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Share Name | Share Symbol | Market | Stock Type |
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Concurrent Technologies Plc | CNC | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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132.25 | 132.00 | 132.25 | 132.00 | 132.25 |
Industry Sector |
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TECHNOLOGY HARDWARE & EQUIPMENT |
Top Posts |
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Posted at 10/12/2024 09:32 by philly cheesesteak Shares moved from 122p on 11th November to 152p on 14th, driven by the new contract, Leon Boros talking them up on VOX & the release of their fantastic PI World video. They then cooled off back to 142p before bouncing to new highs from the 20th on low volume. I'd hardly call a 7% rise a spike.All exposure is positive for a small cap like CNC, it means that when dips happen new investors are ready to buy in. Today being a case in point. |
Posted at 03/12/2024 16:03 by cockerhoop You could argue (at the margins) that with Pension Pots losing all IHT relief that investors may now consider withdrawing funds from pensions and transferring to AIM shares to get improved IHT relief? |
Posted at 03/12/2024 09:52 by igoe104 Cnc now have a USA subsidiary, like they said in a recent Investor meet, if tariffs were inforced they would run things through their subsidiary. (Phillips ) |
Posted at 25/11/2024 15:25 by philly cheesesteak It's in a classic price discovery phase after the break out from the previous all time high. I'd bet that the vast majority of LSE investors were unaware of the transformation here, and you can do all of the shouting in the world, but the one thing which will always attract new investors is a rising share price.Look out to 2027 and ask yourself how much growth they will achieve when the 16 major designs wins that we currently know about start to kick in. Then add in future wins & upside from the systems business + potential accretive M&A. 15p EPS would require £85m top line revenue & 20% PBT margins, I don't think they will be a million miles away from that by the time the FY27 numbers are reported & who knows, they may have exceeded those numbers by then! |
Posted at 23/11/2024 21:41 by philly cheesesteak Crikey, I understand it's mildly relevant, but any chance you could just post the article link rather than 1000 words of text?Cardinal3, on tariffs, Miles addressed them in the September investor meet company presentation (question 3 of the Q&A). 'Personally, and who knows what will actually happen, I think it's extremely unlikely that tariffs would apply to inter country defence opportunities. The UK & US have extremely close relations, and we both have defence companies operating in each others country with a lot of equipment going backwards and forwards. So I would be hopeful that tariffs would not apply to our kind of capability. If they did, we're well positioned to manufacture in country. As I've said, we've already qualified two in the US who can build our product and our systems business is located in the United States. So were tariffs to be a thing, we'd simply turn on the capacity that we've already lined up in the United States" Having significant in country personnel at the systems facility in LA gives the above plan real credibility. Phillips has been a gem of a deal for $3.3m. |
Posted at 20/11/2024 21:12 by simon gordon FT - 20/11/24Asian arms makers lead defence stock rally in bet on global rearmament Asia’s arms makers and naval shipbuilders are leading a global surge in defence stocks this year as investors bet that the region’s companies are primed to lead a rearmament boom. Triple-digit share price increases for big arms companies listed in South Korea and Japan have pushed them into the top 20 gainers on the MSCI All-Country World index for 2024, as defence-related stocks have gone on the march globally from Norway to Brazil this year. The share moves underline a darkening in the global security order. US allies in Europe and Asia are bracing for Donald Trump’s second presidency to push them to pay more for their own defence. Threats from Russia and China have already forced a reversal in decades of cuts to arms budgets. Shares in Hanwha Aerospace, South Korea’s largest defence group, have tripled this year to a market value of nearly Won18tn (close to $13bn), leaving them in dollar terms just behind Nvidia among the MSCI All-Country World’s biggest gainers. Continued.... |
Posted at 11/10/2024 11:37 by simon gordon Afternoon Philly,It could be because the historic shareholder base was conservative and dividend-focused. There could still be some income investors to clear out. |
Posted at 09/10/2024 15:40 by simon gordon One to keep an eye on.Citywire - 4/10/24 Miton UK Microcap: Have we become too MINI? The board of the £37m smaller companies trust run by Premier Miton's Gervais Williams and Martin Turner is to consult on its future after shareholders sell 40% Miton UK Microcap (MINI), the £37m smaller companies trust run by veteran stock pickers Gervais Williams and Martin Turner, could be the next investment trust heading for a stock market exit after investors sold 40% of the shares in its annual redemption facility. The latest exodus threatens to make the small nine-year-old listed fund more illiquid and less appealing to investors. In a statement, the board said it ‘continues to believe that the company will be able to generate attractive returns for shareholders in the future.’ But it added: ‘In light of the level of redemption requests received, the board will engage with shareholders over the coming weeks with regards to the future direction of the company.’ With the shares at a 9% discount to net asset value despite the annual exit mechanism and an improved outlook for UK small caps, the board will likely face calls to wind down, sell its dwindling portfolio and return cash to shareholders. A merger could also be an option but may prove comparatively costly. According to Refinitiv, its fourth biggest shareholder with a 5% stake is CG Asset Management, the manager of Capital Gearing Trust (CGT). Peter Spiller, its founder and chief investment officer, has previously urged the investment company sector to consolidate and weed out sub-scale funds that are not delivering good returns to shareholders. Launched in 2015 in hopes of a revival in UK smaller companies after the recovery from the 2008 financial crisis, MINI has proved a big disappointment. By the end of August, it had lost its original shareholders 2.5%, massively underperforming the 70.8% return from the Deutsche Numis 1000 index and the 111% average return of UK smaller companies trusts, according to its fact sheet. Like its closest competitors, the trust struggled in the past three years when investors shunned UK domestic stocks, with the smallest ‘micro-caps&rs Over three years the shares have fallen 46% and in the past six months have been flat even as improving macro-economic conditions have seen the UK small-cap sector rally 16%. Further details of the redemption, which closed on 1 October and will be activated on 5 November will be made in a further announcement, the company said. The company invited private investors who want to express a view on MINI’s future to email mitonukmicrocap@ntrs Diverse Income (DIVI), the £215m UK equity income trust the managers also run, could face similar problems in future if it continues to shrink. In May investors sold nearly 26% of the shares in its annual redemption facility, reflecting the relatively wide discount and poor performance in the downturn of recent years. Redemption facilities are considered good practice in investment companies. The theory is that by giving shareholders a regular chance to sell their holdings at close to net asset value (NAV), there should be no need for the share price to drift away from NAV. However, in prolonged depressed markets when investor demand evaporates, they risk a fund becoming unviable through repeated big share buybacks. |
Posted at 06/9/2024 14:10 by igoe104 Miles is excellent at presentations. He doesn't waffle on about numbers that investors have already seen, or like others directors do in their presentations. Hes very much to the point, just how I like it. He reminds me of Nat Rothschild the chairman at Volex, another company i hold... |
Posted at 15/7/2024 06:53 by simon gordon I wonder if there is a ceiling to the number of design wins they can handle in a year. Eight in H1 is a superb marker for the future.There isn't enough in the RNS for momentum investors but for long-term investors, the story is getting stronger and stronger. |
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