirement hobby. The pandemic has changed my attitude about a lot of things -CNC being one of them - whilst I still think it has a good future I suspect it will now be longer than I can afford to wait. Income from dividends is still an issue (though if that was my only thought then my money probably go into funds)but I am enjoying trying to grow 'my stash' as it were and at the moment doing quite well - though Ive been at it long enough to be aware that things can soon change.
No great DD on ITM - just a punt really I suppose - there will be no income for quite a while but they have the cash, they have the product, they are moving in the right direction and they are 'in the moment' as it were. I hope to make a few bob and then decide whether to stay or move on. As a comparison BBOX was one I bought into at around the same time as CNC and has done quite a bit better than could be hoped and have added at the last raise a few weeks ago.
cfro
Thanks for not being rude to me :-) - a nice thought. I make no claims to be a Warren Buffet or anything else - just dawdling along doing my own thing.
I hope you all have success with CNC its a solid company - it would be good to see its involvement with AI develop. GL

[cfro] 30/10/2021 22:28

Was thinking that exact same thoughts myself vprt, but thought i should keep them private as didnt want to sound rude to scruff1 and it's not my place to suggest anything.

Hope ITM goes well for him as at the end of the day it's each investors own decision to make.

[vprt] 30/10/2021 17:15

scruff1, that's quite a switch! Very stark contrast. You appear to be more of a trader rather than investor, looking more at the share price trends than the businesses? Or do you have a valuation rationale for that switch?! (EV/Revs, perhaps?). Or did you do detailed technical DD in the field and found that ITM have the best PEM electrolyser which will remain in the lead for decades as the nascent hydrogen market develops?! Exciting, yes, but you are brave...

[scruff1] 29/10/2021 22:23

Ive jumped ship I afraid -2weeks ago now. Had high hopes for CNC and still hope they do well and will keep my eye on them. But I dont like my cash being tied up treading water for so long - especially at my age and with such volatility there are better opportunities for growth at the moment. Put most of my CNC money into ITM a couple of weeks ago and already about 10% to the good which is what Ive been missing with CNC over the last two years or so. Anyway GL to you all - will keep looking in and could easily be back if/when it starts to move.

[cfro] 29/10/2021 17:57

I would dearly love to top-up myself but no free funds in my pf as im fully invested. Otherwise i would be.

The interims seem like an age ago now but only seven weeks. Mark Cubbit had this to say about semi-conductor supply chain issues etc:

"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."

I have not seen any further news in the financial press suggesting semi-conductor supply chains issues have gotten any worse since, so one would hope things will improve, albeit perhaps slowly, from here.

[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