Concurrent Technologies Share Discussion Threads

[simon gordon] 24/10/2023 17:10

Somerset,

I spoke with SEC Newgate this afternoon and they're going to ask CNC if they could upload the video of the Interim analyst video call to the website.

[simon gordon] 24/10/2023 12:59

T,

Stryker do have existing turnover, think it was about $1.3m, was discussed on here when it happened. Got 20 employees.

It's still very early days. Should get more information in 2024 and hopefully some orders for the new factory.

[t-raider] 24/10/2023 12:32

Whilst in the doldrums, have been looking at the recent acquisition notice again.No comment on any pre-existing revenues or manufacturing coming across to CNC and so they bought a factory, machines and staff to solely produce CNC products it would appear ?Shame there's no agreement to continue the manufacturing of the products made pre-acquisition by Phillips or if there is, shouldn't we be told about it ?An update on how it has improved production and objectives for further improvement (and cost savings) would be good to hear. Better than just the remuneration for management.Damn the UK market is miserable :(

[somerset lad] 24/10/2023 12:16

I'm happy for the senior management team to be strongly incentivised to deliver the large growth in shareholder value that they have talked about (though whether the scheme that the board has put in place creates such an incentive will remain a mystery for the time being as T-Raider notes).

A broader gripe is that private investors provide a lot of day to day liquidity and yet CNC does not present on IMC, PI World or similar instead restricting its presentation to analysts and not providing a recording of the presentation and Q&A. I'm all for management focusing on the business not the share price, but a failure to engage properly with private investors is a hygiene issue.

[t-raider] 24/10/2023 11:45

The share options are aligned to 'earnings per share' (eps) rather than the share price.Have no issue with that if the exercise ratio's are challenging and not just gimme's for those in charge.Basically means their focus is on earnings rather than how the shares react in the market. One would hope improved eps is reflected in the SP, but the market factors in other influences and we get to feel all that pain. Just like today. :(

[deanowls] 24/10/2023 10:42

Purchase price of 1p. Why not todays price?

[888icb] 24/10/2023 10:04

The options given to the Directors and employees appear to be very generous. It says they are performance related to the share price but does not give any details in terms of numbers.

[t-raider] 24/10/2023 09:14

Bid down to the placing price.. suppose there was a certain inevitability about that in this current market.

[t-raider] 11/10/2023 16:18

With the state of the world, arms companies are booming and defence budgets worldwide are on the up.With 70% of revenues derived from the defence sector, funny to see Concurrent Technologies not being seen as an opportunity.The signs are already there in the interims.When any overhead of shares from the placing is cleared, i'd expect to see a marked improvement in the share price, even if UK equities (and AIM) are out of favour.

[simon gordon] 09/10/2023 10:07

CRN - 2/10/23:

Intel Hits Key Chip-Making Milestone In Gelsinger’s Comeback Plan

Intel has begun high-volume production of advanced chips debuting at the end of the year, a key milestone in CEO Pat Gelsinger’s ambitious manufacturing comeback plan.

The Santa Clara, Calif.-based semiconductor giant on Friday celebrated the opening of a new chip fabrication plant in Ireland called Fab 34, which is using extreme ultraviolet technology for its Intel 4 manufacturing process. Also known as EUV, the technology is seen by Intel and other major chipmakers like TSMC as a critical building block for manufacturing advanced chips.

The new fab along with a planned wafer fabrication plant in Germany and a planned assembly and test facility in Poland “will help create a first-of-its-kind, end-to-end semiconductor manufacturing value chain in Europe,” according to the company.

“I am proud of the Intel team as well as our customers, suppliers and partners who worked with us to bring this moment to life and keep us on the path back to process leadership,” Gelsinger said in a statement.

Why Intel 4 Is A Big Deal For The Chipmaker

Intel 4 was previously known as the chipmaker’s 7-nanometer process, which faced a significant delay in 2020 under the leadership of former CEO Bob Swan when it identified manufacturing defects.

At that point, the company’s advanced chip-making capabilities had already fallen behind Asian contract chip manufacturers TSMC and Samsung Electronics—which produce chips for significant Intel rivals such as AMD and Nvidia—due to a multi-year delay of its 10nm process.

When Gelsinger became CEO of Intel in early 2021, he called for the company to double down on manufacturing and restart an effort to manufacture chips for other companies while also increasing the amount of chip designs manufactured by foundries such as TSMC.

