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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Concurrent Technologies Plc | CNC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.25 | -0.20% | 125.00 | 09:00:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 124.75 | 124.75 | 125.00 | 125.00 | 125.25 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 01/05/2024 | Final | GBP | 0.01 | 27/06/2024 | 28/06/2024 | 12/07/2024 |
| 12/05/2022 | Final | GBP | 0.014 | 07/07/2022 | 08/07/2022 | 21/07/2022 |
| 07/09/2021 | Interim | GBP | 0.0115 | 16/09/2021 | 17/09/2021 | 01/10/2021 |
| 10/03/2021 | Interim | GBP | 0.0145 | 18/03/2021 | 19/03/2021 | 01/04/2021 |
| 02/09/2020 | Interim | GBP | 0.011 | 17/09/2020 | 18/09/2020 | 02/10/2020 |
| 10/03/2020 | Interim | GBP | 0.0145 | 19/03/2020 | 20/03/2020 | 03/04/2020 |
| 10/09/2019 | Interim | GBP | 0.0105 | 26/09/2019 | 27/09/2019 | 11/10/2019 |
| Top Posts |
|---|
Posted at 07/9/2024 10:26 by igoe104 CNC mentioned briefly on the processive podcast. |
Posted at 06/9/2024 17:16 by philly cheesesteak He just seems like such a fantastically well rounded professional. You have to believe he is 3 years into a 10 year project with CNC, given the progress so far & the design wins that are locked in for 2026-27 onwards, you wonder where this company could get to by the end of the decade.If they keep winning 10+ major design selections per annum & 80% of them come to fruition, then by 2030 they would have be supplying product into over 50 major design programs. Re. fund managers, I've watched a lot of the Paul Hill Vox Markets interviews, they are great for picking up little snippets that you wouldn't learn elsewhere. Not one has discussed CNC. I take this is an extremely bullish sign. |
Posted at 03/9/2024 20:06 by philly cheesesteak I'm in the opposing camp on dividends as I don't think a growth company should pay one. They should be directing all of their free cash flow into product innovation, key new hires & selective M&A in order to deliver ROIC & equity growth.Only mature companies should pay dividends and they should come from genuine spare cash, the £8m that CNC had on the balance sheet at 30/06 is clearly working capital + some reasonable buffer. Miles has decided to appease everyone by paying slightly more than a token dividend and I hope it stays that way until Concurrent are in the FTSE250, maybe even longer. Bottom line - I'm here for the capital gains, if I want a dividend then I've got something like GAW. |
Posted at 03/9/2024 14:10 by valhamos cfro - but the dividend yield is higher than competitors such as Curtis Wright and Ametek. I much prefer to invest in growing companies and much prefer the payout ratio not to exceed 30% (CNC is currently 20%) as the critical factor for success is the ability to deploy retained profits to grow the company even more. |
Posted at 03/9/2024 13:33 by cfro One reason why the BoD are stingy with the dividend (or pay no interim dividend) is that they do not own any shares themselves nor are they active buyers in the market. Apart from the chairman (a far while ago now) neither the CEO, the FD or any Non-exec have bought any, so no wonder why they are not worried about paying a dividend.. |
Posted at 02/9/2024 21:07 by simon gordon Good explanation of why innovation and surprise are vital ingredients to raise a stock price. Starts at the 25-minute mark:The Compound - 29/7/24 "Surprise" is the Most Powerful Force in the Stock Market Miles is now building a track record of surprising the market and the Systems division hasn't even got going yet. I hope the BoD stays stingy with the dividend and focuses on innovation, growth and the share price. |
Posted at 02/9/2024 07:32 by valhamos Good results and slightly ahead of the £4.4 PBT expected for the year. On a P/E of 23 for the current year CNC is good value considering the growth prospects as these design wins come on stream. Good to see major design wins for Italy, South Korea and UK as well as USA and the Systems side is showing great potential. |
Posted at 29/7/2024 10:48 by philly cheesesteak What is also interesting is how the description of the company is evolving in RNS releases.Historically it was; "Concurrent Technologies PLC (AIM: CNC), a world leading specialist in high-end embedded computer products for critical applications" In 2023 it evolved into "Concurrent Technologies Plc (AIM: CNC), a world-leading specialist in the design and manufacture of high-end embedded computer systems and boards for critical applications" Now they state; "Concurrent Technologies PLC (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs" It's a very material broadening of scope and illustrates an organisation which is in in a state rapid transformation. |
Posted at 17/7/2024 11:16 by simon gordon Abaco Systems Limited accounts for the year ending December 2020:-Turnover: £106.6m up from £98.6m -PBT: £26.4m up from £23.8m ----- Cohort forecast for the year ending April 2026: -Turnover: £240m -PBT: £25m -Market cap at 862p: £342m ----- A speculatively bullish take on when CNC might hit £100m in revenue: 2027 -Boards: £65m -Systems: £20m 2028 -Boards: £80m -Systems: £40m Can CNC hit the same PBT margins as Abaco at c.£100m? A £340m market cap equals 395p. As indicated by the CEO they are going for a more substantial acquisition which could add more value. |
Posted at 04/5/2024 09:01 by hastings A few further aspects of the business worth recapping and focusing on.The total available market space has shifted considerably from the $86bn in 2020 to a forecast $226bn by the end of next year. Obviously, CNC remains a small player in the vast space, but it provides for a glimpse of the huge growth potential, so plenty to aim for. Within that, design wins can really propel the business as evidenced by a US defence airborne mission computer win, where the typical lifetime (5-8 years) value can be $30m plus with increased margins over time. Having successfully secured 8 major design wins the majority of which are in the US and where the collective lifetime value is a minimum of $130m, then continued traction should support the current premium rating or lead to upgrades in my view. Securing its first ever process instrumentation and control systems win, there should be more to follow given that the global market there is worth an estimated $223bn and where despite being served by the major blue chip players, provides for significant opportunities for the likes of CNC. Headcount at the company has increased by 18% over the last year which sees the boards division able to support annual revenue of £40m, which is likely to scale further northwards, given the market spend and CNC's ambitious growth plans. There aren’t too many opportunities out there that provide for such strong organic growth opportunities, so there is no reliance on further acquisitions which will only come at the right time and price. Looking at the Philips purchase it could prove to be a steal, particularly as there have been no issues that often accompany such a buy and it has been good to hear that everything progressed well and continues to do so. Importantly, from a strategic aspect, the US defence market is a seriously hard nut for outsiders to crack, so given that CNC was already an accepted and established player, the Philips buy should only serve to further enhance the opportunities and scale going forward. Clearly exciting times here and no doubt there will be further news flow as the year progresses. |
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