Concurrent Technologies Share Discussion Threads

[pyemckay] 27/11/2023 13:09

thanks earwacks and Hastings.

[hastings] 27/11/2023 12:50

Pleased to say I've got a call lined up on Wednesday morning, so will add some further comment on my blog. As Earwacks says, very engaging management.Thought it may be worth posting a link that may be of interest to new holders, as I touched base with them in June, August and more recently September. All write ups are there to view.Https://martinflitton1.wixsite.com/privatepunter

[robow] 27/11/2023 10:51

Thanks Earwacks for sharing

[misterd1] 27/11/2023 10:44

I too have decided to join the party having heard that Lord Lee is keen on this stock

[earwacks] 27/11/2023 10:17

Welcome on board. Thats pretty good timing I would say . You have missed all the shenanigans with accounts, placings and supply issues and frankly still a very good price now the company has restructured and rearing to go again. Very amiable board here and in the company. Just had an exchange with CEO and Chairman over the weekend and this morning. They must be the most communicative team I have ever experienced in public listed companies. Nothing seems too much trouble, and hopefully now one of the best performing teams. Has been quite a turnaround in relatively short time during a particularly difficult period of pandemic, supply shortages, accounts, dividend suspension, war etc. given that we are still in pretty diabolical political and economic straits this is probably now looking a lot more reliable than many. Very good luck.

[donald pond] 27/11/2023 09:47

I've also bought in for the first time today.

[pyemckay] 27/11/2023 09:44

new holder here. growth, net cash, undervalued.

[melody9999] 27/11/2023 09:33

The 'track record' para in the TU is interesting. 8 major design wins this year. Estimate £1M+ future revenue from each over coming years. If we average additional revenue at say £10M pa, and total revenue for 2023 is £27M, then wins this year alone will add c +35% to future year revenues.

[valhamos] 27/11/2023 08:48

I've liked the plan here for some time and it is being executed well. The company is being built up to increase its capability and "revenue run rates almost double when compared to historical norms" - and profit increases will catch up with the increase in revenue in the future. Every announcement seems to confirm the story here.

[masurenguy] 27/11/2023 07:56

Looking good - hopefully this will be the catalyst for a subsequent significant shareprice uplift.

Trading Update

Revenue performance has continued the trend established in the first half, with the Board now expecting to deliver revenue for FY23 ahead of market expectations*, prior to the contribution of Phillips Aerospace acquired in September 2023. Revenue for the 6 months to 31 December 2023 is expected to be substantially higher than any prior half-year in the Company's history, driven by the strength of order intake over the preceding 24 months enabled by the significant investment in product development. Management has worked closely with suppliers and customers to successfully manage supply chain issues that previously impacted performance and is pleased to report that these factors have continued to ease as the year has progressed. Order intake has continued the strong profile demonstrated in the preceding year, to provide the Board confidence in the delivery of material revenue growth in the year ended 31 December 2024 and beyond.

[somerset lad] 27/11/2023 07:51

T-Raider, see hxxps://www.cavendish.com/research-portal/#/portal/cavendish.

[hastings] 27/11/2023 07:48

Excellent update, with "Conservative Upgrades". Momentum clearly building as previously outlined by the CEO, exciting times here at CNC.

[t-raider] 27/11/2023 07:46

Nice full year update before year end ? could you post the broker note link please.

[somerset lad] 27/11/2023 07:41

Also an enthusiastic Cavendish note.

[simon gordon] 27/11/2023 07:10

That's an exciting trading update. It all looks to be coming together.

[simon gordon] 25/11/2023 10:47

Things looking brighter on the supply-side from Microchip Technology who were the main drag on CNC delivering their order book:

Microchip Technology - 2/11/12

"As our customers adjust to their evolving demand patterns, we have continued to accommodate customer pushout requests where possible. We have also made considerable progress in further decreasing average lead times and ended the September quarter at roughly 13 weeks. The reduction in lead times is resulting in lower bookings and reduced near-term visibility. The actions we are taking to reduce lead times are designed to enable our customers and us to navigate this uncertain environment with agility and effectiveness."

[earwacks] 23/11/2023 20:34

Indeed, haven't seen a trade of 125,000 in a very long time. No news either.

[hastings] 23/11/2023 15:15

Some decent buying activity today!

[hastings] 09/11/2023 11:56

I think the comments from the company suggest that it's noteworthy!Brent Salgat, President of Concurrent Technologies Inc, stated: "We pride ourselves on delivering leading-edge, reliable and cost-effective solutions to the market. This, our highest performance PIC to date, was originally conceptualised for a leading US-based provider of mission-based solutions, and we are delighted to now launch the product for general deployment."

[t-raider] 09/11/2023 09:51

Hope CNC don't go down the path of quantity over quality for their rns notifications. Seen other AIM company's do this over the years to hide the real lack of progress.Associate the new product to a big order and then we're talking. Impossible for us to gauge the worth / value of this product to the company with what is public knowledge.

[hastings] 09/11/2023 08:48

Ah, but there are heatsinks and heatsinks, so hopefully the RNS isn't inflated by hot air!

[cockerhoop] 09/11/2023 08:43

I'm not sure adding a heatsink justifies an RNS Martin ;-)

[hastings] 09/11/2023 07:07

Good to see the new and highest performing PIC announced this morning for general deployment.

[hastings] 07/11/2023 09:15

I believe the straw that broke the camel's back was an apparent inability to deliver on time for CNC.Aside that, I have been very impressed speaking with Kim Garrod, an excellent appointment in my view.