Concurrent Technologies Share Discussion Threads

[rimau1] 01/5/2024 08:09

Looking forward to your write up hastings. Its the quality of the layered earnings that attracts me here. CNC, if allowed to grow independently, could become a significant global defence contractor.

[simon gordon] 01/5/2024 07:45

The ambition and the quality of the earnings give CNC a good shot at eventually becoming a FTSE 250 company. Now it's just a matter of patience.

Cavendish - 1/5/24;

Management is aiming to increase the number of design-in wins each year. The impact of layering multiple design-in wins, year after year, on future revenue is clear. Taking just a similar layer of design-in win LTV creation over our forecast period to FY26, as delivered in FY23, would create over £400m of future revenue potential. Further revenue growth will be delivered by the expanding Systems division, which over time is expected to deliver substantially greater scale contract wins for the business. This commercial strategy is why we anticipate Concurrent Technologies becoming a materially larger business over coming periods.

[hastings] 01/5/2024 07:43

Worth noting too, the paradigm shift within the UK. Historically underrepresented, but a marked jump to £5m of orders.Yet another positive delivery previously outlined by the CEO as a target and now being delivered.

[earwacks] 01/5/2024 07:23

Agreed Vahlamos. Especially in the short space of time this turnaround has been achieved with military precision and strengthening long term projection. Excellent job

[valhamos] 01/5/2024 07:11

Good results in line with updated forecasts. The company continues to have long-term growth characteristics. I like this comment;

"While we expect order intake to continue to build in FY24 and FY25, it is in subsequent years that we will experience the material benefit of the design wins secured in FY23.....We expect the design wins secured in FY23 to yield a significant lifetime value of at least £100m to be realised from FY26 onwards."

[earwacks] 30/4/2024 09:38

Thanks Hastings. Seems to be motoring now, much quicker than I expected. Should be quite an update. Send my apologies to Miles for chastising him about options. Probably won’t remember. One of the few CEOs that has actually earned them!

[hastings] 30/4/2024 08:43

I have an early morning call with management tomorrow, so will endeavour to get a write up out for interest following that.

[rimau1] 26/4/2024 08:16

I am expecting a bullish outlook next week, order book and pipeline should be bulging.

[3800] 25/4/2024 20:39

thanks for that rimau1 I have held since 2020 and the current price is still below my average buy price however the world is now looking a more dangerous place.
3800

[rimau1] 25/4/2024 19:54

85 percent defence. Margin breakdown by division is not disclosed but given its so heavily weighted its not really necessary. 50percent gross margin with risk to the upside this year since component costs are falling and supply chains normalise.

[3800] 25/4/2024 19:18

does any one know how much of their turnover is defence related and the profit margins on that compared to the the opther work they do?

[simon gordon] 25/4/2024 18:52

Cheers, Hastings!!

If you get a chance could you ask Miles about the new Principal Hardware Engineer, Rachael Peterson, and how the R&D team are developing relative to the competition? What is their edge?

Rachael Peterson

[hastings] 25/4/2024 18:20

Pleased to say that I've got a call lined up with the CEO first thing on results day. Will add a write up for interest following that.

[earwacks] 24/4/2024 07:27

Extended contract with US defence company. Presentation and results early May. All looking very good

[simon gordon] 13/4/2024 12:49

Two new positions:

Head of Product Marketing, USA

Bob Knoebel




Product Marketing Manager, UK

Nino Addamo




Both look quality!

-----

Wonder if we'll get a Notice of Results RNS this coming week.

[earwacks] 08/4/2024 14:06

Record revenue of 30 million isn’t painful
Though. Profit might be only 3.5 million but that is down to ‘significant capital investment in future growth.’ Miles did go round the house a bit on re-instatement of dividend, saying they were keen to pay a dividend based on company profit. We have a small profit! Maybe a small dividend? The big question is how the acquisition in Phillip’s is bedding down. An awful lot has been achieved under Miles in a relatively short space of time. I guess the results are fairly imminent, now the accounts are in order. Hopefully the only question is how good will they be. We know already about year end, it’s the future growth forecast that could knock this out of the park. I always get the feeling Miles is bursting to say more than he sensibly can

[t-raider] 27/3/2024 10:01

Painful watching the sharp decline in share price after all that hard work to get it where it was.

[jack the box] 16/3/2024 16:00

Gervais Williams, head of equities at Premier Miton, returns to Vantage. A long-term advocate of the opportunity in UK small and mid-cap stocks, Gervais discusses the low valuations in the UK market and what might unlock these. He talks about the recent UK budget, the spate of UK takeovers and what he means by having optionality in the portfolio. We explore his approach, discussing CyanConnode Holdings (CYAN.L, market cap £32m), Ondo InsurTech (ONDO.L, market cap £19m), XPS Pensions Group (XPS.L, market cap £473m), TP ICAP Group (TCAP.L, market cap £1.69bn) and Concurrent Technologies (CNC.L, market cap £80m). Finally, we give Gervais the soapbox and ask him what three things he would like to see changed to revitalise the UK market.

[mcunliffe1] 12/3/2024 12:35

Below link (sorry for length) will load the youtube video.

[mundungus] 12/3/2024 12:18

Interview with CNC CEO Miles and John Lee by the IC. hxxps://youtu.be/x1VQKVp722Y?si=4IzhISdYWpFtd9CI

[nchanning] 28/2/2024 10:40

Think it's clear that Miles wants to go big or go home . He's going to acquire and invest , borrow and place until CNC is either a much bigger business or something goes wrong . Personally I think he sounds like a very smart guy with a good plan that's already gained impressive traction , with what sounds like ten new design wins in 2023 and a very promising pipeline . When you look at H2 revenue and the momentum in the business the forecasts look very conservative for next year , look forward to some upgrades

[cfro] 27/2/2024 15:52

I just find it a little disconcerning that Miles is looking at the possibility of using a debt facility in the future. I am not sure what to make of that.

These once had £10m of cash in bank.

Neither am i that convinced that we will get to 2026/2027 to realise some nice big orders as i reckon we will be bought-out long before that. I don't rub my hands with glee on the prospect of that because i would rather they stayed independent, but i reckon that's the likely end-game simply because with geo-politics being as they are and with defense spending only going to increase (and larger defense companies using increase in orders and therefore cash-flow to make acquisitions) and CNC transforming into a bigger player in their markets, they will increasingly be recognised by some of the larger players if they are not being watched carefully already..

[fastbuck] 27/2/2024 08:54

Good investors Chronicle podcast with CEO with Lord Lee out todaySaid they will pay dividends from in year profits and cash. Long term demand / orders received will drive new business in 2026/27 as their product get designed-into product.

[hastings] 10/2/2024 09:30

Good to see further traction in the share price and hopefully the recent momentum on the business front will continue to gather pace.Having spoken last week with both FTC and PEN, it's clear that the defence and related sectors are extremely buoyant across the board.