Interested to hear about new premises and scaling up of production. They'll need it with all these contracts rolling in. Nice start to the week. |
More good news! |
 Directors Talk - 24/1/25:
Concurrent Technologies plc share price expected to continue outperformance says fund manager (LON:CNC)
Concurrent Technologies plc (LON:CNC) was discussed by Gervais Williams, Co-Fund Manager of Diverse Income Trust plc (LON:DIVI) in an exclusive interview with DirectorsTalk.
DirectorsTalk:
Another company that we noticed reporting a record year in their trading update a few days ago is Concurrent Technologies. It’s seen strong share price growth through 2024 but what stood out for you? Can they continue their growth story?
Gervais Williams commented:
This is principally a defence company, it does have other sales, but it’s principally defence, and as we know, most governments, unfortunately, are going to be increasing defence expenses going forward.
They’ve got a very strong sales channel through the US in particular, but into Europe and other places. What we’ve seen really is actually some of their ongoing contracts have been extended, they’ve got new contracts, and a lot of these contracts are quite long term. We’ve seen revenue growth running at about 25%, according to their trading statement.
Again, this is an interesting market cap, because as you go through £100 million market cap, as you go through £150 million, £200 million market cap, you tend to bring in new investors. That allows the actual share price not just to form, but actually the valuation to start performing.
So, this is a company around £140 million market cap in a sector, which we think is going to be pretty attractive for new investors, and so again, we can see the share price hopefully kicking on and not just outperforming last year but continuing to outperform going forward. |
Good volume with price strength - best two consecutive weekly candles since the new team took over in 2021:
free stock charts from uk.advfn.com |
Thanks for that hastings, appreciated.
Clickable link - |
Great write up Martin!
Wow, look at the volume again today, 4x500k trades, so likely 1m buys and 1m sells. 7.6m shares traded since the TU last week, which is getting on for 10% of share capital. At last 1 institutional investor has wanted in badly & someone on the register has named their price. Very interesting indeed. |
Thanks Martin. Appreciated |
Thanks from me too Martin! |
Thanks Martin :o) |
Great write-up as always Hastings and thanks for covering off everyones questions. |
Article for interest as promised.As requested, I have tried to cover areas where others asked specific questions.https://martinflitton1.wixsite.com/privatepunter/post/concurrent-technologies-continues-to-build-22-01-25 |
Well Lord Lee is more than millionaire. He has £3m worth of shares in this alone! |
Thanks Hastings. Any comments on tariffs? |
Just finished my call with Miles and Kim and once again very worthwhile.I'll add some comment in the next day or two for interest, but personally more excited than ever.On the fire issue, no operational concerns, they are quite a distance away. One employee unfortunately affected but thankfully that's all. |
Regarding the LA fire - it's not just the business itself of course - but where the employees are located and/or affected (eg assisting relatives etc) |
It’s been a beautiful week, but the Systems Division is still awaiting its moment to shine with some major orders. The future is bright!
free stock charts from uk.advfn.com |
Yes, you did ask, apologies, I forgot that. |
I have asked that Philly, and it's still very much on the radar, albeit they're in no hurry.All about the right buy was the last I was told, but I'll revisit given the momentum |
Miles has already answered tariff questions in the September IMC presentation, listen to the Q&A and you'll be wiser for it. As for the LA fires, a quick google of their address (16125 East Gale Avenue) suggests they are some 25 miles from both the Eaton & Palisades fires.
Hastings, I'd think it would be interesting to ask about their innovation roadmap + whether their spate of design wins has impacted their thoughts around M&A timing? When organic growth is as strong as it is, it must be hard to set aside significant time for external discussion / negotiation. |
I'm sure I asked about potential Tariffs in a previous conversation as it seemed likely Trump would be back. I'll have to check my notes, but I'll ask again anyway. |
Hi hastings, wondering if you could also ask are there any concerns over potential tariffs for the new US administration, plus, have the LA fires impacted the LA business.
Thanks. |
Just looked him up, first isa millionaire nice |
Lord Lee opened a position here, a cool 3percent. Should get some coversge now as he contributes to a few press columns. Wish my buys required an rns |
Hastings , could you ask about the impact of the strong dollar on margins please ? |
Many thanks Hastings hope you and yours in good health. Don’t share deal anymore just left with CNC and a couple of others in the SIPP. Was hopeful of 190s for CNC and nothing today changed.
Good luck Thanks and keep well. |
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