Concurrent Technologies Share Discussion Threads

[cravencottage] 03/6/2021 12:37

I believe the AGM may bring some good news.. Re-reading the last set of numbers Mark Cubitt said... " The current record order book, which has seen a substantial increase during the first quarter of 2021, gives the Board confidence in the Group's continuing solid performance." Couple this with 11.8 million of cash on the balance sheet and I think the future's looking good..

[wednesday6] 03/6/2021 08:00

Very disappointing scruff 😴

[scruff1] 03/6/2021 07:37

Well its been a one way trip for the share price this year so far. We need some encouragement

[scruff1] 27/5/2021 09:31

Be interesting to see what the new chairman brings to the party.

[cravencottage] 27/5/2021 09:23

AGM and Trading statement on 15 June. Hopefully some good news awaits.

[scruff1] 11/5/2021 03:48

Still with us then weds.

[wednesday6] 08/5/2021 18:12

They've been selling since well before Christmas it's the reason we went down as low as 84p last November imo but the chart is looking much better now, it's not really gone up with the general market so maybe some catching up to do? There's also maybe a bit of interest in the sector too with the proposed meggitt takeover so that might also put a bit of wind in the sails.

[scruff1] 08/5/2021 17:51

Were they selling before results? No doubt we will get an RNS soon when all will be revealed. Nice to see us on the top gainers list for once (well No 55 anyway !!) Its good to see us recover so well and quite a lot of activity (for CNC). It looks like we might kick on from here - I hope. Be an interesting week

[wednesday6] 08/5/2021 14:21

Here's hoping,they've been selling for an age 👍

[scruff1] 08/5/2021 13:30

Looks like the seller has gone (about 100k I reckon). Soon took the brakes off

[scruff1] 05/5/2021 09:22

And theres the drop. Lets see if it continues. Disappointing again as it was just getting back on the move.

[scruff1] 05/5/2021 08:50

Continuing this morning

[scruff1] 04/5/2021 22:29

Looks like there could possibly be someone unloading today

[wednesday6] 21/4/2021 19:28

Signs of life in the share price, cant be many sellers left now surely. https://www.gocct.com/2021/04/21/recent-advancedmc-module-qualified-for-volume-deployment/ Above link new on website today announced that AM C8x/msd AdvancedMC™ module is now shipping in deployment quantities.  Since the first development boards were supplied in 2020, the product has been validated for use in high performance compute applications, saying besides defence lots of their work is with telecoms and 5g roll out All good stuff 👍

[earwacks] 15/4/2021 15:02

I think they have a way of making good results look horrible. Profits trending down slightly for obvious reasons. But ahead of forecasts and record orders. So why the concern for growth outlook in certain quarters. I suppose if tech is not seen to have explosive growth its not going to attract the lime light. The fact is CNC has had religiously steady reliable growth be it slowish, for a considerable number of years. In fact its almost bullet proof if you ignore the odd market tantrum.

[scruff1] 15/4/2021 09:23

malcolm Thanks a lot. Its good reading. There very little to not like. Steadies the nerves and underlines my reasons for investing - good management, solid with decent dividend and the potential for growth (even at glacial speed!) Interesting comment re 5G which connects with my post #564

[malcolm caton] 15/4/2021 08:39

https://martinflitton1.wixsite.com/privatepunter/

[scruff1] 15/4/2021 08:22

tried but cant access that - not available. Main points of interest please?

[hastings] 15/4/2021 07:31

Spoke with management yesterday and write up below for interest. A couple of typos unfortunately, but I am aware!Anyway, hopefully of some use.Https://martinflitton1.wixsite.com/privatepunter/post/concurrent-technologies-eyes-growth-14-04-21

[scruff1] 13/4/2021 10:54

Small businesses must be part of the 5G network ministers told - maybe of use

[davebowler] 12/4/2021 10:25

Cenkos; FY20 prelim results update Concurrent delivered results ahead of our December 2020 upgraded revenue and PBT forecasts, with record revenues in FY20, up 9% to £21.1m (FY19A: £19.4m). As a supplier to some of the world’s most prominent defence companies, Concurrent was designated an essential defence supplier and production, design and development operations substantially continuing throughout the period of COVID-19 interruption. With a strong order book, £11.8m cash and no debt, focussed advanced technology R&D increasing and progress with its plans to add new hardware and software product ranges into new markets (AI, software and services), Concurrent is well positioned to accelerate growth as core markets emerge from COVID-19 difficulties.  FY20 results summary. Revenues were up 9% to £21.1m, ahead of our December upgraded forecast of £20.2m. Gross profit increased 12% to £11.4m (FY19: £10.2m) and gross margin was up to 53.7% (FY19: 52.7%). EBITDA was £5.0m (FY19: £5.1m) despite a substantial £0.9m intangible impairment charge in the year. PBT was £2.8m (FY19: 3.1m, adjusting for £1m other non-recurring income). Basic EPS was 3.75p (FY19: 5.51p). R&D related spending was up 10.8% to £3.9m (FY19: 3.5m), though the capitalised proportion fell (as highlighted at the interims) to 48.4% (FY19: 64.4%). Net cash increased 12.4% to £11.8m (FY19: 10.5m).  Outlook. The order book grew strongly in Q1/21 with Telecom activity recovering strongly following a slower H2/20. Several Telecoms and Defence sector customers have ordered previous generation products to extend lifecycles (traditionally good margin for Concurrent), though this also could mean timeframes for new application programmes extending into 2022, especially within the Defence sector. COVID-19 continues to present challenges for the core industries Concurrent serves. We have therefore taken a prudent view of FY21 forecast revenue from a timing perspective, though this could prove to be overly conservative. We expect improved R&D spend efficiency and improved operating margins to lead to increased profitability.

[its the oxman] 12/4/2021 08:47

Back to 95p bid, nice , tend to think anything under 100p starts to look interesting , sub 95p very happy to buy. Still think 120p will come as board like to be cautious and over deliver. And cnc could be snapped up at any time as well.