The idea was to rebuild Intel’s chip-making prowess while relying on whichever process it needed, whether manufactured by Intel or another company, to provide competitive processors along the way.

Vowing to restore Intel’s leadership in advanced chip manufacturing, Gelsinger announced a plan in July 2021 to accelerate the company’s process node road map to catch up with TSMC and Samsung and then surpass them in state-of-the-art chip production by 2025.

As outlined in 2021, Gelsinger’s comeback plan called for Intel to begin production on five advanced process nodes in four years: Intel 7 in 2021, Intel 4 in 2023, Intel 3 in 2023, Intel 20A in 2024 and Intel 18A in 2025, according to the timeline given at the time.

What Intel 4 Will Be Used For, And What’s Next

Intel 4, which began high-volume production on Friday, is the second of the five nodes in Gelsinger’s comeback plan. The company will use the node to manufacture the compute tile of the Core Ultra “Meteor Lake” processors for laptops launching in December.

“This is a landmark for Intel and the semiconductor industry as a whole,” said Ann Kelleher, executive vice president and general manager of technology development at Intel, in a statement.

“The transfer of Intel 4 process technology into high-volume production in Ireland is a giant step toward enabling leading-edge manufacturing in Europe and a huge moment for our technology development teams in Oregon, too,” she added.

At the Intel Innovation event last month, Gelsinger said Intel 3 is on track to enter manufacturing at the end of the year. Intel has previously said it will use Intel 3 for the “Granite Rapids” and “Sierra Forest” generations of Xeon server processors arriving in 2024.

The company has also affirmed that Intel 20A and Intel 18A are on track for manufacturing in 2024 after previously announcing that Intel 18A would arrive sooner than the original 2025 timeline.

[earwacks] 05/10/2023 11:43

Fortuitously the recipient of takeover. So redirected into the lull in share price here. Intention to re-establish dividend asap and 15 million in the bank year end barring acquisition looks like deep value and growth to me. Might be expecting some contract news soon if bids successful

[simon gordon] 30/9/2023 11:23

Yesterday's Q3 close just shaved off a full bullish engulfing reversal pattern. Price is flat on the year. Lot of resistance at the 80p zone. Here's hoping Q4 is a positive month.

Next scheduled news flow: FY trading update early January 2024.


free stock charts from uk.advfn.com

[t-raider] 21/9/2023 15:39

I wonder what the nature of those big trades is ?

[gswredland] 19/9/2023 16:27

I like the cautious approach

[hastings] 19/9/2023 15:41

Write up for interest.https://martinflitton1.wixsite.com/privatepunter/post/concurrent-plugging-in-for-growth-19-09-23

[simon gordon] 19/9/2023 12:04

H1 slide-deck presentation is now on the investor relations page of the CNC website.

[somerset lad] 19/9/2023 10:09

Today's Cavendish (ex-Cenkos) note changes cash and EPS forecasts to reflect the raise, but leaves revenue and profit numbers at the same level as Cenkos's 17 July note, i.e. not making any changes for the Stryker acquisition. Presumably CNC management need to further digest the acquired business before guiding Cavendish, but it does mean that the forecast numbers should be asterisked.

Interims showed capitalised R&D running at £1m more than the amortisation charge, so all of the profit figure is down to capitalisation policy. I'm fine with this in CNC's case as the company is investing heavily in marketable products with a longer term payback.

I emailed Newgate about a private investor presentation but have had no response.

[gswredland] 19/9/2023 09:15

True Raider.
Short term profit taking this morning hopefully bringing the share price down to add

[t-raider] 19/9/2023 08:49

I appreciate the cautiousness and transparency over the component challenges, but was it necessary to mention it 6 times during the announcement. I felt it put a negative taint on the narrative for what were otherwise promising/positive results.

[simon gordon] 19/9/2023 08:28

Wonder if the next move is to buy a small design house in America. Someone like these guys with c.7 staff. Acquiring with a mix of cash and shares.

[valhamos] 19/9/2023 08:06

Continued progress but still some way to go. As they rebuild gross margins and the investment in new hires pays off I am expecting a return to the 15% plus operating margins achieved a few years ago.

[gswredland] 19/9/2023 07:56

Sounds very positive. Reiterates what we already know

[hastings] 19/9/2023 07:33

And dividends clearly back on the agenda by the year end, given the positive outlook.