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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 90.00 | 14:00:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 90.50 | 90.00 | 90.50 | 90.00 | 90.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 27/2/2024 08:54 by fastbuck 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. |
Posted at 02/1/2024 04:43 by earwacks Sleepy. I just can’t fathom why a trust like Lions would sell their entire holding of near 10 percent. CNC have weathered the worst of supply chain issues and Miles has masterfully redirected the course for cnc to grow into a top tier defence company. I fully expect CNC to either double or get bought out in the next two years. So if I was an investor in lion trust , which I am not thankfully , I would be right peed off!there is the possibility they had no choice , many funds are in difficulty with a lack of liquidity. Anyway not our problem. I am currently in Australia for a few months, hence the weird posting times. The uk market opens at 7pm Ozzie time. I see Sondrel have just lost Siemens as an investor. No surprise there.Anyway good luck and Happy New shares to all |
Posted at 25/11/2023 10:47 by simon gordon 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." |
Posted at 24/10/2023 18:41 by somerset lad Thank you for chasing -- much more perseverance! Since it's the same deck and therefore one hour of incremental time, I would expect a small cap like CNC to talk directly to private investors. I appreciate it's Miles's first public CEO role and he may have been advised - wrongly in my view - to focus on the instis. If management is unwilling, I'd be happy if they followed large, well advised companies like Volution and Croda who create a level playing field for private investors by making public their analysts presentations including the Q&A. |
Posted at 24/10/2023 17:30 by somerset lad Great, thank you Simon. I had asked SEC Newgate by email about a private investor call at the time of the interims and received no response. (I stopped buying at that point because of the hygiene concern, so my position is c. 20% below the level I'd been working towards.) |
Posted at 24/10/2023 12:16 by somerset lad 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. |
Posted at 19/9/2023 12:04 by simon gordon H1 slide-deck presentation is now on the investor relations page of the CNC website. |
Posted at 15/9/2023 09:03 by somerset lad Interims on the 19th. Call for analysts. Nothing for private investors. |
Posted at 25/8/2023 17:21 by simon gordon FT - 25/8/23So what about Britain’s small- and mid-cap companies? Here, things start to look a lot more attractive. As Panmure Gordon’s Simon French pointed out in a recent note, the UK’s recent Mansion House compact “has set in motion those rarest of things — an expectation of structural inflows into [smaller UK equities]” Under that agreement, nine UK managers of defined contribution (DC) pensions funds (about two-thirds of the DC market) will aim to put 5 per cent of their funds into unlisted equities — that is, those off the London Stock Exchange’s main market — by the end of the decade. Material progress is expected (by the government, at least) in the next 12 months. Assuming this project survives the likely routing of the Conservative party in next year’s general election, it should create some irresistible momentum among smaller stocks. “The hope is that this triggers a virtuous valuation cycle that encourages investors to crowd in these flows, and growth companies to raise capital on UK capital markets,” says French — who called it a “small ray of light”. Obvious beneficiaries are likely to be the Aim/Aquis category, says Panmure Gordon. It’s an area which deserves a Wild West reputation — the latest cautionary tale is the controversy at WANdisco, the data technology group, which is currently investigating potential sales fraud. Some of the groups Panmure identifies as likely to benefit are recognisable names. Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies. Mass inflows might finally create a situation in which investors eyeing minnows can successfully fish with a net rather than a spear — that is to say, buy funds instead of trying to pick individual winners. |
Posted at 22/4/2023 20:22 by simon gordon FT - 22/4/23:Chip industry slowdown will last longer than expected, manufacturers warn Weakening demand for automotive components compounds slumping PC and smartphone sales Semiconductor companies have signalled that the industry’s sharpest slowdown in more than a decade is lasting longer than expected, as weakening demand for automotive components compounds slumping personal computer and smartphone sales. Taiwan Semiconductor Manufacturing Company, the world’s largest chip producer, this week pushed back its expectations for a market recovery, as the industry bellwether projected its first decline in annual revenues since 2009. After sales of electronics boomed amid widespread component shortages during the peak of the Covid-19 pandemic, industry stockpiles of chips have been building up since last summer. “Semiconductor inventory adjustment in the first half of 2023 is taking longer than our prior expectation,” CC Wei, TSMC’s chief executive, told investors on Thursday’s quarterly earnings call. “It may extend into the third quarter [of] this year before rebalancing to a healthier level.” After growing net revenues by 43 per cent last year, TSMC now expects sales to decline in the low- to mid-single digits for 2023. TSMC’s gloomy outlook followed figures from the Semiconductor Industry Association earlier this month, which showed global industry sales fell 20.7 per cent in February 2023 compared to the same month last year, the sixth consecutive month of declines. “We’re looking at . . However, this time around, what Wennink described as a “classical semiconductor down cycle” is playing out on a much larger stage. “There have never been more industries where semis are crucial to their business,” said Ben Bajarin, analyst at Creative Strategies, a Silicon Valley-based consultancy. That means the chip industry’s fluctuations are much larger today than during the last recession of 2008-09. The PC industry has been particularly hard hit by a slowdown in consumer and corporate spending, with market researchers at IDC estimating a 29 per cent drop in the first quarter of this year compared with 2022. “It’s pretty much the worst PC year on record,” Bajarin said. Smartphones had their fifth consecutive down quarter, with researchers at Canalys estimating a 12 per cent decline year-on-year, as consumer spending is pinched by inflation. Amid a glut in components for personal electronics, the automotive industry continued to suffer shortages into the first few months of this year, making it a relative bright spot for chipmakers. However, even that market is “showing signs of softening into [the] second half of 2023”, TSMC’s Wei said. “Some investors feel this down cycle is being built on top of a fairly long up cycle,” said Amit Harchandani, semiconductor analyst at Citi. “Because the backlogs have gone up so much, they fear the drop is likely to be equally steep. It’s a bit nervous out there.” |
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