Concurrent Technologies Share Discussion Threads

[guydavid] 07/3/2001 14:36

The article below is from Investors' Week. Look at the final paragraph, it was announced at the results that a move into the US is imminent. Take a look at the size of the market too - $4 BILLION!!! That's $4000M and is massive considering that Concurrent's market capitalisation of less than $60 Million. As an aside, Intel did £17.25M worth of business in the market, before they recently exited. If Concurrent can capture just 3% of this then they'll have an extra £0.5M in turnover. This is not really a pure tech stock in the sense that it would be hit hard by a downturn in the tech economy. There are defensive qualities more associated with large industrial companies what with its involvement in defence, aerospace, air-traffic control and medical imaging equipment. It held up remarkably well in the recent tech slide and it's on a forward PE of 17.9 which is not at all expensive considering the expected growth. Since the full year EPS is 1.16, the interim figure 0.32 and the next year 3.10p, the historic PE of 47.8 will probably drop significantly at the next interims.



Concurrent Technologies (47p)

20/09/00 08:58:44


Single-board computers (SBCs) do not usually grab a person's attention, unless that person works for a telecoms, aerospace, defence, medical equipment or other hi-tech company, which is where Concurrent Technologies finds its customers.

SBCs are built to slot into bigger boxes that in turn perform many of the crucial functions that, for example, keep air-traffic control systems working.

Concurrent is considered hot property in the development of SBCs, to the extent that at least one member of its senior management is alleged to have high-level clearance to the CIA due to the company's involvement in submarine missile guidance systems.

The company recently reported a pre-tax profit of £311,837 in the six months to 30 June this year, against a loss of £331,636 in the same period last year. The results helped continue a trend upwards in the company's share price, which reached 47p by 18 September, up from a low this year of 30.5p posted a bit over a month ago. Expectations are for earnings of just over £1m this year, with EPS of 1.23p, rising next year to earnings of £3m and EPS of 3.1p.

Both the company's management and analysts say a move into US-based manufacturing is needed to take greater advantage of the $4bn specialist SCB market. Either way, shareholders will see the value of the company grow far more rapidly than has been the case.

[hightone] 06/3/2001 08:27

well it could be that people bought before the results thinking that they would get a nice rise leading up to them and if they were good marked up after them and monday morning they opened up 5 points but came down during the course of the as they were more sells than buys these one could come down to mid 30 they have done in the past and trade range they are happy to go from 33p to 50p i am not a holder any more i bought mine end of 99 for 22p and got out at about 48p a few weeks later but have followed them ever since i think that they will make it big one day but they tend to rely on one customer i think that was Intel but they are starting to make inroads to other markets hopefully new customers which can only be good news imho.

Hightone.

[gerryl] 05/3/2001 21:06

Lots of sa;es after the presentation does this mean something??
GL

[martinc] 05/3/2001 11:05

I think they're unlikely to move to the main market, snce the results contain a paragraph spelling out the CGT benefits to shareholders of them being on AIM.

Good results though; turnover up 149%. EPS up from 0.23 to 1.16p

[guydavid] 04/3/2001 10:53

Results and Analyst Presentation on Monday, along with update regarding move from AIM to the main market.